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BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention

July 9, 2023 0

The BRICS Bank’s vice president and chief financial officer has shed light on the economic bloc’s aspiration to develop a common BRICS currency. His remarks followed recent reports suggesting that Russia has confirmed the BRICS’ plan to introduce a gold-backed common currency, with an official

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Renowned Investor Jim Rogers Warns ‘US Is Going to Suffer’ as Dollar’s Value Erodes Further

July 9, 2023 0

Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has warned that “the worst is yet to come” for the U.S. economy. “The U.S. is going to suffer” as the value of the dollar erodes further, he predicted, emphasizing that inflation and the debt problems are going to get worse. […]

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Democratic Presidential Candidate Robert Kennedy Jr Holds Up to $250,000 in Bitcoin, Records Show

July 8, 2023 0

According to a report published on Friday, Robert F. Kennedy Jr., a Democratic presidential candidate, holds between $100,000 and $250,000 in bitcoin (BTC). The holdings contradict his statements at the Bitcoin 2023 conference in May, where Kennedy claimed he was not an investor. Kennedy’s campaign manager maintains that the BTC acquisition occurred subsequent to the […]

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JPMorgan Analysts Say Spot Bitcoin ETF Approval Is ‘Unlikely to Be a Game Changer for Crypto Markets’

July 8, 2023 0

In a report published on Thursday, JPMorgan analysts suggest that the approval of a spot bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) is “unlikely to be a game changer for crypto markets.” The market strategists at the American banking giant emphasize that similar spot bitcoin ETFs already exist internationally, but […]

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NFT Sales Witness 23% Decline This Week, Ethereum Dominates With $130 Million in Sales

July 8, 2023 0

During the first week of H2 2023, non-fungible token (NFT) sales witnessed a 23.39% decline compared to the previous week, marking a two-week downward trend. A total of $195.95 million worth of NFT sales occurred, with Ethereum-based NFTs accounting for $130.77 million. NFT Sales Take a Hit: Week-Over-Week Drop of 23% in the First Week […]

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Monero Maintains Stability Amid Crypto Market Volatility, Remains Top Privacy Token With $3B Market Cap

July 8, 2023 0

In the last half-year, there has been a remarkable surge in the value of crypto assets such as bitcoin and ethereum. BTC has skyrocketed by 77%, while ETH has experienced an impressive 44% leap. On the other hand, the leading privacy-focused cryptocurrency, monero (XMR), has displayed a rather unimpressive performance during the initial six months […]

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Biggest Movers: SOL Surges to 2-Month High on Saturday, Extending Recent Bull Run

July 8, 2023 0

Solana extended recent gains on Saturday, as the token rose for a third straight session to start the weekend. Today’s move came following a breakout of a key price level, despite the global crypto market cap consolidating. Avalanche also rallied, climbing by as much as 10%. Solana (SOL) Solana (SOL) was a notable gainer in […]

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Bitcoin, Ethereum Technical Analysis: BTC Consolidates to Start Weekend, ETH Remains Below $1,900

July 8, 2023 0

Bitcoin was hovering near the $30,000 level to start the weekend, as markets continued to digest the latest U.S. nonfarm payrolls report. Payrolls came in at 209,000, less than the 225,000 expected, putting slight doubt in a potential July rate hike. Ethereum continued to trade below $1,900 on Saturday. Bitcoin Bitcoin (BTC) started the weekend […]

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Central Bank of Russia: Digital Ruble Could Be Launched as Soon as 2025

July 8, 2023 0

Olga Skorobogatova, first deputy chairman of the Central Bank of Russia, indicated that the launch of the digital ruble, the Russian central bank digital currency (CBDC), could happen in 2025. The pilot test for the CBDC will be organized later this year after the State Duma, the lower house of the Russian parliament, passes the […]

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Report: Zimbabwe Central Bank Begins Gold-Backed Digital Currency ‘Dry Run’

July 8, 2023 0

According to a report, the Reserve Bank of Zimbabwe has commenced trials, or the “dry run” test, for the viability of launching a gold-backed digital currency. Nelson Mupunga, the director of economic research at the central bank, reportedly said the digital currency will act as an alternative to foreign currency. Local Residents’ Insatiable Demand for […]