Wall Street


Markets

Bitcoin's Correlation to S&P 500 Hits 17-Month High

The 90-day correlation between the top cryptocurrency and the S&P 500 has risen to its highest level since October 2020.

Bitcoin's fortune appears closely tied to stocks. (Pixabay, modified by CoinDesk)

Markets

Goldman Sachs Conducts First Over-the-Counter Crypto Trade With Galaxy

Michael Novogratz's Galaxy says it's building on the relationship with Goldman as more Wall Street clients seek to push into cryptocurrency trading.

Goldman Sachs Group logo (Daniel Acker/Bloomberg via Getty Images)

Videos

Goldman Sachs to Exit Russia Amid War With Ukraine

As Vladimir Putin continues the invasion of Ukraine, Goldman Sachs plans to exit Russia and is the first Wall Street bank to take such actions. “The Hash” examines the impact this will have on everyday Russian consumers as other American businesses like McDonald’s and Coca-Cola also suspend operations in the Russian Federation.

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Crypto Firms May Look at Traditional Finance Firms as M&A Targets

We asked several industry participants if Wall Street incumbents might start making deals for crypto companies. Some predicted the opposite.

(Daniel Lloyd Blunk-Fernández/Unsplash, modified by CoinDesk)

Videos

Meme Investing: From GameStop to AMC, Did Wall Street Still Win?

In the aftermath of the GameStop short squeeze, Wall Street Journal "Heard on the Street" editor Spencer Jakab discusses the key findings from his new book "The Revolution That Wasn't," explaining that meme investing from retail investors did little to change power dynamics on Wall Street. Plus, his take on Tesla CEO Elon Musk's influence on crypto.

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Markets

There Won’t Be a 'Goldman Sachs Coin' Anytime Soon

The banking giant said last year that it was looking into creating its own cryptocurrency.

Goldman Sachs Group logo (Daniel Acker/Bloomberg via Getty Images)

Videos

New York Senate Confirms New Top Financial Regulator

The New York Department of Financial Services confirmed Adrienne Harris, a former federal official and professor, to run the Wall Street regulator Tuesday. Harris has been serving as the acting Superintendent of NYDFS since her nomination in August 2021. CoinDesk's Nikhilesh De discusses the implications for crypto, fintech, and financial services regulation at large.

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Videos

Could Solana Become the Visa of the Digital Asset World?

The Solana blockchain could become the "Visa of the digital asset ecosystem" as it focuses on scalability, low transaction fees, and ease of use, according to a research note from Bank of America (BoA). The Wall Street titan also noted Solana and other blockchains might even snag market share from Ethereum over time. "The Hash" hosts weigh in on the BoA's assessments.

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Markets

Could These Products Tame Crypto’s Volatility Beast?

Two crypto products launched late last year, targeted squarely at advisors who are concerned about risk-averse clients, purport to ease bitcoin volatility through trading strategies. But there may be other ways to temper volatility risk in cryptocurrencies.

(Roberto Júnior/Unsplash)

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10 Great Novels About Money (and Crypto)

A roundup of books worth reading for Culture Week.

BOLOGNA, ITALY - MARCH 30:  French writer Daniel Pennac poses at Arena Del Sole Theater on March 30, 2010 in Bologna, Italy.  (Photo by Roberto Serra - Iguana Press/Getty Images)