Crypto News Mid Week March 23rd

Figure Technologies Reveals Crypto-Backed Mortgage Products

Blockchain lending startup Figure Technologies unveiled Crypto Mortgage and Crypto Mortgage PLUS, both of which allow users to borrow against their bitcoin (BTC) or ether (ETH) to fund home purchases.

“Any amount up to $20 million, for a 30-year mortgage,” said co-founder Mike Cagney on his LinkedIn page. The loans will also be 100% loan-to-value (LTV), i.e. “you put up $5 million in bitcoin or ether, we give you a $5 million mortgage.” Read More

Bitcoin, Ethereum Technical Analysis: ETH Falls Below $3,000 as Crypto Gains Encounter Resistance

The global crypto market cap was 0.69% lower as of writing, as gains in BTC eased on Wednesday, and prices encountered resistance. 

Following a high of $43,336 during Tuesday’s session, BTC/USD rose to an intraday low of $41,877.51 on Wednesday.

This came as BTC was unable to sustain yesterday’s breakout from the $42,500 resistance, as bulls likely liquidated positions, securing earlier gains in the process. Read More

NFL Approves Limited Blockchain Sponsorships — How Further Crypto/NFT Lenience Could Expand Profits Exponentially

In a March 22 memo obtained by CNBC, the NFL said it made the decision to allow “promotional relationships without undertaking excessive regulator or brand risk” after it completed an evaluation of the technology. The permissions, which are subject to the NFL’s approval, exclude stadium signage. For now, restrictions remain in place concerning specific cryptocurrencies and fan tokens, which can be exchanged for merchandise and experiences, per the memo. Read more

The Rise of Illegal Crypto Mining Hijackers – And Big Tech’s Response

Big tech firms like Google and Amazon are on high alert about cryptojacking threats to their cloud servers. As this type of attack grows more prevalent, consumer awareness remains the key to cyber defense, experts say.

Cryptojacking is a type of cyber attack whereby hackers hijack a computer’s resources and use them to mine cryptocurrencies. The most popular coin mined this way is the privacy coin monero (XMR), which is widely used throughout the dark web. Read More..

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