Bitcoin News and Finance: What You Need to Know

Russian President Vladimir Putin has stated that the U.S. dollar-based global financial system is gradually collapsing. “After all, a currency is a derivative of the power of the economy of the country that issues this currency,” Putin noted, emphasizing: “The share of the American economy in world GDP is declining.” In contrast, the Russian president highlighted the increasing share of BRICS countries in terms of purchasing power parity compared to the G7 countries. Putin on U.S. Dollar-Based Financial System Collapsing Russian President Vladimir Putin conveyed at the plenary session of the 20th-anniversary meeting of the Valdai Discussion Club on Thursday that the global financial system based on the U.S. dollar is gradually collapsing. “The Bretton Woods system is outdated,” Putin said (translated by Google), noting that he is not the only one with this view, as Western experts also share this perspective. The Russian president added: This Bretton Woods system was created on ...

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised to end the White House’s war on bitcoin if he is elected President of the United States. “I’m going to make sure that bitcoin is protected, that people can keep their own wallets, that the current White House war on bitcoin will be over, that transactions will be protected and encouraged,” said the presidential hopeful. RFK Jr.’s Bitcoin Promises U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) discussed a variety of topics, including bitcoin, in an interview with Bitcoin Magazine, published Wednesday. RFK Jr. is a son of former U.S. Attorney General and Senator Robert F. Kennedy and nephew of former U.S. President John F. Kennedy. The presidential candidate pledged that if elected as the President of the United States: I’m going to make sure that bitcoin is protected, that people can keep their own wallets, that the current White House war on bitcoin will be over, that transactions will be prote...

Billionaire Elon Musk has called for a “comprehensive overhaul” of regulatory agencies, which includes the U.S. Securities and Exchange Commission (SEC). The Tesla and Spacex CEO added that there needs to be a commission to take punitive action against individuals who abuse their regulatory power for personal and political gain. Elon Musk Says Comprehensive Overhaul of Regulatory Agencies ‘Sorely Needed’ Tesla and Spacex CEO Elon Musk has called for a thorough overhaul of regulatory bodies, including the U.S. Securities and Exchange Commission (SEC). He made this call after the securities regulator sued him to force him to testify about his acquisition of social media platform Twitter, now known as X. In response to X user Mario Nawfal, who shared the news of Musk being sued by the SEC, the Tesla CEO wrote: A comprehensive overhaul of these agencies is sorely needed, along with a commission to take punitive action against those individuals who have abused their regulatory power ...

Backed Finance, a real-world asset tokenization issuer, announced its successful issuance of the first tokenized security on Coinbase’s Base, a layer two (L2) blockchain. The team introduced bIB01 tokens to the decentralized finance (defi) sector, mirroring the price dynamics of the Ishares short-term Treasury bond ETF. Tokenizing U.S. Bonds on Coinbase’s L2 According to Backed Finance’s team, tokenized real-world assets have been successfully issued on the Base blockchain network. These “b tokens,” or Backed Tokens, are ERC20 coins representing ownership of structured product units. Each token corresponds to a unit of a fully collateralized tracker certificate, which traces the listed value of a specific traded security and is wholly supported by that underlying security, according to Backed. “Backed has issued the first tokenized security on Base – bIB01, a tokenized short-term U.S. treasury bond ETF. Base, Coinbase’s L2 network, offers a low-cost, developer-friendly way to buil...

On October 6, 2023, the cryptocurrency Cardano, known by its ticker ADA , is ranked as the eighth-largest in market capitalization, valued at just over $9 billion, or 0.817% of the $1.08 trillion cryptocurrency market. As the digital currency landscape evolves, ADA has emerged as a key contender. This article delves into Cardano’s origins, its native cryptocurrency ADA , its history, and its functionality. Introduction to Cardano: Origins and Founders Cardano is a decentralized, open-source blockchain platform that enables peer-to-peer transactions with its native cryptocurrency, ADA . The Cardano project was launched in 2015 by Ethereum co-founder Charles Hoskinson . Through Cardano, Hoskinson sought to tackle challenges posed by earlier blockchain systems. Cardano’s journey started in 2015 when Hoskinson and Jeremy Wood founded IOHK (Input Output Hong Kong), a research and development firm. Their mission was to leverage peer-reviewed academic research to construct a more secu...