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Rate Hikes Affecting Housing Markets in Eurozone, United States, ECB Study Shows
19.5.2023
Interest rate hikes in the euro area are already causing a decline in housing investment, the zone’s central bank revealed in a study. While smaller than in the United States, the impact of the monetary policy tightening on the Old Continent is likely to grow further, the regulator expects. Housing...
Tokenization of housing project in Honduras
16.5.2023
In continuation with its activities in Central America, DelNorte is already ready for the tokenization of a fresh housing project in Honduras. For this, the entity will be utilizing the completely new-age blockchain technology that is available in the digital real estate market. As per...
China’s CBDC Registers Housing Aid Firsts – Digital Yuan Adoption Gathers Pace?
14.4.2023
It has been another busy week for China’s central bank digital currency (CBDC), the digital yuan, with the token finding new usage cases in the fields of housing aid public resource transactions.
Xinhua Daily reported that the Jiangsu Provincial Government Affairs Office has begun using the CBDC...
Is a housing crisis underway? Why crypto investors should care
31.3.2023
Cointelegraph analyst and writer Marcel Pechman explains if there is a housing crisis underway and why crypto investors should be paying attention
Senate Banking Committee Holds Hearing on Recent Bank Collapses, Calls for Tougher Regulations
29.3.2023
On Tuesday, the U.S. Senate Committee on Banking, Housing, and Urban Affairs, also known as the Senate Banking Committee, held a hearing to discuss the recent bank collapses in the United States and the regulatory response. Throughout the testimonies, digital assets and crypto businesses were...
Bitcoin corrects on Fed rate hike, but bulls are prepared for Friday's $1.2B options expiry
23.3.2023
BTC price dropped as the Fed rolled out a 0.25% rate hike, but improving housing market data and Bitcoin options data suggests that bulls are ready for this week’s expiry
Australian Banking Association’s cost of living inquiry reveals bank pressure
20.3.2023
An analysis of the rising inflation and concurrent collapse of Silicon Valley Bank proved that more than 186 banks in the U.S. are at risk of a similar shutdown if depositors decide to withdraw all funds
Tokenized mortgages can prevent another housing bubble crisis, says Casper exec
15.3.2023
Current mortgage term sheets lack transparency because they are not machine-readable, according to Ralf Kubli, board member of the Casper Association
Fed Chair Powell on Crypto: We See Turmoil, Fraud, Lack of Transparency, Run Risk
8.3.2023
Federal Reserve Chairman Jerome Powell has outlined several risks related to crypto activities during a hearing before the Senate Committee on Banking, Housing, and Urban Affairs. While stating that the Fed sees turmoil, fraud, a lack of transparency, and run risk in the crypto space, he stressed:...
Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia
27.2.2023
The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular production units capable of housing 3,528 application-specific integrated circuit (ASIC) bitcoin...
US Senator Calls for Comprehensive Crypto Regulation to Protect Consumers
16.2.2023
The chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has called for a comprehensive regulatory framework for cryptocurrencies. “Recent crypto meltdowns have made clear that we need a comprehensive framework to regulate crypto products to protect...
Study: 55% of Americans Believe They Will Lose It All if a Recession Hits the United States
16.2.2023
According to a recent study by Clever, a real estate data company, nearly three out of four Americans worry there will be a recession this year, and 69% of the research participants say the U.S. is already in a recession. What’s worse, 55% of the study’s respondents said they would lose...
What is the global financial crisis and its impact on the global economy
5.2.2023
The Global Financial Crisis was a widespread economic downturn that began in 2008 and resulted from the collapse of the housing market and investment banks
Bahamas Corrections Commissioner Says FTX Co-Founder Bankman-Fried Is in ‘Good Spirits’ in the Prison Sick Bay
16.12.2022
According to local reports, former FTX CEO Sam Bankman-Fried (SBF) is in “good spirits” and is being kept in the maximum security unit in the sick bay. SBF is held in custody at the Bahamas Department of Correctional Services (BDOCS), a jail called Fox Hill that is known for being filthy, and...
Gold Outshined Bitcoin This Month Climbing 6% Higher Amid US Real Estate Slump, Lower CPI Data
19.11.2022
This month, gold has outperformed bitcoin after crypto markets shuddered from the recent FTX collapse, and the precious yellow metal climbed 6.12% since the first of November. The U.S. housing market has shown weaknesses and October’s U.S. inflation rate was lower than expected. Analysts...
Institutional crypto custody: How banks are housing digital assets
26.9.2022
Large financial institutions are getting involved in digital assets by investing capital, time and effort into custody technology solutions
Fed Chair Jerome Powell Says a ‘Difficult Correction’ Should Balance US Housing Market
25.9.2022
Following the Covid-19 pandemic, real estate investors did extremely well, despite the millions of Americans that were put out of work and faced evictions during the lockdowns in 2020. Stimulus put a bandage on the financial wounds inflicted by Mainstreet business shutdowns and deadlocked supply...
Bitcoin Academy in Brooklyn Backed by Jay-Z and Jack Dorsey Airdrops BTC to Class Participants
11.9.2022
Rap star Jay-Z, otherwise known as Shawn Carter, and Block CEO Jack Dorsey, recently airdropped bitcoin to members of the Bitcoin Academy in Brooklyn. Jay-Z’s mother, Gloria Carter explained in a statement that a myriad of residents from Brooklyn’s Bedford-Stuyvesant participated,...
China’s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk
26.8.2022
China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is currently the weakest it has been against the U.S. dollar in roughly two years. Amid...
Federal Reserve Governor Supports More 75bps Rate Hikes Citing ‘Significant Risk of High Inflation Into Next Year’
9.8.2022
Federal Reserve Governor Michelle Bowman says she supports ongoing 75 basis point interest rate hikes “until inflation is on a consistent path to significantly decline,” citing “a significant risk of high inflation into next year for necessities including food, housing, fuel...