South Africa to Amend Budget Process After Political Wrangling
'South Africa's current budget process has not kept pace with the country's evolving fiscal, institutional, and political realities' the Treasury said in a statement on Wednesday. 'A comprehensive budget reform will be implemented for the 2026 budget that aims to clarify trade-offs, reduce waste, and prioritize high-impact programs.'
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Yahoo
an hour ago
- Yahoo
The Smartest Cryptocurrency to Buy With $1,000 Right Now
Key Points This top cryptocurrency commands 60% of the entire industry's market cap, and it's the largest and most valuable digital asset by far. There is a vast financial ecosystem that supports greater adoption of this crypto. Investors can have confidence in this network's staying power for the long term. 10 stocks we like better than Bitcoin › Recent developments have created a more favorable regulatory backdrop for the cryptocurrency industry. That should gives investors confidence when assessing whether they will put money to work. But among the sea of choices out there, it can feel like an impossible task trying to pick one. I think it's best to keep things simple. If you have $1,000 that you're ready to invest in this exciting asset class, look no further than this top cryptocurrency. I view it as the smartest investment to make in the sector. Already a winner The entire crypto market is valued at roughly $4 trillion, as of July 24. However, there's one digital asset that reigns supreme. Bitcoin (CRYPTO: BTC), which carries a market cap of $2.4 trillion, represents 60% of the whole industry. I believe it's the best crypto to buy right now with $1,000. Introduced in early 2009, Bitcoin is the oldest cryptocurrency in the world. This gives it a valuable first-mover advantage. It has the brand recognition, as well as the mind share, that puts it ahead of all the other blockchains. Plus, Bitcoin is likely the first place investors look when thinking about allocating capital to cryptocurrency. Bitcoin is also the most liquid. Its market cap is more than five times more valuable than Ethereum's. Just in the past 24 hours, about $30 billion worth of Bitcoin was sent between addresses. Bitcoin's network effect can't be overstated. There is a large group of developers working on maintaining it, and there are miners and nodes scattered around the globe supporting Bitcoin's functioning. This doesn't mention all the market participants that use Bitcoin. Looking more broadly, Bitcoin has a deep (and growing) financial ecosystem that supports its adoption. Financial services, including exchanges, wallets, payment systems, exchange-traded funds, and custody services, is one robust area that highlights how much development is taking place with Bitcoin. One of the biggest risks was that the U.S. government would ban Bitcoin. This is no longer something to worry about, as Bitcoin has been fully embraced. For example, the White House announced a planned Strategic Bitcoin Reserve, showcasing the importance of owning the digital asset at the federal level. Thinking about the next decade and beyond Warren Buffett is a legendary investor who has found tremendous success because his philosophy centers on owning durable businesses that have stood and will continue to stand the test of time. Investors should adopt the same approach when looking at the cryptocurrency industry. Yes, there will be smaller, more volatile, and more exciting tokens whose prices can skyrocket in a short period of time based on changing investor sentiment. But no one can confidently say that they will even be around a decade from now. Bitcoin stands above the rest. I believe it's the crypto that has the most staying power. It has survived up until now, successfully making it through changing economic conditions and multiple crypto winters, only to bounce back stronger than ever. This gives me confidence that it will not only be relevant, but will be thriving, far into the future. Gold currently has a market cap of $23.1 trillion. For thousands of years, the precious metal has been viewed as the scarcest asset in the world. Bitcoin is even scarcer, with an absolutely finite supply cap of 21 million units. This makes it extremely attractive to own, especially when compared to the excessive spending and rising debt of the U.S. government and other countries around the globe. A $1,000 investment in Bitcoin today could be worth significantly more years and decades down the road. Should you buy stock in Bitcoin right now? Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy. The Smartest Cryptocurrency to Buy With $1,000 Right Now was originally published by The Motley Fool
New York Times
2 hours ago
- New York Times
Dozens Are Killed by ISIS-Linked Rebels at a Church in Congo
Dozens of people were killed on Sunday in an attack on a church in eastern Congo by a rebel group linked to the Islamic State. The rebels, armed with guns and machetes, attacked the church in the city of Komanda around 1 a.m. while more than 100 people were holding a nighttime prayer vigil, according to local residents. More bodies were found in burned houses nearby. The U.N. peacekeeping mission in the country, citing official reports, said that 43 people had died, including nine children. The Congolese Army said about 40 had been killed. Children, mostly between the ages of 12 and 14, were taken hostage, according to the priest at the church, Sainte Anuarite. The parish was holding a celebration for its 25th anniversary when it was attacked. Missionaries from Italy serve in the church, and the country's deputy prime minister condemned the assault, saying that places of worship must be protected. In a letter shared with The New York Times, the church had in June requested security from the local authorities ahead of the events. 'Unfortunately, no intervention took place during the attack,' said Father Aimé Lokana Dhego, the priest at the church. He said the army and U.N. forces arrived only afterward 'to count and assess the dead and damages.' Want all of The Times? Subscribe.
Bloomberg
3 hours ago
- Bloomberg
Angel Investors in India Will Become Rarer Than Tigers
Angel investing in India has just crossed a modest milestone of $1 billion in commitments, and already the nascent asset class is facing extinction. Blame it on an overdose of regulatory attention. Until recently, affluent individuals who placed small bets on long shots were targeted with a bizarre 'angel tax,' which viewed startups' fundraising as taxable income. Now that the government has finally scrapped the draconian levy, the Securities and Exchange Board of India has sown fresh seeds of disquiet for people who want to try early-stage allocations via collective investment plans: It wants them to get accredited.
