Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 9-3-24

Good Afternoon Dinar Recaps,

QATAR LAUNCHES 2024 DIGITAL ASSETS FRAMEWORK TO LEAD GLOBAL FINANCE

▪️Qatar's QFC Digital Assets Framework 2024 provides a legal foundation for digital asset activities.

▪️The framework was developed through extensive consultation with various stakeholders and includes initiatives like the QFC Digital Assets Lab.

▪️Qatar's initiative is expected to position the country as a leader in digital finance, attracting more companies and driving economic growth.

Qatar is making a major move in the world of finance with the launch of the QFC Digital Assets Framework 2024. Created by the Qatar Financial Center Authority and the Qatar Financial Center Regulatory Authority, this new framework aims to transform how digital assets are managed in the country.

Let’s look at how this could make Qatar a leader in digital finance.

All About the QFC Digital Assets Framework

The QFC Digital Assets Framework acts as a detailed guide for digital assets in Qatar. It sets legal standards for activities such as tokenization, owning digital tokens, and exchanging them. It also acknowledges the role of smart contracts, showing a modern approach to digital asset management.

Why is this framework important? 

The main goal is to ensure a safe environment for digital transactions, meeting global standards. Sheikh Bandar bin Mohammed bin Saoud Al Thani, Governor of Qatar Central Bank, sees this framework as a key part of Qatar’s plan to modernize its financial sector. It’s not just about setting rules; it’s about opening new opportunities and driving Qatar’s digital transformation.

It Takes a Team for Success!

Creating the QFC Digital Assets Framework took a lot of time and resources. It took a lot of discussions and input from an advisory group that included 37 organizations from different fields-finance, technology and law. The idea was to make sure the framework isn’t just a set of rules but something that works for everyone involved.

One of the standout features is the QFC Digital Assets Lab, which started in October 2023. More than 20 startups and fintech companies are already using it to test and launch their digital asset products and services.

This lab is not just about regulation; it’s about encouraging innovation and making Qatar a central player in digital finance.

Qatar’s Ambitious Vision

With the launch of the QFC Digital Assets Framework 2024, Qatar is clearly aiming to lead in digital finance. This framework provides the clarity and security that businesses, both local and international, need. It’s expected to attract more companies to Qatar, boosting its financial sector and making it more competitive globally.

Yousuf Mohamed Al-Jaida, CEO of QFC, is enthusiastic about the new framework, noting that it aligns Qatar’s regulations with the best global practices. It’s also a key part of Qatar’s strategy for long-term growth and security in the digital space.

Shaping the Future of Finance – Together!

In short, the QFC Digital Assets Framework 2024 is a major development. It’s not just about setting rules; it’s about shaping the future of finance in Qatar. By building a strong regulatory base, Qatar is ensuring that digital asset transactions are secure, transparent, and ready for the future.

This framework is a big step forward for Qatar’s financial sector and its role in global digital finance.

@ Newshounds News™

Source: Cooinpedia

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RIPPLE PARTNERS WITH FUTUREVERSE TO ENHANCE SECURE DIGITAL ASSET CUSTODY

Futureverse to Leverage Ripple Custody for AI and Metaverse Initiatives

In a significant advancement within the digital asset infrastructure and metaverse technology sectors, Ripple, a leader in digital asset solutions, has announced a strategic partnership with Futureverse, a prominent company in AI and metaverse technology. 

The collaboration aims to integrate Ripple Custody into Futureverse’s ecosystem, ensuring secure storage and management of digital assets, particularly as the demand for compliant and institutional-grade custody solutions continues to grow.

Futureverse has unveiled plans to use Ripple Custody to facilitate the secure custody of digital assets before they are minted on its self-developed Ottó blockchain.

The partnership will enable Futureverse to offer a secure and compliant environment for Know Your Customer (KYC) verified access to decentralized finance (DeFi) via the Ottó blockchain.

This development is timely, given the rapid expansion of the crypto custody market, which is projected to approach $10 trillion by 2030.

The integration of Ripple Custody is expected to address the critical need for robust, secure, and compliant digital asset storage solutions that can accommodate a wide range of digital assets, including stablecoins and tokenized real-world assets such as stocks, bonds, commodities, and real estate.

Ripple Custody has been designed with a state-of-the-art governance framework to protect a diverse array of digital assets, thereby allowing institutions, enterprises, and crypto businesses to securely manage their digital assets while confidently navigating the evolving Web3 landscape.

This partnership underscores the growing importance of secure custody solutions as digital assets gain increased adoption across various sectors.

Jeffrey McDonald, the Founder of Ottó Blockchain and Chief Customer Officer of Futureverse, emphasized that the integration of Ripple Custody into Futureverse’s operations was driven by Ripple’s industry-leading security features, which are designed to enhance the safety of customers’ digital assets.

 He also highlighted the long-standing relationship between the two companies, noting that Ripple’s advanced product features made it the ideal choice as Futureverse continues to innovate within the AI and metaverse technology spaces.

Ripple’s suite of enterprise-grade solutions is tailored to meet the evolving demands of businesses operating in the digital economy.

Beyond custody services, Ripple offers a comprehensive range of solutions, including the secure storage of cryptocurrencies and digital assets, the off-ramping of stablecoins, and the facilitation of payouts in local fiat currencies across over 80 markets worldwide.

These offerings are designed to help businesses scale their operations without compromising on security, compliance, or operational efficiency.

Fiona Murray, Managing Director of APAC at Ripple, emphasized the importance of security and compliance as foundational elements for the success of any digital asset platform.

She further expressed that Ripple’s ongoing collaboration with Futureverse is a testament to the company’s commitment to supporting Web3 projects and communities with secure and scalable custody solutions.

Both Ripple and Futureverse have been active participants in the XRP Ledger (XRPL) community, with Futureverse having adopted the XRPL NFT standard, which benefits from the network’s low transaction fees and high throughput capabilities.

 Moreover, Futureverse utilizes XRP as the network’s gas token and has integrated with the XRPL decentralized exchange (DEX) to provide network liquidity. The partnership between Ripple and Futureverse was further solidified in 2023 when Ripple took part in Futureverse’s $54 million Series A funding round, led by 10T Holdings.

This collaboration between Ripple and Futureverse highlights the ongoing evolution of digital asset management and the critical role that secure, compliant custody solutions play in the broader adoption of digital assets and blockchain technology.

As the market continues to evolve, partnerships like this are likely to become increasingly important in ensuring the safe and efficient operation of digital asset platforms.

@ Newshounds News™

Source: CoinTrust

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UNLOCKING THE SECRETS OF HISTORICAL BOND |  Youtube

@ Newshounds News™

Source: Currency Facts

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Seeds of Wisdom RV and Economic Updates Tuesday Morning 9-3-24

Good Morning Dinar Recaps,

METAPLANET TEAMS UP WITH RIPPLE ALLY SBI TO BOLSTER ITS BITCOIN-BUYING STRATEGY; XRP PLANS NEXT?

Metaplanet, a major Japanese-headquartered prolific Bitcoin (BTC) investor now recognized as a MicroStrategy imitator,” is collaborating with Ripple’s banking partner, the financial conglomerate SBI.

The strategic partnership is aimed at supporting Metaplanet’s ongoing efforts to expand its Bitcoin corporate treasury.

SBI To Provide Metaplanet With Custody And Trading Support
Metaplanet — known as “Japan’s MicroStrategy” on Crypto Twitter — has joined forces with SBI VC Trade, a division of Tokyo-based SBI Holdings.

The collaboration gives Metaplanet access to SBI’s compliant custodial services, designed to prioritize tax efficiency and provide the potential to use Bitcoin as collateral for financing.

This is part of Metaplanet’s broader strategy to engage with industry players in Japan and broaden its financial options.

“This collaboration is part of our ongoing effort to engage with leading industry stakeholders in Japan who support our corporate Bitcoin accumulation strategy,” Metaplanet’s official announcement states.

Tokyo stock exchange listed Metaplanet revealed that as its Bitcoin haul grows, it will continue to explore financial tools that provide greater “financial flexibility.”

Following in the footsteps of Michael Saylor’s MicroStrategy, the largest corporate holder of Bitcoin in the world, Metaplanet’s new main corporate objective is to accumulate as much of the benchmark cryptocurrency as possible. 

The publicly traded firm announced it had adopted BTC as its “core treasury reserve asset” to hedge against Japan’s debt burden and yen volatility. Metaplanet held roughly 360.4 BTC (worth around $20 million) as of August 20.

In its official announcement, SBI VC Trade said it would assist Metaplanet in addressing its Bitcoin accumulation strategy by offering trading and operation support.

