• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Breaking News: BREAKING: Binance CEO CZ Steps Down As Part Of $4 Billion Settlement
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Binance CEO CZ Steps Down As Part Of $4 Billion Settlement
Bitcoin BTC BTCUSD

Why Goldman Sachs Took Part In Blockdaemon Investment Round

Reynaldo Marquez by Reynaldo Marquez
2 years ago
in Blockchain
0

Goldman Sachs doubles down on its crypto bet. In April, the banking institution allowed its wealthiest clients to invest in Bitcoin-based investment products, relaunch its crypto trading desk, and has been opening to this asset class.

Now, Goldman Sachs participated in blockchain infrastructure provider Blockdaemon’s $28 million Series A investment round. Led by Greenspring Associate, BlockFi, Uphold, Voyager Digital, Illuminate Financial, Goldman Sachs, and others, according to a press release.

Blockdaemon has seen important growth over the past year with $5 billion in staked assets. By the end of 2021, the company projects $50 billion in staked assets. Their products are leverage for over 25 million registered users.

In the same period, Blockdaemon has deployed over 10,000 nodes across 40 blockchain-based networks. These nodes are in over 20 regions around the world. In addition, the company has expanded its staff on an executive level to improve its operations.

The success of this series A round, according to the press release, demonstrates the institutional demand for access to “secure blockchain infrastructure. The company has the objective of “revitalizing” the legacy financial system and its services. Konstantin Richter, CEO, and Founder of Blockdaemon said the following:

This funding represents a significant milestone for Blockdaemon. With investment from industry leading financial technology providers and VC firms, this round will enable us to further expand our node infrastructure services, add to our growing team, and strengthen our presence in emerging markets across the globe while deepening our existing strategic relationships with global financial institutions.

Richter added that Blockdaemon offers its client a “simplified” gateway into the blockchain industry with the tools to “scale up operations”. Goldman Sachs could be especially interested in the latter.

Goldman Sachs Bets On Crypto Goin Mainstream?

Blockdaemon allows its institutional customers, such as Goldman Sachs, to stake and deploy nodes. The company offers secure, scalable, and “reliable” services.

By acquiring them, a corporation has access to Ethereum’s Beacon Chain (Eth 2.0), Bitcoin and its Lightning Network, Cardano, Polkadot, Cosmos, and many others. The services are provided via cloud and “on-premises” with the Blockdaemon Marketplace. Oli Harris, North America head of digital assets at Goldman Sachs, added the following:

Blockchain is a key driver of innovation in the financial services industry and Blockdaemon is powering its infrastructure. We are excited to join them as they continue to provide institutional-grade blockchain technology to all that want to leverage it.

The banking institutions have also invested in crypto research firm Coin Metrics. Goldman Sachs led a $15 million Series B back in May. At the time, Mathew McDermott, Global Head of Digital Assets at the bank, said that data is critical for crypto mainstream adoption.

Bitcoin trades at $33,500. The first cryptocurrency by market cap has experienced a lot of volatility in the past day after losing critical support at $35,000. This level has now been flipped into resistance and will need to be reclaimed before BTC’s price can resume bullish momentum.

Goldman Sachs Bitcoin BTC BTCUSD
BTC with some bullish momentum in the daily chart. Source: BTCUSD Tradingview
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Reynaldo Marquez

Reynaldo Marquez

As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.

Related Posts

OpenChat

Testing the Waters: OpenChat To Experiment With Facial Recognition In Blockchain

1 week ago
Blockchain

World Bank Blockchain Bond Debut – Why It’s A Pivotal Moment For Digital Assets

1 month ago
Blockchain

Blockchain: A $2.1 Trillion Boost To Global GDP By 2030 – Report

1 month ago
2023's Blockchain Gaming Investment

2023’s Blockchain Gaming Investments: Riding High Or Losing Steam?

2 months ago
blockchain

Philippine Blockchain Week Addresses Miss Universe Coin Fraud Allegations

2 months ago
Paxos Report: Is Blockchain The Next Step For Global Remittances?

Paxos Report: Is Blockchain The Next Step For Global Remittances?

3 months ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
Inmerion
Inmerion

Press Releases

  • New Investment Opportunities Arise, Overshadowing Cardano...

    2 hours ago
  • ChatGPT Predicts New Year Prices for Dogecoin, Nugget Rush...

    5 hours ago
  • These Altcoins Can Potentially Outshine BTC in 2024 Despite...

    6 hours ago
  • USDT Rewards, Staking, and More: Learn How You Can Earn...

    12 hours ago
  • Didn’t Catch the Bitcoin Wave? Here’s Why Rebel...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
      • Non Gamstop Casinos
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.