Robert Kiyosaki, a renowned financial expert, has sparked significant attention with a recent tweet highlighting China’s current economic difficulties. According to Kiyosaki, China is facing challenges as it borrows money to invest in its stock market, a move he criticizes as unwise and desperate. He points out that the core issue lies in the global decrease in consumer purchasing, affecting economies worldwide.

Kiyosaki strongly advises against investing in stocks and bonds during these turbulent times. Instead, he recommends turning towards more stable and tangible assets. His advice for investors and individuals alike is to invest in physical gold, silver, and to seize the opportunity to acquire Bitcoin. Kiyosaki’s emphasis on Bitcoin suggests a strong belief in its potential as a safe investment amidst the ongoing economic uncertainties faced by major economies like China.

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Cardano (ADA), a key player in the cryptocurrency market, has shown outstanding progress in its ecosystem’s development, particularly in the surge of smart contracts on its platform. Since the beginning of the year, the network has experienced a significant increase in the number of Plutus scripts, the backbone of Cardano’s smart contracts. The total count reached 39,032 by March 19, marking a 171.45% growth from January 1, when it was just 14,379.

This expansion includes Plutus V1 scripts, now at 6,439, up by 2.27% from earlier in the year, and Plutus V2 scripts, which have seen a phenomenal rise of 303.23%, reaching 32,593. Daily, the Cardano ecosystem is adding around 495 new smart contracts, with 82 being Plutus V1 and 413 Plutus V2 scripts. This rapid development pace underscores Cardano’s robust growth and innovation within the cryptocurrency sector.

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Pitch Day at The Bitcoin Conference is back! Bitcoin Magazine and The Bitcoin Conference are looking for the next wave of Bitcoin startups to compete in the ultimate Bitcoin pitch competition. Taking place in Nashville July 25-27 at Bitcoin 2024, the world’s largest Bitcoin conference, founders will present their vision on Bitcoin’s biggest stage to panels of judges across 6 categories:

Layer 2 + Scaling TechnologyMining + EnergyInvesting (Alpha)Open SourceOrdinalsLocals Only (Nashville-based startups)

Pitch Day at the Bitcoin Conference has highlighted elite Bitcoin startups across the ecosystem since 2021 with previous winners including: Debifi, Geyser Fund, Nunchuck, Alby, The…

Read more on BitcoinMagazine

Ripple President Monica Long positions 2024 as the landmark year for cryptocurrency’s move into the mainstream, driven by growing institutional interest. Long’s vision, highlighted in recent statements, underscores the crucial role of blockchain technology in the financial sector’s evolution. Her insights were shared at the Newcomer Banking Summit, emphasizing blockchain’s potential to revolutionize financial access in collaboration with traditional banking institutions.

This prediction aligns with a rising tide of both retail and institutional engagement in the crypto arena. Long’s concept of “cryptoization” in developing markets, where cryptocurrencies are increasingly preferred over local currencies, supports her expectation of widespread institutional adoption next year. With Ripple already leading innovations in cross-border payments and decentralized finance—earning accolades like the FinTech Breakthrough Award 2024—Long’s forecast heralds a pivotal year ahead for the crypto world.

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BIGCAP COINS:

1. Bitcoin: Market Cap of $1.3 Trillion.
2. Solana: Market Cap of $76.1 Billion.
3. Pepe: Market Cap of $2.9 Billion.

MIDCAP COINS:

1. BOOK OF MEME: Market Cap of $606 Million.
2. Polyhedra Network: Market Cap of $252 Million.
3. SingularityDAO: Market Cap of $76.6 Million.

RISING COINS:

1. MAGA: Market Cap of $213 Million.
2. pepeCoin: Market Cap of $215 Million.
3. Pond Coin: Market Cap of $10.2 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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The US SEC, in an aggressive move, is looking to classify Ethereum as a security, shaking up the cryptocurrency world. This action, highlighted by subpoenas to several U.S. companies, dampens hopes for the approval of an Ethereum ETF, especially after recent green lights for Bitcoin ETFs. Amidst this backdrop, the SEC has also delayed its decision on the VanEck Ethereum ETF, casting further uncertainty on Ethereum’s status in the financial market.