America’s largest crypto exchange Coinbase has been revealed as the mystery firm that took out Wall Street’s first Bitcoin- (BTC)-backed loan from Goldman Sachs. Goldman Sachs has $2.5 trillion assets under management as of 2021. Bloomberg reported on Tuesday that the Bitcoin-backed loan issued by Goldman Sachs had been taken out by Coinbase as a way to deepen ties between the crypto and traditional finance (TradFi) world, with the head of Coinbase Institutional Brett Tejpaul stating… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. USDT Dominance, a measure of the crypto market cap possessed by Tether the stablecoin, has been rising toward 5% in the past month. The rise of this dominance metric indicated that market participants preferred to sit on the sidelines rather than deploy their capital. Yet, Monero has seen a strong rally in the past two months, which meant it had buyers at a… Source link

Data shows Ethereum staking has passed another milestone as more than 10% of the total ETH supply is now locked within the contract. Around 12 Million ETH Is Now In The Ethereum 2.0 Deposit Contract As pointed out by an analyst in a CryptoQuant post, the ETH staking rate has observed further surge recently, taking the metric’s value to 10% of the total supply. In case anyone’s not aware of what “staking” is, it’s best to take a look at the “proof of… Source link

All we hear these days when it comes to crypto gambling is about Bitcoin, but what about Litecoin? This altcoin is as reliable as BTC and it’s four times as fast. That’s why we’re digging deep to find the best LTC casinos and gambling sites. After our research, our top Litecoin casino is Bitstarz. It has an enormous amount of games playable directly with LTC and showers players with their race promos and reload bonuses. That said, we’re sure any of our best Litecoin gambling sites will… Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

A handful of industries and tech workers are shifting from Web2 to Web3 and with this move, awareness of blockchain technology is also spreading. The Ethereum Name Service (ENS) is one project that is looking to help facilitate Web3 adoption by making it easier for DApp users to interact with the Ethereum network. This is accomplished through the creation of human-readable Ethereum addresses that can be converted into the normal machine-readable alphanumeric codes. Data from Cointelegraph… Source link

Bitcoin (BTC) has been unable to break from the 26-day-long descending channel. Investors are uncomfortable holding volatile assets after the United States Federal Reserve pledged to reduce its $9 trillion balance sheet. While inflation has been surging worldwide, the first signs of an economic downturn showed as the United Kingdom’s retail sales fell 1.4% in March. Moreover, Japan’s industrial production dropped 1.7% in March. Lastly, the U.S. gross domestic product fell 1.4% in the first… Source link

Charles Hoskinson, a founder of the Cardano blockchain platform and co-founder of the Ethereum blockchain platform, argues blockchain removes a central party and allows for people to work in a decentralized way. Charles Hoskinson, a founder of the Cardano blockchain platform and a co-founder of the Ethereum blockchain platform, provided insight into the technology and where it’s headed, noting that it removes a central party and allows for people to work in a decentralized way.  Source link

Bitcoin (BTC) topped out at around $46,000 on April 4 before freefalling back to $38,000, causing much frustration among crypto traders who have been so used to the market’s unreal returns in the past two years after the March 2020 crash.  February and March showed signs of recovery, especially after the steep declines in December and January. But, the question is, why has the bullish momentum suddenly come to a halt? Continued S&P 500 correlation The correlation between crypto and equities,… Source link

Good morning, and welcome to Protocol Fintech. This Tuesday: Otherside’s downside, Robinhood vs. Munger, and Wikimedia drops crypto. Off the chain How long will crypto’s gravy train for consumers last? Crypto.com is cutting back its crypto-linked card rewards and eliminating staking rewards. Its native CRO token tumbled as a result. A marketing land grab means big handouts in the name of customer acquisition: That’s not new to crypto. What is new is how quickly those may disappear this… Source link