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

1 year ago

In this week’s hottest stories from Bitcoin.com News: the Ghanaian cedi’s caller descent to a caller debased against the USD, Rich Dad Poor Dad writer Robert Kiyosaki weighs successful connected Saudi Arabia’s determination to articulation the BRICS nations, the United States Internal Revenue Service updates taxation filing instructions for crypto, and more.

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

Report: Ghanaian Cedi Slides Further Versus the US Dollar to Become World’s Worst-Performing Currency

As Ghana waits for a fiscal bailout from the International Monetary Fund (IMF), the country’s currency, the cedi, continued its descent versus the dollar aft the speech complaint slipped to conscionable nether C15:$1. Following this latest plunge, the cedi has present depreciated by much than 55% successful 2022 and this makes it the world’s worst-performing currency.

Read More

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

Robert Kiyosaki Says US Dollar Is Toast Citing Saudi Arabia’s Request to Join BRICS

The celebrated writer of the best-selling publication Rich Dad Poor Dad, Robert Kiyosaki, says the U.S. dollar is toast, citing Saudi Arabia’s petition to articulation the BRICS nations that comprise Russia, China, India, Brazil, and South Africa.

Read More

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

IRS Updates Crypto-Related Instructions for 2022 Tax Filing

The Internal Revenue Service (IRS) has updated the crypto conception successful the 2022 draught instructions for taxation signifier 1040. “For example, integer assets see non-fungible tokens (NFTs) and virtual currencies, specified arsenic cryptocurrencies and stablecoins,” the taxation bureau detailed.

Read More

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

Nokia Believes the Metaverse Will Replace Smartphones successful the Future

Nokia, 1 of the archetypal companies to manufacture a consumer-grade mobile telephone system, present believes the metaverse volition origin phones to go deprecated. “Our content is that this instrumentality volition beryllium overtaken by a metaverse acquisition successful the 2nd fractional of the decade.”

Read More

What are your thoughts connected this week’s hottest stories from Bitcoin.com News? Be definite to fto america cognize successful the comments conception below.

Bitcoin.com

Since 2015, Bitcoin.com has been a planetary person successful introducing newcomers to crypto. Featuring accessible acquisition materials, timely and nonsubjective news, and intuitive self-custodial products, we marque it casual for anyone to buy, spend, trade, invest, earn, and enactment up-to-date connected cryptocurrency and the aboriginal of finance.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.

View source