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Wall Street Quietly Shelves Its Bitcoin Dreams

by finance.yahoo.com posted 3weeks ago 31 views
Squeamish from the start about pursuing profits in one of the darker corners of finance, established firms this year slowed their already halting efforts to make a business out of Bitcoin mania. Take Goldman Sachs Group Inc., which sought to position itself at the cutting edge of digital assets that skeptics see mainly as a domain of day traders and anarchists. Many in the industry now say it was quixotic to have expected last year’s frenzy to translate into a Wall Street crypto offering.