Crypto rules for mortgages must reflect self-custody reality

Crypto rules for mortgages must reflect self-custody reality

The FHFA directive on crypto in mortgage risk assessments risks excluding self-custodied assets, potentially increasing counterparty risk for homebuyers. Opinion by: Margaret Rosenfeld, chief legal officer of Everstake The Federal Housing Finance Agency’s (FHFA) recent directive to explore how cryptocurrency might be included in single-family mortgage risk assessments is a welcome and long-overdue step. If…

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36% of Gen Z spend crypto on daily purchases, Gen X leads high-value spending

36% of Gen Z spend crypto on daily purchases, Gen X leads high-value spending

Gaming, daily purchases, and travel bookings emerge as the leading categories where Gen Z users strongly prefer cryptocurrency. Cryptocurrency payments are gaining prominence among numerous user cohorts for daily transactions and even high-value payments, signaling that digital assets are evolving beyond speculative tools. Gen Z users stand out in terms of daily transactions, with 36%…

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Bitcoin BIP proposes quantum-resistant upgrade by 2030

Bitcoin BIP proposes quantum-resistant upgrade by 2030

New BIP proposes phasing out legacy Bitcoin signature schemes to prevent catastrophic losses if quantum computers break existing cryptography. A new Bitcoin Improvement Proposal (BIP) aims to tackle the threat posed by quantum computers by phasing out Bitcoin’s legacy signature schemes, which can be vulnerable to quantum attacks, in favor of quantum-resistant alternatives. The proposal,…

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James Wynn returns with M leveraged Bitcoin long, 0K PEPE bet

James Wynn returns with $19M leveraged Bitcoin long, $100K PEPE bet

Wynn previously claimed that his leveraged positions were deliberately “hunted” by crypto market makers looking to sink Bitcoin’s price below his liquidation threshold. Multimillionaire cryptocurrency trader James Wynn returned despite numerous previous liquidations, signaling renewed confidence in Bitcoin’s near-term upside momentum. Wynn returned with two new leveraged positions, including a 40x leveraged Bitcoin (BTC) long…

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Unauthorized crypto trading now carries 2 years of prison in Hungary

Unauthorized crypto trading now carries 2 years of prison in Hungary

Hungary has updated its Criminal Code, imposing potential prison sentences for those using or running unauthorized crypto exchanges. Hungary has passed laws that could slap individuals trading crypto using an unauthorized crypto exchange with prison. Those who use a so-called “unauthorized crypto-asset exchange service” could face up to two years in prison with penalties increasing…

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Even retail demand is now outpacing Bitcoin supply: Bitfinex

Even retail demand is now outpacing Bitcoin supply: Bitfinex

Bitfinex analysts say this level of accumulation “supports the broader bullish narrative that new buyers entering the Bitcoin market are price-agnostic buyers.” New buyers entering the Bitcoin market are seen as price-agnostic and are scooping up the cryptocurrency faster than miners can supply, a likely boon for the price of Bitcoin.  “Currently, the combined balance…

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