Goldman Sachs To Spend Tens Of Millions On Discounted Crypto Firms – December 6

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $17,005

Bitcoin price continues to hover around the $17,000 mark, as the market appears to remain in an indecisive area.

Top-20 altcoins have also remained stagnant, as Ethereum and BNB each move less than 1%, Dogecoin drops 3% and Solana is the sole gainer with a 2% recovery.

Top Stories for December 6, 2022 πŸ”₯

πŸ‘‰ Goldman Sachs To Spend Tens Of Millions On Discounted Crypto Firms

Investment bank giant Goldman Sachs is reportedly looking to spend “tens of millions of dollars” on crypto firms impacted by the FTX implosion.

Goldman’s head of digital assets, Mathew McDermott, says that the company sees some “really interesting opportunities,” with much more sensible valuations in the current bear market.

Crypto exchange FTX filed for chapter 11 bankruptcy protection last month, with effects extending market-wide to other firms, especially crypto lenders.

πŸ‘‰ ConsenSys Updates MetaMask & Infura Privacy Policy After Backlash

Blockchain company ConsenSys, who built and run the popular MetaMask wallet and Infura infrastructure, has updated its privacy policy following backlash over collecting wallet and IP address data.

ConsesnSys says that it plans to delete user data after one week, highlighting that the data is never sold to third parties. Data is only collected when transactions are made.

πŸ‘‰ Ledger To Launch New Device Designed By iPod Inventor

Hardware wallet company Ledger is launching a new wallet created by iPod inventor, Tony Fadell. The device, called the Ledger Stax, is credit card-sized and will feature an e-ink touch screen.

The device is optimized for ease-of-use and allows users to view NFTs (in black and white), manage their coins, and connect to the Ledger Live mobile app for swaps, staking and on-ramp services.