Bits and Pieces is Dinarland Saturday AM 9-14-2024

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 Sat. 14 Sept. 2024

Compiled Sat. 14 Sept. 2024 12:01 am EST by Judy Byington

Global Currency Reset:  (Opinions/Rumors)

Fri. 13 Sept. 2024 Wolverine:

It looks like it has started.  I said two days ago that Zurich had started. It is a process. If you have not received your blessing it is because it is not yet your turn.  I received intel two days ago from various sources coming out, and one big source came from Mauricio, and he is delighted that things have started.

Wolverine cont……We also have info from San Paulo that there are sovereign payments, and various other places, including Miami.

This is to come through in the month of September and it will be a glorious month. Everyone is to be paid this month, even the Tier4B people, all this within a few days.

We are in a critical stage now. There are evil people in these channels, and would not be surprised even in the Chosen One channel, as well, trying to get as much intel to order to do harm to anyone of us.

I am not going to go to Colombia due to security reasons. Have been asked by close friends not to go.  It is a lovely country, but in every country, there are bad people.  

The US Treasury has been given orders to release the funds. Hold on to your boots – it is coming. 

The Yellow Dragon bonds are to close soon.  Make sure to send me a private message if you are interested, so you can acquire those funds which are so valuable.

I get sporadic intel at any hour of the day. I should have a surprise for you, if all I have been told comes through, then we will have an IMPROMPTU CALL  later on today.

~~~~~~~~~~~~~~

Wed. 11 Sept. 2024 MarkZ: “My expected window opens today (Wed. 11 Sept. through Sun. 15 Sept).

Fri. 13 Sept. 2024 Iraq is having an important meeting this weekend to announce a new digital economic system backed in assets.

~~~~~~~~~~~

Global Financial Crisis:

Fri. 13 Sept. 2024 Libya still cut off from foreign banks, defiant veteran central banker says. Libya’s central bank, at the centre of a weeks-long crisis that has slashed oil output, remains cut off from the international financial system, its veteran governor who was removed by political factions in a contested move told Reuters on Thursday. Sadiq al-Kabir, speaking from self-imposed exile in Istanbul, said the Central Bank of Libya (CBL) board appointed by western Libyan factions to replace him controls the country’s internal payments system but foreign banks are not dealing with it. “All international banks that we deal with, more than 30 major international institutions, have suspended all transactions,” he said, adding that he also remained in contact with other institutions including the International Monetary Fund, the U.S. Treasury and JPMorgan.

Fri. 13 Sept. 2024: “America is going bankrupt extremely quickly. The interest payments on the national debt just exceeded the defense budget.”  …Elon Musk on Telegram

~~~~~~~~~~

Fri. 13 Sept. 2024 Military in training for Implementation of the Emergency Broadcast System. …John F. Kennedy Jr. on Telegram

We hear the schedule is now finally firm, but again I’m just the messenger. Be ready to adjust if needed in regards to possible time changes. Only a select few know the moment of exact and precise timing of events. For security and other obvious reasons it must be properly kept private.

People are urged to stock up on at least three weeks of food and water. Be prepared with food, water, toilet paper, generators etc. for this great awakening reveal.

We will have new currency called the USN US NOTE and gold backed.

The time is now to alert as many who will listen. Do not have too much pride. Go warn those you love even though they think you’re crazy. Your goal for others is truly to help absorb the shock of what is coming.

~~~~~~~~~~

Fri. 13 Sept. 2024 Quantum Financial System, Global Currency Reset, and the Med Beds 5D ~ Trust the Plan! …David Wilcock on Telegram

Get ready for an explosive shift in reality. The Quantum Financial System (QFS), Global Currency Reset (GCR), and the Med Beds are just the beginning. We’re on the brink of a revolution unlike anything before.

As global currencies prepare to revalue, a massive shift is underway. It’s about more than money—it’s about the restoration of freedom and the exposure of hidden technologies, including 6000 life-saving cures long kept from the public. Yes, the elites have hoarded these for themselves while keeping the masses sick and dependent.

The next few weeks will be pivotal. Prepare for the unexpected as the QFS and GCR take center stage. Trust the plan, stay alert, and watch as the storm intensifies. The truth is unfolding before our very eyes, and we’re about to witness the greatest transformation in human history.

Read full post here:  https://dinarchronicles.com/2024/09/14/restored-republic-via-a-gcr-update-as-of-september-14-2024/

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

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
Mr Sammy [Bank manager friend] says soon Iraq will be complete with banking reforms but not to look for new rate until by end of year... FRANK:  I think right along with you because Sudani made that promise and...that was a holy solemn oath.  You can't break that...Twice he's said this year and now he says the reform education is almost done.

Bruce   [WiserNow]  I think this says everything, according to this very good source...after markets close  [Friday]...everything should be released for us...we can begin to set appointments and hopefully exchange starting Saturday. I know redemption center staff told us they would be going in...Friday, Saturday, Sunday...it looks very good for [Friday] or Saturday... Let's see what happens, and we should have a very exciting and wonderful weekend.

Alak has a massage for you

Nader:  9-14-2024

https://www.youtube.com/watch?v=PRkE68YKWsY

Stagflation Warning: JPMorgan CEO Issues an Alert, Says Fed's Rate Cuts May Cause Economic Crisis

Lena Petrova:  9-13-2024

https://www.youtube.com/watch?v=v2JuJPfk6us

“Tidbits From TNT” Saturday Morning 9-14-2024

TNT:

Tishwash:  Launch of the Electronic Payment Conference towards Financial Stability in Iraq

The activities of the Electronic Payment Conference towards Financial Stability in Iraq began today, Saturday.

The correspondent of the Iraqi News Agency (INA) stated that "under the slogan (Enhancing Financial Stability in Iraq), the electronic payment conference was held under the supervision of the Central Bank and in cooperation with the Association of Banks,"

Noting that "the conference was attended by representatives of the relevant Iraqi ministries, governors of foreign central banks, diplomatic missions, international institutions operating in Iraq, information technology companies, electronic payment companies, banks and international financial institutions, in addition to Iraqi and foreign private banks operating in Iraq."

He added that "the banking technologies conference represents an important platform for achieving cooperation between financial and banking institutions in Iraq and international financial information technology companies."  link

Tishwash:  Government Advisor: Iraq Recently Paid 2 Trillion Dinars of Its External Debt

The Iraqi Prime Minister's Advisor for Economic Affairs, Mazhar Mohammed Salih, stated that the government's internal debt has decreased by two trillion Iraqi dinars.

Mazhar Mohammed Salih said, "Iraq is not among the countries with external debt at the present time," indicating that "the external public debt is less than 10 billion dollars, and this will be paid between now and 2028."

He explained that "there are allocations in the general budget to pay off debts, and this is what has made Iraq always in the credit rating and creditworthiness at level B, and it is stable like many countries such as Jordan, Egypt, Pakistan and others."

Mazhar Mohammed Salih noted that "this debt has decreased, because Iraq has not borrowed and its external loans are few compared to its many repayments, especially during the past ten years on a regular basis."

