Reuters informs that Goldman Sachs intends to spend tens of millions of dollars to buy or invest in crypto companies, as the collapse of the FTX stock exchange hit their value and weakened investor interest.
“The collapse of FTX has increased the need for more reliable, regulated cryptocurrency players, and big banks see an opportunity to develop this business. They are already checking a number of different crypto firms», — Reuters conveys the words of Matthew McDermott, head of Goldman’s digital assets department.
Goldman Sachs has already invested in several crypto firms, including CertiK, TRM Labs, Elwood Technologies and Coin Metrics, and has launched Datonomy’s digital asset classification service with MSCI and Coin Metrics as well.
🔷 Meeting application testing continues, it will be a single core with many different functionality applications. 🔷 The bot has an opportunity to earn a larger amount of GRANDs for completing tasks, than it was possible previously. 🔷 Work on the software improvement continues. 🔷 Project chats are aligned with the project goals. Admins are still being interviewed. If the chat is not useful for the project — it will be deleted. 🔷 We invite everyone willing to take part in the “Let’s give the world 10 million trees” campaign. All promotion participants will have the opportunity to become the NFT token of the planted tree owners. In this direction our platform is a flagship, a pioneer in the crypto industry.
Do you remember that the whole world perceived with doubt and apprehension the newly appeared e-mail.👇🏻 “I don’t need it, I’m happy with what I have. “ “It’s too complicated. Maybe someone will use it, but not the majority. “ “It will come to naught sooner or later. “ “I don’t understand how it works, which means it’s not worth my attention.”
Do these objections remind you of anything? You are absolutely right, these phrases are most often used by people who doubt cryptocurrency prospects. 🪙 Further cryptocurrency development is inevitable, no matter how anyone treats it. 💯
But you can pay attention to this area and start developing in this direction right now.
The initiative is expected to last about six months and will have a flexible investment structure.
Investments will be possible in tokens, fiat, convertible instruments, loan, credit line, etc.
In addition to Binance, IRI members include Jump Crypto, Polygon Ventures, Aptos Labs, Animoca Brands, GSR, Kronos, and Brooker Group, which have made initial commitments of about $50 million.
150 applications from companies wishing to provide support have also been received.
Binance states that the objective of the new initiative is to support the most promising and high-quality companies and projects created by leading professionals and entrepreneurs, which have experienced significant short-term financial difficulties due to market circumstances.