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news-imageNovember 27, 2024

Crypto windfalls boost homeownership dreams for low-income Americans

Low-income households in the United States are turning crypto profits into opportunities for homeownership, as revealed by a Nov. 26 report from the Office of Financial Research (OFR), a US Treasury Department research arm. Samuel Hughes, Francisco Ilabaca, Jacob Lockwood, and Kevin Zhao conducted the study based on tax data.
Publisher: CryptoSlate
Sentiment: Positive
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cover-imageCrypto Economy
November 27, 2024

Report Highlights Role of Crypto in Mortgage Growth Among Low-Income Families

TL;DR Cryptocurrency gains are enabling low-income households to access larger mortgages, particularly in areas with high exposure to crypto assets. Between 2020 and 2024, the average mortgage balance in these areas increased from $172,000 to $443,000, accompanied by higher debt levels in loans and credits.

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Positive
cover-imageUToday
November 27, 2024

Fed Hints at Gradual Rate Cuts: Crypto Market Responds

A summary of the Fed's November meeting minutes was published on Tuesday, with Fed officials expressing confidence that inflation is falling and that future interest rate decreases might be gradual.

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Positive
cover-imageCrypto news
November 27, 2024

CZ champions AI tagging integration for crypto chains

In a recent X post, the Changpeng ‘CZ' Zhao shares his thoughts on the use of AI tagging on-chain and why AI integration would be beneficial for crypto moving forward. On Nov.

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Positive
cover-imageCoinpaper
November 27, 2024

Iran Targets Financial Modernization with CBDC Rollout

Iran is gearing up to launch its digital rial CBDC to modernize its financial system and counter international sanctions, leveraging blockchain technology and strategic partnerships.

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Negative
cover-imageCrypto Economy
November 27, 2024

Kraken Ends NFT Marketplace: Massive Shakeup for 2025 Blockchain Launch

TL;DR Kraken is closing its NFT marketplace, transitioning to a withdrawal-only mode from November 27, 2024, until the final shutdown on February 27, 2025. The closure is part of Kraken's strategy to reallocate resources towards new and more promising initiatives, reflecting its commitment to innovation.

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Positive
cover-imageCryptoGlobe
November 27, 2024

CNBC's Jim Cramer Says Crypto Deserves a Place in Your Portfolio

Jim Cramer, the outspoken host of CNBC's “Mad Money,” took time on November 26 to address the public's reaction to his recent comments about cryptocurrencies. Opening with reflections on his recent series about market froth and excess, Cramer reminded viewers of the importance of securing gains in a volatile market.

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Positive
cover-imageCoindesk
November 27, 2024

Stablecoins Hit Record $190B Market Cap, Surpassing Pre-Terra Crash Peak: CCData

Stablecoin market capitalization rose to $190 billion this month, surpassing the pre-crypto winter peak of April 2022, CCData reported. The crypto rally this year and particularly since the U.S. presidential election fueled demand for stablecoins, which are widely used for trading.

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Positive
cover-imageCryptopolitan
November 27, 2024

US Federal judge shows support for crypto miner in Chinese ownership dispute

Attorneys representing Jones Eagle LLC, the operator of a crypto mining center, filed for a temporary restraining order (TRO) along with a preliminary injunction. US authorities began to listen to the crypto entity even before Trump's January inauguration.

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Negative
cover-imageCoinPedia
November 27, 2024

US Court Grants SEC's Request To Submit Combined Response In Binance Lawsuit

In the latest development, the US court has granted the SEC's request to submit an omnibus response to the Motions to Dismiss that shall not exceed 70 pages. Notably, the motion arrived in response to requests by Binance, Changpeng Zhao and Binance US to dismiss the amended complaint.

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Positive
cover-imageBeInCrypto
November 27, 2024

Binance Features World of Dypians: The Web3 Game You Can't Miss!

In a landscape where Web3 games often struggle to find their footing, World of Dypians calls players to embark on a new kind of digital quest. More than a game, WoD is a meta-world that beckons adventurers to leave the ordinary behind and step into the mythic.

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Neutral
cover-imageInvezz
November 27, 2024

Vitalik Buterin sells meme coins amidst efforts to promote integrity in the blockchain sector

Lookonchain data shows Vitalik Buterin, a computer programmer and Ethereum co-founder, sold some meme tokens for 22.89 $ETH today. He then donated 320 $ETH, worth approximately $1.07 million, to Coin Center. Coin Center is a Washington D.C.-based crypto policy advocacy institute. Buterin's transaction showcases his outlook on themed cryptocurrencies and dedication to digital assets education.

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Positive
cover-imageCrypto Economy
November 27, 2024

WalletConnect Airdrop Rewards Active Users with 50M Tokens for Staking

TL;DR WalletConnect has launched its first airdrop season, distributing 50 million tokens to over 160,000 users, builders, and contributors. Eligible users can stake their tokens for rewards, with staking periods ranging from one week to two years, starting December 19.

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Neutral
cover-imageBitcoin
November 27, 2024

Rwanda Preparing to Regulate Cryptocurrencies: ‘Cannot Get Rid of Them,' Says Governor

Rwanda is preparing to regulate cryptocurrencies in early 2025, the governor of the central bank has said. Central Bank Head Warns of Unregulated Crypto Rwanda is poised to implement regulations governing the use and trade of cryptocurrencies, according to John Rwangomba, governor of the National Bank of Rwanda (NBR).

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Negative
cover-imageCoingape
November 27, 2024

Binance Lawsuit: US Court Grants SEC's Request Amid Case Dismissal

Binance Lawsuit: A district court has granted the U.S. Securities and Exchange Commission's (SEC) motion to file an omnibus brief in response to the lawsuit dismissal. The motion came in response to requests by Binance, Changpeng Zhao and Binance US to dismiss the amended complaint.

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Positive
cover-imageCryptopolitan
November 27, 2024

Crypto adoption helps boost mortgage access for US low-income households

A new United States Treasury Department report has shown that lower-income households investing in crypto use their gains to take out mortgages. Researchers at the Treasury's Office of Financial Research, Samuel Hughes, Francisco Ilabaca, Jacob Lockwood, and Kevin Zhao, wrote the report titled Crypto Exposure and Household Financial Conditions.

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Neutral
cover-imageCryptonews
November 27, 2024

Bitwise Proposes Bitcoin-Ethereum Market Cap Weighted ETP to SEC

Bitwise Asset Management has proposed a Bitcoin-Ethereum market cap weighted exchange-traded product (ETP) to the SEC, aiming to provide investors with balanced exposure to the two largest cryptocurrencies, pending regulatory approval. The post Bitwise Proposes Bitcoin-Ethereum Market Cap Weighted ETP to SEC appeared first on Cryptonews.

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