Seeds of Wisdom RV and Economic Updates Tuesday Evening 3-18-25

Good Evening Dinar Recaps,

SEC COULD AXE PROPOSED BIDEN-ERA CRYPTO CUSTODY RULE, SAYS ACTING CHIEF

Acting SEC chair Mark Uyeda said he’s asked his staff to look at possibly withdrawing a proposed crypto custody rule for investment advisers.

The US Securities and Exchange Commission could change or scrap a rule proposed under the Biden administration that would tighten crypto custody standards for investment advisers, according to the agency’s acting chair, Mark Uyeda.

In prepared remarks to an investment industry conference in San Diego on March 17, Uyeda said the rule proposed in February 2023 had seen commenters express “significant concern” over its “broad scope.”

“Given such concern, there may be significant challenges to proceeding with the original proposal. As such, I have asked the SEC staff to work closely with the crypto task force to consider appropriate alternatives, including its withdrawal,” Uyeda said.

The rule was floated under the Biden administration during Gary Gensler’s tenure leading the regulator. It aimed to expand custody rules for investment advisers to any and all assets held for a client, including crypto, and upped the requirements to protect them.

This meant that investment advisers would have to custody their clients’ crypto with a qualified custodian. Gensler said at the time that investment advisers “cannot rely on” crypto platforms as qualified custodians due to how they operate.

The proposal caused friction with Uyeda and Commissioner Hester Peirce, along with industry advocacy bodies who claimed the rule was unlawful and dangerous.

“How could an adviser seeking to comply with this rule possibly invest client funds in crypto assets after reading this release?” Uyeda remarked at the time. He did, however, support the proposal despite disagreeing “with a number of provisions.”

Peirce, who was the sole commissioner of the five to vote against the rule, said at the time that the proposed rule “would expand the reach of the custody requirements to crypto assets while likely shrinking the ranks of qualified crypto custodians.”

Uyeda’s latest remarks come days after he said on March 10 that he had asked SEC staff “for options on abandoning” part of a proposal pushing for some crypto firms to register with the regulator as exchanges.

The Trump-era SEC has also killed a rule that asked financial firms holding crypto to record them as liabilities on their balance sheets, called SAB 121.

In December, President Donald Trump picked former SEC Commissioner Paul Atkins to take over from Uyeda to chair the agency. This is now a step closer, with a Senate hearing reportedly slated for March 27.

@ Newshounds News™
Source:  Cointelegraph

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BITCOIN AND NASDAQ SLUMP WHILE GOLD HITS NEW HIGHS – MARKET TRENDS TO WATCH

▪️US stock indices (Nasdaq) have declined in early 2025, mirroring a drop in Bitcoin's value.

▪️Gold has surged, and Peter Schiff predicts further Nasdaq declines will drive Bitcoin down significantly, while gold rises.

▪️Schiff argues gold is a safer hedge than Bitcoin during market instability, predicting a major Bitcoin crash and gold surge.

Since the start of 2025, the Nasdaq Composite Index has dropped by 8.21 percent, while the Nasdaq 100 Index has fallen by 6.16 percent. Bitcoin hasn’t fared any better, sliding 11.25 percent. Meanwhile, gold is on a steady rise, gaining at least 15.1 percent.

With uncertainty gripping the markets, investors are scrambling for safe-haven assets. Gold advocate Peter Schiff believes this is just the beginning. He warns that if the Nasdaq enters a bear market, Bitcoin could plunge to 65,000 dollars—or even as low as 20,000 dollars. At the same time, he predicts gold could soar past 3,800 dollars as investors move away from riskier bets.

Let’s take a closer look.

Bitcoin Faces Growing Pressure

Over the past 30 days, Bitcoin has fallen by about 14.3 percent, including a 0.5 percent drop in just the last 24 hours.

Bitcoin skeptic Schiff warns that if the Nasdaq falls 20%, Bitcoin could drop to $65,000. He also points out that a deeper stock market crisis could pull the BTC price to a low of $20,000 or even lower.

Schiff sees similarities between today’s market and past financial downturns.

Could History Repeat Itself?

Schiff compares the current market to previous major crashes in the United States:

▪️In 2008, during the Global Financial Crisis, the Nasdaq fell 55 percent.

▪️During the COVID crash of 2020, it dropped by 30 percent.

▪️When the dot-com bubble burst, the market collapsed by 80 percent.

Based on these past trends, Schiff argues that Bitcoin is at risk of following the stock market downward.

Gold is Gaining Strength

At the start of this year, the gold spot price was $2,623.954. Since then, the gold market has registered a rise of no fewer than 15.1%.

Schiff notes that there is an inverse relationship between the US market and the gold market.

He forecasts that if the Nasdaq drops further, the price of gold could reach as high as $3,800 per ounce.

Bitcoin vs Gold: Which is the Better Hedge?

Schiff remains firm in his belief that Bitcoin is not a reliable hedge against stock market instability. If gold keeps rising while Bitcoin struggles, he believes many investors will turn away from Bitcoin in favor of gold.

He also warns that major institutional investors—including governments, ETFs, and companies like Strategy – may start reducing their Bitcoin holdings if its price continues to drop.

Will Gold Finally Outperform Bitcoin in 2025?

In conclusion, Schiff maintains that Bitcoin is headed for a major crash, while gold is poised to surge. While the crypto market has defied pessimistic predictions before, Schiff remains firm in his belief that gold will outperform Bitcoin in the long run.

Notably, in 2024, the gold market recorded a growth of just 27.21%, while the BTC market registered a rise of at least 121.28%.

History favors gold, but Bitcoin has rewritten the rules before. This showdown isn’t ending anytime soon.

@ Newshounds News™
Source:  Coinpedia

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Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 3-18-25

Good Afternoon Dinar Recaps,

RIPPLE’S NEW TRADEMARK FILING SPARKS SPECULATION ON UPCOMING CRYPTO WALLET

▪️Ripple's "Ripple Custody" trademark hints at new crypto asset storage and management services for institutions.

▪️With the crypto custody market set to hit $100B, Ripple’s move could expand its influence beyond payments into secure asset management.

Ripple Labs, the blockchain company behind the XRP token, has officially filed for a new trademark for the word mark ‘Ripple Custody.’ 

The filing, submitted on February 25, 2025, with the United States Patent and Trademark Office (USPTO), includes a broad range of services. Ripple seeks to offer downloadable software for the custody, transmission, and storage of various currencies, including cryptocurrency, fiat currency, virtual currency, and digital currency. The trademark also covers financial services related to the safekeeping of these assets for financial management purposes.

Expanding into Crypto Custody Services

Ripple’s application includes offerings in multiple categories, including:

▪️Downloadable software for custody and transmission of various digital currencies.

