This is Aamir, working as a Journalist, Bureau Chief of English News Paper & Digital Media Influencer's, a former on-air correspondent with Reuter News.
BRICS Plans Gold-Backed Currency Launch by September: Potential Boost for Bitcoin and XRP Saudi Arabia will sell oil in local currencies, moving away from the US dollar after 50 years. The decision could drive Bitcoin and XRP prices to new.
MATIC broke the triangle in a downward direction, and the price dropped significantly after the breakdown. This is why we advised against opening new positions. Consider accumulating some MATIC if the price drops to the support area.
The number of transactions processed by the Bitcoin network is nearing new all-time highs.
The current monthly average transaction count is 617,000 per day, which is 31% above the yearly average, indicating a strong demand for Bitcoin blockspace.
Competing Claims Filed for Bankman-Fried's Forfeited Assets in FTX Bankruptcy!
Three groups have filed claims over assets seized from Sam Bankman-Fried following his criminal conviction.
The FTX debtors' estate argues that the assets, including funds in bank accounts and political contributions, were not his to forfeit, as they were held in the name of FTX entities or funded by FTX assets.
They believe granting their claim will benefit all creditors and stakeholders, including victims of Bankman-Fried's crimes.
Binance Co-Founder Urges Elon Musk to Address Cryptocurrency Scams on Platform X !
Yi He, co-founder of Binance, expressed concerns about cryptocurrency scams on Elon Musk's X.com platform, highlighting impersonation scams using her name and handle. She warned users about a scam directing them to click on a link for Binance-backed memecoins, which do not exist, potentially leading to financial loss.
1. The most valuable asset you have is not money but time.
2. Compound Interest can turn even small amounts of money into large sums over time. The key is to start investing early and to invest consistently.
3. The importance of humility: You might make good decisions, but external factors play a major part too. Stay humble and don't overestimate your skill.
4. Risk is not a One-Size Fits All: What's risky for one individual may not be the same for another. Housel encourages the readers to assess their risk appetite and tailor their financial strategies accordingly.
5. The Power of Saying No: Learn to say no when it comes to financial temptations and impulsive spending. This insight is crucial for avoiding the debt trap and building the financially secure future.
6. Learn from the past: study the financial history to gain the broader perspective on the market's ups and downs. By learning from the past crisis and booms you can make more informed decisions, mitigate risks & seize opportunities.
7. The trap of lifestyle inflation: As income rises, spending often increases to match it. "The Psychology of Money" warns against this and suggests saving and investing income increases to improve financial security.
8. Focus on what you can control: while you can't predict the stock market or macro-economic trends, you can control your savings rate, spending habits and investment decisions
Former Binance CEO 'CZ' Holds 64% of Circulating BNB Supply
Former Binance CEO Changpeng Zhao (CZ) owns 64% of Binance Coin's circulating supply, around 94 million BNB tokens, per a Forbes report. Binance and CZ together control 71% of the 147 million BNB in circulation, making Zhao the 24th richest person globally with an estimated net worth of $61 billion.
Notcoin Price Surges Over 15% as Telegram's TON Reaches New All-Time High
Notcoin (NOT) surged over 15% on Friday, surpassing $0.20 and reversing its previous downtrend since its all-time high of $0.028 on June 2. The rise is linked to the increasing popularity of Telegram-based "x to earn" games. Daily active wallets on the TON blockchain have surpassed 547,000, indicating significant growth.
Turkey Imposes New 0.03% Transaction Tax on Cryptocurrency
Turkey plans to introduce new taxes, including a 0.03% transaction tax on cryptocurrency trading, to address the budget deficit caused by 2023's earthquakes. This move aims to change the approach to financial transaction regulation and could bring in an estimated 3.7 billion liras a year.