Google-Backed Fintech Startup Uses Bitcoin for Cross-Border Settlement

Veem, a cross-border payments platform that uses bitcoin to move funds among businesses without the need of banks, has raised $25 million in a round led by Goldman Sachs, according to Forbes. The service, which does not require either counterparty to hold bitcoin directly, has quadrupled its revenue in the past year. Also participating in the […]

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Goldman Sachs Isn’t Launching a Bitcoin Trading Desk (Because It Already Owns One)

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Recently, Goldman Sachs chief executive Lloyd Blankfein shot down longstanding rumors that the investment bank was launching a cryptocurrency trading desk. Now, we know the reason why: the bank already owns one. Goldman Sachs ‘Not’ Launching Bitcoin Trading Desk As early as […]

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