Fun

Analysts: BRICS Currency Meant to Rival USD, Trump Warns of Depression as Kiyosaki Predicts Bond Crash, Waits to Buy Bitcoin — Bitcoin.com News Week in Review

News Feed - 2022-07-31 09:07:29

Analysts: BRICS Currency Meant to Rival USD, Trump Warns of Depression as Kiyosaki Predicts Bond Crash, Waits to Buy Bitcoin — Bitcoin.com News Week in Review


BRICS nations have revealed they’re “creating an international reserve currency” analysts believe is meant to challenge the U.S. dollar and the International Monetary Fund’s Special Drawing Rights (SDR) currency. Further, Donald Trump warns of a depression in the U.S., Rich Dad Poor Dad author Robert Kiyosaki says we’re in for the “biggest bond crash” in over 200 years, and FTX CEO Sam Bankman-Fried says he’s ready to deploy “hundreds of millions beyond what we have thus far” to help digital currency companies. Buckle up for another Bitcoin.com News Week in Review.


Targeting the US Dollar’s Hegemony: Russia, China, and BRICS Nations Plan to Craft a New International Reserve Currency


While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst of “creating an international reserve currency.” Analysts believe the BRICS reserve currency is meant to rival the U.S. dollar and the International Monetary Fund’s (IMF) Special Drawing Rights (SDRs) currency.


Read More


Donald Trump Warns US Economy Is Facing ‘Much Bigger Problem Than Recession’ — ‘We’ll Have a Depression’


Former President Donald Trump has warned that the U.S. economy is facing “a much bigger problem than recession.” Noting that “We’ll have a depression,” he stressed: “We have to get this country going, or we’re going to have a serious problem.”


Read More




FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy ‘Hundreds of Millions’ to Help Crypto Industry


The founder and CEO of the leading exchange FTX, Sam Bankman-Fried, has offered to give early liquidity to Voyager Digital’s customers, according to an announcement FTX published on July 22. Furthermore, Bankman-Fried discussed the crypto industry with CNBC in an exclusive interview, and noted that he was willing to deploy “hundreds of millions beyond what we have thus far” to help digital currency companies affected by the crypto market downturn.


Read More


Robert Kiyosaki Warns of ‘Biggest Bond Crash Since 1788’ — Waiting to Buy Bitcoin at Lower Price


The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned of the “biggest bond crash since 1788.” He stressed that the “real problem” is in the bond market, which is “40 times larger” than the stock market. He is waiting for the price of bitcoin to fall further to buy some.


Read More Tags in this story 1788, Bitcoin Kiyosaki, Bond Crash, brics, China, Depression, ftx, Kiyosaki, reserve currency, Russia, Sam Bankman-Fried, Trump, US dollar hegemony, USD hegemony, voyager, Voyager Digital


Do you think the BRICS nations will succeed in creating a new international reserve currency? If so, will it challenge U.S. dollar dominance? Be sure to let us know in the comments section below. Bitcoin.com


Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance. Finder"s $675 ETH Prediction, India Calls on G20 Re: Crypto Taxes, Peterffy Concerned BTC Could "Become Worthless or Outlawed" — Bitcoin.com News Week in Review THE WEEKLY | Jul 24, 2022 "World War III Has Begun," Says Gerald Celente; Plus, Long-Term BTC Predictions and Scorching US Inflation — Bitcoin.com News Week in Review THE WEEKLY | Jul 17, 2022


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleReport: The Central African Republic Requests Regional Central Bank’s Assistance in Crafting Crypto Regulations Next articleWhile the Bear Market’s Claws Drag ETH Prices Down, Ethereum Network Fees Remain Low Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItDraft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament


A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike

News Feed

Solana memecoin frenzy raises questions about crypto utility, reputation
Prashant Jha10 hours agoSolana memecoin frenzy raises questions about crypto utility, reputationThe Solana memecoin frenzy has seen several tokens rise to multimillion-dollar market capitalizations within days.4645 Total
$2.4 Trillion Stimulus Package Proposed in US With Second Direct Payments to Americans
$2.4 Trillion Stimulus Package Proposed in US With Second Direct Payments to AmericansA new stimulus package costing about $2.4 trillion is being prepared in the U.S. that includes
Cleanspark Boosts Bitcoin Mining Capacity With Acquisition of 20,000 Bitmain Rigs
Cleanspark Boosts Bitcoin Mining Capacity With Acquisition of 20,000 Bitmain Rigs Bitcoin mining operation Cleanspark has acquired 20,000 brand-new Bitmain mining rigs for $43.6 mi
WATCH: What Are the Main Takeaways From Deribit’s $1.3 Million Flash-Crash?
  Delphi Digital Co-Founder Yan Liberman joined CoinDesk’s Brad Keoun on Monday, Nov. 4, to talk about last week’s flash crash on Deribit, a Netherlands-based cryptocu
Analyst Shows 3-Cycle Ride For XRP Price To Reach $46
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks
Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks Huobi, a leading cryptocurrency exchange, has announced the creation of a new investment arm to tackle decentralized fi
Central Bank of Venezuela Announces ‘Digital Bolivar’ Redenomination Plan
Central Bank of Venezuela Announces "Digital Bolivar" Redenomination Plan The Central Bank of Venezuela announced the new redenomination plan for its fiat curren
Bitfarms adds board member to deter Riot Platforms takeover
Arijit Sarkar48 minutes agoBitfarms adds board member to deter Riot Platforms takeoverDespite initially planning to buy all Bitfarms’ shares at $2.30 per share, Riot withdrew the offer, stating that cooperating with Bi
XRP Whales Are Back – 880 Million Tokens Accumulated This Month
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Big Three Credit Agency Fitch Warns El Salvador Adopting Bitcoin Will Negatively Affect Insurers
Big Three Credit Agency Fitch Warns El Salvador Adopting Bitcoin Will Negatively Affect Insurers Fitch Ratings, the American credit agency and member of the &lsq
Bitcoin, Ethereum Technical Analysis: ETH Rebounds on Friday, Climbing Above $1,700
Bitcoin, Ethereum Technical Analysis: ETH Rebounds on Friday, Climbing Above $1,700 Ethereum rose above $1,700, while bitcoin snapped a seven-day losing streak on Friday, with pric
Charles Hoskinson points to 2 major upgrades amid Cardano ‘dunking’
Martin Young4 hours agoCharles Hoskinson points to 2 major upgrades amid Cardano ‘dunking’The Cardano founder is fighting FUD again following a BitBoy video claiming ADA is dead.2788 Total views3 Total sharesListen t