▪️Custodial services, maintaining the storage and possession of digital and fiat currencies for financial management.

▪️Peer-to-peer network services, enabling the electronic transmission of financial data over networks for custody and storage.

▪️Software as a Service (SaaS), providing temporary online software for cryptocurrency custody, transmission, and storage.

Ripple’s recent trademark filing for “Ripple Custody” has sparked speculation about whether the company will launch a crypto wallet.

The filing shows that Ripple is focused on offering secure storage and management for digital assets. While it doesn’t directly mention a wallet, this move suggests Ripple may expand its services to include wallet features in the future, helping users and businesses manage their cryptocurrencies more securely.

The application is currently in its early stages, with a status of “New Application” and no examiner yet assigned. While the filing process can take several months, Ripple’s move into custody services could further bolster its position within the crypto ecosystem, expanding its reach beyond cross-border payments to secure asset management solutions.

Growing Market for Secure Digital Asset Custody

The global cryptocurrency custody market is expected to surge to $100 billion within the next decade, driven by growing institutional adoption and increasing regulatory clarity.

As the demand for secure asset storage solutions rises, Ripple’s strategic moves to expand in this space position the company well to meet the needs of institutional clients, who require secure custody services for their digital assets.

@ Newshounds News™
Source:  Coinpedia

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US HEADING FOR ‘FUTURE UPHEAVAL’ DUE TO ITS EMBRACE OF CRYPTO, SAYS ECB GOVERNING COUNCIL MEMBER: REPORT

The Trump Administration’s embrace of crypto is reportedly putting international financial stability at risk, says Francois Villeroy de Galhau, a member of the European Central Bank’s (ECB) Governing Council.

Villeroy de Galhau tells the French news outlet La Tribune Dimanche that the US “risks sinning through negligence,” according to Bloomberg.

“Financial crises often originate in the United States and spread to the rest of the world. By encouraging crypto-assets and non-bank finance, the American administration is sowing the seeds of future upheavals.”

The ECB official, who serves as governor of France’s central bank, also argues that Europe isn’t at risk of a banking crisis because the European Union (EU) is doing a superior job of supervising crypto.

The ECB has also been pushing for a digital euro to counter US President Donald Trump’s embrace of dollar-pegged private sector stablecoins.

ECB board member Piero Cipollone said at a conference in January that Trump’s new executive order on crypto could drive people away from banks.

“I guess the key word here (in Trump’s executive order) is worldwide. This solution, you all know, further disintermediates banks as they lose fees, they lose clients… That’s why we need a digital euro.”

However, vocal opposition to the ECB’s digital euro project swelled after the institution’s payment system crashed last month.

TARGET2 (T2), the ECB’s real-time gross settlement system, went down in late February, which prevented payments from being processed for several hours.

German MP Markus Ferber, a member of the European People’s Party, says the outage was “a blow to the ECB’s credibility.”

“People will ask legitimate questions how the ECB will be able to run a digital euro when they cannot even keep their day-to-day operations running smoothly.”

@ Newshounds News™
Source:  DailyHodl

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$25,000 or $50,000 or $55,000? The Big Gold Revaluation Will SHOCK the Entire World - Mario Innecco

$25,000 or $50,000 or $55,000? The Big Gold Revaluation Will SHOCK the Entire World - Mario Innecco

Money Sense:  3-18-2025

A revaluation would benefit the government by increasing the book value of its gold reserves, allowing it to expand its balance sheet, borrow more, and manage debt more effectively.

Additionally, it could incentivize increased mining production and boost gold imports. However, this move would weaken the U.S. dollar, as gold is priced in national currencies.

 Mario Innecco, a senior analyst, suggests that a significant revaluation of the statutory gold price could drive market prices as high as $50,000 per ounce. However, such an extreme adjustment could devalue foreign-held U.S. assets, potentially leading to economic tensions or conflict.

 Currently, the value of U.S. gold reserves accounts for only about 2% of outstanding Treasuries, a stark contrast to historical figures of approximately 17% in the 1970s and nearly 40% in the 1940s.

Tavi Costa highlights that if the gold reserves were valued at 17% of outstanding Treasuries, gold would need to reach approximately $25,000 per ounce. If the ratio returns to 40%, gold could approach $55,000 per ounce.

While these figures are not direct price targets, they illustrate the potential for a significant gold valuation shift. Innceo explains that while no official decision has been made, potential legislation could increase fiat currency supply and higher inflation, likely driving gold prices up as investors seek safety against a declining dollar.

Recent economic data shows the U.S. dollar falling to 103.6, nearing five-month lows amid concerns about slow growth and trade uncertainties. February retail sales rose only 0.2%, below the expected 0.6%, following a revised 1.2% decline in January.

In this environment, gold has struggled to gain traction, trading just below all-time highs after briefly surpassing $3,000. The outlook appears bullish as inflationary pressures and economic uncertainties drive demand for safe-haven assets.

Mario Innecco suggests that the proposed Bitcoin Strategic Reserve Bill may cover significant changes related to gold, particularly in managing gold certificates held by the Federal Reserve. There is growing speculation that such a bill could be used to facilitate broader shifts in the U.S. financial system, potentially altering the role of gold and introducing new mechanisms for valuation.

 One of the most ambitious proposals comes from Senator Cynthia Lummis, who suggested that the U.S. Treasury could swap some of its gold reserves for Bitcoin.

 The United States holds approximately 8,100 tons of gold in its vaults, making it one of the largest gold holders globally.

 If even a tiny fraction of these reserves were sold and converted into Bitcoin, the U.S. could amass a Bitcoin reserve of around one million coins—roughly 5% of the total Bitcoin supply that will ever exist.

This idea is notable because a gold-for-bitcoin swap could be done without affecting gold's official "book value" on the Treasury’s balance sheet. The Treasury values its gold at $42.2222 per ounce, a figure set in 1973 and never updated, resulting in a valuation of about $11 billion.

 This is far below the current market price of around $2,900 per ounce. Revaluing its gold holdings could significantly enhance perceived value and create financial flexibility for alternative assets like Bitcoin.

https://www.youtube.com/watch?v=5-lA5RzfVEU

Seeds of Wisdom RV and Economic Updates Tuesday Morning 3-18-25

Good Morning Dinar Recaps,

WILL PAUL ATKINS LEAD THE SEC? SENATE PREPS FOR HIGH-STAKES CONFIRMATION HEARING

▪️Paul Atkins' SEC confirmation faces delays due to financial disclosure issues linked to family.

▪️Senate Banking Chair Tim Scott schedules March 27 hearing to review Atkins’ nomination process.

▪️If confirmed, Atkins may take a crypto-friendly approach, unlike former SEC Chair Gensler.

