BitMEX co-founder and crypto veteran Arthur Hayes is proposing an idea for a new Bitcoin (BTC)-backed stablecoin. In a new blog post, Hayes tells his 67,000 followers that the collapse of crypto-frien...
Tag: BitcoinBacked
BitMEX Co-founder Arthur Hayes Proposes Bitcoin-backed Stablecoin
22 seconds ago | 2 mins read Exchange News Arthur thinks the crypto community can build a USD equivalent without using the USD. NakaDollar would first include establishing a blockchain-based DAO. Naka...
BitMEX Co-Founder Proposes Bitcoin-Backed Stablecoin
Even if authorities are increasing their scrutiny of stablecoins, the community’s persistent interest in stablecoins that are not related to the U.S. dollar is illustrated by Hayes’ idea f...
Arthur Hayes Proposes Bitcoin-Backed Stablecoin NakaDollar
Arthur Hayes, the co-founder of cryptocurrency derivative trading platform BitMEX, has proposed a new type of stablecoin, NakaDollar (NUSD), which would be backed by bitcoin (BTC) and bitcoin derivati...
BitMEX co-founder Arthur Hayes proposes Bitcoin-backed stablecoin ‘NakaDollar’
Ad BitMEX co-founder Arthur Hayes has proposed a Bitcoin-backed dollar-pegged stablecoin NakaDollar (NUSD) which would be backed by $1 Bitcoin and one inverse perpetual swap of BTC against USD. In a M...
Babel Finance Hopes On Bitcoin-Backed Stablecoin To Repay $766 Million Debt
– Advertisement – Summary: Babel Finance plans to repay creditors with a two-prong approach – a decentralized finance platform and a crypto-backed stablecoin token. The troubled crypto len...
El Salvador’s contentious bitcoin-backed Volcano Bonds
Last week, El Salvador moved one step closer to issuing its contentious bitcoin-backed ‘Volcano Bonds.’ The country’s Legislative Assembly passed a legal framework for issuing blockchain-based digital...
El Salvador’s Bitcoin-Backed Bonds Inch Closer After Greenlighting Digital Asset Bill
El Salvador faced a tough year after making Bitcoin legal tender in the country. But the country’s Legislative Assembly voted to pass a historic – Digital Asset Issuance legislation – that is expected...
El Salvador Makes Way For Bitcoin-Backed Bonds In Landmark Move
In a landmark move, El Salvador has opened the doors for issuing a Bitcoin-backed bond called the “Volcano Bond.” The legislation, called the “Digital Asset Issuance,” will also look to create a regu...
El Salvador’s Crypto Law Allows Bitcoin-Backed Bonds
El Salvador has recently passed historic legislation that will provide the legal basis for a Bitcoin-backed bond to be issued in the country. This bond, also known as the “Volcano Bond,” w...
El Salvador to soon issue Bitcoin-backed bonds- Here’s everything you need to know
El Salvador’s Minister of the Economy Maria Luisa Hayem Brevé presented a digital assets issuance bill in the legislative assembly, in order to launch Bitcoin-backed bonds. The plan was announced in N...
Interlay launches Bitcoin-backed stablecoin iBTC on Polkadot network
Interlay has launched a wrapped Bitcoin asset called interBitcoin (iBTC) on the Polkadot chain. The product intends to widen BTC use “for DeFi, cross-chain transfers, NFTs, and more.” iBTC is already ...
Galoy Introduces Bitcoin-backed Synthetic Dollar Pegged to USD
9 hours ago | 2 mins read Bitcoin News Galoy also announced a $4 million capital raising to support the development. Stablesats’ source code may be seen on GitHub and on a dedicated website. The Light...
Fintech Firm Galoy Raises $4 Million, Startup Introduces Bitcoin-Backed Synthetic Dollar Product – Bitcoin News
On Wednesday, Galoy, the firm behind El Salvador’s Bitcoin Beach Wallet, announced that the company raised $4 million in funding in an investment round led by Hivemind Ventures. On the same day, the s...
Banking Platform Galoy Raises $4M for Bitcoin-Backed Synthetic Dollar
“Bitcoin has brought digital transactions to previously unbanked communities across Latin America, Africa and beyond,” said Galoy CEO Nicolas Burtey in a press release. “However, its volatility makes ...