“Focused on Bitcoin’s rarity and non-political monetary policy, Metaplanet appointed Bitcoin as a major financial asset and advanced Bitcoin’s accumulation through both debt and equity financing,” SBI VC Trade continued.

XRP Plans In The Pipeline?

Like MicroStrategy, Metaplanet’s focus has so far been on the apex cryptocurrency, Bitcoin. Nevertheless, SBI and Metaplanet’s joint venture has sparked hopes for XRP enthusiasts that their favorite crypto could soon secure a place on the company’s balance sheet.

As you may already know, SBI is one of the XRP community’s most prominent supporters. SBI Group became the first Japan-based corporation to leverage XRP Ledger (XRPL) blockchain supply chain solutions after Ripple forged a partnership with Tokyo-based consulting firm HashKey DX in April to push enterprise blockchain solution use cases in the East Asian country.

Furthermore, SBI’s recent partnership with notable crypto exchange-traded fund (ETF) provider Franklin Templeton also introduced the possibility of a spot XRP product in Japan.

@ Newshounds News™

Source:  ZyCrypto

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SWISS CENTRAL BANK HOLDS 500 BITCOIN; BANK OF NORWAY HOLDS 1,400 BTC

▪️The Swiss and Norwegian central banks gain indirect Bitcoin exposure through significant holdings in MicroStrategy, aligning with a broader trend of institutional Bitcoin adoption.

▪️Norges Bank’s direct and indirect Bitcoin holdings position it as one of the most prominent institutional BTC holders globally, reflecting a growing acceptance of cryptocurrency among traditional financial institutions.

Norges Bank, managing Norway’s Government Pension Fund, holds 1.123 million shares of MicroStrategy (MSTR), while the Swiss National Bank increased its holdings by 60% to 466,000 MSTR shares, equivalent to a hidden stash of about 500 BTC.

This revelation aligns with earlier developments we discussed where Norway and Switzerland’s central banks significantly increased their stakes in MicroStrategy, gaining indirect Bitcoin exposure.

Furthermore, as revealed by Collin Brown’s tweet today, Norway’s Central Bank is also reported to be holding approximately 1,400 BTC through its MSTR investment.

It is worth noting that, MicroStrategy, known as the largest corporate Bitcoin holder with 226,500 BTC, also has shares owned by South Korea’s public pension fund and Mitsui Sumitomo, a leading Japanese insurer.

Despite a recent 3.5% decline in MSTR shares, trading at $131.21, co-founder Michael Saylor highlighted that the company has outperformed nearly all S&P 500 stocks since adopting its Bitcoin strategy.

As of today, CoinMarketCap data shows that Bitcoin is trading at $59,220.35, having surged by 3.27% in the past day with a decrease of 6.26% in the past week.

@ Newshounds News™

Source: Crypto News Flash

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CRYPTO NEWS : ARE S-1 FORMS FAILING CRYPTO? SEC COMMISSIONER SOUNDS THE ALARM!

SEC Commissioner Mark T. Uyeda recently emphasized the need for tailored S-1 registration forms specifically designed for digital asset securities. 

Speaking at Korea Blockchain Week 2024 in Seoul, Uyeda argued that the U.S. SEC should adopt a more flexible approach to regulating digital assets, similar to how it handles other specialized financial products.

Cracking the Code: The S-1 Form and Its Shortcomings

The S-1 form is a crucial document for issuers in the U.S., requiring comprehensive disclosures such as income statements and cash flow statements before introducing a new securities product. 

Uyeda highlighted the inadequacy of the standard S-1 form for digital assets, drawing parallels with registered index-linked annuities, where the SEC already collaborates with product sponsors to develop customized registration requirements.

Crypto’s Regulatory “Catch-22”

Uyeda questioned why the same tailored approach isn’t applied to digital asset securities, arguing that the SEC has the flexibility to create such changes. 

He expressed frustration over the agency’s failure to provide more supportive frameworks for digital asset sponsors, which often leaves them in a regulatory “catch-22.”

This situation arises when the SEC requires disclosures that may not be relevant to digital assets, or when sponsors are unable to comply due to the unique nature of their products.

And it Goes On…

Despite these challenges, Uyeda clarified that the decision to classify a product as a security under federal regulations remains with the issuer.

However, there is ongoing uncertainty about whether cryptocurrencies fall under the SEC’s jurisdiction as securities.

This uncertainty is at the heart of Ripple’s ongoing legal battles with the SEC. Ripple’s Chief Legal Officer, Stuart Alderoty, recently criticized the term “crypto asset security,” calling it a “fabricated term with no legal basis.”

Crypto Reaction

Ripple, along with other companies like Coinbase, has argued that the SEC has not provided clear regulatory guidelines for digital assets. Uyeda’s comments reflect his dissent from the SEC’s decision to deny Coinbase’s rulemaking petition, which sought clarification on what constitutes security in the digital asset space.

Uyeda hopes that either current SEC Chairman Gary Gensler or his successors will recognize the growing regulatory uncertainty around digital assets and take steps toward developing clear legislation or rulemaking.

However, digital assets have not been a priority on the SEC’s regulatory agenda under Gensler, who has the final say on which items are included.

Uyeda’s Stand on Regulations
Looking ahead, Uyeda suggested that the SEC should consider the regulatory approaches of other jurisdictions, including the EU, South Korea, and Japan when shaping future rules for digital assets.

While his term as one of the SEC’s five commissioners extends until June 2028, Uyeda made it clear that his views are personal and do not necessarily represent the stance of the entire agency.

A Countdown to Change Begins, Will the SEC Step Up or Fall Behind? We Wait and Watch!

@ Newshounds News™

Source: Coinpedia

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BRICSX REVOLUTIONIZING GLOBAL FINANCE  |  Youtube

@ Newshounds News™

Source: Currency Facts

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CURRENCY REVALUATION EXPLAINED VND, IQD  |  Youtube

 @ Newshounds News™

Source: Currency Facts

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Newshound's Currency Facts Youtube and Rumble
Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Tuesday Afternoon 9-3-2024

TNT:

Tishwash:  Proposal to cancel SWIFT and replace it with relations with the international banking network

US Treasury praises Iraq's progress in monitoring transfers and selling dollars

 The US Treasury Department praised the remarkable progress made by the Central Bank of Iraq in strengthening control procedures over foreign transfers and cash sales of the dollar, while considering that these steps contribute to strengthening financial and economic stability in the country .

Auditing companies

A statement by the bank received by (Al-Zaman) yesterday said that (a high-level negotiating delegation headed by Governor Ali Mohsen Al-Alaq held a series of intensive meetings in New York City, USA, which included discussions with the US Treasury Department and the Federal Reserve Bank, in addition to meetings with a group of companies, including international auditing companies, who praised the major transformations achieved by the Central Bank, represented by the remarkable progress in the procedures for monitoring foreign transfers and cash sales of the dollar currency)

Adding that (this led to improving systems, policies and procedures in accordance with international and local standards, enhancing transparency in covering foreign trade and providing protection for the banking and financial sector from the risks of money laundering, financing terrorism and financial crimes)

And pointed out that (a meeting will be held between bank officials and its international partners by the end of this year regarding the major transformation in ending the work of the electronic platform for foreign transfers and replacing it with direct banking relations between Iraqi banks and the network of international correspondent banks, according to the plan developed by this bank, and implemented internationally, which will allow the Central Bank and the Federal Reserve Bank to exercise their supervisory roles Away from the executive procedures

This transformation will have important repercussions on the stability, fluidity and transparency of the country’s foreign trade financing operations,” he continued, adding that “this step will contribute to achieving the required stability in exchange rates, which in turn will lead to enhancing the efficiency of the financial system in Iraq.”

The statement stressed that “the meetings also addressed the mechanisms for expanding the network of international correspondent banks and qualifying Iraqi banks to meet the necessary requirements for opening their accounts with international correspondent banks, with the aim of enabling them to complete their financial transactions, whether through external transfers in US dollars or other foreign currencies .”

A source had previously revealed an unannounced visit by the Central Bank to the United States of America to discuss developments in the Iraqi banking sector .

Banking sector

The source said in a statement yesterday that (a delegation from the Central Bank, led by Al-Alaq, and a number of general managers, visited the United States of America, since the 26th of last month, to discuss developments in the banking sector and the restrictions on the use of the dollar imposed on a large number of private banks)

And he continued that (the Central Bank delegation discussed canceling the platform at the beginning of next year, and relying on correspondent banks, which will increase the imposition of restrictions on Iraqi private banks, and completely eliminate competition in favor of Jordanian banks that have American correspondent banks), noting that (the Central Bank is close to signing a contract with Oliver Wyman, the consulting company for the Iraqi Development Road, to conduct a study on reforming the Iraqi banking sector, and in order for it to be approved by the bank as a roadmap for reforming the private banking sector ).

