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Seeds of Wisdom RV and Economic Updates Monday Morning 4-21-25
Good Morning Dinar Recaps,
CARDANO FOUNDER SAYS BUTERIN’S NEW ETHEREUM PROPOSAL ‘MAKES SENSE’
A fleeting exchange on social media has drawn two of the crypto sector’s most prominent protocol architects into unexpected alignment. On Sunday, Cardano creator Charles Hoskinson replied to a technical blog post from Ethereum co‑founder Vitalik Buterin with a terse endorsement: “It makes sense, we are using RISC V with BitVMX. It’s the future.”
Good Morning Dinar Recaps,
CARDANO FOUNDER SAYS BUTERIN’S NEW ETHEREUM PROPOSAL ‘MAKES SENSE’
A fleeting exchange on social media has drawn two of the crypto sector’s most prominent protocol architects into unexpected alignment. On Sunday, Cardano creator Charles Hoskinson replied to a technical blog post from Ethereum co‑founder Vitalik Buterin with a terse endorsement: “It makes sense, we are using RISC V with BitVMX. It’s the future.”
Buterin’s Latest Proposal For Ethereum
The comment was triggered by Buterin’s newly published “Long‑term L1 execution layer proposal” on the Ethereum Magicians forum, where he argues that Ethereum should abandon the Ethereum Virtual Machine (EVM) in favour of the open‑source RISC‑V instruction‑set architecture.
In the proposal Buterin calls the idea “equally as ambitious as the beam‑chain effort is for the consensus layer,” contending that a RISC‑V transition would “greatly improve the efficiency of the Ethereum execution layer, resolving one of the primary scaling bottlenecks,” while also simplifying the core codebase. He stresses that the familiar account model and opcodes “would stay exactly the same,” explaining that opcodes such as SLOAD, SSTORE and CALL would be exposed to contracts as RISC‑V syscalls.
“Old‑style EVM contracts will continue to work and will be fully two‑way interoperable with new‑style RISC‑V contracts,” he adds, sketching implementation paths that range from a dual‑VM environment to a more radical interpreter‑based migration.
Buterin’s technical motivation centres on the cost of proving EVM execution inside zero‑knowledge circuits. He points to measurements from Succinct’s ZK‑EVM showing that four tasks—deserialising inputs, initialising the witness database, computing state roots and executing blocks—consume the bulk of prover cycles.
The last of those, block execution, alone accounts for roughly half of total proving time. “Some numbers suggest that in limited cases, this could give efficiency gains over 100 ×,” Buterin writes, suggesting that direct access to a RISC‑V virtual machine could eliminate the overhead of compiling the EVM into RISC‑V for ZK proof generation. He argues that even if pre‑compiles become the new bottleneck, the shift would still produce “very significant” performance wins.
Cardano’s Use Of RISC‑V
Hoskinson’s swift assent carries weight because Cardano has been building around the same architecture. The network’s extended UTxO model is now being paired with BitVMX FORCE, a collaborative effort designed to let Cardano dApps tap into Bitcoin’s liquidity and decentralised‑finance activity.
BitVMX emulates a general‑purpose CPU for Bitcoin using RISC‑V, which in turn lets Cardano’s domain‑specific languages—Plutus and the low‑level Aiken—compile contracts that run seamlessly on either chain. By adopting the same instruction set for its off‑chain circuits,
Cardano hopes to render zero‑knowledge proofs more efficient and to facilitate cross‑chain functionality without resorting to trusted bridges.
RISC‑V’s appeal is two‑fold. As an open specification it avoids licensing constraints while offering implementers freedom to add extensions; at the same time, it’s simple, orthogonal design is friendlier to zero‑knowledge proof systems than the EVM’s eclectic opcode catalogue or Bitcoin’s austere script.
Hoskinson’s “It’s the future” therefore describes not merely Cardano’s roadmap but a growing industry trend, now echoed inside Ethereum’s own research circles.
Whether Ethereum’s highly conservative core‑dev process will embrace Buterin’s proposal remains uncertain. The Beacon‑chain merge, the Cancun/Deneb upgrade and the push toward statelessness already crowd the execution‑layer agenda.
Yet the fact that both a UTXO‑based competitor and the originator of account‑based smart contracts now cite RISC‑V as the optimal long‑term target suggests that the argument will not dissipate quickly. As Buterin concludes, stripping the base layer to “well within” ten thousand lines of code may require “this kind of radical change.”
@ Newshounds News™
Source: Bitcoinist
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SOUTH KOREA'S CENTRAL BANK VOWS TO 'ACTIVELY PARTICIPATE' IN STABLECOIN LEGISLATION DEVELOPMENT
▪️The Bank of Korea said it will actively participate in developing stablecoin regulations to prevent potential risk to monetary and financial stability.
▪️The country is working on the second part of its crypto legislation, which is set to focus on stablecoins and transparency requirements for crypto services.
The Bank of Korea said it will "actively participate" in the country's efforts to build a regulatory framework for stablecoins in order to mitigate potential monetary and financial risks.
"Unlike general virtual assets, stablecoins inherently possess characteristics of a payment measure," the BOK said in a payment systems report on Monday. "If their usage expands, they could … undermine the effectiveness of monetary policies."
The central bank also pointed out that stablecoins could transmit risks from crypto-related crises to the traditional financial market, threatening financial stability and the integrity of payment and settlement systems.
"The [Bank of Korea] intends to present its views on the desirable direction of stablecoin regulation from a central bank perspective," the bank said.
South Korea is currently developing a follow-up legal framework to its inaugural crypto law, which took effect in July 2024 and focuses heavily on protecting crypto investors by setting stricter requirements for exchanges.
The second bill is set to establish a regulatory framework for stablecoins and provide clearer classifications for crypto service providers, along with rules for more transparent token listings and disclosures, the BOK said in its report.
South Korea's Financial Services Commission previously announced that it would start drafting the legislation in the second half of this year.
The BOK report suggested that the country had 18.25 million crypto investors as of December 2024, which is more than 35% of its current total population. The top five exchanges in South Korea see an average daily trading volume of around $12.1 billion.
In a parallel effort, the BOK is testing its central bank digital currency with participation from citizens, retail shops and local banks to determine its commercial feasibility. Local news outlets reported that the central bank's planned second-stage trial, set for October, will explore peer-to-peer transfers of the CBDC.
@ Newshounds News™
Source: The Block
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15 Folks Who Lost Everything Are Revealing What Actually Happened And It Shows How Broken Our System Really Is
15 Folks Who Lost Everything Are Revealing What Actually Happened
And It Shows How Broken Our System Really Is
Aaron Ant Sun, April 20, 2025 BuzzFeed
Money isn't a measure of character, but society acts like it is. And that couldn't be further from the truth. It's important to hear that at a time when financial anxieties are at an all-time high.
