Real-estate-backed stablecoin USDR fell to $0.53 per coin on Oct. 11, but the team said it was merely a liquidity issue and that real estate holdings and digital assets will be used to support redemptions.
Category: Housing
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Bitcoin corrects on Fed rate hike, but bulls are prepared for Friday’s $1.2B options expiry
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.
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Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down
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Biden Administration Lowballs Inflation Predictions, Report Says Americans Are ‘Fixated’ on Dollar Value
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El Salvador explores low-interest loans backed by Bitcoin
The Salvadoran government is looking to create a Bitcoin-backed loan product for micro and small businesses across the country.
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Economist Mohamed El-Erian Says Fed’s Characterization of Inflation as ‘Transitory’ the ‘Worst Call in History’
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Inflation Plagues American Economy: US Consumer Prices See Fastest Rise in Close to 40 Years
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As US Expands Subprime Mortgage Program, Is a New Crisis Looming?
The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government. While that could lead to more members of certain social groups buying a first home, critics fear a new […]
The post As US Expands Subprime Mortgage Program, Is a New Crisis Looming? appeared first on Bitcoin News.
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Venezuela Wants to Use Petro to Finance Large Housing Program
Completing a project to build 3 million homes for its suffering population is the next big initiative Venezuela wants to finance with its digital currency, the petro. The socialist government in Caracas says there is enough money and materials to fulfill the main objective of the “Great Housing Mission.” Also read: Crypto-Friendly Statesman Takes Over Swiss […]
The post Venezuela Wants to Use Petro to Finance Large Housing Program appeared first on Bitcoin News.
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Xapo Estimated to be Housing 6.25% of Total BTC Supply
It has been estimated that approximately 6.25% of the total bitcoin supply has been deposited with Xapo – a Hong-Kong Based company providing bitcoin wallet, cold storage, and bitcoin-based debit card services. Xapo claims that BTC deposited with company are held in underground vaults located across five continents. Also Read: Ethereum Founder Responds to Charges of […]
The post Xapo Estimated to be Housing 6.25% of Total BTC Supply appeared first on Bitcoin News.
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