#Only two large US cities are affordable for new home buyers

#Only two large US cities are affordable for new home buyers

Only two large US cities are affordable for new home buyers Only two of the 50 largest U.S. cities are affordable for first-time home buyers, according to a new analysis that weighs average list prices against local incomes.  The report on first-time home buyer affordability, released this month by the personal finance site NerdWallet, invokes…

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# USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny — Moody’s

# USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny — Moody’s

” USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny — Moody’s “ Recent turmoil in the traditional banking sector, culminating in USD Coin (USDC) losing its peg, could negatively affect stablecoin adoption and potentially increase calls for regulation, argued credit rating agency Moody’s Investors Service.  In its latest “Sector Comment” report published on March…

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# Binance replaces BUSD in SAFU Fund with TUSD & USDT

# Binance replaces BUSD in SAFU Fund with TUSD & USDT

” Binance replaces BUSD in SAFU Fund with TUSD & USDT “ Cryptocurrency exchange Binance announced on March 17 that it has replaced BUSD holdings in the Secure Asset Fund for Users (SAFU) with TrueUSD (TUSD) and Tether (USDT). The move comes in response to Paxos’ recent decision to stop minting new Binance USD (BUSD), leading to…

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# Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up

# Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up

” Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up “ Crypto investors should know by now that it doesn’t take much to topple a distressed multi-billion-dollar firm. On March 10, California regulators officially shut down Silicon Valley Bank (SVB) 48 hours after the company disclosed it was in financial distress. As Cointelegraph reported at…

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# Banking crisis: What does it mean for crypto?

# Banking crisis: What does it mean for crypto?

” Banking crisis: What does it mean for crypto? “ Last week’s rapid collapse of Silvergate, Silicon Vallley Bank and Signature Bank have highlighted the fragility of the traditional banking sector while depriving crypto of the main fiat on-ramp points in the U.S.  Most observers agree that the collapse of SVB, like the one of…

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# Let First Republic and Credit Suisse burn

# Let First Republic and Credit Suisse burn

” Let First Republic and Credit Suisse burn “ When crypto markets took a hit after the collapse of FTX and other crypto lenders last year, some crypto critics repeated the mantra, “Let crypto burn.” Now, it’s big banks that are faltering — including Credit Suisse and First Republic — after regional banks, including Signature…

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