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What are crypto-backed mortgages, and how do they work?
Using cryptocurrencies like Bitcoin (BTC), Ether (ETH) or other digital assets as collateral to get a standard mortgage loan is known as a crypto-backed mortgage.
The idea of using cryptocurrencies as loan collateral surfaced as the cryptocurrency market gained popularity. The extreme volatility and potential for significant value appreciation in the crypto market inspired the notion of leveraging these digital assets to secure conventional loans.
In crypto-backed mortgages, the loan amount is based on the cryptocurrency’s value, and the digital assets are kept as security until the loan is paid back. To enable safe and open transactions, these organizations use blockchain technology and smart contracts to facilitate cryptocurrency-collateralized loans, which utilize digital assets as security to obtain loans.
When a decentralized lending platform called Salt Lending was introduced in 2018, it became the first notable instance of cryptocurrencies-backed mortgages. Borrowers could use their cryptocurrency holdings as security for loans through Salt lending. Though the idea ran into legal and regulatory issues, the business later altered its offers. Read More
Jacobi Asset Management Launch Europe's First Bitcoin ETF
Europe's inaugural Bitcoin exchange-traded fund went live today on Euronext Amsterdam, beating the U.S. to the punch.
Europe has beaten the U.S. with the roll-out of the first Bitcoin exchange-traded fund (ETF) as London-based Jacobi Asset Management today announced the product's listing on Euronext Amsterdam.
After receiving approval from the Guernsey Financial Services Commission (GFSC) in October 2021, the firm initially planned to launch its Bitcoin ETF product last year.
It, however, decided to postpone the launch, deeming it an inopportune time due to the collapse of the Terra ecosystem and the bankruptcy of the FTX crypto exchange.
Today, the Jacobi FT Wilshire Bitcoin ETF is finally live, trading under the ticker BCOIN. It charges investors a 1.5% annual management fee. Read More
Coinbase Launches in Canada — Executive Says Canada 'Well Positioned' to Be a Global Leader in Crypto Economy
Nasdaq-listed crypto exchange Coinbase has officially launched in Canada with new offerings to “make cryptocurrencies more accessible to millions of Canadians.” A Coinbase executive stated: “Canada is well positioned to be a global leader in the cryptoeconomy.”
Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced its “official launch in Canada” with a series of new offerings on Monday.
Coinbase CEO Brian Armstrong tweeted announcing the launch, stating that his company’s Canadian operation has new leadership, new payment rails, new regulatory milestones, and 200 local employees. “Smart countries are embracing this technology (and creating regulatory clarity) to help update the financial system and drive economic growth,” he described.
“Through its partnership with Peoples Trust Company, part of Peoples Group, Coinbase is now providing access to Interac e-transfers to 100% of Canadian Coinbase users,” the exchange’s announcement details, elaborating: “This will make cryptocurrencies more accessible to millions of Canadians.” The Nasdaq-listed crypto firm noted that “Depositing funds to Coinbase using Interac is free and almost instant,” adding that in the last month, over 50% of deposits have been made through Interac e-transfer. Read More
Navigating The Best PR Agencies In The Blockchain Realm
The enduring enigma around the inability of most contemporary crypto enterprises to surpass their competitors endures due to a fundamental overlook in understanding the importance of cryptocurrency marketing agencies. It is high time we acknowledged the crucial significance of crypto marketing agencies, whose function is essential in promoting innovation and engaging the intended audience.
Ensuring the dissemination of a project's narrative to the appropriate audience is of similar significance compared to creating a compelling whitepaper and roadmap. This means achieving success is contingent upon these fundamental principles: Building a project that solves a problem and comprehending the intricate mechanics of marketing.
To establish a connection between technological expertise and successful marketing strategies, companies need to understand cryptocurrency marketing agencies' significant contribution to every crypto project's success. In this article, we'd look at key crypto marketing firms that have proved reliable over the years in the crypto space. Read More
Because of Solana’s POH method, it can horizontally scale the rest of the blockchain, the same way that operating systems and databases scale their software. Each Solana team member has over a decade of experience working in operating systems GPU acceleration. Compilers, networks, etc., giving them extensive and deep experience optimizing software.
