USD Devaluation Is Coming, Gold Repricing, Negative Rates, Monetary Reset & Deep Seek - Luke Gromen

USD Devaluation Is Coming, Gold Repricing, Negative Rates, Monetary Reset & Deep Seek - Luke Gromen

TFTC:  2-1-2025

Luke Gromen breaks down why the U.S. dollar faces massive devaluation and why negative rates are inevitable. He explains the mechanics of Treasury gold repricing from $42/oz, potential Bitcoin integration into Treasury markets, and how China's Deep Seek AI development changes global power dynamics.

The conversation covers impending financial system changes, from gold's role as a neutral reserve asset to the necessity of negative real interest rates for 2-3 years.

Gromen details how private markets are already adapting through Bitcoin-collateralized instruments and stablecoin Treasury requirements.

0:00 - Intro

0:59 - Tariffs

4:53 - DeepSeek

12:32 - Bessent's reset

17:19 - Fold & Bitkey

19:14 - Liquidity crisis and the big print

26:05 - Speculating on a deal with China

30:19 - Unchained

31:20 - Europe is losing

38:47 - Gold price and SBR

45:45 - History of gold's official price

 50:26 - Is the bandaid coming off soon?

 55:26 - Bitcoin-backed lending

1:02:04 - There's hope for cooler heads

1:13:29 - SAB 121 repeal

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

Iraq Economic News and Points to Ponder Saturday Afternoon 2-1-25

Dinar.. Currency and Symbol - Abdul Karim Ahmed Al-Zaidi

January 31, 2025   When a country has its own local currency that it uses in internal transactions, it is inevitably affected by external trade transactions, which require, through financial relations, dealing in foreign currency, which is what we call hard currency that we need in import operations and other financial payments for the various transactions of the country outside its borders.

For this reason, the importance of preserving the value of the local currency appears, and what is meant in our country is the Iraqi dinar with its equivalent value of hard currency in the external trade environment.

The responsibility for this process and preserving the value of the local currency falls on the Ministry of Finance, as it is authorized in these transactions in coordination with the Ministry of Trade and other bodies within its jurisdiction.

What concerns us here, considering that our country is still in dire need of supplying its people’s needs of materials, goods and local market requirements and its reliance on selling crude oil as an economic resource, is to maintain the value of the local currency and enhance its purchasing power against foreign currencies.

To be fair in our presentation of the subject, the Ministry of Finance has done its best in attempts to support the local currency and reduce its impact on the exchange of its equivalent in hard currency.

Perhaps the most prominent of these is offering the sale of hard currency in the financial markets at a price that competes with the inflation in the exchange rate of hard currency and monitoring the implementation of its instructions in the commercial dealings market in an attempt to stop the decline in the value of the local currency.

However, the situation, as it seems, does not represent an ideal solution to this situation after all commercial dealings and markets have become parallel to the exchange value. This matter requires a scientific and practical way out that preserves the value of the local currency and restores its prestige among foreign currencies and strongly fights all efforts to weaken its immunity and weaken its ability to compete again with other circulating currencies.

Perhaps Iraqis remember the market dealings with simple and metal money and small coins, which are not far away, and this is frankly what prompted me to review the history of the beginning of the birth of the Iraqi dinar in the year 1932, and after it was It was linked to the US dollar after 1959, so that each Iraqi dinar became equal to 2.8 US dollars.

It maintained its value until 1973, when it became equal to 3.37 per US dollar after the United States devalued its currency in 1972.

Unfortunately, the situation did not remain the same after Iraq devalued its currency, and the dinar remained in circulation equal to 3.2 per US dollar. It maintained its circulation until the Second Gulf War in 1991, despite the fact that the exchange rate of the Iraqi dinar on the black market was 3 dinars per dollar in late 1989.

I repeat that the supervisory authorities and the Central Bank of Iraq have a responsibility to work on finding a way out of this crisis and to overcome the weakness of the local currency with solutions that go beyond the short-sighted view that many financial and economic experts still resort to without any salvation, and to bring life back to the Iraqi dinar after a long period of slumber and weakness. LINK

Iraq's Dollar Reserves Exceed $100 Billion

Time: 2025/02/01 19:38:08 Read: 1,980 times  {Economic: Al Furat News} Economic expert, Basem Jamil Antoine, revealed Iraq’s dollar reserves.

Antoine told {Euphrates News} that: "The Iraqi gold reserve is good and it is preferable for the reserve to be larger than it is now and commensurate with the size of Iraq's dollar reserve, which currently amounts to more than 100 billion dollars."

He explained that "these assets must be converted into production in the economic and private sectors to create job opportunities for the unemployed and reduce poverty rates," stressing "the need for local reliance in production and not resorting to imports."

Antoine pointed out "the importance of converting surplus cash liquidity into a productive sector that is capable of protecting the country and providing food security in all sectors."

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed via {Euphrates News} Iraq's gold reserves, which are estimated at about 152 tons.

Salih explained that its approximate value in the country's foreign investment portfolio is about 14 billion dollars, which constitutes about 13% of the total diversification of that portfolio, which is distributed in standard proportions between other foreign currencies.  LINK

Central Bank Records Explosive Sales During The Week

01/02/2025  Mawazine News – Economy  The total sales of the Central Bank of Iraq of US hard currency exceeded one billion dollars during the days of the auction last week.

Mawazine News correspondent reported that the Central Bank sold during the past week and for the 4 days of the auction, one billion, 166 million, 384 thousand, and 363 dollars, at a daily average of 291 million, 596 thousand, and 90 dollars, higher than last week, when the average sales amounted to 294 million, 385 thousand, and 330 dollars.

The highest sales of the dollar were on Tuesday, when sales amounted to 299 million, 950 thousand, and 287 dollars, while the lowest sales were on Wednesday, when sales amounted to 283 million, 18 thousand, and 598 dollars.

Our correspondent indicated that foreign remittance sales during the past week amounted to one billion, 95 million, 234 thousand, and 363 dollars, compared to cash sales that amounted to 71 million, 150 thousand dollars.   https://www.mawazin.net/Details.aspx?jimare=259238

Dollar Prices Fall In Baghdad And Stabilize In Erbil With Closing

Saturday 01 February 2025 16:39 | Economic Number of readings: 189   Baghdad/ NINA / The dollar prices decreased in the markets of Baghdad and Erbil governorates with the closing of the stock exchange.

The dollar prices recorded a decrease with the closing of the Al-Kifah and Al-Harithiya stock exchanges to record 150,400 dinars for every 100 dollars, while the prices were 150,500 dinars for every 100 dollars this morning.

