The World's Weakest Currency, Kiyosaki Says Greenback Is 'Toast,' IRS Crypto Tax Update and More — Bitcoin.com News Week in Review

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The World's Weakest Currency, Kiyosaki Says Greenback Is 'Toast,' IRS Crypto Tax Update and More — Bitcoin.com News Week in Review - Cryptocurrency

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The World's Weakest Currency, Kiyosaki Says Greenback Is 'Toast,' IRS Crypto Tax Update and More — Bitcoin.com News Week in Review

On this week’s hottest tales from Bitcoin.com Information: the Ghanaian cedi’s latest slide to a brand new low towards the USD, Wealthy Dad Poor Dad creator Robert Kiyosaki weighs in on Saudi Arabia’s transfer to affix the BRICS nations, the US Inner Income Service updates tax submitting directions for crypto, and extra.

As Ghana waits for a monetary bailout from the Worldwide Financial Fund (IMF), the nation’s foreign money, the cedi, continued its slide versus the greenback after the trade price slipped to only below C15:$1. Following this newest plunge, the cedi has now depreciated by greater than 55% in 2022 and this makes it the world’s worst-performing foreign money.

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The well-known creator of the best-selling e-book Wealthy Dad Poor Dad, Robert Kiyosaki, says the U.S. greenback is toast, citing Saudi Arabia’s request to affix the BRICS nations that comprise Russia, China, India, Brazil, and South Africa.

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The Inner Income Service (IRS) has up to date the crypto part in the 2022 draft directions for tax kind 1040. “For instance, digital belongings embrace non-fungible tokens (NFTs) and digital currencies, akin to cryptocurrencies and stablecoins,” the tax company detailed.

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Nokia, one of many first corporations to fabricate a consumer-grade cell phone system, now believes the metaverse will trigger telephones to change into deprecated. “Our perception is that this machine can be overtaken by a metaverse expertise in the second half of the last decade.”

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What are your ideas on this week’s hottest tales from Bitcoin.com Information? Make sure you tell us in the feedback part beneath.

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