top-crypto-news.org
No Result
View All Result
  • Home
  • Bitcoin
  • NFT
  • DeFi
Bitcoin ticker
Bitcoin
$30577
BTC
Ethereum ticker
Ethereum
$2087.23
ETH
BNB ticker
BNB
$307.64
BNB
Cardano ticker
Cardano
$0.58199
ADA
Solana ticker
Solana
$56.35
SOL
Bitcoin ticker
Bitcoin
$30577
BTC
638.13
  • Home
  • Bitcoin
  • NFT
  • DeFi
No Result
View All Result
top-crypto-news.org
No Result
View All Result
top-crypto-news Banking and Payments

Goldman Sachs grants a first loan backed by Bitcoin

Alex Coin
April 30, 2022
Reading Time: 3 mins read
0
bitcoin-unsplash
What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

El prestatario colocó su Bitcoin como garantía para recibir dinero en efectivo. El movimiento es última señal del interés de Wall Street por las criptomonedas.

RELATED POSTS

Spotify tests NFTs and Morgan Stanley suggests sector could be next to fall after UST

NASDAQ announces partnership with XP to launch new Bitcoin exchange in Brazil

There will be a large meeting of 44 countries on Bitcoin in El Salvador today, announced President Bukele

***

Cryptocurrency-backed loans are becoming a reality on Wall Street.

El gigante bancario de los Estados Unidos, Goldman Sachs has taken another step in the adoption of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies after issuing a first loan backed by Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. (BTC). As reported by Bloomberg the bankconcedió a un prestatario dólares estadounidenses en efectivo a cambio de Bitcoin as collateral collateral is any asset that a lender accepts as a form of security to ensure that the borrower repays a loan. . The funds in the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. were under the ownership of the client.

La nueva opción de préstamos criptográficos parece formar parte de una línea de productos crediticios que está abriendo la institución financiera con más de 150 años de antigüedad. Un portavoz de Goldman commented to CoinDesk about the service:

We recently expanded a secured line of credit in which we lend fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. secured by BTC; BTC is owned by the borrower. The interesting piece for us was the structure and 24/7/365 risk management.

Wall Street explora los cripto-préstamos

Si bien los detalles sobre el nuevo servicio son escasos, la medida se inserta dentro de los esfuerzos más recientes de Goldman to strengthen its presence in the cryptocurrency space. In recent months, the bank has been looking to expand its product offering related to the new asset class.

In March, the institution became into the first major U.S. bank to complete an over-the-counter (OTC) cryptocurrency trade. Specifically, Goldman negotiated an instrument linked to Bitcoin called ‘non-deliverable option’ together with digital asset finance company Galaxy Digital. The bank has already indicated that it is looking for expand its OTC oTC, or ‘Over The Counter’ is trading that happens directly between two parties, with no exchanges or trading platforms involved. offering to Ethereum a decentralized open-source blockchain with smart contracts functionality. .

Most recently, this week, the global head of digital assets at Goldman , Mathew McDermott, adelantó que el banco está exploring the tokens no fungibles (NFT) “ in the context of financial instruments”. and for the “tokenization of real assets” .

The movements are the latest sign that Wall Street is increasingly moving towards cryptocurrencies. Goldman está lejos de ser el único. El banco de inversión Cowen created a digital asset unit in March and the world’s largest manager, BlackRock recently participated in the round of USD$400 million financing para Circle creator of the stable USDC currency.

The names are just a few examples, as well-known banking institutions such as Morgan Stanley y JPMorgan have also forayed into the crypto space, offering exposure to Bitcoin to its high net worth clients.

Goldman seems keen to secure its position in the growing competition from banks to enter the burgeoning market. In addition to the various strategies it has pushed, and having its own cryptocurrency division, the bank has admitted that it is looking to offer a “ full spectrum ” de inversiones en activos digitales, que incluso podría incluir Bitcoin in cash.

The news about the first loan backed by Bitcoin de Goldman comes just a few months after a report from CoinDesk adelantara que al menos a dozen major U.S. banks are exploring cryptocurrencies as collateral for loans . Goldman Sachs was one of those mentioned in that report.


  • American Bank to offer Bitcoin and Ether the form of payment used in the operation of the distribution application platform, Ethereum. trading to customers after partnering with Bakkt
  • Standard Chartered Bank entra en el metaverso
  • JPMorgan CEO Jamie Dimon acknowledges that DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. and blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. are “real technologies” with utility

Article by Hannah Estefania Perez / DiarioBitcoin

Imagen de Unsplash

ShareTweetPin

Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

Related Posts

look-nft-unsplash-canva
Banking and Payments

Spotify tests NFTs and Morgan Stanley suggests sector could be next to fall after UST

May 17, 2022
bitcoin brasil
Bitcoin

NASDAQ announces partnership with XP to launch new Bitcoin exchange in Brazil

May 17, 2022
evento btc
Adoption

There will be a large meeting of 44 countries on Bitcoin in El Salvador today, announced President Bukele

May 17, 2022
open door
Banking and Payments

Japanese bank Nomura launches unit to open doors to cryptocurrency, DeFi and NFT investments

May 17, 2022
Braga Portugal
Adoption

Portugal: apartment was sold for 3 bitcoins thanks to new regulation in the country

May 14, 2022
Ballenas BTC Pixabay
Bitcoin

Whale with over 1,000 BTC wakes up after 8 years of dormancy and moves amidst the fall that shakes the market

May 14, 2022
Next Post
nepal-everest-unsplash

Nepal ratifies Bitcoin ban: blocks cryptocurrency websites and apps

kremlin

Binance blocks accounts of family members of Russian government officials

Bitcoin news

aumento-hash-unsplash

Bitcoin hash rate returns to all-time high despite price pullback

December 8, 2021
stop

SEC formally rejected Bitcoin ETF application filed by WisdomTree

December 3, 2021
wall street unsplash

Goldman Sachs and other Wall Street banks explore Bitcoin-backed loans

December 2, 2021
top-crypto-news.org

Recent Posts

  • Spotify tests NFTs and Morgan Stanley suggests sector could be next to fall after UST
  • Investor who lost $2 million in Terra broke into Do Kwon founder’s home
  • NASDAQ announces partnership with XP to launch new Bitcoin exchange in Brazil

© 2021 top-crypto-news.org

No Result
View All Result
  • Home

© 2021 top-crypto-news.org