The selling prices in the field of exchange in the local markets in Baghdad reached 151,500 Iraqi dinars for every 100 dollars, while the purchase reached 149,500 dinars for every 100 dollars.

As for Erbil, the dollar recorded stability, as the selling price reached 150,250 dinars for every 100 dollars, and the purchase price was 150,150 dinars for every 100 dollars. https://ninanews.com/Website/News/Details?key=1183187

Al-Sudani: Iraq Is Fertile Ground For All Economic Dreams

Money and business  Economy News – Baghdad  Prime Minister Mohammed Shia Al-Sudani confirmed, on Saturday, that Iraq is fertile ground for all economic dreams, while indicating that the country is on the verge of the largest urban movement in the field of housing.

Al-Sudani said in a speech during the opening of the 48th session of the Baghdad International Fair, which was followed by "Al-Eqtisad News", "Today we open the 48th session of the Baghdad International Fair to be an addition that inspires hope and aspiration for productive and promising partnerships and stronger cooperation that enhances facing challenges and draws a map of prosperity and confident economic growth."

He added, "I welcome the representatives of 1,250 companies and entities participating in this year's session, which carries messages of communication and constructive partnership plans from 22 sisterly and friendly countries," indicating that "this year's exhibition is being held while Iraq is witnessing a continuous and active movement in every sector and detail of the economy, industry, agriculture, infrastructure, services and energy."

He continued, "We have completed more than twenty-seven months of connected and complementary plans and programs in order to bring about a tangible and clear change within the ceiling of expectations and ambitions carried by the honorable Iraqi citizen," adding, "We have stressed since the start of the government's work that the real criterion for success is the citizen's satisfaction and positive interaction with what the executive service apparatus provides, along with the deep-rooted and long-term economic reform."

He added: "We want the Baghdad Exhibition to be a forum for understanding and a meeting platform where opportunities, understandings and offers gather and companies study the available windows for contribution to the development movement in Iraq," stressing that "Iraq is heading towards the widest urban movement in the field of housing."

Al-Sudani said: "We have a promising and accelerating health sector that we have moved forward in by completing dozens of stalled hospital projects, in addition to adopting the method of joint management and operation and activating health insurance," noting that "foreign investments in Iraq have exceeded 60 billion."

He explained that "all of this comes in addition to building relationships, understandings and agreements with international partners and major global financial institutions," noting that "the strategic development path that extends from the port of Faw to the northern borders and Turkey is linked to the most effective and cheapest trade routes in management and operation, linking Asia and Europe through Iraq and the Middle East."   https://economy-news.net/content.php?id=52415

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Saturday Afternoon 2-1-25

Good Afternoon Dinar Recaps,

BRICS CURRENCY: KREMLIN SAYS NO PLANS FOR A COMMON CURRENCY

According to the Kremlin, Russia and BRICS do not have plans for a common currency, contrary to previous reports. Following threats from US President Donald Trump to impose tariffs on the BRICS nation for creating such a currency, the bloc insists that no such plans exist.

Trump on Thursday warned BRICS member countries about replacing the U.S. dollar as a reserve currency by repeating a threat of 100% tariffs he had made weeks after winning the November presidential election. 

“The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER,” the President said on Truth Social. 

“We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy.“

Kremlin Denies BRICS Currency Developments

However, Kremlin spokesman Dmitry Peskov says BRICS, of which Russia is a founder, was not talking about setting up its own currency, but merely about creating joint investment platforms. He added U.S. experts should brief Trump in more detail about what BRICS is doing.

BRICS has been in active discussions about developing its own common currency for years. The talks have become more concrete in the last year, with more nations joining in and interest in the bloc growing.

Despite the story of BRICS looking to overthrow the greenback, the bloc recently insisted it’s not pursuing de-dollarization. Peskov’s statement doubles down on this, saying that the bloc never wanted to abandon the USD altogether, simply providing an alternative for countries who have lost trust in the US currency.

More countries are ditching the US dollar for local currency alternatives as the greenback faces continuous pressure. Donald Trump’s tariff plan also stands to put the greenback in more jeopardy, isolating it from countries out East. While Trump is looking to save the US dollar from opposition, he could in turn be adding to the nation’s current economic rivals.

@ Newshounds News™

Source:  Watcher Guru

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XRP LAWSUIT NEWS: CAN ACTING SEC CHAIR MARK UYEDA DROP THE RIPPLE CASE?

▪️Ripple CEO Talks to Trump – Discussions heat up over XRP as a potential U.S. national digital asset reserve.

▪️Ripple Case Removed from SEC Website – What does this move indicate? Settlement rumors spark speculation.

▪️Acting SEC Chair's Role – Why it's unusual for an Acting Chair to drop Ripple's high-profile case.

The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has fueled widespread speculation about a potential settlement. Recent developments suggest that the resolution of this case could be closer than expected, with some pointing to key signs indicating a possible outcome.

Ripple’s CEO Talks to Trump About XRP as National Digital Reserve

One factor intensifying speculation is the revelation that Ripple’s CEO, Brad Garlinghouse, has had direct discussions with President Donald Trump regarding XRP as a potential U.S. national digital asset reserve. While the idea of XRP becoming a national reserve asset remains uncertain, the fact that such discussions are happening is seen as a major development.

Ripple Case Removed from SEC Website: What Does It Mean?

The recent removal of the Ripple case from the SEC’s website is also being widely discussed. While this move has sparked rumors about an imminent settlement, experts warn against reading too much into it.

Sherrie, a well-known expert in the XRP community, said that the SEC didn’t move the case; it’s actually been concluded and is now listed under Award Claims. Once the case was appealed, it received a new case number and can be found on the Court of Appeals website.

Challenges in Dropping the Case: Acting SEC Chair’s Role

When a user enquired about why acting Chairman Mark Uyeda has not yet dropped the case, she explained that it would be unusual for an acting SEC Chair to drop a high-profile case like Ripple’s. Normally, these big cases are handled by the official Chairman

It would be unusual for an Acting Chair to take such a liberty as to drop a high profile case such as Ripple’s. Generally these big cases are dealt with by the actual Chairman. Atkins has an estimated time of getting approved by the Senate around April, 
She Wrote.

@ Newshounds News™

Source:  Coinpedia

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CIRCLE’S USDC STABLECOIN OFFICIALLY GOES LIVE ON LAYER-1 CHAIN APTOS (APT)

Circle’s dollar-pegged stablecoin USDC has officially gone live on the layer-1 chain Aptos (APT).

Aptos’ native token, APT, is up on the news, surging by 5.5% in the past 24 hours.

