Search
China Backed Publication: Terra LUNA Crash Vindicates Country’s Ban on Crypto-Related Activities
16.5.2022
An op-ed article published in the state-backed Chinese publication Economic Daily, has suggested that the recent crash of the Terra blockchain’s LUNA and the de-pegging of the UST stablecoin vindicate the Asian country’s decision to ban crypto-related activities. In the article,...
Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries
16.5.2022
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to...
Coinbase Ventures Backed Startup to Build Pan-African Crypto Exchange With $23 Million Capital Raise
13.5.2022
The African startup, Mara, recently said it has raised about $23 million in funding from organizations ranging from Coinbase Ventures to individual angel investors like Amit Bhatia and Hamad Alhoimaizi. Mara has also partnered with the Central African Republic (CAR) and will act as an adviser...
Warren Buffett-Backed Nubank Launches Crypto Trading — Holds Bitcoin on Balance Sheet
13.5.2022
Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, has launched cryptocurrency trading. Starting with bitcoin and ether, the bank explained that its 54 million customers can “buy, hold and sell cryptocurrency all from the same app, with no need to open...
Backed by Coinbase and Alameda, African exchange MARA eyes continental prospects
11.5.2022
Africa’s booming crypto ecosystem welcomes a new exchange platform MARA with backing from the likes of Coinbase Ventures and Alameda Research
Saylor Defends Microstrategy’s BTC-Backed $200M Loan
11.5.2022
The business intelligence software provider MicroStrategy recently got a $205 million loan from the Silvergate Bank. The move soon faced criticism from investors as they were concerned about the company’s Bitcoin position during margin calls. Now, CEO Michael Saylor assured that the company...
Coinbase took out the first Bitcoin-backed loan from Goldman Sachs
4.5.2022
The largest exchange in the U.S. has taken out a loan from Goldman collateralized in Bitcoin as a Wall Street first, paving the way for others to follow
Weiss Ratings Report Claims Crypto-Backed Home Loans Spell Trouble
3.5.2022
A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages “spell risk.” Weiss editor Jon D. Markman said backing a mortgage with crypto is an “interesting strategy,” but stressed that during these market conditions...
SEC Nearly Doubles Its Crypto & Cyber Unit, The Other Side Of Goldman's Bitcoin-Backed Loan + More News
3.5.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._____
...
Read More: SEC Nearly Doubles Its Crypto & Cyber Unit, The Other Side Of Goldman's Bitcoin-Backed Loan + More News
India Exploring Commercial Uses for Central Bank Digital Currency, Says Finance Minister
1.5.2022
The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that the aim is for the digital rupee, which will be backed by the Reserve Bank of India (RBI), to...
World Bank Predicts 3% Gold Price Growth, Expert Says a $3K per Ounce ‘Is More Likely Than Not’
30.4.2022
The World Bank has said it expects the price of gold to rise by 3% in 2022 but warned the price might fall sharply if the Russian central bank decides to offload large quantities of the commodity. The Russian Factor After the price of gold surged past the $2,000 mark in early March, a new […]
Global Investment Bank Goldman Sachs Offers Its First Bitcoin-Backed Loan
30.4.2022
Global investment bank Goldman Sachs has reportedly offered its first-ever loan backed by cryptocurrency. The cash loan was collateralized by bitcoin owned by the borrower. A spokesperson for Goldman Sachs explained that the deal is interesting to the investment bank due to its structure...
Goldman Sachs Confirms It Granted a Lender a Bitcoin-backed Loan
29.4.2022
The American investment banking heavyweight Goldman Sachs has granted a customer a cash loan backed by bitcoin (BTC).
Bloomberg reported that Goldman Sachs had confirmed that it had lent cash in a deal that was “collateralized by bitcoin owned by the borrower,” per “a spokeswoman for...
Goldman Sachs offers first Bitcoin-backed loan as Wall Street embraces crypto
29.4.2022
Goldman Sachs has offered its first Bitcoin-backed loan, showing further signs of increased interest in cryptocurrency from Wall St institutions
Goldman Sachs Makes Its First Bitcoin-Backed Loan: Report
28.4.2022
The global investment bank allowed a borrower to use the cryptocurrency as collateral for a cash loan
Buenos Aires to accept crypto for tax payments, launch DLT-backed citizen profiles
28.4.2022
Blockchain and virtual currencies are set to become vital part of the Argentine capital’s 12-step digital transformation effort
Propy partners with Abra to provide crypto-backed real estate loans
28.4.2022
Cryptocurrency investors now have more options for purchasing property without having to sell their digital assets outright
Propy Teams With Abra to Offer Property Purchases Backed by Crypto
28.4.2022
Propy earlier this year sold an NFT-backed home for $650,000
Bitcoin Miner CleanSpark Raises $35M in Equipment-Backed Debt From Trinity Capital
26.4.2022
Equipment-based financing is becoming an increasingly popular option for mining firms to fund their growth
Bitcoin's Correlation With Gold-Backed PAXG Token Weakens to Record Low
26.4.2022
Bitcoin's inverse correlation with PAXG represents the leading cryptocurrency's recent behavior as a risk asset rather than a store-of-value