Jobs are vanishing, the stock market is fluctuating, medical bills are piling up, and government budget cuts are putting Social Security and other public services at risk. For some, the economic situation we're currently facing mirrors previous recessions
15 Folks Who Lost Everything Are Revealing What Actually Happened
And It Shows How Broken Our System Really Is
Aaron Ant Sun, April 20, 2025 BuzzFeed
Money isn't a measure of character, but society acts like it is. And that couldn't be further from the truth. It's important to hear that at a time when financial anxieties are at an all-time high.
Jobs are vanishing, the stock market is fluctuating, medical bills are piling up, and government budget cuts are putting Social Security and other public services at risk. For some, the economic situation we're currently facing mirrors previous recessions.
Bankruptcy and financial loss aren't personal failures in any capacity. More often than not, it's a case of someone in a system that's already working against them.
Last week, I asked members of the BuzzFeed Community to open up about experiencing bankruptcy or losing it all, and these submissions shared some honest insight into how they handled or are currently handling debt and stress.
Note: Some submissions have been edited and condensed for clarity. Some responses are from this Reddit thread.
1."So, I was a stay-at-home mom at the time, because my old job hadn’t paid enough to cover daycare. My ex-husband made enough for us to live on, but nothing more, really. My parents helped put him through grad school. Then he committed crimes and was fired (of course), and I was unemployed with two kids and no daycare openings.
I scrambled to find a job and a place to live, and am eternally grateful for my parents’ support. That said, my job paid about a quarter of what his did, so there was no choice. I’m a little more than halfway through."
"That’s the backstory, but here’s the truth: it’s MORTIFYING. The bank I’d been using since I was 15 closed my account unceremoniously. Didn’t matter that I hadn’t had any loans through them that were discharged. Just cut me off and mailed me a check weeks later. I can’t get a cellphone plan or any reasonable insurance, I had to pay cash for a car, and thank heavens, my parents were willing to have their names on my utilities because the WATER company refused to give me an account.
Before this, I’d never missed payments or fallen behind, and had good credit. It was so good that most of the debt was in my name, which probably worked out great for my crap bag ex. So that’s it, I pay for someone else’s mistakes every day. And if it weren’t for my parents, it would have been catastrophically worse." —shannonmiz
2."I'm a bankruptcy paralegal, and honestly, people think it will be so much worse, but it's a fairly simple process. Even the 341 meeting of creditors isn't that bad. Bankruptcy forms are free online, and if you want to file, my biggest advice is to fill out forms A/B (personal property), I (income), and J (expenses) because a lot of the holdup is just trying to get that info. So many people will call crying after their discharge, thanking us because they feel the weight off their chest." —monikap6
3."American here. My husband and I filed after I got sick and couldn’t work for two years, racking up medical debt without the income to pay it, and using credit cards to buy groceries and basic needs. We had to move back in with my family because we couldn’t afford rent. We filed a Chapter 13, which meant we still owed a large portion of the money, but a fraction of the total. We've just paid it off after five years of payments."
"We’re wiser about our budget now, we’ve completed credit counseling, and our income has now increased to where we rent and our only debt is student loans. We’ll have to get secured credit cards and build credit back up slowly. It’s a long process, but I’m so thankful we did it. The payments were tough, but manageable, and we now have a sense of accomplishment, as well as a sense of how to build a nest in savings that can be there if one of us is out of work due to illness. It sucked, but I’m forever thankful." —carak4a8cd43e8
4."21 years ago, I'd just had a child. He turned 1, my spouse came home, and decided he wanted a divorce! I didn’t even know we were having issues! I mean, we just had a kid! I was always a happy-go-lucky type! Came out of nowhere! Discovered we were $100,000 in debt!"
TO READ MORE: https://www.yahoo.com/finance/news/americans-doom-buying-coffee-olive-224100006.html
News, Rumors and Opinions Monday AM 4-21-2025
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.
Ariel : Flipping the Switch?
4-20-2025
Happy Easter Everyone
Nobody can say they did not hear “The Trump Card” mentioned along side the Gold Card at a recent meeting some days ago.
We have always heard Easter was the timeline. Well today would be the prime event for such a vision of foretold tales.
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.
Ariel : Flipping the Switch?
4-20-2025
Happy Easter Everyone
Nobody can say they did not hear “The Trump Card” mentioned along side the Gold Card at a recent meeting some days ago.
We have always heard Easter was the timeline. Well today would be the prime event for such a vision of foretold tales.
But what is the nature of this ‘Trump Card’?
Does it really come down to flipping the switch in terms of the new financial system?
Many would say so base on many symbolic gestures of those who are considered crypto demigods to some.
But I would be a hypocrite if I was not the one also saying this years ago when I mentioned that the Iraqi Dinar will be the kick off point to an entire new financial system.
And Iraq has shown major progress in that regard. As many announcements have been made over the past couple of weeks that shows they are serious about going international.
Trump Card Defined: A coded operation, rooted in Trump’s authority, to shift the world to a gold-backed financial system, ending fiat currency manipulation.
Iraqi Dinar’s Role: Its revaluation, announced in early 2025, triggers the reset, as Iraq’s economic integration destabilizes the petrodollar.
Easter Timeline: Easter Sunday 2025 (April 20) is the designated date for the reset’s public phase? Aligning with symbolic rebirth and Trump’s strategic messaging.
Gold Card Connection: Represents the new currency standard, backed by gold reserves, already in use by select TDC operatives since 2023.
Trump’s (possible) Intent: To dismantle Cabal-controlled financial systems, free humanity from economic oppression, and secure his legacy as a liberator.
There is so much to choose from.
Does this align with the nature of the ‘Trump Card’?
Are we really at the cusp of this happening?
We do not have long to find out. Because Melania Trump said something very interesting a couple of days ago.
Did any of you catch it?
Source(s):
https://x.com/Prolotario1/status/1914042395810812277
https://dinarchronicles.com/2025/04/20/ariel-prolotario1-flipping-the-switch/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Those that are out there that believe this was a scam, you’ve been told it’s a scam and those not invested, they’re going to have a rude awakening…It’s going to be a horrible one. I think a lot of people are gonna be really bummed out because of this event. It’s not just about Iraq. It’s about all kinds of countries and it’s a really big deal and a complex.
Frank26 What's going on right now? We seek security and stability for the new exchange rate. That's it. Do we seek the budget? Well, only if it has a new exchange rate. If not, you can just see the dog-on-thing, I don't want it. Do we seek the contracts? Only the rewritten contracts with the new exchange rate in it. Other than that I don't care about your 'memo of understanding' or anything else. Do we seek the HCL? What good does it do you you don't have an exchange rate...We're waiting for the new exchange rate. Everything waits for the new exchange rate. And how are we going to get it? ...Iran, deal or no deal?
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URGENT BREAKING NEWS Iraq's $16 Trillion Windfall
Edu Matrix: 4-20-2025
00:00:00 Iraq's Hidden Wealth
00:00:16 A Global Leader
00:00:58 Billions Beneath the Surface
00:01:19 The Thorium and Uranium Opportunity
00:01:43 Building the Future
00:02:03 A Global Player
00:02:15 Iraq's Strategic Advantage
00:02:31 Iraq's True Potential
Trump Launches A Gold-Backed Plan To End Fiat Currency | Andy Schectman
Two Dollars Investing: 4-20-2025
7 Ways To Recession-Proof Your Savings
7 Ways To Recession-Proof Your Savings
Protect your money by taking these seven steps.
Kat Tretina Updated Tue, April 15, 2025 Yahoo Personal Finance
2025 has been off to a rocky start. Consumer confidence has plummeted thanks to persistent inflation, market volatility, and other challenges created by the new administration's aggressive tariff policies. Now, we can add recession concerns to the list.
According to the latest CNBC CFO Council quarterly survey, 60% of CFOs expect a recession in the second half of the year, while another 15% say a recession will hit in 2026. In early April, global investment bank Goldman Sachs also raised its estimate of the likelihood of a U.S. recession from 35% to 45%.
7 Ways To Recession-Proof Your Savings
Protect your money by taking these seven steps.
Kat Tretina Updated Tue, April 15, 2025 Yahoo Personal Finance
2025 has been off to a rocky start. Consumer confidence has plummeted thanks to persistent inflation, market volatility, and other challenges created by the new administration's aggressive tariff policies. Now, we can add recession concerns to the list.
According to the latest CNBC CFO Council quarterly survey, 60% of CFOs expect a recession in the second half of the year, while another 15% say a recession will hit in 2026. In early April, global investment bank Goldman Sachs also raised its estimate of the likelihood of a U.S. recession from 35% to 45%.
Although the country is not in a recession yet, there's a good chance it could be in the next few months. Taking some steps now can help you recession-proof your savings and protect your finances.
What Is A Recession?
A recession is a term that inspires fear in politicians, economists, and business owners, but what does it really mean? Although precise definitions vary, the National Bureau of Economic Research (NBER) — a private, nonprofit organization that analyzes economic conditions — defines a recession as a period of significant economic decline that lasts for several months.
The NBER looks for several factors to determine if a recession has occurred, such as higher unemployment rates, home prices and sales, stock market declines, and wages.
Recessions are a natural and unavoidable part of the economic cycle. In fact, there have been over a dozen recessions since World War II. The most recent recession was in the spring of 2020, when the COVID-19 pandemic affected the country.
In general, recessions occur every few years, and they typically last for about 10 months.
7 Ways To Recession-Proof Your Savings
During a recession, you may experience the following issues:
Savings interest rates may decline: To stimulate the economy and encourage spending, the Federal Reserve will often slash rates. As a result, loans will become less expensive, but the rates on deposit accounts — such as savings accounts and certificates of deposit (CDs) — will also decline. That means any money you have saved will grow at a much slower pace.
Earnings may stagnate: During a recession, unemployment levels are up, and workers' wages tend to stagnate, so you may not qualify for a raise. Many businesses also initiate layoffs.
Lenders may tighten their standards: During a recession, lenders often institute stricter lending requirements for borrowers, making it more difficult to qualify for new credit or loans.
To minimize the impact of a recession on your financial well-being, follow these steps:
TO READ MORE: https://www.yahoo.com/finance/personal-finance/banking/article/recession-proof-savings-181158511.html
The Most Dangerous Trade in the World Is Unraveling – Bert Dohmen
The Most Dangerous Trade in the World Is Unraveling – Bert Dohmen
Kitco News: 4-19-2025
Global markets are flashing warning signs as credit spreads widen, gold hits new record highs, and political pressure mounts on central banks.
With the European Central Bank cutting rates to 2.25% and Trump attacking Fed Chair Jerome Powell over rate policy, the battle between inflation, growth, and monetary control is intensifying.
The Most Dangerous Trade in the World Is Unraveling – Bert Dohmen
Kitco News: 4-19-2025
Global markets are flashing warning signs as credit spreads widen, gold hits new record highs, and political pressure mounts on central banks.
With the European Central Bank cutting rates to 2.25% and Trump attacking Fed Chair Jerome Powell over rate policy, the battle between inflation, growth, and monetary control is intensifying.
In this Kitco News interview, Bert Dohmen, founder of Dohmen Capital and author of the Wellington Letter, joins Jeremy Szafron to dissect the critical forces reshaping today’s markets.
From the hidden dangers of the basis trade to growing cracks in credit markets, Dohmen outlines why the system is under stress—and where smart money is moving next.
He also explains why the Fed is “boxed in,” why gold miners remain undervalued despite gold’s surge to $3,370, and what capital flight signals about confidence in traditional safe havens like Treasuries. Follow
00:00 Introduction
01:25 Market Dynamics and Risks
01:46 The Basis Trade Explained
04:36 ECB vs. Fed: Diverging Policies
05:47 Historical Perspectives on Interest Rates and Inflation
07:50 Credit Spreads and Market Signals
09:42 Gold and Market Liquidity
13:57 Equities and Market Health
21:34 Gold Miners and Investment Opportunities
25:24 Long-Term Market Cycles and Predictions
32:28 Conclusion
News, Rumors and Opinions Sunday 4-20-2025
Gold Telegraph: The World Rushes Back to Gold
4-20-2025
Gold Telegraph @GoldTelegraph
“In just the past year, the U.S. dollar has lost over 35% of its purchasing power against gold, driven by record central bank gold buying…”
The Global Safe Haven Is Slowly Breaking: Why Central Banks Are Turning to Gold
Gold Telegraph: The World Rushes Back to Gold
4-20-2025
Gold Telegraph @GoldTelegraph
“In just the past year, the U.S. dollar has lost over 35% of its purchasing power against gold, driven by record central bank gold buying…”
The Global Safe Haven Is Slowly Breaking: Why Central Banks Are Turning to Gold
https://www.goldtelegraph.com/2025/04/18/the-global-safe-haven-is-slowly-breaking-why-central-banks-are-turning-to-gold/
The President of the United States is studying how to fire Federal Reserve Chair Jerome Powell. The spotlight is now on those who control the printing press… Lookout.
The international monetary system is defined by something very simple: Currencies float against each other, anchored in nothing but your trust.
No gold.
No peg.
It is not a coincidence that central banks have bought 1,000 tonnes of gold for three straight years.