The 38th-ranked crypto asset by market cap is trading at $7.91 at time of writing.

Coinbase, the top US crypto exchange, has already added Aptos-native USDC to its listing roadmap.

In November, Aptos first announced that it planned to integrate USDC, as well as the fintech giant Stripe’s payment services.

Stripe will provide a fiat on-ramp for the Aptos network. The payments firm reemerged in the crypto sector in October when it rolled out support for USDC settlements. It had previously enabled payments made using Bitcoin (BTC) until 2018, when the firm discontinued its support, citing BTC’s lack of utility as a payments rail.

Native USDC stablecoins are officially issued by Circle and are redeemable 1:1 for US dollars. USDC is the second-largest stablecoin with a market cap of more than $53 billion, second only to Tether’s USDT, which has a market cap of nearly $140 billion.

Despite its gains in the past day, APT remains down by more than 5% in the past seven days and more than 10% in the past month.

@ Newshounds News™

Source:  DailyHodl

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A Global Economic Reset, is it Already Happening?

A Global Economic Reset, is it Already Happening?

Wealthion:  1-31-2025

The global economic landscape is shifting, and according to economist Simon Hunt, we might be on the precipice of a once-in-a-century reset.

 In a recent interview with Anthony Scaramucci on Wealthion, Hunt painted a stark picture of a world undergoing profound changes, driven by a rising BRICS alliance, escalating geopolitical tensions, and the potential for a significant market correction coupled with soaring inflation.

Are we, as Hunt suggests, on the cusp of an economic crisis mirroring the turmoil of the 1970s? Let’s break down the key talking points.

One of the most significant developments Hunt highlights is the growing economic and political clout of the BRICS nations (Brazil, Russia, India, China, and South Africa, with expanding membership). He argues that these emerging markets are actively working to dismantle the existing U.S.-led financial order.

This isn’t merely a shift in influence; Hunt posits it could lead to a fundamental restructuring of global power dynamics, potentially ending decades of U.S. economic dominance. The allure of a multipolar world, offered by the BRICS bloc, is gaining traction, particularly amongst nations seeking alternatives to the traditional Western financial infrastructure.

Central to this power shift is the ongoing struggle between the U.S. and China. Trade wars, sanctions, and escalating tensions are not just isolated incidents; they are symptomatic of a deeper battle for economic and geopolitical supremacy.

 This conflict, according to Hunt, is a key driver of global instability and contributes to the precarious economic environment we face today. The interconnectedness of these two economic giants means that any significant disruption in their relationship reverberates throughout the world.

Beyond the geopolitical arena, Hunt delivers a stern warning about the state of the stock market. He suggests that we could be staring down the barrel of a substantial correction, potentially ranging from 20-40%. This wouldn’t be a minor blip but a dramatic downturn that could significantly impact investors worldwide. He argues that current valuations are unsustainable, and a reckoning is inevitable given the underlying economic pressures.

Perhaps most concerning is Hunt’s prediction regarding inflation. He cautions that we could see inflation surge beyond 13%, mirroring the crisis of the 1970s.

This combination of high inflation and potential market instability creates a toxic cocktail, threatening to erode purchasing power and destabilize the global economy. Hunt connects this inflationary pressure to supply chain disruptions, geopolitical tensions, and the potential for a shift away from the dollar.

Further fueling the shift away from the existing order is the growing interest in gold, particularly from China. Hunt suggests that China’s ongoing accumulation of gold might indicate a desire to create a gold-backed currency, a move that would further challenge the dominance of the US dollar and significantly alter the global monetary system. Such a move would have profound implications for international trade and finance.

Despite the growing emphasis on renewable energy, Hunt emphasizes the enduring influence of oil as the world’s most critical commodity. He underscores that control over energy resources remains a key driver of geopolitical power and that fluctuations in oil prices continue to have a dramatic impact on the global economy. The ongoing energy battle, he argues, will be another catalyst for instability and further accentuate geopolitical tensions.

Ultimately, Hunt’s interview paints a picture of a global economy facing multiple, interconnected threats. Investors, he suggests, need to be vigilant and prepared for a period of heightened volatility. Key risks to watch include escalating geopolitical conflicts, further supply chain disruptions, increasing inflationary pressure, and, of course, the potential for a significant correction in the stock market.

Simon Hunt’s analysis on Wealthion provides a sobering perspective on the current state of the global economy. While not a prediction of inevitable doom, his warnings highlight the potential for a significant economic reset. The rise of BRICS, the U.S.-China power struggle, the threat of a market downturn, and the looming specter of resurgent inflation all point to a period of uncertainty and change.

Whether we are indeed witnessing a once-in-a-century event remains to be seen, but the issues raised by Hunt demand serious attention from investors, policymakers, and anyone concerned about the future of the global economy. The key is to be aware, informed, and prepared for the potential shifts ahead.

https://youtu.be/rnZ58Xzzrbg

Iraq Economic News and Points to Ponder Saturday AM 2-1-25

Are The Large Cash Reserves Really Reassured Or Hide A Future Financial Crisis?
 
Jan 30, 2025 Last update: Jan 30, 2025   Independent/- Despite the remarkable development in the monetary reserves of Iraq, where he ranked third in the Arab world for 2024 after Saudi Arabia and the UAE,  the economic situation in the country is still marred by ambiguity and questions, which makes these numbers a source of controversy instead of pride.

A comfortable number ... but what next?
 
Some sources have announced that Iraq has cash reserves estimated at about $106.7 billion, which is considered greater than the size of the exported currency.
 
It is assumed that this is considered a "wall" wall in front of potential crises, and gives positive signals to foreign investors. But the real question is:
 
Do these reserves really represent a real "stability"?
 
Do these numbers reflect the reality of the Iraqi economy?
 
Despite these figures, the Iraqi economy still depends excessively on oil as a major source of income, which exposes it to any fluctuations in global oil prices.
 
It is true that Iraq has good cash reserves compared to some Arab countries,
 
but most of its economic projects remain involved in unaccounted risks.
 
Can we really consider these reserves as an economic stability tool, while
 
     debts are still ongoing, and
     non-oil resources are almost non-existent?
 
Is Iraq ready to deal with future crises?
 
Although some experts, such as Dr. Nabil Al -Marsoumi, consider that critical precautions are great enough to finance internal projects and protect the Iraqi dinar,
 
it is not possible to ignore the fact that cash reserves are not the only solution to crises. As Imad Al -Muhammadawi indicated,
 
diversity in income sources will be the main factor for real financial stability.

Great allocations, where do you go?
 
