Bitcoin News and Finance: What You Need to Know

Over 40 countries have agreed to implement the crypto reporting framework developed by the Organisation for Economic Co-operation and Development (OECD) as mandated by the G20. The widespread, consistent, and timely implementation of this crypto reporting framework “will further improve our ability to ensure tax compliance and clamp down on tax evasion, which reduces public revenues and increases the burden on those who pay their taxes,” they said. 48 Jurisdictions Implementing OECD’s Crypto Reporting Framework Forty-eight jurisdictions, including more than 40 countries, issued a joint statement on Friday regarding the implementation of the Crypto-Asset Reporting Framework (CARF), developed by the Organisation for Economic Co-operation and Development (OECD), as mandated by the G20. The statement was jointly issued by Armenia, Australia, Austria, Barbados, Belgium, Belize, Brazil, Bulgaria, Canada, Chile, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany,...

Rich Dad Poor Dad author Robert Kiyosaki has cautioned that fiat money is not safe, emphasizing that central banks are buying gold to save themselves. He urged investors to safeguard themselves against central bankers and reiterated his advice to invest in gold, silver, and bitcoin. Is Fiat Money Safe? Robert Kiyosaki Says ‘Hell No’ The author of Rich Dad Poor Dad, Robert Kiyosaki, has urged investors to protect themselves from central bankers, emphasizing that fiat money is not safe. 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. The famous author wrote on X Saturday: Central banks like Fed are buying gold. Does this mean fiat money is safe? Hell no! “Central bankers are saving themselves from their own incompetence, that’s why they buy gold. Their job is to protect the ...

Shark Tank investor Kevin O’Leary, aka Mr. Wonderful, has cautioned that it could take another year and a half for the U.S. Securities and Exchange Commission (SEC) to approve a spot bitcoin exchange-traded fund (ETF). He emphasized that we will not see a spot bitcoin ETF in the U.S. until there is a crypto exchange that’s compliant with the SEC. Kevin O’Leary’s Spot Bitcoin ETF Prediction Shark Tank investor Kevin O’Leary, the chairman of O’Leary Ventures, discussed the potential approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) at the Benzinga Fintech Deal Day & Awards on Monday. O’Leary believes that increased regulatory clarity is necessary for the SEC to approve a spot bitcoin ETF. He explained that a spot bitcoin ETF needs a transparent and compliant crypto exchange to confirm the spot market pricing daily, emphasizing that the SEC will not approve one until there is such an exchange. He predicted: There’s not g...

In a recent interview, Adrian Day, CEO of Adrian Day Asset Management, shared his insights, positing a looming economic downturn in the U.S. Day critically analyzed the Federal Reserve’s actions, explaining their expected impacts on the nation’s economy. Adrian Day: Recession Looms Like an Oncoming Train On November 8, 2023, Adrian Day the founder and CEO of Adrian Day Asset Management spoke with Michelle Makori, the lead anchor and editor-in-chief at Kitco News at the New Orleans Investment Conference 2023. During the interview , Day voiced concerns about the U.S. economy’s trajectory towards recession , deeming it “inevitable” due to the delayed repercussions of monetary policy tightening. He noted the historical sequence where recessions ensue rate hiking cycles, highlighting that the average delay from rate hikes’ commencement to recession onset spans approximately 22 months. This perspective indicates that the U.S. might not yet have fully grappled with the Federal Reserve’s m...