Paul Atkins, President Donald Trump’s pick for U.S. Securities and Exchange Commission (SEC) chair, is finally moving closer to confirmation after months of delays. The Senate has now set a crucial hearing for March 27 – one that could determine the future of financial and crypto regulations in the U.S.

His nomination hasn’t been smooth sailing. But with momentum building, is he about to take the top job at the SEC? Here’s what you need to know.

Delays and Challenges in Atkins’ Confirmation

Atkins was nominated on December 4, but his confirmation has been delayed due to financial disclosure concerns. The Senate is closely reviewing his financial ties, particularly those linked to his wife’s billionaire family.

His wife’s family is associated with TAMKO Building Products LLC, a major roofing company that generated $1.2 billion in revenue in 2023. Because of these connections, Atkins’ financial holdings are complex and require careful scrutiny before he can be confirmed.

Senate Banking Committee Takes Action

Despite these challenges, Atkins is still expected to secure the position. Senate Banking Chair Tim Scott has scheduled a committee hearing on March 27 to move his nomination forward. Ahead of this, the Senate Banking Committee will hold a bipartisan meeting this Friday to discuss his potential role.

What This Means for Crypto Regulation

If confirmed, Atkins could bring a different approach to crypto regulation. Unlike former SEC Chair Gary Gensler, who was tough on the industry, Atkins is seen as more open to working with crypto firms.

With past experience as an SEC commissioner from 2002 to 2008 and a background as a corporate lawyer, Atkins is known for favoring clearer and fairer financial regulations. Many in the crypto industry hope his leadership will offer more stability and transparency.

Confirmation Process Finally Moving Forward

Atkins has been waiting nearly four months since his nomination—delays that are not unusual for SEC appointments. Both Gary Gensler and Jay Clayton also faced long waits before officially taking office.

If confirmed, Atkins could bring a fresh perspective to the SEC—one that could shake up crypto rules and financial oversight. Either way, all eyes are on March 27.

@ Newshounds News™

Source:  Coinpedia

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SWISS CANTONAL BANK STARTS OFFERING CARDANO AND AVALANCHE TO MEET INCREASED DEMAND

Swiss bank Zuger Kantonalbank has added Cardano and Avalanche to its cryptocurrency offering through a partnership with crypto-focused bank Sygnum.

Zuger Kantonalbank, a Swiss universal bank, has expanded its cryptocurrency offerings to include Cardano Avalanche through a partnership with crypto-focused Swiss bank Sygnum.

In a blog announcement on March 17, Sygnum said the expansion was driven by “increased customer demand” amid what it described as growing regulatory clarity in the U.S. and E.U., as well as the establishment of a U.S. Strategic Bitcoin Reserve. 

The bank’s fiat-to-crypto transactions are facilitated through Sygnum’s gateway, while Zuger Kantonalbank customers can access the service via e-banking and its mobile app.

Jan Damrau, head of corporate management and member of the Zuger Kantonalbank executive board, says the addition of ADA and AVAX enables the bank’s clients to “further develop their crypto portfolios conveniently with their principal bank – at a time when digital assets are approaching a global inflection point in terms of adoption.”

“The latest expansion of Zuger Kantonalbank’s token universe illustrates the strong demand for additional tokens with diverse use-cases to complement major protocols like Bitcoin and Ethereum.”  Fritz Jost, Sygnum Bank chief B2B officer.

In early January, Sygnum raised $58 million in its Strategic Growth Round, pushing its value to over $1 billion and making it a “unicorn.” The funding round was oversubscribed, with Fulgur Ventures, a Bitcoin-focused venture capital firm, as the cornerstone investor. New and existing investors, along with Sygnum team members, also participated in the funding.

@ Newshounds News™

Source:  Crypto News

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Seeds of Wisdom RV and Economic Updates Monday Evening 3-17-25

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ACTING SEC CHAIR UYEDA DIRECTS STAFF TO REEXAMINE PROPOSED CRYPTO CUSTODY RULE

▪️The custody rule, proposed under the former Biden administration and when Gary Gensler led the agency, would expand the current custody rule to include any client assets that an adviser has custody over.

▪️Acting Chair Uyeda’s move to revisit the rule marks the second time this month that the acting chair has asked the SEC staff to reconsider its rules.

The U.S. Securities and Exchange Commission is considering walking back a proposal to tighten cryptocurrency custody requirements, marking the acting chair's latest move under the Trump administration.

SEC Acting Chair Mark Uyeda said commenters had significant concerns over a rule proposed in February 2023 that would require registered investment advisers to keep crypto with a qualified custodian and require those custodians to abide by certain requirements.

"Given such concern, there may be significant challenges to proceeding with the original proposal," Uyeda said on Monday at the Investment Company Institute's 2025 Investment Management Conference in San Diego. "As such, I have asked the SEC staff to work closely with the crypto task force to consider appropriate alternatives."

Uyeda's speech on Monday primarily focused on the SEC's rulemaking process, including potentially withdrawing or re-proposing rules or delaying compliance dates.

The custody rule, proposed under the former Biden administration when Gary Gensler led the agency, would expand the current custody rule to include any client assets that an adviser has custody over and would also add more protections to those assets.

Registered investment advisers are subject to a custody rule, which requires them to maintain those assets with a qualified custodian, such as a bank or broker-dealer.

The rule would extend those standards to the crypto industry, raising concerns about whether that would further limit the number of banks willing to do business with the sector.

Congressional Republicans, crypto firms and traditional finance companies pushed back against the rule when it was proposed. A coalition of bank and financial industry associations, including the American Bankers Association, said at the time that the proposal "could have a material impact on their business."

Uyeda's move to revisit the rule marks the second time this month that the acting chair has asked the SEC staff to reconsider its rules. Last week, Uyeda said he directed the agency's staff to review a proposed rule change that would expand the definition of an "exchange" in a way that could potentially loop in decentralized crypto projects.

Both actions signal a change in course for the SEC under the new Trump administration. During the previous Biden administration, former Chair Gensler said most cryptocurrencies besides bitcoin were securities.

Since the Trump administration's arrival, the SEC has rapidly changed direction on several key crypto policies. In a matter of just a few weeks, it has:

▪️Rescinded controversial crypto accounting guidance
▪️Dropped enforcement actions against major crypto industry players
▪️Created a crypto task force
▪️Issued a statement on memecoins.

The crypto task force's first roundtable to discuss "defining security status" is on Friday. 

@ Newshounds News™
Source:  The Block

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PAKISTAN CRYPTO COUNCIL LAUNCHES TO REGULATE DIGITAL ASSETS

The newly established Pakistan Crypto Council aims to integrate blockchain technology and digital assets into the country’s financial system through clear regulations and innovation-driven policies.