The dollar exchange rate rose slightly in the Baghdad and Erbil stock exchanges. Money exchange office owners said yesterday that “dollar prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 149,200 dinars for every hundred dollars.” They added that “selling prices in exchange offices in the local markets in Baghdad stabilized at a selling price of 150,000 dinars, while the purchase price reached 148,000 dinars for every hundred dollars. As for Erbil, the stock exchange does not trade on official holidays, but the dollar recorded a slight increase there .” link

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Tishwash: More than a trillion dinars in Iraqi customs revenues in half a year

The head of the Iraqi General Customs Authority, Hassan Al-Akeili, revealed on Tuesday that more than one trillion dinars were achieved in revenues during the first half of the current year, indicating that this amount will double by the end of the year.

Al-Akeili told Shafaq News Agency after attending a reception in the House of Representatives, "Today, we attended a reception session in the Parliamentary Finance Committee and reviewed the most important activities of the Customs Authority during the past and current years, most notably the automation project."

He added, "The General Authority of Customs' revenues in 2023 amounted to one trillion and 33 billion dinars, an increase of 28% over the previous year."

He added, "During the first half of this year, the Authority's revenues reached 1.145 trillion dinars, and by the end of the year we will reach the set amount of 2 trillion dinars."

Al-Akeili stressed that, “According to the budget law, the amounts collected from customs are measured annually, and if the amounts achieved by the authority are measured, we are within the acceptable percentage  link

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

Militia Man  Back in the old days...when Saddam Hussein was around, when their valuations were out [$3.22], they were valuing based off of what?  Oil.  They didn't have non-oil revenues.  Times have changed.  They need to renew all of that...They've had plenty of time to do research and analysis to...provide an appraisal for the people that need to know the numbers.

Clare   Article:  "Prime Minister's Advisor Announces Increase in Non-Oil Revenues Compared to Previous Years"  Quote: "Saleh...oil revenues (semi-annual) for the year 2023 amounted to 53.88 trillion dinars, while non-oil revenues amounted to nearly 0.42 trillion dinars (during the six months of the same year 2023)," indicating that "oil revenues in the first half of the year 2024 amounted to 58.80 trillion dinars, while non-oil revenues (at the end of the first half of the year 2024) rose to reach 7.18 trillion dinars"

BEWARE Gold and Silver STACKERS! IMMINENT Market Meltdown Coming - Schectman, Rule, Macleod

HTZ Cap:  9-2-2024

In today's episode three financial experts: Alasdair Macleod, Andy Schectman and Rick Rule shared their insights on the latest developments in the commodities market.

https://www.youtube.com/watch?v=MG2bQIx0amk

LIVE! The U.S. DOLLAR DEATH CONTINUES AND THE ECONOMY IS IN RAPID DECLINE.

Greg  Mannarino:  9-3-2024

https://www.youtube.com/watch?v=70ulREIeO2s

Thoughts From DJ: “Why the GCR will Happen”

DJ:   DID YOU KNOW?

Sept 1st Post 2024 ( Why the GCR will Happen)

Through all the F-Flags and guesstimated time frames, concerning the release of the GCR, that have failed to manifest, we cannot lose track of the fact that it not only is going to happen but has to happen.

At the core of the GCR proposition lies the desire to rectify the distortions caused by decades of quantitative easing and excessive money printing by central banks. The overproduction of fiat currencies has led to inflationary pressures, devaluation, and growing public debt burdens, eroding trust in existing monetary frameworks. Making the transition to a more robust system is required.

Such a monumental shift entails a comprehensive reevaluation and realignment of world currencies, aiming to address systemic imbalances and restore stability.

The reason it has to happen is apparent. The global financial system, as it stands, is riddled with inefficiencies, vulnerabilities, and inequities that stem from decades of reliance on flawed mechanisms. These issues, including rampant inflation due to excessive money printing, the centralization of power in a few key institutions, and the instability of fiat currencies, demand a comprehensive overhaul.

To fix the system, a multidimensional approach is necessary, addressing how money is valued, the forms of currency in use, and the infrastructure that supports transactions.

 A fundamental problem with the current system is the reliance on fiat currencies, which are susceptible to manipulation and inflation. To address this, the value of money needs to be anchored to a stable and universally accepted benchmark, such as a basket of commodities (including gold, silver, and other tangible assets) or a diversified portfolio of global economic indicators.

This will reduce the volatility inherent in fiat currencies and discourage irresponsible monetary policies that lead to devaluation and economic instability.

The future of currency is leaning towards digitalization, but with important caveats. Electronic currencies offer significant advantages, including efficiency, traceability, and security. However, they must be designed with robust privacy protections and decentralized governance to prevent a***e by centralized powers.

 Blockchain technology, with its transparent and unchangeable  ledger, presents a foundation for such a system, provided it is scaled to accommodate global usage and its energy consumption is managed sustainably.

Even though the world moves toward digital currency, printed currency will not be entirely eliminated. It remains crucial for ensuring financial inclusion, especially in regions with limited access to digital infrastructure. A hybrid system, where digital currency is the primary medium but printed currency is available for specific situations, is the balanced approach.

 The current payment systems are outdated, slow, and expensive, particularly for cross-border transactions. A reformed financial system will employ advanced technologies like blockchain or other decentralized ledger systems to facilitate fast, low-cost, and secure transactions across borders. The key here is interoperability, ensuring that different systems can communicate seamlessly, reducing friction in global trade and investment.

 Fixing the global financial system is no small task, but by anchoring money to stable, tangible assets, transitioning to a primarily digital currency system with controlled physical currency, and overhauling payment systems with cutting-edge technology, we create a more stable, fair, and efficient global economy.

In the end these are all mechanisms needed to complete a GCR. But before these mechanisms can be implemented there must be a substantial cultural shift. Cultural acceptance of new technologies, such as blockchain and digital currencies, is critical. This requires overcoming fears and skepticism about digital transformation, especially concerning privacy, security, and the role of traditional institutions. A cultural shift towards embracing innovation, transparency, and decentralization is necessary before these technologies can be effectively integrated into the global financial system.

In our desperation to see the baby we forget there has to be a pregnancy first. Everyone keeps saying the baby is here, but when we ask to see the baby, it’s always “no she is still in labor”. In reality the planet is still working on the relationship ( Cultural Acceptance) and we are just now getting to the get pregnant part.

As for me, skip the pregnancy and show me the baby!!!

DJ

https://dinarchronicles.com/2024/09/02/the-office-of-poofness-weekly-report-update-from-poof-susan-and-dj-9-2-24/

News, Rumors and Opinions Tuesday AM 9-3-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 3 Sept. 2024

Compiled Tues. 3 Aug. 2024 12:01 am EST by Judy Byington

Global Currency Reset:  (Rumors/ Opinions)

Mon. 2 Sept. 2024 MarkZ: “We are hearing all kinds of rumors that everything started ripping on Sun. 1 Sept. and they are “releasing the hounds of the RV.” Tons of rumors. Tons of contacts saying “This is it.” There are a substantial amount of rumors that Indian Nations are about to have funds released to their people…along with alerts for Fines and Penalties, CMKX, and Prosperity packages. I am hearing extremely positive things for today and tomorrow on F&P’s.”

Mon. 2 Sept. 2024 Wolverine: “Everything is ready to go. Everything is in place. Good news coming out of Zurich. Get ready for tomorrow Tues. 3 Sept. …On Sun. 1 Sept. the Banking sector was notified that the mechanism to exchange foreign currencies and Securities has gone live. We are finally here. God bless.” Your friend, Wolverine.

At a Thurs. 29 Aug. 2024 Central Bank meeting it was decided that the start for the Global Currency Reset of 48 countries will be Tues. 3 Sept. 2024.

Managers will receive monies from Wed. 4 Sept. 2024 through Fri. 13 Sept. 2024.

Mon. 2 Sept. 2024 CONFIRMED! The QFS Rollout is Forcing Banks to Redistribute Wealth Right Now—Inside the Secret Meetings of Banking Elites! – Gazetteller

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(Note: Just because there is a “Big Name” attached to intel- does not mean that is really the real person- There is a lot of “fake” information everywhere….. Use discernment and consider everything a rumor until we are actually at the banks. )

Mon. 2 Sept. 2024 Urgent: QFS Rollout is Here—Elites Scramble in Secret Meetings! … Julian Assange on Telegram  https://t.me/JulianAssangeWiki/2171

The Quantum Financial System (QFS) is no longer a distant dream—it’s happening NOW, and it’s turning the global financial system on its head. The days of the c*****t, elite-controlled economy are numbered. Right now, behind closed doors, the world’s most powerful bankers are in a panic, forced to comply with a system that’s about to redistribute their hoarded wealth to the people.

