April 2022 / 132 posts found
Goldman Sachs Offers First ‘Bitcoin-Backed’ Loan; Crypto-Backed Real Estate is Now a Thing.
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 use bitcoin (BTC) as collateral for a cash loan. Under this arrangement, a bitcoin holder is able to obtain fiat money – U.S. dollars in exchange for putting up their BTC as collateral to the bank. Consequently. if the price of bitcoin drops, the borrower may be required to increase their collateral. In the event they fail to put up the necessary collateral, they risk liquidation. Goldman Sachs joins […]
Riot Blockchain Announces Plans for a 1 GigaWatt Bitcoin Mining Farm in Texas
Bitcoin Quick take: Riot Blockchain has announced that it plans to develop a 1 GigaWatt Bitcoin mining facility in Navarro County, Texas The facility is part of its Bitcoin mining and hosting expansion plans, aptly named ‘The Expansion’ The Expansion will start with an initial 400 MegaWatt facility on a 265-acre site and is expected to commence in July 2023 The additional 600 MegaWatt will be added in the future via the 345 kV Navarro switch The publicly traded Bitcoin mining and hosting services provider of Riot Blockchain has announced plans to develop a 1 GigaWatt (GW) BTC mining facility […]
Bitcoin Could Hit $1M and Gold $10k to $20k by 2030 – Former Bitmex CEO
Summary: Arthur Hayes has forecasted that Bitcoin could get to $1 million and Gold to $10,000 to $20,000 by the end of the decade Mr. Hayes’ forecast of Bitcoin and Gold is based on an event he describes as ‘the Doom Loop’ The Doom Loop is when the US Federal Reserve starts to pay ‘more in interest on its debt than it receives in tax receipts’ Accommodating the Doom Loop will involve the Fed easing its measures in fighting inflation The Co-founder and former CEO of Bitmex, Arthur Hayes, has forecasted that Bitcoin could get to $1 million and Gold […]
The Goal Loophole
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