The Financial Iron Curtain Going Up Between BRICS and the G7

Matt Riley: The Financial Iron Curtain Going Up Between BRICS and the G7

Palisades Gold Radio:  11-25-2024

Tom welcomes retired naval officer Matt Riley to the show. Matt shares his background in economics and global affairs and expresses his interest in the developing BRICS system. They discuss the BRICS alliance's diplomacy, economic cooperation, and representation goals.

Matt explains nBRIDGE, a decentralized settlement system, with gold acting as a stable store of value for settling trade imbalances.

Matt explains the use of gold in net settlement currencies and direct payment methods for energy transactions between BRICS Nations.

The bilateral central bank and exchange agreements create a decentralized system, with Dubai being the second-largest gold trading hub due to its diplomatic neutrality.

Matt discusses the potential implications of the BRICS currency system on oil, gold, and silver. He suggests a more stable energy pricing structure could benefit all parties. Maintaining stability in energy prices is crucial for everyone's benefit.

The current system is serving BRICS nations by isolating them from the serious debt problems associated with the US dollar-based system. Lastly Matt encourages listeners to shift focus from financial assets to community and social capital for true wealth and happiness.

Time Stamp References:

 0:00 - Introduction

0:34 - BRICS & Payment Systems

 4:15 - Brief History of BRICS

10:22 - nBRIDGE Exchange System

13:43 - Gold's Settlement Role

15:08 - Basket Structure?

16:41 - Volume of Use?

18:32 - Exchange Dubai vs. London

 20:32 - BRICS Summit Russia

27:43 - Playing Both Sides?

31:24 - PMs & The Road Ahead

35:54 - Silver Role & Industry

40:07 - Oil & Dollar Hegemony

 46:14 - Expectations for BRICS

48:40 - Bypassing Sanctions

 50:50 - Change Mindset & Focus

53:15 - Wrap Up

Talking Points From This Episode

The BRICS alliance explores decentralized digital currency exchange systems like nBRIDGE for economic cooperation and diplomacy.

Matt discusses gold's role in net settlement currencies and stable energy pricing within the BRICS system.

Matt highlights potential benefits of the BRICS currency system, such as stability in energy pricing and reduced reliance on US dollar.

https://www.youtube.com/watch?v=QjOCOUqo8C4

“Tidbits From TNT” Tuesday 11-26-2024

TNT:

House of Representatives votes to extend legislative term for one month

The House of Representatives voted, today, Tuesday, to extend its legislative term for one month.

Today, Tuesday, the Speaker of the House of Representatives, Mahmoud Al-Mashhadani, opened the 17th session with the attendance of 168 representatives.  link

Tishwash:  Al-Alaq: The monetary situation in Iraq is excellent and our reserves support the stability of the exchange rate

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Monday, that the monetary situation in Iraq is very excellent, noting that “the increase in the volume of reserves enables us to support the exchange rate and achieve monetary stability.”

Al-Alaq added in a press statement that the Central Bank is distinguished by its ability to "respond to providing the country's needs for currency," indicating that "foreign transfers for trade purposes are proceeding smoothly after the implementation of the new system."

Al-Alaq revealed that "the Central Bank will launch a new mechanism for travel or treatment transfers next year," stressing that "there are agreements with four companies to launch a new mechanism for travel or treatment transfers."  link

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Tishwash:  Talk about "fair prices" for oil.. Meeting between Al-Sudani, Russian Prime Minister and Saudi Energy Minister

Prime Minister Mohammed Shia al-Sudani held a joint meeting with the Russian Deputy Prime Minister and the Saudi Minister of Energy to discuss the "energy market situation." 

According to a statement issued by Al-Sudani's media office, a copy of which was received by Al-Jabal, "Mohammed Shia Al-Sudani held a joint meeting with Russian Deputy Prime Minister Alexander Novak, and Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al Saud."

The meeting witnessed "discussions on the conditions of global energy markets, and matters related to the production of crude oil, its flow to markets, and meeting demand."

He added, "The importance of maintaining stability, balance and fair prices was emphasized, while emphasizing the vital role played by the OPEC Plus group in this regard."  link

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Tishwash:  Al-Sudani: Iraq must always be at the forefront

Prime Minister Mohammed Shia al-Sudani said today, Sunday, November 24, 2024, that: "Iraq must always be at the forefront."

Al-Sudani participated in the memorial ceremony held by the Ministry of Foreign Affairs today, Sunday, on the occasion of the centenary of the establishment of the ministry.

In his speech at the ceremony, Al-Sudani congratulated the centenary of the founding, which occurred in 1924, and the launch of diplomatic work for the modern Iraqi state, and the transition of the country, after independence and joining the League of Nations, to become an effective international and regional pillar among nations.

Al-Sudani reiterated the government's keenness since the beginning of its work to pay great attention to foreign affairs and its institutions based on our country's supreme national interests and constitutional constants, stressing the need to prepare a new generation of young diplomats who believe in the new democratic political system, and this matter will receive the support and attention of the government.

He touched on the humanitarian efforts that Iraq provided to the Palestinian and Lebanese brothers, in addition to the political and diplomatic efforts to prevent the war from spreading and expanding.

Al-Sudani said in the most prominent part of his speech during the Foreign Ministry ceremony:

Iraq is one of the most prominent founding members of the United Nations and its subsidiary organizations, which gave it an international presence and a focal point in many of the pivotal events in the history of the region.

 The Ministry of Foreign Affairs has maintained the spirit of diplomatic work and its basic traditions.

Iraq suffered from isolation due to the policies of the former dictatorial regime, and quickly regained its centrality and position after 2003.

The Ministry of Foreign Affairs was able to perform its national role, which expressed in a distinctive way the new Iraq and contributed to peace, security and openness to all.

We established an important and fixed principle that we called “productive diplomacy” to be the basis of our foreign work.

Our standard in drawing up relations with the countries of the world is to adopt the principle of partnership and bilateral relations based on equality and management of interests, in a way that guarantees Iraq its rights, independence of decision, and sovereignty.

At the beginning of the government, we focused on strengthening relations with countries in the region and the world, and we hosted many international events.

We launched the Vital Development Road Project, which represents an Iraqi diplomatic message before it is an economic one.

We have recalled the role of the Ministry of Foreign Affairs to end the mission of the international coalition and organize relations with its countries on a comprehensive bilateral basis.

The strategic framework agreement to regulate relations with the United States of America has been revived.

We are proud of our government’s achievement in completing the political and institutional construction of the state.

We agreed to end the UN political mission of UNAMI and continue working with the specialized UN agencies.

Iraq has become, by the United Nations’ recognition, a country that has fulfilled all the conditions for democratic, political and developmental transformation.