"At the same time, the dual financial crisis in 2014-2017 and the dual financial health crisis in 2019-2020 led Iraq to resort to internal borrowing, not from the Iraqi financial market but from government banks, as if the state borrowed from itself through its policies," according to the advisor to the Iraqi Prime Minister.

He added: "Today, the external debt constitutes less than 5% of the GDP, while the global standard is 60% of the permissible GDP, so Iraq is not considered a final debtor in external debt, but rather very simple things."

He believed that "the largest debt at the present time is the internal debt, which was 78 trillion Iraqi dinars when the state needed to borrow in the dual financial and security crises in 2014-2017 and the financial and health crises in 2019-2021, as the government resorted to internal borrowing and then this debt accumulated."

Mazhar Muhammad Salih revealed that "the internal debt decreased from 78 trillion to 76 trillion Iraqi dinars, meaning that there is an improvement in repayments," considering Iraq's situation "good in terms of external debt and solid and there is no problem at all."

The advisor to the Iraqi Prime Minister pointed out that "there are those who exaggerate this issue, and I believe that this exaggeration is incorrect," stressing that "the debt policy is a solid and well-known policy and has its contexts in repayment and settlements, whether currently or in the future."

The Iraqi government had previously announced last April, through its spokesman, Bassem Al-Awadi, that the government had taken a series of executive measures and adopted a package of financial decisions, which resulted in reducing the external public debt by more than 50%, so that the debt decreased from $19.729 billion at the end of 2022 to $15.976 billion in 2023, reaching approximately $8.9 billion this year.  link

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

Tishwash:  Arab Monetary Fund: We are working with Iraq to build national financial strategies

Director General and Chairman of the Board of Directors of the Arab Monetary Fund, Fahd bin Mohammed Ali Al-Turki, stressed today, Saturday, the need to work with Iraq to build national financial strategies through well-known and technical programs. 

Al-Turki said in a speech during the Electronic Payments Conference towards Financial Stability in Iraq, which was attended by the correspondent of the Iraqi News Agency (INA): "The various regulatory capabilities played a fundamental role in creating a digital regulatory environment to motivate banks and financial institutions to employ modern technologies to transform towards digital transformation and banking services, enhance their efficiency and reduce risks, including cybercrimes."

He added: "In this area, the regulating legislation, electronic financial transfers, digital financial consumer protection and anti-money laundering requirements must achieve a balance between stimulating digital transformation on the one hand and managing and reducing risks on the other hand." 
He continued: "The good design of payment systems and ensuring environmental control between them and their interconnection with other systems such as credit systems would enhance the efficiency of digital transformation and opportunities for economic growth," indicating that "digital transformation is a fundamental factor in reshaping the banking sector in the Arab region." 

He pointed out that "governments and central banks can play a role in supporting digital transformation, by establishing digital regulation, and this is evident from investing in digital infrastructure and addressing cybersecurity challenges, which helps create an environment that enhances innovation and growth in the banking sector."

“What is heartening is what we heard from the Central Bank Governor regarding working on many of these aspects, which is that having a tight regulatory framework is crucial to enhancing digital innovation, as governments should focus on equal opportunities and ensuring that regulations are consistent to reduce risks,” he said.

He explained that "investing in digital infrastructure would stimulate digital banking services that help enhance access to banking services and products for the population using the financial system and non-using the financial system, adding: "The Arab region has renewed modern financial technology companies in its countries for increased investments, reaching 1,500 companies by the end of the first half of 2024 compared to less than 300 companies four years ago in financial activities worldwide and the region." 

He added that "important global modern financial technology statistics provide huge opportunities for investment in this sector, as total investments in modern financial technologies in 2023 amounted to about 115 billion US dollars, and investment in this sector is expected to continue to grow steadily until it reaches 325,000,000,000 by 2026. According to the International Finance Report, the Arab region has faced varying attacks over the past four years, in addition to the digital gap can vary."

He added: "There is still a digital gap between developing and developed countries, which limits the spread of digital payments in some regions, in addition to relying on technology without creating systems Alternative, which makes digital payments vulnerable to disruption in the event of any technical problems.”
He pointed out that "with the increase in the number of financial transactions and their expansion, the use of artificial intelligence emerges in this context, as it can contribute in the field of digital expansion to revealing huge amounts of data in a short time and searching and detecting abnormal patterns that may indicate fraud operations." He explained that "this is done using machine learning techniques that learn from previous data and accurately and quickly identify suspicious natural and abnormal patterns.

It also helps monitor and analyze the behavior of users of financial services to ensure normal payment patterns. If any unusual activity is detected, the system can send immediate alerts to verify the validity of transactions. In addition, artificial intelligence techniques are used to strengthen digital identity applications such as voice recognition to verify the user's identity before completing financial transactions, which increases the level of security. Understanding the full objects of the number and financial technologies requires continued attention to many aspects." 

He pointed out that "the Governor of the Central Bank of Iraq mentioned many things, most notably investment in infrastructure represented by the extensive use of mobile phones, especially in remote areas, and the development of agency networks that meet the need of individuals to carry out withdrawal and deposit operations at the local and regional levels, and the distribution of the scope of digital identity, including electronic fingerprint systems and the expansion of open application program interfaces, which are available to the public so that developers can access software that represents property rights so that new applications can communicate and interact with each other."

He continued: "Developing legal and regulatory frameworks that allow users of financial services to organize their use and ensure a competitive environment, taking into account the importance of whether non-banking institutions should be allowed to access the infrastructure of national banks and issue electronic money and how to do so, and paying attention to developing regulatory and supervisory capabilities to reduce risks and enhance financial and digital awareness and education."

He stated that "modern financial technologies play a major role in achieving the goals of financial inclusion, and in recent years, cooperation between institutions and parties in the financial sector has led to sponsorship and encouragement from Arab central banks to achieve real progress in the levels of financial inclusion in the Arab region, as it received the benefits of central banks, financial service providers and government agencies from financial technologies to expand access to financial services for those not dealing with the banking sector according to the database of the global Tex Index and the World Bank."

He stressed that "there is a significant increase in the adoption of digital financial services in the Arab region, especially after the Corona pandemic, as the percentage of adults compared to what it was in 2017, which was 30%, was reinforced by the spread of mobile phone services, as the task of distributing access to digital services in rural areas was represented," adding that "the praise and cooperation between the Arab Monetary Fund and the Central Bank, whether through the active participation of the bank's cadres in the work of the committees according to the work emanating from the Council of Governors of Arab Central Banks or through the famous and technical programs with the Central Bank of Iraq, which include contributing to building national strategies for financial contribution."  link

Mot: Ya Know.. She just Might have a Point = Huh!!!! 

Mot: ....... YES!!! == a Believer I Am!!! 

More News, Rumors and Opinions Friday PM 9-13-2024

From Recaps Archives

Never Sell Your Seed by GTabDinar

Hi Mateys! You know….a long time ago I was listening to my grandfather talk about when times were tough on the farms of America…around the time of the great depression (we are close to that these days). He said that his family would live from day-to-day just hoping to make ends meet until the next crop was harvested.

