When you refinance your mortgage, you essentially pay off your current mortgage before replacing it with a new one. A person may refinance their mortgage to shorten their mortgage term. Or, they may do so to obtain a lower interest rate. However, your debt-to-income ratio should be low if you want to qualify. Your credit…
Meta Platforms Inc-backed Diem Association sold its assets to crypto-focused bank Silvergate Capital Corp, Diem said on Monday, ending the tech giant’s ambitious push to get its billions of users transacting in its own currency. Silvergate said in a separate statement that it had paid $182 million for Diem’s intellectual property and other assets. The…
Bitcoin is closing out a rough month, with January declines putting the digital coin on pace for its worst start to a year since the dawn of the 2018 “crypto winter.” The largest cryptocurrency by market value has notched only about a dozen up days this month, according to data compiled by Bloomberg, with the…
India’s finance minister on Tuesday said the central bank will introduce a digital currency in the next financial year using blockchain and other supporting technology. “Introduction of a central bank digital currency will give a big boost to digital economy. Digital currency will also lead to a more efficient and cheaper currency management system,” Nirmala…
Digital Rupee is proposed to be introduced by RBI using blockchain technology starting from 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday. In her Union Budget 2022-23 speech, she also said Rs 1 lakh crore financial assistance to states will be provided in 2022-23 to catalyse investments. The finance minister further said that in 2022-23,…
