Altcoin News Official Today TheBitTimes.com

Goldman Sachs China growth projections have been revised higher after the surprise US-China deal to cut each other’s tariffs. The investment bank now expects China’s GDP growth forecast to rise to 4.6 percent in the year 2025 up from its initial projection at 4%. Currently, this development is coinciding with the easing of trade tensions and thus may help stimulate China’s economic recovery and market confidence. Also Read: Global Financial Authority IIF Endorses XRP as Swift Alternative for Payments Tariff Relief Boosts China’s GDP, Trade Outlook, And Market Confidence Source: Watcher Guru Key Forecast Revisions Source: Mint Goldman Sachs has also revised its China growth outlook to 2026 at 3.8% up from 3.5%. The revision is a sign of increasing optimism over China’s mid-term outlook despite still falling short of Beijing’s 5% target for 2025. Currently, the tariff reduction impact has managed to impact the financial markets instantly and with rather obvious positive implications...

Goldman Sachs COO John Waldron could become the investment banking giant’s next leader, and he is talking up his banking customers’ considerable demand for bitcoin (BTC). Waldron is working on BTC-related services that he hopes will help the firm capitalize on a new regulatory regime that has seen restrictions on digital asset-supporting financial institutions lifted. Waldron wants Goldman Sachs to engage in the sector like never before. For example, the bank recently restarted its digital asset trading desk, and in early March, his team of crypto traders started dealing in BTC futures and non-deliverable forwards. A source familiar with the matter said that the firm was also looking into other blockchain-based projects and central bank digital currencies (CBDCs). Waldron has been floated as a strong candidate to replace David Solomon as Goldman Sachs’ CEO. He previously turned down a lucrative opportunity to join Apollo Global Management, opting to remain at Gol...

SUI crypto price prediction takes center stage as former Goldman Sachs executive Raoul Pal signals potential explosive growth in the cryptocurrency market. With blockchain scalability and crypto market volatility driving investor interest, Pal’s Analysis points to significant upside potential for this emerging digital asset. The focus on SUI crypto price prediction adds more weight to Pal’s assertions. Also Read: Bitcoin Reclaims $101,000: Will BTC Hit $140,000 Next? Why SUI Could Hit $1.80 Amid Crypto Market Volatility & Security Risks Source: Cryptonomist Pal’s Analysis Points to Major Breakout Source: CoinCodex Raoul Pal, CEO of Real Vision, sees SUI as a strong player ready for big gains. SUI trades at $5.07 now. Pal says it’s “pressing its nose against the ceiling” and ready to “go into hyperspace.” He backs this view because SUI keeps doing well against Solana, Ethereum, and Bitcoin. The token’s strong market position comes f...

Fnality, a fintech firm specializing in tokenizing major currencies backed by central bank cash, has raised $95 million in a Series B round led by Goldman Sachs and BNP Paribas. According to a report on Nov. 14, Fnality, the London-based blockchain payments firm, raised another $95 million in its second round of funding. Besides Goldman Sachs and BNP Paribas, the fundraising attracted participation from settlement houses such as Euroclear and the Depository Trust and Clearing Corporation. WisdomTree, a global exchange-traded fund firm, and existing investor Nomura also contributed to the investment . The latest investment round also witnessed continued support from initial backers, including Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, ING, Lloyds Banking Group, Nasdaq Ventures, State Street, Sumitomo Mitsui Banking Corporation, and UBS. UBS and other global banks invested $63.2 million in Fnality in June 2019, aiming to launch a blockchain-based trade settlement pla...

With $158 million of total capital raised since 2019, Fnality plans to launch the Sterling Fnality Payment System in 2023, subject to approval by the Bank of England. Global investment bank Goldman Sachs and French universal bank BNP Paribas have reportedly led a new funding round for Fnality, a blockchain -based wholesale payment s firm backed by Nomura Group. Fnality has raised 77.7 million British pounds ($95.09 million) in a second round of funding , Reuters reported on Nov. 13. In addition to Goldman and BNP Paribas, the fund raise involved participation by settlement houses like Euroclear and Depository Trust and Clearing Corporation. Other investors included the global exchange-traded fund firm WisdomTree and Fnality’s existing investor Nomura. There was also additional investment from initial round backers Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, ING, Lloyds Banking Group, Nasdaq Ventures, State Street, Sumitomo Mitsui Banking Corporation and UBS. As previo...