Goldman Sachs Considering Bitcoin is Exactly How Best Wallet Is Slated to Reach $4.4bn of the Non-Custodial Market
December 11 2024 - 8:37AM
NEWSBTC
Sentiment from the head of a Wall Street giant signals good news
for the cryptocurrency economy. Goldman Sachs CEO David Solomon has
said that the investment banking major would evaluate trading
cryptocurrencies should US regulations permit the bank to do so.
“At the moment, as a regulated banking institution, we’re not
allowed to own a cryptocurrency like Bitcoin as a principal,” he
said at a Reuters Next conference, held on Tuesday, 10 December.
“We give our clients advice around a variety of these technologies
and these issues, and will continue to do that. But for the moment
our ability to act in these markets is extremely limited from a
regulatory perspective.” Interestingly, Goldman Sachs disclosed in
its recent US Securities and Exchange Commission (SEC) 13F filing
that the company holds more than $700M in eight Bitcoin ETFs, as of
September 20, 2024. So, it would appear that at long last,
corporate attitudes to crypto are finally changing. Even US
President-elect Donald Trump has positioned himself as a champion
of cryptocurrency. The launch of a strategic national crypto
stockpile was among the promises made by Trump in the run-up to the
2024 election. Removing Gary Gensler – the nemesis of crypto
companies due to his aggressive approach to crypto regulation –
from his position as SEC Chairman was another. A Green Light for
Ripple’s Stablecoin Means Meme Coins Pump The big news for the
cryptocurrency economy keeps on rolling, as Ripple CEO Brad
Garlinghouse recently announced that its $RLUSD stablecoin has been
approved by the New York Department of Financial Services to go
live. Pegged to the US dollar at a 1:1 ratio, $RLUSD will be
supported by a combination of US dollar reserves, short-term US
Treasury securities, and other liquid assets, mirroring Tether’s
approach to backing. $RLUSD is set to be launched on the XRP ledger
in Ethereum. In all, the latest developments are great news for the
economy, cryptocurrency holders, and the likes of Best Wallet.
Powered by Best Wallet’s $BEST token – currently in presale with an
impressive $3.34M already raised – Best Wallet plans to capture 40%
of the crypto wallet market share by end-2026. Best Wallet is
mobile-first, fully non-custodial app supports thousands of
cryptocurrencies, including the best meme coins, across 50 major
blockchains. But it’s that non-custodial aspect that sets Best
Wallet apart. Most crypto wallets are controlled by centralized
companies or exchanges, whereas Best Wallet gives users full
control over their wallet. And that’s in addition to reduced
transaction fees, early access to presales, and airdrops. It’s also
the first crypto wallet to use Fireblocks’ MPC-CMP wallet
technology, which adds high security, zero counterparty risk, and
multi-blockchain support. All things considered, we believe $BEST
is worthwhile looking into. Investors have just under two days to
secure $BEST at its current price of $0.23075 before the next price
increase. Bear in mind, though, this article does not constitute
financial advice, and it’s always important to DYOR.
Ethereum (COIN:ETHUSD)
Historical Stock Chart
From Nov 2024 to Dec 2024
Ethereum (COIN:ETHUSD)
Historical Stock Chart
From Dec 2023 to Dec 2024