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Just when all seemed well

Just when all seemed well

Goldman Sachs, other Wall Street banks exploring bitcoin-backed loans

  • The #Omicron variant of COVID-19 could slow global economic growth by exacerbating supply chain problems and depressing demand, U.S. Treasury Secretary Janet Yellen believes
  • Goldman Sachs is among a handful of tier-one U.S. banks reportedly figuring out how to use bitcoin as collateral for cash loans to institutions.
  • #Sterling firmed as the discovery of the first case of the Omicron variant in the United States weighed on the dollar overnight amid uncertainty about whether the Bank of England will hike interest rates this month
  • #USDJPY saw a minor rise of 0.2%
  • #XAUUSD dropped 0.9%
  • #BTCUSD traded 0.6% lower

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