Bitcoin News and Finance: What You Need to Know

The president of a New Delhi-based think tank believes that World War III has already begun. He also anticipates the BRICS economic bloc (Brazil, Russia, India, China, and South Africa) merging with the Shanghai Cooperation Organization (SCO). “A single merged organization will be much more clearer, stronger and grow into very meaningful pole,” he described. Indian Analyst on BRICS Merging With SCO, World War III Robinder Sachdev, president of Imagindia Institute, a New Delhi-based think tank and research center, has shared his predictions on World War III and the possible merger of the BRICS economic bloc and the Shanghai Cooperation Organization (SCO). The BRICS nations are Brazil, Russia, India, China, and South Africa. The SCO members comprise China, India, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan, and Uzbekistan. “Both BRICS and SCO are initially founded by China and Russia. Many big picture goals of both organizations are same. It is necessary for both organ...

The CEO of asset management firm Devere Group says the world is shifting “away from a dollar-dominated financial system.” Emphasizing that a shift away from U.S. dollar influence “could have positive implications for Asian economies,” he described: “With the dollar losing its stranglehold, Asian economies would also likely experience a diversification of reserve currencies, paving the way for greater regional trade and investment opportunities.” How Reducing Dollar Dependence Could Benefit Asian Countries Nigel Green, CEO of asset management firm Devere Group, published an opinion piece in Asia Times on Friday arguing that the decline of the U.S. dollar could benefit Asian economies. The executive began: I believe that we are witnessing in real time the world beginning to shift away from a dollar-dominated financial system. “Among other reasons, this is because astronomic levels of debt, and the enormous amount of desperate money-printing to monetize these debts, have caused a c...

On August 4, 2023, Miami Republican mayor Francis Suarez announced that he’s accepting cryptocurrencies for campaign donations. The 2024 presidential candidate revealed the decision to accept digital currencies during a Coindesk TV broadcast. 2024 Presidential Candidate Francis Suarez Embraces Crypto Donations Francis Suarez , the current mayor of Miami, is well known for his stance toward bitcoin and crypto assets, and Suarez is looking to challenge incumbent president Joe Biden in the 2024 U.S. general election. On Friday, the mayor announced that he’s accepting crypto assets for campaign donations, joining two other candidates who have revealed they are accepting bitcoin for donations as well. Suarez broke the news on a Coindesk TV broadcast . “Officially, my campaign is accepting bitcoin,” Suarez disclosed. “This is a process of developing technologies that are going to create democratizing opportunities for wealth creation and are not manipulated by a human being’s ulterior mo...

JPMorgan’s economists have jettisoned previous predictions of an impending U.S. recession. Their chief U.S. economist, Michael Feroli, is confident that the American economy will maintain a modest but steady growth trajectory throughout the remainder of the current year and well into 2024. JPMorgan Foresees U.S. Economic Growth Amid ‘Ridiculous’ Fitch Downgrade and Recession Fears Echoing Bank of America’s revision of its economic outlook, JPMorgan’s team of economists have likewise set aside their earlier recession projections . The top-ranking bank in the nation initially forecasted a downturn for 2023. However, their principal U.S. economist, Michael Feroli, now holds a more optimistic view that the U.S. can successfully dodge a full-scale recession. “While a recession is no longer our modal scenario, risk of a downturn is still very elevated,” Feroli wrote on Friday. “One way this risk could materialize is if the Fed is not done hiking rates. Another way in which recession ris...

The government of Venezuela formalized its proposal to be part of BRICS, a geopolitical and economic bloc comprised of Brazil, Russia, India, China, and South Africa. Venezuelan President Nicolas Maduro explained that he hoped for a positive reception of the proposal by the nations that are part of the bloc. Venezuela Officially Applies to Enter BRICS Nicolas Maduro, President of Venezuela, announced that the government had already presented an official application to join the BRICS bloc, comprised of Brazil, Russia, India, China, and South Africa. In a weekly TV program “Con Maduro Mas,” Maduro detailed that Venezuela hopes to join the organization to “learn, support and help” grow the bloc’s vision. Maduro stated : Venezuela made its proposal to join the group and we hope it will be positively valued by the nations that integrate it. Maduro praised the role of the BRICS bloc in the international geopolitical arena, declaring that it constituted “the driving force behind the e...