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Goldman Sachs’ Next CEO is Big on Crypto

Now that David Solomon has been confirmed as the new CEO of Goldman Sachs, people who buy bitcoin can expect to see some changes in how the financial institution approaches investments in cryptocurrencies. The change in leadership could also create a ripple effect that influences how other institutions, including the government, view non-fiat currencies like bitcoin.

Goldman Sachs Already Has Some Investments Connected to Bitcoin

During a conversation with Bloomberg, Solomon mentioned that Goldman Sachs already has investments connected to bitcoin in the form of publicly-traded derivatives. The new CEO then revealed that Goldman Sachs is “clearing some futures around Bitcoin, talking about doing some other activities there…”

Some of the bank’s cryptocurrency investments came at the urging of investors who want to explore new opportunities to earn money. The existing investments, however, shouldn’t come as a surprise given that former Goldman Sachs CEO Lloyd Blankfein held a cautiously optimistic view of emerging currencies. While Jamie Dimon, CEO of JPMorgan Chase, called bitcoin a “fraud” and stated that he wouldn’t “talk about Bitcoin anymore,” Blankfein admitted that he had marginal knowledge of the currency and believed that his lack of experience doesn’t reflect negatively on decentralized currencies.

Dimon, by the way, later backtracked on his statement, saying that he regretted calling bitcoin a fraud and admitting that blockchain technology was real. In fact, JPMorgan Chase launched a blockchain-based system capable of reducing the amount of time that it takes to verify global payments from weeks to hours.

Change in Leadership Creates Opportunities for Innovation

Although Blankfein deserves applause for his position, it often takes a change in leadership for large corporations to explore the latest innovations. Solomon seems just like the type of person willing to challenge preconceptions and invest in future blockchain innovations. The 56-year-old investment banker also performs under the name DJ D-Sol. Most of his musical work falls into the electronic dance music (EDM) genre, which suggests that he’s more familiar with technology than the average banker.

Don’t expect Solomon to make sweeping changes, though. As an investment banker, he understands the importance of caution. Each step that Goldman Sachs takes toward investing in crypto will face extreme scrutiny.But if a titan like Goldman Sachs shows that it finds value in crypto, it is likely other institutions will follow suit.

Could Goldman Sachs Influence the Government’s Position on Crypto?

The strong connection between Goldman Sachs and the United States government could also influence how political leaders view non-fiat currencies. If Solomon finds that cryptos offer rewarding opportunities for investors at Goldman Sachs,  his opinion, combined with the SEC’s emphasis on crypto regulation, could prompt many banks and government officials to see digital currencies in a more positive light.

No one knows exactly how the future will unfold. Putting a pro-crypto investment banker in charge of Goldman Sachs, however, shows shifting attitudes. These days, investing in cryptos isn’t just for young, tech-savvy people who spend their whole days on computers. Increasingly, cryptos are becoming valuable investments for all types of people.

Goldman Sachs has confirmed Solomon’s position as CEO, but he will not take the seat until October. Expect to hear a lot about what he plans to do once he takes over the company. A lot of organizations are looking to him to set the right tone to make cryptos even more mainstream.

The bitcoin ira logo sits on a field of white

[Press Release] Stellar Lumens is Now Bitcoin IRA’s Third Most Popular Cryptocurrency

SHERMAN OAKS, Calif.Aug. 8, 2018 /PRNewswire/ — Bitcoin IRA, the world’s largest and most secure cryptocurrency IRA platform that allows customers to purchase Bitcoin and other cryptocurrencies for their retirement accounts, is excited to announce that Stellar Lumens is now the company’s third most popular currency.

“We just launched Stellar Lumens and Zcash this past June, and it’s exciting to see both coins take off so quickly,” said Bitcoin IRA Chief Operating Officer Chris Kline. “With so much momentum in the crypto sector in recent months, I feel confident that the bull market is here to stay.”

To build upon the excitement surrounding the success of the Stellar Lumens launch, Bitcoin IRA put together a comprehensive eBook supplement titled 5 Reasons the Bull Market is Here to Stay: Redefining Retirement with a Bitcoin IRA. These include:

  • Increased Emphasis on Portfolio Diversification
  • Bitcoin ETFs on the horizon
  • Wave of institutional Adoption
  • Support from Silicon Valley
  • The transformational power of blockchain

Don’t miss out on this life-changing opportunity! Bitcoin IRA, the world’s first and largest cryptocurrency IRA platform that allows customers to purchase Bitcoins and other cryptocurrencies for their retirement accounts, to learn more about you can redefine your retirement and diversify your portfolio using cryptocurrencies. Call Bitcoin IRA today at (877) 936-7175.