This isn’t just a tech upgrade; it’s a revolution. The QFS is being deployed with surgical precision by the White Hats, dismantling the old financial structures that enslaved us for generations. The Global Economic Security and Reformation Act (GESARA) is in full effect, and the greatest wealth transfer in history is already in motion. Trillions of dollars, stolen from you through lies and m**********n, are about to be ripped from the hands of the c*****t and returned to where they truly belong.

Banks worldwide are being audited, tested, and connected to the QFS grid at an unprecedented rate. CEOs and financial heads are getting late-night calls, attending secret briefings, and being told in no uncertain terms: comply with the QFS or be cut off from the new global economy. The elites have had their day, but now the tables are turning.

Behind the scenes, covert teams are working around the clock, integrating every financial institution into the QFS. The m**************a is silent because they’re part of the old system, desperate to keep you in the dark. But the signs are there—sudden banking outages, unexplained changes in procedures. This is the QFS takeover, and it’s happening faster than anyone could have predicted.

But this isn’t just about the banks. Patriots and whistleblowers, the true heroes who’ve fought against this c*****t system, are being rewarded. They’ve been given early access to QFS accounts, not just as a means to secure their financial future, but as a badge of honor in the war against financial tyranny. These pioneers are leading the charge into a new era of financial freedom, where the power is finally back in the hands of the people.

The QFS is a fortress of security, with quantum-level encryption that no hacker or rogue state can penetrate. Your money is yours, and yours alone, shielded from the greedy clutches of banks, governments, and anyone else who dares to claim it. The QFS is the ultimate equalizer, a system that ensures every dollar is accounted for, every transaction is legitimate, and every person is free from financial oppression.

The old system is crumbling, and the elites know it. They’re desperately trying to hold on, but the QFS is unstoppable. Banks that refuse to comply are being systematically cut off, assets seized, accounts frozen. This is a total reset, a clean sweep of the c*****t, and there’s nothing they can do to stop it.

The QFS is more than just a financial system—it’s a global movement, a declaration that the era of financial e*********t is over. The world is waking up, connections are being made, and soon, everyone will have the chance to be part of this revolutionary shift.

The QFS is here, and it’s already rewriting the rules. The future is clear: QFS is the path forward. Embrace it, because the world as we knew it is gone, and what comes next is a financial landscape that finally serves the people, not the parasites.

Stay alert, stay informed, and get ready—The Storm is here.

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Global Financial Crisis:

Mon. 2 Sept. 2024: Feds brace for a US Dollar Crisis predicted to spark total collapse: https://www.forbes.com/sites/digital-assets/2024/09/02/strap-in-september-fed-us-dollar-crisis-predicted-to-spark-total-collapse-and-a-critical-bitcoin-price-tipping-point/

Read full post here:  https://dinarchronicles.com/2024/09/03/restored-republic-via-a-gcr-update-as-of-september-3-2024/

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

Nader From The Mid East  Whatever who told you...the small category has been released and all that, not yet.   That doesn't release it in one part of the country.  The whole country work the same thing.  They whole system the same.  When they release, they release it to all banks...

Militia Man  One of the hopes is Iraq is going to try to work with other countries in the region to defend their currency.  They're going to try to keep it as stable as they possibly can.  Having flexibility to the exchange rate so they can move it a little bit here and there so they can inject money, take money out or buy and sell the dinar etc is something they've got on their mind.

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Currencies Set to Increase in Value Short Term IQD, VND, MEX, INR How Iraq Could Do the Same

Edu Matrix:  9-3-2024

Currencies Set to Increase in Value Short Term IQD, VND, MEX, INR. How Iraq Could Do the Same Iraq may not have housing for travelers. However, they do have hotels that can be priced monthly.

https://www.youtube.com/watch?v=8KKVmlzD3yI

Tidbits From TNT” Tuesday Morning 9-3-2024

TNT:

Tishwash:  Iraq moves towards signing comprehensive economic agreement with UAE

Prime Minister Mohammed Shia al-Sudani stressed, on Tuesday, the importance of continuing bilateral efforts towards signing a comprehensive economic agreement between Iraq and the UAE.

His media office stated in a statement received by "Al-Eqtisad News" that "Al-Sudani received today the new UAE Ambassador to Iraq, Abdullah Matar Al-Mazrouei."

The statement added, "The meeting witnessed discussion of bilateral relations between the two countries, which are progressing at various levels, and ways to enhance distinguished cooperation in many fields, in a way that achieves common and mutual interests between the two brotherly countries."

Al-Sudani referred to "the efforts made by the UAE to enhance its cooperation with Iraq, especially in the strategic development road project, which constitutes a link between Iraq's neighbors and the countries of the region, in addition to its long-term economic importance."

He stressed "the importance of continuing bilateral efforts towards signing a comprehensive economic agreement between the two countries   link

Tishwash:  Switzerland reopens embassy in Iraq after 33 years

 The Swiss Foreign Ministry announced today, Tuesday (September 3, 2024), the reopening of its embassy in the Iraqi capital, Baghdad, after 33 years of closure in 1991 due to the Gulf War.

"By reopening the embassy, ​​the Federal Council aims to strengthen bilateral relations with the densely populated country and consolidate cooperation in the fields of economy, security and migration," the ministry said in a statement.

Foreign Minister Fuad Hussein announced last May that Switzerland would reopen its embassy in Baghdad in the coming months.

In an interview with Swiss Info, during his visit to Switzerland, Hussein pointed out that Switzerland made its first official visit to Iraq in more than 40 years in 2021, during which discussions took place regarding the possibility of reopening the Swiss embassy in Iraq.link

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Tishwash:  Buried Riches”: Gas Discovery in Iraq a Ray of Hope for Economic Development

 Iraq has recently achieved remarkable progress in the energy sector, especially in the field of natural gas discovery. These discoveries represent an important strategic step towards achieving energy security and strengthening the economy in general, and they also open new horizons for investment and development in this vital sector.

In recent years, oil companies and the Iraqi government have announced new discoveries of gas patches in several areas. Among these discoveries, the Anbar region stands out as a major location where important gas deposits have been discovered.

According to industrial sources, the new discoveries include large quantities of dry gas, a type of natural gas that contains low levels of sulfur and is used in many industrial applications. This type of gas is used in power generation, as an industrial fuel, and in the production of chemicals, making it an important resource for the industrial and energy sectors.

The Iraqi government is working to enhance investment in these discoveries through partnerships with international energy companies. Agreements have been signed with multinational companies to develop the infrastructure necessary to extract and purify gas. It has also been agreed to implement projects to extend gas pipelines and modernize refining stations.

Building infrastructure is an important step, as extracting natural gas and delivering it to markets requires complex facilities including pipelines, refining facilities, and pumping stations.

These projects require huge investments and careful coordination between the various parties concerned, and the government is working to improve the legal environment to attract foreign investment, including improving contracting terms and simplifying bureaucratic procedures.

Despite the optimism that accompanies new gas discoveries, there are a number of challenges facing the exploration and production process. These challenges include the need for modern technology and technical expertise, in addition to the difficult geographical conditions that may affect drilling and transportation operations.

Great economic opportunities

On the other hand, developing the natural gas sector in Iraq opens up great economic opportunities. In addition to improving energy security, this sector can contribute to creating new job opportunities, increasing national revenues, and enhancing economic growth. Exporting gas to international markets can also provide an important source of financial returns.

“The discovery of new gas blocks in Iraq represents an important strategic opportunity for the country as it provides a strong foundation for developing the energy sector and enhancing economic independence,” said retired gas expert Dr. Sami Al-Jubouri, who held positions in major energy companies. “However, it is necessary to focus on improving the infrastructure and applying the latest technologies to ensure efficient and safe gas extraction, through cooperation with international companies, which will enhance Iraq’s ability to optimally exploit these resources.”

“The challenges facing the country include the need to develop local technical capabilities and increase operational efficiency, as well as manage resources sustainably to ensure long-term benefits,” Dr. Al-Jubouri added to the Iraq Observer.  link

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Tishwash:  they are running this commercial again!

With our dinar and our products we are stronger... Support the Iraqi dinar

 With a dinar and our products   0:08

Stronger we reap the good   0:13

With a dinar we build and develop  0:16

Our country we teach our generations about the greatness of our civilization and strength   0:23

A dinar is our homeland with all goodness and blessings   0:30

A dinar is a homeland issue

https://www.youtube.com/watch?v=6Tq9QoIKWik

Mot:  aaaaaaaaaaahhhhhhhhhhhhhh - the Good ole Daze!!!! 