Finance Minister Muhammad Aurangzeb, serving as Chair, emphasized the government’s dedication to fostering a secure and progressive crypto ecosystem.

The initiative reflects Pakistan’s proactive stance on positioning itself as a global player in digital finance while ensuring investor protection and financial stability.

With collaboration between policymakers, regulatory authorities, and industry leaders, the council seeks to create a structured framework for crypto adoption.

Launched in Islamabad, the council will focus on regulatory clarity, stakeholder engagement, and fostering a compliant environment for businesses and investors.

The government-backed initiative is designed to support Pakistan’s economic growth by leveraging blockchain and cryptocurrency advancements.

Aurangzeb highlighted the council’s role in balancing innovation with regulation, ensuring a responsible approach to digital asset integration in the financial sector.

@ Newshounds News™
Source:  BitcoinNews

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Monday Afternoon 3-17-25

Good Afternoon Dinar Recaps,

CARDANO AND BITCOIN INTEGRATION: A NEW FRONTIER FOR BLOCKCHAIN SYNERGY

In a crypto landscape where Bitcoin frequently tops $100K and commands a $1.3 trillion market cap, Cardano (ADA) is carving a transformative path through its integration with Bitcoin.

Announced in October 2024, this integration, powered by the BitcoinOS (BOS) Grail Bridge, uses zero-knowledge cryptography to connect two of the most prominent blockchains.

This initiative aims to unlock Bitcoin’s vast liquidity for Cardano’s decentralized finance (DeFi) ecosystem, placing Cardano as a leader in cross-chain innovation. Both blockchains benefit from the strengths of each and this synergy makes it possible to do more in crypto.

How Both Blockchains Benefit

Cardano’s BTC integration creates a symbiotic relationship, enhancing the strengths of both Bitcoin and Cardano through technical ingenuity and strategic alignment.

Cardano’s Gains

Cardano taps into Bitcoin’s unparalleled liquidity—over $1.3 trillion as of early 2025—via the BOS Grail Bridge. This bridge uses the BitSNARK protocol, a zero-knowledge proof system, to enable trustless, secure transfers of BTC onto Cardano’s smart contract platform. In short, BitSNARK makes sure your Bitcoin transfers to Cardano remain private, secure, and reliable.

Unlike traditional bridges requiring off-chain custody, the Grail Bridge keeps Bitcoin on its native chain while allowing it to interact with Cardano’s extended UTXO (eUTxO) model. This model is Cardano’s way of handling transactions, where each transaction spends outputs from previous ones—like paying with exact cash and getting change—allowing safer, clearer, and more predictable blockchain interactions.

This opens doors to DeFi applications like lending and yield farming, powered by Cardano’s Ouroboros proof-of-stake consensus, which processes transactions with lower energy costs than Bitcoin’s proof-of-work.

Upcoming upgrades like Leios further boost scalability, preparing Cardano for a surge in BTC-driven activity.

ADA Spotlight: Sundial

Sundial, a Layer 2 solution bridging Cardano and Bitcoin, launched in late 2024 to unlock Bitcoin’s $1.3 trillion liquidity for Cardano’s DeFi ecosystem. Built on Cardano’s secure eUTxO model and Ouroboros consensus, Sundial processes transactions off-chain for increased speed, lower costs, and scalability.

“This partnership brings together Bitcoin’s security and Cardano’s flexibility, creating new opportunities for DeFi and real-world use. Our L2 will bridge these ecosystems, making transactions faster, more scalable, and more efficient.” stated Sundial founder Sheldon Hunt.

In partnership with Tesseract, Sundial protocol aims to handle thousands of transactions per second, integrating Bitcoin seamlessly and securely into Cardano’s rapidly growing ecosystem of 1,370+ projects.

By enabling Bitcoin-backed lending and trading, Sundial positions Cardano as a major DeFi hub for institutional users, potentially pushing ADA above $3 by late 2025 and reinforcing Cardano’s role as a leading interoperable blockchain.

Bitcoin’s Advantages on Cardano

For Bitcoin, this integration opens the prospect of smart contract functionality without altering its core protocol.

The BOS Grail Bridge enables BTC holders to engage in DeFi on Cardano—like decentralized exchanges or collateralized loans—while preserving Bitcoin’s security and simplicity. This doesn’t compromise Bitcoin’s foundational design but extends its utility beyond a store of value.

The BitSNARK protocol ensures privacy-preserving smart contracts, maintaining Bitcoin’s ethos of decentralization. With Cardano handling over 100 million transactions to date and hosting 1370+ Web3 projects, Bitcoin unlocks a partner chain to explore new use cases.

Top Benefits for Cardano Users Today

Cardano users are already reaping rewards from this integration, with practical enhancements boosting accessibility and utility.

▪️Enhanced DeFi Access

Bitcoin’s liquidity flowing into Cardano means users can now stake BTC in DeFi protocols, earn yields, or use it as collateral—all secured by zero-knowledge cryptography.

This expands Cardano’s 1300+ project ecosystem, which includes decentralized applications (dApps) built on its Plutus smart contract platform.

▪️Babel Fees Simplify Interaction

Cardano’s unique Babel Fees system lets users pay transaction fees in BTC instead of ADA, which is great for Bitcoin holders. This removes the need to acquire ADA upfront, lowering entry barriers and streamlining cross-chain participation.

Imagine a BTC holder joining a Cardano liquidity pool without swapping assets—Babel Fees make it seamless.

▪️Scalability in Action

With Leios on the horizon and Ouroboros already delivering high throughput, Cardano handles increased DeFi traffic efficiently. Users benefit from lower costs—often fractions of a cent per transaction—compared to Ethereum’s gas fees, making BTC-based DeFi on Cardano both practical and affordable. Sundial’s L2 bridging hints at even faster, cheaper transactions, though it’s still emerging.

▪️Community Governance

Cardano’s decentralized governance, rooted in its Voltaire phase, empowers users to shape the ecosystem. Bitcoin’s integration amplifies this, drawing in a broader community to vote on upgrades via on-chain mechanisms. This participatory model, paired with regulatory engagement in Washington D.C., builds trust among users and institutions alike.

In short, Cardano users gain a richer, more accessible DeFi landscape, fueled by Bitcoin’s scale and secured by cutting-edge tech.

Future Vision: Bitcoin and Cardano in Harmony

The ultimate goal of this integration transcends price speculation—it’s about making Bitcoin even more expansive in the multichain era of crypto. By merging Bitcoin’s liquidity with Cardano’s smart contract abilities, the duo makes for a better experience especially if you’re a Bitcoiner. You get to drive financial innovation on BTC on an unprecedented scale.