They had planted the crops, watered them, weeded them out, nurtured them, fertilized them, watered them some more and then they harvested them. The harvest needed to last throughout the long winter that was to come, in addition, until the new harvest of that year’s crops.

 Along with the harvest, they would always save some seed for next spring’s planting. Hopefully more seed than they planted the year before; always looking to provide more for their families and perhaps to help others.

During the winter things got so tough that they had to make ends meet by working additional jobs, cutting back on all expenses and finding other ways to survive the long winter and spring months.

One year it got so bad, things had to be sold in order to buy food to eat and survive. He told me his Father told him that they would “never sell their seed.” He did not know what that meant until later on in life.

In short, his Father and Mother knew that in order to make it next year and the years far after that (and to expand the crops for the future), they had to save their seed. The seed was worth a fortune, but they never sold it.

Without the seed there was a very slim chance to plant the following year’s crops.

On a daily basis, I get emails, IM’s and calls from fellow Mateys and others who are so tired of the ride that they want to just get out and sell their Dinar.

Your Dinar is your seed.

That is the worst thing anyone can do at this point in the journey. I have counseled many to not do that. Do whatever else you need to do….but don’t do that! We are so close to the end that we can see land on the horizon.

Now is not the time to get rid of your Dinar. Sell whatever else you can, if you have to, to make ends meet…but never sell your seed if you can avoid it.

Make drastic changes in your lifestyle, if needed but once again….never sell your seed. Without it….you have no chance of growing crops for future years and even increasing crop production for future years. This is a full reference to income in future years. Crops are your income.

These requests also remind me of my coaching career. I would always tell my kids (all 400-500 of them!) to never quit. You may be getting beat up on the field but you never….never….never quit. There is always the next at bat. There is always the next play. And there is always the next game.

If you quit now…you will have very little chance of playing again, much less winning a game, or getting a hit. Baseball is like life and life is like baseball. Sometimes you win; sometimes you lose….but you never stop trying. NEVER!!!

To sum this all up, I have a love for people in general….and my Mateys in particular. Like I have said before….I wish I could make all our problems go away. I cannot. But if you ask me, I will tell you not to quit. And never…..never…..NEVER….. sell your seed!

 You’ll need it to live your life in the future to the fullest. Lots of nevers today huh?!?!!

Our Lord expects this from us. BTW…I read the last chapter….we win! Thanks Mateys and wake up rich! In more ways than one!!!   

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

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

Militia Man  Article from Saleh financial advisor for the prime minister...they're getting ready to be able to export natural resources, agriculture...It's the economic renaissance...They've been talking about maximizing their non-oil revenue and reducing debts.  They've been knocking it out of the park...

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:  We are seeing a commercial on TV.  It's 5 or 6 minutes long showing our new cards we are going to be receiving in the mail very shortly they tell us.  They're showing the citizens going to banks and ATMs getting money out.  They are showing us how to do this...This informational stage we are in is like Mr. Sammy [Bank friend] said, it will last for the rest of the year.  FRANK:  The commercials are now starting because Alaq has returned...

We Are In A Debt-Based Collapse | Francis Hunt

Liberty and finance:  9-13-2024

Francis Hunt provides an in-depth analysis of the current precious metals market. He emphasizes that the ongoing surge in gold prices is driven by a global shift away from fiat currency and a looming debt-based collapse.

Hunt suggests that while gold remains the most promising investment, silver is expected to eventually outperform but may need more time to gain momentum.

Overall, Hunt suggests investors to focus on gold and cautiously consider silver, given the broader economic uncertainties and potential for significant market shifts.

INTERVIEW TIMELINE:

0:00 Intro

1:10 Gold's surge

3:59 Gold's chart

12:45 Catalysts for gold

16:38 Platinum and palladium

20:30 Economic update

https://www.youtube.com/watch?v=287-aQk5J68

Seeds of Wisdom RV and Economic Updates Friday Afternoon 9-13-24

Good Afternoon Dinar Recaps,

Legal Experts React as SEC Regrets Confusion Over Its Crypto Asset Security Claim

The U.S. SEC expresses regret for any confusion it may have created through the use of its invented term, “crypto asset securities.”

In an interesting development, Coinbase’s Chief Legal Officer (CLO) Paul Grewal called the public’s attention to the SEC’s recent efforts to backtrack on its claim that crypto assets themselves constitute securities.

SEC Regrets Confusion Over Its Crypto Asset Security Definition
Per Grewal, the SEC made this move in footnote six of the amended complaint in the Binance lawsuit.

Notably, the SEC said it regrets any confusion it may have invited by repeatedly using the term “crypto asset securities.”

According to the SEC, the term does not imply that the crypto assets are inherently securities themselves. Instead, it uses the term as a shorthand for the expectations, set of contracts, and understanding surrounding the sale and distribution of the token.

Interestingly, the SEC vowed never to use the term in the proposed amended complaint (PAC) to avoid further confusion.

SEC Backtracks
Last year, the SEC labeled ten crypto assets, including Solana (SOL) and Cardano (ADA), as securities in its lawsuit against Binance. A year later, the regulator requested that it wished to amend its complaint, eliminating the need for the court to issue a verdict characterizing the tokens as securities.

The SEC officially filed the amended motion yesterday, expressing regrets for the confusion its use of the term crypto asset securities has created in the lawsuit.

Notably, Binance is required to file a response to the SEC’s motion for amendment by October 11, 2024. The world’s largest exchange is expected to either consent or oppose the SEC’s request.

Legal Experts React
Expectedly, top legal experts reacted to the SEC’s backtracking and admission of its wrong usage of crypto asset securities.

Grewal, who called the public’s attention to the development, criticized the SEC, questioning how Ethereum (ETH) transactions were no longer classified as securities while the ten tokens at issue in the Binance lawsuit remain under scrutiny. He asserted that the SEC might reveal this sudden change only when it takes legal action against an entity.

The Coinbase CLO added that the SEC has a long history of treating tokens as securities, questioning why the regulator chose to mislead the court with its recent filing. Interestingly, Grewal mentioned Ripple’s CLO Stuart Alderoty in the X thread, humorously stating that the SEC’s admission of wrongdoing would leave him perplexed.

Reacting, Alderoty noted that the SEC admitted two things in the Binance lawsuit. First, the agency acknowledged that crypto asset security is a made-up term. Second, it requires a bundle of contracts, understandings, and expectations to prove that a crypto asset security is an investment contract.

He added that it is about time the SEC admitted that the agency has become a twisted “pretzel of contradictions.”  

Furthermore, prominent legal expert James Murphy (a.k.a. MetaLawMan) expressed outrage about the SEC’s recent admission.

The pro-XRP lawyer criticized the SEC’s “make it up as you go along enforcement strategy,” suggesting that the approach has harmed U.S. investors, damaged the country’s reputation for innovation, and harmed American companies.

