CNBC's Diana Olick reports on the intersection between cryptocurrencies and real estate.

New York

Blockchain technology is making significant inroads into the real estate industry, with both residential and commercial sectors adopting crypto-backed loans and blockchain-based processes. Lenders such as Fannie Mae and Freddie Mac now count cryptocurrency holdings as assets for loan qualification, while private firms offer loans secured by crypto assets, allowing buyers to retain their digital currencies.

Industry experts highlight the growing use of blockchain for smart contracts, property tokenization, and secure land records, predicting widespread adoption within the next decade. Blockchain's efficiency, security, and cost-saving benefits are driving this transformation, with some companies already selling fractionalized real estate assets and safeguarding property records against cyber threats.

Crypto breaks into real estate as it embraces blockchain technology

Welcome back to the exchange blockchain technology has already disrupted several industries and now the real estate market is waking up to its Possibilities starting in residential, but now quickly moving to commercial Diana Olick joins us now with more in this week's property Well John earlier this year Fannie Mae and Freddie Mac were ordered to count a borrower's Cryptocurrency holdings as assets to qualify for a loan some lenders like propy are already doing crypto back mortgages for both Residential and commercial property loans I spoke with Tony Giordano a crypto and blockchain disruptor in the real estate space about that evolution If somebody comes to me now and says I want to buy a house using Bitcoin My question is why why on earth would you trade an asset that's going to go up 20 more times than that house will in The next 20 years So now you have all of these new private equity firms giving you a loan against your Bitcoin assets So you don't have to get rid of it. And now you can just go buy the house traditionally Even more important Giordano says is real estate moving to the blockchain a recent report from Deloitte said Industry players now realize that blockchain based smart contracts can play a much larger role in CRE Potentially transforming core CRE operations such as property transactions purchase sale financing lease and management. I Don't see how the entire real estate industry will not be on the blockchain by within 10 years It's the most secure platform and technology to do it So 10 years, I'd be surprised if it takes 10 years because it saves money. It saves money. It saves time. Everything is instantaneous Companies are now tokenizing real estate assets in order to sell them in pieces like CMBS Some are putting land records on the blockchain to protect properties from being stolen or altered by cyber criminals Now there's much more on this in today's property play newsletter and video podcast with Tony Giordano If you haven't signed up already use that QR code or cnbc.com forward slash property

ByHeart is recalling all batches of its baby formula products after at least 15 infants were sickened. Dr. Steven Abrams, professor of pediatrics at the University of Texas at Austin, joins CBS News to discuss how parents can keep their children safe.

ByHeart recalls baby formula amid growing botulism outbreak

Israel’s parliament has passed the first reading of a bill that would introduce the death penalty for “terrorism”.

Jerusalem

Middle East Conflict

Israel parliament passes first reading of death penalty for ‘terrorism’ law

The super typhoon has left devastation in the Philippines just days after another typhoon killed 232 people.

Cebu City

Typhoon Fung-wong leaves Philippines with ten dead, millions displaced

A Turkish C-130 military cargo plane with at least 20 personnel on board crashed in Georgia after taking off from Azerbaijan. Authorities reported an unspecified number of casualties and said rescue workers were headed to the site.

Sighnaghi Municipality

Turkish military plane crashes in Georgia

A car bomb rocked Islamabad, Pakistan resulting in 12 deaths and 27 injuries, just one day after a car exploded in New Delhi, India. Authorities in both countries are investigating the incidents as possible terrorist attacks.

Islamabad

Bomb rocks Pakistan's capital one day after car explosion in India

Drone strikes were reported in several Ukrainian cities, as fighting rages on the frontline with Russian forces closing in on the key city of Pokrovsk.

Odesa

Ukraine Invasion

Russian drones hit energy sites in Ukraine's Odesa

Local television channels report that at least 20 people have been wounded in blast near the Lal Quila underground metro station.

New Delhi

Indian police invoke ‘terrorism’ law after Delhi blast kills nine

The Senate passed a bill on Monday night to end the government shutdown, bringing Congress one step closer to ending the impasse. CBS News political reporter Hunter Woodall has the latest.

Washington

Senate passes bill to end shutdown, sending it to house

The COP30 climate conference kicked off in Belém, Brazil, with President Luiz Inácio Lula da Silva pushing back against climate deniers even though a discussion of reduced reliance on fossil fuels isn’t on the agenda.

Belém

Brazil’s president pushes back against climate deniers to start COP30

President Trump met with Syrian President Ahmed Al-Sharaa at the White House as ties between the U.S. and Syria appear to strengthen. CBS News' Imtiaz Tyab reports.

Syria will join coalition against ISIS following meeting with Trump

A deadly car explosion in Delhi, India, killed at least eight people and injured at least 19 others on Monday, police said. Devina Gupta of the BBC, a CBS News partner, has more.

