Wall Street
Goldman Sachs to Exit Russia Amid War With Ukraine
As Vladimir Putin continues the invasion of Ukraine, Goldman Sachs plans to exit Russia and is the first Wall Street bank to take such actions. “The Hash” examines the impact this will have on everyday Russian consumers as other American businesses like McDonald’s and Coca-Cola also suspend operations in the Russian Federation.
Crypto Firms May Look at Traditional Finance Firms as M&A Targets
We asked several industry participants if Wall Street incumbents might start making deals for crypto companies. Some predicted the opposite.
Meme Investing: From GameStop to AMC, Did Wall Street Still Win?
In the aftermath of the GameStop short squeeze, Wall Street Journal "Heard on the Street" editor Spencer Jakab discusses the key findings from his new book "The Revolution That Wasn't," explaining that meme investing from retail investors did little to change power dynamics on Wall Street. Plus, his take on Tesla CEO Elon Musk's influence on crypto.
There Won’t Be a 'Goldman Sachs Coin' Anytime Soon
The banking giant said last year that it was looking into creating its own cryptocurrency.
New York Senate Confirms New Top Financial Regulator
The New York Department of Financial Services confirmed Adrienne Harris, a former federal official and professor, to run the Wall Street regulator Tuesday. Harris has been serving as the acting Superintendent of NYDFS since her nomination in August 2021. CoinDesk's Nikhilesh De discusses the implications for crypto, fintech, and financial services regulation at large.
Could Solana Become the Visa of the Digital Asset World?
The Solana blockchain could become the "Visa of the digital asset ecosystem" as it focuses on scalability, low transaction fees, and ease of use, according to a research note from Bank of America (BoA). The Wall Street titan also noted Solana and other blockchains might even snag market share from Ethereum over time. "The Hash" hosts weigh in on the BoA's assessments.
Could These Products Tame Crypto’s Volatility Beast?
Two crypto products launched late last year, targeted squarely at advisors who are concerned about risk-averse clients, purport to ease bitcoin volatility through trading strategies. But there may be other ways to temper volatility risk in cryptocurrencies.
Goldman Sachs Sees Crypto Options Markets as ‘Next Big Step’ for Institutional Adoption
While CME Group’s bitcoin futures contracts initially lured in Wall Street firms, Goldman’s head of crypto trading says options are “more versatile.”
