BITCOIN

Russian President Vladimir Putin has stated that the U.S. dollar-based global financial system is gradually collapsing. “After all, a currency is a derivative of the power of the economy of the country that issues this currency,” Putin noted, emphasizing: “The share of the American economy in world GDP is declining.” In contrast, the Russian president highlighted the increasing share of BRICS countries in terms of purchasing power parity compared to the G7 countries. Putin on U.S. Dollar-Based Financial System Collapsing Russian President Vladimir Putin conveyed at the plenary session of the 20th-anniversary meeting of the Valdai Discussion Club on Thursday that the global financial system based on the U.S. dollar is gradually collapsing. “The Bretton Woods system is outdated,” Putin said (translated by Google), noting that he is not the only one with this view, as Western experts also share this perspective. The Russian president added: This Bretton Woods system was created on

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised to end the White House’s war on bitcoin if he is elected President of the United States. “I’m going to make sure that bitcoin is protected, that people can keep their own wallets, that the current White House war on bitcoin will be over, that transactions will be protected and encouraged,” said the presidential hopeful. RFK Jr.’s Bitcoin Promises U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) discussed a variety of topics, including bitcoin, in an interview with Bitcoin Magazine, published Wednesday. RFK Jr. is a son of former U.S. Attorney General and Senator Robert F. Kennedy and nephew of former U.S. President John F. Kennedy. The presidential candidate pledged that if elected as the President of the United States: I’m going to make sure that bitcoin is protected, that people can keep their own wallets, that the current White House war on bitcoin will be over, that transactions will be prote

Bitcoin traded above $28,000 to start the weekend, after Joe Rogan commented that it had a chance of becoming a “universal viable currency.” Additionally, traders also reacted to yesterday’s U.S. nonfarm payrolls, which rose by 336,000 in September, more than the 170,000 many had expected. Ethereum was marginally higher on Saturday. Bitcoin Bitcoin ( BTC ) continued to trade around the $28,000 level on Saturday, as traders responded to podcast phenom Joe Rogan, discussing the cryptocurrency. Speaking to founder of Openai Sam Altman, Rogan said, “That’s the one that has the most likely possibility of becoming a universal viable currency.” BTC /USD peaked at $28,252.54 following the comments, following a low at $27,215.55 during Friday’s session. Looking at the chart, the move came after the relative strength index (RSI) broke out of its own price ceiling at 61.00. Currently, price strength is now tracking at a reading of 62.25, with the next visible ceiling at the 65.00 mark. Sh

Blockchain forensics firm Chainalysis is shedding a chunk of its workforce, the second time it’s doing so within this year. The news comes in a difficult period for the whole industry which saw a number of such moves in 2023, against the backdrop of a persistent bear market and increased regulatory pressure. Crypto Analytics Company Chainalysis Parts Ways With 15% of Its Employees Chainalysis is laying off around 150 people, or a little more than 15% of its staff, Forbes revealed quoting an email from CEO Michael Gronager sent to employees earlier this week. The job cuts come amid ongoing challenges in the crypto space that have been reducing commercial demand for the firm’s products, according to the report. Most of the layoffs will be in the marketing and business development departments which are focused on the private sector as the company is concentrating on more stable government contracts, the article detailed. Madeleine Kennedy, vice president of communications, was quoted