Mot:  A True Politican! - Makes Laws for Others but NOT fer Hisself!! 

Seeds of Wisdom RV and Economic Updates Monday Evening 9-2-24

Good Evening Dinar Recaps,

Fed Governor Waller questions need for speed in cross border payments

In a speech last week, Federal Reserve Governor Christopher Waller argued that “not all frictions that slow down payments are bad”. While he was mainly questioning the interconnection of faster payment systems, he touched on correspondent banking.

As context, the Bank for International Settlements (BIS), the central bank to the central banks, is working on Project Nexus for interlinking faster payments via its innovation hub.

Additionally, Project Agorá plans to use tokenization and wholesale CBDC to speed up cross border payments via correspondent banks. The Federal Reserve Bank of New York is a participant in that project, but “strictly for research and experimentation.”

While Governor Waller acknowledged that it’s desirable for remittances to arrive faster, the heart of his objections were in one paragraph:

“Not all frictions that slow payments down are bad. Certain frictions are purposely built into the global payment system for compliance and risk-management reasons.

Slowing down the speed at which payments are cleared and settled helps banks prevent money laundering and counter the financing of terrorism, detect fraud, and recover fraudulent or misdirected cross-border payments.

Granted, the practice today of sending payments through an often complex chain of correspondent banks contributes to slower payments that could benefit from efficiency enhancements.

However, there is no silver bullet that increases speed and efficiency without tradeoffs. Unless new solutions are found, interlinking fast payment systems might increase the risk-management burden for banks that participate in them.”

Buyers don’t want faster payments?

He went on to argue that it is only sellers that want to receive money faster. Buyers don’t want to pay earlier. That’s certainly true.

However, speeding up cross border payments is not the same as using bank transfers versus cheques. To Governor Waller’s point, paying by cheque means the payer keeps hold of the money for longer.

In my experience, cross border payment transfers leave my account instantly. Contrary to Governor Waller’s argument, buyers should love faster cross border payments, because if a payment arrives instantly instead of taking two days, then the buyer can send the money two days later.

If I know it takes two days, then I have to send the payment two days before the expected arrival date. It is invariably the banks involved that keep hold of the money in the interim.

That might be a mismatch in banking hours or issues with Nostro account liquidity or compliance. And some banks may use compliance as an excuse for delays.

The Governor then questioned whether improving payment systems is always the role of central banks or should be left up to the private sector.

He gave examples of where the Fed steps in, such as the case of FedNow, where the private instant payment systems only served a subset of banks.

Mr Waller emphasized that the current focus of FedNow is rolling it out domestically. So it has no plans for interlinking the system.

What does this mean?

One of the aims of Project Agorá, the cross border initiative that uses correspondent banks, is to improve compliance.

That should mean that when a payment instruction is received, the banks conduct compliance first and share information.

Perhaps the amount meant for payment is reserved rather than removed. If all is clear, then the money leaves your account and arrives at the destination.

So part of this is a change in the process order. Mr Waller acknowledged that the correspondent banking process is ripe for optimization.

His comments on the role of the central bank could be good news for Fnality. That’s the private sector system for tokenized institutional payments using central bank deposits. It is working on adding tokenized US dollars to its existing GBP offering.

On the other hand, so far the U.S. regulators have not been supportive of some of the private interbank payment initiatives that use blockchain, particularly those targeting corporates. Hopefully, that is changing with the Regulated Settlement Network.

@ Newshounds News™

Source:  Ledger Insights

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ARE ELON MUSK, THE IMF, AND THE WORLD BANK SETTING THE STAGE FOR XRP IN THE GLOBAL FINANCIAL SYSTEM?

▪️XRP is a prominent subject of discourse in global cross-border and payment solutions.

▪️The coin is linked to the Ripple Labs ecosystem, with a rich payment solution record.

With its growing popularity, XRP is now linked with Tesla CEO Elon Musk, the International Monetary Fund (IMF), and the World Bank. As a result, there is a growing debate in the crypto community concerning XRP’s future role in global finance.

Elon Musk’s Connection to Ripple

Over the weekend, Versan Aljarrah, founder of Black Swan Capitalist, pointed out Musk’s involvement with Ripple Labs Inc. The founder noted in an X post that Musk’s connection to Ripple is part of a larger narrative that includes XRP in the new financial system.

▪️#ElonMusk’s connection to #Ripple is no secret, it’s always been part of the larger narrative

▪️Remember Elon and Peter Thiel backed #OneCoin, rebranded to #OpenCoin, and then Ripple under Chris Larsen guidance

▪️They’re just setting the stage for #XRP in the new #financial system pic.twitter.com/jRUDK6tQBr

▪️— Black Swan Capitalist (@VersanAljarrah) September 1,

He noted that Musk’s relationship with Ripple is no secret. He recalled a time when Musk and Peter Thiel once supported OneCoin. According to him, this was shortly before OneCoin rebranded to OpenCoin and later Ripple under the leadership of Chris Larsen.

The founder’s recent disclosure comes only shortly after crypto-friendly lawyer Fred Rispoli made a bold proposal to Elon Musk. Notably, Rispoli recently urged Musk to consider integrating XRP into his X Payments platform.

This suggestion could mark a major transformation for XRP. It comes shortly after the Ripple Labs and US Securities and Exchange Commission (SEC) legal battle ended.

As highlighted in our previous article, Judge Analisa Torres ruled that secondary sales of XRP are not securities. This verdict has helped provide greater regulatory clarity, strengthening investor confidence in the digital asset.

 Nonetheless, Ripple was ordered to pay a $125 million fine for institutional XRP sales violating federal securities laws.

XRP Role in Global Financial Payment Systems

In a related post, Aljarrah noted that the World Bank and the IMF have consistently featured XRP and stablecoins in payment discourse. The founder thinks this is not a coincidence but the foundation of the new monetary system.

Meanwhile, Ripple has preserved a brand identity connected to financial transactions since its founding. XRP is already being used to solve key financial problems in the crypto space.

For instance, XRP is a bridge currency in cross-border payments, offering instant settlements at lower charges between different fiat currencies.

According to our recent analysis, the Bank of Russia began exploring XRP in its financial system in 2018. Based on the details, the coin was leveraged for cross-border remittances with plans to solve digital payment needs.

Moreover, Ripple strongly believes blockchain-based payment solutions may become invaluable to local banks. As noted in our earlier post, the payment company provides local banks with blockchain-based payment solutions to help SMEs overcome the hurdles of traditional cross-border transactions.

Overall, Ripple’s blockchain solutions have helped strengthen XRP’s position as a leader in the crypto market. As XRP sees more integration, experts’ predictions of XRP facilitating global payments could eventually come true.

At press time, XRP is trading at $0.5576, up by 0.44% in 24 hours. The trading volume surged 67% within the same timeframe to $883 million. With more positive narratives around the coin, it might ultimately sustain its rebound moves.

@ Newshounds News™

Source:  Crypto News Flash

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IOTA NEWS: EMBARK ON EPIC QUESTS WITH IOTA HEROES AS GAME DEBUTS ON IOTA EVM SEPTEMBER 4TH

▪️IOTA Heroes, a game built exclusively for the IOTA ecosystem, is launching on IOTA EVM on the 4th of September 2024 at 20:00 CEST.

▪️New features include a Hatchery, the option to end adventures early, faster routing and navigation, and inventory item filters.

IOTA Heroes, an exciting game that allows users to fight, conquer, and earn, will launch in the IOTA EVM later this week.

The game launches on the 4th of September 2024 at 20:00 CEST, the developers revealed on X.

The IOTA EVM is the first fully EVM-compatible smart contract chain on the IOTA network, enabling fast, secure, and scalable smart contracts. As we’ve reported, the EVM has thrived since its launch and has been pushing the boundaries of DeFi, decentralized trading, sustainability, and more.

As the IOTA Heroes team revealed in an accompanying blog post, it has been working to prepare the game for a token migration, which is no mean feat given how vast the number of tokens they manage is. The team benefitted from the IOTA Grants, being one of the first projects to receive one to fund the migration.

IOTA Heroes is doing all the heavy lifting for the token holders.

We’ll ensure that all your heroes, items, and gold are airdropped directly to your address. Additionally, we’ve prepared scripts to automatically set up all your facilities and hero skills that you’ve developed on ShimmerEVM. Everything will be ready and waiting for you when you first log in to the game!

IOTA Heroes on IOTA EVM

The migration comes with a raft of changes. For starters, the team has updated the battle visualizer, allowing users to access more information on the combat scenes. More updates are expected in the near future.