Iraq called early on to intensify efforts to end the war in Palestine and Lebanon, protect civilians, and work to prevent the war from expanding.

The Zionist entity threatened Iraq with flimsy pretexts that reveal its aggressive intentions, which required us to emphasize not to make Iraq a launching pad for any attack.

We directed the Ministry of Foreign Affairs to follow up on the Zionist threat file in international forums to prevent the entity’s attempts to ignite war in the region further.

The International Criminal Court has issued arrest warrants against the entity's prime minister and former defense minister, which confirms the entity and its leaders' aggressive and criminal behavior.

Our diplomatic missions are called upon to play an active role in clarifying the Iraqi position, which preserves its principles and guarantees the supreme interests of the country.  link

Mot: .......... At least I brought the carrots

Mot:  . and then - Pooof!! -- Next Week  

Seeds of Wisdom RV and Economic Updates Tuesday Morning 11-26-24

Good Morning Dinar Recaps,

 CRYPTO REGULATIONS : UK’S FCA UNVEILS PLAN TO FULLY REGULATE CRYPTO ASSETS BY 2026

Right now, with a Bitcoin holding of 61,000 BTC, the United Kingdom is the third largest Bitcoin holder, after the United States (207,189 BTC) and China (194,000). Devere Group CEO Nigel Green recently advised the UK government to follow Donald Trump’s strategy to create a Bitcoin national reserve. Could the BTC reserve strategy transform the UK? Let’s listen to what Green has to say!

Nigel Green’s Vision for a UK Bitcoin Reserve
Recently, US President-elect Donald Trump proposed his plan to create a Bitcoin reserve in the United States. The plan has been received well by most. Many experts think that Trump’s move would help the US economy overcome significant challenges, including inflation and public debt.

Financial expert Nigel Green also praised the United States’s new Bitcoin reserve strategy. Highlighting the prime benefits of the move, he advised the United Kingdom to adopt a similar strategy to boost the economy.

Strategic Benefits of a Bitcoin Reserve
The global market is notoriously volatile. Key issues faced by many western countries, including the UK, are inflation and rising public debt.

 The national debt of the United Kingdom now stands at 2.8 trillion Euro – roughly equivalent to the value of all the goods and services produced in the UK in a year.

In the last financial year alone, the UK government borrowed at least 125.1B Euro. Last month, the government borrowed nearly 17.4B Euro – the second highest borrowing in October since 1993. The annual inflation rate in the United Kingdom sharply grew from 1.7% to 2.3% in October.  

Green highlighted the unique advantages of a Bitcoin reserve strategy to address critical economic issues like inflation, currency devaluation and market volatility. He also pointed out its potential to attract crypto entrepreneurs and blockchain innovators, thereby stimulating economic growth.

Global Competition and the Risk of Falling Behind
Emphasising the risk of falling behind in the race for global technology and financial leadership, Green noted that many nations have already crafted their own crypto strategies.

Recently, marking an end to the long-standing rule of the Conservative Party, Keir Starmer, a Labour Party leader, was elected as Prime Minister.

Financial experts like Green seem confident that the new Labour party leadership would be open to revolutionary policies, like creating a UK Bitcoin reserve, to swiftly improve the country’s economic health.

@ Newshounds News™

Source: CoinPedia  

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NY FED EXPLORES FINANCIAL STABILITY RISKS OF DIGITAL ASSETS AMPLIFIED BY LACK OF COHERENT REGULATION

The New York Federal Reserve (NY Fed) published a report on the financial stability implications of digital assets. It concludes that the risks have been small so far because of the size of the sector. But if it becomes larger, it could pose risks to the broader financial system.

It identifies many of the risks outlined in previous reports but with some nuances.

Digital assets have big booms and busts, with the Bitcoin price falling more than 70% from its 2021 peak. Other factors exacerbate these large price swings. They include what the Fed refers to as funding risk or run risks. 

 A range of digital asset players have suffered runs, including centralized exchanges (CEXs), crypto lenders, stablecoins, and even DeFi protocols. The example of the latter was the Anchor Protocol relating to the collapsed Terra platform.

On top of the booms and busts, and the run risk, the sector uses a high degree of leverage which exaggerates the other risks. Plus, the crypto ecosystem is highly interconnected.

The NY Fed wrote about a lack of a strong and cohesive regulatory environment that amplifies the vulnerabilities. This is more about many crypto entities being offshore, or entities such as decentralized autonomous organizations (DAOs) lacking a clear legal status.

Stablecoins under the spotlight
Given the assessment focuses on financial stability, the NY Fed didn’t dwell on the threat of stablecoins to the singleness of money.

Instead, it is particularly concerned by stablecoins because of their interconnectedness – both within the crypto ecosystem and with the mainstream economy. They “appear to contribute not only to the instability of the digital ecosystem but also to systemic risk,” wrote the NY Fed authors.

While there’s a perception that stablecoins are redeemable, in a crunch only option for many people is to trade them in the secondary market.

Maturity transformation is a known issue in banking – where banks lend on mortgages against demand deposits. The NY Fed argues that maturity transformation can also happen with stablecoins if their assets are illiquid or have longer maturities. It acknowledges that the asset quality of the larger stablecoins has improved over time. 

 However, a good 15% of Tether’s assets are still relatively risky, “making Tether riskier than most prime MMFs, a sector that experienced destabilizing runs in 2008 and 2020.”

The ease of switching between stablecoins can amplify the stablecoin run risk. Decentralized stablecoins such as the DAI (now USDS) are considered riskier because it takes longer for DAOs to react.

Regarding interconnectedness, stablecoins are used by lending protocols, so a run on a stablecoin results in users withdrawing lending and borrowing rates rising significantly.

What the NY Fed is really concerned about is if a large stablecoin had to suddenly liquidate a lot of Treasuries, then that could impact mainstream financial markets.

The paper also explores the growing interconnectedness between digital assets and mainstream finance in other ways.

This interconnectedness, combined with the volatility and fragility of crypto, and high leverage is why it considers digital assets a potential financial stability risk.

@ Newshounds News™

Source: Ledger Insights 

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IS CRYPTO THE ANSWER TO YOUR FINANCIAL PRAYERS? | Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

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News, Rumors and Opinions Tuesday AM 11-26-2024

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 26 Nov. 2024

Compiled Tues. 26 Nov. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Sat. 23 Nov. 2024: A very credible source said that the RV would occur prior to or around Thanksgiving.

Sat. 23 Nov. 2024 Wolverine: “We are definitely going to have a good Christmas. Just letting you know that I’m now under NDA. I cannot talk right now so I cannot hurt the process. Please respect my NDA guys. We are now definitely close.”