There is a quote from history that many have forgotten:
Shortly after the U.S. ended dollar convertibility to gold in 1971, the Treasury Secretary bluntly declared:
“The dollar is our currency, but it’s your problem.”
This speaks volumes. Today, the world rushes back to gold.
BREAKING NEWS” FRANCE IS WARNING THAT THE PRESIDENT OF THE UNITED STATES WOULD PUT THE CREDIBILITY OF THE DOLLAR ON THE LINE IF HE FIRED FEDERAL RESERVE CHAIR JEROME POWELL
You are reading this right. I think we are out of popcorn at this point.
A gold ATM in China.
https://twitter.com/i/status/1913811823750750714
It melts the gold and transfers the amount corresponding to its weight to your bank account. The future is calling…
Source(s): https://x.com/GoldTelegraph_/status/1913567349673742410
https://dinarchronicles.com/2025/04/20/gold-telegraph-the-world-rushes-back-to-gold/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man What's the hold up? I would say the integration into the global financial system with a new real effective exchange rate. That's it. That's what I believe...and I believe they're ready.
Frank26 If they come out at 1 to 1 that's stupid. But if they come out at $3.22 that's an RI...What if they come out at $3.23? Is it an RI? It's an RV.
Frank26 I believe this is a reinstatement, an RI because the RV...that was done a long time ago, about 5 to 7 years ago... IMO the new exchange rate, whatever it is...they've been using it for quite a while now. 'Oh, sure Frank, Oh sure! Oh sure!' You don't believe it? Don't believe it. It's my opinion. You know why it's my opinion? It's the only way everything makes sense that we're seeing...We're missing variables...It's called the new exchange rate...
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GOLD RUSH HOUR: Real Lessons From a Reset & Life After the Dollar
Taylor Kenny: 4-20-2025
n this episode of Gold Rush Hour, Taylor Kenney and ITM Trading President Eric Griffin dig into the hidden warning signs of a dying dollar, rising volatility, and what history tells us about currency resets.
With gold hitting new highs and the Fed denying reality, we ask: are we already in the final stage of the dollar’s life cycle?
Special guest Fernando, a Senior Consultant at ITM, shares his family's experience living through a currency collapse—and what gold did for those who were prepared.
If you want to understand what’s coming and how to protect yourself, don’t miss this one
Seeds of Wisdom RV and Economic Updates Sunday Morning 4-20-25
Good Morning Dinar Recaps
JP MORGAN SAYS BITCOIN'S SAFE-HAVEN APPEAL IS CRUMBLING FAST
JPMorgan signals a major shift in market sentiment, highlighting fading bitcoin demand as gold captures massive inflows and reasserts dominance in the global safe-haven race.
JPMorgan Warns Bitcoin Is Losing Ground to Gold as Global Flows Shift Dramatically
Good Morning Dinar Recaps
JP MORGAN SAYS BITCOIN'S SAFE-HAVEN APPEAL IS CRUMBLING FAST
JPMorgan signals a major shift in market sentiment, highlighting fading bitcoin demand as gold captures massive inflows and reasserts dominance in the global safe-haven race.
JPMorgan Warns Bitcoin Is Losing Ground to Gold as Global Flows Shift Dramatically
JPMorgan Chase analysts stated Wednesday that bitcoin is no longer riding the wave of safe-haven demand, contrasting sharply with gold’s recent inflows. In a research note, the team led by managing director Nikolaos Panigirtzoglou pointed to clear signs of fading investor appetite for BTC. The JPMorgan analysts stated:
Bitcoin has failed to benefit from the safe haven flows that have been supporting gold
.
They observed that the cryptocurrency has suffered from three consecutive months of exchange-traded fund (ETF) outflows and reduced speculative interest in the futures market.
Gold, in contrast, has drawn consistent flows from both institutional and speculative investors. “Despite a decline in market breadth and liquidity, gold continues to benefit from safe haven flows in a similar fashion to currencies like the Swiss franc and the yen,” the analysts detailed.
“These safe haven flows are seen in both the ETF and futures spaces.” Global gold ETFs saw $21.1 billion in net inflows in the first quarter of 2025, including $2.3 billion from China and Hong Kong-based ETFs.
Earlier this month, JPMorgan analysts warned that bitcoin’s status as a safe-haven asset may be weakening. They said the cryptocurrency’s “digital gold” narrative is under pressure as gold continues to see stronger demand.
The report also stated that gold is leading the current debasement trade and remains its primary beneficiary. JPMorgan continues to consider BTC’s estimated production cost a key price indicator, despite ongoing concerns. Analysts said gold remains the main asset benefiting from currency debasement. They identified $62,000, bitcoin’s estimated production cost, as a critical support level.
@ Newshounds News™
Source: Bitcoin News
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REAL-TIME PAYMENTS SURGE GLOBALLY AS US RAISES LIMITS, BRAZIL DRIVES DIGITAL INCLUSION
The growth of real-time payments has been global in scope, and as detailed in the latest “Real-Time Payments World Map,” a collaboration between PYMNTS Intelligence and The Clearing House, there’s an increasing maturity and broadening adoption of instant payment systems.
Increased transaction limits indicate that a variety of new use cases are coming to the forefront, particularly in commercial settings. A significant development in the United States is the recent increase in The Clearing House’s RTP network transaction limit to $10 million, up from $1 million as of Feb. 9.
The recent boost to transaction limits is leagues above the initial limit. When The Clearing House (TCH) launched its RTP® network in 2017 — the first new payments infrastructure in about 40 years — the transaction limit was $25,000. Jim Colassano, TCH’s senior vice president of RTP Product Development, told PYMNTS in the wake of the $10 million ceiling announcement that, “we’re seeing an explosion of new use cases on the network, and we’re seeing a lot more activity.”
This enhancement has already facilitated substantial intercompany transfers, exemplified by BNY Mellon’s $10 million liquidity management transaction for its client Computershare. The fact that over 285,000 businesses now utilize the RTP rail monthly signals a growing corporate appetite for higher-value instant payments.
Brazil’s ‘Game Changer’
In nations such as Brazil, instant payments are finding wide embrace, as central bank initiatives have proven to be a tailwind. As André Cazotto, investor relations officer, M&A, and corporate strategy officer at PicPay, told PYMNTS in April, “the central bank played a huge role in digital inclusion and competition. Pix — the instant payment system — was a game-changer. In 2024 alone, 155 million people used Pix for transactions totaling over 27 trillion reais.”
The Pix instant payment network is set to introduce a recurring payments feature, Pix Automático, in June. This functionality will streamline recurring billing for both consumers and businesses by automating payments for utilities, streaming services and other regular expenses, potentially reducing reliance on multiple banking partnerships.