Picture a future where Bitcoin powers decentralized lending platforms on Cardano, or where BTC-backed stablecoins thrive across multichain ecosystems—all without centralized intermediaries.

Sundial and other L2’s integrated with BTC & ADA could accelerate this by enhancing scalability, potentially handling thousands of transactions per second. Cardano’s research-driven approach, with over 200 academic papers behind it, ensures this vision is grounded in rigor, not hype.

Bitcoin trusts Cardano to grow the network, and that is proof enough of Cardano’s firepower in the coming crypto cycles.

Analysts like Michaël van de Poppe see ADA hitting $3 short-term, with $10 possible by year-end 2025 if adoption surges. Yet there are still some challenges: Bitcoin’s conservative base needs convincing, and technical hurdles in cross-chain architecture persist.

But if realized, Cardano becomes Bitcoin’s smart contract layer, unlocking $1.3 trillion in value for DeFi while reinforcing Cardano’s role as a sustainable, scalable blockchain. This is about a symbiotic leap forward in crypto, blending Bitcoin’s dominance with Cardano’s innovation to reshape finance for millions.

@ Newshounds News™
Source:  Bitcoin News

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HOW NORTH KOREA’S $1.14B BITCOIN STASH COULD THREATEN THE CRYPTO MARKET

▪️North Korea has amassed a significant Bitcoin reserve through cybercrime, posing a potential market risk due to possible large-scale sales.

▪️The U.S. has established a large, legitimate Bitcoin reserve, contrasting with North Korea's illicit accumulation.

▪️North Korea's use of Bitcoin raises concerns about market stability.

North Korea has quietly built one of the largest government-held Bitcoin reserves, surpassing even crypto-friendly nations like El Salvador and Bhutan. This has raised concerns in the crypto community, as a sudden sell-off from North Korea could shake the market, causing a liquidity crisis and a major price drop.

What happens if they decide to sell off their holdings? Could this trigger a massive market crash? And more importantly, is this part of a bigger geopolitical game?

Here’s a closer look at how North Korea built its Bitcoin empire – and why the world should be paying attention.

Are Heists Fueling North Korea’s Bitcoin Growth?

North Korea’s rise as a major Bitcoin holder follows a large-scale cyber heist by the Lazarus Group, a state-backed hacking syndicate. On February 21, 2025, the group stole over $1.4 billion in cryptocurrency from Bybit, a well-known exchange.

Much of the stolen funds, originally in Ethereum, were later converted into Bitcoin, increasing North Korea’s total holdings to 13,562 BTC—now valued at more than $1.14 billion.

The US Takes a Different Approach

While North Korea has acquired Bitcoin through cyberattacks, the United States has opted for a structured approach. On March 6, 2025, President Donald Trump signed an executive order creating the Strategic Bitcoin Reserve (SBR). With 198,109 BTC, worth around $16.71 billion, the US now holds the world’s largest government-owned Bitcoin supply.

How Other Countries Compare in Bitcoin Holdings

According to Arkham data, several governments now hold significant amounts of Bitcoin:

▪️The United Kingdom has 61,245 BTC ($5.17 billion), mostly seized from criminal activity.
▪️Bhutan holds 10,635 BTC ($897.6 million) through its state investment arm, Druk Holdings.
▪️El Salvador, the first country to adopt Bitcoin as legal tender, has 6,117 BTC ($516.11 million).

Is Kim Jong Un Making a Strategic Bitcoin Move?

The timing of North Korea’s Bitcoin buildup, just as the US launched its Strategic Bitcoin Reserve, has raised speculation. Some analysts believe Kim Jong Un is using stolen Bitcoin to create a shadow reserve, helping North Korea bypass financial restrictions and fund operations without relying on traditional banking systems.

Bitcoin’s decentralized nature makes it a valuable asset for North Korea, which has been cut off from the global financial system due to international sanctions. Unlike traditional reserves such as gold or foreign currency, Bitcoin allows the country to move wealth and conduct transactions without oversight from global financial authorities.

Crypto Community Is Not Taking It Well

While the US sees its Bitcoin reserve as a financial strategy, North Korea’s growing stash appears to be part of a broader geopolitical game. This marks a shift where digital assets are becoming tools of economic and political influence.

The crypto community is increasingly worried about North Korea’s Bitcoin strategy.

Bitcoin is no longer just a currency; it’s a weapon, a shield, and a statement of power.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Monday Morning 3-17-25

KEY US ECONOMIC EVENTS THIS WEEK: HOW MARKETS AND CRYPTO MAY REACT

▪Key US economic indicators this week, including retail sales, housing starts, and jobless claims, will provide signals about the economy.

▪The Federal Reserve's interest rate decision, expected to remain unchanged, will be closely watched for future policy hints.

▪Multiple indexes released on Thursday, including Existing Home Sales and the Fed Manufacturing Index, are forecast to decline.

This week, several key economic events in the US could shape market trends and investor sentiment. From retail sales and housing data to jobless claims and the Federal Reserve’s interest rate decision, these reports will offer crucial insights into the state of the economy.

Why does this matter? Because shifts in economic indicators don’t just affect traditional markets – they impact crypto too! A strong economy could fuel investor confidence, while signs of slowdown might trigger uncertainty.

Prime US Economic Events This Week

US Retail Sales Index – Monday

The US Retail Sales Index, set for release on Monday, measures the total sales of retail goods and services over a month.

In January, it dropped from 0.7% to -0.9%. The consensus expects that it would rise from -0.9% to 0.7%. According to TEForecast, the index would climb to 0.5%.

An increase in retail sales usually signals a strong economy, boosting investor confidence and encouraging riskier investments like cryptocurrencies. However, if consumer spending is too strong, the Federal Reserve may take a stricter stance on interest rates, which could negatively impact the crypto market.

US Housing Starts Index – Tuesday

The Housing Starts Index, coming out on Tuesday, tracks the number of new residential construction projects that begin each month.

In January, the index fell from 1.515 million to 1.366 million. The consensus forecast predicts a slight increase to 1.375 million, while TEForecast expects a further decline to 1.34 million.

A rise in housing starts signals economic growth and can boost investor confidence. However, if construction activity increases too much, it may push interest rates higher, making borrowing more expensive and potentially slowing down crypto investments.

US Initial Jobless Claims – Thursday

The Initial Jobless Claims report, scheduled for Thursday, tracks the number of people filing for unemployment benefits for the first time.

In the second week of March, it slipped from 222K to 220K. The consensus estimates that it would grow sharply from 220K to 224K. As per TEForecasts, it would reach as high as 225K.

Higher jobless claims indicate economic weakness, which can lower investor confidence. However, a weakening labor market may also delay interest rate hikes, which could support crypto prices in the short term.

