- Wealthcamp
- Posts
- Digital Dirhams Redefine UAE-China Trade
Digital Dirhams Redefine UAE-China Trade
Will new digital settlements set precedent for continued BRICS divergence from traditional payment channels?

Tackle your credit card debt by paying 0% intro APR until 2027
Did you know some credit cards can actually help you get out of debt faster? Yes, it sounds crazy. But it’s true.
The secret: Find a card with a “0% intro APR" period for balance transfers or purchases. This could help you fund a large purchase or transfer your debt balance and pay it down as much as possible during the intro period. No interest means you could pay off the debt faster.
In a groundbreaking move that signals the growing influence of digital currencies on global commerce, the UAE and China have successfully executed a pioneering transaction using Digital Dirhams. This isn't just a leap for the nations involved but a sign of the evolving landscape in international trade and finance especially in the Asian market at more countries may join Mbanks settlement efforts.
Will BRICS nations continue their efforts to leave SWIFT - and the majority of internatnional sanctions - in the dust?
Let's dive in!

UAE and China execute a significant trade using digital dirhams. — Read More
Inflation and labor data could increase stock and crypto volatility, with Fed policy focus heightened due to reduced liquidity. — Read More
DeFi lending hits new records with a 54.84% increase in Q3, reaching $40.99 billion. — Read More
CryptoQuant reports Bitcoin's deepest correction in current cycle, questions remaining bull rally. — Read More
Ethereum's Buterin warns X's location feature poses privacy risks, predicts it helps sophisticated manipulators circumvent security. — Read More
South Korea’s FIU plans to impose penalties for AML violations on major crypto exchanges, mirroring past sanctions on Dunamu. — Read More



MicroStrategy's Bitcoin Gamble and Market Dynamics
MicroStrategy's stock struggles while its Bitcoin strategy remains profitable, as market hedging impacts its valuation.
China Reclaims Spot as Bitcoin Mining Powerhouse
China now controls 14% of global Bitcoin mining, exploiting surplus energy in Xinjiang and Sichuan, despite a 2021 ban.
VanEck CEO Raises Alarms Over Bitcoin's Encryption and Privacy Issues
VanEck CEO Jan van Eck expresses concerns about Bitcoin's encryption and privacy issues amidst quantum computing threats, contemplating a shift toward alternatives like Zcash.
Bitcoin Retreats After Testing $88,000 Amid Fed Rate Cut Anticipations
Bitcoin tested $88,000 twice, retreating both times, with analysts expecting further liquidity to push markets higher.

Ethereum ETFs Attract $55.7M Inflows Despite Prolonged Price Dip
Ethereum ETFs recorded $55.71M in net inflows after halting an eight-day outflow streak, yet ETH price remains below $2,800, down 28.9% monthly.
Ethereum Hits Critical Crossroad Amidst Continued Descent
Ethereum's price continues its downtrend, approaching a significant demand zone where a major price decision is imminent.
BitMine Increases Ethereum Stake Amid Market Decline
BitMine buys 21,537 ETH, now holding 3% of Ethereum supply.
China Shelves $500M Ethereum Treasury Plan
China's crypto leaders suspend $500M Ethereum DAT project amidst slumping global markets.

NYSE Approves Grayscale's Dogecoin ETF
Grayscale's Dogecoin and XRP ETFs receive NYSE approval, set for Monday debut.
Billionaire Adam Weitsman's NFT Addiction Grows With Record Purchases
Adam Weitsman doubles down on NFT investments with a massive Meebits acquisition amid a cooling market.
Hedera's Potential 98% Surge as Multiple Breakout Signals Emerge
Hedera price eyes a possible 98% increase with bullish chart patterns and growing trader interest.
Grayscale's Dogecoin and XRP ETFs Debut on NYSE Today
Grayscale's Dogecoin and XRP ETFs receive NYSE approval, expected to trade actively today.
Wormhole's Sunrise DeFi Offers Solana Day-One Trading Gateway
Wormhole introduces Sunrise for direct Solana asset launches with immediate liquidity, debuting MON token.
Pump.fun Pulls Out $436.5M USDC Amidst Token Drop
Hundreds of millions in USDC withdrawn by Pump.fun sparks backlash and a significant token slump.

Crypto's $1T Opportunity in Liquid Staking and RWAs
Liquid staking derivatives and tokenized real-world assets present a $1 trillion opportunity.

Tech giants are secretly amassing $500 billion in AI-related debt, sparking investor concerns about undisclosed financial risks.
Federal Agency Urged to Suspend Elon Musk's Grok AI Over Racism
Public Citizen demands federal halt on Grok AI due to racist content disclosures, Musk AI contract questioned for reliability.
Crypto Volatility Sparks Interest in AI-Powered Income
Crypto declines push investors towards AI-based stable income.
Cardano Chain Split Sparks FBI Investigation
Cardano suffers a chain split from an AI-crafted transaction, crashing ADA and drawing FBI scrutiny.

Dasset Crypto Exchange in Liquidation Amid Customer Fund Access Issues
Auckland-based Dasset enters liquidation, leaving customers unable to access funds while liquidators work to recover assets.
Animoca Brands Expands in UAE with Fund Management Nod
Animoca Brands obtains Abu Dhabi’s green light to launch a fund management operation, supplementing its Dubai crypto license.