The real-time payments ecosystem is also attracting new entrants, particularly in the digital wallet arena. Social media giant X is poised to launch its “X Money Account” in late 2025, partnering with Visa to enable in-platform peer-to-peer payments linked to debit cards via Visa Direct. This move indicates the potential for significant disruption and expanded reach for real-time payments within social media platforms.
Infrastructure providers are also bolstering their capabilities. FIS recently achieved full send capabilities certification for the FedNow® Service, building upon its previous receive-only certification. This advancement allows FIS to support the complete payment lifecycle for its partner banks on the Federal Reserve’s real-time payments rail, including instant payments for various use cases like loans, rent and bills.
@ Newshounds News™
Source: PYMNTS
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“Tidbits From TNT” Sunday Morning 4-20-2025
TNT:
Tishwash: Al-Sudani chairs a meeting with major foreign oil companies operating in Iraq.
Prime Minister Mohammed Shia al-Sudani chaired a meeting today, Sunday (April 20, 2025), with the major foreign oil companies operating in Iraq.
The Prime Minister's media office stated in a brief statement received by Baghdad Today that "Al-Sudani chaired a meeting with the major foreign oil companies operating in Iraq."
TNT:
Tishwash: Al-Sudani chairs a meeting with major foreign oil companies operating in Iraq.
Prime Minister Mohammed Shia al-Sudani chaired a meeting today, Sunday (April 20, 2025), with the major foreign oil companies operating in Iraq.
The Prime Minister's media office stated in a brief statement received by Baghdad Today that "Al-Sudani chaired a meeting with the major foreign oil companies operating in Iraq." link
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Tishwash: President of the Republic: Iraq possesses enormous wealth that must be invested in supporting its economy in the best possible way.
President of the Republic, Abdul Latif Jamal Rashid, stressed, on Sunday, that Iraq possesses enormous and diverse wealth that must be invested in supporting its economy in the best possible way.
A presidential statement said that "President of the Republic, Abdul Latif Jamal Rashid, received at the Baghdad Palace, Minister of Industry and Minerals, Khaled Battal Al-Najm."
The President pointed out during the meeting that "Iraq possesses enormous and diverse wealth that must be invested in supporting the Iraqi economy in the best possible way."
The President of the Republic stressed "the importance of this in developing local industry and strengthening the economic situation," noting "the necessity of encouraging and supporting the private sector to contribute alongside the public sector in achieving sustainable development in the country."
For his part, Minister Al-Najm reviewed "the work of the ministry and the projects currently being implemented, in addition to its plans to strengthen the industrial sector in Iraq," expressing "his appreciation for the President's interest and valuable directives."
The statement explained that "the meeting discussed strategic plans aimed at encouraging the work of factories and plants to meet the needs of the local market." link
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Tishwash: Bafel Talabani: ‘My Account’ is an Important Project, Misunderstood by the Public
PUK leader Bafel Talabani emphasized on Saturday that the "My Account” project is a vital initiative that is often misunderstood by the public.
Speaking to party media on April 19, Talabani said, "The My Account project is very important and the process is not what people understand. We met with the team and were impressed. We had some comments and we hope they will be implemented.”
He added, "This project is so advanced that it has the support of the Americans and other parties. It is a banking system that serves people’s lives, regardless of what it is called.”
Talabani also confirmed that positive progress has been made in recent negotiations between the Patriotic Union of Kurdistan (PUK) and the Kurdistan Democratic Party (KDP), saying both sides have agreed on core principles and strategies. link
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Tishwash: The "My Account" project threatens to spark massive demonstrations in Kurdistan.
Dilshad Mirani, head of the Popular Protests Committee in Sulaymaniyah, confirmed on Saturday that preparations are underway for demonstrations and protests by employees of the region in all of Kurdistan's governorates in the coming days.
Mirani said, "The reasons we are holding demonstrations in the region are our rejection of the 'My Account' project and to implement the Federal Court's decision to localize employees' salaries to federal banks."
He added that "demonstrations will take place in a new form in all cities and towns if the issue of localizing employees' salaries is not resolved." link
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Mot: Yeppers!! -- the ole easter bunny logic
Mot: . Waddya Mean!!!???? Jesus in the cave
More News, Rumors and Opinions Saturday PM 4-19-2025
KTFA:
Frank26: "BILLIONS FOR THIS PORT... BUT NOT FOR 1310!!!"......F26
Omani Minister: Faw Grand Port is the region's gateway to development
4/18/2025
Omani Minister of Transport, Communications and Information Technology, Said bin Hamoud Al Maawali, described it on Friday as "the region's gateway to development."
A Shafaq News Agency correspondent said that a high-level Omani delegation headed by the Omani Minister of Transport, Communications and Information Technology, Saeed bin Hamoud Al-Maawali, accompanied by the Iraqi Minister of Transport, Razzaq Muhaibis Al-Saadawi.
KTFA:
Frank26: "BILLIONS FOR THIS PORT... BUT NOT FOR 1310!!!"......F26
Omani Minister: Faw Grand Port is the region's gateway to development
4/18/2025
Omani Minister of Transport, Communications and Information Technology, Said bin Hamoud Al Maawali, described it on Friday as "the region's gateway to development."
A Shafaq News Agency correspondent said that a high-level Omani delegation headed by the Omani Minister of Transport, Communications and Information Technology, Saeed bin Hamoud Al-Maawali, accompanied by the Iraqi Minister of Transport, Razzaq Muhaibis Al-Saadawi.
The Iraqi Minister of Transport said in a joint press conference, "The Omani delegation expressed great admiration for the Faw Port and the advanced progress achieved in a number of its affiliated projects. They considered this a major achievement for Iraq and the region and a qualitative leap forward in trade and the economy."
For his part, the Omani minister said, "This massive project represents the region's gateway to development. We have similar experiences that we are working to develop jointly with Iraq. We have closely examined the components of the Grand Faw Port project, and we affirm our desire for an ambitious start and a significant partnership." LINK
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Frank26: "SECURITY & STABILITY STANDS STRONG!!!"........F26
The Security and Defense Exhibition kicks off in Baghdad with the participation of 150 Arab and foreign companies
4/19/2025
The 13th edition of the Security, Defense, Military Industries, and Cybersecurity Exhibition kicked off on Saturday at the Baghdad International Fairgrounds, with broad international participation, led by the United States, China, and Iran.
The spokesman for the Commander-in-Chief of the Armed Forces, Major General Sabah al-Numan, told Shafaq News Agency that this year's exhibition will host 150 companies representing 20 Arab and foreign countries, in addition to 65 Iraqi companies.
He explained that the government is clearly moving towards encouraging local military production, while attracting international expertise to support the country's military manufacturing process.
