BRICS countries, including China, India, Saudi Arabia, and the UAE, are shifting away from the US dollar in their oil trade dealings with Russia. By settling trade in their local currencies, such as the Chinese Yuan and the Indian Rupee, these nations have saved billions of dollars and raised concerns about the future of the […]
Vitalik Buterin, the co-founder of Ethereum, has made a significant transfer of 3,000 Ether, worth around $4.95 million, to a new wallet address. This move has sparked speculation within the crypto community, as Buterin has not publicly explained the reasons behind the transfer. However, historical data shows that Buterin’s previous large transactions have had an […]
Grayscale Bitcoin Trust (GBTC), an investment vehicle for Bitcoin, is currently trading at its lowest discount in almost two years. The discount to Bitcoin’s net asset value (NAV) has narrowed to 15.87% as of October 13th. This discount measures how much a mutual fund or ETF is trading below its true value. The narrowing of […]
The Moscow Stock Exchange is planning to introduce a digital financial asset (DFA) for real estate assets in 2024. This move aims to make investing in real estate more accessible by lowering the entry barrier for investors. The National Settlement Depository (NSD) will oversee the issuance of these DFAs, which will be traded on the […]
Russian President Vladimir Putin’s attempt to use Gazprom as a geopolitical tool against the European Union (EU) has backfired. After threatening to cut off gas supply to Europe, Putin is now scrambling to find new markets for Gazprom, with China being his main focus. However, finding new markets is proving to be a challenge for […]
Real USD (USDR), a stablecoin backed by real estate and cryptocurrency, experienced a significant drop in value, falling to $0.51 from its 1:1 peg to the US dollar. The depegging occurred due to a surge in redemptions that depleted liquid assets, such as Dai, from USDR’s Treasury reserves. This lack of liquidity left the stablecoin […]
During a recent crisis involving the real-estate-backed stablecoin Real USD (USDR), a trader suffered a significant loss after swapping 131,350 USDR for 0 USD Coin (USDC). The swap took place on the BNB Chain through decentralized exchange OpenOcean, at a time when USDR had depegged from its par value by nearly 50% due to a […]
Chainlink (LINK) experienced a 12% drop in price in October, but despite this, whales continued to accumulate the cryptocurrency. Large LINK addresses increased in number since mid-September, with 27 additional addresses holding 100,000-1 million LINK and four wallets holding between 1-10 million LINK. While the overall crypto market downturn may have spooked retail investors, the […]
Binance, the world’s leading cryptocurrency exchange, has announced that it will delist several spot trading pairs on October 13, 2023. The decision to remove these pairs, including BEL/BUSD and DOT/GBP, is based on factors such as low liquidity and trading volume. Binance will also terminate its Spot Trading Bots services for these pairs. Users are […]
Real estate-backed stablecoin USDR has lost its peg to the U.S. dollar due to a surge in redemptions that depleted its liquid assets, including Dai from its treasury. USDR is issued by Tangible protocol, a decentralized finance project that aims to tokenize real-world assets. The coin is primarily traded on the Pearl decentralized exchange, which […]