Other changes include the long-overdue introduction of the Hatchery, where users can now crack their eggs for some exciting possibilities. The game has previously limited users to reforging only five items at a time, but with the new update, users can reforge any multiple of five (10, 15, 100) as long as they have enough charcoal to power the process.

The update also gives users more options as they play IOTA Heroes. For one, you can choose to end an adventure early; say, for instance, that your adventures were set to end in an hour or two, and you want to end them earlier and get on with other things—well, you can choose to end it by spending some of your gold.

Others might choose to end the adventure to preserve some of the in-game items they have acquired, especially if they value them higher than gold. Of course, you must engage in an adventure at least five minutes before you get the option to call it quits.

On the back end, the IOTA Heroes team has refined its smart contracts to make the experience smoother. It has also switched to SvelteKit, a framework for deploying web apps using Svelte, which will translate into smoother routing and faster navigation.

@ Newshounds News™

Source: Crypto News Flash

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An important update on Gold.

THE BEGINNING STAGES OF THE GOLD STANDARD  |  Youtube

@ Newshounds News™

Source:  Currency Facts

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Thank you Dinar Recaps

More News, Rumors and Opinions Monday PM 9-2-2024

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

RV Excerpts fro the Restored Republic via a GCR: Update as of Mon. 2 Sept. 2024

Compiled Mon. 2 Sept. 2024 12:01 am EST by Judy Byington

Global Currency Reset:

Sun. 1 Sept. 2024 MarkZ: “I got a update this morning from a redemption center contact. They very much still expect to be called into work this weekend.  Their chain of command said to expect to work before Tuesday.  This is excellent news.”

Sun. 1 Sept. 2024 Wolverine: Payment for operations start on Wed. 4 Sept. 2024.

We close the week with the following report: the auditors from the World Bank and the Peter Wong Platform who arrived in Brazil on August 27, 2024 are packing their bags to return to the US tomorrow, August 31, 2024.

Since Monday, September 2, 2024 is a holiday in the US (Labor Day), there is no possibility of banking hours at the Reno Platform (Nevada/USA), so what was decided at the meeting within the Central Bank on August 29, 2024 is that the global START will be given on September 3, 2024

After several tests and detailed adjustments, Brazil, the US and 47 other countries and their respective Central Banks will finally be able to proceed in synchrony and simultaneously with the release and settlement of the financial operations of which they are part (I emphasize that in Brazil BR the operations released and approved for payment are LTN and T*A, which were unified within the same platform).

The deadline for distributing the amounts to the spreadsheets of the Managers who will receive them will start on September 4, 2024 and will run until September 13, 2024.

Sat. 31 Aug. 2024 Wolverine: “Looks like everything has been lined up for Tues. 3 Sept. The Precatorias was supposed to go today, but now they are going to go on Tues. 3 Sept. It’s going to be a shotgun start. All contracts have been signed. Everything is ready to go. …Tier 1, 2, 3 and 4 banks around the world are fully integrated and ready for distribution. The RV is finally here. God bless. Your friend, Wolverine”

…Dr. Eduardo Tavares, CEA Professor and Founding Partner of Mundo Financeiro – Specialist in Corporate Finance and Investment Banking from FIA Business School, Fri. 30 Aug. 2024 https://www.eduardotavares.com.br/portolio

…Peter Wong, Former Chief Executive Officer of the Hong Kong and Shanghai Banking Corporation Mr. Peter TS Wong is Vice Chairman and Chief Executive Officer of Asia-Pacific of The Hongkong and Shanghai Banking Corporation Limited (“HSBC”). He is a Group Managing Director and member of the Board of Directors of the HSBC Group. BuyBye Smart Jardim Cambu

