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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._____
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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
BitNile to Lend Up to $100M to Small Businesses Backed by Own Bitcoin
22.4.2022
Loans will range from $1 million to $25 million and be offered to publicly traded companies under $250 million in market capitalization
Frax, Terra-Backed 4pool Goes Live on Fantom Network, Attracts $31M
21.4.2022
Frax is working on supporting Fantom projects interested in joining the yield pool, its founder confirmed
KuCoin-backed companies launch $100M Web3 developer fund
19.4.2022
The fund will support early-stage NFT projects that are contributing to the growth and development of the Web3 economy
Kevin O’Leary-backed WonderFi to acquire Canadian crypto exchange Coinberry for $38.5M
18.4.2022
WonderFi plans to expand its operations in Canada by acquiring digital asset trading platform Coinberry after its recent Bitbuy acquisition
Rebase Token Carnage: OHM, TIME, KLIMA Down More Than 98% From All-Time Highs
16.4.2022
About four months ago, four of the top rebase tokens by market valuation were worth close to $8 billion in USD value and today, the entire lot of rebase tokens collectively are valued at $1.14 billion. The largest rebase crypto by market capitalization, olympus (OHM), had a $4.3 billion market...
White Star Capital raises $120M for Ubisoft backed Web3 investment fund
12.4.2022
The Web3 tech investment firm will contribute up to $7 million to as many as 25 companies across Europe, Asia, and North America with the new funds
Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels
9.4.2022
Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to protect the nation’s currency as the Bank of Russia revealed a fixed price for gold...