#CryptoCorner #Podcast 798: #Stocks discussed: (NYSE: $GS) (TSX: $GLXY.TO)

 

 

 

#CryptoCorner #Podcast 798: #Stocks discussed: (NYSE: $GS) (TSX: $GLXY.TO)

 

Goldman Sachs Makes First OTC Crypto Transaction by Major US Bank with Galaxy Digital, and El Salvador Delays Bitcoin Bonds Launch

 

Vancouver, Kelowna, Delta, BC March 21, 2022 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2022/032122-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2022/crypto-corner/03211GS-GLXY.asp

 

Get the Crypto Corner Podcast on iTunes

 

Get the Crypto corner on Spotify

 

Stocks discussed: (NYSE:GS) (TSX:GLXY)

Goldman Sachs (NYSE:GS) has made the first OTC crypto transaction by a major U.S. bank, facilitated and executed by a trading unit of Galaxy Digital Holdings Ltd. (TSX:GLXY). The transactions took the form of a Bitcoin (BTC) non-deliverable option (NDO), according to the press release, and follows Goldman’s first CME Group Inc. Bitcoin futures transaction last year. Damien Vanderwilt, Co-President, and Head of Global Markets at Galaxy Digital, commented:

 

"We are pleased to continue to strengthen our relationship with Goldman and expect the transaction to open the door for other banks considering OTC as a conduit for trading digital assets. Goldman's continuing trust in us is a testament to Galaxy's expertise and ability to meet the evolving demands by institutions as crypto solidifies itself as the fifth asset class."

 

Max Minton, Asia Pacific head of digital assets for Goldman Sachs, said:

 

"We are pleased to have executed our first cash-settled crypto currency options trade with Galaxy. This is an important development in our digital assets capabilities and for the broader evolution of the asset class."

 

BNN Bloomberg reports that “the vast majority of companies” in El Salvador “haven’t used crypto for business,” according to a survey from that country’s Chamber of Commerce. Only 14 percent of those surveyed reported having transacted in Bitcoin since September, when El Salvador became the world’s first country to recognize the flagship cryptocurrency as a legal tender. Despite this, the country’s Finance Minister, Alejandro Zelaya, said “El Salvador is pressing ahead with plans to issue what would be the first state-backed Bitcoin bonds in the coming days.”

 

However, Cointelegraph reports that the government of El Salvador has seemingly delayed these Bitcoin bonds – also called “volcano bonds” – which were meant to have launched by March 20. Fernando Nikolić, marketing director at Blockstream – El Salvador’s partner in the bond launch – said to Cointelegraph, regarding the new dates of the launch:

 

“EBB1 will simply be issued on the Liquid Network, which is operated by members geographically distributed all over the world. Blockstream serves only as a technology provider. So, whenever they are ready, they will be able to issue the bond on Liquid the same way anyone else can.”

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

About Investorideas.com - News that Inspires Big Investing Ideas

Investorideas.com publishes breaking stock news, third party stock research, guest posts and original articles and podcasts in leading stock sectors.  Learn about investing in stocks and get investor ideas in cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy, gaming and more. Investor Idea’s original branded content includes podcasts and columns : Crypto Corner , Play by Play sports and stock news , Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast ,  Cleantech and Climate Change , Exploring Mining , Betting on Gaming Stocks Podcast and  the AI Eye Podcast.

 

The Investorideas.com podcasts are also available on Apple Podcasts ,  Audible , Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio, Google Podcasts  and most audio platforms available.

 

Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/  Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

 

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

 

Contact Investorideas.com

800-665-0411 

 

Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories