FameEX Morning Crypto News Recap | July 12, 2023

Robert Kiyosaki Sounds the Alarm: BRICS Nations' Gold-Backed Currency Threatens the Demise of the US Dollar
Renowned author Robert Kiyosaki predicts the demise of the US dollar, stating that the BRICS nations are planning to introduce a gold-backed currency that will lead to the downfall of the USD. Kiyosaki also highlights the potential consequences, including a surge in inflation and an influx of US dollars back into the country.

Economist Peter Schiff Issues Dire Warning: Imminent Banking Crisis Will Result in Massive Losses and Bank Failures
Economist Peter Schiff delivers a stark message, asserting that every bank will inevitably fail, resulting in significant financial losses for account holders. He emphasizes the unavoidable repercussions, stating that individuals will suffer substantial losses amidst the unfolding banking crisis.

Goldman Sachs Report Predicts India's Ascendancy: Set to Become the World's Second-Largest Economy by 2075, Surpassing Major Economies
According to a report by Goldman Sachs Research, India is projected to surpass Japan, Germany, and the United States, emerging as the world's second-largest economy by 2075. The report anticipates significant growth in India's gross domestic product, solidifying its economic expansion in the coming decades.

Bitcoin Exodus: Massive Withdrawal of Over 855,000 BTC From Exchanges Since July 2020
Recent data reveals a decline in the number of bitcoins held on exchanges, with 2,086,034 bitcoins recorded as of July 11, 2023. This represents a significant drop from the figure of 3 million bitcoins held on exchanges since July 31, 2020. The trend indicates a continuous withdrawal of bitcoins from centralized trading platforms.

UK Regulator Intensifies Crackdown on Crypto ATMs, Investigating 18 New Sites
The Financial Conduct Authority (FCA) of the UK is actively working to close down "illegally operating" bitcoin ATMs across the country. Following recent inspections, the FCA is committed to taking further action against operators of unregistered cryptocurrency ATMs, continuing their crackdown on non-compliant machines.

Lightning Labs Unveils Advanced Tools for Integrating AI and Bitcoin: Empowering Bots to Send BTC Transactions
Lightning Labs has launched developer tools aimed at strengthening the integration of artificial intelligence (AI) and Bitcoin. The newly introduced L402 specification, along with accompanying tools, empowers AI systems to execute transactions seamlessly using the Lightning Network, bolstering the intersection of AI and cryptocurrency.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.