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Conflicting details about BRICS discussing the formation of a new currency are reported a month before the summit. South Africa’s BRICS ambassador Anil Sooklal was the first to indicate that BRICS could launch a new currency in August. The Ambassador later backtracked on his statements saying that BRICS currency is not on the agenda in the next summit. However, Russia’s Deputy Prime Minister Alexei Overchuk said in the latest interview that BRICS could discuss launching a new currency in August. Also Read: 74 Countries Ready To Attend BRICS Summit In August BRICS is an acronym for Brazil, Russia, India, China, and South Africa. The summit will be held in Johannesburg on August 22 to 24. The leaders of all nations will attend the summit, except Russian President Vladimir Putin will be virtually present. Putin faces arrest if he steps foot in South Africa for war crimes against Ukraine BRICS Could Discuss Formation of New Currency At Next Summit, Says Russian Dep...

According to a well-known cryptocurrency analyst, Bitcoin (BTC) is about to start sharp rallies that might push the leading digital asset to a new all-time high before the year ends. Credible Crypto, a pseudonymous analyst, informs his 343,200 Twitter followers that Bitcoin is experiencing a five-wave rise in a new video. The expert claims that BTC is currently in the middle of its third primary wave, which generally positions an asset for an upward parabolic advance. Also, add, “Generally, the third wave is the strongest. You’re expected to see rapid expansion once we break out of this structure here… I’ve talked about $10,000 monthly candles and that’s exactly what I expect to see once we break out of this consolidation.” Credible Crypto is a well-known proponent of the Elliott Wave theory, a sophisticated technical Analysis method that seeks to forecast future price movement by observing crowd psycho...

Term Finance , a DeFi system that enables fixed-term loans via on-chain auctions, is pleased to announce the integration of Chainlink Price Feeds on Ethereum mainnet. Term now has access to high-quality, tamper-proof price feeds essential to help borrowers monitor collateral values by integrating the industry-leading decentralised oracle network. This will give lenders more assurances of borrower solvency while also providing borrowers with the price information they need to better manage the condition of their collateral. The initial integration will use the following Chainlink Price Feeds: wstETH/ETH, ETH/USD, wBTC/BTC, BTC/USD, USDC/USD, USDT/USD, DAI/USD. They chose Chainlink as the protocol’s go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst un...

Renowned billionaire investor Mike Novogratz urges people to buy Bitcoin amid the United States’ surging debt and interest payments . In a recent tweet, the CEO of Galaxy Digital and prominent billionaire investor  Mike Novogratz investor and crypto advocate Mike Novogratz issued a resounding call amid concerns over the surging US interest payments reaching new heights. Specifically, Novogratz exclaimed, “Buy Bitcoin ,” in response to market analyst Joe Consorti’s revelation that the United States’ interest payments have skyrocketed to $970 billion. The analyst said the figure marked an alarming increase of $41 billion during the second quarter. Buy $BTC!!! https://t.co/UyGNaGXzyI — Mike Novogratz (@novogratz) July 27, 2023 US Interest Payment to Reach $1 Trillion  Consorti’s accompanying graph titled “US Government Annual Interest Expense” further portrayed a stark picture of the US situation. It showed the rise of interest payments from below $400 billio...

Optimism has topped rival blockchain Arbitrum in daily transactions for the first time since January. Optimism’s recent Bedrock update and the release of Worldcoin on the Optimism blockchain led to this achievement. Arbitrum is still ahead of Optimism in terms of total value locked and active users. Ethereum layer 2 scaling solution Optimism has surpassed rival blockchain Arbitrum in terms of daily transactions. Optimism topped Arbitrum’s transactions for the first time in six months. Optimism’s recent bedrock update and the launch of Sam Altman’s Worldcoin on Optimism have been identified as the drivers behind the network’s increased transactions. According to data from CryptoRank, Optimism clocked more than 887,000 transactions on July 25, 2023. Arbitrum’s transactions came in at 630,534 at the time, marking a difference of more than 25%. Arbitrum has been the dominant network in terms of daily transactions since January this year. Optimism’s average transa...

Former FTX boss Sam Bankman-Fried will not be facing a charge of illegal campaign financing due to an extradition treaty between the US and the Bahamas.  A court filing was published on July 26 by US Attorney for the Southern District of New York (SDNY) Damian Williams. US government has no plans to proceed with charge s accusing Sam Bankman-Fried of conspiracy to make unlawful campaign donations. It was the eighth count in the original indictment unsealed in December 2022.  “Accordingly, in keeping with its Treaty Obligations to The Bahamas, the Government does not intend to proceed to trial on the campaign contributions count.” Excerpt from court filing The decision came after the US sought clarification from The Bahamas authorities regarding whether the charge was included in Bankman-Fried’s extradition.  In response, The Bahamas government informed the US that “it did not intend to extradite the defendant on the campaign contributions count....