@ Newshounds News™

Source:  The Crypto Basic

~~~~~~~~~

SEC Surprisingly Details Exemptions From SAB 121, Further Muddying the Waters

Paul Munter, Chief Accountant at the SEC, revealed in a speech earlier this week that the SEC has granted exemptions to rules relating to the custodying of crypto assets that have been widely reviled in the industry.  

Earlier this week, the SEC’s Chief Accountant revealed in a public speech that the agency had granted exceptions to SAB 121, the controversial accounting rule that’s been heavily criticized in the industry for making it impractical for financial institutions to custody crypto assets.

Issued in March 2022, SAB 121 requires that a bank custodying crypto put the assets on their balance sheet and create a corresponding liability equal to the worth of the crypto, which is unusual as other custodied assets are typically listed off the balance sheet.

The result of this rule means that financial institutions must hold an enormous amount of capital just to custody crypto assets, making it prohibitively costly to do so.

In a speech at a conference on Monday, however, SEC Chief Accountant Paul Munter disclosed that certain companies had been granted exemptions from SAB 121, and did not need to create a liability on their balance sheets when custodying digital assets.

Munter mentioned that several entities had received this exemption — including a bank and various brokerage houses and blockchains — without specifying who they were.

In Munter’s speech, he described the different ways that the three types of entities could receive an exemption.

In the case of a bank, the pathway involved working with a state regulator first to ensure that crypto assets being custodied would return to the customer in the event of a bankruptcy, and that activity with customers would only comprise institutional custody with sufficient controls in place to manage risk. 

For a brokerage, an exemption could apply if the broker is not in possession of the cryptographic key and works directly with the customer — essentially, not custodying any crypto itself. 

Finally for a blockchain, Munter highlighted how a distributed ledger tracking holdings and transfers of digital assets, without custodying any crypto, could exempt it from SAB 121.

Political Backlash
Senator Cynthia Lummis (R-WY), a longtime supporter of the crypto industry, strongly criticized the moves in a statement to Unchained.

“The SEC is clearly trying to sidestep Congress and the Congressional Review Act by having one-on-one meetings to determine whether or not it will enforce SAB 121 on a case-by-case basis,” Lummis wrote.

Lummis has been trying to overturn SAB 121 reversed for some time, asking the Government Accounting Office (GAO)  in early 2023 to determine whether the SEC did more than provide guidance and actually created a rule. 

The GAO subsequently released a report at the end of October 2023 agreeing with her, and Lummis then argued that the SEC had violated the Congressional Review Act (CRA) because it did not follow the correct process for establishing a rule (the CRA requires federal agencies to submit rules to the House and Senate before they take effect). 

Lummis subsequently worked with Rep. Mike Flood (R-NE) and Rep. Wiley Nickel (D-NC) on a resolution to overturn SAB 121 on the grounds that it violated the CRA.

The resolution passed, but was then ultimately vetoed by President Biden on the grounds that overturning SAB 121 would jeopardize the well-being of consumers and investors.

On Wednesday, Lummis further noted that Munter’s speech “seems entirely political, as the SEC staff should be transparent with issuers, investors and Congress by revising or rescinding SAB 121 directly, not making policy through speeches. I am incredibly concerned with the approach the SEC is taking and will continue to ensure it is not unfairly targeting the digital asset industry.”

Industry Reaction

Aaron Jacob, CEO of TaxBit, a company that  provides tax and accounting compliance solutions for digital assets, mockingly described the SEC as using a “ready, fire, aim” approach to accounting guidance for crypto custody. He pointed out the confusion initially caused by the release of SAB 121, and then the additional  confusion created by Munter’s speech. 

“[SAB 121] is not very extensive guidance,” Jacob said. “It’s only about a page-and-a-half long, clearly targeted towards folks like Coinbase and…publicly-traded companies that are ‘safeguarding customer assets,’” said Jacob.

Jacob said he was shocked when he realized that Munter had revealed exceptions to SAB 121 in his speech.  “A lot of people are scratching their heads saying, ‘Well, what was the point of this to begin with? Some banks argue with the SEC behind closed doors, and apparently get a free pass [from SAB 121].’” In Jacob’s view, the SEC’s exceptions were a way for the agency to acknowledge that it had overstepped.

In a post on X on Friday, Alex Thorn, head of research at Galaxy, agreed that the exceptions seemed to be a way for the SEC to backtrack without totally abandoning SAB 121.

“If I’m being honest, it looks like the SEC never thought banks would want to play in crypto, intended this rule to apply only to crypto-native companies (perhaps punitively), and has now crafted a way to let traditional banks off the hook in a way that saves face by not reversing their posture of the last 2 years,” Thorn wrote:

Industry trade associations also expressed concerns with Munter’s speech.

 “Unfortunately, SEC staff have reaffirmed their stance on SAB 121, but have now outlined certain scenarios they consider outside of its scope – with the announcement coming in a speech at a conference,” said Patrick Kirby, Policy Counsel for the Crypto Council for Innovation. “SAB 121 limits consumers’ options to safely custody their digital assets and upends decades of bank custody practices.”

Taylor Barr, Senior Policy Associate from the Digital Chamber, agreed. “The SEC’s cherry-picking of a few scenarios where firms fall outside the scope of SAB 121 doesn’t change the fact that SAB 121 is fundamentally flawed and untenable,” Barr said. “These exceptions only highlight how arbitrary and inconsistent the rule is,” said Barr.

One source from a bank who wished to remain anonymous because of ongoing discussions with regulators, agreed it is accurate to note there are scaling hurdles because of SAB 121, in that it has been difficult to grow and expand the business of digital asset custody due to the accounting requirements of SAB 121.  

For his part, Jacobs suggested the SEC just needs to be clear about its stance on requirements for crypto custody. “I think they should, whether it’s repeal or amend [SAB 121], do something to make it more clear… and people will applaud those efforts,” Jacobs said.

@ Newshounds News™

Source:  Unchained Crypto

~~~~~~~~~

England High Court Rules Tether USDT Stablecoin is Property

In what is certainly an important development for the digital asset sector, England’s High Court of Justice has ruled that Tether’s USDT stablecoin is property. Indeed, the asset has officially fallen under the distinction as the UK continues to establish key property rights for these tokens.

Just a day earlier, a UK bill was introduced to establish all cryptocurrency as property. This would provide key legal protection for holders within the country. Now, England is following suit, with the key designation being given to the largest stablecoin by market cap.

England Rules USDT is Property in Key Decision

The ongoing push for regulatory clarity regarding cryptocurrencies has been a vital effort. The growing industry has too long suffered from a lack of standards that has only obfuscated the potential impact of the technology. With the prominence of these assets growing, that has begun to change in 2024.

Now, legislation is coming to the forefront, greatly shifting how these assets are perceived. Specifically, England’s High Court has ruled that Tether’s USDT stablecoin is to be considered property. Moreover, this comes after the UK introduced legislation clarifying crypto as personal property.

In a new filing, Deputy High Court Judge Richard Farnhill said “USDT attracts property rights under English law.” Moreover, he added that “it can be the subject of tracing and can constitute trust property in the same way as other property.

