Ex-VP of Goldman to Join Novogratz's Bank, Bloomberg Says

According to the informed sources of Bloomberg, Digital Galaxy Bank got another experienced team member
10 April 2018   422

The post of the COO of the cryptocurrency bank Digital Galaxy, founded by investor-billionaire Mike Novogratz, will be occupied by former vice-president of Goldman Sachs Richard Kim. This is reported by Bloomberg with reference to informed sources.

A resident of London, Kim will join Galaxy Digital in the coming weeks and will most likely move to New York. As noted by another source, in Goldman Sachs Kim played an administrative role in the currency business and was among those who worked on launching the project on crypto trading.

Richard Kim is not the first who left Goldman Sachs and gone to work in the crypto industry. So, in January, Michael Buchella, who held a number of administrative positions in the bank, joined the BlockTower Capital crypto investment fund as head of business development.

Additionally, one of the co-founders of BlockTower was Matt Goetz, who left Goldman Sachs last year. James Radecki, another former employee of the Wall Street bank, left the institution in 2016 and currently works as head of business development at Cumberland Mining, one of the largest firms engaged in trading in crypto-currencies.

In addition, in addition to Novogratz himself, who worked at Goldman Sachs in the 1990s, Luka Jankovic, a former hedge fund analyst, is currently working at the Digital Galaxy crypto bank.

JPMorgan Coin May be Used by Consumer

This is siad by the Jamie Dimon, CEO of leading US financial holding
27 February 2019   264

JPMorgan, the leading US financial holding company, can significantly expand the scope of JPM Coin's own stablecoin. About this in an interview with CNBC, said the CEO of the investment bank Jamie Dimon.

According to him, in the future, JPMorgan Coin can be used not only for domestic and commercial payments, but also for consumer ones.

JP Morgan Coin could be internal, could be commercial, it could one day be consumer.

Jamie Dimon

CEO, JPMorgan

It is worth noting that initially the bank considered three areas of use of steyblkoin related to the internal activities of the bank: as a tool for making international payments to corporate customers, for instant settlement on securities and for replacing customer dollars of custodial services.

Most likely, in the early stages of development, JPMorgan coins will adhere to this very plan.