Daily Flash | Goldman Sachs launched its first Bitcoin backed loan facility；Bitcoin mining difficulty hits a record high

Today's Topic - Goldman Sachs launched its first Bitcoin backed loan facility

On April 29, according to Bloomberg, Goldman Sachs Group provided the first loan facility supported by Bitcoin. Accelerating the acceptance of cryptocurrency on Wall Street is an important step for a large American bank. A Goldman Sachs spokesman stated that the secured loan facility lent cash against Bitcoin owned by the borrower.

Wall Street banks are ramping up their cryptocurrency offerings after years of resistance were weakened by soaring prices and popularity of cryptocurrency. In March this year, Goldman Sachs traded Bitcoin options over the counter for the first time and has a digital asset team.

For Goldman Sachs, this step marks that Goldman Sachs has entered a new business field.



Today's Chart - Bitcoin mining difficulty has risen to 29.79T, representing a record high


According to BTC.com data show that the difficulty of Bitcoin mining has increased by 5.56% to 29.79T, representing a record high.

There are approximately 12 days and 16 hours before the next difficulty adjustment. It is expected that the next mining difficulty will be increased by 0.38% to 29.91T.



Today's Influencer - Former Google CEOpurchased a small amount of cryptocurrency and is interested in Web3

Eric Schmidt, the former chairman and CEO of Google, said on April 28 that he bought a small amount of cryptocurrency and assumed that the most interesting part of blockchain was not virtual currency, but Web3.

Schmidt did not disclose the type of cryptocurrency he currently has. Eric Schmidt said his interest in Web3 involves the concept of "token economics". Web3 may bring new content ownership models and new compensation methods.

It is reported that Eric Schmidt served as CEO of Google from 2001 to 2011, which is one of the largest and most significant growth periods of the company. He has served as executive chairman until 2017 and technical consultant until 2020. At present, Schmidt's net assets are $20 billion, ranking 80th on the Forbes Global List.



Hot events yesterday - #Snowden Zcash, #Aave founder #Twitter blocked




Author: Gate.io Observer Byron B.,Translator: Joy Z.
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