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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.
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.
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.
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.
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 11-24-24
Good Afternoon Dinar Recaps,
XRP LAWSUIT NEWS: EX-SEC ATTORNEY SAYS ‘NO SETTLEMENT’ BECAUSE GENSLER WON ‘HALF THE CASE’
XRP’s price surged massively following Gary Gensler’s announcement that he will step down as SEC Chairman in January 2025. This revelation has sparked speculation about whether the XRP-SEC lawsuit could come to an end before Gensler’s departure.
A social media user speculated that Gary Gensler and the SEC might offer a settlement before he leaves, in an attempt to avoid looking like total losers, or to at least make it seem like they had a win.
Seeds of Wisdom RV and Economic Updates Sunday Morning 11-24-24
Good Morning Dinar Recaps
STELLAR AND THIS NEW COIN: THE DEFI DUO WITH POTENTIAL TO MULTIPLY A CRYPTO PORTFOLIO
A seasoned crypto and a rising DeFi star are capturing investor attention, offering potential for major portfolio growth.
Investors are eyeing a dynamic pair shaking up the decentralized finance scene. One is a seasoned cryptocurrency with a solid track record. The other is a fresh player gaining rapid attention.
Together, they could offer a compelling opportunity to amplify investment returns. This duo might be the catalyst for significant portfolio growth.
Some “Gold Backed “ News Saturday 11-23-2024
Judy Shelton: "Why Don't We Use Our Gold As Collateral For A New Treasury Debt Instrument"
Arcadia Economics: 11-23-2024
Judy Shelton: "Why Don't We Use Our Gold As Collateral For A New Treasury Debt Instrument"
Former Trump economic advisor Judy Shelton has talked a lot about bringing gold back into the monetary system in the US.
And while she has not yet been officially brought back aboard Trump's team, it sure is fascinating to imagine what could happen if she is.
Because in a recent interview with David Morgan of The Morgan Report, in addition to sharing some fascinating monetary history, including how even Fed officials like Paul Volcker and Alan Greenspan agree that 2% inflation is far from the definition of stable, she also proposes the idea of using the nation's gold as collateral for a new treasury debt instrument.
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 11-23-24
Good Afternoon Dinar Recaps
BRICS: MORGAN STANLEY PREDICTS THE FUTURE OF THE US DOLLAR
BRICS is challenging the dominance of the US dollar by spreading the de-dollarization agenda across the globe. The bloc is pushing local currencies for trade and convincing other developing countries to sideline the US dollar. Using local currencies will strengthen their native economies and give them a boost in the forex markets. Amid the BRICS de-dollarization initiative, leading investment bank Morgan Stanley has predicted the future of the US dollar
Three sectors (see link below) in the US will be affected if BRICS ditches the dollar for trade. The move will make the US dollar lose out on the global supply and demand dynamics and push it into the path of decline. If the US fails to import the dollar, inflation could hit the homeland leading to higher prices for basic necessities.
Seeds of Wisdom RV and Economic Updates Saturday Morning 11-23-24
Good Morning Dinar Recaps
GLOBAL ASSET MANAGER LAUNCHES XRP ETP WITH INDUSTRY-LEADING PRICING IN EUROPE
XRP advances with a new institutional-grade exchange-traded product, offering secure, physically backed exposure as Wisdomtree expands crypto products amid growing investor interest.
XRP Gains Ground: Major ETP Launched by a Top European Asset Manager
Asset management firm Wisdomtree announced on Thursday the launch of its latest cryptocurrency exchange-traded product (ETP), the Wisdomtree Physical XRP (XRPW), on major European exchanges, including Deutsche Börse Xetra, Six Swiss Exchange, and Euronext in Paris and Amsterdam.
Seeds of Wisdom RV and Economic Updates Friday Afternoon 11-22-24
Good Afternoon Dinar Recaps,
BRICS: WHY 2025 COULD BE THE END OF ITS DE-DOLLARIZATION EFFORTS
Despite being the BRICS focus over the last two years, 2025 could mark the end of the alliance’s de-dollarization efforts. Although the bloc has sought increased financial prominence, it has yet to truly strike at international Western hegemony.
With President-elect Donald Trump set to take over the White House in the coming years, his relationship with Russia’s Vladimir Putin could orchestrate a massive shift in perspective for the group. Since Trump won the 2024 election, Putin has already assured he is no longer interested in abandoning the US dollar.
Seeds of Wisdom RV and Economic Updates Friday Morning 11-22-24
Good Morning Dinar Recaps,
CONGRESSMAN THAT LED SAB 121 HOUSE VOTE, VOWS TO OVERTURN CRYPTO CUSTODY RULE
Earlier this year, both the House and Senate voted to overturn the SEC’s SAB 121 accounting rule that prevented banks from providing crypto custody solutions. However, President Biden used his veto so the rule still stands. Mike Flood, the Congressman that led the bipartisan House vote, has vowed to work with a new SEC Chair to ditch SAB 121 for good.
However, Flood’s work wasn’t entirely wasted. The dual votes highlighted the issue that forcing banks to put assets under custody on their balance sheet is both unconventional and affects their compliance with bank balance sheet rules.
Seeds of Wisdom RV and Economic Updates Thursday Evening 11-21-24
Good Evening Dinar Recaps,
INDUSTRY EXECS SEEK POSITIONS ON TRUMP’S CRYPTO ADVISORY COUNCIL
President-elect Trump promised the establishment of a strategic Bitcoin ‘stockpile’ during the Bitcoin 2024 event in Nashville Tennessee.
Industry executives are reportedly seeking a seat at President-elect Donald Trump’s highly-anticipated crypto advisory council, which will be responsible for crafting regulatory policy and expected to establish a Bitcoin strategic reserve.
According to a Reuters report, Coinbase, Ripple Labs, and venture capital firm a16z are among some of the firms looking to join the council.
Seeds of Wisdom RV and Economic Updates Thursday Afternoon 11-21-24
Good Afternoon Dinar Recaps,
BREAKING NEWS
SEC CHAIR GENSLER TO DEPART AGENCY ON JANUARY 20
Gensler implemented reforms to enhance efficiency, resiliency, and integrity in U.S. capital markets; agency held wrongdoers accountable and returned billions to harmed investors.
For Immediate Release 2024-182 Washington D.C., Nov. 21, 2024 —
The Securities and Exchange Commission today announced that its 33rd Chair, Gary Gensler, will step down from the Commission effective at 12:00 pm on January 20, 2025. Chair Gensler began his tenure on April 17, 2021, in the immediate aftermath of the GameStop market events.