This ruling reinforces the introduced legislation that would classify cryptocurrencies as property. That bill was read for the first time in Parliament on Wednesday. However, they note it is not a thing ‘in possession,’ as money would be considered, or a thing ‘in action’ like shares.

Yet, that doesn’t change the fact that it is property, nonetheless. Such a judgment should be vital for the industry’s continued growth. Proving the necessity to observe crypto as its own entity. It isn’t an existing object, it is the evolution of finance as we know it.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

EU Regulator: Stablecoin Standards Will Become Official Before Year-End

The European Banking Authority has provided an update on the journal publication of stablecoin standards. The EU regulator said Wednesday that 15 technical standards, including those for stablecoin issuers, will become official before the end of 2024. The technical standards will be published under the European Union’s Markets in Crypto Assets (MiCA) Act.

The new rules will cover standards for authorization, stress testing, and methods to estimate the number and value of transactions for stablecoin issuers. The MiCa rules were passed last year.

The commission is reportedly looking over the standards. needing to decide whether to adopt the texts as is or to request changes. Once the commission has signed off, the rules will need to be looked at by the European Parliament and European Council before implementation.

Following the EU Parliament and EU Council’s observations, the rules have to go through translation and formal adoption before being published.

Circle was the first global stablecoin issuer to comply with MiCA. Circle’s Electronic Money Institution license enables both USDC and EURC to be issued in the EU in compliance with MiCA’s regulatory obligations for stablecoins or e-money tokens. It also gives Circle a top position in grabbing market share among the 27-nation trading bloc’s 450 million people

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

CBI UPDATE  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team - Currency Facts

~~~~~~~~~

THE STRIKES HAVE BEGUN  |  Youtube

@ Newshounds News™

Source:   Newshounds News

 ~~~~~~~~~

Newshound's Currency Facts Youtube

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

Bruce’s Big Call Dinar Intel Thursday Night 9-12-24

Bruce’s Big Call Dinar Intel Thursday Night 9-12-24  

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It is Thursday, September the 12th  and you’re listening to the big call. Thanks everybody for tuning in once again, and I hope we have some good information, and I think I have some up to date. I mean, talking about the last 15 minutes, getting something that is fresh to us. So that was a pleasant surprise.

Okay, all right, did we get a time hack? Bob, I don't remember if we did 10:15, okay, great. I think we can get this done in 15 minutes. You guys. I won't go on and on but I do have some important information for us.

So first of all, let's address a couple of things that Jeannie brought out in her prayer request tonight.  One was R and R – I believe the other was Social Security increases  - that type of thing –

 All right, so on the social security increase, what I'm getting from our contact, who knows a guy is in social in the Social Security office in the center of the central part of the country. He said that this increase that we're looking for should happen, I'm going to say the third and fourth week - Third and fourth Wednesday of the month, it should happen and include, and be included in the amount of Social Security you receive.

If it doesn’t show up there It should show up by the end of this month, so, if you have already had Soc Sec the first Wednesday  - or the second Wednesday, which was the 11th - So that would have been the fourth and then the 11th, you should still get that increase as a separate payment showing up in that account, in your bank account that receives Social Security by direct deposit.

You should get that if this information holds out before the end of the month this month. So that was encouraging to have that.

And regarding R&R, what we're hearing is that the restitution and retribution allowance, that's a different way of saying reclamation, retribution allowance, r, and r is going to show up for those of us who are exchanging  currency and redeeming zim, that will show up in our quantum account, and it is there already,

And we'll have in that in that account. And then we can go, when we go for our exchanges and Zim redemption, we can move, once we've done that and we have a pile, as Bob likes to say, a pile of money that is going into our quantum account - we can move a portion of that into our primary or secondary Wells account, and have that lined up for us.

And don’t be shy of moving money, I mean, some people are moving tens of millions or 100 million or whatever, and some of us are going to move a billion into each of our LLC accounts, which I have four. So that's my plan. You do what you guys feel – and remember - You can go back for 30 to 60 days for your projects, and it should -  whatever you move -  but just be smart and don't move everything in.

But just move a portion of it in when you're ready to Okay, and that's the only reason you will have a quantum card. Quantum we call it quantum access card. It sounds weird to say QAC so quantum card is  a card that's the size of a credit card three times as thick, and it's only used to move funds from your quantum account into a bank account, like a Wells or Chase or, oh gosh, there's so many different banks.

You should have about three banks that you're able to tie into your quantum account - three banks. That's what I've understood. That may or may not change - But in terms of moving funds into your Wells account first and then, whether you want to move to your Chase or your Bank of America account, or your Citi account, or your other banks - That's up to you, all right,

So that I wanted to get that out of the way. The other thing is that I got Social Security. When does the retribution come out for other people that are not exchanging Zim? Thank you, Sue. That's good.

 It should occur by the end of this month - I don't, I don't know that it'll come out sooner. We've already gone past the first 10 days, in this month - it's already the third, almost the 13th. It's the 12th. So any deadline that we thought we had to get R and R in for everybody has passed. And I think now we're looking at possibly the next 10 days of the month, but it could very well be by the end of this month. Okay, that's good question. Sue. Thank you for helping me on that.

The other thing is debt forgiveness. Debt Forgiveness, or debt jubilee, is to occur starting this month, and we thought it would  occur and it didn’t - in August, but it should occur in this one. And again, I -- this is my personal opinion, and I think this is a good one when it comes to RNR and debt forgiveness, those except for a few situations, will occur after the RV has occurred, and we have toll free numbers, and we’re setting appointments for our exchanges –

 I believe that’s going to end up being the case -  we'll see. So look for more on that information to hit in the last couple of weeks of this month, of September.

Let's go on beyond that. What we're hearing today is very positive for our bondholders. We and realize that those of us in tier four, that's 4A and  4B are supposed to be on a quote, unquote shotgun start with tier three our bondholder friends.

Now those guys put up their bonds for the most part  - we still have some people with sheet bonds  that have not taken them in – If you have them - bring them with you to your redemption center appointment - but you also let them know when you make your appointment that you have so many sheet bonds - and the type that you have. I've got XYZ number of railroad bonds - I've got some German bonds - I've got whatever you have that you have like that - Let them know when you're on the phone with the redemption center, what you're bringing in, apart and above your currency and your zim  which is essentially a bond.

 They know that - We know that - we're not talking about zim – I’m talking about “sheet bonds”, okay? And I hope you have the provenance  to go with them so they can knock those out for you -  and let them know so they can give a longer period of time for your exchange.  Becaiuse it will take a little while

It’s one thing to do currency  on a Delarue machine -  and do zim but It's another thing entirely to hypothecate these zim bonds - I don't mean bonds  sorry -  but “sheet bonds” okay, important that you let them know you and let them and let them know approximately how many, if you've got a banker's box full of sheet bonds, let them know if you've got two or three or 10, let them know that.

Okay, just let them know, because they will be able to navigate and negotiate those during your appointment. Okay, that's it. Now, what else - when it comes to what the bondholders have been able to do, they can see the funds from various of their bonds in their account. They can see it.

