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Russia Recognizes Digital Currencies of Other Nations The Russian government has legally recognized digital currencies issued by other nations, local crypto media reported. The respective legislative changes have been made alongside the adoption of a dedicated law regulating the introduction of Russia’s own digital ruble.

Indian Analyst: World War III Already Started, BRICS Could Merge With SCO The president of a New Delhi-based think tank believes that World War III has already begun. He also anticipates the BRICS economic bloc (Brazil, Russia, India, China, and South Africa) merging with the Shanghai Cooperation Organization (SCO). “A single merged organization will be much more clearer, stronger and grow into very meaningful pole,” he described.

Asian Economies Could Benefit From Reduced Dollar Influence, Says Devere CEO The CEO of asset management firm Devere Group says the world is shifting “away from a dollar-dominated financial system.” Emphasizing that a shift away from U.S. dollar influence “could have positive implications for Asian economies,” he described: “With the dollar losing its stranglehold, Asian economies would also likely experience a diversification of reserve currencies, paving the way for greater regional trade and investment opportunities.”

Miami Mayor Francis Suarez Announces Acceptance of Cryptocurrencies for 2024 Presidential Campaign On August 4, 2023, Miami Republican mayor Francis Suarez announced that he’s accepting cryptocurrencies for campaign donations. The 2024 presidential candidate revealed the decision to accept digital currencies during a Coindesk TV broadcast.

JPMorgan Economists Discard Prior Recession Prediction, Foresee US Economic Resilience JPMorgan’s economists have jettisoned previous predictions of an impending U.S. recession. Their chief U.S. economist, Michael Feroli, is confident that the American economy will maintain a modest but steady growth trajectory throughout the remainder of the current year and well into 2024.

Class Action Lawsuit Against Tether, Bitfinex Dismissed A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin USDT had diminished in value.

Reports Suggest 11th-Largest Bitcoin Wallet Belongs to Stablecoin Giant Tether A 21.co research analyst has disclosed that Tether, the company behind the world’s most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an individual familiar with the matter has verified to The Block that said address does indeed belong to Tether.

X Will ‘Never’ Launch a Crypto Token, Says Musk Tech investor Elon Musk said that his social media platform X, formerly Twitter, will never launch its own cryptocurrency token. He made the statement in response to a post by a user of the networking service warning about fake coin projects exploiting Musk’s name and that of the platform.

Hello, welcome to this SHIB/USDT 1DAY chart update by CRYPTO SANDERS. CHART ANALYSIS:-Shiba Inu (SHIB) jumped to a three-month high on Saturday, with prices surging by as much as 10%. Following a low of 0.000008551 on Friday, SHIB/USD surged to a peak of 0.000009509 earlier in today’s session. This resulted in the meme coin climbing to its strongest point since May 6, when the price reached a high of 0.00001007. the move comes as the 14-day relative strength index (RSI) moved past a resistance level of 67.00. the index is tracking at 73.62, which is its highest level since February. Should momentum continue throughout the weekend, the next target for bulls is likely to be a ceiling at 0.00001025. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/SHIBUSDT/IC6BZJpH-SHIB-USD-1DAY-UPDATE-BY-CRYPTO-SANDERS/

Hello, welcome to this DOGE/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- dogecoin (DOGE) also rose higher today, snapping a three-day losing streak in the process. DOGE/USD rallied to a high at 0.07628, less than 24 hours after the meme coin was at a low of 0.07279. As a result of this surge in price, DOGE is now trading at its highest point since Wednesday, after breaking out of a resistance zone of 0.0760. This coincided with the RSI moving past its own ceiling at the 52.00 mark. It is currently at a reading of 55.84. Despite today’s rally, dogecoin is still trading nearly 3% lower than at the same point last weekend. 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/xcDU0CvV-DOGE-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/

hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) remained above the 1,800 level, despite bearish sentiment intensifying on Saturday. ETH/USD dropped to a bottom at 1,817.41 earlier in today’s session, following a peak of 1,847.91 the day prior. The decline saw ethereum drop close to Tuesday’s low at 1,812, which was the weakest point the cryptocurrency had hit since June 21. This latest downturn comes as price strength moved below a key support point at the 43.00 mark. the index is tracking at 41.57. 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/GRKgxH4F-ETH-USD-1DAY-UPDATE-BY-CRYPTO-SANDERS/

hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin (BTC) dropped to below the 29,000 level on Saturday, as traders continued to digest the latest nonfarm payrolls report. Following a high of 29,302.08 on Friday, BTC/USD slipped to a bottom of 28,885.34 earlier in today’s session. This was the first time since Tuesday that the world’s largest cryptocurrency had fallen below 29,000. Saturday’s decline came as the relative strength index (RSI) moved to a long-term support level of 42.00. The index is currently tracking marginally below this point, as bears attempt to maintain the current downward momentum. However, the price has since consolidated, and as of writing is trading above today’s low, with a current price of 29,022.59. 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/y8WZwZeB-BTC-USD-1DAY-UPDATE-BY-CRYPTO-SANDERS/

SHIB Surges to 3-Month High to Start the Weekend Shiba inu was a notable gainer during Saturday’s session, as the meme coin climbed to a three-month high. The move comes as traders continue to react to Binance’s decision to approve the coin as a collateral asset, in addition to the upcoming launch of Shibarium. Dogecoin also snapped its recent losing streak today.

BTC, ETH Extend Declines on Saturday, as Markets React to Latest NFP Report Bitcoin started the weekend trading below the $29,000 level, as markets continued to react to the latest U.S. nonfarm payrolls (NFP) report. 187,000 jobs were added to the economy in July, less than the 200,000 markets had expected. Ethereum neared a multi-week low.

Worldcoin Confirms Kenya ID Verification Pause The CEO of Worldcoin’s founding entity confirmed on Aug. 2 that his organization has paused “World ID verifications in Kenya” and will attempt to address concerns raised by authorities. Kenya’s ICT Minister Eliud Owalo has said Worldcoin’s verification services were being carried out within the confines of the law.

Base Opens Ethereum Bridge, Mainnet to Launch August 9 Base, the Ethereum L2 (layer 2) scaling layer backed by Coinbase, has opened bridging for selected assets from Ethereum. In a blog post, the protocol also announced that the Base mainnet deployment was slated for August 9, allowing free access to developers to launch their apps on top of it.

Venezuela Presents Official Request to Join BRICS The government of Venezuela formalized its proposal to be part of BRICS, a geopolitical and economic bloc comprised of Brazil, Russia, India, China, and South Africa. Venezuelan President Nicolas Maduro explained that he hoped for a positive reception of the proposal by the nations that are part of the bloc.

Base Opens Ethereum Bridge, Mainnet to Launch August 9 Base, the Ethereum L2 (layer 2) scaling layer backed by Coinbase, has opened bridging for selected assets from Ethereum. In a blog post, the protocol also announced that the Base mainnet deployment was slated for August 9, allowing free access to developers to launch their apps on top of it.

Venezuela Presents Official Request to Join BRICS The government of Venezuela formalized its proposal to be part of BRICS, a geopolitical and economic bloc comprised of Brazil, Russia, India, China, and South Africa. Venezuelan President Nicolas Maduro explained that he hoped for a positive reception of the proposal by the nations that are part of the bloc.

Binance Users Reach 150 Million, CZ Reveals Registered users of Binance have hit 150 million, the crypto exchange’s founder and CEO, Changpeng Zhao (CZ), announced on social media. The milestone has been reached despite increased regulatory pressure on the world’s largest trading platform for digital assets in the past few months.