Read full post here:  https://dinarchronicles.com/2024/11/26/restored-republic-via-a-gcr-update-as-of-november-26-2024/

DJ: DID YOU KNOW?

Nov 24th Post 2024 (End of Fractional Banking)

If the GCR was to happen now or in the near future, it can be assumed that, in some fashion, we would have to utilize the current banking system. So I looked at how much banks make and how they make it. Looking at Wells Fargo, Bank of America (BofA) and J.P. Morgan Chase.

In 2023 Chase had $134.4 Billion in revenue with a net of $48.3 Billion. Wells Fargo had $89.4 B in revenue with a net of $19.1 B. B of A had $96.5 B in revenue with a $26.5 B net. In 2019(prior to the pandemic) Chase had $36.4 B net, BofA $27.4 B net and Wells Fargo $19.6 B net.

Banks primarily generate money through several activities:Interest Income: Banks lend out customer deposits in the form of loans, charging interest. They earn by maintaining a gap between the interest paid on deposits and the interest charged on loans.Fees: Banks charge fees for services like account maintenance, overdrafts, wire transfers, and credit card usage. Investments: They invest in financial instruments such as bonds, equities, or real estate. Trading & Advisory: Larger banks earn from trading securities and offering financial advisory services.

What I didn’t know was in March 2020, the Federal Reserve eliminated reserve requirements for banks. (Don’t know how this conflicts with Basel 3.5) This effectively ended the traditional practice of maintaining a minimum reserve percentage or Fractional Reserve Banking. With Fractional Reserve Banking , banks were required to reserve a portion of deposits for every dollar they loaned .With a $100 deposit the bank could loan out $90. Now, with no reserve amount required, the banks can loan out all of its deposits. Keep in mind when I say “deposit”, that’s your money they are loaning out.

From March 2022 to July 2023, the Fed increased rates 11 times, raising the federal funds rate from near zero to 5.25–5.50%—the fastest pace of hikes in decades. The question is, how come the banks’ net profit increased substantially during and after the pandemic? Theoretically raising interest rates curbs inflation.

But the banks made more money with the higher rates? It’s called Increased Net Interest Margin (NIM). Banks earn money by lending funds at higher interest rates than they pay on deposits (your money).When the Fed raises rates, the interest banks charge on loans (like mortgages, credit cards, and business loans) typically increases faster than the interest they pay on customer deposits. This widens the NIM, directly boosting profitability. The banks are making a fortune on the suffering of the rest of us. And the Fed is complicit.

All that being said, if the GCR was to happen now, the massive funds deposited into the banks would follow this scenario. The banks would basically have unlimited discretion what they can do with your money. It all points to the need for a new, completely different, financial system for the GCR to engage. Until we see that, we won’t see a GCR.

We all want to go skating but you can’t go ice-skating when the lake isn’t frozen.

DJ

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Mnt Goat   ...we are still seeing lots of news from Iraq on educating the citizens in many areas. One biggie is the census... This level of census has NEVER been conducted since the 2003 invasion. Lots has changed since. This census is also part of the Article 140 and the process of determining the shares of the excess oil revenue streams to be divided up to the citizens as part of the Hydrogen Carbon Law (HCL) this is also better know as the Oil and Gas Law.  Yes, the GOI does plan to administer oil profit shares to the citizens much like they do in the Saudi and Kuwait.   [Post 1 of 2]

Mnt Goat  However...you can see that they first must rebuild their economy and infrastructure. Today there is not much remaining of oil revenues after they pay all their bills. The surplus will come once they diversify their economy and these other sources of revenue come pouring in, as we are seeing now to begin...I would not gamble on this HCL triggering the RV, as many...seem to think will happen when they finally pass the Oil and Gas Law.   [Post 2 of 2]

Elites And Bank CEO’s In PANIC As Economic Collapse Is Imminent!

Atlantis Report:  11-26-2024

The global economy is standing on the brink, and the warning signs are impossible to ignore. Bank CEOs and economic elites are scrambling to respond as fears of a 2024 and 2025 recession grow louder.

Inflation continues to erode purchasing power, debt is reaching unsustainable levels, and even the job market is showing cracks.

 Reports suggest the European Central Bank may implement three rate cuts this year, signaling instability across the eurozone. Meanwhile, in the U.S., declining wage growth and rising unemployment are painting a grim picture for workers.

With first-quarter figures providing only temporary relief, the question remains: Are we prepared for what’s coming?

https://www.youtube.com/watch?v=NZ64mVpuOfw

Seeds of Wisdom RV and Economic Updates Monday Evening 11-25-24

Good Evening Dinar Recaps,

BRICS: NEWS INDIA EXTENDS CBDC PAYMENTS TO NEW COUNTRIES

BRICS member India is strengthening its CBDC mobile payment ties with many more countries for cross-border transactions. Bloomberg reported that India is partnering with multiple countries in South Asia to process mobile payment systems. 

The countries include the Philippines, Sri Lanka, and its BRICS counterpart the United Arab Emirates (UAE). T Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI) confirmed the development at the conference in Cebu, Philippines.

In addition, BRICS member India has already maintained the CBDC payment agreement with Bhutan and Nepal. The RBI is collaborating with ASEAN countries to integrate the platform for all like-minded nations. For the uninitiated, India is among the first countries in the world to successfully launch the pilot batch of the CBDC testing.

BRICS country India is assessing the possibilities of launching the CBDC digital currency for government, retail, and institutional usage.

It is also studying the impact a CBDC currency could have on the overall economy, banking systems, and monetary policies. When asked about when the CBDC digital currency could be launched, Sankar said that India is not in a hurry. “We are in no hurry to roll it out immediately. Once we have some visibility of what the outcome or impact will be, we’ll roll it out. We don’t keep a specific timeline for that.”

@ Newshounds News™

Source: Watcher Guru

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WHY XLM: IS STELLAR THE MOST UNDERRATED CRYPTO?

▪️Stellar has seen a significant price surge, sparking renewed interest in its potential.

▪️Stellar's co-founder, Jed McCaleb, emphasizes its real-world utility, advanced features, and potential to revolutionize global finance.

▪️Stellar's high transaction volume, native stablecoins, decentralized exchange, and secure smart contracts ensure it as a strong player.

The Stellar market has soared by an astounding 478.057% since November 5, making waves across the crypto community. This unexpected price surge has left many asking: Could Stellar be one of the most underrated projects in crypto?

Co-founder Jeb McCaleb recently shared insights that reveal the true power behind Stellar—insights that most people have overlooked until now. What makes this project so special? Let’s dive deeper and uncover why Stellar might just be more than meets the eye.

Steller’s Growing Popularity
Stellar’s popularity has grown significantly in recent years, with the sharp rise in XLM’s price this month showing the growing interest in the project. While McCaleb acknowledged this increased attention, he pointed out that many people still don’t fully understand the potential of Stellar.

