The Currency Analytics
By Steven Anderson
India said no to cryptocurrencies for several reasons whether tax evasion, money laundering, retail investor economic interest and more.
David Solomon, CEO of Goldman Sachs made a statement in April, “We are watching and doing work in order to try and understand the cryptocurrency marketplace as it develops.
We have some clients that have specific functionality we have engaged with in clearing the physically-settled futures.
It now seems that the Goldman Sach are interested in coming up with their cryptocurrency as opposed to helping their clients invest in cryptos which already are in place.
Solomon stated, "We are clearing futures around Bitcoin and we are further talking about doing some other activities but it is happenning cautiously.
At this point in the financial industry, it will be big trouble for those in the Fintech industry, if they are not going to take to cryptocurrency adoption.
There are regulatory hardships; however, the benefits provided by the cryptocurrency are far more. The price slump of Ethereum ended recently.
The price of the Litecoin is in an upward trajectory. A rising wedge pattern is beginning to form.
Charlie Lee stated, "This collaboration propels Litecoin in front of an audience of millions of people around the world at a time where adoption of cryptocurrencies continues to…