After 147 Years, Goldman Sachs Hangs a Shingle on Main Street

  • DealBook | After 147 Years, Goldman Sachs Hangs a Shingle on Main Street
  • Goldman Banker in Document Leak Case Avoids Prison MARCH 22, 2016
  • Mr. Scherr is working closely with the head of technology at Goldman, Marty Chavez, who has been trying to open up the bank to new customers and business strategies.
  • If Goldman wants to be a retail bank for every six-pack Joe, I wish them a lot of luck, because they will need it.”
  • The first big test will come later this year when Goldman starts offering a lending product targeting people who need relatively small personal loans of around $15,000 to $25,000.

Read the full article, click here.


@brianeklein: “Will 1 bitcoin get me in the door?”


The elite Wall Street institution now sees growth opportunities in catering to the everyday people it has avoided through its history.


After 147 Years, Goldman Sachs Hangs a Shingle on Main Street

Gundlach: Central banks don’t understand their policies—and ‘they’re out of control’

Gundlach: Central banks dont understand their policiesand theyre out of control #bitcoin

  • Central bankers will probably still believe in negative interest rates for some time, but will come to the conclusion that “they just haven’t done enough of it,” Gundlach projected.
  • Chief among the policy mistakes, Gundlach said, is negative rates.
  • Those bankers will figure out the actual consequences of their policies, and call for fiscal stimulus: “When that comes, that’s when the game will change,” Gundlach said.
  • “When you go to negative interest rates, you do not stimulate consumption, you necessitate saving,” Gundlach said.
  • Negative interest rates are the definition of deflation.”

Read the full article, click here.


@bitcoinagile: “Gundlach: Central banks dont understand their policiesand theyre out of control #bitcoin”


Central banks are “out of control” because they don’t understand their own policies, according to Jeffrey Gundlach, DoubleLine Capital CEO.


Gundlach: Central banks don’t understand their policies—and ‘they’re out of control’

Hacker May Have Taken $50 Million From Cybercurrency Project

Ethereum Hacked! Hacker moved $50M+ worth of Ethereum from The DAO project

  • Paper Points Up Flaws in Venture Fund Based on Virtual Money MAY 27, 2016
  • DealBook | Hacker May Have Taken $50 Million From Cybercurrency Project
  • Programmers with Slock.it wrote the code for the D.A.O. but said they had no formal continuing role with the project.
  • The D.A.O. was supposed to act like a sort of venture capital fund, investing in projects that were voted upon by people who contributed money.
  • â The D.A.O. is being attacked,â Griff Green, a community organizer with the company that wrote the projectâ s software, Slock.it , wrote on a chat channel for the project on Friday morning.

Read the full article, click here.


@PKGulati: “Ethereum Hacked! Hacker moved $50M+ worth of Ethereum from The DAO project”


The project, known as the Decentralized Autonomous Organization, sent out emergency alerts about Ether, an alternative to Bitcoin.


Hacker May Have Taken $50 Million From Cybercurrency Project

Hacker May Have Taken $50 Million From Cybercurrency Project

  • Paper Points Up Flaws in Venture Fund Based on Virtual Money MAY 27, 2016
  • DealBook | Hacker May Have Taken $50 Million From Cybercurrency Project
  • Programmers with Slock.it wrote the code for the D.A.O. but said they had no formal continuing role with the project.
  • The D.A.O. was supposed to act like a sort of venture capital fund, investing in projects that were voted upon by people who contributed money.
  • â The D.A.O. is being attacked,â Griff Green, a community organizer with the company that wrote the projectâ s software, Slock.it , wrote on a chat channel for the project on Friday morning.

Read the full article, click here.


@nathanielpopper: “That $150 million Ethereum crowdfunding project, the D.A.O.? It appears to be over after a massive hack this morn-”


The project, known as the Decentralized Autonomous Organization, sent out emergency alerts about Ether, an alternative to Bitcoin.


Hacker May Have Taken $50 Million From Cybercurrency Project