The tumble in cryptocurrencies that erased nearly $500 billion of market value over the past month could get a lot worse, says Goldman Sachs Goldman Sachs’ Steve Strongin was more upbeat about the blockchain technology that underlies digital currencies, saying it could help improve financial ledgers. Photo: AFP Panasonic P100 With 4G VoLTE Support and Fingerprint Scanner Silently Introduced at Rs 5,299 Hong Kong: The tumble in cryptocurrencies that erased nearly $500 billion of market value over the past month could get a lot worse, according to Goldman Sachs Group Inc.’s global head of investment research. CCI imposes Rs 135.86 crore penalty on Google for search bias Most digital currencies are unlikely to survive in their current form, and investors should prepare for coins to lose all their value as they’re replaced by future competitors, Goldman’s Steve Strongin said in a report dated 5 February. While he didn’t posit a timeframe for losses in...
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