Chain News Daily Official TheBitTimes.com

The BRICS alliance is giving hope to developing countries that want to break away from the clutches of the US dollar. Emerging economies are facing challenges from carrying the burden of the US dollar on their backs. The latest report shows that around 40 countries are interested in joining the BRICS alliance in 2024. All these nations are emerging economies and hail from Asia, Africa, and South America. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read: BRICS: Purchasing Power of the US Dollar Could Fall From 3% to Zero BRICS: 40 Countries Desire to Escape From the US Dollar Dominance Source: seekguidance.org The 40 countries share a common desire, that is to escape from the dominance of the US dollar. The development indicates that several nations are disinterested in hoarding the US dollar or settling trade with it. Also Read: BRICS Currency: 40% Could Be Tied to Gold, 60% in Local Currencies The developing countries want

Your guide: How High Will XRP go after Lawsuit? The performance of the XRP token over the past several years has been much shaped by the continuous legal conflict between the United States Securities and Exchange Commission (SEC) and Ripple Labs, the firm behind the coin. Investors and the larger crypto community are intently observing as Ripple has lately earned a string of partial successes against the SEC to see how this may affect the future path of XRP. So, if you’ve ever wondered, “How High Will XRP go after Lawsuit?” you’re in luck. Today, we’ll cover this and more. Keep reading to find out more. Also read: BRICS to Unveil De-Dollarization Roadmap at 2024 Summit? XRP’s Tumultuous Price History XRP’s path has been one of amazing highs, sharp declines, and protracted slowdowns. Launched in 2013, the token experienced minimal notable price activity until the 2017 bull run. But important events like Ripple’s 2018 xRapid product introduction turned out to be crucial in causing signif

Mythos (MYTH), the native token of the GameFi platform Mythical Games, has recorded double-digit gains in the weekly timeframe. The token was up over 50% over the past seven days as of press time. Although this achievement is consistent with general market movements, the gains can also be seen as a reaction to Mythical Games’ NFL Rivals Season 2 and the Mythical Forest campaign, both of which recorded notable demand among players. For instance, NFL Rivals was downloaded more than 5 million times and recorded over 115 million games played in its first season amid a partnership deal with Super Bowl champions, the Kansas City Chiefs; Mythical Games indicated in a statement shared with Finbold on September 27. Picks for you Short squeeze alert: Bitcoin is poised to melt some faces 36 mins ago

Swan Bitcoin has filed a lawsuit against Proton Management, a bitcoin mining firm made up of former Swan consultants, claiming that these executives “hatched and executed a ‘rain and hellfire’ plan to steal Swan’s” mining business.  Specifically, the suit alleges that several consultants who were a part of Swan’s Bitcoin mining operation allegedly planned to misappropriate Swan’s intellectual property to operate a “copycat company” that was also funded by Tether. The lawsuit includes an email that appears to show a discussion about how best to execute the exit and says, “Tether needs to send default notice.” Screenshot from the lawsuit . The Timeline According to the lawsuit, in June 2023, Swan Bitcoin CEO Cory Klippsten learned of a bitcoin mine in Australia that was trying to raise funding. He apparently discussed this opportunity with Giancarlo Devasini, the CFO of both Bitfinex and Tether, and the two agreed to form a joint venture with Swan providing management and Tether pr

Dogecoin (DOGE) is currently in the midst of a significant spike in volume combined with very rapid price action to the upside. The meme coin, which is up 27.55% year-to-date (YTD) at press time, has seen a 4.30% upswing over the last 24 hours, bolstering weekly gains to a total of 8.89%. At the time of publication,  it is trading at a price of $0.1148. DOGE price daily chart. Source: CoinMarketCap That, in and of itself isn’t necessarily unusual — however, there is something peculiar to be seen when taking a closer look at those volume spikes. Picks for you Crypto expert says XRP looks like a ‘time bomb waiting to explode’ 58 mins ago SHIB price rockets 14% in a day amid stablecoin hype 2 hours ago

As he continues to warn about the looming financial catastrophe, the popular investor, entrepreneur, and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has revealed the best strategies to survive the economic crisis he believes is coming. Specifically, Kiyosaki shared advice from investment banker James Rickards’ new book ‘MoneyGPT,’ including taking the “equivalent of two months expenses in cash and [putting] it in a safe place,” and “saving silver coins rather than saving cash in a bank,” in an X post on September 26. Q: WHY READ? A: TO PREPARE FOR THE FUTURE! As stated in a previous (X)…long time friend Jim Richards sent me an advanced copy of his soon to be released book Money GPT. I encourage everyone order a copy and study it. It’s terrifying. While the rest of the world is… — Robert Kiyosaki (@theRealKiyosaki) September 25, 2024 Silver and Bitcoin Indeed, offering his reasoning as to why he saves silver coins “