Despite the buzz, he believes the project remains underrated.

Stellar vs. Ethereum
One of McCaleb’s key points was about the scale of Stellar’s daily transactions. He noted that Stellar handles at least ten times more transactions daily than Ethereum, and a large portion of these transactions involve real-world payments.

This impressive transaction volume, combined with its practical use cases, is a major reason for the recent rise in XLM’s price.

Stellar’s Powerful Features
Stellar offers several unique features that have contributed to its popularity and price surge:

▪️Native Stablecoins: Stellar supports its own stablecoins, which makes it perfect for cross-border payments.
▪️Built-in Decentralized Exchange (DEX): Stellar’s integrated DEX allows easy token swaps without the need for third-party exchanges.
▪️On-Chain Governance: The project includes built-in governance features, ensuring more transparency and security.
▪️Safer Smart Contracts: Stellar’s platform allows secure smart contracts, making transactions safer.
▪️Passkey and Multi-Signature Support: The network enhances security with passkey support and native multi-signature features.

McCaleb also emphasized Stellar’s efficiency, noting that the platform supports fast transactions with near-zero fees. This cost-effectiveness and speed make it a top performer in the crypto space, and a big reason why Stellar is gaining more attention.

The Future of Stellar
McCaleb described Stellar as a powerful payment system that fits perfectly with the true purpose of cryptocurrency. He hopes that both businesses and individuals will soon recognize the value of using Stellar for financial transactions. He also predicts that Stellar will play a major role in the global financial system in the near future.

FAQs
What makes Stellar XLM unique?
Stellar’s unique features include native stablecoins, a built-in DEX, on-chain governance, safe smart contracts, and a scalable, secure platform ideal for financial transactions.

Is Stellar XLM underrated?
Despite its strong fundamentals and growing popularity, Stellar is often considered underrated due to a lack of widespread understanding about its real-world impact and capabilities.

What’s clear is that Stellar’s journey has only just begun, and its impact will soon be seen in the crypto industry.

@ Newshounds News™

Source:  CoinPedia

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AUSTRALIA BEGINS CONSULTATION ON OECD CRYPTO REPORTING FRAMEWORK

Australia’s Treasury seeks input on implementing the crypto-asset reporting framework within its domestic tax laws.

Australia’s Treasury Department released a consultation paper seeking feedback on applying an international reporting standard for cryptocurrency transactions. The initiative is part of a broader effort to enhance tax transparency and combat global tax evasion.

The consultation, launched on Nov. 21, focuses on implementing the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF).

The OECD framework sets standardized rules for collecting tax data on crypto-asset transactions and sharing that information among tax authorities.

The paper presents two options for implementing CARF: adopting the framework into Australian tax law or taking a more tailored approach that would target the needs of the Australian Taxation Office.

Adopting an international standard on crypto reporting
In 2022, the OECD — an intergovernmental organization creating international standards — developed and released CARF to combat global tax evasion using crypto assets.

The OECD developed CARF in 2022 to combat global tax evasion through crypto assets. In 2023, 47 countries, including Australia, committed to adopting the framework. The initiative is expected to enhance visibility into crypto transactions and bolster international information exchange.

Australia is now moving toward integrating CARF into its tax law by consulting with stakeholders.

OECD’s CARF will mandate crypto exchanges and wallet providers to report specific crypto transactions to the relevant tax authorities. The information collected would include digital asset purchases.

According to the consultation paper, CARF reporting requirements may start in 2026. The Treasury stated:

“Subject to a final decision of Government, it is envisaged that CARF reporting requirements would commence from 2026, to ensure the first exchanges between the ATO and other tax authorities could take place by 2027. This timeframe would also be subject to future legislative priorities.”

The Treasury also said this timeframe will provide enough lead time for reporting crypto providers to update their systems.

Other countries implementing CARF into tax laws
Other jurisdictions have also started integrating CARF into their domestic laws. On April 18, Canada announced it would apply the framework by 2026.

 On May 18, Switzerland issued a public consultation for applying the standards to its local tax laws. The country also intends to implement the framework to enhance tax transparency for crypto assets.

Meanwhile, New Zealand introduced the framework in a new tax bill. On Aug. 27, the New Zealand Minister of Revenue submitted a proposal to implement the framework into its laws. Crypto providers are expected to collect information starting on April 1, 2026, and submit them by June 30, 2027.

@ Newshounds News™

Source:  CoinTelegraph   

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WISDOMTREE FILES FOR XRP ETF VIA DELAWARE TRUST, JOINS BITWISE, CANARY CAPITAL IN THE RACE

Moving beyond Bitcoin, asset managers are now eyeing towards XRP as the next big player in the ETF space. In a latest develoment, the Global ETF provider WisdomTree has filed to launch an XRP ETF in the U.S. notably, this is the third filing to establish a spot XRP ETF in the country. Moreover, the XRP price soared over 10% after the announcement.

Eleanor Terrett Confirms The Legitimacy
The trust filing represents a preliminary step in the ETF launch process, preceding a formal application to the SEC.

The update was shared by Fox journalist Eleanor Terrett. Terrett also confirmed the legitimacy of the filing with WisdomTree, which manages over $100 billion in assets.

 Also, just recently, the organization introduced its physical Ripple ETP in Europe. The latest Delaware filing shows the firm’s growing interest in Ripple’s native token.

Additionally, two other firms have filed for an XRP ETF. In October, Bitwise and Canary Capital filed for spot XRP ETFs with the U.S. SEC.

XRP Surges 10%
The news has driven a notable price surge for XRP, with its value rising over 10% in intraday trading. Many market experts anticipate that if XRP breaks out above $1.50, its price could rally to over $2 in the short term.

Renowned analyst Armando Pantoja in a bullish outlook has suggested that XRP could surge to $8-$30. This optimism stems from expectations that Ripple’s long-standing legal battle with the U.S. SEC may resolve favorably in early 2025 in line with Trump’s return and Gensler’s exit.

With SEC Chair Gary Gensler set to resign, speculation is mounting around the future of XRP ETFs, particularly due to the Ripple SEC case. Experts believe that Gensler’s departure could lead to a relaxation in regulations potentially easing the path for XRP ETFs under new leadership.

@ Newshounds News™

Source: CoinPedia 

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Why Tokenized Gold Is the Key to Currency Revaluation Success

Why Tokenized Gold Is the Key to Currency Revaluation Success

Awake-In-3D  November 24, 2024

Explore how tokenized gold addresses the logistical and financial challenges of traditional assets while aligning global currencies with tangible value during the Global Currency Reset.

