North American countries are diversifying economic alliances, with Cuba taking a notable step by applying for BRICS membership. This shift underscores a growing interest in alternatives to the US dollar.Cuba has become the first North American nation to apply for BRICS membership, a significant move preceding the October 2024 summit. This decision highlights a strategic pivot towards the economic bloc that promotes multipolarity. Cuba’s application is seen as part of a broader geopolitical strategy to align with emerging economies and reduce reliance on the US dollar.The application comes at a time when the BRICS alliance is gaining traction, with numerous…
Author: Sam Allcock
Sam Allcock
Sam Allcock is a seasoned entrepreneur and passionate storyteller with a keen eye for emerging trends and viral phenomena. With over a decade of experience in the business world, Sam has successfully launched several startups that blend innovation with creativity. At 88com.net, he brings his expertise in curating compelling content that captures the zeitgeist of our digital age. When he's not exploring the latest trends, Sam enjoys connecting with his audience and sharing insights that inspire and inform. Join him on a journey through the stories that are shaping our world today!
Ripple’s CEO, Brad Garlinghouse, has recently expressed strong disapproval towards the US Securities and Exchange Commission (SEC) regarding its stance on XRP, despite judicial rulings.This controversy is entwined with the ongoing Bitnomial case, highlighting broader implications for cryptocurrency regulation.Ripple’s Prolonged Legal StruggleRipple, the pioneering blockchain enterprise behind the XRP token, is embroiled in an extensive legal contention with the SEC. The core issue centers on the classification of XRP, a matter that has far-reaching implications for the cryptocurrency landscape. While a security denotes any financial asset symbolising an investment in an entity, the SEC’s classification would subject XRP to stringent…
Former Ripple executive, Matt Hamilton, recently shared compelling insights into why XRP surpasses Bitcoin in several key areas.Amidst the ongoing evolution within cryptocurrency, Hamilton deliberately underscores XRP’s potential advantages when placed side-by-side with the dominant Bitcoin. His insights could reshape the perspectives of investors and analysts alike.Throughout 2024, Ripple and Bitcoin have diverged significantly. Despite Bitcoin’s historic approval as the first crypto-based ETF by the US Securities and Exchange Commission, Ripple continues its legal tussle with the SEC. Yet, Ripple’s former director of Developer Relations, Matt Hamilton, offers a unique perspective on why XRP might be the better choice.Hamilton has…
Ripple CEO Brad Garlinghouse has publicly backed Bitnomial’s legal stand against the SEC, which may impact the future regulation of digital asset futures.Bitnomial has initiated a lawsuit against the U.S. Securities and Exchange Commission, contesting its authority over XRP futures, thereby igniting a significant debate over jurisdiction.Bitnomial, a reputable platform for trading futures contracts in digital assets, is challenging the SEC’s dominion over XRP futures. The platform argues that its offering of XRP-based derivatives has been self-certified with the U.S. Commodity Futures Trading Commission (CFTC), which traditionally governs futures markets. This legal action is seen as a crucial step in…
Iberdrola, the owner of Scottish Power, has committed to investing £24bn in the United Kingdom to enhance its green energy infrastructure.This substantial investment doubles Iberdrola’s commitment to the UK, which is now its largest market for global investments.The funds will be directed towards upgrading the UK’s high-voltage cables and expanding electricity transmission and distribution networks.Two-thirds of the investment will focus on Scotland, with significant developments including a new subsea superhighway linking Torness to Hawthorn Pit.The announcement aligns with the UK’s goals for decarbonisation by 2030 and precedes the International Investment Summit in London.Iberdrola, the parent company of Scottish Power, has…
UK inflation is on the verge of dropping below the Bank of England’s 2% target for the first time in over three years.Consumer price inflation is anticipated to decrease from 2.2% in August to as low as 1.7% in September.This decrease is attributed to declining global energy prices and resolved supply chain issues post-pandemic.The Bank of England faces mounting pressure to lower interest rates in response to the diminishing inflation.Future inflation might climb again due to rising energy costs and adjustments from the upcoming budget.Official figures are anticipated to show a reduction in consumer price inflation from 2.2% in August…
Amidst searching for stable employment, a 23-year-old trader remarkably navigates the unpredictable realm of crypto to amass $350K.While peers focus on traditional careers, this individual considers an alternate future—escaping the nine-to-five routine for exotic tranquillity.In 2022, amidst a volatile but opportunity-rich crypto market, a young trader’s journey commenced. Balancing physiotherapy studies with crypto trading, the 23-year-old pursued this growing interest despite rigorous academic demands. Engaging in trading sessions between study breaks, they managed to stay afloat in both worlds. Their family, however, anticipated a traditional career path post-graduation—a classic generational divide emphasising new-age digital wealth versus conventional stability.In just two…
Shiba Inu, a cryptocurrency sensation, has shown remarkable growth since its inception. With a current market cap exceeding $10 billion, SHIB is among the top digital assets worldwide.As SHIB navigates the competitive crypto landscape, speculation abounds about its potential to reach a $100 billion market cap. What would this mean for investors and the market at large? Let us explore.For Shiba Inu (SHIB) to achieve a market cap of $100 billion, its current value must increase tenfold. Currently, only Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) boast market caps exceeding this benchmark. Notably, Bitcoin stands alone with a monumental valuation…
The CPCA has partnered with the ICO to develop a pioneering privacy certification. This initiative promises to reshape digital advertising by aligning it with UK GDPR.This first-of-its-kind collaboration aims to provide regulatory clarity and market stability, addressing ongoing privacy challenges faced by the industry.Addressing Privacy Concerns in Digital AdvertisingThe development of a global privacy certification by the CPCA in collaboration with the ICO marks a pivotal moment in digital advertising. With increasing concerns about privacy compliance, this initiative aims to resolve existing ambiguities and align ad tech products with UK GDPR standards. This will level the playing field and protect…
Uber’s stock has witnessed a remarkable surge, jumping 9.8% and reaching a new high of $85.56. This dramatic increase can be largely attributed to recent events surrounding Tesla.Tesla’s recent Robotaxi event failed to impress investors, causing them to shift their confidence towards Uber. As a result, Uber’s market value soared, reflecting strengthened investor trust in its business strategy.Tesla’s Robotaxi Announcement and Its Market ImpactThis week, expectations were high as Tesla prepared to unveil its self-driving taxi vehicle at a highly anticipated event. The announcement was seen as crucial for Tesla, with Elon Musk describing it as one of the company’s…