About is the world’s largest and most secure cryptocurrency IRA platform that allows customers to purchase Bitcoins and other cryptocurrencies for their retirement accounts. The full-service solution includes setting up a qualified cryptocurrency account, rolling over funds from an existing IRA custodian, executing a live trade on a leading exchange and then moving funds into an industry-leading multi-signature digital wallet.

In 2017, has processed over $300 million in investments, gained more than 3,000 customers, and received more than 600 customer reviews. The company has been featured extensively in the media, with coverage in Forbes magazine, CNBC, and The Wall Street Journal, among other publications. is privately funded and based in Los Angeles.


[Press Release] Bitcoin IRA Adds Stellar Lumens and Zcash to its List of Cryptocurrencies

SHERMAN OAKS, Calif.June 19, 2018 /PRNewswire/ —, the world’s largest and most secure cryptocurrency IRA platform that allows customers to purchase Bitcoins and other cryptocurrencies for their retirement accounts, has announced it is adding leading coins Stellar Lumens (XLM) and Zcash (ZEC) to its list of available digital currencies. These new coins join’s other digital offerings including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and Ethereum Classic (ETC).

Stellar Lumens, a decentralized payment network and protocol, has caught the attention of the crypto community due to its unique cross-border transactions as well as its lucrative partnerships with mainstream companies such as IBM and Deloitte. So too has Zcash, the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography.

“As the preeminent company for crypto retirement investments, we’re excited to meet the high demand for both Stellar Lumens and Zcash in the marketplace by making these coins available to customers looking to diversify their retirement portfolios,” said Chief Operating Officer at, Chris Kline. selected these coins based on a variety of factors including customer requests, overall marketplace acceptance, product development progress and regulation factors.

“Both Zcash and Stellar Lumens have established their influence in the competitive cryptocurrency space,” said Camilo Concha, CEO and co-founder of “Zcash’s zero-knowledge cryptography is a powerful solution to privacy concerns regarding visibility of transaction history. And Stellar Lumens, with its impressive partnerships, fast transaction times, and altruistic mission, has also established itself as a valuable currency to look out for.”’s customers benefit from an industry-leading security system and a $1 MillionConsumer Protection insurance policy that covers consumers on the transactional side from any internal cases of fraud or theft.

Consumers can learn more about and its new coin offerings at

About is the world’s largest and most secure cryptocurrency IRA platform that allows customers to purchase Bitcoins and other cryptocurrencies for their retirement accounts. The full-service solution includes setting up a qualified cryptocurrency account, rolling over funds from an existing IRA custodian, executing a live trade on a leading exchange and then moving funds into an industry-leading multi-signature digital wallet.

In 2017, has processed over $300 million in investments, gained more than 3,000 customers, and received more than 600 customer reviews. The company has been featured extensively in the media, with coverage in Forbes magazine, CNBC, and The Wall Street Journal, among other publications. is privately funded and based in Los Angeles.


[Infographic] Top 5 Cryptocurrency Scams

Until recently, the crypto world was relatively unregulated. Unfortunately, this drew an increase of bad actors to the sector. For novice consumers, it could be difficult to know who to trust. Fortunately, the industry has grown increasingly regulated in recent months, but there is still work to be done. Protect yourself and be on guard for these top 5 scams.

Silicon Valley Continues to Invest in Blockchain Technology

Like cloud computing, machine learning, and the internet of things, blockchain technology is on the cusp of transforming the tech world as we know it. IT research and analysis firm Gartner projects that blockchain will add $176 billion of business value by 2025, and then surge more than tenfold to $3.1 trillion by 2030.

Bitcoin and other cryptocurrencies are the most visible applications of blockchain right now, and major Silicon Valley investors are still eager to join the party. Tech venture capital firm Andreessen Horowitz recently announced that it would launch a new investment fund for cryptocurrencies, and PayPal co-founder Peter Thiel has reportedly invested as much as $20 million in Bitcoin.

Yet, the blockchain has serious promise well beyond crypto, and major tech companies are taking notice. IBM has partnered with the non-profit Sovrin Foundation to build a blockchain-based global identity network, helping to reduce fraud and improve trust online. Meanwhile, electronics giant Samsung is considering switching to a blockchain ledger for managing its supply chain, potentially slashing shipping costs by 20 percent.

