Bacon Protocol launches decentralized mortgage platform
Bacon Protocol on Tuesday launched a decentralized mortgage platform that allows crypto holders direct access to the mortgage investment market via a new stablecoin backed by USD Coin (USDC) and home loans. Bacon also stated on Tuesday that it will perform a public sale of the bHome token, which is characterized as a Stable+ Coin […]
Acting OCC head cautions that ‘fools gold’ in DeFi reminds him of lead-up to Great Financial Crisis
Acting OCC Director Michael Hsu warned that some crypto and DeFi financial instruments were reminiscent of those that triggered the 2008 Global Financial Crisis (GFC). However, despite the fact that cryptocurrency has mostly avoided the ravages of hacking, scams, and collapses in the past, acting OCC chief Michael Hsu warns that the risks may be […]
United Wholesale Mortgage to accept crypto payments this year
During a conference call to discuss the company’s second-quarter performance, United Wholesale Mortgage CEO Mat Ishbia stated that the company intends to accept cryptocurrency payments this year. In a move that will begin this year, United Whole sale Mortgage (UWM), the second largest mortgage lender in the United States, plans to accept cryptocurrency payments, starting […]