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Sun. 1 Sept. 2024: Exposed: Dragon Family Gold and the U.S. Federal Reserve System – Presidents Sukarno, John F. Kennedy, and the Hilton Green Agreement! – amg-news.com – American Media Group

~~~~~~~~~~

Global Financial Crisis:

BRICS Bank President Says Ditching the US Dollar is a ‘Main Focus’: https://watcher.guru/news/brics-bank-president-says-ditching-the-us-dollar-is-a-main-focus

Sun. 1 Sept. 2024 Central Banks Doomed: https://beforeitsnews.com/prophecy/2024/09/central-banks-are-doomed-gold-silver-are-about-to-go-parabolic-greg-mannarino-2024-2555080.html

Read full post here:  https://dinarchronicles.com/2024/09/02/restored-republic-via-a-gcr-update-as-of-september-2-2024/

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

Fnu Lnu  The subsequent [After New York] visit to Washington D.C. was most likely to prove to the UST that the rogue, non-compliant banks in Iraq were brought to heel. I see an RV in the near future and I must say, it's about time. 

Militia Man  Article: "After the success of the recent negotiations in Washington...the Central Bank succeeded...in diversifying the basket of commercial currencies.  Indicating this will lead to a significant decrease in the demand for the dollar...This meeting with...the Central Bank of Iraq...US Federal Reserve and US Treasury, which lasted for 3 days..."  Commercial currencies with the Iraqi dinar.  They're not going to do that at 1310...When things change everybody's going to be ready to do business with Iraq.

Hard Landing Scenarios – Severe Recession Is Coming, Blame the Banking System

Kitco News:  9-2-2024

George Gammon, an investor, macroeconomics expert, and host of The Rebel Capitalist Show, outlines the potential hard-landing scenarios for the U.S. economy.

Gammon tells Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, that a severe recession is the most likely outcome and shares his insights into when the recession might hit.

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

“We CAN'T Survive” - Japan Steel Giant PANICS Over China, EU EV Market Starts To Collapse

Sean Foo:  9=2=2-24

The G7 China trade war is escalating with the Japan Steel giant asking the government for massive tariffs on imports from China. Meanwhile, Europe's own EV market is collapsing and the tariff war with China is only going to make things worse. Here's what you must know!

Timestamps & Chapters:

 0:00 Japan Panics Over Chinese Steel

3:15 Steel Punishments Will Backfire

6:42 Eurozone EV Market Collapsing

7:54 Sponsor: Indigo Precious Metals

 9:19 Europe Disastrous Policies

 10:58 Massive EV Risk Coming

 14:12 Decoupling To Get Worse

https://www.youtube.com/watch?v=8hrekxULink

Seeds of Wisdom RV and Economic Updates Monday Afternoon 9-2-24

Good Afternoon Dinar Recaps,

This Week in AI: OpenAI signs landmark AI deal with US

OpenAI is preparing to raise its next funding round, seeking to secure billions of dollars at a $100 billion valuation. Tech giants like Microsoft (NASDAQ: MSFT), Apple (NASDAQ: AAPL), and Nvidia (NASDAQ: NVDA) are rumored to be interested in participating.

Each of these companies is no stranger to OpenAI:

▪️Microsoft has been a primary investor, owning a 49% share of the company thanks to its $13 billion investment in 2019.

▪️Apple partnered with OpenAI in June to use its models to power upcoming AI features.

▪️Nvidia, the dominant chipmaker, provides OpenAI with the infrastructure it needs to train and run its models.

Although OpenAI’s ChatGPT remains the market leader, with hundreds of millions of monthly users, the company has yet to turn a profit from its AI products and services. Moreover, OpenAI must continue spending billions to stay competitive and maintain its market leadership.

Rumors suggest the company is on track to lose $5 billion this year from its AI operations, making it unsurprising that OpenAI needs to raise significant capital to keep the business going.

Google’s Imagen 3 relaunches with enhanced AI accuracy and ethics

Google (NASDAQ: GOOGL) announced that it would reintroduce its image generation AI, Imagen 3, into its products, starting with Gemini Advanced.

Google’s AI image generation tool was previously operational but was pulled in February following incidents where the AI overcompensated for race and ethnicity when generating images of people.

 For example, when prompted to produce an image of the four founding fathers of the United States, Imagen returned an output featuring diverse individuals who were not the founding fathers.

These incidents sparked discussions about Google’s AI being overly concerned with ethics, bias, and censorship, leading the company to suspend its model from generating images of people.

All AI models walk a fine line between ethics and bias, especially regarding race and ethnicity. It’s more common for AI to exclude racial and ethnic diversity in outputs, but Google’s first iteration did the opposite, creating inaccurate outputs due to overcompensation.

As Google reintroduces Imagen 3, it will be interesting to see how the company addresses these challenges and whether the new version of its AI can strike a better balance between inclusivity and accuracy. People are likely to stress-test this model in the same areas as before, pushing it to its limits to see how well it handles these nuances.

Nvidia stock dips despite beating earnings: Has the AI boom peaked?

Nvidia recently held its latest earnings call, surpassing analyst expectations on several fronts. However, despite beating expectations, the company’s stock closed roughly 8% down the following day.

Nvidia’s forecast that next quarter’s gross margins might fall short of analyst estimates could have contributed to this decline. In contrast, others believe the dip reflects investors’ unreasonably high expectations for Nvidia, which are becoming increasingly challenging to meet.

The question now is whether this decline signals that Nvidia has peaked and is entering a period of cooling off. Linear growth typically doesn’t continue forever, and Nvidia has had a historic run during the AI boom, supplying nearly 90% of the chips companies need to train and run their AI models.

Even Nvidia seems aware that its winning streak might be cooling off, as reflected in its forecast for the next quarter.

Amazon set to launch AI-powered Alexa

Amazon (NASDAQ: AMZN) is reportedly gearing up to launch an AI-enhanced version of its home assistant, Alexa. 

The upgrade, expected in October, will include features such as AI-generated summaries of news articles tailored to users’ preferences.

It will also introduce voice recognition capabilities, allowing Alexa to differentiate between speakers and provide personalized experiences, such as finding recipes suited to individual tastes or tailoring shopping experiences to the user.

The AI-enhanced Alexa will only be available to subscribers of a new service, which would help offset the costs associated with Alexa. The device has allegedly contributed to Amazon’s devices department losing billions of dollars, as most Alexa users opt for the free version after purchasing the physical device.

While we’ve seen several companies attempt to create AI wearables, there haven’t been as many efforts to develop in-home AI assistants. 

Due to their reliance on voice commands, existing home assistants have struggled to gain traction, often proving awkward to use. These devices tend to add more friction to users’ workflows rather than simplifying them.

However, if I had to guess, the lack of AI features probably isn’t the main reason these devices haven’t taken off, so I am doubtful that these new AI capabilities will be the boost products like Alexa, Google Home, or Apple’s Siri need to regain popularity.

OpenAI and Anthropic establish landmark AI safety partnership with US government

In a first-of-its-kind agreement, OpenAI and Anthropic have signed a deal with the U.S. Artificial Intelligence Safety Institute at the Department of Commerce’s National Institute of Standards and Technology (NIST).

This agreement grants the U.S. AI Safety Institute—which was established via President Biden’s executive order on AI—access to major new models from each company before their release.

Additionally, the companies will collaborate with the institute on research to evaluate AI models’ capabilities and safety risks and explore methods to mitigate those risks.

It wouldn’t be surprising to see more AI providers follow suit and partner with government entities. The government tends to scrutinize AI systems, particularly regarding their safety and potential societal risks. A partnership of this nature signals that the AI provider is at least attempting to make its systems safer and more secure.

These collaborations probably give AI companies some breathing room when releasing models that might otherwise face government scrutiny.

By addressing potential issues early in the process, thanks to early access and the other benefits that sometimes come with a government partnership, AI providers can save time, money, and trouble, allowing them to refine their models before launching them in a way less likely to lead to regulatory concerns.

In order for artificial intelligence (AI) to work right within the law and thrive in the face of growing challenges, it needs to integrate an enterprise blockchain system that ensures data input quality and ownership—allowing it to keep data safe while also guaranteeing the immutability of data

@ Newshounds News™

Source:  CoinGeek

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Elon Musk Considers Dogecoin for Tesla Payments Again

▪️Elon Musk hinted at Dogecoin's return as a Tesla payment option.

▪️Judge dismissed a $258 billion lawsuit against Musk and Tesla.

▪️DOGE's price dropped over 2% in the last 24 hours.

Tesla CEO Elon Musk indicated the potential return of Dogecoin as a payment option for Tesla products. This statement came just two days after he and Tesla successfully dismissed a June 2022 lawsuit accusing them of defrauding investors through a Dogecoin pump-and-dump scheme.

 On August 31, Musk responded affirmatively when asked if anyone else wanted Tesla to bring back Dogecoin as a payment option for products.

▪️What Is Happening on the Dogecoin Front?
▪️Details on the Matter

What Is Happening on the Dogecoin Front?

Tesla previously accepted Dogecoin for products in January 2022, but it is unclear if the company will reimplement this feature. 

At that time, the company stated that only Dogecoin would be accepted and warned that other crypto assets sent to them would not be returned. However, the Dogecoin payment option later disappeared without any explanation.

Given Musk’s known support for Dogecoin, a return would not be surprising. Earlier this year, Tesla hinted at the possibility of accepting Dogecoin as a payment method. Musk has consistently expressed his fondness for DOGE and frequently influenced its price movements with his actions.

Musk’s defense of Dogecoin has also led to legal challenges. On August 29, Judge Alvin Hellerstein dismissed a $258 billion class-action lawsuit against the billionaire and his company.

The lawsuit accused Musk and Tesla of manipulating Dogecoin’s price and claimed that Musk used his influence, including his appearance on Saturday Night Live, to affect the token’s value.

Details on the Matter

Judge Hellerstein ruled that Musk’s statements about Dogecoin were enthusiastic and exaggerated rather than factual claims that could mislead investors. He concluded that no reasonable investor would rely on these statements and that the pump-and-dump allegations were unfounded:

“As for the alleged pump-and-dump scheme by Musk and Tesla, it is impossible to understand the plaintiffs’ claims of market manipulation, pump-and-dump scheme, breach of fiduciary duty involving insider trading, or state law claims.”

Despite these developments, DOGE’s price dropped by more than 2% in the last 24 hours to $0.099113 at the time of writing, according to Tradingview data. This decline reflects a broader market trend, with significant crypto assets like Bitcoin experiencing substantial losses during the reporting period.

@ Newshounds News™

Source: Coin-Turk

~~~~~~~~~

Newshound's Currency Facts Youtube and Rumble
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Economist’s “News and Views” Monday 9-2-2024

The US Dollar is Being DECIMATED And They Have No Idea How To Stop It

The Atlantis Report:  9-2-2024

In this video, we dive deep into the alarming state of the US Dollar and the unprecedented challenges it faces on the global stage.

As the value of the dollar continues to plummet, policymakers are scrambling to find solutions, but are they too late? We'll explore the key factors driving this decline, including economic policies, international competition, and the shifting balance of power in global markets.

 Whether you're an investor, a concerned citizen, or simply curious about the future of the world's reserve currency, this analysis will give you crucial insights into the forces at play and what they could mean for the future of the US economy.

Don't miss this urgent discussion on the potential downfall of the dollar and the ripple effects it could have worldwide.

https://www.youtube.com/watch?v=O9DcbamVyp4

$1.5 Trillion in Debt about to Enter Delinquency

Steven Van Metre:  9-1-2024

In a world that has seen its fair share of economic upheaval, the alarming statistic of $1.5 trillion in debt on the brink of entering delinquency raises concerns that could reverberate through global markets. While many have focused on conventional threats to economic stability, such as inflation and soaring interest rates, this looming crisis remains largely overlooked.

As we delve into the insidious nature of debt delinquency, we uncover why this could be the financial crisis no one saw coming.

Before we dive into the specifics, it’s essential to understand what debt delinquency means. Simply put, it occurs when borrowers fail to meet their payment obligations on loans, credit cards, or any form of credit. When these delinquencies pile up, they create a ripple effect that can jeopardize not only individual financial stability but also the health of entire economies.

The staggering figure of $1.5 trillion primarily encompasses consumer debt in various forms, including credit cards, auto loans, and student loans. Unlike previous financial crises, triggered by subprime mortgages and excessive leverage in real estate, this crisis is rooted in everyday consumer behavior. It reflects a growing trend of individuals and families overextending themselves financially, often relying on credit cards as a lifeline to maintain their standards of living.

As interest rates rise in response to inflationary pressures, many borrowers may find themselves unable to meet their payment obligations. Even a slight uptick in interest rates can result in significant additional costs for those already stretching their budgets thin.

As we face this potential crisis of $1.5 trillion in debt entering delinquency, it’s a wake-up call for individuals, policymakers, and financial institutions alike. While consumer debt has been a topic of concern for years, its impact is now at a precipice.

We must act decisively, prioritizing financial education, promoting responsible lending practices, and fostering an economic environment that supports stability. The financial crisis no one expected may be hiding in plain sight, but together, we can tackle the challenges ahead before it spirals out of control.

Watch the video below from Steven Van Metre for his insights.

https://youtu.be/Qj3FR5XT-LE

BRICS Update: Saudi Sign a $50 Billion Deal with CHINA: What's Next?

Fastepo:  9-1-2024

The United States has been applying considerable pressure on Saudi Arabia to distance itself from China and other BRICS nations due to concerns over geopolitical and economic issues.

 The U.S. is particularly focused on preventing the transfer of crucial technology, infrastructure, and data to China, which could potentially threaten U.S. national security and economic interests.

