Posts From King World News

A major bank just backed Bitcoin – can it get its mojo back?

Goldman Sachs will be the first major bank to invest heavily in Bitcoin, giving the cryptocurrency a much-needed shot in the arm. Sachs has secured a partnership with Chinese investment firm, IDG Capital Partners, claims The New York Times. This partnership will lead a $50 million investment into startup Circle Internet Financial which wants to use Bitcoin’s technology to improve consumer payments. The massive hype around Bitcoin in 2013 has