FameEX Morning Crypto News Recap | July 12, 2023

Robert Kiyosaki's Warning: BRICS Nations' Gold-Backed Currency Poses a Dire Threat to the US Dollar
Renowned author Robert Kiyosaki warns of the US dollar's collapse due to the BRICS nations' impending launch of a gold-backed currency. He emphasizes the potential aftermath: rampant inflation, a flood of US dollars returning home.

Economist Peter Schiff's Warning: Impending Banking Crisis to Cause Severe Losses and Bank Failures
Economist Peter Schiff delivers a chilling prediction: all banks are bound to collapse, leading to substantial financial losses for account holders. With emphasis on the inescapable consequences, he warns that individuals will endure significant losses amidst the ongoing banking crisis.

India's Rise Foreseen: Goldman Sachs Report Projects Second-Largest Economy Status by 2075, Surpassing Major Global Economies
Goldman Sachs Research forecasts India's rise above Japan, Germany, and the United States, positioning itself as the second-largest global economy by 2075. The report predicts substantial growth in India's gross domestic product, consolidating its economic expansion for the forthcoming decades.

Bitcoin Exodus: Over 855,000 BTC Withdrawn From Exchanges in a Major Trend Since July 2020
Bitcoin Exodus: Number of Bitcoins on Exchanges Declines, Dropping to 2.1 Million on July 11, 2023, from 3 Million on July 31, 2020, as Investors Continue to Withdraw from Centralized Trading Platforms.

UK Regulator Ramps Up Crypto ATM Crackdown, Probing 18 New Sites for Compliance
UK's Financial Conduct Authority (FCA) is determined to shut down illicit bitcoin ATMs throughout the country. With recent inspections conducted, the FCA remains resolute in its mission to take additional measures against operators of unregistered crypto ATMs, persisting in their crackdown on non-compliant machines.

Lightning Labs Empowers AI-Bitcoin Integration with Cutting-Edge Tools, Enabling BTC Transaction Capabilities for Bots
Lightning Labs' recent release of developer tools focuses on enhancing the integration between artificial intelligence (AI) and Bitcoin. The introduction of the L402 specification, accompanied by complementary tools, empowers AI systems to effortlessly conduct transactions through the Lightning Network, further solidifying the intersection of AI and cryptocurrency.

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