A coalition of high-ranking Senate Democrats is pushing back against Federal Housing Finance Agency (FHFA) Director William Pulte’s recent order that would allow mortgage lenders to utilize unconverted crypto in the underwriting process, according to a new letter sent to the investment firm founder. Senators Raise Red Flags Over Crypto Mortgage Lending According to the…
Grab has expanded its crypto wallet top-up feature to the Philippines, allowing users to fund their GrabPay e-wallets with Bitcoin, Ethereum, USDC, and USDT through a partnership with payments provider Triple-A and local exchange PDAX. The expansion builds on the successful launch of crypto top-ups in Singapore in March 2024, where Grab became the first…
OpenLedger has recently launched its AI chat platform OpenChat, which allows all users to earn from their contributions. According to the press release, this “is the first AI chat platform where every message, dataset, and model tweak is logged on-chain and credited to its source.” OpenChat records each exchange onchain via OpenLedger’s Proof of Attribution…
Major BTC lender Ledn has announced the launch of its Private Wealth program, “a tiered experience with relationship managers, expedited processing, and preferential rates.” Per the press release shared with Cryptonews, this program is specifically for high-net-worth clients, institutional investors, and corporations that “want to turn long-term Bitcoin holdings into strategic capital.” The new offering…
Solana co-founder Anatoly Yakovenko has dismissed meme coins and NFTs as “digital slop” with no intrinsic value, comparing them to mobile game loot boxes, despite his blockchain hosting the most active meme coin ecosystem, which generates billions in trading volume. Yakovenko made the comments during a Twitter exchange with Base’s Jesse Pollak, questioning whether Zora…
The Australian regulator has issued a warning against crypto exchange Bitget for offering “unlicensed crypto futures products.” The Australian Securities and Investments Commission (ASIC) said Monday that Bitget has been offering crypto futures products with 125:1 leverage without obtaining an Australian Financial Services (AFS) license. The product was advertised as “crypto futures trading,” luring Australians…
San Francisco-based crypto lender Divine Research is extending thousands of unsecured loans to borrowers across the globe, verified not through traditional IDs but with a scan of their eyes. The startup says it has issued around 30,000 short-term loans since December, the Financial Times reported Sunday. To identify borrowers, it uses World ID, the iris-scanning…
Metaplanet, the Tokyo-listed firm rapidly evolving into one of Asia’s most aggressive corporate Bitcoin holders, added another 780 Bitcoin to its treasury on July 28. The latest acquisition brings its total holdings to 17,132 BTC, marking a sharp climb from the 13,350 reported just a month ago. The company disclosed the purchase in a filing…
South Korean crypto exchanges paid their customers $87 million worth of interest on their fiat deposits in the past 12 months. Per the South Korean news agency Yonhap (via Daum), data on interest payments was submitted by the Financial Supervisory Service on July 27 after a freedom of information request from the Democratic Party lawmaker…
The United States is quickly becoming a hub for crypto entrepreneurs due to recent approval of positive blockchain legislation. The GENUIS Act was signed into law on July 18, marking a significant milestone for stablecoin adoption. Following this, Republican leaders on the US Senate Banking Committee released their version of legislation for a digital asset…