Goldman Sachs Makes Case Against Bitcoin in Client Call – May 28

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$9,244

Bitcoin price has risen 1% today, as it appears to find some stability above the $9,000 mark.

Top-20 altcoins have mostly traded flat, as Ethereum remains almost unchanged, XRP falls 1% and Coin is the largest mover, with a 2% drop.

Top Stories for May 28, 2020 🔥

👉 Goldman Sachs Makes Case Against Bitcoin in Client Call

Goldman Sachs presented their case against including Bitcoin in client portfolios in their much-anticipated client-facing call today.

The bank stated that Bitcoin and the cryptocurrencies in general were “not appropriate as an asset class”, nor a viable investment vehicle at present. Reasons cited were asset volatility, unstable correlations with other assets and lack of evidence as a hedge against inflation.

👉 Crypto-Powered Browser Brave Beats Zoom to Encrypted Video Calling

Crypto-powered web browser, Brave, launched encrypted in-browser video calling today, beating Zoom to the punch for the feature.

The service is named “Brave Together” and enables users to make unlimited encrypted video calls between two parties. Calls hosting more than two participants are currently being tested by the company.

👉 Russia’s Largest Bank to Purchase Almost 5,000 Blockchain-Enabled ATMs

Sberbank, Russia’s largest bank, is reported to be spending over $100 million on 4,917 blockchain-enabled ATM machines, with specific requirements.

The ATM machines have been requested to have built-in, specialized graphics cards – a feature which experts claim are most likely designed to mine cryptocurrency.