Opinion by: Dr. Scott Lehr In the early 2000s, getting a loan in the United States without verifying your income or assets was possible. It was called a “no-doc” or “low-doc” loan. The aim was to help self-employed or contract workers, but it was widely abused. Today, lenders verify income, assets, debt and employment. Whether…
Binance co-founder Changpeng “CZ” Zhao’s reported BNB holdings have rocketed past an estimated value of $75.8 billion as the token breached new all-time highs on Monday. BNB (BNB) tapped a new high of $850.70 on Monday, according to Nansen. Analysts said token burns, rising chain metrics and whale activity could be reasons for the price…
Roman Storm, one of the creators behind the Tornado Cash protocol, is seeking another $1.5 million to cover mounting legal costs as his landmark crypto trial enters its third week. In an “urgent call for support,” Storm asked for another $1.5 million in a July 26 X post, explaining that legal costs have been “piling…
Opinion by: Dr. Scott Lehr In the early 2000s, getting a loan in the United States without verifying your income or assets was possible. It was called a “no-doc” or “low-doc” loan. The aim was to help self-employed or contract workers, but it was widely abused. Today, lenders verify income, assets, debt and employment. Whether…
Top Stories of The Week Australian fintech Finder wins court battle over crypto yield product The Australian Federal Court ruled in favor of fintech company Finder.com, clearing it and its yield-generating product, Finder Earn, in a legal battle with the Australian Securities and Investments Commission (ASIC) that lasted almost three years. In a Thursday court…
Top Stories of The Week Australian fintech Finder wins court battle over crypto yield product The Australian Federal Court ruled in favor of fintech company Finder.com, clearing it and its yield-generating product, Finder Earn, in a legal battle with the Australian Securities and Investments Commission (ASIC) that lasted almost three years. In a Thursday court…
Opinion by: Dr. Scott Lehr In the early 2000s, getting a loan in the United States without verifying your income or assets was possible. It was called a “no-doc” or “low-doc” loan. The aim was to help self-employed or contract workers, but it was widely abused. Today, lenders verify income, assets, debt and employment. Whether…
A volatile macroeconomic landscape has sparked a new gold rush among institutional investors and central banks, with gold bullion hitting record highs this year — a trend that has also extended to Tether’s gold-backed digital token. By the end of the second quarter, Tether Gold (XAUt) — a tokenized commodity offering direct exposure to physical…
Top Stories of The Week Australian fintech Finder wins court battle over crypto yield product The Australian Federal Court ruled in favor of fintech company Finder.com, clearing it and its yield-generating product, Finder Earn, in a legal battle with the Australian Securities and Investments Commission (ASIC) that lasted almost three years. In a Thursday court…
Opinion by: Dr. Scott Lehr In the early 2000s, getting a loan in the United States without verifying your income or assets was possible. It was called a “no-doc” or “low-doc” loan. The aim was to help self-employed or contract workers, but it was widely abused. Today, lenders verify income, assets, debt and employment. Whether…