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Cryptocurrency News Update (6 Aug 2018)

|Includes: Bitcoin USD (BTC-USD), ETH-USD, GS
Summary

Bank of Thailand Allows Banks to Open Subsidiaries for Crypto Dealings.

Goldman Sachs Investment Strategy Group: ‘Crypto Mania’ a Risk to Stable 2018 Outlook.

Bitcoin Whale’s Bad Trade Leaves Counterparties Holding the Bag.

Bank of Thailand Allows Banks to Open Subsidiaries for Crypto Dealings: Thai banks can now issue digital tokens, provide crypto brokerage services, run crypto-related businesses, and invest in cryptocurrencies through subsidiaries.

Goldman Sachs Investment Strategy Group: ‘Crypto Mania’ a Risk to Stable 2018 Outlook: GS highlights “cryptocurrency mania” as one of several factors that could affect their initial market outlook for this year. The investment bank expects cryptocurrency markets to “further [decline] in the future given our view that these cryptocurrencies do not fulfill any of the three traditional roles of currency.

More here: https://trackrecordasia.com/cryptocurrency/cryptocurrency-news-update-6-aug-2018