Here are the three biggest stories from last weekend brought to you by U.Today.
Here are the three biggest stories from last weekend brought to you by U.Today.
‘Rich Dad Poor Dad’ Author Bitcoiner Predicts Stock Market Crash, Stay Steady
In a recent x publication On February 3, Robert Kiyosaki, financial markets expert and author of the best-selling book “Rich Dad, Poor Dad,” shared a pessimistic prediction on the American stock market. Even though many major indices, including the Dow Jones Industrial Average, the Nasdaq Composite and the S&P 500, are climbing higher and higher, Kiyosaki warns his followers “not to be fooled” as the current situation in the US The economy is not as strong as it seems. The financial guru believes the reason the stock market remains high is the Magnificent Seven, companies funded by the US government: Apple, Alphabet (Google’s parent company), Meta Platforms, Amazon, Microsoft, NVIDIA and Tesla . Kiyosaki therefore urges investors to proceed with caution, stating that both the stock and bond markets are about to collapse soon.
Ripple predicts biggest breakthrough by 2024 for decentralized finance
In a recent insights report, Vibe identifies compliance as potentially the most significant development for decentralized finance (DeFi) in 2024. During a recent public-private roundtable with regulators and industry representatives co-hosted by Ripple and TRM Labs, participants suggested that DeFi may benefit from a common definition, greater data exchange. through regulatory regimes and compliance protocols integrated through smart contracts. According to Ripple, major regulatory organizations have already started having preliminary discussions on DeFi, including the Monetary Authority of Singapore (MAS) and the International Organization of Securities Commissions (IOSCO). Jurisdictions that lack regulatory frameworks for cryptocurrencies, such as the United States, are making progress. This auspicious start, according to Ripple President Monica Long, is one of the reasons why pioneering DeFi compliance could be the biggest breakthrough of 2024, expanding blockchain applications in finance.
Important clarification on SHIB burns made by a Shiba Inu member
@RagnarShiba, the administrator of the Telegram channel “Shibarium Tech”, recently entered the X platform to clear up the misunderstanding regarding the new Shibarium burning mechanism and the “New Era” in SHIB burning. Ragnar believes that some members of the SHIB community have incorrectly interpreted an article about the mechanism in the recent issue of Shiba magazine, thinking it will be ready in January. The admin provided a quote from the article, which states that SHIB’s new burn mechanism began testing in January on Puppynet (Shibarium’s testnet): “Starting in January, the mechanism will evolve into an automated system on Puppynet with testing purposes.” Only after that will it be implemented on the mainnet, Ragnar emphasized. According to the article, the main objective of the mechanism is to drastically reduce the circulating supply of SHIB tokens with the aim of increasing the value of SHIB and benefiting its ecosystem. In January, the recording mechanism will “evolve into an automated system” on Puppynet.
