Tags in this story
World’s Weakest Currency, Kiyosaki Says Greenback is “Toast”, IRS Crypto Tax Update and More – Bitcoin.com News Week in Review – The Weekly Bitcoin News
In this week’s hottest stories from Bitcoin.com News: the Ghanaian cedi’s recent plunge to a new low against the USD, Rich Dad Poor Dad author Robert Kiyosaki weighs in on Saudi Arabia’s move to join the BRICS nations, US Internal Revenue updates Service tax filing instructions for crypto and more.
Report: Ghanaian cedi slips further against US dollar to become world’s worst performing currency
As Ghana awaits a financial bailout from the International Monetary Fund (IMF), the country’s currency, the cedi, continued to slide against the dollar after the exchange rate fell to just under C15:$1. Following this latest plunge, the cedi has now weakened by more than 55% in 2022, making it the world’s worst performing currency.
read more
Robert Kiyosaki says US dollar toasts citing Saudi Arabia’s request to join BRICS
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that the US dollar is toast, referring to Saudi Arabia’s request to join the BRICS nations that include Russia, China, India, Brazil and South Africa.
read more
IRS updates crypto-related instructions for 2022 tax filing
The Internal Revenue Service (IRS) has updated the crypto section of the 2022 draft instructions for tax form 1040. “For example, digital assets include non-fungible tokens (NFTs) and virtual currencies, such as cryptocurrencies and stablecoins,” the tax agency detailed.
read more
Nokia believes that Metaverse will replace smartphones in the future
Nokia, one of the first companies to produce a consumer-based mobile phone system, now believes that the metaverse will lead to the discontinuation of phones. “Our belief is that this entity will be overtaken by a metaverse experience in the second half of the decade.”
read more
What are your thoughts on this week’s hottest stories from Bitcoin.com News? Be sure to let us know in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.