Nonetheless, Saudi Arabia's recent actions, including the signing of $50 billion in memorandums of understanding with Chinese financial institutions, suggest a clear intent to strengthen its relationship with China.

This development is part of Saudi Arabia's broader strategy to diversify its economic partnerships and reduce its dependence on oil, aligning with its Vision 2030 initiative.

The agreements with Chinese banks aim to enhance two-way capital flows, covering both debt and equity investments, thereby promoting deeper economic integration between the two nations.

Specifically, Saudi Arabia’s investments in China saw substantial growth, highlighted by the PIF's move to sign six major agreements worth $50 billion with leading Chinese financial institutions.

These deals were aimed at enhancing bilateral capital flows, supporting investments in various sectors including technology and infrastructure. This follows the previous year's surge, where investments by Gulf funds in China increased from a modest $100 million to $2.3 billion in 2023, underscoring the rapid intensification of economic ties.

https://www.youtube.com/watch?v=6PjesMs6xaQ

Seeds of Wisdom RV and Economic Updates Monday Morning 9-2-24

Good Morning Dinar Recaps,

Hedera’s (HBAR) Daily Transactions Soar 46% as Market Cap Corrects

▪️Hedera’s daily transactions increased by 46% in Q2 2024, driven mainly by the Hedera Consensus Service.

▪️HBAR’s circulating market cap dropped by 29%, but its rank among all tokens improved from 36th to 30th.

According to a report from research firm Messari, Hedera (HBAR) experienced a notable surge in daily transactions during the second quarter of 2024, marking a 46% increase quarter-over-quarter (QoQ).

The total number of daily transactions increased from 90.9 million in Q1 to 132.9 million in Q2, reflecting the network’s increasing usage. The growth was mainly attributed to the Hedera Consensus Service, which constituted 99% of all the activities on the network.

Revenue Climbs as Network Activity Increases

For the second quarter of 2024, Hedera had a very good financial situation in terms of several aspects.

The network revenue, primarily derived from transaction fees, recorded a 26% growth in USD from $1.1 million in the first quarter to $1. 4 million in the second quarter. Regarding HBAR, the revenue also rose by 19% QoQ to 14. 6 million HBAR.

Despite this, the HBAR’s circulating market capitalization reduced by 29% and stood at $2. 7 billion. This decline came after three successive quarters of growth and was partially blamed on a 33% decline in the price of HBAR, which dropped from $0. 11 to $0. 08 during the same quarter.

However, HBAR’s market capitalization ranking rose, climbing six positions from 36th to 30th among all tokens, surpassing other tokens with comparable prices.

The Hedera network also experienced a significant rise in the number of users. The average daily number of newly created accounts increased by 31% QoQ from 8,400 in Q1 to 11,100 in Q2.

 This growth in new accounts was not reflected by the active address activity. The total daily active addresses also declined by 37% QoQ from 16,800 to 10,600. This means fewer accounts were active in making transactions while more accounts were being opened.

Karate Combat League Drives Significant Network Activity
One of the major drivers of activity on the Hedera network in Q2 was the Karate Combat League, a full-contact karate league that integrates blockchain technology into its fan engagement strategy.

The KARATE token allows fans to vote on the outcomes of the matches, and the token is built on the Hedera and Ethereum networks.

In the second quarter, there were several Karate Combat events that happened and this greatly helped in boosting Hedera’s transaction volume. For example, the KC45 event on the 20th of April had 1. 74 billion of KARATE tokens staked on Hedera with 65,300 contributors from Hedera and Ethereum.

The subsequent events like KC46 and KC47 also witnessed good voter turnout, with KC47 held on June 28 involving 117800 unique voters and 3. 17 billion KARATE tokens voted on Hedera.

At the time of writing, HBAR has seen a 21% decline over the past month and is currently trading at $0.051. This can be attributed to the general market risk, which has been accelerated by the fluctuation of major cryptocurrencies such as Bitcoin and Ethereum.

@ Newshounds News™
Source: Crypto News Flash

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DONALD TRUMP UNVEILS PLAN TO MAKE USA THE ‘CRYPTO CAPITAL OF THE PLANET’

▪️Donald Trump aims to make the US the “crypto capital of the planet” if elected.

▪️His sons’ World Liberty Financial may involve real-world assets and tokenization.

▪️Trump has promised a Bitcoin reserve and to replace SEC chair Gary Gensler.

In a bold move that could reshape the landscape of digital assets in the United States, former President Donald Trump has announced his intention to establish the US as the “crypto capital of the planet” if elected.

Trump’s announcement has ignited curiosity and speculation, particularly regarding the World Liberty Financial initiative spearheaded by his sons, Donald Trump Jr. and Eric Trump.

Though details of the World Liberty Financial project remain sparse, early rumours suggest that it may involve real-world assets and tokenization. The initiative’s official Telegram channel, which boasts over 53,000 subscribers, has cautioned crypto enthusiasts to remain vigilant against scams and imitation projects.

Trump’s embrace of cryptocurrency marks a significant shift from traditional political rhetoric. During a May gala, he first presented himself as a champion of the crypto industry, a stance he continued to reinforce at the July Bitcoin 2024 conference. 

There, he promised to create a strategic Bitcoin reserve and to replace Gary Gensler, the current Securities and Exchange Commission chair, a move likely to resonate with crypto advocates.

Amid fluctuating political odds between Donald Trump and Democratic candidate Kamala Harris, the former president’s crypto policies have garnered attention.

Additionally, a Bitcoin bill introduced by Republican Senator Cynthia Lummis from Wyoming has gained traction, aligning with Trump’s vision by proposing a strategic reserve of Bitcoin backed by gold certificates for a two-decade hold.

As the crypto landscape continues to evolve, Trump’s ambitious plans signal a potential shift in US policy that could influence the future of digital assets and blockchain technology especially if Donald Trump were to be re-elected.

@ Newshounds News™

Source: CoinJournal

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CARDANO’S CHANG HARD FORK GOES LIVE, INTRODUCING ON-CHAIN GOVERNANCE

The highly anticipated upgrade turns Cardano's ADA cryptocurrency into a governance token.

Cardano, the layer-1 blockchain launched in 2017 by Ethereum co-founder Charles Hoskinson, activated its highly anticipated “Chang” upgrade on Sunday, marking the ecosystem's long-planned shift towards decentralized governance.

With the Chang upgrade now live, ADA token holders will be able to shape Cardano's future by electing governance representatives and voting on development proposals.

CIP-1694, an official "Cardano Improvement Proposal," describes the new community governance structure and establishes three user-led governance bodies:

the Constitutional Committee, Delegate Representativ es (dReps), and Stake Pool Operators (SPOs). Moving forward, Cardano's three founding entities—the Cardano Foundation, Input Output Global (IOHK) and Emurgo—will no longer have the keys to trigger chain upgrades or "hard forks." Instead, that responsibility will be delegated to the new governance groups.

Cardano is the latest in a string of crypto projects to transition towards a more decentralized structure. The changes bring Cardano further in line with the blockchain industry's decentralized ethos, but they may also be viewed as a way to ward off securities regulators by bestowing ADA with extra utility.

Despite being ranked as the 28th largest blockchain by DeFiLlama, Cardano has consistently drawn attention from the crypto world, not least because of Hoskinson’s colorful personality and routine outspokenness. He originally created the Ethereum blockchain in 2014 alongside co-founders like Vitalik Buterin, but he quickly moved on from the project to build rival Cardano.

Hard forks—significant updates that render older versions of a blockchain obsolete—are a critical part of any blockchain’s evolution. The Chang hard fork is no exception, with its implementation spread across two phases.

The first phase, already live, introduces an Interim Constitutional Committee to temporarily oversee Cardano's governance. This phase is designed to be cautious, limiting the committee’s power to make changes to the blockchain's code while the rest of the ecosystem's governance model takes shape.

, expected to happen in 9The second phase0 days, will fully empower the new governance bodies. “Once everyone is onboard and well-informed, they will be ready to actively participate in governance,” said Giorgio Zinetti, CTO of the Cardano Foundation, in an interview with CoinDesk.

This upgrade is a pivotal milestone in Cardano’s roadmap, marking the beginning of the Voltaire era—a phase focused on achieving full decentralization that has been in the works since Cardano’s inception.

“I would say it is the biggest event in Cardano history, and it really makes us different from many other chains,” Zinetti told CoinDesk.

“I think we are the largest layer 1 with on-chain governance. There are some smaller players, like Tezos and Polkadot, who already have on-chain governance. But if there was a leaderboard, real decentralized layer-1s, we would be number one.”

@ Newshounds News™

Source:  CoinDesk  

Read more:  CoinDesk Aug 20, 2024

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