The World’s Weakest Currency, Kiyosaki Says Greenback Is ‘Toast,’ IRS Crypto Tax Update and More — Bitcoin.com News Week in Review

The World’s Weakest Currency, Kiyosaki Says Greenback Is ‘Toast,’ IRS Crypto Tax Update and More — Bitcoin.com News Week in Review

In this week’s hottest stories from Bitcoin.com News: the Ghanaian cedi’s recent slide to a new low against the USD, Rich Dad Poor Dad author Robert Kiyosaki weighs in on Saudi Arabia’s move to join the BRICS nations, the United States Internal Revenue Service updates tax filing instructions for crypto, and more.

The World's Weakest Currency, Kiyosaki Says Greenback Is 'Toast,' IRS Crypto Tax Update and More — Bitcoin.com News Week in Review

Report: Ghanaian Cedi Slides Further Versus the US Dollar to Become World’s Worst-Performing Currency

As Ghana waits for a financial bailout from the International Monetary Fund (IMF), the country’s currency, the cedi, continued its slide versus the dollar after the exchange rate slipped to just under C15:$1. Following this latest plunge, the cedi has now depreciated by more than 55% in 2022 and this makes it the world’s worst-performing currency.

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The World's Weakest Currency, Kiyosaki Says Greenback Is 'Toast,' IRS Crypto Tax Update and More — Bitcoin.com News Week in Review

Robert Kiyosaki Says US Dollar Is Toast Citing Saudi Arabia’s Request to Join BRICS

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says the U.S. dollar is toast, citing Saudi Arabia’s request to join the BRICS nations that comprise Russia, China, India, Brazil, and South Africa.

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The World's Weakest Currency, Kiyosaki Says Greenback Is 'Toast,' IRS Crypto Tax Update and More — Bitcoin.com News Week in Review

IRS Updates Crypto-Related Instructions for 2022 Tax Filing

The Internal Revenue Service (IRS) has updated the crypto section in the 2022 draft instructions for tax form 1040. “For example, digital assets include non-fungible tokens (NFTs) and virtual currencies, such as cryptocurrencies and stablecoins,” the tax agency detailed.

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The World's Weakest Currency, Kiyosaki Says Greenback Is 'Toast,' IRS Crypto Tax Update and More — Bitcoin.com News Week in Review

Nokia Believes the Metaverse Will Replace Smartphones in the Future

Nokia, one of the first companies to manufacture a consumer-grade mobile phone system, now believes the metaverse will cause phones to become deprecated. “Our belief is that this device will be overtaken by a metaverse experience in the second half of the decade.”

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Tags in this story brics, cedi, crypto taxes, depreciation, Dollar Decline, Ghana, irs crypto, Metaverse, Nokia, robert kiyosaki, smartphones, USD

What are your thoughts on this week’s hottest stories from Bitcoin.com News? Be sure to let us know in the comments section below.

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Updated: 10/30/2022 — 09:00

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