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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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
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
Creator of Wall Street’s ‘Fear Index’ joins ‘Crypto Volatility Index’ as advisor
The Crypto Volatility Index (CVI) project, an open-source decentralized finance protocol backed by blockchain protocol COTI, is adding professor Dan Galai, the co-creator of the VIX, into its board of advisors, as per a release.Galai will assist the CVI team in establishing the protocol as the market standard for a crypto analog of the VIX.What’s the crypto volatility index?The … [Read more...] about Creator of Wall Street’s ‘Fear Index’ joins ‘Crypto Volatility Index’ as advisor
‘Wolf of Wall Street’ Jordan Belford is urging followers to pump Dogecoin
Jordan Belford, the infamous penny stock guru, is urging his 422,000 Twitter followers to pump the prices of Dogecoin and a few other altcoins, a recent tweet showed.“If you want Pump, 5 DAYS. Get me to 500K follows by 5/1,” he tweeted, adding the tickers of meme currencies Dogecoin (DOGE) and Safemoon (SAFE) and US stocks GameStop (GME) and AMC Entertainment (AMC).If you want … [Read more...] about ‘Wolf of Wall Street’ Jordan Belford is urging followers to pump Dogecoin