Visa promotes crypto shopping in Dubai with the new Bitcoin-backed TDC
As crypto trading grows in popularity, large financial institutions like Visa see the perfect opportunity to get involved in the technology. Although virtual commerce is going through an unfavorable t...
Michael Saylor Defends Bitcoin-Backed Loan
Key Takeaways Michael Saylor wrote on Twitter today that MicroStrategy could easily supply more Bitcoin to cover the necessary collateral in the event of a margin call. MicroStrategy has borrowed $205...
Senator Elizabeth Warren Leads Inquiry Into Fidelity’s Bitcoin-Backed Retirement 401(k) Account
In the wake of the launch of a Bitcoin-focused 401(k) account- a retirement plan- in the United States by Fidelity Investments, two Senators – Elizabeth Warren of Massachusetts and Tina Smith of...
MicroStrategy says it may explore more ‘yield generation opportunities’ following bitcoin-backed loan deal
MicroStrategy announced its first-quarter financial results for 2022 on Tuesday, reporting $119.3 million in revenues for the period. The firm, which holds more than 129,000 BTC on its balance sheet, ...
Coinbase And Goldman Sachs Join Forces On First Bitcoin-Backed Loan
Coinbase, one of the biggest crypto exchange platforms, has used Bitcoin as collateral for a cash loan with Goldman Sachs; terms as to the number of loans or interest rates are undisclosed as of this ...
Coinbase was the recipient of Goldman Sachs’ Bitcoin-backed loan
Goldman Sachs recently made headlines for issuing its first loan backed by Bitcoin as collateral. It has now been revealed that Coinbase, the largest cryptocurrency exchange in the US, was the mystery...
Coinbase took out the first Bitcoin-backed loan from Goldman Sachs
America’s largest crypto exchange Coinbase has been revealed as the mystery firm that took out Wall Street’s first Bitcoin-backed loan from Goldman Sachs. Goldman Sachs has $2.5 trillion assets under ...
Goldman Debuts Bitcoin-Backed Loan
Alex Dovbnya Goldman Sachs has extended its cryptocurrency push by offering a Bitcoin-backed loan U.S. banking giant Goldman Sachs, which has roughly $2.5 trillion worth of assets under management, ha...
Global Investment Bank Goldman Sachs Offers Its First Bitcoin-Backed Loan – Finance Bitcoin News
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 ...
Goldman Sachs offers first Bitcoin-backed loan as Wall Street embraces crypto
Goldman Sachs has offered its first Bitcoin- (BTC)-backed loan, in a major step forward for institutional cryptocurrency adoption on Wall Street. A spokeswoman from Goldman told Bloomberg that the mu...
Bitcoin-backed Loan Offered by Global Investment Firm Goldman Sachs
6 hours ago | 2 mins read Editors News Loans may also be used to make purchases, another frequent use case. The borrower does not have to worry about the tax ramifications. When you put up your bitcoi...
Goldman Sachs Is Bringing bitcoin-Backed Loans To Traditional Finance
Lending and borrowing have become words that are associated with Bitcoin. This is the same with traditional finance where lending and borrowing remain a big part of the ecosystem. However, there has n...
Goldman Sachs executes its first Bitcoin-backed loan
TL;DR Breakdown Goldman Sachs collateralizes Bitcoins for money loans The investment bank and other banks on Wall Street are expanding their presence in the crypto space. Banks all across the globe ha...
Wall Street Giant Goldman Sachs Makes History, Offers First Bitcoin-Backed Loan
In the latest hint that Wall Street is pushing farther into crypto, Goldman Sachs has offered its first bitcoin-backed loan. Goldman Sachs Makes History In order to aid to the institutional adoption o...
Goldman Sachs Offers Its First Bitcoin-Backed Loan
The move is a significant step for the investment bank as Wall Street continues to embrace digital assets. According to a spokesperson for the bank, the secured lending facility loaned cash collateral...
Wall Street Powerhouse Goldman Sachs Offers Its First Bitcoin-Backed Loan
Wall Street powerhouse Goldman Sachs has offered its first ever Bitcoin-backed loan to a client. According to a Bloomberg report on Thursday, the banking giant’s secure lending facility allowed a borr...
Goldman Sachs Offers Its First ‘Bitcoin-Backed’ Loan
Wall Street is moving its feet closer into crypto, as Goldman Sachs offered its first bitcoin-backed loan on Thursday, according to Bloomberg News. The secured lending facility allowed a borrower to u...