They can’t get access to it until tomorrow, we've had some people with bonds that have gone in for appointments today to navigate and to get the quantum card up and running for them with one bank or another bank, and maybe a third bank they have appointments with tomorrow to do the same thing with their quantum account card and get all everything put in.

You remember, we talked about biometric fingerprint, we talked about new username, brand new password, five digit PIN code, which would be brand new to them and their email - those five things, and there may be one or two other things that they need to do – but that would get them access.

 And my understanding is for certain people that we know are to gain access once they do that tomorrow – gain access to their funds have access to them ,which is great news because I believe it says something about  when “we” in tier  4B and 4A are to be notified. It should. Tomorrow's Friday the 13th. I think it could be our lucky day. And I mean that in the sense that another piece of Intel, I think I told you this in the intro.

The other piece of Intel received today,  and it’s not much, but I think this says everything, according to this very good source, we should receive everything going out after markets close tomorrow, which is 4pm Eastern, daylight time when the markets close, meaning the stock markets when they close tomorrow, everything should be released for us.

That would be our emails that the toll free number included, and that way we can begin to set of appointments and hopefully exchange starting Saturday. I know redemption center staff told us they would be going in today, Friday, Saturday, Sunday, all four days in a row, and they are doing that so that they can be there - Okay, tomorrow, quite possibly, they're there to receive our calls once we call in the 800 number, and we get the information given to us that we enter on the AI system, and then we get switched to the redemption center that is closest to our zip code that we put in - then we should speak to a live human being – not a computer -  we get a live person to talk to them and finish setting our appointment there, and it shouldn't take more than two minutes to set our appointments - That's what they're counting on.

 It's not it's not a time to ask 20 questions. Just get the very basic information you need, and they'll probably end up being able to send you a confirming email letter with the address of the location or whatever. I don't know.

I don't know what they're going to do, but I know that you're going to have a way to know what your appointment is, where it is, fact that you're going to get there no more than 10 minutes before your appointment, time –

If you’re running late and you can't make it -  you’re  Sol until the next time you reschedule.

Don't think you can run late to this. If you're somebody who is consistently late for anything, make sure you get there early for this. 10 minutes early. That's when you want to arrive to the redemption center, not to banks. This is to redemption center.

Now to be fair - some redemption centers are attached to banks. They're usually a separate building or separate entrance, or whatever it could be attached to a bank.

Okay, so don't be turned off by that. Let there be people there to verify your currency and count itvon the Delarue machine -There'll be, you know, US Marshals there in case you are to try to pull something over their eyes, and they're going to not want any of that to happen – no shenanigans, and you could be removed from the premises, if that was to be the case –

All right, so here's what I’m saying - it looks very good for tomorrow or Saturday.  Obviously, I'm hoping, just like you guys, it is tomorrow and we get notifications after four tomorrow afternoon when the markets close. So be looking for your emails tomorrow after four. Let's see what happens, and we should have a very exciting and wonderful weekend.

Maybe we get pushed off to early next week - , but I have not heard that that is absolutely going to be our way. I would think  if these could come out - after the march closed at four, we could be setting appointments tomorrow, and then we could get started on exchanges on maybe on Saturday.

And don't think just because the bank is open till one or two on a Saturday, that influences the hours of the redemption center. It doesn't.

Redemption centers could be open as early as eight in the morning or earlier and go really late. They could go all the way to 11 or 12 o'clock at night. They could go to midnight. It’s going to depend on the Demographics of the area where you live or where you're applying to.

Don't be surprised if you could set an appointment as late as 10 o'clock at night. You know, I say, I think they want to get this in. They want this Zim  in yesterday, - they want it in there, because it hydrates the banks,  it really does -  it gets the banks and US hydrate with funds.

So I think it's, it's a great situation we find ourselves in. I was hoping for my last piece of Intel came in 15 minutes to start with the big call. That's amazing. So thank you Jesus for that.

All right, that's everything I want to say tonight, All right, so I wanted to tell you that, and let's go ahead and thank everybody. Sue. Thank you. Thank you Bob. Excellent call for both of you tonight, I think.

And Thank you big call universe for listening these 13 years. Thank you staff team to so many listeners around the globe. So it's a wonderful benefit that I'm just thrilled that we were able to get that done and that you guys made that available to us.

 We got to see if we get our numbers tomorrow, after markets close at four Eastern tomorrow.

Bruce’s Big Call Dinar Intel Thursday Night 8-29-24   REPLAY LINK   Intel Begins   1:13:30

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH5uP

Bruce’s Big Call Dinar Intel Tuesday Night 9-10--24  REPLAY LINK  Intel Begins 1:07:27

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH5TN

Technical difficulties with  Bruce's Recorded Call Transcription -  Please clink on the link below and listen to all or partial recording - Bruce's intel segment begins at approximately the 1:02:02 time frame  - thank you

Bruce’s Big Call Dinar Intel Thursday Night 8-29-24   REPLAY LINK   Intel Begins   1:02:02

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH5SS

Bruce’s Big Call Dinar Intel Tuesday Night 9-3--24  REPLAY LINK  Intel Begins 1:04:04

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH5Uy

Bruce’s Big Call Dinar Intel Thursday Night 8-29-24   REPLAY LINK   Intel Begins   1:10:50

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH5jv

Bruce’s Big Call Dinar Intel Tuesday Night 8-27-24  REPLAY LINK  Intel Begins 1:19:19

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH5Dy

Bruce’s Big Call Dinar Intel Thursday Night 8-22-24   REPLAY LINK   Intel Begins   1:32:32

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHhEg

Bruce’s Big Call Dinar Intel Tuesday Night 8-20-24   REPLAY LINK  Intel Begins 1:00:25

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHh5q

Economist’s “News and Views” Friday 9-13-2024

Jamie Dimon Issues URGENT Warning

Atlantis Report:  9-12-2024

Jamie Dimon the CEO of Chase Bank Just Gave A Serious Warning. As some search for their chase bank login, they should hear this warning about interest rates.

 His recent pronouncements about the U.S. economy have sent ripples through financial markets and sparked concerns about a potential economic downturn.

As the head of one of the world's largest and most influential banks, Dimon's words carry significant weight and have caught the attention of policymakers, investors, and the general public.

This news has caused a stir in the financial world. Today, Dimon's warning changes everything. The stock market has been experiencing volatility as stocks fluctuate in response to recent financial news and developments in the business news sector.

In today's stock market news, major institutions such as Chase Bank and Bank of America are in the spotlight. US news headlines highlight concerns raised in finance news about a potential crisis.

Recently, Jamie Dimon Issues An URGENT Warning about the current economic environment, and the Chase Bank CEO sends warning of a possible bank run if conditions worsen.

Analysts fear that a bank collapse could occur, with some pointing to signs of a Chase Bank crash and a looming Bank of America crisis.

 The banking system crisis has left investors on edge, with discussions of whether multiple banks collapse could destabilize the economy.

https://www.youtube.com/watch?v=D7VG7DdUCLQ

"Start PREPARING Yourself..." | Ray Dalio

Freeinvesting:  9-12-2024

https://www.youtube.com/watch?v=iUCYIj1dg6o

SITUATION CRITICAL...You THINK Its Bad Now? WELL, YOU HAVEN'T SEEN ANYTHING YET!