BitGo’s August 9 announcement that it was partnering with Justin Sun and BitGlobal for wrapped bitcoin (WBTC) has stoked controversy across the ecosystem and drawn greater attention to Sun’s other projects. Following the announcement, MakerDAO decided to disable new borrows against WBTC and Coinbase announced its own wrapped bitcoin product, cbBTC — a move that has drawn the ire of Sun. He has accused cbBTC of operating without proof-of-reserves or audits, going as far as to claim that exchanges that haven’t yet completed a proof-of-reserves are “unable to meet the requirements.” Unfortunately for him, Poloniex, an exchange owned by Sun that operates a wrapped bitcoin product far larger than cbBTC , doesn’t have a proof-of-reserves either. HTX, a Sun-advised exchange, relies extensively on this product, making up more than half of the ‘bitcoin’ this exchange holds. Head over to YouTube for the whole story. Read more: Justin Sun reveals Poloniex issues prevent proof of reserves

Caroline Ellison was sentenced to two years in prison for her role in the $11 billion collapse of the FTX cryptocurrency exchange that was co-founded by boyfriend Sam Bankman-Fried. The sentence came despite what Judge Lewis Kaplan called her ”remarkable” cooperation with prosecutors in testifying against Bankman-Fried, who was earlier jailed for 25 years after being convicted on seven counts of fraud and conspiracy for his role in the exchange’s collapse. “I’ve seen a lot of cooperators in 30 years here, I’ve never seen one quite like Miss Ellison,” the Judge said. Still, her sentence was necessary because of the scale of the fraud, he added. “For it to be a case this serious, to be a literal get-out-of-jail-free card — I cannot see a way to it,” he said Ellison had faced a maximum sentence of 110 years in prison, but her defense attorneys called for leniency based on her cooperation, saying it was a ”cornerstone” in Bankman-Fried’s conviction. Ellison looked stunned by the sen

Elon Musk and Javier Milei, Argentina’s president, met in New York to discuss the country’s economic future. Cryptocurrencies are a key part of their talks, and their shared vision for Argentina’s finances has sparked interest. Elon Musk and Javier Milei aim to integrate cryptocurrency into Argentina’s economy. Also Read: Buy Netflix Stock Call Echoes, Secure Upto 16% Profits, Analyst Says Navigating Market Volatility and Security Risks in Bitcoin in Argentina A Wall Street Welcome Milei rang the opening bell at the New York Stock Exchange and told the audience, “Our commitment to fiscal balance is unwavering, and we are not willing to negotiate fiscal balance under any circumstances.” This stance was supported by Elon Musk and Javier Milei. A Show of Unity Libertad! https://t.co/DQnBAh4d43 — Elon Musk (@elonmusk) September 23, 2024 Elon Musk tweeted a group photo with President Milei and his team. Everyone gave thumbs-up gestures. Musk wrote “Libertad!” ( Freedom! ). Milei replied w

The decline of the US dollar’s value is accelerating with depleting purchasing power in 2024. A dip in the USD’s buying power could lead to hyperinflation in the homeland affecting the broader stock and commodity markets. The US dollar’s purchasing power is dwindling at a time when the BRICS alliance is looking to topple it from the world’s reserve currency status. Also Read: 23 Countries Officially Apply To Join BRICS Alliance Lynette Zang, CEO of Zang Enterprises, emphasized that the US dollar’s purchasing power is eroding. The Federal Reserve documented that only 3% of the US dollar’s original purchasing power remains in 2024. “This is what the official government data will tell us,” said Zang. This gives BRICS more mileage to take on the US dollar as its purchasing power is dwindling. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Additionally, Zang explained that the purchasing power at 3% in 2024 could turn to zero next year

Shiba Inu whale activity is on the rise amid a major price breakout for the dog-themed cryptocurrency. Data from IntoTheBlock indicates that 1.3 trillion SHIB was transferred in large transactions of no less than $100,000 in the past day. This is up significantly from the day before by 115%. The increase was characterized by a $10.15 million increase in the volume of whale transactions. About 73% of Shiba Inu’s holders are whales, according to data from IntoTheBlock. With such a large concentration of whales, the SHIB market often witnesses substantial transactions. Whale movements and price pumps for Shiba Inu often go hand in hand, so it’s no surprise to see whales moving around a potential price breakout for the coin. Image Source: WatcherGuru At press time, SHIB is trading at $0.00001414. However, just this morning the coin jumped over 5.62%, reaching $0.0000145, which is its highest price in a month. SHIB’s price has also increased by nearly 92% over the past year. SHIB’s rally c

Following the sudden surge in the value of the meme cryptocurrency First City in Mars (TERMINUS), a trader capitalized on the momentum to record a 920-fold return on their initial investment. On-chain data indicates that the anonymous trader turned a $135 investment into a massive $124,000 in just two weeks, thanks to the explosive growth of TERMINUS, according to Lookonchain Analysis in an X post on September 21. Crypto trader’s returns in TERMINUS. Source: Dex Screener The token, traded on Uniswap and paired with Ethereum (ETH), experienced an astronomical rise following speculative social media posts about Elon Musk’s future Mars colony. Picks for you Investor predicts crypto to $10 but dumps millions below $4 – Why? 8 mins ago Bi