03 Dec: Bitcoin-Backed Loans

03 Dec: Bitcoin-Backed Loans

By theinspired | Inspiration | 3 Dec 2021


"The thankful receiver bears a plentiful harvest." -William Blake

Big News Of The Day: Goldman Sachs, Other Wall Street Banks Exploring Bitcoin-Backed Loans

Podcast Of The Day: Stephan Livera: SLP326 Dylan Leclair Using Fiat Debt For Bitcoin Stacking

Video Of The Day: The Best Business Show: The SEC NOW Wants To Work With Crypto Companies?

Blog Of The Day: This $36M SIM Swap Scam Will Remind You of Good Practices To Secure Your Bitcoin

TOP NEWS

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.

In addition, MassMutual’s investment platform Flourish Crypto has added Ethereum to its suite of assets, giving registered investment advisors (RIAs) greater access to the digital asset market, the insurance giant announced Thursday.

Bitcoin is moving beneath a descending resistance line and there is horizontal and diagonal resistance at $59,350; BTC has a horizontal support level at $56,250. Ethereum is lock step with Bitcoin but many believe will outperform it. Speaking of Ethereum, the Ethereum Whale that is buying up all the $SHIB just bough another 28B $SHIB. Gaming and Meta tokens continue to out perform.

Pomp still believes Bitcoin is the King of all Crypto, NFT music platforms to disrupt Spotify, Charlie Munger wants the US to follow China's lead and band Bitcoin; sounds like someone is nervous.

Digital dollar needs broad consensus among authorities, says US Treasury Secretary. Such a move would require broad consensus among Congress, the U.S. central bank and the White House.

Would you believe Spider-Man NFTs drove the second-biggest one-day ticket sales in AMC's history?! Also, Star Trek signature goes where no NFT has gone before: DNA.

With the good comes the bad, the Wednesday $115 million hack to the bitcoin-focused DeFi protocol BadgerDAO appears to have impacted Celsius Network to the tune of approximately $54 million, according to on-chain data from etherscan.

Best Performing Top 10 Asset is: ADA - $1.67

Well that's a wrap but, continue to read, watch, and listen to the information I curate on my website. I believe you will be well positioned to benefit from the most transformative technological shift we've seen in our life time. Be STRONG and HODL on!

Promoted Brand is PEI. Get $20 and automatic cash back on all purchases in Bitcoin! Use Code: 2sdpr8 to get $10

Remember: Bitcon 2022 tickets for Apr 06-09 in Miami and Consensus 2022 is Jun 10-12 in Austin, Texas; hope to see you at both!

If you find value in this content, please share my website with those you know so they can benefit just as you have. One thing for sure, Bitcoin will without a doubt change the trajectory of your financial future.

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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