In a world undergoing a Global Currency Reset, tokenized gold is emerging as a groundbreaking solution to modern financial challenges. By combining the timeless stability of gold with the efficiency of blockchain technology, tokenized gold simplifies asset management while aligning global currencies with tangible value. This innovative approach not only ensures economic stability but also creates new opportunities for equitable participation in a revalued economy.

Integrating Traditional Assets with Tokenized Gold Technology

For centuries, gold has served as the cornerstone of financial systems. Even after the gold standard was abandoned in many countries, its intrinsic value has remained a benchmark for economic stability. During a currency revaluation (RV), where authorities adjust currencies to reflect their true market value, tokenized gold often acts as a stabilizing force. It provides tangible backing to currencies, instilling confidence among investors and governments alike.

However, physical gold has limitations—it is cumbersome, expensive to store, and often inaccessible to smaller investors. This is where tokenized gold, the process of creating digital tokens backed by physical gold, steps in to modernize gold’s role in the financial ecosystem.

A Modern Solution for Currency Revaluation

Gold tokenization involves issuing blockchain-based tokens that represent ownership of physical gold. Each token is securely linked to a specific quantity of gold, stored in professional vaults and audited regularly. The blockchain provides an immutable ledger, ensuring transparency and preventing fraud.

In the context of the RV, tokenized gold offers several advantages:

Liquidity: Unlike physical gold, tokenized gold trades instantly on digital platforms, enabling faster transactions and greater market participation.

Fractional Ownership: Investors can hold small fractions of gold, making it accessible to individuals and institutions with varying investment capacities.

Borderless Trading: Blockchain technology allows tokenized gold to be traded globally without the restrictions of traditional financial systems.

These features make tokenized gold an attractive asset during the RV, where rapid adjustments in currency values require assets that are both stable and flexible.

The Role of Tokenized Gold in Currency Revaluation

One of the primary goals of the RV is to align currency values with tangible assets, creating a more stable and transparent financial system. Tokenized gold integrates effectively into this framework, providing a digital standard for currency valuation.

Stability: Gold’s historical stability ensures that tokenized gold provides a reliable benchmark during volatile periods of revaluation.

Transparency: Blockchain technology guarantees traceability and accountability for tokenized gold, fostering trust among governments, institutions, and investors.

Accessibility: Tokenized gold democratizes access to gold reserves, enabling smaller economies to use tangible assets as collateral.

Economic Impact of Tokenized Gold

The introduction of tokenized gold into the global financial system will significantly impact currency valuation and economic behavior during the RV:

Strengthening Currency Reserves
Governments and institutions can use tokenized gold to enhance currency reserves without the logistical challenges of storing physical gold. This approach establishes a more efficient and secure backing for global currencies.

Facilitating International Trade
Tokenized gold serves as a universal medium of exchange, reducing reliance on traditional fiat currencies. This aligns with the GCR’s objective of creating a balanced and equitable global trade system.

Encouraging Investment and Stability
Tokenized gold’s liquidity and accessibility attract a broader range of investors. Increased participation strengthens overall trust in the financial system and contributes to long-term stability.

Challenges and Considerations

While tokenized gold holds immense potential, several challenges must be addressed to achieve widespread adoption:

Regulatory Hurdles: Global harmonization of rules regarding digital assets and gold reserves will be essential.
Technological Risks: Robust cybersecurity measures must protect tokenized gold from vulnerabilities such as hacking and fraud.
Market Volatility: Gold’s value can still fluctuate, requiring mechanisms to manage these fluctuations effectively during the RV process.

The Bottom Line: Tokenized Gold in a Revalued Economy

In a world poised for a Global Currency Reset, tokenized gold represents a transformative asset. By integrating the stability of gold with the innovation of blockchain technology, it offers stability, transparency, and accessibility in an era of rapid economic transformation. Governments, institutions, and investors must collaborate to address regulatory, technological, and economic challenges, ensuring that tokenized gold fulfills its potential as a cornerstone of a revalued global economy.

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© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

Seeds of Wisdom RV and Economic Updates Monday Afternoon 11-25-24

Good Afternoon Dinar Recaps,

NEW OIL-RICH MIDDLE EASTERN COUNTRY EXTENDS SUPPORT TO BRICS

The BRICS alliance is gaining the support of oil-rich Middle Eastern countries in its aggressive global push towards de-dollarization. The bloc inducted oil exporting nations like the UAE, Egypt, and Ethiopia during the 15th summit in South Africa. It also invited Saudi Arabia to join the group but the Kingdom is yet to officially decline the offer.

As of 2024, the BRICS alliance controls nearly 30% of all the global oil supply. BRICS received a boost in the arms after it inducted oil-exporting countries into the alliance. It is now looking to take control of the oil and gas sector and push local currencies for cross-border transactions.

BRICS: Oil-Rich Bahrain Extends Support to the Alliance
Oil-rich Middle Eastern country Bahrain has extended full support for the BRICS alliance. 

Despite not receiving an invitation to be a part of the bloc, Bahrain has always attended the summits and programs held by the group. Bahrain did not receive an invitation to be a part of the ‘Partner Countries’ either which was sent during the 16th summit.

“We (Bahrain) take part in the BRICS Plus group’s activities. We always participate in all BRICS Plus meetings,” said the Middle Eastern nation’s Ambassador to Russia Ahmed Al Saati. 

The oil-rich nation is keen on supporting BRICS without being a part of the alliance. “This is an international association. An invitation should come from the organization itself. However, we have always been participating; we attended the Nizhny Novgorod event,” the Ambassador explained to Russian news outlet Tass.

The development indicates that emerging economies, including oil-rich nations, are keen on supporting BRICS. They find it to be an alternative to the Western-dominated global financial sector. This puts the Western hegemony at risk as developing countries are seeking alternative options to the US dollar.

@ Newshounds News™

Source:  Watcher Guru

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RIPPLE NEWS: $3.8B TOKENIZED FUND LAUNCHES ON XRPL

Ripple and Archax just made a big move that could change how institutional finance works. Together, they’ve launched the first ever tokenized money market fund on the XRP Ledger (XRPL). It’s based on abrdn’s $3.8 billion US Dollar Liquidity Fund, and it’s a huge deal for anyone watching the rise of tokenized assets.

A Major Step by Ripple
This isn’t your everyday blockchain project. Ripple has invested $5 million into abrdn’s Lux fund tokens, signaling its serious commitment to real-world asset (RWA) tokenization. ]

Archax, being a UK-regulated exchange, adds the compliance and trust needed for institutional adoption. Ripple’s XRPL technology brings in efficiency, aiming to make financial transactions smoother and cheaper.

