Bitcoin News and Finance: What You Need to Know

PRESS RELEASE. SINGAPORE — TOKEN2049 , Asia’s premier Web3 and crypto conference, has announced its first batch of high-profile title sponsors and headline speakers for its much-anticipated Singapore return. TOKEN2049 will take place from 13-14 September 2023 at Marina Bay Sands , ahead of the Formula 1 Singapore Grand Prix 2023 race weekend. TOKEN2049 is set to welcome over 10,000 attendees from over 3,500 companies, making it the largest event of its kind this year. With the conference taking place in Singapore once more, this speaks to the enduring importance of Asia as a driver of growth and vibrancy of innovation in the global digital asset ecosystem. Following the resounding success of its record-breaking Singapore 2022 event, TOKEN2049 will feature an expansive programme of over 300 side events and networking opportunities taking place from 11-17 September throughout the city-state. Celebrating the event’s triumphant return to Singapore, Alex Fiskum, Co-Founder of TOK...

Jim Rickards, economist and best-selling author, has explained the possible repercussions of issuing a BRICS bloc currency for the dollar. For Rickards, the “bric” (the name he gives to the BRICS currency) will be anchored (but not redeemable or backed) to a weight of gold and will be used for debasing the dollar by propping up commodity prices. Jim Rickards Speculates BRICS Currency Will Be Anchored to a Weight of Gold Jim Rickards, economist and best-selling author, has commented on his vision of a hypothetical BRICS (Brazil, Russia, India, China, and South Africa) bloc currency and how it could be leveraged to devalue the U.S. dollar. To Rickards, the “bric” — the name he gives the BRICS currency — will be anchored to a determined weight in gold, but not backed by it. This is because the BRICS nations will free-ride on top of the gold markets without intervening to manage the bric-dollar peg. This will also allow its price to go up as inflation and devaluation hit the U.S. doll...

In a groundbreaking decision earlier this month, the Southern District Court of New York determined that institutional sales of XRP conducted directly by Ripple constitute securities sales. However, intriguingly, XRP sales on secondary markets, specifically crypto exchanges, do not. A verdict that has sparked a ripple, pun intended, in the crypto space, potentially creating waves of disarray for the U.S. Securities and Exchange Commission (SEC). The following opinion editorial was written by Joseph Collement, General Counsel at Bitcoin.com. This legal ruling re-echoes the content of the now-infamous 2018 Hinman speech, a speech that the SEC passionately endeavored to keep out of the Ripple case’s evidentiary repertoire. This is the same speech whose author, Hinman, was meticulously wiped off the SEC’s official website in June 2023, much to the bemusement and consternation of the crypto community. The echo from Hinman’s 2018 address rings louder in the SEC’s now empty corridors. ...

As quoted by Ennahar TV, Algerian president Abdelmadjid Tebboune has signaled that Algeria — Africa’s largest nation — is eager to align itself with the BRICS coalition. He conveyed that this significant alignment with the five major emerging economies could potentially unlock unprecedented economic prospects for all the nations. Algeria Sets Sights on BRICS In anticipation of the forthcoming BRICS Summit, there might be less emphasis on the oft-debated BRICS reserve currency, yet over 40 nations exhibit a keen interest in becoming part of this influential bloc. Ambassador Anil Sooklal, South Africa’s envoy to BRICS, subtly hinted at an imminent expansion of the group this year. According to a Reuters report via Ennahar TV, Algerian president Abdelmadjid Tebboune has announced that Algeria has officially sought to join the BRICS group, currently made up of Brazil, Russia, India, China, and South Africa. “We officially applied to join the BRICS group, we sent a letter asking to...

A new player has emerged in the constantly evolving cryptocurrency market: Telegram bot coins. These crypto assets, used within Telegram’s ecosystem, are leveraged to facilitate automated trades for users on decentralized exchange (dex) platforms. These distinctive crypto assets have turned into a growing economy worth $138 million. Telegram Bot Coins Enter the Crypto Marketplace The evolution of the cryptocurrency landscape is a spectacle, consistently enriched by an array of inventive projects. Notably, Telegram bot coins have created interest among crypto investors. They are a type of cryptocurrency used within the Telegram ecosystem, serving as automated programs that facilitate trades for users on decentralized exchanges (dexs) and can implement yield farming strategies. Fundamentally, these coins empower users by facilitating token trades through Telegram, all in an uncomplicated, chat-like environment. The leading Telegram bot coin in terms of market valuation today is uni...