Ethereum News Daily Official TheBitTimes.com

The Russia-India-China alliance (RIC) is back in the headlines after leaders from all three nations met at the Shanghai Cooperation Organisation (SCO). The summit came hot on the heels of President Trump imposing high tariffs on several trade partners. The tariff spree may have prompted countries to look elsewhere for sustainable and reliable partnerships. The coming together of Russia, India, and China could lead to further de-dollarization globally. Russia, India, and China To Further Push For De-Dollarization? Source: Deposit Stock Photo Russia and China have already begun trading heavily using the Chinese yuan. The development commenced after sanctions were placed on Russia following its invasion of Ukraine. Since 2023, China has settled almost all of its oil and energy purchases from Russia using the yuan. The development has given significant fuel to the de-dollarization agenda. India was recently slapped with some of the highest tariffs in the world. Many deemed the move unfair ...

BlackRock’s recent crypto moves have been nothing short of aggressive, underscoring the fact that institutional adoption of digital assets is gaining full steam. After a month-long buying spree and countless headlines featuring nine-digit acquisitions, however, the fund has finally made a major sale. Namely, on June 23, BlackRock deposited 8,172 Ethereum (ETH), worth approximately $18.4 million, to Coinbase Prime, according to data provided by Arkham. BlackRock ETH deposits. Source: Arkham  BlackRock ETH sale The June 23 transaction, is seen as a potential pivot in the firm’s crypto strategy, particularly in regard to Ethereum. However, given the fund’s past optimism and high-profile involvement in crypto ETFs (exchange-traded funds), the deposit could also reflect macroeconomic caution. Indeed, Ethereum tanked 10% earlier today, despite $274 million in institutional inflows recorded on the weekend, trading as low as $2,178 at one point. At press time, ...

After moving to nominated proof-of-stake, an RWA-focused blockchain platform has reached a notable milestone in its journey. Creditcoin, a pioneering platform for real-world asset innovations that enables unbanked consumers to build a credit history on Web3, has announced the launch of the latest upgrade of its mainnet. This new release upgrades the RWA-focused blockchain consensus to nominated proof-of-stake (NPoS) and aims to improve on-chain liquidity for both borrowers and fintech lenders, emphasizing the principles of auditability, transparency and trust. Proof-of-work (PoW) was the consensus mechanism that started it all — with Bitcoin (BTC) introducing the concept to millions when it launched back in 2009. But as concerns over electricity use and carbon emissions grow, many crypto projects are now seeking eco-friendly alternatives. In 2022, after years of complex technical work behind the scenes, Ethereum made the leap to proof-of-stake (PoS). At the time, developers said this ...

Boost your financial literacy with nine essential terms. From interest to assets, improve your money management skills. Financial literacy is a critical life skill that can have a significant impact on an individual’s financial well-being and overall quality of life. It is important for individuals to continuously educate themselves on financial terms and concepts to make informed decisions and achieve their financial goals. Financial literacy is important for a variety of reasons: Making informed financial decisions: Those who are financially literate are able to make wise financial decisions that are consistent with their aims and values. This involves choices on how much to spend, save, invest and borrow. Avoiding financial pitfalls: Financial literacy can assist people in avoiding typical financial risks, such as high-interest debt, excessive spending and investment fraud. Creating long-term wealth: By knowing how to efficiently save and invest, people with financial literacy can ...