Photo: Chesnot/Getty Images

Bitcoin prices declined sharply — as did Ethereum and Ripple — following a Business Insider report that Goldman Sachs will abandon its plan to launch a desk dedicated solely to trading cryptocurrencies, though Goldman Sachs' CFO Martin Chavez has since called that report "fake news" at the TechCrunch Disrupt Conference in San Francisco. Chavez added the bank did not provide a firm timeline for its cryptocurrency efforts.

Why it matters: Goldman's plan to open the desk was seen as a vote of confidence for cryptocurrencies, but, given the uncertain regulatory environment, cryptocurrency investors remain cautious about the prospect of mainstream institutions entering the space.

Editor's note: This post has been updated to reflect comment from Goldman Sachs' CFO Martin Chavez.

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Trump pushes back on changes to upcoming presidential debates

Photo: Jim Watson, Saul Loeb/AFP via Getty Images

President Trump suggested Thursday that he'll resist any moves that could cut off candidates' microphones in the next debate if he continues to talk over his opponent and the moderator.

  • "Why would I allow the Debate Commission to change the rules for the second and third Debates when I easily won last time?" he tweeted.

The big picture: White House and campaign officials insist Trump is still committed to two remaining debates, despite fallout from Tuesday including poor reviews and discussions of new guardrails.