Ledn secures industry-first $50M Bitcoin-backed syndicated loan

The United States equities markets are headed for a down week as market participants remain cautious ahead of next week's key consumer price index data for November.The CPI report will be followed by the Federal Reserve’s Federal Open Market Committee meeting on Dec. 13-14 where the central bank is expected to hike rates by 50 basis…

Public companies have purchased about 85,000 Bitcoin (BTC) in the past year and institutional investors have pumped money into Grayscale Investments, which shows increasing institutional adoption is one of the main reasons for the recent Bitcoin rally.However, at the moment it seems institutional investors are unlikely to chase prices higher. If the fresh inflow of…

Avanti Financial CEO Caitlin Long said the bill had its own pros and cons, but it was “definitely a conversation-starter” for lawmakers exploring stablecoins. 212 Total views 12 Total shares Four members of the Wyoming Legislature have sponsored a bill which would allow the state treasurer to issue a stablecoin.On Thursday, Wyoming State Senators Chris…

"The volatility is not that bad” - Australia’s Gold Coast Mayor suggests crypto could be used to pay local taxes in the future. Tom Tate, the Mayor of Gold Coast, Australia, has suggested that cryptocurrency could be used by residents to pay local taxes in future years, though critics have flagged volatility and the recent…

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The new management of the bankrupt FTX exchange has identified $5.5 billion in assets that can be used to repay creditors, sparking fears a large swathe of crypto assets could be dumped on markets.On Jan. 17, FTX debtors identified $3.5 billion in crypto assets with $1.6 billion associated with the bankrupt exchange. The best known…