Bitcoin News and Finance: What You Need to Know

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 announcement expected to be made during the forthcoming BRICS leaders’ summit. ‘Gold-Backed BRICS Currency’ Gains Attention The subject of a common BRICS currency has gained significant attention as the BRICS leaders’ summit approaches and an increasing number of countries pursue de-dollarization. The BRICS comprises Brazil, Russia, India, China, and South Africa. Their leaders’ summit will take place in South Africa from Aug. 22 to 24. On Tuesday, RT reported that the BRICS is set to introduce a new trading currency backed by gold which will be discussed at the August leaders’ summit. The news outlet cited a tweet by the Russian Embassy in Kenya made on Monday, stating: “The BRICS countries...

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. Jim Rogers Says ‘the Worst Is yet to Come’ Veteran investor Jim Rogers issued several warnings about the U.S. economy on Sputnik’s New Rules podcast, published last week. Rogers is George Soros’ former business partner who co-founded the Quantum Fund and Soros Fund Management. “The worst is yet to come,” the renowned investor warned. “It always comes later after normal fluctuations and corrections.” Rogers explained: “We have printed a lot of money, we have borrowed and spent a lot of money, which is wonderful for the short term, but eventually we have to pay the price.” He cautioned: Inflation is going to get worse. The debt problems are going to get worse, a...

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 candidate’s remarks in May. Robert Kennedy Jr’s Bitcoin Fortune Revealed Financial records uncovered by CNBC reveal that Robert F. Kennedy Jr. , a Democratic candidate running against U.S. president Joe Biden , possesses bitcoin valued between $100,000 and $250,000, equivalent to 3.31 to 8.27 BTC . Kennedy, the son of former senator Robert F. Kennedy and nephew of former president John F. Kennedy, allegedly contradicted his earlier remarks at the Bitcoin 2023 conference in Miami, as stated in the CNBC report. At the time, Kennedy stated, “I am not an investor and I am not here to give investment advice,” while also...

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 of 2023, with a modest increase of 7.6% in H1. Nonetheless, following the resolution of the aftermath caused by the collapse of the Terra ecosystem, XMR ’s worth has remained relatively stable since July 2022. Resilient Privacy Coin Monero Defies Crypto Market Volatility for 12 Months Monero (XMR) remains the top privacy token among numerous crypto tokens claiming to offer anonymity, with a current market capitalization of $3 billion. The second-leading privacy-centric coin, dash (DASH) , holds a significantly lower market valuation of $380 million. Over the past six months, DASH has experienced a 29% decline in value against the U.S...

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 the crypto market for a third straight day, with today’s move taking price to an eight-week high. Following a low of $20.19 on Friday, SOL/USD jumped to an intraday peak of $22.40 to start the weekend. As a result of the surge, solana raced past a ceiling of $22.00, hitting its highest point since May 6 in the process. From the chart, the move occurred as the relative strength index (RSI) jumped beyond a ceiling at the 69.00 mark. At the time of writing, the index is tracking at 70.70, with the next visible point of resistance at 75.00. Should the index reach this point, there is a good chance that SOL will climb to $23.00. Avalanche (AVAX) Another notable...

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 consolidating around the $30,000 level, following the latest U.S. nonfarm payrolls report. BTC /USD dropped to an intraday low of $30,094.87, a day after trading at a one-year high above $31,000. The price has marginally increased following today’s earlier row, and is now trading at $30,240.85. Overall, it appears that a failed breakout of a ceiling at 58.00 on the relative strength index (RSI) was the catalyst of this drop. Price strength is now tracking at the 57.63 level, with a support point at 55.00 a possible target for traders. Should it reach this point, it is highly likely that BTC will move below $30,000. Ethereum Ethereum...