With the allocation of 500 billion dinars for service effort projects, the most prominent question remains:
 
Will this money be optimized?
 
Iraq has beautiful numbers, but is this enough to stimulate sustainable development?
 
Or are these numbers only used in projects that are not concluded?
 
Controversy summary:
 
In the end, cash reserves remain mere numbers on paper unless they are translated into realistic economic policies that
 
     diversify income,
     reduce dependence on oil, and
     contribute to achieving real development that touches the lives of citizens.    
  
https://mustaqila.com/هل-الاحتياطيات-النقدية-الكبيرة-للعرا/    

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Saturday Morning 2-1-25

Good Morning Dinar Recaps,

ARGENTINA WELCOMES COINBASE: A NEW ERA FOR CRYPTO IN LATIN AMERICA!

Coinbase receives regulatory approval to operate in Argentina, expanding its presence in Latin America.

Argentina's increasing crypto adoption and planned currency liberalization create a favorable environment for Coinbase's entry.

Coinbase's expansion aligns with international crypto collaborations.

In a major move, Coinbase has just secured approval from Argentina’s National Securities Commission (CNV) to operate as a Virtual Asset Service Provider (VASP). This marks a significant milestone in the exchange’s ongoing expansion efforts across Latin America.

Following its 2023 launch in Brazil, coinbase entry into Argentina signals a bigger push to cater to the growing demand for crypto solutions in the region. The goal is to strengthen user protection while complying with local regulations.

Argentina’s Growing Crypto Adoption

Coinbase reports that nearly 5 million Argentinians use cryptocurrency daily, with 76% of adults viewing it as a solution to issues like inflation and high transaction fees. Matías Alberti, a former fintech executive from Buenbit and Clara, will lead Coinbase’s operations in Argentina, helping to guide the company’s growth in the country.

With this approval, Coinbase is now able to offer a full range of services, such as buying, selling, transferring, and storing cryptocurrencies. This expansion strengthens Coinbase’s presence in Latin America, particularly in one of the region’s largest economies, further expanding its global reach.

Markets Get Competitive

Coinbase’s move into Argentina comes as the local market becomes increasingly competitive. Binance also registered in the country in October, while Argentina is preparing for significant changes. By 2025, the country plans to allow free currency circulation, which would include cryptocurrencies like Bitcoin for everyday transactions.

Coinbase’s launch in Argentina coincides with growing international crypto collaboration. In December 2024, Argentina and El Salvador signed an agreement to boost the crypto industry, paving the way for Argentina to become a key player in the global digital asset market.

As more countries open their doors to crypto, digital assets continue to be the buzz of the market. We’ll keep you updated!

@ Newshounds News™

Source:  Coinpedia

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EL SALVADOR PASSES NEW BITCOIN (BTC) LEGISLATION TIED TO NEW IMF $1,400,000,000 FUNDING DEAL: REPORT

The first country to use Bitcoin (BTC) as a legal tender has reportedly passed a new law that will scale back its crypto efforts.

Reuters reports that awmakers in El Salvador approved a bill to amend the nation’s Bitcoin law in compliance with a deal that the government struck with the International Monetary Fund (IMF).

In December, the government of El Salvador and a staff team from the IMF reached a deal for a $1.4 billion loan facility after agreeing that the Central American nation would allow businesses to decide whether they want to accept cryptocurrency payments.

El Salvador intends to use the fund to support economic reforms. The IMF says the arrangement under the Extended Fund Facility (EFF) will mitigate the country’s Bitcoin-related risks.

“The potential risks of the Bitcoin project will be diminished significantly in line with Fund policies. Legal reforms will make acceptance of Bitcoin by the private sector voluntary. For the public sector, engagement in Bitcoin-related economic activities and transactions in and purchases of Bitcoin will be confined.”

El Salvador’s congress, which is dominated by President Nayib Bukele’s New Ideas Party, approved the reform with 55 votes in favor and two against.

The agreement is still subject to the approval of the IMF Executive Board and conditioned on EL Salvador’s fulfillment of the terms.

@ Newshounds News™

Source:  DailyHodl

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UTAH HOUSE COMMITTEE PASSES BILL FOR STATE TO BUY CRYPTO

The bill now needs to pass by majority vote in Utah’s House and Senate before being approved by state governor Spencer Cox, who appears to be pro-crypto.

A Utah House committee has passed a bill that would allow the state to invest a portion of public funds into crypto, with the measure now heading to the House for a vote.

@ Newshounds News™

Read more:   CoinTelegraph

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SOUTH DAKOTA REPRESENTATIVE PROPOSES BITCOIN RESERVE BILLS

In what is a continuation of the ongoing trend in the United States, one South Dakota representative has proposed not one but two Bitcoin reserve bills. Indeed, state lawmaker Logan Manhart is seeking to make South Dakota one of many hoping to establish a strategic BTC reserve in their state.

The move has made South Dakota the 15th state to introduce a bill that would establish such a reserve, according to Dennis Porter. Moreover, one of the introduced laws would see the state allocate 10% of public funds to acquiring Bitcoin. Additionally, the state is looking to explore the leading cryptocurrency as a hedge against potential inflation.

