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How Will Brexit Affect Mortgages?

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Brexit – it’s just over a year ago that, for better or worse, the United Kingdom voted to leave the European Union and strike out on its own.

The knock-on effects have been many, including the resignation of one prime minister, and a snap election failing to secure a majority for another. Everything will be affected, mortgages included.

In the vote’s aftermath, London house prices dropped £30,000 on average. A year on, house price changes continue to cause concern, evidenced by a report from the London School of Economics (LSE) this July. It warns that a Brexit recession and a fall in real earnings could cause a house price crash.

In reality, it remains unseen as to how existing mortgages will be directly affected. But there is a lot of speculation about what will happen when the deal is done.

Some are recommending that home earners protect themselves from market forces by switching from a variable to a fixed-rate mortgage, while they still have the time. However, there is absolutely no guarantee that this is the best course of action. It will depend entirely on the actions and decisions of Bank of England governor Mark Carney, and whether or not he chooses to raise interest rates above the historically low 0.25% threshold.

Worst of all, opinions being offered are based on the same partisan support for leave or stay. This is obviously unhelpful for people who are doing their mortgage research across a wide spectrum of media – as they should.

In late 2016, remain champion The Guardian urged readers to fix their mortgage rates sooner rather than later, while The Daily Express, a vocal organ for leave, promises that repayments could be ‘slashed’ as Brexit develops.

For those who don’t have a mortgage yet, however, things could be trickier. According to the Royal Institute for Chartered Surveyors, the number of houses that are on the market are at a record low. Combined with the fact that lender appetites are slim – the number of approved mortgages fell by more than 2,000 between January and February of this year – and new buyers could be in for a very tough time indeed.

Going into 2018, the housing market is set to feel these combined forces, slowing down some 16% for the year as a whole. However, estate agents Savills insist that this will not be the case for long, predicting that house prices will rise again by 13% in five years time.

In reality, the fate of Britain’s housing market will depend entirely on the success of Brexit negotiations, which are now in full swing. A healthy property market will depend on UK economic health overall. If negotiations go badly, it will cause the pound to drop in value, inflation to surge and interest rates to rise – then house price growth will slow to a trickle as a result. In turn, this will reduce the number of mortgages, as weary homeowners hold out for better days before selling up.

However, this all changes if negotiations go well. A good deal for the UK will see economic growth continues to stay at a positive level, boosting confidence and acting as a catalyst to see house prices rise earlier and faster than the reality we currently face.

Additionally, there are a wide range of other, recent, developments that could be having a slowing effect on the housing market. Changes to stamp duty, Millennial views on house buying and other factors could slow demand, causing houses to drop in the process. Brexit is a major, once-in-a-generation event that will undoubtedly affect every facet of British society and, as home ownership is a major part of our island’s culture, that will include every aspect of mortgages, house prices, and even renting.

Really, as much as the experts postulate, only time will tell what happens. Choose to stay informed, keep your eye on the interest rates and Brexit negotiations, and you will be able to better plan ahead for your financial future.

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Ethereum Ranks Second as the Most Owned Crypto in UK, Bitcoin First!

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Ethereum Ranked Second as the Most Owned Crypto in UK, Bitcoin First!
  • It is estimated that 32.9 percent of UK crypto owners possess Ethereum.
  • 2,013 internet users in the United Kingdom were polled.

Late in 2021, the cryptocurrency market was very volatile and experienced a drastic shift from extremes in the bigger market. Crypto users in the United Kingdom seemed to be taking it slowly throughout the recent sell-offs and feverish market periods. With 2,013 internet users in the United Kingdom being polled, Finder.com came up with various findings.

The UK’s crypto community appears to have rekindled its enthusiasm for Ethereum, despite a lack of interest and acceptance in other cryptocurrencies. It is estimated that 32.9 percent of UK crypto owners possess Ethereum, putting it in the second position in terms of crypto ownership after only Bitcoin.

Read More: Bitcoin Price Prediction

Read More: Ethereum Price Prediction

Crypto Adoption Rate At a Mere 1%

There was an increase in the percentage of people owning cryptocurrencies from 11.2% to 15.5% last year, although, in certain countries, this rise was stifled. When comparing the two polls, the United Kingdom had one of the fewest increases in crypto holdings, moving from 5.2% to 6.1%, with a modest 1% increase in that time frame.

UK crypto ownership is much lower than the worldwide average of 15.5%, according to an ongoing poll of Internet users in 27 nations. With only 17 percent of respondents saying they believe crypto is an excellent investment, Britain was rated 23rd out of 23 nations in November 2021 for favorable opinions towards cryptocurrencies.

Despite the glimmering figures on ETH, Bitcoin remains the most popular cryptocurrency, owned by 42.8% of those who own digital assets. Third place went to Ripple, with 17.4 percent, followed by Solana with 15%, while Dogecoin only had a 1% gain.

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DeFi Data Network Unmarshal Doubles Down on Solana, Signs Key Advisor

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DeFi Data Network Unmarshal Doubles Down on Solana, Signs Key Advisor

Bangalore, India, 17th January, 2022, Chainwire

since its launch in 2021, Unmarshal” rel=”nofollow noopener” target=”_blank”>Unmarshal has continued to look for ways to improve its ecosystem to provide the best services to existing blockchains. Now in 2022, the DeFi network has added a key advisor, Brian D. Evans” rel=”nofollow noopener” target=”_blank”>Brian D. Evans, to the team to strengthen the protocol. 