Let’s take a closer look at three major tech companies that bet big on blockchain technology in recent weeks.


Amazon Web Services has already become one of the leading providers of cloud services, making it simple for even the latest tech-savvy businesses to enjoy all the benefits of the cloud. However, one of the barriers to greater blockchain adoption is that the technology has a steep learning curve.

This May, Amazon announced a new partnership with the blockchain startup Kaleido, so that AWS customers can find it easier to use blockchain in their own businesses. According to a statement released by AWS, the Ethereum-based SaaS (software as a service) Kaleido platform is intended to “help customers move faster and not worry about managing blockchain themselves.”


Facebook, too, is throwing its hat in the ring by launching a small team to explore blockchain technology. The team will be led by David Marcus, former president of PayPal and current vice president of Facebook’s Messenger division and will include staff from Facebook’s Instagram unit.

Although it remains to be seen how blockchain will align with Facebook’s business objectives, the most obvious use is within Messenger itself. Facebook already allows users to send and receive money during a chat, and the company may be looking to expand payment options to Bitcoin and other cryptocurrencies.


Not to be outdone, credit card processor Square is looking to more closely integrate Bitcoin payments into its payment platform. Since the company began allowing Bitcoin trading through its Cash mobile app in January, Square has sold a total of $34.1 million in Bitcoin.

Square founder and CEO Jack Dorsey, also the CEO of Twitter, has revealed his interest in Bitcoin on several occasions. In a recent interview, Dorsey said that he was a “huge fan” of Bitcoin, and hoped that it would one day become the “native currency” of the internet. The end goal, Dorsey said, would be to use the Square app to purchase a cup of coffee using Bitcoin, perhaps without the cashier even being aware of it.

I believe that both Bitcoin and the blockchain technology that powers it are changing the world today. To learn more about how you can diversify your retirement portfolio with Bitcoin and other cryptocurrencies, give one of our IRA specialists a call today at 877-936-7175.

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Trump’s anti-immigration policy is causing the Bitcoin prices to soar and here’s why

During the presidential race, Republican candidate Donald J Trump came out with a set of policies that defined his ideologies and set up the foundation for a successful campaign. The economists around the world were concerned that Trump’s presidency and economic policies would result in a market collapse. Nevertheless cryptocurrency proponents were optimistic about Trump’s presidency as his policies were positive re-enforces for fintech industry. This reflected in the rise of Bitcoin prices when Trump won the elections in 2016.

President Donald Trump took to office in January and started to deliver on his promises right off the bat. Trump has signed an anti-immigrant policy in the first week of administration and this has caused a lot of ruckus amongst the populous. But this event has boosted Bitcoin prices in the most unexpected fashion and has proven positive for cryptocurrency markets. Let’s dive deep into how the policy has affected global markets and Bitcoin prices in particular.

The ban on Immigrants:

President Donald Trump signed an executive order 27th -Friday that indefinitely suspends admissions for Syrian refugees and limits the flow of other refugees into the United States by instituting what the President has called “extreme vetting” of immigrants. The order bars all persons from certain “terror-prone” countries from entering the United States for 90 days. The countries impacted due to the ban are Iran, Iraq, Syria, Sudan, Libya, Yemen and Somalia. The real blow came when even Green Card holders from the respective countries were ordered to be deported when looked into the finer details.

The petition that followed:

The order came as a surprise for many Multi-National Companies that base the core of the structure on the kind of talent diversity offers. The order wasn’t received in good stead by these companies as this would, to a little extent, result in loss of workforce for these companies. To counter these effects, major tech companies like Microsoft and Amazon have launched legal action against the executive order. Both firms have joined the Washington state government in a lawsuit challenging the details within the order. As part of the case, Microsoft, Amazon and also Expedia, are all preparing legal statements saying how the move from Trump has an impact on their business.

How Bitcoin markets benefited:

With corporate giants backing the petition, the global equity markets are in a state of apprehension. The effect of the ban has reflected in the market prices of the stocks of the highly affected companies and continues to remain in that state. With so much uncertainty surrounding the global markets, investors are looking for options to shield their assets from the impending volatility. That is where Bitcoin and Gold come into picture. Bitcoin is the digital analogue of Gold which proved out to be the Safe Haven in 2016 with better returns and non-correlation. On the same accounts, the Bitcoin prices saw a good boost over the weekend with prices approaching all time high again. Will further policies from Trump give Bitcoin the boost to breach all time high? That only time will tell.

