Bitcoin News and Finance: What You Need to Know

Nasdaq-listed crypto exchange Coinbase has officially launched in Canada with new offerings to “make cryptocurrencies more accessible to millions of Canadians.” A Coinbase executive stated: “Canada is well positioned to be a global leader in the cryptoeconomy.” Coinbase Officially Launches in Canada Cryptocurrency exchange Coinbase (Nasdaq: COIN) announced its “official launch in Canada” with a series of new offerings on Monday. Coinbase CEO Brian Armstrong tweeted announcing the launch, stating that his company’s Canadian operation has new leadership, new payment rails, new regulatory milestones, and 200 local employees. “Smart countries are embracing this technology (and creating regulatory clarity) to help update the financial system and drive economic growth,” he described. Coinbase is launching in Canada today! New leadership, new payment rails, new regulatory milestones, and 200 local employees. Smart countries are embracing this technology (and creating regulatory clarit...

Nobel Prize-winning economist Paul Krugman believes that an alien invasion would be inflationary, not deflationary. He reiterated that “the government should lie and claim that we were facing an imminent alien invasion.” He added: “If there is intelligent life out there, it’s almost surely thousands or millions of years ahead of us.” Paul Krugman on Alien Invasions Nobel laureate Paul Krugman discussed a variety of topics, including alien invasions and the U.S. economy, on Bloomberg’s Odd Lots podcast, published Friday. Krugman won the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel in 2008 for his analysis of trade patterns and location of economic activity. He was asked: “Do you think there could be life elsewhere in the galaxy?” The economist replied: “I would think that it’s extremely unlikely that there isn’t.” Krugman was also asked: “Would an alien invasion be deflationary or inflationary?” The Nobel laureate replied: I think that we can say it prett...

Rich Dad Poor Dad author Robert Kiyosaki has urged investors to buy silver before it’s gone, noting that the precious metal is getting rarer. He stressed that silver is “a better bargain” as a long-term investment than gold. Robert Kiyosaki Urges Investors to Buy Silver The author of Rich Dad Poor Dad, Robert Kiyosaki, has urged investors to buy silver before it’s gone, noting that the precious metal is becoming rarer. 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 Monday that he considers both gold and silver God’s money. However, the author pointed out that gold is multiple times more expensive than silver, noting that the latter, being an industrial precious metal, is becoming rarer due to its usage. Kiyosaki expressed his belief that silver is a better bar...

Reports have surfaced that Bitmain, the well known mining rig manufacturer, intends to unveil a cutting-edge bitcoin ( BTC ) miner at the 2023 World Digital Mining Summit (WDMS) in Hong Kong this coming September. The device, christened the Antminer S21, is being hailed by Bitmain as the market’s most proficient machine, marking a pivotal shift in the industry into the 1X joules per terahash (J/T) era. Antminer S21: Bitmain’s Next-Gen Bitcoin Miner to Debut at Hong Kong’s WDMS 2023 The impending launch of this new mining rig has been detailed in a report by Weixin, which highlights that the device will be revealed at the 2023 WDMS in Hong Kong from September 22 to 23, 2023. The Antminer S21, whose existence was also confirmed by local Chinese crypto reporter Colin “Wu Blockchain,” is poised to take center stage. “Bitmain announced that it will hold the Summit in Hong Kong from September 22 to 23, 2023 and release the latest Antminer S21 bitcoin mining machine,” proclaimed the rep...

PRESS RELEASE. The global financial system has undergone multiple changes throughout its lifetime. First, with the introduction of the gold standard, then with advancements in banking communications, digitized international trade and investment, and remittances. All of these inventions have made the world economy more efficient. In recent years, this trend hasn’t stopped. World-leading entrepreneurs still continue to release exciting financial products that improve our lives and make the market more efficient. The next iteration of financial technologies are already here: cryptocurrency, cryptography, distributed ledgers, and blockchain technology. These four technologies are already changing the nature of P2P payments and global value exchanges. World Pay (WPAY) is the newest creation that seeks to build on the P2P and blockchain revolution to make finance more direct and transparent. Introducing WPAY: A Decentralized Payment System For Everyone WPAY is a decentralized payment s...

The BRICS challenge to the world’s established economic order is not a joke, according to experts in the field of international relations. Now that the bloc, which unites leading emerging markets, accounts for over a quarter of the global gross domestic product (GDP), it could become a counterpart of the G7 group of developed economies, they say. BRICS Push for Global Economic and Financial Reform Deemed Hard to Ignore With more countries willing to join BRICS , which currently consists of Brazil, Russia, India, China, and South Africa, the bloc’s push to reform the global economic and financial system should be taken seriously, according to Anthony Rowley, a veteran journalist specializing in Asian economic and financial affairs. Given the weight of the economies of the BRICS members, which already account for more than a quarter of the world GDP, “no one can dismiss lightheartedly now their challenge to the established economic order,” Rowley wrote in an article published Saturda...