US Existing Home Sales – Thursday

The Existing Home Sales Index, also releasing on Thursday, measures the number of homes sold where the mortgage has been finalized.

In January, home sales fell from 4.29 million to 4.08 million. Analysts expect another drop to 3.92 million.

A drop in US existing home sales signals economic slowdown. It may also suggest lower consumer spending. This could affect crypto market sentiment adversely.

Philadelphia Fed Manufacturing Index – Thursday

The Philadelphia Fed Manufacturing Index, based on a survey of manufacturers in the Third Federal Reserve District, is set for release on Thursday.

In February, the index dropped from 44.3 points to 18.1 points. Analysts expect it to fall further to 12.1 points, while TEForecast predicts a decline to 11 points.

A shrinking manufacturing index indicates economic contraction and could lead to a more cautious market, affecting investment in both traditional and digital assets.

Federal Reserve Interest Rate Decision – Wednesday

The Federal Open Market Committee (FOMC) will meet on Tuesday, with its decision on interest rates expected on Wednesday.

Most experts believe the Federal Reserve will keep rates unchanged for now. Recently, Fed Chair Jerome Powell  suggested that the central bank is taking a cautious “wait-and-see” approach, as many economic factors remain uncertain.

@ Newshounds News™
Source:  Coinpedia

~~~~~~~~~

SOUTH KOREA'S CENTRAL BANK RULES OUT BITCOIN RESERVE POSSIBILITY: REPORT

▪The Bank of Korea said it has not considered the option of creating a bitcoin reserve.

▪The central bank cited bitcoin’s volatility and IMF guidelines as the reasons for its decision not to review.

The Bank of Korea (BOK) stated Sunday that it has not considered the possibility of incorporating bitcoin into its foreign exchange reserve, in an answer to a written query from a member of the National Assembly's Strategy and Finance Committee.

The BOK cited bitcoin's high volatility as a primary reason for its negative stance on accruing the cryptocurrency, the Korea Economic Daily reported.

The central bank expressed concern that volatility in the cryptocurrency market could lead to a significant surge in transaction costs when cashing out bitcoin, according to the news report.

Bitcoin also does not comply with the International Monetary Fund's guidelines for foreign exchange reserve management, the BOK said. The IMF states in its guidelines that a foreign exchange reserve must control liquidity, market and credit risks "in a prudent manner."

On March 6, U.S. President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve, based on the BTC the government seized from criminal or civil proceeding

While Trump's move prompted several countries to positively consider creating their own bitcoin reserves, the South Korean central bank has cited skeptical views shared by Japan, Switzerland and the European Central Bank.

Beyond the issue of creating a bitcoin reserve, South Korea has recently been moving to loosen its strict regulations on crypto. The country's financial watchdog is currently rolling out its plan to gradually lift the ban on institutional crypto trading, and is preparing to establish its second crypto legal framework, focusing on managing stablecoins.

The Block reached out to the BOK for further comment.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Sunday Afternoon 3-16-25

Good Afternoon Dinar Recaps,

JPMORGAN CHASE, WELLS FARGO AND BANK OF AMERICA REFUSE TO REIMBURSE CUSTOMERS AFTER SCAMMERS ATTACK ACCOUNTS: REPORTS

New reports show JPMorgan Chase, Wells Fargo and Bank of America are closing the door on customers hit by fraud, rejecting their claims and refusing to reimburse their accounts.

JPMorgan Chase refused to refund a customer in Northern California after a scammer used a fake driver’s license to initiate unauthorized withdrawals, reports the ABC-affiliated news station KGO-TV.

Katrina, who preferred not to give her last name, says someone pretending to be her withdrew money from her Chase account without even having her bank card or PIN.

The con artist, who is still at large, made two withdrawals from Katrina’s account totaling $1,500.

Katrina filed a police report and the next month, she received a letter from Chase telling her that the bank has denied her claim, alleging that she both authorized and benefited from the withdrawals. After Katrina reached out to the local news for help, the bank reversed its decision.

Meanwhile, Wells Fargo has told a customer in South Carolina that she’s out of luck after falling victim to scammers pretending to work at the bank’s fraud department, reports the NBC affiliate WGAL.

Stephanie Zufall received a message asking her to verify a $1,300 Apple Pay transaction. She replied “no” and soon received a call from someone posing as a Wells Fargo representative.

The scammer tricked Zufall into depositing $3,000 into an ATM via her mobile wallet, then stole it by linking her account to his.

Wells Fargo denied her claim and in response to the news report, says it’s re-opened the investigation.

Lastly, Bank of America says it will not reimburse an aspiring entrepreneur’s account after she lost $20,000 to a scammer impersonating the bank.

The customer says she received a call from a spoofed number matching BofA’s support number on her debit card, reports the ABC-affiliated WLS-TV.

The scammer convinced her to transfer the money to supposedly protect it, only for her to later discover that she had been deceived.

Bank of America says it’s not liable and its real staff would never ask customers to send money over the phone.

The customer says the loss has forced her to abandon plans to start a new business.

“I’ve been working 10 to 13 hours plus with no break. I have to expedite that money that was stolen from me, and it wasn’t just stolen from me, but stolen from my kids, too.”

@ Newshounds News™
Source:  Daily Hodl

~~~~~~~~~

BRICS MAKES MAJOR ANNOUNCEMENT ON DE-DOLLARIZATION

The major announcement from the BRICS alliance is that the bloc is divided on the global de-dollarization agenda. The nine-member alliance is seeing divisions as cracks open up from all sides on what the group stands for. While some countries want to launch a new common currency for trade and transactions, others don’t. The breaking up of ideas is causing a split within the group with each country wanting different agendas.

BRICS: India & Brazil Announce ‘No Interest’ in De-Dollarization

BRICS member India has made it clear that it has no interest in ending reliance on the US dollar and will not pursue the de-dollarization agenda. Foreign Minister S. Jaishankar said that India has “absolutely no interest” in undermining the US dollar. He said that the country “has never had a problem” with the greenback and has no plans to replace it.

In addition, four Brazilian government officials on the condition of anonymity said that Brazil plans to reject the BRICS currency. Brazil chairs the upcoming summit in July and plans to dismiss the formation of the new currency. President Luiz Lula da Silva is planning to nix the idea as he chairs the 17th summit, reported Reuters. Therefore, BRICS members India and Brazil are against de-dollarization in 2025.

Even BRICS members South Africa and the United Arab Emirates (UAE) remain on the sidelines of the de-dollarization initiative. Only Russia, China, and Iran are aggressively looking to replace the US dollar for cross-border transactions. Russia and Iran are reeling under sanctions that are making them desperate to find an alternative to the US dollar.

