Goldman Sachs is among a handful of tier-one U.S. banks figuring out how to use bitcoin as collateral for cash loans to institutions, according to three people familiar with the plans.Banks such as Goldman will not touch cryptocurrency spot markets but lean towards synthetic crypto products such as futures. Emulating tri-party repo type arrangements (a way of borrowing funds by … [Read more...] about Goldman Sachs, Other Wall Street Banks Exploring Bitcoin-Backed Loans: Sources
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Fashion Street Estate in Decentraland purchased for 618,000 MANA in record breaking sale
A sought-after plot of land in Decentraland has been sold for an estimated $2.4 million dollars (618,000 $MANA) in cryptocurrency. As Decentralands monthly users are expected to reach an all-time high of 300k this month it is not surprising that so many individuals and organizations want a piece of the action.NFT action on DecentralandThe momentum is steadily building for … [Read more...] about Fashion Street Estate in Decentraland purchased for 618,000 MANA in record breaking sale
Crafting Tokens Both Wall Street and Washington Can Love
Permissioned blockchains are, of course, nothing new. JPMorgan, Citigroup, Wells Fargo and dozens of other financial institutions already use them, and by all accounts, they function perfectly well as internal, proprietary distributed ledgers. But that doesn’t mean they can support securities that meet the U.S. Securities and Exchange Commission’s Howey Test. While stablecoins, … [Read more...] about Crafting Tokens Both Wall Street and Washington Can Love
Street art NFT exhibition to launch in physical showroom in Riga
A physical showroom for nonfungible tokens is set to open in Riga, Latvia, where NFTs of street art from around the globe will be put on display. The gallery is being launched by Kiwie 1001, an NFT project born from the Latvian street art collective of the same name. Submissions are open to anyone who wishes to enter, and pieces can be submitted via the project’s Discord … [Read more...] about Street art NFT exhibition to launch in physical showroom in Riga
Wall Street veteran says these Tether risks are behind crypto market selloff
Wall Street veteran says these Tether risks are behind crypto market selloff Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Caitlin Long, the founder of crypto bank Avanti Bank and a leading blockchain advocate, took to Twitter yesterday to explain the market sell-off, linking it to stablecoin issuer … [Read more...] about Wall Street veteran says these Tether risks are behind crypto market selloff