Al-Naaman pointed out that the Military Industrialization Authority has witnessed a "qualitative leap" over the past few years, as it now equips most security agencies with weapons and ammunition of various calibers, in addition to other military equipment.
He considered the exhibition to be "an opportunity to exchange expertise and learn about the latest technologies from foreign companies" in the fields of weapons, ammunition, and surveillance and control systems.
The military spokesman noted that the Iraqi security apparatus "has begun to capitalize on developments in cybersecurity technologies," emphasizing that attention is no longer limited to conventional armament, but rather includes the technological dimension, which is taking "an ever-increasing place" in the national defense structure. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat ...Just listening to personal boots-on-the-ground (my CBI contact), I learned that we are very close as my CBI contract was told last week that she would be coming back to work on the committee for the Project to Delete the Zeros very soon... There is something brewing and its not beer…lol...
Militia Man I think Iraq is far more ready than many people believe. But because of the nature of this I still believe there is that inter-connectivity issue and it's something that's beyond our pay grade. We just don't know exactly when they're going to do it and we're not supposed to know. It's pretty obvious we're not supposed to know...
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Precious Metals Bull Market Is Here | Rick Rule
Liberty and Finance: 4-19-2025
Rick Rule, CEO of RuleInvestmentMedia.com, asserts that gold and silver are in a confirmed bull market, with gold currently leading due to rising concerns over inflation, debt, and currency debasement.
He explains that silver tends to lag initially but historically outperforms gold later in the cycle as mainstream investors enter the market.
Rule highlights that precious metals markets are highly volatile, and investors should be prepared for sharp pullbacks—even up to 50%—during an overall upward trend. He believes silver's lower price and greater volatility give it more explosive upside potential once momentum shifts in its favor.
Rule also warns that large short positions in silver could face severe consequences when the market turns.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Gold & silver markets
22:48 Uranium & copper
25:54 Battle Bank
27:50 Rule Symposium
33:54 Battle Bank & Rule's ranking
Dr. Scott Young: The End of the Fed, Part One
Dr. Scott Young: The End of the Fed, Part One
4-19-2025
The future of the Federal Reserve, the central bank of the United States, has become a topic of increasing debate, fueled by concerns about inflation, debt, and the Fed’s role in the economy.
This conversation has been amplified by voices like economist Dr. Scott Young and political commentator Tucker Carlson, leading some to speculate about the potential end of the Fed as we know it. But what are they saying, and what are the implications for America if these predictions come to pass?
Dr. Scott Young: The End of the Fed, Part One
4-19-2025
The future of the Federal Reserve, the central bank of the United States, has become a topic of increasing debate, fueled by concerns about inflation, debt, and the Fed’s role in the economy.
This conversation has been amplified by voices like economist Dr. Scott Young and political commentator Tucker Carlson, leading some to speculate about the potential end of the Fed as we know it. But what are they saying, and what are the implications for America if these predictions come to pass?
While it’s difficult to definitively say Dr. Scott Young “predicted” the end of the Fed, his economic analyses have consistently questioned the institution’s long-term sustainability. His work often focuses on the dangers of excessive debt, monetary manipulation, and the potential for inflation to erode the value of currency.
He often highlights the historical failures of central banking and advocates for alternative systems rooted in sound money principles.
While specifics are difficult to pin down without access to his comprehensive body of work, it’s likely his analyses point towards a scenario where the Fed’s policies eventually become unsustainable, leading to a crisis and potentially a significant restructuring of the monetary system.
This wouldn’t necessarily mean a complete “end” of the Fed, but rather a transformation in its power and operation.
Tucker Carlson, known for his often controversial commentary, has also raised concerns about the Fed’s influence and its potential negative impacts on the American economy. He frequently criticizes the Fed’s policies, particularly its quantitative easing programs, arguing that they benefit Wall Street at the expense of Main Street America.
While Carlson might not explicitly predict the “end” of the Fed, his rhetoric undoubtedly contributes to a growing skepticism towards the institution and its role in shaping the economic landscape.
He uses his platform to amplify concerns about inflation, the national debt, and the perceived unfairness of the financial system, which resonates with a significant segment of the population.
The consequences of a struggling or restructured Federal Reserve are complex and far-reaching. It’s important to note that a complete “bankruptcy” of the Fed is unlikely in the traditional sense, as it possesses the power to create money. However, a loss of confidence in the Fed, a failure to control inflation, or a significant crisis in the banking system could effectively cripple its influence and necessitate dramatic changes.
While the potential consequences of a struggling Fed are serious, it’s essential to consider that a restructuring could also present opportunities for a more transparent and accountable financial system. A shift towards sound money principles, reduced government debt, and greater economic freedom could ultimately benefit the American people.
Whether Dr. Scott Young and Tucker Carlson are correct in their implicit predictions about the Fed’s future remains to be seen.
However, their voices reflect a growing unease about the institution’s power and its impact on the American economy. It’s crucial for citizens to educate themselves about these issues, engage in informed discussions, and demand greater transparency and accountability from those who manage our financial system. The future of the Fed, and the American economy, depends on it.
https://dinarchronicles.com/2025/04/18/dr-scott-young-the-end-of-the-fed-part-one/
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 4-19-25
Good Afternoon Dinar Recaps,
XRP NEWS: ETF APPROVAL COULD SUCK UP SUPPLY LIKE A “VACUUM” & PUMP PRICE HIGHER
▪️XRP ETFs could remove coins from market, creating less supply and higher prices.
▪️Analyst predicts XRP price could reach $27 if ETF approval goes through.
▪️BlackRock’s potential ETF involvement could trigger massive XRP demand with its $11 trillion assets.
Good Afternoon Dinar Recaps,
XRP NEWS: ETF APPROVAL COULD SUCK UP SUPPLY LIKE A “VACUUM” & PUMP PRICE HIGHER
▪️XRP ETFs could remove coins from market, creating less supply and higher prices.
▪️Analyst predicts XRP price could reach $27 if ETF approval goes through.
▪️BlackRock’s potential ETF involvement could trigger massive XRP demand with its $11 trillion assets.
A popular crypto analyst from the Good Morning Crypto podcast has made a strong prediction about XRP. He believes that the approval of XRP-based ETFs could trigger massive buying pressure, pushing prices higher. According to him, once proper regulations are in place, both investors and daily users of XRP could find themselves racing to grab what’s left of the supply.
So what’s driving this bullish outlook? Let’s break it down.
XRP ETFs Could Act Like “Vacuum Cleaners”
The analyst explained that Exchange-Traded Funds (ETFs) could play a major role in XRP’s price movement. When someone bu4ys an XRP ETF, the actual XRP gets stored with a qualified custodian, meaning it’s no longer available for trading in the open market. He compared this to giant vacuum cleaners sucking XRP out of circulation.
