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Crypto Finance News

Goldman Sachs Plans On Opening A Cryptocurrency Trading Desk

On this Monday, April 23rd, it was reported that Goldman Sachs, a major US investment bank, hired an expert in cryptocurrency trading and was evaluating the possibility of opening a cryptocurrency trading desk.

According to the sources, this trader is Justin Schmidt and joined the ranks of Goldman Sachs the previous week with the position of vice president and leader of the area of cryptocurrencies markets of this firm. Also, spokespersons of the company explained that this is the first time they hired an expert in cryptocurrencies and that they have made this decision due to the growing interest that their clients have in the cryptocurrency trading.

On the other hand, according to sources related to Business Insider, Schmidt would join Goldman Sachs to explore the options the company can have in the cryptocurrencies market, including the launch of a desk of cryptocurrencies investments.

Goldman Sachs would be the first bank in the US to implement a cryptocurrency trading desk

If the possible launch of a trading desk focused on cryptocurrencies materializes, Goldman Sachs would be the first US bank to offer this service to its clients.

Rumors of a possible opening of a cryptocurrency trading desk by Goldman Sachs have been heard since last December since Bloomberg published an article claiming that this bank was planning to launch this trading desk but, back then, officials from Goldman Sachs denied these rumors.

Goldman Sachs already offers its clients some services related to cryptocurrencies since it offers exposure to its clients of the future Bitcoin (BTC) contracts launched by CBOE and CME Group, that is, so far the role of Goldman Sachs in the cryptocurrency market.

Just last week, it became known that Barclays, an investment services company based in London, was studying the launch of its own cryptocurrency trading desk, which would be the first of its kind in Europe. So, more than one important financial institution is evaluating offering this type of services to its clients. We shall see if Goldman Sachs will implement such a crypto-related service soon.

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Crypto

Ripple (XRP) To Reach $1 – XRP Is Sustained By The Community And Cryptocurrencies Traders

Since Friday, the cryptocurrencies market has gained a lot, with all the big crypto coins registering major gains. Bitcoin (BTC), for example, has raised over $8,800 and is trading now at $8,882, with a 0.41% loss. In general, all the other cryptos followed the BTC uptrend and traded higher than last week. The same is applicable to Ripple (XRP) which has a positive sentiment surrounding it. Can XRP reach $1?

Well, as almost all the crypto coins are trading higher, this might be seen as a gain as a market, more than a gain of a particular asset. However, some assets behave better, while others registered losses.

Just as a short reminder, today, Ethereum (ETH) is trading at around $639 and gained 0.14$, Bitcoin Cash (BCH) $1,368.49 and gained 10.60%, while Litecoin (LTC) has gained 0.52% and is trading at $150.

Ripple (XRP) Price

The positive cryptocurrencies market’s momentum helped Ripple (XRP) to rise above $0.90, a price above which XRP hasn’t been since March.

Currently, Ripple (XRP) is trading at $0.86, registering, at this moment, a 2.21% loss. Despite this slight downtrend, XRP is expected to go towards $1.

Some more optimistic analysts have even stated that XRP can double its price in the near future, so, it is clear that the Ripple (XRP) is recovering faster.

Ripple (XRP) is surrounded by a bullish sentiment

Many traders consider that XRP will consolidate above $0.90, in short-term, but, on the other hand, without maintaining the level above $0.83, Ripple (XRP) will fall towards $0.77.

Also, it seems that the cryptocurrencies traders consider that Ripple (XRP) will uptrend. More specifically, around 78% of them think that XRP is going to hit $1 level soon. Thus, the Ripple (XRP) is surrounded by a bullish sentiment which might indeed keep the coin in its uptrend.

In conclusion, Ripple (XRP) is sustained by the community and the cryptocurrencies traders and this is a very important piece of the puzzle for the coin to gain even more. Therefore, it is possible that XRP to trade around $1 soon.

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Crypto Finance

Blockchain Technology, Implemented By The Main Banking Entity In The United Arab Emirates, Emirates NDB

One of the main banking entities of the United Arab Emirates (UAE), the Emirates NBD bank, has recently published a full-scale application, for the first time on its platform, that uses the Blockchain Technology to authenticate checks – the Check Chain service.