@ Newshounds News™

Read more:  Watcher Guru

~~~~~~~~~

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“Tidbits From TNT” Saturday Morning 2-1-2024

TNT:

Tishwash:  Today.. Baghdad International Fair kicks off with the participation of 20 countries and 1000 companies

The 48th session of the Baghdad International Fair opens today, Saturday, with the participation of 20 countries and more than 1,000 local and international companies.

Minister of Trade Athir Dawood Al-Ghariri announced the completion of all preparations for the launch of the 48th session of the Baghdad International Fair.

Al-Ghariri stressed that "this edition will be distinguished by the diversity and size of the participation, as its activities will start today, Saturday, February 1, and will continue until the 7th, under the patronage of Prime Minister Mohammed Shia Al-Sudani and under the slogan "Investment - Development - Prosperity", with the participation of 20 Arab and international countries and more than 1,000 local and international companies.

He pointed out that "the Baghdad International Fair represents a point of attraction and attraction for foreign investors," adding that "this year will be different from previous versions in terms of the diversity of economic, cultural, and artistic events."  link

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Tishwash: Hmmmm- running this article again.

As part of its war on counterfeiting, Iraq enhances the security of its currency with improved marks and printing new banknotes

Attentions in Iraq are directed towards the efforts made to protect the national currency and enhance its economic security. In this context, the Central Bank of Iraq's disclosure of a set of modern security marks that have been added to the circulating banknotes comes as a qualitative step that reflects the keenness to keep pace with global developments in the field of currency printing and security.

On January 19, the Central Bank of Iraq unveiled the security marks of the circulating banknotes, with the aim of educating the public, as well as companies and commercial banks that deal with these banknotes on a daily basis, reviewing these improved security marks, through a technical bulletin, in which it indicated the introduction of prominent marks on the new banknotes to enable the visually impaired to identify the banknote denominations by touch.

Mazhar Muhammad Salih, the economic advisor to the Prime Minister, confirmed in a statement followed by Al-Rasheed, that Iraq's decision to print a new currency is a natural decision that comes within the state's efforts to protect its national currency and enhance its security.

Salih explained that since the first issuance of the currency in 1934, Iraq has printed its currencies at the largest international printing companies, with the exception of the blockade period when the state was forced to resort to local printing.

He pointed out that Iraq still relies on the largest international companies specialized in printing currency, which are companies with a good reputation and high reliability and adhere to the highest international safety standards. He pointed out that this matter is of great importance to the economic security of Iraq and global security in general.

He added that Iraq reprinted its currency after 2003 with the largest international companies, including British and German companies. He explained that reprinting currency is a routine procedure that is carried out periodically to replace damaged papers and introduce new security improvements to the currency to protect citizens from counterfeiting and money laundering.

He stressed that these procedures come within the framework of the state's keenness to protect citizens' economic rights and ensure the stability of the Iraqi economy. He pointed out that the Central Bank of Iraq is the only body authorized to issue currency in accordance with the law, and there is strict security control over the printing and circulation process to prevent the entry of counterfeit currency into the country.

Saleh stressed that the cost of reprinting a single currency is very simple, not exceeding cents compared to its benefits, and that this procedure is an integral part of the policy of central banks around the world to maintain the stability of national currencies and protect national economies.  link

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Tishwash:  UN Secretary-General's Representative in Iraq: Our message is clear: "Iraq is everyone's country"

The Special Representative of the Secretary-General of the United Nations in Iraq, Mohammed Al-Hassan, confirmed today, Friday (January 31, 2025), that our message is clear and supports the stability and security of Iraq, which is the homeland of all.

Al-Hassan said in a press conference, which was followed by "Baghdad Today", during his visit to the Iraqi Jurisprudence Assembly in Al-A'dhamiyah, that "the pure soil of Iraq rejects sectarian, factional and exclusionary projects, and our message is clear, with the stability and security of Iraq, which is the country of everyone and a homeland that embraces everyone,"

Stressing that "the pure soil of Iraq rejects sectarian, factional and exclusionary projects," warning by saying, "The United Nations sees such sectarian projects," but he added, "We have confidence in the citizen and his ability to distinguish between the good and the bad."

He added, "The citizen is now yearning for more careful leaders whose concern is not to present political projects as much as to present projects that raise the citizen's standard of living, such as security, a free and dignified life, and developing the education, health, transportation and other facilities sectors."

He added, "The citizen is looking forward to seeing a tangible and real effort towards these aspirations."

He concluded by saying, “What we have seen during these years is honorable and heartwarming, but there is much that needs to be done.

Iraq is approaching an important constitutional entitlement, which is the elections, and we have confidence in the people’s ability to exercise their right peacefully and freely to choose the leaders they see as fulfilling their aspirations and hopes, far from sectarianism and exclusionary projects.

It is time for the citizen to enjoy the wealth of the homeland and the future of his land.” link

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

Tishwash:  Signing the contract for the establishment of the Kirkuk investment refinery

Kirkuk Governor, Rebwar Taha Mustafa, signed a special contract today, Thursday, to establish the Kirkuk Investment Refinery with a production capacity of 70 thousand barrels per day, with the aim of enhancing economic development in the city and contributing to providing new job opportunities for graduates, according to the governorate.

Taha said in a press interview that "signing the contract to establish the Kirkuk investment refinery with a production capacity of 70,000 barrels per day is a great achievement for the Kirkuk local government to support the economy of the province, expressing his thanks to the Prime Minister, Mohammed Shia al-Sudani, and the ministers who voted for this project and supported its implementation, stressing their keenness to serve the city of Kirkuk and Iraq in general."

He added that "the project will be established near the oil facility and the North Gas Company, and has obtained all approvals from the relevant sector departments," stressing "the Kirkuk administration's support for the investing company that will implement the project."

He continued that "Kirkuk Governorate will witness a radical transformation in the oil sector, as it will achieve self-sufficiency in petroleum derivatives, and the project will be implemented using high technologies and specifications, with full consideration of environmental determinants to ensure the safety of society and preserve the environment." link

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

Mot: ... Fair Warning to Ya!!!! 

Mot: .... HARD!!! -- Please!!! 

MilitiaMan & Crew Iraq Dinar News-Cross Border Payments-Iraq Wealth-1300 Companies-Budget Article 12 II C-Sunday

MilitiaMan & Crew Iraq Dinar News-Cross Border Payments-Iraq Wealth-1300 Companies-Budget Article 12 II C-Sunday

1-31-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=lU9ABNxcqMc

Iraq Economic News and Points to Ponder Friday Afternoon 1-31-25

Two Experts For {Al -Sabah}: Cash Reserves For Iraq {Reassuring}
 
Economic 2025/01/30  Baghdad: Shukran Al –Fatlawi  Two economic experts saw that the current monetary reserves owned by Iraq are "reassuring" and are the best compared to previous years.
 
Iraq ranked third in the Arab world with foreign exchange reserves for the year 2024, after both Saudi Arabia and the UAE. Academic Dr. Nabil Al -Marsoumi told Al -Sabah:

“Iraq ranked third in the Arab world in terms of foreign exchange reserves for the year 2024, pointing out that despite the slight decrease in the foreign cash reserves in the Central Bank of Iraq from (109,153) billion dollars in the year 2023 to the year to 2023 to (106.7) billion dollars in the year 2024, according to the data of the Central Bank of Iraq, as a result of the operations of deducting remittances for the Iraqi government,
 
but the financial situation in Iraq is still coherent, and
 
it ranks third after both Saudi Arabia and the UAE, which is the reserve rate in them (499) billion A dollar for Saudi Arabia and (210) billion dollars as a reserve for the Emirates. He added that
 
Currency reserve
 
the country has large cash reserves, which is greater than 100 percent of the size of the exported currency,
 
usually the percentage of a country like Iraq that maintains cash reserves equivalent to between 20 to 40 percent of the size of the currency exported in positive, indicating that
 
the financial situation is reassuring that it exceeded 100 percent
 
Therefore, the cash reserve in the country is very large, pointing to the importance of the matter, as
 
it represents a wall in the face of crises that can happen, even if it is caused by the low price of oil.
 
Deduction
 
And that the central bank can provide a great protection for the Iraqi government if it needs some financial supplies by deducting transfers from government banks, pointing out that  the financial situation in the country is among the most prosperous years in terms of foreign cash reserves.

