Bitcoin News and Finance: What You Need to Know

Momint, a Web3 marketplace app, has said South African residents can now use cryptocurrency to purchase shopping vouchers which are accepted by over 10,000 retailers. The Momint app can also be used to send cross-border remittances at a fraction of the fees charged by regular money transfer companies. Vouchers Accepted by Popular Businesses Momint, a Web3 marketplace, has launched a blockchain wallet which allows South African residents to purchase a shopping voucher with cryptocurrency, a report has said. Holders of the voucher can make payments at over 10,000 retail outlets across the African country. According to a Mybroadband report , South Africa’s retail giants such as Checkers, Woolworths, Engen, and Takealot are some of the outlets that accept the Momint vouchers. The report added that the voucher is also accepted at some 5,000 international retailers. In comments following the announcement, Momint CEO Ahren Posthumus also revealed that South Africans outside the formal e...

During a Twitter Spaces event on Wednesday, Robert F. Kennedy Jr., a Democratic U.S. presidential contender, revealed that he acquired 14 bitcoin for his children. This announcement comes on the heels of financial documents filed on June 30, 2023, which indicated his ownership of the leading cryptocurrency. Bitcoin Supporter Robert Kennedy Jr Purchases 14 Bitcoin for His Kids On July 26, 2023, Robert F. Kennedy Jr. joined Scott Melker, also known as the Wolf of All Streets, in a Twitter Spaces gathering. An avid bitcoin (BTC) supporter, Kennedy recently revealed a proposal to back the U.S. dollar with bitcoin while speaking at a Heal-the-Divide event if elected president. Kennedy confirmed his bitcoin ownership during Wednesday’s Twitter Spaces discussion with Melker, following reports that surfaced in early July about his cryptocurrency holdings. “Right after the Bitcoin Conference, I decided to put my money where my mouth is and bought two bitcoin for each of my seven childre...

A lawyer has outlined four potential next steps that the U.S. Securities and Exchange Commission (SEC) could take following the ruling on the Ripple case regarding XRP . “I expect the SEC to file a request for interlocutory appeal within the next 2 weeks,” he opined, asserting that it would be in the best interests of Ripple and the XRP community for the SEC to start the appeal process now. 4 Options SEC Could Take Next in Ripple Case Lawyer James Murphy outlined in a series of tweets on Tuesday four options the U.S. Securities and Exchange Commission (SEC) could take in the Ripple case following the ruling by District Judge Analisa Torres regarding XRP . The SEC has indicated that it will appeal the court decision. “There’s a lot of debate about what the SEC will do next in the Ripple case. I believe there are at least 4 options under consideration,” he began, stating that the first option is for the SEC to file a “request for interlocutory appeal .” The lawyer, whose practice...

The White House has affirmed that U.S. policy does not ask partners to choose between the U.S. and other countries, including the BRICS nations. “The U.S. does not want to limit countries’ partnership with other countries,” said Press Secretary Karine Jean-Pierre. More than 40 countries have expressed interest in joining the BRICS group, and around 70 leaders have been invited to the economic bloc’s summit in August. White House on US Partners’ Interest in Joining BRICS While House Press Secretary Karine Jean-Pierre was asked in a press briefing on Monday about U.S. partners seeking membership in the BRICS economic bloc. The BRICS group comprises Brazil, Russia, India, China, and South Africa. “Algeria and Egypt, which are two partners of the U.S. … have applied to join BRICS … and represents kind of a non-alignment force that stands against, kind of, Western hegemony. So how do you feel about this development? Do you welcome this?” she was asked. Noting that countries should “spe...

According to a press release published July 25, 2023, Auradine, a new competitor in the blockchain infrastructure sector, is entering the application-specific integrated circuit (ASIC) bitcoin mining industry with a line of bitcoin mining rigs known as the Teraflux series. Auradine’s new machines boast hashrates between 185 terahash per second (TH/s) and 270 TH/s. Auradine Introduces Teraflux Bitcoin Miners Auradine , a firm launched in 2022, recently emerged from stealth mode, revealing it raised $81 million in a Series A funding round in mid-May 2023. Celesta Capital and Mayfield led the funding round, with other participants including Marathon Digital Holdings, Cota Capital, DCVC and Stanford University. On Tuesday, the company announced a new line of miners, the Teraflux line, which are application-specific integrated circuit mining rigs designed and manufactured in the United States. Additionally, Auradine’s announcement on Monday revealed that the machines use a 4-nanometer...

In a recent article, Vladimir Putin, President of the Russian Federation, outlined his thoughts about the emergence of a new multipolar world order. Putin explained this new configuration will allow different regions, including Africa, the Middle East, and Latam, to assume their roles in a new “more just and democratic” world order. Russian President Vladimir Putin Predicts Emergence of New ‘More Just and Democratic’ World Order Vladimir Putin, President of the Russian Federation, has described the emergence of a new multipolar world order that will allow regions like Africa, the Middle East, and Latam to develop their true potential. In a recent article titled “Russia and Africa: Joining Efforts for Peace, Progress and a Successful Future,” Putin referred to the rise of these new “centers of economic and political power and influence,” which demand acknowledgment. Putin stated : We are sure that a new multipolar world order, the contours of which can already be seen, will be mo...