The correlation between bitcoin and Nasdaq, S&P 500 over the past 90 days has hit its lowest level since July 2021, as reported by Block Scholes, a renowned analytics firm specializing in crypto derivatives.
Consequently, the regulatory scrutiny of the SEC may be somewhat constrained in its scope.
On Sunday, a staggering amount of over 9.3 million tokens will become accessible, accounting for approximately 1.2% of AXAX's overall supply.
In yet another sign of bitcoin’s emergence as a store of value, a bunch of startup lenders have begun using cryptocurrencies as collateral for personal loans. According to a Bloomberg report, startups such as Salt Lending and CoinLoan are offering loans in fiat currencies using cryptoassets as collateral.
Unchained accepts Bitcoin and Ethereum as loan collateral. Once approved for a loan, simply transfer your coins to a special cold wallet at Unchained. Upon receipt, your fiat loan funds will be wired to your bank. Unchained makes interest-only loans.
The amount of Bitcoin you need as loan collateral depends on your LTV (loan-to-value) ratio. LTV rates vary from 20% all the way up to 50%. As a result, your interest rate will vary depending on how much Bitcoin you would like to use as collateral. The lower your LTV, the better your interest rate will be.
Goldman Sachs is among a handful of tier-one U.S. banks figuring out how to use bitcoin as collateral for cash loans to institutions, according to three people familiar with the plans. Banks such as Goldman will not touch cryptocurrency spot markets but lean towards synthetic crypto products such as futures.
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