And that  this contributes to

     reassuring foreign investors and
     providing a safe investment environment and
     maintaining the fixed tie price that Iraq adopts for the dinar against the dollar, pointing out that
 
the monetary stability of any country is a very important goal in attracting and reassuring foreign investors, as well as its work in promoting local investment in particular The central bank has initiatives, especially those related to housing and sustainable development movement initiatives.

Third place
 
Al -Marsoumi stated that Iraq's third place in the Arab world in terms of possessing foreign cash precautions is very important, for economic reasons at the forefront, helping to maintain the value of the local currency at a fixed price, and maintain liquidity to fulfill international financial obligations, as well as financing internal projects and reassuring investors Not to mention the diversification of investment portfolios.
 
Financial stability
 
For his part, the researcher on economic affairs, Imad Al -Mahmoudawi, in Al -Sabah, the
 
cash reserve of any country, considered a source of financial stability, and a repetition of any financial storms that the economy can face, pointing out that it avoids financial pressure and revives sustainable development. He pointed out that the
 
cash precautions are defined as money that can be
 
     kept to face crises and
     meet the needs, without the need to borrow, as well as it
     helps in preparing flexible financial strategies that enable the country to carry out projects with flexibility and confidence,
 
pointing at the same time to the need for multiple sources of income and not to keep On the oil material as an essential source of income to increase precautions and achieve sustainable development that is in the interest of Iraq and its children. It is noteworthy that the
 
monetary reserve is defined as the total deposits and bonds of foreign currencies that central banks and cash authorities in the state are kept,
 
in order to
 
     support the local currency and
     pay the debts owed by the state, and
 
the cash reserve is usually consisted of elements, which are foreign currencies, such as the dollar  the euro, Japanese yen and  other currencies, or what central banks possess of gold. https://alsabaah.iq/109314-.html 

The Legal Needs Of Investment Companies 
 
Economic 28/01/2025    Nebras Aziz   In light of the global economic growth, the  economy has turned into the corner of building and developing society and   turning the economy into the primary and unitary factor in the development of societies and countries, economic progress and the development of development rates has become the legal environment for the basics to make foreign investments supportive to achieving sustainable development.
 
The pursuit of providing the difficult foreign currency to develop giant and important economic projects to strengthen the competition to attract foreign investments and make them among the priorities of many countries, as
 
attracting these investments contribute to improving economic growth, providing job opportunities, and enhancing the technical capabilities of the state.
 
One of the most important factors affecting the attracting foreign investment is the provision of an appropriate legal environment that meets the needs of these companies, as
 
laws and policies that are in line with the global market requirements contribute to enhancing confidence among foreign investors, whether by direct investment or indirect investment of foreign capital.
 
The creation and development of incentives of a legal nature has become one of the most important requirements of states and the policy of governments, including the Iraqi government that seeks to encourage foreign investment for foreign companies, as
 
it is an urgent need when entering a new market to a clear understanding of the legal environment in this country, starting with commercial regulations and tax laws, To the intellectual rights and protecting the rights of investors.
 
The study of legal needs contributes to facilitating commercial processes and reducing the legal risks that companies may face, and perhaps the Iraqi legislator in the influential Iraqi investment law has among many provisions that represent an incentive for foreign companies to enter the Iraqi investment market and seek to encourage this investment, and
 
despite this, Iraqi legislation remains It needs to be reviewed and updated in the light of the amendment and change in the nature of the investment and economic activities characterized by development and progress for its association with a factor of moving and permanent development, which is the economic factor.  

The most prominent legal needs of foreign companies are to focus on encouraging foreign direct investment and allowing the foreign investor to manage the investment project directly and not to interfere in his management style for him on the one hand and granting the decision of the Investment Authority to grant the investment leave the absolute legal argument on all administrative and financial bodies.
 
In the end, the legal environment is a fundamental element in attracting foreign investments, and for this, it is necessary for countries to study and meet the needs of foreign companies by setting a legal framework that encourages companies to invest, and supports the continuity of these investments. https://alsabaah.iq/109159-.html 

Innovation And Economic Development
 
Economic 2025/01/30  Zaki Abdul Razzaq   Between creativity and the strength of will, in light of the rapid development of technology and increased commercial competition, the need for innovation and development shows,
 
by adopting a different approach in work and production after the old curriculum was unable to provide solutions and be with different forms and forms as a new product or advanced technology services and technological processes.
 
Innovation then ... a mighty engine for economic growth.
 
In economics, there is a problem (scarcity),
 
but innovation violates the rules of scarcity as it gives the economy greater production in the same amount of resources available or less of them, and

this is the key to success and creative development that gives us a driving force towards great economic growth, and it returns with great benefits to society.

Within the framework of comprehensive development in the fields of manufacturing and services, the role of innovation is highlighted as a major and important key in
 
     reducing costs,
     increasing productivity and quality,
     reducing waste and
     enhancing the principle of competitiveness in the market, also
 
there is another role that includes engineering development and electronic applications in heavy industries, especially in smart manufacturing, clean energy and 3D printing techniques Outdated control and renewable energy in addition to data analysis to improve operations and make firm decisions.
 
The result here leads to better products and methods of production more effective as in the world of e-commerce, also adds a new value to the materials.
 
For example, computers chips produced from silicon and its source of sand as a result of innovation and development, and this is conclusive evidence that science and technology is indispensable.
 
All the benefits and importance offered must ask a question about the role of innovation and development in economic development in Iraq to remind our country must be within the global innovation index, and that
 
Iraq does not occupy an economical global center, and
 
everyone knows the capabilities of Iraq as it abounds with the natural resources and human resources that are A divine gift,
 
which is the focus of development and must be worked to remove Iraq from the economic recession.
 
It is time to look forward, the responsibility is great and important for all concerned.
 
It requires enhancing the integration between scientific and technological innovation and industrial innovation, and the government must give priority to innovation in its policy.
 
The enlightened government planning is decisive to achieve success.
 
The important thing is to increase investment in scientific research and innovation,
 
all of this in order to build competencies and capabilities in the industrial development sector that leads to promising industrial performance in order to compete globally,
 
in turn leads to 
     increased income,
     creating functions and
     attracting foreign investments and
     achieving distinguished industrial performance,
 
the slogan (made in Iraq) must To possess real and high value by caring for and embracing innovation and providing training and rehabilitation.      https://alsabaah.iq/109315-.html 

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Friday Afternoon 1-31-25

Good Afternoon Dinar Recaps,

Just In The Seventh Asset Manager Seeking To Launch An XRP ETF, Amidst A Surge In ETF Applications.

In a recent development, asset manager Grayscale Investment has filed a 19b-4 form with the NYSE to launch an XRP ETF. The company aims to convert its XRP Trust into an exchange-traded fund (ETF), which will be listed and traded on the NYSE.

“Grayscale Investments has filed with the New York Stock Exchange (NYSE) to offer a spot XRP exchange-traded fund (ETF). This filing aims to convert Grayscale’s existing XRP Trust into an ETF, allowing shares to be listed and traded on the NYSE,” the filing read.

This comes shortly after Grayscale filed for Litecoin and Solana ETFs. Additionally, the company recently introduced its Bitcoin Miners ETF, under the ticker MNRS, which provides exposure to publicly traded Bitcoin mining companies.

It’s a Growing Trend!
By filing for an XRP ETF, Grayscale joins asset managers like Bitwise and WisdomTree in the race to issue an exchange-traded fund. 

This filing makes Grayscale the seventh asset manager to submit a proposal for an XRP ETF, as part of a wave of ETF applications since Donald Trump return to office and Gary Gensler’s exit from the SEC.

XRP Trust’s Strong Performance
Grayscale’s XRP Trust has been performing well this year. In January, the trust saw a 300% increase, according to Nasdaq, driven by speculation that an XRP ETF might launch within the next 12 months.

The momentum behind crypto ETFs is undeniable, and Grayscale has proved it once again.

@ Newshounds News™

Source:  CoinPedia

