FHFA Orders Preparation to Count Cryptocurrency as Mortgage Asset
The Director of the Federal Housing Finance Agency (FHFA) has officially ordered major housing entities to begin preparing to recognize cryptocurrency as an asset in mortgage applications. The directive, which targets government-sponsored enterprises such as Fannie Mae and Freddie Mac, calls for the inclusion of digital currencies like Bitcoin and Ethereum when evaluating borrowers’ financial […]
Tether Plans to Become the World’s Largest Bitcoin Miner by the End of 2025, Says CEO
Tether, the company behind the world’s largest stablecoin USDT, is making aggressive moves to dominate the Bitcoin mining industry. According to its CEO Paolo Ardoino, the company is on track to become the largest Bitcoin miner globally by the end of 2025. The announcement comes as part of Tether’s broader strategy to expand beyond its […]
Barclays to Block Crypto Credit Card Purchases Starting June 27 Over Fraud and Volatility Fears
Barclays has announced that it will prohibit the use of its credit cards for purchasing cryptocurrencies starting June 27, 2025. The bank cited concerns over growing fraud cases and the extreme volatility in the crypto market as the key reasons behind this move. The restriction, which will apply across all Barclaycard credit products, is designed […]
Russia’s New Stablecoin A7A5 Sparks Concern Over Links to Sanctioned Crypto Exchange
A new ruble-pegged stablecoin called A7A5 has surfaced in Kyrgyzstan, quickly attracting global attention for its massive transaction volume and controversial connections. Within just a few months of its launch, A7A5 has processed an astonishing $9.3 billion despite only having around $156 million in circulating supply, raising serious questions about its true purpose and the […]
BIS Criticizes Stablecoins, Urges Tight Restrictions on Their Use as Money
The Bank for International Settlements (BIS) has issued a strong warning about stablecoins, asserting that they are not suitable substitutes for traditional forms of money. In a newly released report, the central banking institution argued that stablecoins, despite being pegged to national currencies, fail to deliver the fundamental qualities of sound money and should face […]