The best part? This is the first tokenized fund on XRPL. That means the fund gets all the benefits of blockchain, like fast settlements and less reliance on middlemen. It’s not just innovation—it’s problem-solving.

Why Tokenized Assets Are a Big Deal
Tokenized funds are growing fast. They already manage over $1 billion in assets, and experts believe this could skyrocket to $16 trillion by 2030. Ripple, abrdn, and Archax are getting ahead of the curve, setting the stage for how tokenized assets could work in the future.

And there’s more. Duncan Moir from abrdn says this isn’t just about technology—it’s about saving time and money. Moving funds on-chain means faster processes and fewer delays. Ripple’s Markus Infanger agrees, calling XRPL a leader in helping institutions scale their operations.

What to Expect Next
This partnership is just the start. As tokenized assets grow, more institutions will likely jump on board. Ripple and Archax are leading the way, showing how blockchain can reshape finance.

For Ripple, this isn’t just a win. It’s a statement. They’re proving blockchain isn’t just about crypto—it’s about transforming the way money moves globally.

@ Newshounds News™

Source:   CoinPedia  

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WHY IRAQ’S FINANCIAL REVOLUTION IS A BIG DEAL  |  Youtube

 @ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Everything You’ve Been Taught About MONEY Is WRONG

Everything You’ve Been Taught About MONEY Is WRONG

Taylor Kenny:  11-24-2024

Discover the truth about money, currency, and debt in this eye-opening video.

Learn how fiat currency erodes your wealth, why inflation benefits governments but punishes savers, and why true money, like gold, remains the ultimate store of value.

If you're concerned about protecting your financial future, this is a must-watch!

CHAPTERS:

00:00 - Introduction: Is everything you know about money a lie?

00:26 - Currency vs. Money: The critical difference

01:21 - How fiat currency is tied to debt

02:36 - Financial wealth vs. real wealth

 04:10 - Why fiat currency loses value

05:45 - Inflation: Who benefits and who suffers?

07:30 - Protecting yourself with gold

https://www.youtube.com/watch?v=NEEe69BcaW4

Why a Global Currency Reset, Gold and Blockchain Alliance Are Unstoppable Forces in the New Financial System

Why a Global Currency Reset, Gold and Blockchain Alliance Are Unstoppable Forces in the New Financial System

Awake-In-3D   November 24, 2024

As currencies revalue and gold returns to prominence, blockchain emerges as the foundation of a new monetary system.

The financial world is at a turning point, and I want to share why this moment is so significant for all of us. For decades, fiat currencies have dominated the global economy, but their instability has created challenges we can no longer ignore. Now, a powerful shift is underway—a Global Currency Reset and Blockchain movement that merges gold’s timeless value with the efficiency of blockchain technology. This alliance has the potential to reshape the financial system entirely, and I’m here to walk you through why it matters and what it could mean for our future.

We now find ourselves witnessing a profound financial system transformation, one that parallels the United States’ departure from the gold standard in 1971. This time, the shift is marked not by the abandonment of gold but by its resurgence alongside the adoption of blockchain technology and cryptocurrencies. A growing alliance between traditional banking institutions, blockchain platforms, and the reintegration of gold as a foundational asset signals a significant leap toward a tokenized financial future—one widely viewed as a precursor to a Global Currency Reset and Blockchain transformation.

According to a recent McKinsey & Company report, ‘Tokenised financial assets: Moving from pilot to scale’, tokenisation has reached a tipping point, setting the stage for at-scale implementations that promise enhanced liquidity, operational efficiencies and new avenues for revenue generation.

This new monetary framework intertwines cutting-edge digital innovation with the timeless stability of precious metals. While this “New Alliance” promises unprecedented opportunities for financial growth and reform, it also raises critical questions about economic sovereignty and the balance of power in a rapidly digitizing world.

The Departure From Gold: A Historical Parallel

The decision to decouple the U.S. dollar from gold in 1971 fundamentally altered the global financial system. By transitioning to a fiat-based economy, the U.S. and its allies gained greater flexibility to manage monetary policy, albeit at the cost of stability tied to a tangible asset. Critics argue that this move opened the door to inflation, debt expansion, and the erosion of purchasing power.

Today, a similar crossroads looms, but with a critical distinction: gold is expected to regain prominence as a central pillar of the new financial order. Traditional banks, which have historically relied on centralized, fiat-based systems, are now embracing blockchain technology—a decentralized ledger system that underpins cryptocurrencies. However, this digital revolution does not mean abandoning gold; instead, gold will play a crucial role in stabilizing a future tokenized system, paving the way for the Global Currency Reset and Blockchain adoption.

Just as fiat currencies replaced gold-backed money, blockchain is positioned to replace fiat as the primary infrastructure of the global economy. Yet, unlike the 1971 shift, this transition seeks to reintroduce gold as a stabilizing force in conjunction with blockchain and cryptocurrencies.

The Alliance of Banks, Blockchain, and Gold in a Global Currency Reset

A central component of this transformation is the merging of three powerful forces: highly regulated banking systems, the relatively unregulated and decentralized crypto industry, and the enduring value of gold. Together, these components form the foundation of a new monetary system designed to address the shortcomings of fiat currency and support the goals of a Global Currency Reset and Blockchain-based framework.

To facilitate this alliance, significant steps are enabling banks and cryptocurrencies to operate under more flexible regulations. Deregulation allows financial institutions to explore blockchain’s potential while also creating pathways for cryptocurrencies to enter the mainstream. Simultaneously, central banks continue amassing gold reserves in preparation for its anticipated role in the Global Currency Reset and Blockchain-driven economy.

Gold’s intrinsic value, combined with blockchain’s efficiency and transparency, provides a unique opportunity to create a hybrid system. By tokenizing gold—representing it as digital assets on blockchain networks—banks and governments integrate physical and digital financial systems, ensuring a level of stability that fiat currencies alone cannot offer.

Gold’s Role in the Global Currency Reset and RV Framework

In the context of the GCR, gold represents both a historical relic and a cornerstone of the future. Proponents of the Global Currency Reset and Blockchain system argue that the current fiat-based system is unsustainable due to widespread manipulation, trade imbalances, and uncontrolled monetary expansion. A return to gold-backed currencies, facilitated by blockchain technology, will restore trust and equity in global trade.

Revaluation (RV) is another key component of this vision. Many national currencies will likely be recalibrated to reflect their true economic value, with gold playing a pivotal role in determining these valuations. For decades, the disparity between fiat currency values and real-world assets, including gold, continues to fuel economic instability. By anchoring currencies to gold and other tangible assets, the RV eliminates this imbalance, creating a more transparent and equitable system.

Blockchain technology accelerates this process by enabling the tokenization of gold and other commodities. This innovation facilitates efficient, cross-border transactions while ensuring that every token is backed by a verifiable physical asset. Together, gold and blockchain form a symbiotic relationship, providing both stability and efficiency to the emerging financial paradigm.