Brian D. Evans is an Inc. 500 Entrepreneur, Forbes top digital marketer, investor, and blockchain/crypto industry veteran. With his wealth of experience and connections, Evans, who is also a Founder of ReBlock Ventures” rel=”nofollow noopener” target=”_blank”>ReBlock Ventures alongside Kenn.eth” rel=”nofollow noopener” target=”_blank”>Kenn.eth boasts almost 1 million followers on his Twitter” rel=”nofollow noopener” target=”_blank”>his Twitter. Evans and ReBlock will help Unmarshal become industry dominant by suggesting key initiatives, and connecting high level players. 

Speaking on the appointment, Evans said “They’ve managed to recruit top development talent, I can see this platform doing very well. I’m excited to open up my Rolodex and help them achieve large scale industry adoption.”

Unmarshal Boosts Its Query Mechanism for Apps on Solana

Aside from signing Evans, the multi-chain DeFi data network is strengthening its querying support for decentralized applications built using Solana’s API. The added support will provide safe real-time data to DApps.

The Solana Network” rel=”nofollow noopener” target=”_blank”>Solana Network was one of the most deployed chains in 2021 due to its incredible throughput, ultra-low gas fees, and scalability. The chain can process over 50,000 transactions in a second, making it faster than all the blockchains in the industry. All these are made possible due to the network’s Proof of History and Proof of Stake consensus mechanisms. 

The chain hosts over 1000 decentralized apps, including decentralized exchanges, GameFi projects, and NFT marketplaces. The trilemma – speed, scalability, and security led to the growth of the blockchain and its native cryptocurrency SOL. 

With the chain agnostic solution improving its API for Solana, DApps can collect data effectively without creating codes. DeFi projects on Solana can work with our experts to form the correct data response and structure. The network’s data can also be queried. 

API Can Perform a Wide Range of Applications

Aside from enabling a rapid querying support system for DApps on Solana, Unmarshal will add Solana onto the platform’s block explorer Xscan.io. The API will cater to a variety of use cases, such as NFTs, marketplaces, P2E gaming, and any other application on the Solana Network.

This API integration will allow the wallets to provide a clearer picture of token balances and the transfer history of the given asset and the entire wallet on the Solana chain. In addition, customers can get updated with instant alerts on any transactions that occur in their wallets. 

The integration with Solana will also allow wallets to fetch data about transaction hash, status, timestamp, and get details on assets listed on Solana, including their prices. Finally, the API integration will collect data of wallet NFT balances on the chain.

About Unmarshal

Unmarshal” rel=”nofollow noopener” target=”_blank”>Unmarshal is an agnostic chain solution launched in February, 2021. It’s a DeFi network that provides real-time data to dApps deployed on Solana, Binance Smart Chain, Polkadot, Ethereum, and so on. They are making moves to empower DApps on several Layer2 networks to have access to reliable on-chain data. The DeFi protocol offers convenient methods to query network data from supported chains and comprises powerful tools to support DeFi apps on any blockchain.

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Chingari’s $GARI Token To Make Historic Debut On 6 Top Crypto Exchanges

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Chingari’s $GARI Token To Make Historic Debut On 6 Top Crypto Exchanges

Mumbai, India, 17th January, 2022,

Chingari, the leading video sharing app in India, has achieved another first with the historic parallel listing of its native $GARI token on six of the world’s leading centralized cryptocurrency exchanges. 

Breaking new ground yet again, $GARI has become the world’s first cryptocurrency to launch simultaneously on six trading platforms – Huobi Global, FTX, KuCoin, Gate io, OKEx and MEXC Global.

$GARI is the native cryptocurrency token of Chingari, a short-video sharing platform that now ranks as the number one social media application in India on the Google Play store. The $GARI token was launched in October 2021 amid great fanfare by the company’s Bollywood superstar brand ambassador Salman Khan, and followed up with a record-breaking IDO via its Initial DEX offering on the SolRazr launchpad last month.

The $GARI token is built on Solana, an Indian-developed alternative to the Ethereum blockchain that offers the advantage of much faster transaction speeds and lower associated costs. $GARI is a social token that will empower creators on the Chingari platform to set up their own ecommerce spaces, where they can sell physical merchandise, create non-fungible tokens (NFTs) and enable fans to fund their favorite artists.

The aim is to drive a digital economy, in which users will also be able to obtain $GARI tokens for creating or watching content on the platform.

Chingari is the most popular social media app to experiment with cryptocurrency so far. The app has been downloaded more than 100 million times and counts over 32 million active monthly users, meaning $GARI has the key advantage of being able to tap into Chingari’s enormous existing audience. To date, few other cryptocurrency tokens have had such a large potential user base at launch.

$GARI’s listing on some of the world’s leading centralized crypto exchanges will generate yet more buzz around Chingari’s innovative project. Huobi Global, FTX, KuCoin and Gate are all ranked among the world’s top ten exchanges in terms of volume traded, traffic and liquidity, while OKEx ranked in the top 20 and MEXC Global sits in 26th place.

“Chingari is bringing the web3 revolution to the creator economy with its $GARI token,” Chingari CEO Sumit Ghosh said in a statement. “$GARI will enable 30 million monthly active users of the Chingari Short video app to get on-chain. For the first time in the history of blockchain, an app will onboard millions of users on-chain from the day of its launch. The Chingari and $GARI teams and the entire community are super excited about its launch and listing!”

Traders will be able to buy and sell $GARI tokens on Huobi Global, FTX, KuCoin, Gate , OKex and MEXC Global from 13:00 UTC on January 18, 2022.

About Chingari

Chingari is a short video sharing app built to cater to Indian audiences that allows users to create and share videos with incredible filters and games, shop for merchandise, send messages and more. With more than 85 million downloads and 32 million active users, Chingari is one of India’s fastest-growing social media platforms and the most popular app of its kind.

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