Goldman Sachs, "blockchain as a potential business risk" and Fintech company Circle bought Poloniex

According to the Feb. 26 filing Goldman Sachs said , "We may be, or may become, exposed to risks related to distributed ledger technology through our facilitation of clients' activities involving financial products linked to distributed ledger technology, such as blockchain or cryptocurrencies, our investments in companies that seek to develop platforms based on distributed ledger technology, and the use of distributed ledger technology by third-party vendors, clients, counterparties, clearing houses and other financial intermediaries."

A Goldman Sachs-backed tech company, Boston-based financial-technology company Circle just bought a major crypto exchange Poloniex. for a reported $400 million. The deal likely makes Circle a unicorn (if it wasn't already). In July 2016 - before the bitcoin boom of 2017 - Circle was valued at $480 million. A unicorn is a private company worth more than a $1 billion. Notably, Circle counts investment bank Goldman Sachs as a a strategic backer.