Coinbase funds first Bitcoin mortgage backed by Fannie Mae

With Bitcoin falling hard this week and down nearly 50% from peak. Strategy's Michael Saylor is pointing the finger at the AI boom.

Standard Chartered’s head of digital assets research, Geoff Kendrick, has outlined three specific scenarios that stand between Bitcoin and a new market low — a sobering analysis arriving as Bitcoin trades near $62,562, its lowest level since the February lows, and ETF outflows reach historically severe levels, according to a CoinDesk report. Related Reading: Bloodbath For Bulls: $623 Million In Bitcoin Longs Liquidated The analysis from one of the most closely watched institutional voices in crypto arrives as the broader market absorbs a brutal string of data points. US spot Bitcoin ETFs recorded $1.42 billion in outflows for the week ending May 29 — the third-worst weekly result in history — with total outflows over the preceding three weeks exceeding $4.21 billion, per Bitcoin Foundation’s tracking of ETF flow data. Bitcoin has simultaneously fallen to the lower boundary of the Power Law corridor, a long-term valuation model that plots price against time on a logarithmic scale, with

Bitcoin has fallen more than 15% this week and briefly slipped towards $61,000, yet Standard Chartered has kept its year-end price target at $100,000 and said the current decline may offer a buying opportunity. According to a note sent to…

Coinbase and Better launch America’s first Bitcoin-collateralized Fannie Mae mortgage, allowing homebuyers to keep crypto while purchasing homes. A major milestone has arrived for both the housing and cryptocurrency industries. The first Fannie Mae-backed mortgage backed by Bitcoin has been successfully originated in the United States, Coinbase announced. The loan was issued and is being […] The post First Bitcoin-Collateralized Mortgage Issued in America appeared first on Live Bitcoin News.

Bitcoin continued "incredible" 2022 bear market repeat behavior as sellers kept control over BTC price rebound attempts.

Coinbase froze more than $3 million in crypto tied to Southeast Asian scam networks as federal officials expanded a wider fraud crackdown. The DOJ-backed effort also involved major tech companies, law enforcement agencies, and infrastructure providers. How Coinbase’s $3M Freeze Fits Into a Wider DOJ Scam Crackdown Crypto exchange Coinbase (Nasdaq: COIN) said June 3 […]

Bitcoin’s $65,707 low and $1.9B liquidations reflect U.S.–Iran tensions, ETF outflows, and Mt. Gox moves. Here’s what’s breaking the range now.

Bitcoin has seen its network use fall to its weakest level in more than seven years as selling pressure and lower on-chain activity weigh on market confidence. Bitcoin Magazine data showed that the 60-day moving average of active Bitcoin addresses…