Deadly car explosion rocks India's New Delhi, eight killed

Former French President Nicolas Sarkozy is to be released from prison after serving 3 weeks of a 5-year sentence for criminal conspiracy.

Paris

Ex-French President Sarkozy released from prison

Syrian President Ahmed al-Sharaa is set to meet with President Trump at the White House after leading a surprise attack that toppled the Assad regime. CBS News' Ramy Inocencio reports.

Syrian President Ahmed al-Sharaa meeting Trump at White House

Super Typhoon Fung-wong slammed into the Philippines, bringing dangerous conditions to the country for the second time in a matter of days. CBS News' Anna Coren reports.

Manila

Super Typhoon Fung-wong batters the Philippines

Senate Republicans and some Democrats appear to have a plan to end the government shutdown. CBS News' Natalie Brand reports.

Democrats, Republicans reach deal that may end government shutdown

The director-general of the British Broadcasting Corporation (BBC) has resigned after a row over the editing of a speech made by U.S. President Donald Trump on the day of the 2021 attack on the United States Capitol.

London

BBC boss Tim Davie resigns after criticism over Trump speech edit

A Collaborative Combat Aircraft, the AI-powered fighter YFQ-44A has begun flight testing, as General Atomics takes to the sky as well.

California

Anduril's unmanned AI-powered fighter jet 'Fury' makes first flight

The U.S. Senate is voting on a bill to fund and reopen the government. Earlier Sunday, the Trump administration ordered states to "undo" SNAP benefits payments amid the funding halt.

Trump admin orders states to 'undo' SNAP payments ahead of Senate vote

Israeli settlers attacked a group of Palestinian villagers, activists and journalists on Saturday (November 8) who had gathered during an attempt to harvest olives near a settler outpost in the Israeli-occupied West Bank, witnesses said. Two Reuters employees were among those injured in the attack by the men who wielded sticks and clubs, and hurled large rocks at them.

Israeli settlers attack Palestinians, journalists in West Bank

Ukrainian energy companies reported a complete power outage after two thermal power plants supplying the Kyiv and Kharkiv were struck overnight by Russia. Officials in Kyiv also shared that their forces carried out strikes targeting the Kremlin's energy sector, which it says funds the invasion.

Kyiv

Ukraine and Russia trade overnight strikes on energy facilities

A tragic Saturday in Tenerife left three people dead and at least 15 injured as exceptionally high waves gripped the Canary archipelago. Officials are reporting waves that can reach as high as four metres.

Tenerife

Three dead as giant waves lash Tenerife

COP30 has kicked off in Belem, Brazil, drawing 50,000 participants to the gateway to the Amazon rain forest. One key topic of the summit is adapting to a warmer world, as well as who will bear the costs for that.

Brazil welcomes world leaders to Amazon for COP30

Nearly a million people have been evacuated from their homes in the Philippines, as Super Typhoon Fung-wong approaches the country. It’s the most powerful storm to threaten the country this year and is due to make landfall just days after an earlier typhoon killed more than 200 people.

State of emergency declared as Super Typhoon approaches Philippines

This time last year, Ahmed al-Sharaa was wanted by the U.S. with a 10-million-dollar bounty on his head. Today, he's preparing to hold talks with Donald Trump in the White House as the president of Syria. Sharaa arrived in Washington a day after the U.S. removed him from a blacklist.

Damascus

Global sanctions on Syria eased as leader visits U.S.

At least 6 people are dead and 750 people injured after a tornado tore through a town in southern Brazil. Rescuers are still searching for survivors from under the remains of homes and businesses hit by the powerful storm.

Rio Bonito do Iguaçu

Brazil cleans up after deadly tornado

The U.S. government shutdown is now at 40 days—the longest in American history—with no sign of it ending soon. That’s led to chaos at airports but also knock-on effects across industries.

Miami

No end in sight for longest government shutdown in U.S. history

Delays are stacking up across the U.S. Throughout the day, ground stops have been put in place and lifted, fluctuating with staffing levels at several major airports. With more airline flight cuts coming, things will only get worse for flyers. Andres Gutierrez reports.

John F. Kennedy International Airport

Flight cuts could double if shutdown drags into Thanksgiving

Millions of Americans who depend on federally funded food assistance programs, known as SNAP, remain in limbo as the Supreme Court temporarily blocked a full payment of SNAP benefits for now.

Millions who depend on SNAP in limbo as Supreme Court blocks payment

The Supreme Court has ruled that the Trump administration could temporarily withhold SNAP benefits after a previous judge ordered the White House to provide full federal food benefits to states by Friday.

Latest Supreme Court ruling adds to shutdown confusion

Satellite imagery is showing details of the humanitarian crisis in Sudan amid the country's ongoing civil war. People in al-Fashir were shot in the streets, targeted in drone strikes, crushed by trucks and abducted, witnesses have said after the RSF, violently seized the Sudanese city.

Breakdown