Coinbase brings bitcoin into the mortgage process
Coinbase and Better Mortgage have opened their bitcoin-backed mortgage program to Coinbase One members, giving BTC holders a way to buy a home without selling their coins. How does it work? Borrowers get a traditional Fannie Mae conforming mortgage plus a separate loan to cover the down payment, secured by bitcoin held through Coinbase Prime. Roughly $2.50 of BTC is required for every $1 borrowed for the down payment, but unlike a typical crypto loan, falling bitcoin prices don’t trigger margin calls or force borrowers to add collateral. Better closed the first loan in June; now the product is generally available. Read more →
First quantum-resistant BTC transaction successfully executed
StarkWare researchers have successfully sent what they describe as the first quantum-safe transaction on Bitcoin mainnet, showing that individual holdings can potentially be protected from future quantum attacks without first changing Bitcoin’s core protocol. The catch? This was very much a proof of concept – the transaction cost roughly $150–$200, required hours of computation and had to be submitted directly to a miner. StarkWare still says a soft fork is the better long-term fix, but the experiment shows Bitcoin may have another fallback as the quantum debate heats up. Read more →
Bitcoin’s Correlation Is Shifting Toward Gold
For the past two, BTC has traded more like a tech stock than anything else. That relationship has now flipped. BTCs 90-day correlation with Nasdaq 100 has fallen from over 60% to roughly 33%, while its correlation with gold has risen from barely more than zero at the start of the year to above 50% (an all time high). The shift is only 20 trading days old, but it’s a bullish signal nonetheless. Read more →
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