Ripple’s RLUSD Stablecoin Debuts Globally on December 17

Ripple has announced that its new stablecoin, Ripple USD (RLUSD), will start trading globally tomorrow, December 17. RLUSD is a stablecoin backed by the U.S. dollar and received approval from the New York Department of Financial Services (NYDFS) on December 10. This approval allows it to enter both the global financial and cryptocurrency markets. Ripple … Read more

How To Complete Pi Network KYC in 10 Minutes

The Pi Network, a revolutionary mobile mining platform, is poised to disrupt the cryptocurrency landscape. But to unlock the full potential of your Pi, securing your account through KYC (Know Your Customer) verification is essential to ensure the authenticity of users on the Pi Network. With the KYC deadline approaching on December 31st, it’s crucial … Read more

Dax Index News: US Tariff Fears Weigh, Can PMI Data Drive a Rebound Today?

“ECB GC remains divided between doves (concerned about growth) and hawks (concerned about inflation)… where is this stubbornly high inflation risk?” Cavaggioni also shared news of Germany’s Bundesbank cutting growth forecasts and raising concerns about a trade war. On Friday, the Bundesbank projected the German economy to contract by 0.2% in 2024 and to grow … Read more

Peanut the Squirrel’s Owner Sues Binance Over IP Rights

Mark Longo, the owner of now deceased Peanut the Squirrel, a popular influencer pet, has taken legal action against global crypto exchange Binance, accusing the platform of using images and stories of his famous squirrel without permission.  Longo claims that Binance’s use of his intellectual property (IP) infringes on his rights and harms the originality … Read more

China Retail Sales Highlight Domestic Demand Woes; Hang Seng Index Falls

House Price Index fell 5.7% year-on-year in November after declining by 5.9% in October. Fixed asset investment rose 3.3% year-to-date in November, down from 3.4% in October. Industrial production increased by 5.4% year-on-year, up from 5.3% in October. Retail sales were up 3.0% year-on-year in November, down sharply from 4.8% in October. China’s unemployment remained … Read more

Got Copper or Miners? Watch Out

FCX’s relative weakness compared to the prices of copper and gold indicates that they are all likely to move lower. And given today’s move below the rising support line, which is also the neck level of the head-and-shoulders pattern, it seems that we’re on a verge of a massive slide. Since sizes of the declines … Read more