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A Short History of the Mortgage

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Most people know what a mortgage is, due to the fact that many people have one. But, do you know how the mortgage itself came about? Here is some basic history on the mortgage and where it came from:

In the beginning, a mortgage was just a conveyance of land for a fee. The buyer paid the seller a set rate, with no interest, and the seller would sign over the land to the buyer. There were usually conditions that had to be met before the land would be the property of the buyer, just like today, but usually it was based upon the assumption that the land would produce the money to pay back the seller. So, a mortgage was written due to this fact, and the mortgage stayed in effect no matter if the land produced or not.

But this old arrangement was very lopsided in that the seller of the property, or the lender who was holding the deed to the land, had absolute power over it and could do whatever they liked, which included selling it, not allowing payment, refusing payoff, and other issues which caused major problems for the buyer, who held no ground at all. With time, and blatant abuse of the mortgage system, the courts began to uphold more of the buyer’s rights so that they had more to stand on when it came to owning their land. Eventually, they were allowed to demand the deed be free and clear upon the payoff of the property. There were still steps taken to ensure that the seller still had enough rights to keep their interest safe and make sure that their money was paid.

In the U.S., some states have created their own version of the mortgage, which is why they are referred to as “lien states”. In England and Wales, the Law of Property Act of 1925 created a close parallel to the U.S.’s stance on mortgages. In 1934, mortgages began to be widely used again in the U.S., and the Federal Housing Administration helped to lower the down payments on homes to make it easier for buyers to purchase a home. During that time, around 40% of people in the United Sates owned homes. Now, that number is closer to 70%, due to the lower interest rates.

Although mortgages today have evolved into many different forms, they are still basically the same essential contract that they were in the beginning. Now, there are many more laws and regulations to help protect the buyer, seller, and creditor. There are also many different ways to lock in a low interest rate, you just need to talk to your mortgage broker about what the rates are now and what kinds of programs they offer to keep those interest rates low throughout the life of your loan.

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Elevate Brands Offering Bitcoin Payouts on Coinbase Prime

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Bitcoin Payouts

Elevate Brands announced today its “Cash or Coin” acquisition program and integration with Coinbase Prime.

As per industry observations, Elevate Brands is always looking for ways to make its acquisition and operating processes more efficient. They announced today that they would be integrating with Coinbase Prime to receive payment in bitcoin or other cryptocurrencies. It should help them conserve money by not having upfront costs when acquiring products from the Amazon marketplace.

This innovative new strategy enables Elevate to capitalize on opportunities in the crypto space and offers investors unprecedented access.

Ryan Gnesin, CEO of Elevate Brand, said;

“We’re excited to be at the forefront of Amazon’s new digital age, and we believe that cash or coin will make it easier than ever for consumers who want access into cryptocurrencies”

He further added;

“Integrating with Coinbase Prime gives us an edge in bringing our brands closer towards achieving this goal.”

Bitcoin price has managed to hold $37K price support well. Source: Tradingview.com

Nick Eary sold his company last year to Elevate. He will receive his bitcoin payouts next month. Sellers who get paid directly through the Coinbase Prime account benefit from lower fees or high volume limits and can access features not available on other platforms.

Nick said with excitement in an interview about Elevate’s first crypto payee:

“When I sold my business, I had planned to allocate some of the funds to bitcoin. The fact that I could be paid in crypto instantly through Elevate made investing a much simpler process.”

Elevate Offer Bitcoin Payouts For Referral Program 

In a move that could be the start of many more crypto-based incentive programs, Elevate has recently introduced its new referral program. Anyone who refers a business to Amazon that they successfully acquire is eligible for up to $500K in cash or equivalent blockchain-based cryptocurrency (i.e., Bitcoin). Empowery ECommerce Cooperative received the first referral payout in Bitcoin.

Empowery founder Steve Simonson stated that Elevate’s Cash or Coin Program came at just in time. In his words, “Luckily we found the perfect way to learn more about cryptocurrency. We know it will be an exciting year, with many changes already happening. So we decided on Coinbase Prime as our crypto holder.”

Elevate’s team is making waves in the Amazon market. The company, which has rapidly grown its portfolio of private-label goods through deals and acquisitions over last year alone, has raised $370 million from leading global institutional investors and acquired 32 brands at a pace of 3-4 per month. The firm has grown by more than 500% since it opened its second headquarters in Austin, Texas.

Elevate Brands is a company that specializes in launching products on Amazon. They are currently ranked among the top 100 sellers of all time, and own 32 private label brands, including Sqribble bedding accessories for millennials.

                   Featured image from Pixabay, chart from TradingView.com
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Shiba Inu Holders Reached New ATH, Briefly Regains Top Spot Flipping FTT Token

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Shiba Inu Announces First Phase of Doggy DAO
  • Traders are buying declines in SHIB, as seen by the new ATH in wallet holdings.
  • Crypto whales seized the opportunity to buy 3.6 trillion Shiba Inu tokens.

There has been a steady rise in the number of unique addresses holding Shiba Inu (SHIB), a popular meme cryptocurrency. An analytics website, WhaleStats provided statistics revealing a record-breaking 1,160,123 Shiba Inu owners, beating the previous record of 1,145,212 established two weeks prior.

There has also been a spike in the quantity of Shiba Inu (SHIB) owned by the top 1,000 Ethereum wallets, according to WhaleStats. The top 1,000 Ethereum wallets now hold a combined 55,732,495,492,864 SHIB (55 Trillion), currently worth $1,202,858,432 USD.

Read More: Shiba Inu Price Prediction

Regained Top Spot But Could Not Hold

Traders are buying declines in SHIB, as seen by the new all-time high in wallet holdings. The growth of holders is a positive indicator, as it indicates that investors have faith in the coins and are willing to buy them when the price drops. This morning, WhaleStats revealed that SHIB had flipped FTX token (FTT), making it the largest token holding in terms of dollar value, $1.67 billion. The top 1,000 Ethereum wallets holding SHIB values fell, however, to $1.23 billion later, allowing FTT to retake the title of largest token in terms of monetary value.

The SHIB community has grown significantly since the recent market meltdown, according to current occurrences. Early traders have reaped huge rewards thanks to Shiba Inu after its debut in 2020. Some others took advantage of the recent drop in price to buy the token they missed out on while it was reasonably inexpensive. Crypto whales seized the opportunity to buy 3.6 trillion Shiba Inu tokens, which were valued at $73.4 million at the time, only two days ago.

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Chainlink Onboard 2 Strategic Consultants Along With Integration by Celsius

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Chainlink (LINK) Price All Set For Yet Another Bullish Rally