The U.S. Leads the Charge

The United States is spearheading this transition, capitalizing on its leading position in both the financial and tech sectors. Reports indicate that cryptocurrencies are likely to be included in the U.S. Strategic Reserves, further legitimizing digital assets. However, gold’s role in this new framework remains equally significant. As one of the largest holders of gold reserves, the U.S. is uniquely positioned to integrate gold into its blockchain-based financial systems.

By combining gold with blockchain, the U.S. establishes a dual-layered system that merges the stability of tangible assets with the innovation of digital technology. This move solidifies the U.S.’s position as a leader in the tokenization movement while ensuring its dominance in a revalued, gold-backed global economy.

Moreover, the U.S. government’s strategic moves align with broader global trends. Countries like China and Russia are actively increasing their gold reserves, preparing for a post-fiat monetary system. In this context, the U.S. embraces the alliance between banks, blockchain, and gold to maintain its economic leadership.

The Benefits and Risks of the New Alliance

The integration of gold, blockchain, and banking offers undeniable advantages. For the banking sector, blockchain technology delivers efficiency, transparency, and cost savings. For the crypto industry, collaboration with banks provides legitimacy and access to a vast customer base. For gold, its tokenization ensures that its value integrates efficiently into the digital economy. Together, these forces drive unprecedented levels of investment and innovation, reshaping global financial markets.

However, this alliance carries risks. Critics warn that mainstreaming cryptocurrencies could undermine their foundational goal of decentralization, concentrating power in the hands of a few large institutions. Similarly, deregulating banks raises concerns about unchecked financial speculation.

Most troubling is the potential for a fully tokenized, gold-backed economy to become a tool for centralized control. While gold and blockchain are often touted as forces of stability and transparency, their adoption by banks and governments may result in a system tracking every transaction, raising concerns about individual privacy and economic freedom.

The Bottom Line: A Balanced Future

The alliance between banks, blockchain, and gold represents a turning point in the evolution of the global financial system. Just as the move away from the gold standard reshaped economies in the 20th century, the reintegration of gold into a blockchain-based system sets the stage for a new era of monetary reform. This transition promises innovation, stability, and equity but also poses risks to economic sovereignty and individual freedom.

As we approach a Global Currency Reset and Blockchain adoption, the inclusion of gold as a fundamental component ensures a measure of stability in an otherwise uncertain future. The principles guiding this transition will determine whether it serves the people or entrenched powers. The future of money may be digital, but its foundation will remain grounded in the enduring value of gold.

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© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

News, Rumors and Opinions Monday 11-25-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 25 Nov. 2024

Compiled Mon. 25 Nov. 2024 12:01 am EST by Judy Byington

Restored Republic:

Sun. 24 Nov. 2024 Ezrah Cohen: We are in the midst of the most significant military operation in history, and it’s about to reach a critical point. https://t.me/Official_EzraCohen

Are you ready for the Great Comeback? The global media is prepping for Disclosure Day, where GESARA’s principles, the largest wealth transfer in human history, and the new global economic system will be revealed.

Get ready for 10 days of communication darkness. Shutdowns will occur, but only in certain areas. Banks will close, ATMs and credit cards will stop working, and you’ll need at least three weeks of food and water. If you’re unprepared, don’t worry—the military has your back and will supply what you need. Nonstop education will be broadcast, teaching everyone about the true principles of freedom and justice.

The Quantum Financial System will release NESARA/GESARA funds, erasing debts and restoring our economy to the prosperity of the 1950s.

