Goldman Sachs has offered its first-ever lending facility backed by Bitcoin. The lending facility lent cash collateralized by the cryptocurrency owned by the borrower and is seen as a significant step for a major U.S. bank into the space.

Ukraine’s government has launched a new website allowing people to donate non-fungible tokens (NFTs) and buy donated pieces in a bid to raise funds to support its war efforts. The new site lists several NFT collections.

Coinbase’s NFT marketplace saw little over 900 total transactions since it first launched, amounting to around 104.5 Ethereum in volume traded. About a third of its total volume occurred in a single day.

Sponsored: In 2017, Invictus set out to fundamentally change the asset management industry. Invictus' officially regulated funds are now institutional grade products with industry leading fees and very accessible minimum requirements.

Top stories in the Crypto Roundup today:

• Goldman Sachs Makes Bitcoin-Backed Loan
• Ukraine Launches Website for NFT Donations
• Coinbase NFT Marketplace Sees Sales Soar After Slow Start
• Crypto Market Movers – ZRX, MPL, KNC
• Sponsored: Invictus Capital spearheads the world's first regulated and tokenised mutual fund

Goldman Sachs Makes Bitcoin-Backed Loan

Goldman Sachs has offered its first-ever lending facility backed by Bitcoin. The lending facility lent cash collateralized by the cryptocurrency owned by the borrower and is seen as a significant step for a major U.S. bank into the space.

A Goldman Sachs spokesperson said that the loan was interesting for the bank because of its structure and 24-hour risk management. The move comes as Wall Street banks ramp up their cryptocurrency offerings, with Goldman recently trading its first over-the-counter Bitcoin options.

The bank is following in the footsteps of other traditional finance giants moving into the cryptocurrency space. Last month, BlackRock participated in a $400 million funding round for USDC stablecoin creator Circle, while Cowen launched a digital assets unit.

Other crypto-related products and services Wall Street banks offer include wealth management, trading, and investment banking.

Ukraine Launches Website for NFT Donations

Ukraine’s government has launched a new website that allows people to donate non-fungible tokens (NFTs) and buy donated pieces in a bid to raise funds to support its war efforts. The new site lists several NFT collections.

According to the Vice Prime Minister and Minister of Digital Transformation of Ukraine, Mykhailo Fedorov, the funds “will contribute to the Ukrainian victory.” The website also features a number of NFT collections the government supports.

The Ukrainian government launched its own NFT collection at the end of March to raise funds, and recently announced the launch of a second one, planned for May 1.

According to the government’s general crypto donation website, it has received $60 million in cryptoasset donations and used some of those funds to buy supplies for its armed forces, including medicine, packed lunches, and bulletproof vests.

Coinbase NFT Marketplace Sees Sales Soar After Slow Start

Coinbase’s NFT marketplace has seen little over 900 total transactions since it first launched, amounting to around 104.5 Ethereum in volume traded. About a third of its total volume occurred in a single day.

Available data from Coinbase NFTs backend partner, 0x Project, shows there are currently 681 users on the platform, including 282 unique sellers and 464 unique buyers. The website has been adding around 100 new accounts per day since its launch.

Coinbase’s NFT marketplace is currently in a closed beta, meaning only select users are allowed to sign up and start buying and selling NFTs on it. There are roughly 4 million users on the platform’s waitlist.

While an invite is required to create an account on the marketplace, everyone is free to explore it without one.

Crypto Market Movers – ZRX, MPL, KNC

Several tokens are leading the charge in the last 7-day period. Some of these are well-known cryptocurrencies with more liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

ApeCoin (APE) - ApeCoin is an ERC-20 governance and utility token used within the APE ecosystem to empower decentralized community building at the forefront of web3. The APE Foundation is the steward of ApeCoin. It is the base layer on which ApeCoin holders in the ApeCoin DAO can build.

Kyber Network (KNC) - KyberNetwork is an on-chain protocol which allows instant exchange and conversion of digital assets (e.g. crypto tokens) and cryptocurrencies (e.g. Ether, Bitcoin, ZCash) with high liquidity.

0x (ZRX) - 0x is an open protocol that facilitates the decentralized exchange of Ethereum-based tokens and assets. Developers can use 0x to build their own custom exchange apps with a wide variety of user-facing applications i.e. 0x OTC, a decentralized application that facilitates trustless over-the-counter trading of Ethereum-based tokens.

Invictus Capital spearheads the world's first regulated and tokenised mutual fund

Invictus Capital has become the world’s first fully regulated, tokenised, and administered mutual fund in the world.

In 2017, Invictus set out to fundamentally change the asset management industry. Invictus' officially regulated funds are now institutional grade products with industry leading fees and very accessible minimum requirements.

Invictus fund tokens now represent legal ownership of the underlying fund shares and a wide range of benefits are now available:

• In the new fund structure, tokens represent shares of the mutual funds, providing investors with security and peace of mind.

• An independent board of directors has been appointed, ensuring a strong corporate governance system.

• Fund assets and the financial health of the funds are verified regularly by independent external auditors.

• Fully compliant with global AML and KYC regulations.

Disclaimer:

Cryptocurrency trading involves high risk, and is not suitable for all investors. Before deciding to trade cryptocurrencies, tokens or any other digital asset you should carefully consider your investment objectives, level of experience, and risk appetite.

Its content does not constitute financial advice. Please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice.

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