Senate bill aims to involve cryptocurrency in mortgage approval process
Wyoming Senator Cynthia Lummis has proposed legislation that may solidify directives from U.S. housing regulators concerning mortgage buyers. In a notice released on Tuesday, Lummis mentioned that her bill, known as the 21st Century Mortgage Act, aims to initiate a Congressional lawsuit following a June directive from the Federal Housing Finance Agency (FHFA). This directive […]
Ways to legally and safely purchase a home in Dubai using cryptocurrency
Key Takeout Dubai has established clear regulations regarding the purchase of real estate using cryptocurrencies through VARA and the UAE central bank. Major developers, including Damac and Emaar, now accept BTC, ETH, and stablecoins for property transactions. Utilizing cryptocurrency for payments is quicker, more affordable, and straightforward for international buyers. Stablecoins and tokenized real estate […]
Denver Couple Charged in Multi-Million Dollar Cryptocurrency Fraud Scheme
Denver Pastors Indicted for Cryptocurrency Fraud Elizio Peter and Caitlyn Marie Legalad, who lead the online-only Victory Grace Church, have been charged in Denver with allegedly swindling investors out of at least $3.4 million through a cryptocurrency scam. A recent indictment lists multiple felony counts against the couple, asserting they used their Indian Coin business […]
BlackRock’s head of cryptocurrency has left for the second-largest treasury firm in the Ethereum space.
BlackRock’s Crypto Chief Joins Sharplink Gaming BlackRock’s head of digital assets shared on Friday that he will depart from the investment firm to become co-CEO of Sharplink Gaming, which ranks as the second largest company focused on Ethereum financing. Rob Phythian, the current CEO of Sharplink, is set to transition to the role of president […]
Bitcoin Is Now Near A Major Shift As Cryptocurrency Prepares For A $50 Trillion Price Change
Bitcoin experienced some significant fluctuations this week, with prices nearly 10% lower than their peak, indicating that the bubble may be starting to burst. Despite being nearly double what it was a year ago, Bitcoin’s rally seems to have hit a wall, partly due to President Trump making various price predictions. Currently, Bitcoin, influenced by […]
US cryptocurrency laws lead to a $4B increase in stablecoin supply
Impact of the Genius Act on the Crypto Landscape The Genius Act has barely been enacted, yet its effects are already making waves in the cryptocurrency sector. In just a week, the industry saw a boost of nearly $4 billion, lifting the market capitalization of Stablecoins to over $264 billion and enhancing profits for companies […]
Charles Schwab’s cryptocurrency strategy boosts post-earnings rally.
Charles Schwab’s Strong Performance Beats Expectations On Monday, stocks of Charles Schwab (NYSE: SCHW) exceeded analysts’ expectations for adjusted earnings and earnings per share, following the company’s impressive second-quarter results reported last Friday. Analysts from prominent Wall Street firms, including JP Morgan and Goldman Sachs, have praised Schwab’s robust performance. They attribute this success to […]
US bank lobby opposes cryptocurrency companies’ applications for banking licenses
Banking associations in the US are calling on regulators to delay any decisions regarding banking licenses for cryptocurrency firms until more details about the proposals come to light. They argue that moving forward with these applications represents a significant shift from existing policies. In a letter to the OCC, groups including the American Bankers Association […]
The week when cryptocurrency achieved significant success in the U.S.
For quite some time, the U.S. government has taken a hands-off approach to cryptocurrency, deeming it too risky for most Americans. In a notable shift, the House of Representatives recently voted to approve the first major cryptographic legislation, reflecting a new direction in the U.S. stance on digital currencies. The cryptocurrency market is buzzing with […]
Indian cryptocurrency exchange CoinDCX breached, $44 million stolen
CoindCX Hacked, Loses $44 Million On Friday, India’s cryptocurrency exchange, CoindCX, experienced a significant security breach, resulting in a loss of $44 million. The hack was carried out by violating one of CoindCX’s internal accounts connected to “liquidity regulations” through a server compromise. Fortunately, user funds remained untouched, as stated by CoindCX CEO Sumit Gupta. […]