On the other hand, China is looking to use BRICS as a stepping stone to pursue its agenda of global domination. India does not want that to happen as it sees the Communist country as an opportunist. In conclusion, the idea of BRICS reshaping the de-dollarization initiative is a farce with no unity and more divisions.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

XRP HOLDERS THIS IS WHY RIPPLE WILL REPLACE SWIFT - BANKS WILL BEG FOR XRP  |  Youtube

XRP JUST FLIPPED ETHEREUM IN FDV - NOTHING IS KEEPING XRP FROM GOING PARABOLIC  |  Youtube

@ Newshounds News™
Source:  Common Sense Crypto

~~~~~~~~~

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Economist’s “News and Views” Sunday 3-16-2025

GOLD Is Telling YOU: The GLOBAL RESET Is IMMINENT  | Willem Middelkoop

Soar Financially:  3-16-2025

Willem Middelkoop, founder and CEO of the Commodity Discovery Fund and author of “The Big Reset,” joins us to break down gold’s historic surge above $3,000.

Willem shares why geopolitical uncertainty, currency debasement, and soaring physical gold demand signal the global reset he has long predicted is underway.

He reveals why this is only the beginning, and how investors positioned in gold and silver could benefit tremendously.

00:00 – Gold Hits $3,000

01:04 – Willem Middelkoop Returns

02:09 – Why Gold Is Rising

 03:27 – Institutional & Central Bank Demand

 04:38 – Physical vs. Paper Gold

05:26 – War Risk in Europe

07:07 – The Big Reset Begins

 07:41 – De-dollarization Update

09:17 – China Leads Multipolar World

 10:28 – Russia’s Role Explained

11:39 – Are BRICS Still Relevant?

13:16 – Trump & Dollar Confidence

14:19 – US Debt Crisis

 16:45 – Gold Signals Dollar Trouble

 18:39 – Market Volatility Ahead

19:42 – Gold-Backed Bonds?

21:06 – Geopolitics & Critical Minerals

24:01 – Commodity Investing Outlook

27:15 – Deregulation: Too Little Too Late

https://www.youtube.com/watch?v=xrjpeIVYC1M

CRASH ALERT! Trump's Plan to Destroy the Old Fiat System! The New "Golden Age" Dawns!

(Bix Weir)  3-14-2025

https://www.youtube.com/watch?v=I5LnVZZjafs

Financial Collapse Imminent, GOLD At ALL-TIME HIGH | David Hunter

Soar financially:  3-16-2025

In this interview, David Hunter, Chief Market Strategist at Contrarian Macro Advisors, shares his bold predictions on the global economy, stock markets, and the looming financial crisis.

He discusses the potential for a recession worse than 2008, the Fed’s policy mistakes, and why he believes the market will first skyrocket before experiencing a major collapse.

Hunter also dives into his gold and silver price targets, the impact of tariffs on inflation, and why he sees a significant drop in the US dollar coming soon.

00:00 – Intro & Welcoming David Hunter

 02:01 – Does the White House Want a Recession?

10:15 – Market Overview: Is a Rally or a Crash Coming?

16:47 – The Fed’s Policy Mistakes and Economic Risks

24:40 – Inflation vs. Stagflation: What’s Really Happening?

31:28 – The Auto Loan & Real Estate Bubble

36:21 – Global Bust Incoming – Worse Than 2008?

 39:27 – The US Dollar Collapse: What’s Next?

44:09 – Gold & Silver Predictions: $3,400 Gold, $75 Silver?

46:52 – Stock Market Targets: S&P 7500, Nasdaq 25K, Dow 55K?

 49:57 – Recession vs. Depression: How Bad Could It Get?

https://www.youtube.com/watch?v=pAzX-bNo1wY

Seeds of Wisdom RV and Economic Updates Sunday Morning 3-16-25

Good Morning Dinar Recaps

U.S. SENATE PASSES CONTROVERSIAL BILL TO AVOID GOVERNMENT SHUTDOWN

▪The Senate passed a Republican-led spending bill to avert a government shutdown, with key Democratic support.

▪Senate leader Schumer prioritized avoiding a shutdown, arguing it would grant Trump and "DOGE" excessive power.

▪The bill's passage revealed a divide within the Democratic party, with moderates and allies supporting Schumer's pragmatic approach.

The U.S. Senate narrowly avoided a government shutdown on Friday, passing a Republican-led spending bill just before the midnight deadline. The vote was 62-38, with 10 Democrats siding with nearly all Republicans. But while the bill kept the government running, it exposed deep divisions within the Democratic Party – especially when it comes to handling Donald Trump’s influence.

Behind the scenes, tensions ran high. Some Democrats wanted to take a stand against the GOP, while others feared the consequences of a shutdown. Senate Majority Leader Chuck Schumer was caught in the middle, making a strategic move that surprised many. So, why did he support the bill?

Schumer’s Quiet Strategy

Senate Majority Leader Chuck Schumer faced pressure from progressives and House Democrats to oppose the GOP-backed bill. However, he stayed quiet about his stance all week. On Thursday, he finally announced his support, giving other Democrats the green light to follow. This move helped reduce the risk of a shutdown during uncertain economic times.

Schumer admitted the bill wasn’t ideal but argued that shutting down the government would give Trump and his allies too much power.

The Democrats Who Voted With Republicans

Nine Senate Democrats joined Schumer in supporting the bill, temporarily giving up some leverage over Trump. These lawmakers included moderates, Schumer’s close allies, senators from states with many federal workers, and those nearing retirement. They agreed with Schumer that preventing a shutdown was the better option, fearing that Trump and Elon Musk could use the crisis to gain even more control.

Schumer warned that the future of government funding was now in the hands of Trump, Musk, and their allies. He cautioned that if a shutdown happened, it could last six to nine months and create serious instability.

Some Democrats criticized him for giving up too soon, saying he missed a rare chance to pressure Republicans after the House passed the GOP’s spending bill with Trump’s backing.

“I’ll Take Some Bullets,” Says Schumer

The vote largely followed party lines, 54-46, leaving many Democrats frustrated. They argued the bill failed to address key issues like healthcare and housing.

Schumer acknowledged the criticism but stood by his decision. “I’ll take some of the bullets,” he said, accepting that both moderates and progressives would be unhappy. The nine Democratic senators who voted with him may also face political consequences, but none are expected to have immediate election challenges.

House Democrats Frustrated Over Schumer’s Move

House Democrats, who had earlier rejected the bill, were upset with Schumer’s decision. Leaders like Hakeem Jeffries wanted a short-term funding bill to allow more time for negotiations. They argued the GOP bill gave Trump too much power while cutting critical services, including funding for Washington, D.C.

Senate Republicans, including John Thune, defended the bill, saying Democrats failed to complete last year’s budget, making another stopgap measure necessary.

Despite criticism from some Democrats, the White House stood by Schumer. The president praised him for making a “bold and courageous” choice, showing his approval of the compromise.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

4 TYPES OF FINANCIAL DOCUMENTS YOU SHOULD KEEP TOGETHER AT ALL TIMES IN CASE OF EMERGENCY — HERE’S WHY

Life is full of the unexpected. You never know when you may find yourself in dire straits or faced with an emergency that’s totally out of your control. Sadly, Americans are affected by weather-related disasters now more than ever before.

According to the NOAA’s National Centers for Environmental Information (NCEI), 2024 alone was full of “billion-dollar” weather-related natural disasters: There were 27 individual weather and climate disasters with at least $1 billion in damages, which is only one less than the record of 28 events in 2023. Last year’s natural disasters took nearly 600 lives and cost approximately $182.7 billion in total.

With natural disasters on the rise, you’ll absolutely need to be prepared for whatever comes your way. This includes having a “financial go bag” at the ready.

A financial go bag is basically what it sounds like: It’s a bag with everything related to your finances, identity, emergency contacts and medical information that you need to keep on your person.

Here are four specific categories of items you’ll want to be sure you have in your financial go bag.

Financial and Legal Documents

Having copies of any applicable financial and legal documents printed and at the ready is critical, according to the Federal Emergency Management Agency (FEMA). For example, if your home is destroyed in a fire, maintaining copies of these documents in your go bag may be the only physical proof you have of account ownership.

These include but are not limited to the following types of documents:

▪Credit and debit card statements
▪Checking account statements
▪Savings account statements
▪Retirement and investment account statements
▪Utility bills
▪Student loan statements
▪Alimony and child support documents
▪Elder care information.

Identification

When faced with a catastrophe, you’ll need to have at least a few forms of identification in your bag, according to FEMA.

Two important reasons are you may need to be identified to receive emergency medical attention, or authorities may need to identify you if you’re attempting to cross a security checkpoint.

These include but are not limited to the following types of identification:

▪Passport
▪Driver’s license
▪Social Security card
▪Green card
▪Military service identification
▪Pet ownership papers and identification tags.

List of Emergency Contacts

FEMA also recommends keeping a list of emergency contacts in your bag in case of evacuation. For example, maybe your cell phone, which contains all your contacts, dies, and the only way to contact someone is by using someone else’s phone and referencing the list in your bag.

These include but are not limited to the following types of contacts:

▪Doctors and specialists
▪Dentists
▪Pediatricians
▪Veterinarians
▪Your children’s school
▪Your employer
▪Local emergency services.

Medical Information

If an emergency strikes, it could result in injuries to you or your family. In the worst-case scenario, you have to have all pertinent medical information ready in your bag, according to FEMA, to ensure you receive the care and benefits you’re entitled to get.

This includes but is not limited to the following medical information:

▪Health insurance cards
▪Medicare and/or Medicaid cards
▪Dental insurance cards
▪Any other health benefits, such as VA benefits
▪A detailed and up-to-date list of medications you take
▪Immunizations records
▪Allergy information
▪Medical equipment and devices you need
▪Pharmacy information
▪Living will, medical power of attorney and any disability documentation.

@ Newshounds News™

Source:  Yahoo Finance

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Saturday Afternoon 3-15-25

Good afternoon Dinar Recaps,

2,300,000 CREDIT AND DEBIT CARDS LEAKED ON DARK WEB AS HACKERS INFECT MILLIONS OF DEVICES, DRAIN BANK ACCOUNTS: REPORT

Millions of debit and credit cards have been leaked on the dark web amid an explosion in the number of devices infected by data-stealing malware, according to cybersecurity and anti-virus firm Kaspersky.

Kaspersky says that from 2023 to 2024, at least 2.3 million bank cards were exposed via infostealer malware and posted on the dark web.

Over the same period, infostealer malware infected 26 million devices running Windows. The cybersecurity firm says bank card information is stolen in every 14th infection by this type of malware.

According to Kaspersky expert Sergey Shcherbel, the actual number of devices infected by infostealers is most likely higher.

“Cybercriminals often leak stolen data in the form of log files months or even years after the initial infection, and compromised credentials and other information continue to surface on the dark web over time. Therefore, the more time passes, the more infections from previous years we observe.”

The cybersecurity firm says the infostealer malware known as Redline was the most prevalent of the data-thieving malware, accounting for 34% of the total infections in 2024. Risepro, which primarily focuses on stealing banking card details and passwords, is another fast-spreading infostealer.

“The most significant surge in 2024 was in infections caused by Risepro, whose share of total infections increased from 1.4% in 2023 to almost 23% in 2024.”

According to Kaspersky, the Risepro infostealer, which is also targeting cryptocurrency wallet data, is spreading through software cracks, game mods and key generators.

Kaspersky advises individuals and organizations monitor bank notifications, enable two-factor authentication and run full security scans on all devices to remain vigilant against these types of malware threats.

@ Newshounds News™
Source:  DailyHodl

