CryptoCorner: Goldman Sachs (NYSE: $GS) Crypto Desk Rumour Dismissed by CEO, Binance Partners with CipherTrace and Digital Asset Works with VMWare (NYSE: $VMW)
Point Roberts, WA and Delta, BC - April 12, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
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#CryptoCorner: Goldman Sachs (NYSE: $GS) Crypto Desk Rumour Dismissed by CEO, Binance Partners with CipherTrace and Digital Asset Works with VMWare (NYSE: $VMW)
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Stocks discussed: (NYSE:GS) (NYSE:VMW)
CCN reports that Goldman Sachs (NYSE:GS) has no plans to open an institutional cryptocurrency trading desk, despite reports, such as one from Bloomberg in 2017, that suggest otherwise. During a hearing before the U.S. House of Representatives Financial Services Committee earlier this week, Goldman CEO David Solomon denied the rumours, saying:
"That Bloomberg article was not appropriate. Like others, we are watching, plus doing work to try and understand the cryptocurrency marketplace as it develops."
"We have some clients that have certain functionality that we've engaged with on clearing physically-settled futures. But other than that, we never had plans to open a cryptocurrency desk."
The International Chamber of Commerce (ICC), the largest business organization in the world which represents some 45 million business in 130 countries, has announced a collaboration with Singapore blockchain firm Perlin. The partnership will allow Perlin to facilitate blockchain adoption among all the businesses the ICC represents. John Denton AO, Secretary General of the ICC, commented:
"The ICC has always been committed to empowering our members to achieve the highest levels of corporate excellence and continuing innovation. In collaboration with Perlin, which leads the field in blockchain and distributed ledger development, we can help facilitate practical and truly disruptive transformation for businesses across every conceivable industry sector."
Crypto exchange giant Binance has partnered with security firm CipherTrace to bolster their anti-money laundering (AML) compliance program, according to a blog post yesterday. Samuel Lim, Chief Compliance Officer of Binance, explained:
"The selection of CipherTrace as our on-chain security solution will augment our expansion drive and build greater trust among our users, regulators and financial institutions. This partnership will bolster our existing world-class AML compliance program and help us expand into new markets in the most compliant fashion."
Fintech company Digital Asset has announced that it is working with VMware, Inc (NYSE:VMW) to integrate the former's open source DAML smart contract language with the VMWare Blockchain platform. Michael DiPetrillo, Senior Director of Blockchain at VMware, said:
"DAML has been proven to be one of the few smart contract languages capable of modeling truly complex workflows at scale. VMware is delighted to be working together on customer deployments to layer VMware Blockchain alongside DAML. Customers demand choice of language execution environments from their blockchain and DAML adds a truly robust and enterprise-focused language set to a blockchain platform with multi-language support."
Sam Mowers, Investorideas
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