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Top crypto News today: Goldman Sachs offers first Bitcoin backed loan

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In today’s crypto news, The residents across three major Chinese cities have started paying taxes, social security premiums as well as stamp duty using the nation’s central bank digital currency- the digital yuan (e-CNY).  Read a detailed overview below. 

Goldman Sachs has offered its first bitcoin-backed loan as a major step forward for the adoption of institutional crypto on Wall Street.  More on this crypto news is below. 

STEPN has programmed a few factors that determine the amount a person can make with his sneakers and the Green Satoshi Token (GST) which is STEPN’s in-game token. The token has seen a surge of 77% in the past week. Read more on this NFT news below. 

Crypto Prices Today 

 

Price Trend  Price for April 29, 2022  Percentage change 
The global cryptocurrency market cap  $1,807,003,683,519 0.07%
The total crypto market volume $98,480,276,421 18.7%
Bitcoin Price $39,517.64 0.53%
Ethereum Price  $2,922.48 1.42%

*All prices are latest by 11:30 AM, 29 April 2022.

Top Gainers and Losers Today

Top 3 Crypto Gainers  

Cryptocurrency  Price (Latest by April 29, 2022)  Change in % 
PancakeSwap (CAKE) ₹658.31 9.50%
Chromia (CHR) ₹33.69 9.10%
ApeCoin (APE) ₹1745.42 8.57%

*All prices are latest by 11:30 AM, 29 April 2022.

 

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by April 29,  2022)  Change in % 
0x(ox) ₹64.43 12.49%
The Graph (GRT) ₹28.71 9.63%
Waves (WAVES) ₹1235.10 6.35%

*All prices are latest by 11:30 AM, 29 April 2022.

Crypto News Global 

 

Residents of 3 Chinese cities paying taxes with digital yuan

The residents across three major chinese cities have started paying taxes, social security premiums as well as stamp duty using the nation’s central bank digital currency- the digital yuan (e-CNY). 

According to reports, several government agencies in the Zhejiang province which are located south of Shanghai are running trial programs involving citizens paying taxes using digital yuan. The Zhejiang Taxation Bureau is working in close coordination with the People’s Bank of China (PBoC) to explore various methods of taxation using digital yuan. 

Read: Central Bank Digital Currency (CBDC) Explained

Source: Cointelegraph 

 

Goldman Sachs offers first Bitcoin backed loan as Wall Street accepts crypto

Goldman Sachs has offered its first Bitcoin backed loan as a major step forward for the adoption of institutional crypto on Wall Street. Goldman Sach’s spokeswoman told Bloomberg that the multinational investment bank has led cash collateralized by Bitcoin owned by the borrower for the first time in its history. She also mentioned how interesting the deal was given its structure and the 24-hour risk management. 

In loans like these, the borrower can collateralize the Bitcoin held by him in exchange of fiat currency such as the US dollar. However, reports also suggest that the underlying volatility of Bitcoin also tend to make these loans a little risky as if the price of BTC falls the borrower may have to increase their collateral or risk getting liquidated. 

Read: Banking in the Metaverse: Reshaping the Future of Banks 

Source: Cointelegraph 

 

Top NFT & Metaverse News

 

NFT traders STEPN to a new groove 

The Play-to-earn movement which was started by Axie Infinity has inspired several new project in Web3 ecosystem that wishes to apply the earning model within their ecosystem. One such latest project is the move-to-earn movement started by STEPN. It is a Solana-based Web3 application that owners of the NFT sneakers can earn while walking.

STEPN has programmed a few factors that determine the amount a person can make with his sneakers and the Green Satoshi Token (GST) which is STEPN’s in-game token. The token has seen a surge of 77% in the past week. The interesting fact about the move-to-earn movement is that it is essentially a form of P2E since it is a gamified version of fitness through digital assets like sneakers. It is a must for the NFT holders to engage with the application mechanics in order to receive rewards. 

Read: What are Play to earn crypto games? Top 5 Best Play to Earn Games 2022

Source: Cointelegraph 

 

NEW COIN LISTING ON COINDCX 

 

New Coin Market Cap Circulating Supply
Waves (WAVES) ₹125,988,156,037 108,128,086.00 WAVES
SuperFarm (SUPER) ₹15,361,659,536 402,410,904.42 SUPER
XDC Network (XDC) ₹53,130,526,197 12.31B XDC
Anchor Protocol (ANC) ₹47,253,324,139 341,353,020.45 ANC
Mina (MINA) ₹72,016,297,828 479,429,948.84 MINA

*All prices are latest by 11:30 AM April 29, 2022.*

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