Mark your calendars—Fri. 29 Nov. 2024—Disclosure Day is coming, and with it, the dawn of a new era of freedom and justice. The world will finally know the truth, and we will witness the greatest comeback in history. 

~~~~~~~~~~~~~~

Global Currency Reset:

TNT TONY SUMMARY:

Ray was very excited. Tony said that Ray was trying to reveal the good things.

Tony said that he had a special weekend of ups and downs.

Two updates during the weekend of ups and downs.

The trailer was supposed to be presented during the weekend, but it was not.

All three charter agencies reported that the celebration planned for Saturday has been rescheduled for TODAY IN ZURICH.

They said that the trailer is complete and we will see it today.

Some banks received memos today that the RV is happening and we could see that at any time today.

The VND Exchange rate is currently 0.39 US dollars

We will make a lot of changes after the RV on our end, as it becomes a new world for us.

All the three letter agencies said the RV WILL HAPPEN TODAY.

Ray is very excited. When asked between 1 and 10.. with 10 being the highest… Ray said he is at 12 !

Tony was asked the same question and Tony said, 9.

Some people will have accounts in multiple currencies. Tony said he would not accept any.

They said it is already done and released. The process is already underway.

The banks and the Federal Reserve are waiting for the email right now.

Tony said he’s also been waiting for the email from the banks.

1The RV has been COMPLETED AND RELEASED and the process is underway right now. 

Sun. 24 Nov. 2024: Massive Leaks: QFS Saving Nations, Activated Worldwide by White Hats, Erasing Trillions in Debt, Destroying the D********e’s CBDC Rollout, and Ending Central Banks’ Debt S*****y! – Gazetteller

Sun. 24 Nov. 2024: Mastering QFS: A Complete Guide to Fund Transfers, Account Setup, and Understanding RV & Redemption Funds – amg-news.com – American Media Group

Sat. 23 Nov. 2024: BQQQM!!! Quantum GESARA aka TRUMPSARA: G.E.S.A.R.A, Farmers Plan & More – Power Back to the People! – amg-news.com – American Media Group

Sat. 23 Nov. 2024: QFS Information Center: Quantum Financial System and the Tier 4B Internet Group! The World of Currency Revaluation, Redemption Centres, and NESARA GESARA Payments! – amg-news.com – American Media Group

Read full post here:  https://dinarchronicles.com/2024/11/25/restored-republic-via-a-gcr-update-as-of-november-25-2024/

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man  The 2024 budget, we haven't seen that yet.  Why haven't we see it?  We haven't seen it yet because they're hiding that until the last minute.  Remember this going from 1310 or 1320 exchange rate and changing it to a massive degree needs secrecy to some large degree all the way through the process.  But they still have to educate their citizens, they still have to indicate what are they doing and how are they going to do it and why...2024 budget exposure is what to me is the key.  It's that Rosetta Stone..

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:
Economist on television is explaining about how a revaluation works.  They're giving us examples of other countries and after that how the currency is linked or pegged to a basket of other currencies.  Wow...It's being told to us constantly now every day.  The planning of the revaluation they say is done and now apparently this currency is going to be linked or pegged to a basket of other currencies.  FRANK:  If they tell you it's going to be pegged to a basket of other currencies,...it means we have a new exchange rate because that's the only reason the other currencies in the basket will play along with it...They also want to fluctuate (bounce up and down) with the value of your currency that is about to go insane!

************

BRICS announces UAE as the Gold Hub.

 Emerging World order:  11-24-2024

In this video, we dive into how the United Arab Emirates is setting the stage to become the heart of the BRICS Gold Economic Corridor.

With a massive $129 billion in annual gold trade and Dubai’s strategic initiatives through the Multi Commodities Centre (DMCC), the UAE is positioned to transform global trade dynamics.

This move aligns with BRICS nations' push for financial independence by leveraging gold to bypass the U.S. dollar and foster a stronger economic alliance.

https://www.youtube.com/watch?v=cis78ndDoZI

Seeds of Wisdom RV and Economic Updates Monday Morning 11-25-24

Good Morning Dinar Recap

NEW TEXAS REGULATION: CRYPTO MINERS MUST REPORT POWER USAGE

Texas mandates crypto miners in ERCOT to report power usage, aligning mining growth with grid stability and efficiency.

Texas introduces a new rule requiring crypto miners to report electricity demand to manage power grid stability effectively.

Global trends show varying regulatory responses to crypto mining, from New York’s temporary moratorium to China’s outright ban.

In a move to better manage its power grid amid the growing popularity of cryptocurrency mining, Texas has introduced new regulations requiring crypto miners in the Electric Reliability Council of Texas (ERCOT) region to report their power demand.

Announced by the Public Utilities Commission of Texas (PUCT) Chairman Thomas Gleeson on November 21, the rule mandates Bitcoin [BTC] miners to provide detailed information about the location, ownership, and electricity demand of their operations.

This regulation aims to ensure stability and efficiency in the state’s power grid as the number of mining facilities increases.

The necessity for such regulations comes as Texas continues to attract a significant number of crypto mining operations due to its relatively low energy costs and crypto-friendly policies.

However, the surge in energy consumption by these operations has raised concerns about the potential strain on the state’s power infrastructure, especially during peak demand periods.

By having a clear picture of the energy demands from crypto mining, Texas can better prepare and adjust its grid management strategies to prevent outages and maintain reliable energy distribution.

Global regulatory trends in crypto mining
Texas is not alone in its efforts to regulate the energy use of crypto mining activities. Around the world, various jurisdictions have started implementing similar rules to address the environmental and infrastructural impacts of this burgeoning industry.

For example, New York recently passed a bill that places a temporary moratorium on certain types of cryptocurrency mining operations that use carbon-based fuel. This legislation is part of broader efforts to align the state’s crypto mining activities with its climate targets.

Similarly, countries like China have taken more drastic measures by completely banning cryptocurrency mining, citing excessive energy consumption and environmental concerns as primary reasons.

These global shifts in the regulatory landscape indicate a growing awareness and response to the complex interplay between cryptocurrency mining and regional energy systems.

The new Texas rule is part of a broader trend where regional governments are scrutinizing the environmental and infrastructural impacts of cryptocurrency mining.

While more territories evaluate and implement regulations, crypto miners are increasingly required to adapt to these changing conditions. Compliance with such regulations not only supports local infrastructure but also pushes the crypto mining industry towards more sustainable practices.

As the BTC mining industry continues to expand, the introduction of regulatory measures like those in Texas is crucial for ensuring that growth is balanced with the needs and limitations of local power grids and environmental standards.

These regulations could set precedents for how other regions manage the intersection of technology, energy consumption, and environmental responsibility in the age of cryptocurrency.

@ Newshounds News™

Source:  AMBCrypto 

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COINBASE EXPLORES BLOCKCHAIN PARTNERSHIP WITH KENYA'S SAFARICOM

Coinbase is reportedly exploring a partnership with Safaricom to enhance M-PESA with blockchain technology. This move aligns with Coinbase’s broader strategy of promoting crypto adoption in Africa, particularly in Kenya and Nigeria. Coinbase is also working with the Kenyan government to foster blockchain development and education.

While regulatory uncertainties have previously hindered Coinbase’s operations in Kenya, recent positive developments and partnerships with local entities like Yellowcard suggest a growing interest in cryptocurrencies and blockchain technology in the country.

@ Newshounds News™

Source:  Bitcoin News

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HONG KONG’S ZA BANK IS FIRST BANK IN ASIA TO LAUNCH RETAIL CRYPTO SERVICES

Today Hong Kong digital bank Zhong An Bank (ZA Bank) unveiled a retail cryptocurrency trading service. It claims to be the first Asian bank to launch a retail service. Rather than building an exchange from scratch, like most banks, it is launching in partnership with an existing cryptocurrency exchange, HashKey Exchange

Initially the bank supports trading only in Bitcoin and Ethereum in both HKD and USD. For the first three months after activation, ZA Bank is offering 0% commission, with minimum investments of USD 70 or HKD 600.

The offering has been integrated with the main bank app. The bank cited a recent survey by the Hong Kong Association of Banks, saying it found that 70% of respondents would find it convenient to trade crypto via their banking apps.

“The rise of cryptocurrency presents investors with more diverse asset allocation opportunities,” said Calvin Ng, alternative CEO of ZA Bank. “As a bank, we prioritise security and compliance, which is why we’ve partnered with HashKey, a global-leading licensed virtual asset exchange, to meet regulatory standards and deliver bank-grade security in virtual assets trading – our key competitive advantage in the Asian market.”

ZA Bank is Hong Kong’s largest digital bank with 800,000 users as of June 2024 (Hong Kong population 7.5m). The company is owned by ZA Global, an affiliate of Zhong An, the large Chinese insurance company which was co-founded by the entrepreneurs behind some of China’s biggest technology firms – Alibaba, Tencent and Ping An insurance.

Other bank cryptocurrency services
While ZA Bank may be the first Asian bank to offer retail crypto trading, Singapore’s DBS Bank was the first to launch a crypto service almost four years ago, which it built in-house. However, the DBS Digital Exchange targets only institutional and accredited investors.

Probably the largest number of retail bank crypto services are in Latin America. Europe is catching up, especially with the enactment of the bulk of the EU’s MiCA crypto regulations at the end of this year. BBVA was one of the pioneers, starting a service in Switzerland in mid 2021, followed by the launch of Garanti BBVA Digital Assets in Turkey last year.

@ Newshounds News™

Source:   Ledger Insights  

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THE UGLY TRUTH ABOUT THE 2020 ELECTION CONTROVERSY NO ONE TELLS YOU  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

THE ECONOMIC RESET: NESARA & GESARA EXPLAINED  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

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Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

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