Low-income crypto investors are using gains to buy houses: Treasury study
Low-income households with high crypto exposures saw the largest increase in mortgage and auto loan originations and balances, US Treasury research revealed. Go to Source
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Low-income households with high crypto exposures saw the largest increase in mortgage and auto loan originations and balances, US Treasury research revealed. Go to Source
The Donald Trump-backed crypto platform, World Liberty Financial, wants to run as an instance on the DeFi protocol Aave. Go to Source
Layer-2 chains Base and Scroll have contributed to Aave’s recent borrower and depositor growth. Go to Source
The DeFi lending and borrowing protocol has confirmed it was affected by a malfunctioning Binance price oracle but confirmed user funds were safe. Go to Source
Fiscal policy shapes economies through government spending, taxation and borrowing. Go to Source Powered by WPeMatico
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the money supply is officially contracting.” This has only happened four times in the last … Read more
Janet Yellen, the U.S. secretary of the Treasury, sent a letter to Congress on Friday urging lawmakers to increase the spending limit. Yellen stressed that the country would reach its statutory debt limit on Jan. 19, 2023. She warned that “failure to meet the government’s obligations would cause irreparable harm to the U.S. economy, the … Read more
The overhaul of the protocol, dubbed “Maple 2.0” comes only weeks after the platform saw two major defaults on the back of FTX’s collapse. Go to Source Powered by WPeMatico
The anonymous creator, 0xngmi, has developed a new protocol allowing users to become liquidity providers for their nonfungible token collections. Go to Source Powered by WPeMatico
Decentralized money markets function without a custodian, allowing only the original user to withdraw funds deposited by lenders and borrowers. Go to Source Powered by WPeMatico