Hot topics from Bitcoin.com news this week: the recent drop in the Ghanaian cedi against the U.S. dollar, Rich Dad, Poor Dad author Robert Kiyosaki assesses Saudi Arabia’s BRICS countries, U.S. IRS updates tax filing instructions for crypto, and more.
Report Ghanaian Cedi Falls Further Against USD, Becomes World’s Worst Currency
As Ghana awaits a financial bailout from the International Monetary Fund (IMF), the country’s currency, the cedi, has continued to fall against the dollar after its exchange rate fell to just under 15 cents to the dollar. Following this latest plunge, the cedi has now fallen more than 55% to 2022, making it the worst performing currency in the world.
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Robert Kiyosaki says US dollar is doomed, citing Saudi Arabia’s request to join BRICS
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Famous author of the best-selling “Rich Dad, Poor Dad” Robert Kiyosaki says the U.S. dollar is doomed because Saudi Arabia wants to join the BRICS nations, which consist of Russia, China, India, Brazil, and South Africa.
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IRS Updates Crypto-Related Instructions for 2022 Tax Return
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Internal Revenue Service (IRS) Draft 2022 Tax Form 1040 Instructions, updated the cryptography section of the instructions.” For example, the tax agency detailed that “digital assets include non-financial tokens (NFTs) and virtual currencies such as cryptocurrencies and stablecoins.
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Nokia convinced that metaverse will replace smartphones in the future
Nokia, one of the first companies to produce a consumer-grade cell phone system, now believes that the Metaverse will make phones deprecated.” Our belief is that this device will be overtaken by the metaverse experience in the second half of the decade.”
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