The creators of the popular NFT game Axie Infinity announced a partnership with NFT collection CyberKongz to migrate the Play & Kollect game to Ronin. In this week’s newsletter, read about how Reddit onboarded millions into Web3 through its nonfungible token (NFT) avatars, and check out McDonald’s first metaverse experience in The Sandbox. Find out why professional gamers are interested in trying out Web3 games, and why Axie Infinity creator Sky Mavis is partnering with NFT collection CyberKongz to develop a new game. And don’t forget this week’s Nifty News, featuring an NFT image of Ethereum co-founder Vitalik Buterin. Reddit engineer shares strategy behind NFT onboarding at EthCC At the recent Ethereum Community Conference (EthCC) event, Reddit’s senior engineer Mirela Spasova shared how the online forum platform onboarded millions to its NFT avatars. Spasova highlighted that the motivation behind the project was empowering users with freedom of use. By making the collectible p...

Also Read: Big Day For Crypto As US House Votes On Multiple Digital Asset Bills advertisement SBF Broke Bail Conditions? As per reports, prosecutors raised a concern of witness tampering as SBF handed over personal writings by Caroline Ellison to a New York Times reporter. Caroline the former chief executive of crypto hedge fund, Alameda Research has pleaded guilty. However, she is expected to testify against SBF in the fraud case. The prosecutors suggested that Sam Bankman-Fried ’s motive for sharing crucial documents is an attempt to tamper with the witness. This is being done to cast Caroline in a bad light and send a message through press media that she committed these crimes alone, District Judge Lewis Kaplan was directed by the U.S. Attorney’s office in Manhattan to restrict SBF from giving out public statements linked to the case. As per some proposed conditions, SBF was required to operate a phone with no internet connection and basic...

A crypto whale has purchased $6.7 million of PEPE in the last 38 hours. The win rate was 33%.  Crypto whales are taking advantage of the decline in Bitcoin (BTC) and other cryptocurrencies to execute large trades.  In the latest development, a PEPE whale with a wallet address beginning with 0xa54 re-accumulated 4.6 trillion PEPE tokens from Binance at an average price of $0.000001409. The whole trade amounted to $6.7 million in the past 38 hours.  You might also like: Pepe whales accumulate more coins, data shows According to the on-chain analytics platform Spot on Chain, the said whale’s trading strategy has a win rate of 33.3%. Previous gains from PEPE were +$614K (9.55%). This was accompanied by losses of -$260K (-7.93%) from BNB and -$89K (-13.4%) from LINK.  Whale 0xa54 re-accumulated 4.6T $PEPE from #Binance at $0.0₅1409 on avg ($6.47M) over the past 38hrs. Notably, it has a win rate of only 33.3%: +$614K (9.55%) from $PEPE -$260K (-7.93%) from $BNB -$89K (-13.4%...

Implement Crypto To Avoid High Costs In Latin America and the Caribbean, Island Pay will roll out a digital wallet that uses Circle’s USDC stablecoin as its main medium of exchange. The wallet, known as CiNKO , will be offered in more than 30 nations and will enable users to fund prepaid cards, conduct business with vendors, and send payments to other users even if they don’t have a bank account. advertisement “Our goal is to continuously look for ways to advance financial inclusion in the region and enhance financial experiences for both the unbanked and banked populations,” Island Pay CEO Richard Douglas stated. Bloomberg reported that according to an email from Circle’s Chief Business Officer Kash Razzaghi, the CiNKO wallet is a component of a larger initiative to introduce stablecoins and decentralized finance protocols in Latin America . According to a recent report by Circle, the technology might cut the cost of sending mone...

Boba Network, the multichain layer-2 solution, announced its integration with Oku, the DeFi trading platform. By incorporating Oku into their ecosystem, Boba Network enables dApps to offer enriched and seamless user experiences. Both firms believe that the integration of Oku into the Boba Network marks a significant milestone in the DeFi landscape. Earlier today, Boba Network, the multichain layer-2 (L2) solution, announced its integration with Oku, the DeFi trading platform powered by Uniswap v3 and created by GFX Labs. According to the team, this integration marks a significant milestone in the journey of both organizations. While speaking to the Coin Edition team, representatives of Boba Network stated that this collaboration highlighted the firm’s commitment to advancing the DeFi trading experience, promising users increased speed, cost-effectiveness, and a user-friendly interface. By incorporating Oku into their ecosystem, Boba Network enables dApps to o...

