TOP CRYPTO NEWS — May 3, 2018

1. Goldman Sachs to Begin Bitcoin Futures Trading

Investment banking giant Goldman Sachs will use its own money to trade bitcoin futures on behalf of its clients, according to the New York Times. The Times reported Wednesday that while the exact launch date of the new trading operation is not yet set, the move came after the bank’s board of directors signed off on the initiative. Goldman is also set to “create its own, more flexible version of a future, known as a non-deliverable forward, which it will offer to clients,” according to the report. Read more at CoinDesk.

2. Reddit to Reintroduce and Expand Crypto Payments to Litecoin and Ethereum

The online social news forum Reddit appear to have plans to relaunch cryptocurrency payments in the future. The news comes less than two months after the platform initially stopped supporting Bitcoin as a funding method. The Reddit platform provided an early hub for those interested in Bitcoin. The site first began accepting Bitcoin for its premium membership back in 2013. Higher tier users would benefit from a lack of adverts, personalised avatars, and access to some private subreddits. The privilege would set them back around $30. Read more at NewsBTC.

3. Telegram cancels its much-hyped initial coin offering

Secure messaging service Telegram is canceling its initial coin offering (ICO), an anonymous source told The Wall Street Journal today, and it won’t be opening up its digital coins for public sale. The cancellation is a blow to public investors who hoped to get in on the ground floor of one of the largest cryptocurrency investment opportunities in history, with an estimated $1.7 billion already raised. Read more at The Verge.