Citi calls out potential risks of crypto-backed mortgages and benefits of metaverse property
Investment banking giant Citigroup has released research on how property technology could affect the housing market, mentioning virtual estate in the metaverse and cryptocurrency-backed mortgages. In a report released Wednesday titled, “Home of the Future: PropTech — Towards a Frictionless Housing Market?” Citi said crypto, blockchain and property in the metaverse had the “potential to […]
Jim Cramer cashes out half his 'phoney money' Bitcoin to pay off mortgage
Business TV personality and converted Bitcoin proponent Jim Cramer has sold half of what he calls his “phoney money” Bitcoin portfolio to pay off his mortgage. .@jimcramer discloses that he bought a lot of bitcoin when it was around $12K. He says he sold half of it to pay off his mortgage yesterday. “It was […]
Pioneering Aussie engineer refinances home loan using DeFi in a single day
A software engineer has taken decentralized finance to a new level of practicality, by paying off his mortgage with Commonwealth Bank of Australia and refinancing the loan through fixed-rate lending protocol Notional Finance. The move marks a major step for the fledgling DeFi sector and more fixed-rate lending protocols in DeFi may attract additional users […]