Private Equity Moris Beracha Wuani

By  Vildana Hajric| Bloomberg Greg Tusar, the former global head of electronic trading at Goldman Sachs Group Inc., is excited about digital assets despite the horrific year for cryptocurrencies. “It feels like being at the early days of trading equities electronically,” said Tusar, who serves as chief technology officer and is a co-founder of Tagomi Holdings. “It’s early stage, there’s a lot of opportunity to build great businesses and have impact.” Tagomi, which bills itself as the first live electronic brokerage offering prime services, has begun executing client trades. Tusar is working alongside co-founders Jennifer Campbell, who is serving as chief executive officer, and Marc Bhargava, the company’s president. The platform combines liquidity across different exchanges and offers more trade reporting and transparency to customers such as hedge funds and high net-worth individuals, the trio said in an interview. Crypto invest...

By Michael del Castillo  /Forbes Marwan Forzely has come a long way since his days at Western Union. The serial entrepreneur, who sold his previous company to Western Union to help the money-transfer giant directly connect to customer bank accounts, has raised $25 million to cut intermediary banks out of the payment process altogether. Instead of relying on a series of correspondents to move money between different jurisdictions around the world, Marwan’s latest venture, Veem, uses bitcoin to directly connect its clients’ bank accounts with suppliers and customers. While neither counterparty is required to directly hold bitcoin, and an algorithm automatically routes transactions along the most efficient payment rails, more than half the transactions processed by Veem rely on the cryptocurrency as a replacement for correspondents. Led by banking giant Goldman Sachs, with GV (formally Google Ventures), Kleiner Perkins, Silicon Valley Bank, Trend ...

Billy Bambrough Bitcoin has seen quite a heavy sell-off over the last 30 days but that was preceded by a bull run, leaving the bitcoin price more-or-less flat — and reminding investors to take a wider view of market movements. Despite hitting highs of almost $7,500 earlier this month, the bitcoin price has dropped back to just over $6,300 today — pretty much exactly where it was some 30 days ago. There were fears in early September bitcoin, as well as other major cryptocurrencies including ethereum, ripple, and litecoin, were going into freefall as investors panicked over whether the much anticipated institutional money that many have been expecting to be injected into the market will actually appear. That sudden sell-off now seems to have stabilized — with many still feeling positive a major bitcoin exchange-traded fund (ETF) could be approved this month by the U.S. Securities and Exchange Commission (SEC). Elsewhere, the New York ...