Category: Business

Bitcoin Signal

Goldman Sachs Offering Bitcoin Derivatives to Investors

The bank will protect itself from the cryptocurrency’s volatility by buying and selling bitcoin futures in block trades. Goldman Sachs is offering investors access to non-deliverable forwards (NDFs), a derivative tied to bitcoin’s price that pays out in cash, according to a Bloomberg report. When reached by CoinDesk, the investment bank confirmed the news. The…
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European Investment Bank Issues $121M Digital Notes Using Ethereum

Goldman Sachs, Banco Santander SA and Societe Generale AG served as joint managers. The European Investment Bank (EIB), the lending arm of the European Union, used Ethereum technology to issue €100 million ($121 million) in two-year digital notes for the first time, the EIB said in a statement.   Goldman Sachs, Banco Santander SA and…
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WeWork Accepting Crypto as Form of Payment

Office-sharing provider WeWork said Tuesday it is accepting some kinds of cryptocurrency as a form of payment. The office-sharing provider will hold the cryptocurrency on its balance sheet and pay landlords and third-party partners in crypto In its announcement, WeWork said Coinbase (NASDAQ: COIN) will be its first member company to use cryptocurrency as payment…
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Crypto Weekly Summary April 11-18

Bitcoin $ 8000 drop The fall of other digital currencies AgeUSD will be Cardano’s first StableQueen AgeUSD is a type of Stablecoin algorithm that will soon be introduced in the Cardano blockchain. The ADA, the Cardano Foundation’s native token, is currently the seventh most valuable currency in terms of market value. AgeUSD is the first…
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Retail Investment App Amber Hits $1B AUM

Crypto market maker Amber Group’s trading app has passed $1 billion in assets under management (AUM), according to an announcement shared exclusively with CoinDesk.   The retail investment app boasts around 100,000 users, with numbers doubling between January and February 2021. The user count pales in comparison to the 43 million on industry titans like…
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Publicly-Traded Fintech Firm Acquires Chinese Mining Farm for $9M

Future FinTech, a New York-based publicly-traded software firm, has acquired Nanjing Ribensi Electronic Technology Co., in an effort to break into Bitcoin mining.   The U.S. tech company purchased the Chinese Bitcoin miner for $9 million, according to a press release. Per the agreement, FutureFinTech will take full ownership of the firm’s mining operations, which…
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Goldman Sachs May Start Offering Bitcoin to Wealthy Clients Later This Year

CNBC has reported that banking giant Goldman Sachs intends to start offering investment in Bitcoin and other digital assets to its wealthy customers later this year, citing the bank’s new head of digital assets. Goldman Sachs seems to be following in the footsteps of Morgan Stanley, which announced BTC exposure on March 17. In the second…
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Market Wrap: Bitcoin Steady Near $54K; RSI Indicator Warns of Limited Uptrend

Bitcoin (BTC) trading around $53,824.22 as of 20:00 UTC (4 p.m. ET). Climbing 3.22% over the previous 24 hours. Bitcoin’s 24-hour range: $51,267.19-$54,032.05 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. Friday’s record $6 billion expiry in the bitcoin options market turned to…
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Tesla Starts Accepting Bitcoin Payments – and Will Not Convert to Fiat

The leading US-based electric car manufacturer Tesla has come good on promises from last month, announcing that will not only accept payments in the world’s most popular cryptocurrency, bitcoin (BTC) – but will seek to keep any of the BTC it receives. (Updated at 08:18 UTC: updates throughout the entire text. Updated at 15:37 UTC…
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NFT: Sotheby’s Follows Christie’s with a New Plan

Following the record-breaking sale of a non-fungible token (NFT) art piece hosted by Christie’s, New York-headquartered multinational corporation Sotheby’s announced today that they would be collaborating with the well-known digital artist Pak. On March 16, the international auction house first posted a teaser-style tweet of a video featuring a circle, with commenters quickly starting to…
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