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Kiyosaki: Buy Silver Before It's Gone; Michael Burry Bets Against Stocks — Week in Review Rich Dad Poor Dad author Robert Kiyosaki urges buying silver before it’s gone, hedge fund manager Michael Burry has bet $1.6 billion on the stock market collapsing, and mining rig manufacturer Bitmain is set to reveal a cutting-edge BTC miner at the 2023 World Digital Mining Summit. This and more, just below, in the latest Bitcoin.com News Week in Review.

Banks Allowed to Issue Crypto Mastercard Cards in Uzbekistan Authorities in Uzbekistan have authorized two local banks to issue payment cards allowing users to spend their digital coins. The move is part of a pilot project to launch virtual cards linked to cryptocurrency wallets on an exchange that will facilitate instant conversion to fiat money.

Canaan Cuts Bitcoin Mining Power by 2 EH/s Amid US, Kazakhstan Challenges Canaan, a leading high-performance computing firm and mining rig producer, recently disclosed hurdles set to dent its bitcoin mining activities and revenue from Q3 2023 onward. These setbacks primarily stem from diminished operational hours of their mining devices. This revelation comes hot on the heels of Canaan’s teaser about their “groundbreaking” mining innovation slated for a September debut.

Morocco Denies South Africa's Claim That It Has Applied to Join BRICS: Report Morocco has reportedly denied the claim made by South Africa, the host of the BRICS summit this year, that it has formally applied to join the economic bloc. According to South African officials, over 40 countries are interested in joining the BRICS group, including 23 nations that have formally applied.

Dollarization Can Lead to 'Economic Contraction and Collapse' of Argentine Economy — Former US Treasury Official The U.S. chairperson of the Official Monetary and Financial Institutions Forum (OMFIF) has characterized the Argentinian presidential hopeful’s plan to fully dollarize the economy as “a far too risky gamble.” Mark Sobel said full dollarization without an exit policy “could well lead to a far more serious economic contraction and collapse.”

BRICS Expansion Will Speed Up De-Dollarization, Chinese Expert Says As more countries join the BRICS economic bloc, there will be a significant increase in settlements using national currencies, leading to an acceleration in the de-dollarization process, a Chinese expert says. “For most developing countries, development is a top priority. That is why the BRICS cooperation mechanism is attractive to these countries,” he added.

Economist Lord Jim O'Neill Calls BRICS Currency Idea 'Ridiculous' — Says China and India Never Agree on Anything Lord Jim O’Neill, the British economist credited with coining the acronym BRIC, calls the creation of a common BRICS currency “ridiculous,” emphasizing that the BRICS nations have “never achieved anything since they first started meeting.” He added: “It’s a good job for the West that China and India never agree on anything, because if they did the dominance of the dollar would be a lot more vulnerable.”

Bankman-Fried Wants to See His Lawyers Outside Jail Five Days a Week FTX founder Sam Bankman-Fried (SBF) is asking to be released from jail five days a week to work on his defense for the fraud trial against him set to begin in October. On Friday, Bankman-Fried’s lawyers complained to a judge in Manhattan that the currently proposed preparation time and regime for his case is “inadequate.”

Ethereum Gears Up for 'Holesky' Testnet Launch With 1.6 Billion Testnet Ether Ethereum developers plan to roll out a new testnet named Holesky, intending to bring 1.6 billion Holesky testnet ether to the network. The core devs of Ethereum highlighted that 1.4 million validators were evaluated for Holesky, with the aim of enhancing the blockchain’s comprehensive development.

US Court Classifies Tornado Cash as 'Person' in Verdict Echoing Ooki DAO Designation A recent ruling by a U.S. judge declared that Tornado Cash holds the legal status of a “person.” This development came on the heels of a previous verdict in June, which recognized the decentralized autonomous organization Ooki DAO in a similar manner.