Rocket League Tracker gets a new boost with ‘eBoost’ as its official cryptocurrency

The world of eSports depends heavily on player vs player and multiplayer combats at different levels. What makes it even more exciting is to bet proportionately on these combats and reap rewards for ones skill points. While officially various multiplayer games have their own style of reward schemes for various wagers, there has always been a need for a single currency that unites the games on one platform. Venturing out on the same lines, The International eBoost Society has announced a new cryptocurrency for use in eSports field. The eBoost token will be used as an in-game cryptocurrency to facilitate wagering in player-to-player matches. Let’s deep dive into how the currency might be a literal game changer:

About the currency:

eBoost Cryptocurrency

The International eBoost Society is responsible for the creation, maintenance and promotion of the eBoost software token. It was initially used by eSports site Mockit and began its public crowdfunding exclusively at Bittrex. A development team led by cryptocurrency developer Jim Blasko is creating the token. eBoost will be a non-mineable, proof-of-work token, with 100 million coins authorized, up to 20 million of which were scheduled to be sold in a crowdsale.

eBoost in Rocket League:

eBoost in Rocket League provides live tracking for Rocket League ratings with Steam, PlayStation 4 and Xbox. eBoost, the in-game blockchain token for the eSports market, announced that it will become the loyalty token for They plan to complete integration with eBoost in early 2017, coinciding with the launch of their site update and redesign.

“As grows, we require a more secure and decentralized solution for our loyalty tokens to provide our users with the best possible experience and add real-world value to it. After researching our options, we discovered that eBoost will provide the strong technology and versatility to serve as a perfect replacement for our tracker points.” said Daniel Samer, CEO of Rocket League Tracker.

What the future of eSport holds:

Future of eSport

 eBoost allows competitive gamers to bet on their own personal matches in skill-based competitive games. It can be used in applications worldwide, including wagering on eSports where legal. There is a strong possibility that given its flexibility, it will be adopted as the official cryptocurrencies for many games to come in eSports area. With games like ‘Beyond The Void’ going for their own kind of cryptocurrency, an eSport cryptocurrency exchange is surely on the cards.

Here Are Four of The Best Bitcoin Deals in Town

Thanksgiving is over but the 2017 holiday season is just starting out with the usual flurry of holiday shopping activity. Consumers will be scouring the Internet and Brick and Mortar stores today in search of the best Black Friday deals. Next week, there’ll be cyber Monday deals and the sales will continue until the end of the month.

Bitcoin lovers might feel left out because only a handful of stores accept Bitcoins for shopping. However, you can still shop with Bitcoin and find great deals during this holiday season. This post provides insight into four of the best Bitcoin deals available.


opendimeOpendime is offering 15% off its hardware wallet, which it proudly calls Bitcoin Stick. The hardware wallet is a small USB stick that doubles as a hardware wallet. You can use Opendime to store your Bitcoin as a wallet, you can spend Bitcoin with Opendime and you can check your Bitcoin balance by just plugging the Bitcoin Stick into a computer.

Opendime prides itself on compatibility with fundamental Bitcoin features. It provides a physical representation of Bitcoin because you can simply pass it along without miner fees or confirmation delays. The firm says, “Opendime is a small USB stick that allows you to spend Bitcoin like a dollar bill. Pass it along multiple times. Connect to any USB to check balance. Unseal anytime to spend online. Trust no one.”

Crypto Jeweler

Crypto Jeweler is offering 25% to 50% discounts on its products and there’s another 25% discount on its holiday collection. Crypto Jeweler says, “you can buy quality silver, gold and diamond jewelry using traditional payment methods or through the power of peer-to-peer crypto currencies” such as Bitcoin.


Founded in 2014, Crypto Jeweler is the first digital currency jewelry store in the world. Crypto Jeweler provides price quotes on its jewelries in both BTC and fiat currencies. Hence, you’ll know how much you are about to pay for any piece of jewelry per time. Some of the perks of shopping for jewelry on Crypto Jeweler include money back guarantee, authentic products, free and convenient shipping, and a special emphasis on security.


