US housing agency FHFA considers digital assets like Bitcoin for mortgage collateral
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The US Federal Housing Finance Agency (FHFA) is reviewing whether digital assets like Bitcoin can be used as collateral for mortgages, marking a potential shift toward integrating crypto into traditional home financing. Meanwhile, the Federal Reserve has followed the FDIC and OCC in dropping the “reputational risk” factor from its oversight, clearing the way for banks to better serve crypto firms. Despite a $27 billion Huione ban on Telegram, dark market activity persists as merchants quickly move to Tudou Guarantee, a rival platform partly owned by Huione. Check out the stories below for full details.
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The global crypto market cap is $3.25 trillion, with a 24-hour volume of $150.18 billion. The price of Bitcoin is $105,393.04, and $BTC market dominance is 64.4%. The price of Ethereum is $2,441.94, and ETH market dominance is 9.0%. The best-performing sector is Virtuals, which gained 16%. The Crypto Fear & Greed Index is currently Greed (65).
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US housing agency FHFA considers digital assets like Bitcoin for mortgage collateral
FHFA's exploration of crypto in mortgage processes reflects a wider regulatory shift towards embracing digital financial assets.
Fed joins regulators dropping reputational risk factor, clearing banks to serve crypto firms
The Fed memo follows FDIC and OCC decisions to also remove the reputational risk from their oversight frameworks.
Dark market activity on Telegram persists despite $27B Huione ban – Elliptic
Merchants immediately moved to Tudou Guarantee, a rival in which Huione owns a 30% stake.
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