Crypto Biz: Within the code of the massacre, Goldman and Barclays fill their bags, 12-18.  May 2022

Crypto Biz: Within the code of the massacre, Goldman and Barclays fill their bags, 12-18. May 2022 – Mail Bonus

Has there ever been a worse time to be in cryptocurrency? It depends on how you look at it. Within Terra’s death spiral, Bitcoin (BTC) which picks up seven red weekly red candles in a row, over 1 trillion dollars in lost market value across the ecosystem and the aggressive Central Bank that is ready to turn around the chaos it created, large banks are quietly increasing its exposure to the sector. You’ll love this: Goldman Sachs – once one of Bitcoin’s most passionate opponents – and Barclays are making strategic acquisitions as they prepare for the future of cryptocurrency trading.

Early opinion polls from Terra poll indicate that 91% are in favor of “rebirth”

Terra’s story took an interesting turn on Wednesday after Do Kwon, Terra’s founder, managed to convince online testers to accept a proposal that would save a blockchain without the algorithm stablecoin, TerraUSD (UST). More than 91% of the community voted in favor of “re-feeding” the Terra network and abolishing ICT altogether. The “old” blockchain would continue to support so-called “surplus ICT” holders and operate under the name – wait for that – Terra Classic. However, it is not all right for the Terra ecosystem. Kwon has been summoned to a parliamentary session due to his failed project, but three members of Terraform Labs’ legal team resigned this week.

Goldman Sachs and Barclays invest in UK cryptocurrency trading platform Elwood

Goldman Sachs and Barclays made headlines this week after unveiling a strategic investment in the UK-based Elwood-based cryptocurrency trading platform. Why is this important? Aside from the fact that I like to dip into Goldman at every opportunity I get for previous anti-Bitcoin propaganda, the investment further confirms the fact that major banks view cryptocurrencies as a new asset class with a strong institutional appeal. That’s basically what Goldman’s International Digital Asset Manager said. You can read about Elwood’s $ 500 million funding round below.

Bitcoin investment giant Grayscale premiered a European ETF

Grayscale has finally launched an ETF. Okay, not the one we’re all waiting for, but it’s still an interesting achievement nonetheless. Grayscale Future of Finance The UCITS ETF is the first European digital asset manager ETF and will monitor the performance of the Bloomberg Grayscale Future of Finance Index. The fund does not directly invest in encryption but provides companies that are directly involved in the digital assets ecosystem – especially miners and business apps.

BitMEX launches cryptocurrency exchange after $ 30M penalty

BitMEX’s cryptocurrency derivative trading – the home of the notorious liquidators – goes beyond just offering derivatives by launching a trading platform. The BitMEX Spot Exchange allows investors to trade seven pairs of cryptocurrencies, including Bitcoin, Ether (ETH), Chainlink (LINK) and Tether (USDT) – without being able to completely wander through the process. BitMEX recently cleared $ 30 million in civil penalties after the company’s founders, including Arthur Hayes, pleaded guilty to breaching bank secrecy.

How will you survive the bear market?

Let me be honest: the crash of Crypto in recent months has been unlike anything I’ve ever seen. Many investors are in a lot of pain right now. Trust me, I’ve been there. I’m not going to cover your losses or fill this page with clichés, but as a famous value investor, Benjamin Graham, once said: “Abnormally good or abnormally bad conditions do not last forever. This week’s edition of the Market Report breaks down the current bear market and gives you some tips on how to come out on the other side stronger than ever.

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