Solana is based on scaling software with hardware, with the vision of building the world's largest decentralized, single chart blockchain. The only way to do that is by scaling all the core technologies with hardware.
Scaling the Blockchain in this way delivers a cheap cryptographic base for financial transfers and, more importantly, outside of finance. It is a way for Solana to build a better web experience for social media communities regarding micropayments.
Also, advertising-based revenues can be relinquished for social networks, leading communities to generate value by self-expression, creating their own content, and growing the network and the connections within the community, creating a better world for all. Read More
How to protect your privacy online
Discover effective strategies to maintain online privacy and learn how to safeguard your personal information while navigating the digital landscape.
As the world becomes increasingly connected through digital platforms, preserving online privacy has become more critical than ever. For individuals engaged in the world of crypto, decentralized finance (DeFi) and blockchain — where financial transactions and personal data are often involved — safeguarding privacy is of utmost importance.
This article offers practical strategies to protect online privacy within the realm of cryptocurrency and blockchain technology.
The emergence of cryptocurrencies and blockchain technology has transformed the way financial transactions are conducted. While these innovations offer numerous benefits, they also introduce new challenges, particularly in terms of privacy and security.
Cryptocurrencies operate on decentralized networks, enabling users to transact directly without intermediaries. However, these transactions are often recorded on public ledgers, making transaction details visible to anyone with access to the blockchain. Read More
How to Recover Ethereum From Old GETH Wallets - KeychainX Expert Explains
Recovering an old GETH client can be a daunting task, but with the right hardware, software and information, it is possible. It involves locating the wallet file and cracking the password, using specialized tools such as those developed by the digital assets recovery experts at KeychainX. Once the password is recovered, the wallet can be decrypted and the private key imported to access the stored ETH.
Can an Old GETH Wallet Be Recovered?
Geth (go-ethereum) is an execution client which has been a core part of Ethereum since its very inception. If you have an old wallet that has been lying around for years, and you can’t access it anymore, due to a bug or a missing password, there is still a chance to recover the assets locked inside. Just follow the detailed instructions in this article from KeychainX.
The first step is to check the authenticity of the wallet by opening it with a general text editor and checking for the string address. This can be pasted into etherscan.io with a 0x added in front to see if the address still holds any ETH. Read More
Blockchain Is a Way of Thinking – Shaping the Future of Humanity
All too often, humanity falls into a pattern of thinking – and doing that loses its effectiveness over time. We tend to cling to the path of least resistance, stagnating as we hold on to outdated ideas.
Many things that are today taken for granted were once vehemently opposed by some section of society – be it the ideas of germ theory, that we live in a heliocentric solar system or that anaesthesia is actually a good and useful thing – as humans, we tend to kick against changes until our feet hurt.
One of the most recent revolutionary concepts that we have seen growing, with a hell of a lot of pushbacks, is the implementation of blockchain technology.
The decentralized, transparent and immutable nature of blockchain has the potential to revolutionize not only the financial world but also the very fabric of our society. Read More
Bitcoin Market's ‘Open Secret’ Could Disappear as Coinbase Offers Crypto Futures in US
A lack of options when it comes to crypto futures has hurt market participants in the U.S., said CoinFund President Christopher Perkins.
Cryptocurrency exchange Coinbase announced on Tuesday it’s received regulatory approval to roll out crypto futures to customers in the U.S., and the move could marry two of Bitcoin’s markets in a substantial way while spurring more adoption.
Through its newly registered merchant with the Commodities Futures Trading Commission (CFTC), Coinbase Financial Markets will offer spot crypto trading alongside crypto futures, which serve as the basis for several Bitcoin ETFs in the U.S.
Bitcoin futures ETFs, first launched in 2021, give investors exposure to contracts that trade on CFTC-regulated exchanges. While futures contracts convey the right to buy or sell Bitcoin at a set price in the future, they do not warrant ownership of Bitcoin itself. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