In we look at the multi-year chart of Dogecoin ( DOGE ), the DOGE price has been forming a strong descending triangle. Popular crypto analyst Ali Martinez explains that the last time, DOGE formed the descending triangle chart pattern, it rallied by 23,200%. Any sustained close above $0.08 could give a strong confirmation for the same. advertisement #Dogecoin | The last time a descending triangle developed on the monthly chart $DOGE pumped 23,200%! 👀 I'll be looking at a sustained monthly close above $0.80 for confirmation. pic.twitter.com/RVgymwIhtK — Ali (@ali_charts) July 23, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read ...

Terra Luna Classic To Get A Community-Owned Wallet Happy Catty Crypto’s Proposal 11645 “ L1 Team To Build Wallet Infrastructure ” submitted for voting has received support from the community and is now considered officially passed as it surpassed the pass threshold. The proposal has received almost 71% “Yes” and 2% “No” votes, with 27% choosing to vote “Abstain.” advertisement Until now, 20 validators such as Allnodes, HappyCattyCrypto, JESUSisLORD, Classy’s Sphere, and PFC have favored the proposal. Meanwhile, validators including Interstake One, Luna Station 88, and StakeBin voted “Abstain” and one validator rejected the proposal. The proposal is based on the L1TF proposal, the developer team will create a Terra Luna Classic community-owned web version of Station, iOS & Android mobile apps, and Chrome browser extension. The Joint L1 Task Force will develop the community-owned ...

Tesla’s alleged addition of Bitcoin code has been debunked. Dogecoin remains on the Tesla payment source code. In 2021, Tesla cited environmental concerns to halt BTC payments. A swift fact-check has just unraveled the rumors surrounding Tesla’s alleged addition of Bitcoin (BTC) to its payment page source code. Colin Wu, a prominent Chinese reporter, took to Twitter to dispel the speculations and set the record straight. There were rumors in the community that Tesla added Bitcoin and Dogecoin to its payment page source code. However, upon verification, it was found that Bitcoin and Dogecoin were already present in the source code as early as January 2023. It appears that Tesla did not remove this… pic.twitter.com/CATEWPmnVn — Wu Blockchain (@WuBlockchain) July 20, 2023 Contrary to the buzz in the crypto community, it has been confirmed that Bitcoin and Dogecoin were, in fact, already embedded in Tesla’s source code as far back as ...

Lawyers of the defunct crypto exchange, FTX, now argue that founder Sam Bankman-Fried commingled customer funds for “personal aggrandizement” to garner influence for himself. FTX targets life science investments According to court documents filed by FTX attorneys on July 19, customer funds worth $71.5 million transferred to Sam Bankman-Fried’s Life Science-focused NGO qualifies as recoverable assets and should be clawed back. FTX lawyers wrote to a bankruptcy court that Bankman-Fried’s “sham non-profit organization” Latano and the FTX Foundation received millions from Alameda and FTX accounts. These funds were commingled user funds, lawyers asserted.  You might also like: BlockFi CEO was aware of FTX’s conditions when lending to it The filing claims that the Bahamas-based Latano science fund and the FTX foundation invested this $71.5 million in life science companies like Lumen Bioscience and 4J Therapeutics between February-October 20...

Ripple ’s native token XRP was caught in the crossfire of a lawsuit filed by the SEC declaring the cryptocurrency a security. Judge Analisa Torres ruled that XRP is not a security leading to an embarrassing defeat of the SEC. After the ruling went in Ripple ’s favor, XRP jumped 75% reaching a high of $0.82. The crypto is attracting bullish sentiments and is looking to breach the $1 mark and forge ahead in the indices to breach $2. Also Read: VeChain: How Profitable Is VET if You Hold Until 2025? XRP/USD Chart by TradingView While a handful of analysts predict that XRP could reach $2, the timeline for the target is a mystery. In this article, we will highlight when Ripple ’s native token XRP could climb above the $2 milestone. When Will Ripple’s Native Token XRP Reach $2? Source: Pinterest ‘Price Predictions‘, the leading AI algorithm has forecasted a rosy picture for XRP in the coming months. The AI algorithm provided a new prediction aft...