Bitcoin News and Finance: What You Need to Know

Europe’s first bitcoin exchange-traded fund (ETF) is set to launch in July after a 12-month delay caused by the crypto winter. The fund has been authorized in Guernsey, a more flexible jurisdiction, which will ostensibly help to avoid some of the regulatory challenges associated with the European Union. Europe to Have Its First Bitcoin ETF Listed After Year-Long Delay The first bitcoin exchange-traded fund in Europe is expected to be publicly listed by the end of this month, a full year after its initially planned launch, the Financial Times reported on Thursday. The ETF was first announced by Jacobi Asset Management in July 2022. The asset manager wanted to list it on the Euronext exchange last year but decided that “the time wasn’t right” after a string of negative events in the crypto space like the crash of the terra-luna project and the bankruptcy of cryptocurrency exchange FTX . The issuer now says “demand has shifted since last summer” and the ETF is “on track.” All exchang...

The International Monetary Fund (IMF) has not seen any specific proposal on a common BRICS currency. However, the IMF acknowledges the presence of “slow-moving trends” indicating shifts in the currency composition of reserves and trade. The Fund’s statement followed reports that the BRICS economic bloc is planning to launch a gold-backed currency. IMF on BRICS Currency The International Monetary Fund (IMF) was asked during a press conference on Thursday about its position on the proposed BRICS currency following media reports that the BRICS nations are launching a gold-backed currency that will be formally announced at the economic bloc’s upcoming leaders’ summit in August. The BRICS nations comprise Brazil, Russia, India, China, and South Africa. Julie Kozack, director of IMF’s Communications Department, replied: “With respect to the way countries, or the currencies in which countries conduct trade, we view that as a decision of the participants involved in the individual transa...

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has explained that President Joe Biden is “preparing for a ground war with Russia” by signing an ex ecutive order to mobilize reserve forces to augment Operation Atlantic Resolve. Multiple people have accused Biden of starting World War III. Biden Preparing for Ground War With Russia, Says Kennedy Jr. U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has slammed President Joe Biden over his executive order to mobilize select reserve forces in order to augment Operation Atlantic Resolve. Kennedy is a son of former U.S. Attorney General and Senator Robert F. Kennedy and nephew of former U.S. President John F. Kennedy. Operation Atlantic Resolve was launched in 2014 following Russia’s invasion of the Crimean Peninsula. Kennedy tweeted Friday: President Biden just called up 3,000 reservists to augment U.S. troops in Europe as part of ‘Operation Atlantic Resolve.’ I want people to understand what this troop mobiliza...

Rich Dad Poor Dad author Robert Kiyosaki has warned that a giant crash is coming, emphasizing that the end of fiat money, including the U.S. dollar, is near. Noting that the USD “will die,” he urged investors to buy gold, silver, and bitcoin. His warnings came as the BRICS economic bloc is discussing creating a common currency that could be backed by gold. Robert Kiyosaki’s Giant Crash Warnings The author of Rich Dad Poor Dad, Robert Kiyosaki, has issued more warnings about the U.S. economy and the U.S. dollar. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. Kiyosaki tweeted Wednesday: Giant crash coming. Fake money, aka fiat currency, to die. BRICS meeting in S. Africa [on] August 22 to put nail in coffin of fiat…fake money. Get into real gold, silver & bitcoin asap. Tak...

A Zimbabwean economist has said authorities should consider paying a portion of government employees’ salaries with gold coins. The economist said partially paying government workers with gold coins can “help curtail the black market dominance” in the country’s currency market. Dollar Shortages and Rising Inflation A Zimbabwean economist, George Nhepera, has urged authorities in the Southern African nation to consider paying a portion of government workers’ salaries with gold coins. According to the economist, paying part of the workers’ salaries with gold coins can “help curtail the black market dominance” in the country’s currency market. Nhepera’s call for measures to cushion government workers with gold coins follows the local currency’s sharp depreciation in June. The currency’s plunge on the parallel market is reported to have sparked a wave of steep price hikes which eroded the purchasing power of salaries denominated in local currency. While workers have in some cases dema...