With already 18 XRP ETF applications on the table, and there’s a speculation that BlackRock, with a AUM of $11 trillion in assets, may enter the space, the potential demand could be massive.
If that happens, a lot of XRP will be taken off the market, which could push the price higher.
Clear Regulation Might Unlock XRP’s Daily Use
At the same time, the analyst believes that under Donald Trump, crypto rules in the U.S. could become clearer & easier. If this happens by August, more businesses might start using XRP for daily payments.
Meanwhile, market makers, the ones who use XRP for regular transactions, would need it every single day. But while they’re using it, they’d also see the price going up because ETFs are buying up the supply.
If this scenario unfolds, XRP may no longer be as cheap or available as it is today.
On the other hand, the Ripple and SEC lawsuits have been paused for the next 60 days. Many believe it could finally come to an end by July or August. This could be a big moment for XRP, possibly pushing its price higher.
How High Can XRP Go, If ETF Approved?
Recently, Coinpedia News reported that Crypto analyst EGRAG Crypto believes XRP has the potential to soar as high as $27 if an XRP ETF gets approved.
As of now, XRP is trading at a much lower price, around $2.08, with a market cap of $121.5 billion.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
BRICS: HAS CHINESE YUAN MADE INROADS INTO THE WORLD’S RESERVES?
China has aggressively pushed the Chinese yuan as a major payment option for trade settlements between BRICS members since 2022. After the White House pressed sanctions on Russia for invading Ukraine, the Xi Jinping administration made use of the turmoil by placing its local currency ahead for cross-border transactions.
Its BRICS counterpart Russia was the top user of the Chinese yuan as it settled major trade deals in the currency. Even countries such as Iran, India, the UAE, Nigeria, and Belarus settled several trade payments in the Chinese yuan. So has the Communist country’s currency grown by leaps and bounds in the world’s reserves? The answer is no.
China has aggressively pushed the Chinese yuan as a major payment option for trade settlements between BRICS members since 2022. After the White House pressed sanctions on Russia for invading Ukraine, the Xi Jinping administration made use of the turmoil by placing its local currency ahead for cross-border transactions.
Its BRICS counterpart Russia was the top user of the Chinese yuan as it settled major trade deals in the currency. Even countries such as Iran, India, the UAE, Nigeria, and Belarus settled several trade payments in the Chinese yuan. So has the Communist country’s currency grown by leaps and bounds in the world’s reserves? The answer is no.
BRICS: Chinese Yuan Made Inroads In International Reserves?
The latest data from The Atlantic Council shows that the Chinese yuan has not made any major inroads in international reserves. Though its usage has slightly increased, it does not create any impact or threaten the dominance of the US dollar. Even BRICS countries are now hesitant to use the Chinese yuan for trade as they believe the Communist nation is using the alliance as a stepping stone for world domination.
BRICS member India stepped back from using the Chinese yuan after settling many trade deals in the currency. The Modi government does not want to promote or use the currency as it can make China much stronger. India and China have been at loggerheads for several decades due to border and trade disputes. Therefore, using their local currency will only empower the opposition and make India look weaker.
The Chinese yuan has a long way to go to even challenge the dominance of the US dollar. Other leading currencies like the euro and pound are yet to dent the USD’s prospects despite being second and third in line. BRICS has little to no chance of making the Chinese yuan reign supreme in the coming decades.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
Newshound's News Telegram Room Link
Q & A Classroom Link
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News, Rumors and Opinions Saturday 4-19-2025
KTFA:
Clare: The Security and Defense Exhibition kicks off in Baghdad with the participation of 150 Arab and foreign companies
4/19/2025
The 13th edition of the Security, Defense, Military Industries, and Cybersecurity Exhibition kicked off on Saturday at the Baghdad International Fairgrounds, with broad international participation, led by the United States, China, and Iran.
The spokesman for the Commander-in-Chief of the Armed Forces, Major General Sabah al-Numan, told Shafaq News Agency that this year's exhibition will host 150 companies representing 20 Arab and foreign countries, in addition to 65 Iraqi companies.
KTFA:
Clare: The Security and Defense Exhibition kicks off in Baghdad with the participation of 150 Arab and foreign companies
4/19/2025
The 13th edition of the Security, Defense, Military Industries, and Cybersecurity Exhibition kicked off on Saturday at the Baghdad International Fairgrounds, with broad international participation, led by the United States, China, and Iran.
The spokesman for the Commander-in-Chief of the Armed Forces, Major General Sabah al-Numan, told Shafaq News Agency that this year's exhibition will host 150 companies representing 20 Arab and foreign countries, in addition to 65 Iraqi companies.
He explained that the government is clearly moving towards encouraging local military production, while attracting international expertise to support the country's military manufacturing process.
Al-Naaman pointed out that the Military Industrialization Authority has witnessed a "qualitative leap" over the past few years, as it now equips most security agencies with weapons and ammunition of various calibers, in addition to other military equipment.
He considered the exhibition to be "an opportunity to exchange expertise and learn about the latest technologies from foreign companies" in the fields of weapons, ammunition, and surveillance and control systems.
The military spokesman noted that the Iraqi security apparatus "has begun to capitalize on developments in cybersecurity technologies," emphasizing that attention is no longer limited to conventional armament, but rather includes the technological dimension, which is taking "an ever-increasing place" in the national defense structure. LINK
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Clare: Al-Nusairi confirms that the Central Bank's approach to banking reform and development contributes to accelerating Iraq's accession to the World Trade Organization.
4/19/2025 - Baghdad
During his participation in the specialized workshop held by the Ministry of Trade to discuss Iraq's accession to the World Trade Organization, Samir Al-Nusairi, Economic and Banking Advisor, emphasized the role of the banking sector in contributing to accelerating Iraq's accession to the organization and the important role of the financial and banking sector in it.
He pointed to the measures achieved in 2023 and 2024 by the Central Bank in cooperation with the government, mainly regarding the regulation of foreign trade financing, the electronic platform, and direct work between banks and international correspondent banks, based on the approved reform and development methodology, official data, and monetary policy indicators for 2024 and the plan for 2025 and 2026, in cooperation with international consulting companies specialized in this field, and compliance with financial globalization and international standards adopted by WTO member states.
Al-Nusairi explained the main points of the banking reform project launched by the Central Bank this month in the presence and participation of the Prime Minister.
He pointed out the customs war launched by the US administration and its effects in the medium and long term on the principles of unifying customs duties.
Customs duties of the member states of the organization, and what are the means of confrontation that will be adopted by the World Trade Organization and the CAT organization concerned with regulating customs duties at the international level.