According to the official statement, the Check Chain service processed approximately 1 million checks using the blockchain technology to verify the authenticity, in the first month of operation. A commitment to the Blockchain that seeks to significantly strengthen the administrative processes of risks and security, focusing on the reduction of checks fraud, a problem that has affected the Emirates NBD for years.

The financial institution believes that this adoption will improve the security standards within its corporation, Emirates NBD Group, and throughout the banking sector of the United Arab Emirates. Since its trial stage, this application has worked in different banking institutions in the region, such as Emirates Islamic.

Check Chain platform is part of the UAE’s wider plan of the blockchain technology adoption

Check Chain works by including a QR code to each printed check, accompanied by random 20 characters. These characters, along with the QR code, will be registered in the blockchain to authenticate and track the origin of the check at the time of use, in order the use of false checks.

This innovation is part of the United Arab Emirates strategy to become a nation that uses blockchain technology to carry out most of its transactions. This nation has already implemented this technology in various social sectors.

The Check Chain platform, implemented by Emirates NBD, is, at the moment, a blockchain technology that has not been replicated elsewhere. This platform invites technological developers to adapt to the principle of the blockchain to satisfy the needs that different sectors, financial or not, require. Innovation is the key to a more secure future.

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News

Xbox Live Gold Free Games This May

It looks like Microsoft has finally decided to announce the list of games that are going to be free during the month of May this year for their Xbox consoles. Prepare for a lineup that has so many interesting games on it that you are bound to find at least one that you love to play, have played before and want to go through the story again or that you have never played but that you have always wanted to. The decision is all up to you!

Games for Xbox One

Microsoft has just announced in a sneak peak trailed that Super Mega Baseball 2 is going to be available to play for the whole month of May. You may find yourself falling in love with this game, as you get to choose your own teams of players and compete in rounds of baseball that are bound to be both fun and entertaining. Now, if this is not really your kind of game, Microsoft also made Metal Gear Solid V: The Phantom Pain available from the 16th of May up to the 15th of June. This game will allow you to have the freedom to try out different tactics and different moves in an open-world game filled with action.

Games for the Xbox 360

It is only fair that Xbox 360 join in on the fun which is why Microsoft offers two awesome games for players. The first one is the Sega Vintage Collection: Streets of Rage, which will be available from the 1st to the 15th of May. Here you get to fight your way towards the rightful path of justice. Last but not least, between the 16th of May and up to the 31st of the month, Xbox 360 users have the option to play vanquish, a tactical shooter game that is going to keep you on the edge of your seat with all the action that it is packing.

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News Tech

Samsung Galaxy A5 (2017) Comes with Android Oreo and New Features

Since Android Oreo came with a number of features that people have instantly fallen in love with it is expected that Samsung is going to slowly work to adapt their operating system to other phones that they have come up with and this time it looks like Samsung Galaxy A5 (2017) is going to be on the receiving end of this update.

The Oreo update

The specific model that the company is targeting is the SM-A520F. Users from Russia have already reported that they have received the update this week. Since introducing such an update to a phone that is sold worldwide to a large number of users, it is expected that within a couple of weeks everyone that owns an A5 will receive the update notification for the Android 8.0 Oreo version.

Samsung Galaxy A5’s past

When the phone got introduced on the market back in January 2017, it came with the Android 6.0.1 Marshmallow and it, later on, got the upgrade to the Android 7.0 Nougat operating system. We think that the update to the Android 8.0 Oreo is going to be the last one in this series, with possible securities updates to follow in the next couple of months, as we have grown accustomed to.

Samsung has promised that phones that have been released from 2015 and up will receive two operating system upgrades and three years of security updates. And when it comes to the A5, it looks like they stayed true to their promise, with the first update being Android Nougat and the latest being Android Oreo. Now if they will also stick to their security patch update period then we can safely say that users of Samsung Galaxy A5 will be safe and sound from security threats up until 2020, after that it is their responsibility to protect their phones or upgrade to another one, if they so desire.

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