Michael Novogratz and Bradmer Pharmaceuticals to create crypto bank
Novogratz has recently stated that he’s willing to stake his entire cryptocurrency net worth of $400 million, and team up with Bradmer Pharmaceuticals, in order to establish a cryptocurrency retail bank, which was described by observers as the Goldman Sachs’ equivalent of the cryptocurrency economy.
Microsoft stops then starts using bitcoin again
Microsoft stopped accepting bitcoin payments a week ago. However, the ban on bitcoin lasted only a week, after which bitcoin payments were resumed. The company cited “instability” as the reason behind the short-lived ban.
Chinese government plans to end mining operations
The Chinese government has advised cryptocurrency miners in the country that they should plan on ceasing mining operations by January 10th. This comes after China’s blanket ban on cryptocurrencies in September, 2017.
Bitcoin is real money, says Goldman Sachs
Goldman Sachs recently acknowledged the value of bitcoin, following a long dispute over its utility in everyday life. Despite the encouraging acknowledgment, the report cautions investors against expecting the same growth that was experienced particularly by bitcoin in 2017.
