On Wednesday, Galoy, a California-based payment solutions platform that offers lightning as a retail payment system, announced the launch of Stablesats, a Bitcoin-backed synthetic U.S. dollar product ...
Tag: BTCbacked
MicroStrategy denies receiving a margin call against $205M BTC-backed loan
? Want to work with us? CryptoSlate is hiring for a handful of positions! Business intelligence company MicroStrategy claims it has not received a margin call against the $205 million Bitcoin (BTC)-ba...
Saylor Defends Microstrategy’s BTC-Backed $200M Loan
The business intelligence software provider MicroStrategy recently got a $205 million loan from the Silvergate Bank. The move soon faced criticism from investors as they were concerned about the compa...
Coinbase Uses Goldman Sachs’ First Bitcoin (BTC)-Backed Loan Product: Report
The largest cryptocurrency marketplace in the US is using Bitcoin (BTC) as collateral to get funding from a leading Wall Street bank. According to a new Bloomberg report, Coinbase put up an undisclose...
Coinbase Collateralized Bitcoin for the First BTC-Backed Loan by Goldman Sachs
Wall Street banking giant Goldman Sachs announced that its first-ever Bitcoin-backed loan was lent to Coinbase. However, neither of the two has disclosed the amount and other details regarding the dea...
Goldman Sachs recently offered its first Bitcoin (BTC)-backed loan
Goldman Sachs has announced the availability of its first-ever lending facility backed by Bitcoin (BTC), Bloomberg reported. This marks a big step forward for the major U.S. bank and accelerating Wall...