~~~~~~~~~

PURPOSE INVESTMENTS FILES PRELIMINARY PROSPECTUS FOR THE WORLD'S FIRST RIPPLE XRP EFT

Purpose Investments Inc. ("Purpose"), the leader behind the world’s first Bitcoin ETF and Ether ETFs, is pleased to announce that it is further solidifying its preeminence in the digital asset space with the filing of a preliminary prospectus with Canadian securities regulators for the proposed launch of the Purpose Ripple ETF.

The Purpose Ripple ETF seeks to invest substantially all of its assets in long-term holdings of Ripple (“XRP”) and to provide holders of ETF Units with the opportunity for long-term capital appreciation.

"At Purpose, we remain steadfast in our commitment to innovation and to bridging the gap between traditional and decentralized finance," said Som Seif, founder and CEO of Purpose Investments. 

"As XRP sees increasing adoption and institutional interest, we believe an ETF can offer investors a transparent and familiar way to access it within a regulated framework."

"This launch represents another important step in our efforts to be the leading and most trusted partner for investors in harnessing the benefits of crypto and digital assets by enabling them to understand, access, and confidently invest these assets," added Vlad Tasevski, Chief Innovation Officer. "We remain committed to providing exposure to transformative digital assets and blockchain technologies through regulated investment vehicles."

About Purpose Investments Inc.

Purpose Investments is an asset management company with more than $23 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products.

Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.

