ÐIGITΛL ΛSSΞTS EÐUCΛTION LLC: Former Goldman Partner Owns 30% of Crypto Exchange

Thursday, July 15, 2021

Former Goldman Partner Owns 30% of Crypto Exchange

JUST IN — An investment firm owned by billionaire J. Christopher Flowers now owns a 30% stake in #Bitcoin exchange LMAX.

He was the one of the youngest Goldman Sachs partners in history pic.twitter.com/GqDd6E1ZTL
— Bitcoin Magazine (@BitcoinMagazine) July 15, 2021

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What Is Bitcoin BTC?

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.

Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”

Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.