Goldman Sachs Secretly Registers Clients for Bitcoin Trading Products from Bank of America Obtains Patents to Store Private Keys

Hello everyone, how are you today?

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2018-10-31 23:15 The State of The Market October 31 2018 BTC: $ 6,327.21 (-0.15%) ETH: $ 197.85 (+ 0.25%) XRP: $ 0.4453 (+ 0.10%) The cryptocurrency market staged a very slow recovery.

Bitcoin is still trading below $ 6,400 and resistance of $ 6,200 has been well defended by the bulls. Ethereum remains under $ 200 and $ 190- $ 195 proves to be a strong support zone. The XRP has remained relatively stable and is currently trading at $ 0.4453. At present, the total market capitalization is $ 203.2 billion. In other news, Nasdaq and Microsoft signed a partnership for blockchain services on the financial market. As a result, Nasdaq customers will get access to the blockchain system which will streamline the process to match buyers and sellers as well as shipping, payment, and transaction settlement.

Berkshire Hathaway, Warren Bufftt invested $ 600 million in a fintech company The fintech company focused on cellular payment technology, especially in emerging markets such as India and Brazil.

1. Despite the pause of Jamie Dimon for cryptocurrency, JPMorgan, the bank where he is the CEO, is submitting a request from the client to access the digital currency. As a result, the company explores the relationship with the immediately regulated cryptocurrency exchange, Bakkt, the Abacus Journal report.

The article, which was retweeted by the Joint Founder of Fundstrat Thomas Lee, shows that while the bank may not be the "first mover" in Bitcoin, JPMorgan clients will likely eventually gain access to BTC through Bakkt. how Bakkt provides the security / compliance / reputation needed to truly attract large financial institutions to crypto, previously concerned about reputation risk.

1. Goldman Sachs, one of the banks the biggest investment in the world, has covertly begun to register a limited number of customers for Bitcoin trading products that are coming. A source familiar with this problem has stated that , a small number of clients has been registered to actively trade new, non-delivery derivatives, which are products that are settled in cash similar to futures contracts. The source also denied rumors that the bank was exploring a similar product for Ethereum, saying that banks were not currently pursuing the creation of Ether derivatives.

2. Bank of America recently had an approved patent that details new ways to save cryptographic keys in another example that while large banks can put cryptocurrency in the media, they actively explore and develop behind-the-scenes technology.

One interesting feature described in the abstract is the ability of a storage device to delete the stored private cryptographic keys stored on your device from memory if device received signal that disorders physical or non-physical is going on.

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Source Refference:

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https://hackernoon.com/goldman-sachs-is-quietly-enrolling-clients-for-its-bitcoin-trading-product-and-bank-of-america-41bbc2178254

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@boyasyie