Bitcoin / 629 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 […]
Fidelity To Allow Bitcoin Additions to 401(k) Accounts Later This Year
Cryptocurrency Fidelity Investments will allow U.S. citizens to add bitcoin to 401k retirement accounts later this year. The change brings much more exposure to bitcoin and could spur a new wave of adoption. ETFs are also helping bitcoin make more progress with getting into the mainstream. Fidelity Investments is now allowing its clients to add bitcoin investments to its 401(k) accounts. This is a big step forward for the market and could encourage many to invest in bitcoin by way of wanting to add to their retirement accounts. The Wall Street Journal first broke the news and notes that the […]
Kraken Daily Market Report for April 26 2022
Overview Daily spot trading volume: $1.06 billion, 30 day average spot: $813.9 million. Total futures notional: $211.2 million. The top five traded coins were, respectively, Bitcoin (-5.7%), Tether (0%), Ethereum (-6.6%), USDC (0%), and Dogecoin (-13%). Strong returns from 0x (+6.7%), Air Token (+7.4%), and Kilt (+7.3%). April 26, 2022 $1.06B traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD BTC $38121. ↓5.7% $330.5M USDT $0.9999 ↓0.03% $281.8M ETH $2809.9 ↓6.6% $185.4M USDC $0.9999 ↑0.0% $56.8M DOGE $0.1376 ↓13% $33.4M ADA $0.8259 ↓8.1% $29.4M…
Bitcoin Reclaims $40K, Dogecoin Soars 33% on Musk-Twitter News (Market Watch)
Bitcoin After marking a multi-week low at $38,000, bitcoin went on the offensive and reclaimed $40,000. The altcoins are also well in the green today, with Dogecoin stealing the show following a 33% surge after the Elon Musk-Twitter news. Bitcoin Bitcoin Reclaims $40K The bears had almost complete control over the market in the past several days. It all started on April 21 when the asset was rejected at $43,000 after a few days of price increases. In a matter of hours, the cryptocurrency dumped to $40,000 and even below that level on the following day. The situation worsened yesterday […]
Fidelity to Allow Investors to Add Bitcoin to Retirement 401(k) Accounts
In a first for a major company, one of the largest asset managers in the world – Fidelity Investments – will allow investors to add Bitcoin to their retirement 401(k) plans. Reports from earlier today revealed that Fidelity has stated that some of the 401(k) it administers plan to soon offer employees means of investing in Bitcoin through dedicated “digital asset accounts.” Fidelity Investment reportedly has $4.2 trillion worth of assets under management. Speaking on the matter was Dave Gray – the company’s head of workplace retirement offerings and platforms, who said: Fidelity believes that blockchain technology and digital assets […]