Greg Mannarino:  9-13-2024

https://www.youtube.com/watch?v=v9tlPoMJaJc

Seeds of Wisdom RV and Economic Updates Friday Morning 9-13-24

Good Morning Dinar Recaps,

New Bill Seeks To Reconcile Regulatory Division Between SEC and CFTC

The bill would establish a 20-person committee of independent stakeholders tasked with advising both the SEC and CFTC.

A new bill introduced to Congress aims to bridge the regulatory divide between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) concerning cryptocurrency.

On Sept. 10, Republican Congressman John Rose, a member of the House Financial Services Committee, proposed the BRIDGE Digital Assets Act, which seeks to establish a Joint Asset Advisory Committee on digital assets.

The committee would comprise 20 representatives of the private web3 sector, including digital asset issuers, academics researching digital assets, individuals registered with the Commissions engaged in digital asset-related activities, and digital asset users.

Committee members would be tasked with advising the commissions on crypto regulation, identifying opportunities for distributed ledger technologies to improve operational efficiency in financial markets, and “further the regulatory harmonization of digital asset policy between the commissions.”

Speaking to Eleanor Terrett of Fox Business, Rose criticized the regulatory status quo regarding digital assets, which has recently been defined by the SEC’s controversial campaign of regulation by enforcement.

“The current heavy-handed, regulation-by-enforcement approach isn't working and is instead encouraging investment in this key innovation overseas,” Congressman Rose said. “The joint advisory committee on digital assets will provide a framework for the government and private sector partners to cooperate on a path toward success for the regulatory landscape of digital assets and private sector participants."

Should the bill pass, the committee must be established within 90 days of its enactment. The advisory committee would meet twice annually, with the first meeting to be held within 180 days of the bill passing.

The committee would deliver findings and recommendations to both agencies, which must then issue public statements detailing their responses.

Regulatory harmonization
The committee is intended to facilitate collaboration between the two agencies, which have struggled with disagreement over their respective jurisdiction and regulatory apparatus regarding crypto.

The CFTC has consistently asserted that many digital assets should be classified as commodities and fall under its jurisdiction, while the SEC has argued that the vast majority of digital assets qualify as securities.

This regulatory divide has created uncertainty for projects and investors, and resulted in clashes between the two regulators.

Rose’s bill aims to address these issues by ensuring that the SEC and CFTC must work together to establish regulatory guidelines for the web3 sector.

SEC and CFTC clashes
The SEC and CFTC have been at odds over how to regulate the digital asset sector in recent years, with both agencies sparring over jurisdiction.

In June 2018, William Hinman, head of the SEC’s Division of Corporate Finance, declared that both Bitcoin and Ethereum were sufficiently decentralized not to comprise considered securities. 

In February 2020, CFTC Chairman Heath Tarbert echoed the same sentiment, stating that both Bitcoin and Ether should be treated as commodities under the Commodity Exchange Act.

However, tensions ignited after Gary Gensler took the helm of the SEC in 2021, with Gensler asserting that the majority of crypto assets are securities. Notably, the SEC filed lawsuits against major centralized exchanges Coinbase and Binance in 2023, arguing that many crypto tokens and services constitute unregistered securities offerings.

Ethereum emerged as an issue of contention for the two regulators in 2023, with the CFTC regulating digital asset futures products as commodity assets while the SEC launched a secret investigation into whether ETH is a security in March of that year.

In March 2024, Behnam warned the SEC’s apparent position that Ether is a security threatened to place CFTC-regulated exchanges that list Ether as futures contracts in "non-compliance of SEC rules” despite them simultaneously adhering to CFTC guidelines. In July, Behnam said at least 70% of digital assets are commodities and should be regulated by the CFTC.

U.S. courts have recently pushed back against the SEC as well, with Judge Analisa Torres ruling that digital assets do not inherently comprise security investment contracts — even when distributing through primary sales that are securities offerings — while presiding over the SEC’s lawsuit against Ripple. The verdict has since been cited as precedent in subsequent court rulings.

@ Newshounds News™

Source:   The Defiant   

~~~~~~~~~

US sanctions Cambodian senator involved in crypto-related human trafficking scams

The U.S. Department of the Treasury’s Office of Foreign Assets Control has sanctioned Cambodian businessman Ly Yong Phat for his role in operating cyber-scam centers that exploited trafficked workers to run crypto scams.

In a Sept. 12 press release, Phat, who is also a Cambodian senator, along with his conglomerate L.Y.P. Group and associated entities, was involved in serious human rights abuses related to forcing trafficked workers to participate in online scam operations.

These scams usually centered around convincing targets to invest in false cryptocurrency schemes or bogus foreign exchange trades, often leading to significant losses.

@ Newshounds News™

Read more:  Crypto News   

~~~~~~~~~

XRP Dominates Korean Markets With 112% Volume Surge

According to CoinMarketCap data, XRP, the seventh largest cryptocurrency by market cap, is witnessing a 115% surge in trading volumes. 

In the last 24 hours, XRP's trading volume on the crypto market, which refers to the total number of XRP exchanged between buyers and sellers, came in at $1.83 billion.

XRP has likewise catapulted to the top of the trading charts in South Korea, showcasing the cryptocurrency’s growing appeal in the region. 

According to the latest CoinMarketCap data, XRP is currently one of the most traded cryptocurrencies on major South Korean exchanges, surpassing even the likes of Bitcoin and Ethereum.

For instance, on Upbit, the largest cryptocurrency exchange in South Korea in terms of trading volume and customer base, XRP was the most traded asset in the last 24 hours.

Likely explanation
South Korean traders are known for their active participation and quick response to market trends, hence XRP's dominance on the market might not be far-fetched.

Crypto asset manager Grayscale Investments announced the launch of the Grayscale XRP Trust, which helped boost the price of the seventh-largest digital asset by about 10% in yesterday's trading session.

XRP rose to highs of $0.588 before slightly retreating, although the gains were still sustained at press time. XRP is higher in the last 24 hours by 4.53% to $0.563, with a market value of $31.77 billion, according to CoinMarketCap data.

Grayscale trust aims to allow investors to gain exposure to XRP and will be available to eligible individual and institutional accredited investors.

