Crypto weekly: Ferrari to accept crypto as payment for its cars in the US; Real Estate-Backed Stablecoin USDR De-Pegs, Plunges to $0.53.

Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week.

Review of the past week:

October 11, 2023 JPMorgan Debuts Blockchain Collateral Settlement in BlackRock-Barclays Trade.
Tech could speed transactions, see more efficient capital use. Read more
October 12, 2023 Uniswap launches Android wallet beta for Google Play.
Uniswap launched a beta version of its wallet app for Android, paving the way for a Google Play Store launch once testing is complete. Read more
October 12, 2023 Real Estate-Backed Stablecoin USDR De-Pegs, Plunges to $0.53.
Based on on-chain data, the treasury of USDR experienced a depletion of liquid assets, resulting in a surge in demand for the stablecoin. Read more
October 14, 2023 Ferrari to accept crypto as payment for its cars in the US.
Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its wealthy customers. Read more


What’s coming up for us this week:

October 19, 2023 U.S. Fed Chair Powell Speaks.
Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2026) is to speak on October 19, 2023, at 04:00 P.M UTC. Read more


As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.


Best regards,
FYBIT team

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