hello, welcome to this DOGE/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- dogecoin (DOGE) was also in the green to start the weekend, as it bounced from a floor of its own. After trading at a low of 0.06079 during Friday’s session, DOGE/USD surged to a peak of 0.06385 earlier in the day. The jump in price came as the meme coin moved away from a support point of $0.0600, which is near a recent two-month low. Similar to XLM, the RSI on the dogecoin chart has bounced from a support point at the 30.00 mark, and is now tracking at 34.13. The next visible point of resistance is at the 44.00 mark, and should this point be hit, DOGE will likely be near 0.06600. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/DOGEUSDT/aijlonm7-DOGE-USDT-1DAY-UPDATE-BY-CRYPTO-SANDERS/

hello, welcome to this XLM/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Stellar (XLM) rose higher on Saturday, following a recent six-day losing streak which pushed the price to a multi-month low. XLM/USD climbed to an intraday peak at 0.12 earlier in today’s session, which comes following a low of 0.1115 the day prior. The move comes as Stellar continued to move away from a support point at 0.110, which was hit on Thursday. This was the first time the price collided with this floor since mid-June and comes as the relative strength index (RSI) hit its own floor at 30.00. the index has also rebounded and is now tracking at 34.84, which is marginally below a ceiling of 36.00. Should it push past this point, the next likely price target will be around a ceiling of $0.1340. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you

hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) was marginally higher on Saturday, as the price rebounded from a recent move below 1,600. Following a high of 1,695.45 on Friday, ETH/USD fell to a bottom of 1,644.93 to start the weekend. On Thursday, ethereum dropped to a low of 1,540, which was its weakest point since March 12, when the price was trading below the 1,459 level. The 10-day (red) moving average is now firmly on a downward trend, after appearing as though it was nearing an upwards cross earlier in the week. ethereum seems to have found a firm floor around the 1,660 level. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/ETHUSDT/PLDl6Ibi-ETH-USDT-1DAY-UPDATE-BY-CRYPTO-SANDERS/

hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bears continued to circle Bitcoin (BTC) to start the weekend, as the cryptocurrency had its biggest one-day decline since the collapse of FTX. BTC/USD dropped to a low of 25,668.92 on Saturday, which comes less than 24 hours after trading at a high of 26,598.65. bitcoin remains close to a two-month low, with some traders targeting a breakout below 25,000. the relative strength index (RSI) is deep in bearish territory, with a current reading of 18.56. Price strength hasn’t tracked below 20.00 since January last year, which for some was the beginning of the so-called “crypto winter”. Should there be further declines this weekend, the target will likely be a support point of 24,900. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/BTCUSDT/4mPyu7By-BTC-USDT-1DAY-UPDATE-BY-CRYPTO-SANDERS/

Opensea Phases Out BNB Smart Chain Support, Citing Resource Alignment With Promising Efforts One of the largest non-fungible token (NFT) platforms, Opensea, has declared its decision to withdraw BNB Smart Chain (BSC) support. Opensea revealed that the “cost to continue supporting BSC outweighs the impact.”

Worldcoin's Turbulent Debut: Down 53% From Peak With 85% WLD Held in Just 6 Wallets In just over 25 days since its listing debut on July 24, 2023, the cryptocurrency known as worldcoin (WLD) has experienced a notable decline of 29% when measured against the U.S. dollar. Notably, within the last week alone, it saw a decrease of more than 11%. Interestingly, within the past 24 hours, WLD showcased a rise of more than 15% against the greenback. Furthermore, four days prior, the count of distinct wallets containing WLD surpassed the 500,000 mark.

XLM, DOGE Rebound on Saturday, Following Recent Market Sell Off Stellar was a notable mover during Saturday’s session, as the token returned to the green to start the weekend. Prices recently fell lower for six straight days, however, bulls have reentered the market snapping this streak in the process. Dogecoin also rebounded today.

BTC, ETH Seek Support Level, Following Worst Selloff Since FTX Crisis itcoin started the weekend trading below $26,000, as the cryptocurrency had its worst week since the collapse of FTX. Market sentiment was bearish following reports that Spacex liquidated its bitcoin holdings. Ethereum remains below $1,700.

Zetachain Raises $27 Million to Develop a 'Chain to Manage Them All' Zetachain, a project that seeks to build one chain to interoperate with all other blockchains, announced it raised $27 million in a Series A funding round. Blockchain.com, Human Capital, Vy Capital, Sky9 Capital, and Jane Street Capital, among others, participated in the funding round. Zetachain will use the funds to launch its solution on mainnet and grow its app ecosystem.