Goldman Sachs ... Ripple ... Cryptocurrency market

#cryptocurrency #crypto
Speaking to Reuters, Goldman Sachs head of assets and cryptocurrency Matthew McDermott explained that the bank is paying close attention to a number of cryptocurrency firms, noting that the implosion of FTX has increased the need for more reliable and regulated cryptocurrency operators. , explaining that he sees this as an opportunity to increase the volume of Goldman Sachs' business in the market at very reasonable prices.

#cryptocurrency #crypto #ripple #xrp
The COO of blockchain firm Chia Network, Gene Hoffman, predicted in a tweet on which side will prevail in Ripple's case with the SEC, which extends for the third year in a row, saying in his tweet, "The only outcome is that a federal judge will issue a ruling." Ripple's sales of XRP have turned XRP into a security.

#cryptocurrency #crypto #ripple #xrp
The tech entrepreneur also criticized Ripple for misleading many within the cryptocurrency community, saying that it was a shame that so many in Ripple misled so many on this issue, and that very few of the 100 largest currencies are not securities in the United States.
It is noteworthy that the CEO of Ripple, Brad Garlinghouse, said earlier that he expects the court to issue its ruling in the Ripple case with the SEC during the first half of next year.

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Immediately after the FTX crash, it was observed that the positive relationship between cryptocurrencies and stock markets collapsed. However, the continuation of the hawkish monetary policies of the central banks of the major economies around the world, especially the US Federal Reserve, is creating selling pressure on risky assets, and thus with the easing of the pace of rate hikes, this may revive the crypto market after the crises that befell it in recent times. Therefore, the flow of data from the macroeconomic side is one of the issues that the markets take into consideration.

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