Ledger is also offering a 21% discount on all its products including Ledger Nano and Ledger Nano S. Ledger is a cryptocurrency startup that makes and sells hardware wallet for storing Bitcoin and for making secured digital payments with Bitcoin. The Ledger Nano S works with both Bitcoin and the Ethereum cryptocurrency. Ledger’s cyptocurrency hardware wallets connect to computers via USB and it has a secure OLED display on which you can double check and confirm your transactions.


Ledger boasts of the latest generation hardware in its cryptocurrency wallets. The firm says “you need to protect your confidential data and the access to your funds. With Ledger Nano S, secrets like private keys are never exposed: sensitive operations are isolated inside your hardware wallet within a state-of-the-art Secure Element, locked by a PIN code. Transactions can’t get tampered with; they are physically verified on the embedded screen with a simple press on a button.”


As strange and unbelievable as it might sound, you can actually shop with Bitcoin on Amazon. Amazon has the biggest, most diverse, and most comprehensive Black Friday deals in town. Amazon started offering its deals in the first week of the month and the deals will continue until the last day of the month. and iPayYou are two great products that you use for shopping on Amazon with Bitcoin.

Another great point is that Purse gives you an extra 15% discount in addition to the discounts that Amazon already offers. iPayYou considers itself the world’s easiest, safest, and most useful Bitcoin wallet. Using iPayYou’s Amazon Direct you can access all the great deals on Amazon and pay with Bitcoin this holiday season.

With iPayYou, It’s Getting Much Easier To Buy Stuff on Amazon Using Bitcoin

Bitcoin investors, traders, and stakeholders would be heading out for the Thanksgiving holidays with a piece of good news today. iPayYou has just announced a way for consumers to buy items on Amazon using Bitcoin through  a service called Amazon Direct. Amazon Direct makes it easier to shop on the world’s biggest online store for everything using Bitcoin.  More so, the service is another step forward in the bid to make Bitcoin the default currency of the world.


Here’s how to shop on Amazon using Bitcoin

Now, you can shop on Amazon using iPayYou – you can easily transfer any amount of Bitcoin from your BTC wallet to Amazon. With Amazon Direct, all you need to do is to transfer your Bitcoin to the required account and voila, you’ll have USD in your Amazon account to spend when shopping. The launching of Amazon Direct at this time is strategic and it will meet the needs of shoppers just in time for the holidays.

The National Retail Federation has forecasted that U.S. shoppers will spend an average of $935.58 during this year’s holiday season. The average spend by shoppers in the 2016 holiday season is 3.6% more than the average spending in the 2015 holiday season. More interesting is the fact that the federation submits that online sales will increase by 10% this year to $117 billon. A decent part of that holiday spending can now be spent using Bitcoin through Amazon Direct.

Gene Kavner, the current CEO of iPayYou is a former worldwide director at Amazon and he knows the right doors to knock. In a press release, Kavner observed that “during my time as an executive at Amazon, we closely studied the friction points and obstacles faced by shoppers, including and especially with payments. Bitcoin is a solution to so many of those problems. That’s why today, in time for the holiday season, we’re launching the most direct way to spend bitcoin anywhere, starting with the world’s largest retailer.”

Here’s what happens under the hood with Amazon Direct

From the foregoing, it is obvious that Amazon Direct provides simple way to shop on Amazon using a Bitcoin wallet. Most users won’t really know about the heavy lifting that goes on under the hood before they can shop on Amazon with Bitcoin. Here’s what we know about what goes on under the hood of Amazon Direct.

To start with, Amazon Direct works because iPayYou purchases digital gift card balances through a Washington-based firm called ACI. iPayYou then transfers the balances on the gift cards it purchased to your personal Amazon account. Of course, you won’t even know that gift cards were involved in operation of Amazon Direct unless you check through your transaction history on Amazon.

iPayYou however goes a step further to ensure that the value of the USD balance in your Amazon account fluctuates in line with how Bitcoin (BTC) trades in the market. iPayYou is working on  solution to lock in the USD-BTC conversion balance for users who would prefer to have a fixed dollar amount in exchange for their BTC. However, for now, the value of the Amazon balance will fluctuate with Bitcoin prices when you use Amazon direct.

Nonetheless, Amazon Direct remains the best solution for shopping on Amazon with Bitcoin. iPayYou CEO, Gene Kavner observes that “We’ve removed a lot of complexity compared to other options… We actually transfer funds from iPayYou’s bank account to Amazon. They don’t even know it’s bitcoin.”

iPayYou and Amazon – Bitcoin Becomes Useful