Goldman Sachs open a bitcoin trading desk, ASX to implement DLT in 2020, Binance Q1 profits of $200M

The News

• Goldman Sachs announced they will open a bitcoin trading desk, becoming the first Wall Street bank to do so. nytimes
• The ASX are going to implement a digital ledger system in 2020 to settle the $2 trillion Australian equities market. It will reduce the settlement time to one day. afr
• Binance, the world’s largest exchange reported $200 million in revenue for Q1, 2018. btcmanager

Capital

• Shivom completed a $35M ICO to create a blockchain-based digital genome repository. shivom

Adoption

• BMW, Ford, General Motors and Renault have joined forces to create blockchain standards to enable payments and data-sharing between cars. coindesk
• ANZ and IBM are developing a blockchain solution to improve data transfer and payments in the insurance industry. anz
• Dubai’s government revealed a blockchain commercial registry to facilitate foreign direct investments. mediaoffice.ae

Market:

• The bull market has continued this week, with the market up 10% and rising past $450B. Bitcoin was up 4% and is sitting at $9,600 USD. Ethereum performed better, finishing the week 14% up at $775 USD.