The BRICS organization is considering the launch of a global currency that would bypass the US dollar and is preparing to respond to the surge of applications from countries that share similar goals. South Africa, in charge of this year's BRICS chairmanship, revealed that the group is creating guidelines to deal with the rising interest from nations that want to become part of the economic bloc.

The BRICS leader's meeting in August is anticipated to cover the subject. In addition, Marathon Digital Holdings, a major bitcoin mining business in the United States, announced that it is looking to expand into the United Arab Emirates, while MicroBT showcased three new mining rigs and Strike CEO Jack Mallers said that the company's application is set to expand to over 65 countries, hoping to increase the availability and widespread use of Bitcoin as a form of payment on an international basis.