Tag: CryptoBacked

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Coinbase and Better Launch Crypto-Backed Mortgages With Fannie Mae Backing

Borrowers can pledge Bitcoin or USDC as down payment collateral without triggering a taxable event.Coinbase and Better Home & Finance announced a partnership on...

Coinbase, Fannie Mae to Enable Crypto-Backed Mortgages

In brief Fannie Mae will accept crypto-backed mortgages for the first time, allowing borrowers to pledge Bitcoin or USDC as down payment collateral. The program operates...

Coinbase, Fannie Mae bring crypto-backed mortgages to home buyers

U.S.-listed cryptocurrency exchange Coinbase (COIN) is working with Fannie Mae-approved mortgage firm Better Home & Finance Holding Co. (BETR), to enable crypto holders to...

Stratton wins Illinois Senate primary, defeating crypto-backed Krishnamoorthi

Illinois Lieutenant Governor Juliana Stratton is poised to become the next Senator from the state after winning the Democratic primary Tuesday night, defeating Representative...

Crypto-Backed PAC Spends $8.6M in Illinois Races ahead of US Midterms

Fairshake, the political action committee backed by crypto companies Ripple Labs and Coinbase, among others, has reported additional spending on Illinois congressional races with...

Kraken Launches Flexline Crypto-Backed Loans with 10–25% APR

Crypto exchange Kraken has launched Flexline, a crypto-backed loan product that allows Kraken Pro users to borrow against their digital asset holdings without selling...

Coinbase’s Crypto-Backed Lending Product Expands to XRP and DOGE

In brief Coinbase’s crypto-backed lending product has expanded to several altcoins. Those include XRP, Dogecoin, Cardano, and Litecoin. The product faced a wave of liquidations earlier this...

Coinbase’s Crypto-Backed Loans Notch Record Liquidations Amid Bitcoin, Ethereum Plunge

In brief Thousands of Coinbase users lost money this week as crypto-backed loans soured. The exchange’s users have faced $170 million in liquidations over the past...

Sberbank moves toward crypto-backed lending as Russia readies regulation

Russia’s largest bank, Sberbank, is moving toward offering loans secured by cryptocurrency and said Friday it is prepared to coordinate with the country’s central...

Nexo To Pay $500K Fine Over ‘Risky’ Crypto-Backed Loans

Crypto lending company Nexo Capital will pay a $500,000 to California’s financial regulator over allegations it issued thousands of loans to state residents without...