2024

Long

Bitcoin

<ul>
 <li>The company made its Bitcoin holdings public and argued for Bitcoin’s legalization in the US.</li>
 <li>Lutnick said that this move connects conventional finance with digital assets.</li>
</ul>
The announcement of a Bitcoin lending program was made at the Bitcoin 2024 conference on Saturday, July 27, by billionaire Howard Lutnick, who is also the Chairman and CEO of the financial services business Cantor Fitzgerald.
The company made its Bitcoin holdings public and argued for <a href="https://thenewscrypto.com/can-bitcoin-btc-escalate-to-70k-shortly/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s</a> legalization in the US. In his speech at the 2024 Bitcoin Conference, Cantor Fitzgerald Chairman <a href="https://www.cantor.com/leadership/howard-lutnick/" target="_blank" rel="noopener noreferrer nofollow">Howard Lutnick</a> made the comment that the business has a “shit load” of BTC.
Moreover, as a public display of his unwavering support for the crypto community, Lutnick grabbed the stage. In his vehement address, he discussed a wide range of topics. Including the 9/11 terrorist attacks, in which his brother and 658 other <a href="https://www.cantor.com/" target="_blank" rel="noopener noreferrer nofollow">Cantor Fitzgerald</a> workers died. And the fact that he and his company are Bitcoin supporters.
<h3 class="wp-block-heading" id="h-strategic-move">Strategic Move</h3>
Even while the specifics of the lending business are still under wraps. The fact that Cantor Fitzgerald is putting up $2 billion for the venture may send a positive signal to other institutions and the market.
To wrap things off, Lutnick noted that the takeaway is that Bitcoin will soon be joining the global financial market’s financing family, with Cantor Fitzgerald serving as the sponsor. According to a recent press release, the firm is planning to start a Bitcoin lending business with an initial capital of $2 billion and expects to increase it as the business grows.
Investors holding <a href="http://bitcoin.org" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> will be given the funds, which is another step towards institutional crypto acceptance. Lutnick emphasized the move’s motivation in the announcement, saying that it connects conventional finance with digital assets.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/can-shib-bulls-recover-from-the-long-term-bearish-trap/" target="_blank" rel="noopener noreferrer nofollow">Can SHIB Bulls Recover from the Long Term Bearish Trap?</a>

Cantor Fitzgerald Announces $2 Billion Bitcoin Lending Program

목차

TheNewsCrypto

2024년 7월 27일에 게재된 다른 기사

Ethereum Creator Vitalik Buterin Debunks ETH Centralization Claims

BlackRock Crypto Chief Denies Chances Of Solana, XRP ETF Approval

Don’t Get REKT: Break Free from Ripple’s Lawsuit Drama and Unlock High Potential with TA

Partnership with FIO Protocol Brings Free Web3 Handles for CoinStats Users

Analyst Skew Provides Key Insights on Bitcoin Trading

Peter Schiff Criticises Robert Kennedy’s BTC Buy Plan If Elected The President

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!