Simon Ng Latest research shows that among all nations, Singapore, the United States, and Japan have the highest per citizen debt, based on United Nations statistics. Meanwhile, a unique Bitcoin block reward from 2010 has reemerged following a 13-year slumber. Furthermore, 69 leaders have been invited by the BRICS economic alliance for their summit in August. All this and more can be found in the CryptokenTop.com Weekly News Digest.
Singapore and US Lead in Per Person National Debt, China Holds Most Debt in BRICS: Research
Singapore, the United States and Japan are at the forefront worldwide when it comes to per person national debt, as per a study utilizing U.N. statistics. The government debt shouldered by each American citizen is ten times more than what a Chinese citizen bears, as suggested by the research.
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Revival of 2010 Bitcoin Block Reward After 13-Year Inactivity
On July 24, 2023, a block reward from 2010 was moved for the first time in 13 years, marking the initial spending of dormant bitcoin from that year for this month. Thus far this year, a total of nine such block rewards from the 2010 epoch have been utilized, resulting in the transfer of 450 bitcoins.
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69 Leaders Invited to August BRICS Summit — Western Nations Excluded
The BRICS economic alliance has extended an invitation to 69 leaders for its impending summit, which includes all African state leaders and the political heads of prominent Global South entities. Over 40 nations have shown interest in joining the BRICS group, with 22 countries having already filed official applications. “We’ve never had such a broad outreach,” declared South Africa’s diplomat responsible for BRICS relations.
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Interpreting Ripple’s Verdict: A Possible Tsunami for the SEC
Earlier this month, the Southern District Court of New York made a groundbreaking ruling that the institutional sales of XRP executed directly by Ripple are to be considered as securities sales. Interestingly though, XRP sales on secondary markets, particularly on crypto exchanges, are not. This verdict has stirred a ripple, no pun intended, in the cryptocurrency arena, potentially causing upheaval for the U.S. Securities and Exchange Commission (SEC).
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What’s your take on this week’s stories? Don’t hesitate to share your thoughts in the comments section below.
Table Of Contents
Frequently Asked Questions (FAQs) about Weekly Financial News Roundup
What are the top three countries by sovereign debt per citizen, according to U.N. data?
The top three countries by sovereign debt per citizen, according to U.N. data, are Singapore, the United States, and Japan.
What is a notable event in the Bitcoin ecosystem?
A rare Bitcoin block reward from 2010 was transferred for the first time in 13 years, marking a significant expenditure of dormant Bitcoin from that year.
Who are the invitees to the upcoming BRICS summit?
The BRICS economic bloc has invited 69 leaders to its upcoming summit, including all African heads of state and the political heads of major Global South bodies.
What was the significant ruling about Ripple’s XRP?
The Southern District Court of New York ruled that institutional sales of XRP conducted directly by Ripple are considered securities sales. However, XRP sales on secondary markets, specifically crypto exchanges, are not.