The workshop was attended by members of the National Governmental Committee for Joining the Organization, in which Iraq currently holds observer status along with 21 other countries, out of 166 countries with full membership. Representatives of relevant ministries, the private sector, and unions were also present. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Article: "Upcoming meeting between Baghdad and Erbil to remove the Kurdistan oil export file" We all know they haven't started pumping oil. They've charged the pipeline...It's in print that they've done that. It's been tested. It's been really since 2023 and they haven't started flowing the money yet. Why? ...Because they don't have the real effective exchange rate to do so at this stage.
Frank26 [Iraq boots-on-the-ground report] FRANK: ATMs are now in position. They're bringing them forth. Not all are out I know but just curious, do you think they have the lower notes in them right now? FIREFLY: Mr Sammy wants you to know IHO no lower notes in them yet. But soon. FRANK: Smile!!!
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Peter Schiff: Gold’s Rise Warns of Dollar’s Demise
Peter Schiff: 4-17-2025
Gold is glittering, reaching record highs and staging impressive one-day rallies. But according to renowned economist and gold advocate Peter Schiff, the mainstream financial media is too busy chasing the Bitcoin bandwagon to notice the significance of this precious metal’s surge.
In a recent episode of “The Peter Schiff Show,” Schiff argues that this neglect is not just a media oversight, but a symptom of a deeper problem: a willful ignorance of critical economic realities that could lead to a devastating financial crisis.
Schiff doesn’t mince words, drawing parallels between the current economic landscape and the 2008 housing bubble. Just as many downplayed the warning signs then, he believes the media is now failing to recognize the warning flares being emitted by gold’s dramatic rise.
In essence, Peter Schiff’s message is a stark one: Gold’s surge isn’t just about profits for investors; it’s a warning sign of a fundamental shift in the global economic landscape. He urges listeners to pay attention to the message the market is sending, and to prepare for a future where the dollar’s dominance may be significantly challenged.
Seeds of Wisdom RV and Economic Updates Saturday Morning 4-19-25
Good Morning Dinar Recaps,
RIPPLE ENTERS BROKER-DEALER ARENA AS HIDDEN ROAD GAINS FINRA AUTHORIZATION
Ripple just unlocked a game-changing foothold in traditional finance as its $1.25 billion acquisition scores FINRA approval, supercharging institutional access to fixed income markets.
Ripple’s Hidden Road Gets FINRA Go-Ahead to Expand Prime Brokerage Services
Hidden Road, a global prime brokerage firm recently acquired by Ripple for $1.25 billion, announced a regulatory milestone Thursday. Its subsidiary, Hidden Road Partners CIV US LLC, received authorization from the Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer.
Good Morning Dinar Recaps,
RIPPLE ENTERS BROKER-DEALER ARENA AS HIDDEN ROAD GAINS FINRA AUTHORIZATION
Ripple just unlocked a game-changing foothold in traditional finance as its $1.25 billion acquisition scores FINRA approval, supercharging institutional access to fixed income markets.
Ripple’s Hidden Road Gets FINRA Go-Ahead to Expand Prime Brokerage Services
Hidden Road, a global prime brokerage firm recently acquired by Ripple for $1.25 billion, announced a regulatory milestone Thursday. Its subsidiary, Hidden Road Partners CIV US LLC, received authorization from the Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer.
This new designation allows the firm to enhance its capabilities in fixed income prime brokerage. “This approval enables Hidden Road to expand its recently launched fixed income prime brokerage platform, which currently includes Fixed Income Repo & Global Funding services,” the company stated, adding:
"As a broker-dealer, Hidden Road will now be able to provide new and existing institutional clients with a full suite of regulatory-compliant prime brokerage, clearing, and financing services in fixed income assets."
Noel Kimmel, president of Hidden Road, framed the milestone as pivotal to the firm’s trajectory in capital markets. Kimmel stated: “Our broker-dealer registration is a significant step in the development of Hidden Road’s fixed income prime brokerage platform and bolsters our capabilities in traditional financial markets.”
The executive continued: “As a FINRA member, we will be able to bring our best-in-class, technology-driven fixed income service offering to an expanded universe of institutional clients. Our business has tremendous momentum, and we look forward to continuing to provide superior execution and support to our clients amidst today’s exceptionally dynamic market environment.”
Ripple recently announced its acquisition of Hidden Road, a deal valued at $1.25 billion and pending regulatory approval. If completed, it would make Ripple the first digital asset firm to own a global, multi-asset prime broker.
The acquisition aims to expand Ripple’s cross-border payment and custody services. Ripple CEO Brad Garlinghouse commented: “We are at an inflection point for the next phase of digital asset adoption – the U.S. market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end, and the market is maturing to address the needs of traditional finance.”
Ripple CTO David Schwartz described the deal as transformative, stating that XRP could support part of Hidden Road’s daily $10 billion clearing volume and 50 million transactions. “Ripple’s acquisition of Hidden Road is a defining moment for the XRP Ledger and XRP,” he said.
The partnership will integrate blockchain-based settlement, use XRP and RLUSD for collateral and cross-asset trades, and aim to establish Hidden Road as the largest non-bank prime broker globally.
@ Newshounds News™
Source: Bitcoin News
~~~~~~~~~
BRICS: ONLY 50% OF GLOBAL INVOICES ARE WRITTEN IN THE US DOLLAR
The superiority of the US dollar is declining every year as BRICS and other developing countries are working towards uprooting it from the world’s reserve currency status. The latest data had shown that the US dollar’s reserves around the world had already fallen below the 60% mark. The Atlantic Council reported that the US dollar’s global reserves fell to 59% last year.
That’s a gradual decline since 2002 when the global reserves in central banks stood at 72%. The last 23 years saw the USD reserves falling by 13% and the decline could continue further. The decrease falls in line with the BRICS agenda of de-dollarization where the US dollar’s dominancy is getting punctured.
BRICS: Global Invoices in the US Dollar Falls to 50%
Jane Foley, Rabobank’s FX Strategy head said in a recent interview with Bloomberg that the global invoices in the US dollar are now just 50%. The recent data from the SWIFT payment messaging system also shows that global invoices in the US dollar have topped 50.2%. BRICS members are now rewriting trade deals where local currencies are used and not the US dollar for cross-border transactions.
“There’s a lose correlation between the amount of invoices done in or written in the US dollars round. About 50% of the world’s invoices are written in the US dollars. So fundamentally central banks need dollar reserves,” said Foley. However, she stressed that the development could change soon. “And I think that will change,” she said.
“Over the last 40-50 years, the share of the world’s trade from the US dollar has shrunk really because China’s growth in the emerging markets are great, but that is still nearly 60% of reserves,” she said. If BRICS continues the de-dollarization agenda, the US dollar could lose more value in the coming decades.
@ Newshounds News™
Source: Watcher Guru
~~~~~~~~~
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