DeFI News by Thebittimes.Com

Robert Kiyosaki, author of ‘Rich Dad Poor Dad’ and financial educator, is an influential voice in the realm of personal finance. He is also quite an outspoken market commentator — and never shies away from sharing his takes with investors. As a noted critic of fiat currencies, which he has often referred to as ‘fake money’, it comes as little surprise that Kiyoski is bullish on gold, silver, and cryptocurrencies — particularly Bitcoin (BTC). On the other hand, the author is also quite a controversial figure — often criticized for his incendiary, alarmist rhetoric, as well as the fact that he is approximately $1.2 billion in debt. However, over the course of 2024, Kiyosaki’s portfolio netted an impressive 76.03% return — buoyed primarily by Solana (SOL), Ethereum (ETH), and Bitcoin. Picks for you Funtico launches TICO to bolster gaming ecos...

The Shiba Inu (SHIB) community has eagerly awaited the meme coin’s one-cent mark. However, the turbulent cryptocurrency waters make it challenging for the asset to move towards this level. Following the most recent market crash, SHIB dropped 84% below its all-time high of $0.0000884. At press time, however, the meme coin registered an uptick of over 5% and was trading at $0.00001397. Telegaon data indicates that in 2040, Shiba Inu will primarily reach the one-cent milestone. The asset has a long journey ahead of it, and the only people who stand to gain from SHIB hitting a cent are those who patiently hold onto their assets. Can this dream, though, come true sooner? Also Read: Shiba Inu: AI Sets SHIB Price For August 15, 2024 Shibarium a Game Changer for Shib? Despite several hurdles and downfalls, the SHIB network has made it easier for the asset to achieve this milestone. A hard fork is scheduled to occur on the L2 network today, August 9, 2024, at 9:15 AM (UTC), per a recent an...

1. Russian President Putin Signs Law Officially Legalizing Cryptocurrency Mining link Russian President Vladimir Putin has signed a bill officially legalizing cryptocurrency mining. The law introduces new concepts such as digital currency mining, mining pools, mining pool infrastructure operators, address identifiers, and individuals organizing mining pool activities. Mining is considered part of circulation rather than the issuance of digital currencies. Only registered Russian legal entities and individual entrepreneurs are authorized to engage in mining, while individuals who do not exceed government-set energy consumption limits can mine without registration. Additionally, foreign digital financial assets can be traded on Russian blockchain platforms, and the Russian Central Bank has the authority to prohibit individual issuances if financial stability is threatened. The law will take effect ten days after its official publication. Putin described this as a promising economic secto...

Speculations of a recession have been looming large since 2022 as economists have been repeatedly warning about an upcoming market crash . According to economists, the crash could be more severe than the 2008 economic crisis and replicate the worst recession since 1929. If the market crash es, BRICS will benefit as the US economy will suffer the consequences of their own making. The uncontrolled debt of $34.4 trillion is spiraling leading to other developing countries ditching the US dollar for global trade. Also Read: BRICS: 20% of Oil Payments Settled in Local Currencies, Not US Dollar On the heels of the BRICS alliance looking to dominate the world’s financial sector, a macroeconomist shared his views that the US markets could rally one last time before tanking 50% or more. This time around, not all countries will be affected if the US economy crashes as developing countries are increasingly accumulating ...