@ Newshounds News™

Source:  Purpose Investment

~~~~~~~~~

BRICS: CHINA OIL OUTPUT HITS 400M TONS AMID RECORD GROWTH

For much of last year, the global south has sought to increase its standing in the oil sector. Indeed, that pursuit took another step forward this week, as the BRICS leading economy, China, has seen its oil output reach 400 million tons this year as its record growth continues.

The development continues what has been a tremendous month for the country’s economic standing. At the start of the year, the country announced that its trade surplus had reached a monumental $5 trillion.

Altogether, it positions the nation well as it enters a year in which geopolitical tension with the US and the West is nearing a boiling point.

BRICS Solidify Oil Presence as China Output Continues Upward Trajectory

There is no understating of just how important 2025 is proving to be for the BRICS economic alliance. The collective has been engaged in continued de-dollarization efforts that have now drawn the ire of new US President Donald Trump.

Now, his sights are set on limiting the impact of the global south’s efforts as experts note the US dollar’s days of dominance may be coming to an end.

Throughout the last month, the bloc has sought to continue establishing itself as a key alternative to the West. Now, those efforts may have taken a significant step forward. Indeed, BRICS nation China has seen its oil output hit 400 million tons as record growth continues, according to a recent report.

The country has also noted that its oil output has grown by more than 10 million tons for eight consecutive years. Moreover, last year, oil production surpassed 213 million tons. The tremendous growth is put into perspective when considering it jumped from just 24 million tons just six years ago.

That could be a key aspect of the bloc as it continues to grow. With Saudi Arabia considering its application to join the alliance, I could soon be a leader in the vital sector.

 That could throw a significant wrench into the ongoing geopolitical tensions with the US. Specifically, it would see the pursuit of the global south grow in merit and potential allure to global powers.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

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War, Debt & $15K Gold: The Surprising Forecast | Robert Kiyosaki

War, Debt & $15K Gold: The Surprising Forecast | Robert Kiyosaki

Kitco News:  1-30-2025

Is the S&P 500 on the edge of collapse while silver gears up for a major breakout? Robert Kiyosaki, author of 'Rich Dad, Poor Dad', joins Kitco News to break down the biggest risks facing markets, why “fake money” is fueling inflation, and how gold and silver could be the ultimate safe havens.

With soaring debt, global instability, and central banks losing control, are we about to witness the biggest financial reset in decades?

Kiyosaki shares his boldest predictions on the economy, stocks, and where to put your money before it’s too late.

Key Topics:

-Is the S&P 500 set to collapse?

-What’s driving market instability?

 -Silver’s next move – Why Kiyosaki says it’s about to take off -Gold at $15K? How high could precious metals go in 2025?

-“Fake money crisis”

– Is fiat currency in trouble?

 -Trump’s economic impact

– Will policy shifts trigger a new boom or bust?

 -The best hedges for what’s coming next

00:00 Introduction

 01:11 Market Sentiment and Gresham's Law

01:41 The Impact of Fake Money

02:50 Predictions for Gold, Silver, and Bitcoin

03:06 Political Commentary and Leadership

03:51 The Everything Bubble and Wealth Transfer

 04:31 The Role of Hard Assets

 06:02 Bitcoin and Silver Investment Insights

08:02 The Importance of Real Assets

12:01 Advice for Investors

21:32 Conclusion

https://www.youtube.com/watch?v=KlM-T3KRqfw

The Silver Fuse to the Gold Explosion Feat Bill Holter - LFTV Ep 208

The Silver Fuse to the Gold Explosion Feat Bill Holter - LFTV Ep 208

Kinesis Money:  1-31-2025

In this week’s Live from the Vault, Andrew Maguire is joined by renowned precious metals commentator Bill Holter to discuss how foreign investors pulling back from US treasuries, with the Feds as the sole buyer, is fuelling an unsustainable debt spiral.

Amid escalating political and economic uncertainty, silver’s growing industrial demand, combined with long-standing price suppression, points to a potential revaluation, with any supply disruption prompting investors to shift towards tangible assets.

Timestamps:

00:00 Start

02:22 US hitting the debt ceiling just after Trump's inauguration

04:30 Scott Bessent, the US Treasury Secretary, vows there will be no default on his watch

05:15 In the event of a congressional standoff, investors tend to dump treasury bills

08:10 Do recessions occur when the yield curve uninverts?

 09:50 The Fed faces a stark choice between controlling inflation and prioritising liquidity

 11:30 The Post-Trump inauguration spot-sucking effect

14:00 Silver's potential as the catalyst for a financial system implosion

23:40 Investors holding bullion at unsuitable prices cause a supply deficit

25:45 The recent geopolitical uncertainty only shows how worthless paper contracts are

33:00 Gold under $3000 is a hard buy

35:15 The hidden risk behind Trump’s tariffs.

 39:35 The Fed is the only central bank going long on gold

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

Seeds of Wisdom RV and Economic Updates Friday Morning 1-31-25

Good Morning Dinar Recaps,

XRP NEWS TODAY: RIPPLE’S RLUSD STABLECOIN GOES LIVE IN AMM POOLS

▪️The XRP Ledger has activated the AMMClawback amendment, allowing token issuers to recover tokens even after they've been sent.

▪️This update enables Ripple's RLUSD stablecoin to be used in Automated Market Maker (AMM) pools, increasing its liquidity and accessibility.

▪️The AMMClawback feature enhances regulatory compliance by allowing Ripple to recover tokens involved in illegal activities.

The XRP Ledger has just activated a game-changing update – the AMMClawback amendment. This new feature gives issuers the ability to recover tokens, even after they’ve been sent, offering a level of control never seen before.

But that’s not all. This amendmet also opens the door for Ripple’s stablecoin, RLUSD, to be used in Automated Market Maker (AMM) pools, unlocking a world of new opportunities.

What Issuers Should Know

With the AMMClawback amendment, issuers can now recover tokens that are sent to unintended or illegal recipients. This is particularly important if tokens are linked to illegal activities, as issuers can quickly take back the funds. This feature adds an extra layer of security and control to the XRP ecosystem.

Before this amendment, RLUSD could only be used within centralized exchanges. Now, with RLUSD enabled in AMM pools, Ripple’s stablecoin can be used more widely. This opens up new opportunities for its adoption and liquidity, especially in decentralized finance (DeFi) spaces.

Increasing Liquidity for RLUSD

Experts believe that the XRP/RLUSD pool will significantly increase the liquidity of Ripple’s stablecoin. By allowing RLUSD to be used in decentralized platforms, this update is expected to create more opportunities for growth, helping to strengthen its value and stability.

Ripple’s Focus on Regulatory Compliance

Former Ripple executive Emi Yoshikawa expressed excitement about the development, praising the XRPL community for its continued support. Jack McDonald, another Ripple executive, highlighted the company’s commitment to global financial regulations.

He stated that RLUSD is fully compliant with the highest regulatory standards, ensuring its continued success in the global market.

Experts agree that the new AMMClawback feature aligns with international financial regulations. This update ensures that if RLUSD is linked to fraud, Ripple can quickly take back the tokens, offering more protection for users and investors.

Ripple USD Market Overview

The market cap of Ripple USD stands at $72,339,549. The 24-hour trading volume of RLUSD remains at $58,098,278. The current circulation supply of RLUSD is 72,300,301.

The activation of the AMMClawback amendment marks an important milestone for Ripple and its RLUSD stablecoin. By improving liquidity and ensuring regulatory compliance, this update strengthens Ripple’s position in the financial world. With RLUSD now able to be used in AMM pools, Ripple is opening the door to more growth and providing added security for its users.

Ripple is paving the way for a new era of stability and liquidity in the world of stablecoins.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

LONDON BULLION MARKET LAUNCHES DLT-BASED GOLD BAR INTEGRITY DATABASE

The London Bullion Market Association (LBMA) has gone live with its Gold Bar Integrity (GBI) Database. It standardizes and centralizes data related to the responsible sourcing of the gold, and the country of origin of gold held in London vaults, but the ownership data remains with custodians.

The solution uses the Axedras Bullion Integrity Ledger, a system based on the R3 Corda enterprise blockchain.

The LBMA and World Gold Council first partnered with Swiss startup Axedras in March 2022 with the WGC investing a couple of months later. This was for the LBMA’s broader Gold Bar Integrity Ecosystem, where the database is a single aspect. However, the contract for the GBI database was only awarded last March.

“The GBI Database will initially focus on two crucial datasets: Refiner Data and London Vault Data,” said Ruth Crowell, LBMA CEO. “This means faster, more secure data collection and processing. Beyond this, the platform’s ability to automate risk identification and flag potential issues quickly will play a vital role in enhancing confidence across the market.”

Currently refiners provide responsible sourcing data via email. Now they will upload the data directly to the database, with many already onboarded. London custodians will be required to submit bar-level data for gold and silver bars.

The system works by creating digital twins, not only for gold bars but also for gold grains and semi finished products. This is used to create provenance for the gold supply chain.

Gold tokenization

However, these digital twins for the finished product can also support tokenization which could reduce settlement risks and enable vaulted gold to be easily used as tokenized collateral to meet margin requirements at clearing houses.

The World Gold Council participated in such a pilot last year. There have been several gold tokenization initiatives targeting consumers. But last year HSBC tokenized its vaulted gold.

Turning back to Axedras, a key feature of its permissioned blockchain, is it only enables confidential data to be available to those that have the right to see it. This contrasts with encryption solutions where someone might hold a copy of the data but not have the key to be able to view it. With Corda, an unauthorized person does not have the data at all.

@ Newshounds News™

Source:  Ledger Insights

~~~~~~~~~

THIS IS THE REASON WHY HBAR HOLDERS ARE ABOUT TO GET RICH IN 2025

@ Newshounds News™

Source:  NCashOfficial - Daily Crypto & Finance News

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Q & A Classroom Link  

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Follow the Timeline 

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Subscribe to Seeds of Wisdom Team™ Newsletter

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