Crypto News
Crypto Gains Let Poor People Buy Houses, U.S. Research Finds, But Risks May Lurk
Crypto investing may have allowed lower-income Americans to buy their own homes at a higher rate than the rest of the population, according to a paper released Tuesday by the U.S. Treasury's Office of Financial Research.The rise in cryptocurrency investment in recent years came with a pronounced uptick in debt — most notably mortgages — sought in the areas where digital assets activity was highest, according to the research conducted by the Treasury's independent arm that sniffs out U.S. economic hazards. It was looking for evidence that such financial stretching may be a danger to U.S. stability, but so far the researchers found that delinquency rates in those places have remained low."Low-income consumers in high-crypto exposure areas are disproportionately more...
Bitcoin’s Tumble to $91K Evokes Thanksgiving ‘Massacre’ of 2020
The fall of 2020 was an exciting time for crypto, with bitcoin — after beginning the year around $7,000 and plunging to below $4,000 during the March Covid panic — in the middle of a rollicking bull market and appearing set to push through the $20,000 milestone.Mr. Market had a different idea though and as families began to get together for the U.S. Thanksgiving holiday, a wave of selling took place. Between East Coast Wednesday morning hours and the first football game early afternoon Thursday afternoon, bitcoin plunged from roughly $19,500 to $16,200, a decline of nearly 17%. The action was quickly dubbed the Thanksgiving Day Massacre.Exactly four years to the day later, bitcoin is seeing another swift decline after...
Missing ‘Crypto Queen’ Ruja Ignatova ‘May Be Hiding in Russia’
The source pointed to the OneCoin fraudster's potential links to the Kremlin, disgraced Ukrainian politicians, and the fate of her security advisor.Source link
Ethereum Opens Applications for Next Billion Fellowship Cohort 5
Ethereum is now accepting applications for the Next Billion Fellowship Cohort 5, a program designed to leverage blockchain technology for solving real-world challenges. (Read More)Source link
Record-Breaking $15.5 Million Bug Bounty Launched for Uniswap Version 4
The largest decentralized exchange (dex) platform by volume, Uniswap, has unveiled a $15.5 million bug bounty program. Reportedly, it is the largest bug bounty in decentralized finance (defi) history, aimed at ensuring the security of its upcoming version four (v4) protocol. The announcement follows the Ethereum Foundation’s Attackathon, highlighting a growing focus on blockchain security.Source link