Crypto Catch: Goldman Sachs offers first ever Bitcoin lending facility

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 Crypto Catch: Goldman Sachs offers first ever Bitcoin lending facility
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Highlights

  • Banking giant, Goldman Sachs, has offered its first ever Bitcoin lending facility, in a big move for a major U.S. bank.
  • Bitcoin grew 1.4 per cent in the past 24 hours reaching US$39,820.
  • NFT token Apecoin is trading at all-time highs ahead of the next big development in the Bored Ape Yacht Club universe.

Banking giant, Goldman Sachs, has offered its first ever Bitcoin lending facility, in a big move for a major U.S. bank.

The move means that the banking major lent cash backed by the borrower’s Bitcoin.

The move signals a move from Wall Street to make crypto more mainstream after years of resisting the new currency.

While crypto has been on the fringes of finance for many years, a surge in its popularity in the past two to three years has pushed the burgeoning technology to the mainstream.

Market News

Bitcoin grew 1.4 per cent in the past 24 hours reaching US$39,820.

Meanwhile, Ethereum jumped 1.82 per cent and now sits at US$2,932.

Altcoin News

NFT token Apecoin is trading at all-time highs ahead of the next big development in the Bored Ape Yacht Club universe, which is the start of the Otherside NFT sale scheduled for Saturday.

Otherside is a new Metaverse launched by Bored Ape Yacht Club creator Yuga Labs. The NFTs are thought to represent land in the Otherside Metaverse but this has yet to be explicitly confirmed by Yuga Labs.

According to a tweet by Otherside Meta, users who pre-registered their Ethereum wallets and wish to participate will have to pay using the recently-launched ApeCoin.

Furthermore, the auction price will start high and gradually fall over time until all NFTs are sold.

ApeCoin launched on 17 Mar and has experienced volatile price fluctuations. Shortly after its launch, it dropped to an all-time low of US$6.21 but then recovered well. Since April 21, ApeCoin has hit a series of new all-time highs and currently sits at US$20.40.

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Data Source: CoinMarketCap.com, based on top 100 cryptos.

Note: Growth from the 24 hours prior to 12:30pm AEDT

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