~~~~~~~~~

BRICS LOOK TO BLOCKCHAIN FOR ALLIANCE PAYMENT SYSTEM

Amid the alliance’s efforts to move away from the US dollar-dominated financial system, the BRICS bloc is reportedly eyeing blockchain as the basis for its developing payment system. Indeed, the collective is introducing a new proposal to push its efforts for economic autonomy forward.

The BRICS bloc has been engaged in a faceoff with the US since the return of President Donald Trump to the White House. Specifically, he has threatened 150% tariffs on the alliance amid its de-dollarization efforts. In response, the bloc has fractured, with some continuing to pursue movement away from the greenback.

BRICS New Proposal Eyes a Blockchain-Based Payment System

Throughout the last year, the BRICS bloc has targeted its own independence from the US dollar. The currency has continued to be weaponized, with the Biden administration instituting sanctions and Trump now introducing tariffs. Indeed, the collective has gone as far as to challenge the influence of the Petrodollar.

Those efforts have only taken a step forward this week with the 2025 summit nearing. Indeed, the BRICS bloc is eyeing blockchain technology for an alliance payment system that will further challenge the greenback, according to a new proposal.

cording to a new report, BRICS 2025 chairmanship holder, Brazil, has introduced the new initiative. It would seek to streamline cross-border transactions and lower costs to increase efficiency for local currency settlement. Although the bloc has assured it will not challenge the US dollar’s dominance, it would encourage and promote local currencies.

It will now be up to Trump and the US to identify the difference. Throughout his first two months back in office, he has not shown that kind of discernment when it comes to the greenback. Specifically, his campaign trail activities that signaled the US dollar’s status as a global reserve asset remained one of his most important focuses.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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