@ Newshounds News™

Source:   U Today  

~~~~~~~~~

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

News, Rumors and Opinions Friday AM 9-13-2024

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 Fri. 13 Sept. 2024

Compiled Fri. 13 Sept. 2024 12:01 am EST by Judy Byington

The Storm is here: Let’s take back our country.”  …NESARA/GESARA on Telegram Thurs. 12 Sept. 2024

Thurs. 12 Sept. 2024 nine powerhouse economies were standing on the precipice of insolvency. The interconnected nature of the global economy means that the insolvency of these key nations could trigger a cascade of failures worldwide. Financial institutions, trade networks, and even social stability are at risk. The potential collapse of these economies threatens to disrupt supply chains, increase unemployment, and lead to widespread social unrest.

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.

Thurs. 12 Sept. 2024 The Truth Behind the RV/GCR …Carolyn Bessette-Kennedy on Telegram

Think about it: nine powerhouse economies standing on the precipice of insolvency. The mere thought is enough to send a shiver down one’s spine. This isn’t just a financial hiccup; it’s a seismic event that will shake the very foundations of our global economic order. From Wall Street to the Tokyo Stock Exchange, from London’s City to Australia’s ASX, the shockwaves of this impending insolvency crisis are poised to wreak havoc.

The interconnected nature of the global economy means that the insolvency of these key nations could trigger a cascade of failures worldwide. Financial institutions, trade networks, and even social stability are at risk. The potential collapse of these economies threatens to disrupt supply chains, increase unemployment, and lead to widespread social unrest. This scenario underscores the urgent need for a coordinated global response.

Now, let’s talk about the RV/GCR. This is not just a financial event; it’s a paradigm shift. The revaluation of global currencies aims to correct the imbalances that have plagued the world economy for decades. This reset could potentially bring about a more equitable distribution of wealth and resources, but it also comes with risks and uncertainties. As we stand on the brink of this economic revolution, it’s crucial to stay informed and prepared for the changes ahead.

So, when I say that the RV/GCR is upon us and the fallout is going to be monumental, you better believe it!

~~~~~~~~~

Global Currency Reset: (Rumors /Opinions)

Judy Note: While yesterday a couple of valid sources announced that the EBS and ten days of darkness was set to begin on Sun. 20 Oct, it appeared the RV rollout started after the debate last Tues. 10 Sept. People in Zurich, Brazil and Asia have reported being paid and were liquid. Tier4b (us, the Internet Group) should be in appointments very soon.

Some were saying that those in Tier4b have to register with certain websites in order to be contacted about exchange appointment notification. This was not true. It is my understanding that the Powers That Be have collected email addresses of those who have bought foreign currencies and Zim from valid dealers and will use those addresses to contact you. In addition, the information will be posted on various websites plus in my updates. I’m sure the information will suddenly appear all over the Web.

~~~~~~~~~~~

Thurs. 12 Sept. 2024 Bruce Opinion:

The Social Security increases should happen the 3rd and 4th Wednesday of this month and if not, by the end of this month.  

For those of us exchanging, the R &R is going to show up in our QFS account and is there already.

We can move some of that into our primary or secondary account. Don’t be shy about moving funds. Whatever you move should last you for 90 days.

That’s the only reason for the QFS Card. It’s the size of a credit card but three times as thick and it’s ONLY used to move funds into your other bank accounts and up to three banks.  

For those not exchanging Zim – the R&R should be by the end of this month.  

The Debt Jubilee is to occur starting this month.

The Bond Holders and those in Tiers 3, 4 A & B is supposed to be a shotgun start.

If you have Sheet Bonds take them with you to your exchange and let them know you have them and what they are?  Not ZIM – Sheet Bonds – because you will need a little longer time.  

Bond Holders can see the funds in their accounts but they cannot get access till tomorrow Fri. 13 Sept. We have people who’ve gone in today and they had to get the QFS cards up and running and then tomorrow they’ll have all the other things they need with these accounts set up for them.

According to this good source we should receive everything including the emails after markets close tomorrow at 4pm Fri. 13 Sept.

We can set our appointment and exchanges for Saturday 14 Sept.

The Redemption Center staff said they’d be working four days in a row. 

It will be good speaking to a LIVE human being and it will be quick to set those appointments and maybe your email for a confirmation of the appointment.

Don’t go to your appointment more than ten minutes before – so try not to get their late – just ten minutes early to the RC.

Some Redemption Centers are attached to banks.

People will be at the Redemption Center to verify your currency and count it. US marshals will also be there for security.  

I’m saying that it looks very good for tomorrow Fri. 13 Sept. or Saturday 14 Sept.

Read full post here:  https://dinarchronicles.com/2024/09/13/restored-republic-via-a-gcr-update-as-of-september-13-2024/

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

Sandy Ingram  It is widely believed Iraq will need to increase the value of its currency in order to fully take advantage of the international transportation hub [Development Road Project] it is building.

Mnt Goat   I am going to give you a summary...of the other issues that are...on the table. They are on the near horizon and my CBI contact has also told me these are issues that also must be resolved:  Passing the Oil and Gas Law referendum, as required by their new 2005  Constitution.; Needed changes to The Investment Law No (13) of 2006 to meet the WTO requirements prior to full accession.; Institute the Pillars of Financial Reform in the Banking, Insurance and the Iraqi Stock Market. This goes hand in hand with the electronic banking effort...Iraq is going forward with the Project to Delete the Zeros and actually in the process of doing it not just talking about it again...we must stay grounded as this RV is coming to a closure and there is not much longer to wait.

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

Why Is The Big Money Buying Gold? | Lobo Tiggre

Liberty and Finance:  9-12-2024

Lobo Tiggre, founder of the Independent Speculator, discusses the current economic landscape and its impact on gold prices. He highlights how significant central bank purchases and investments by wealthy individuals are driving the recent surge in gold, despite a lack of immediate economic triggers.

 Tiggre explains that the delayed effects of the Federal Reserve’s rate hikes could lead to a major pivot toward aggressive monetary easing, which he believes will further boost gold prices.

 He notes that gold mining stocks are lagging behind gold itself due to market skepticism but remains optimistic about their potential.

Overall, Tiggre is bullish on gold, suggesting that the current economic conditions and anticipated shifts could lead to significant gains in both gold and mining stocks.

INTERVIEW TIMELINE:

 0:00 Intro

1:30 Recession

6:36 Fed rate cut

12:48 Mining stocks

16:55 Silver update

 20:05 Uranium

26:23 Independent Speculator

https://www.youtube.com/watch?v=hEl4X-DTEy0

“Tidbits From TNT” Friday Morning 9-13-2024

TNT:

Tishwash:  Washington accuses Iraqi militias of targeting US diplomatic facility in Baghdad

The United States accused   Iraqi "militias" allied with Iran of targeting a US diplomatic facility in the capital, Baghdad, and vowed to respond. It called on  the Iraqi government to do its part to protect diplomatic facilities. Camp Victory, which houses US soldiers, west of Baghdad, was subjected to a rocket attack on Tuesday night, in an operation that came days after Iraq announced that there was no official and fixed agreement on a date for ending the international coalition’s mission and withdrawing US forces from the country.

On Friday, the US Embassy in Baghdad said in a statement that "last Tuesday, the Diplomatic Support Complex in Baghdad, a US diplomatic facility, was attacked, but fortunately no casualties were reported," stressing that "evidence suggests that the attack was launched by Iranian-allied militias operating freely in Iraq.”

The statement indicated that "the Government of Iraq has repeatedly expressed its commitment to protecting diplomatic missions, as well as US military personnel who are in the country at its invitation," renewing its call on the Iraqi government to "protect our diplomatic and coalition partner personnel and their facilities.” It added, "We reserve the right to defend ourselves and protect our personnel anywhere in the world."

The attack came hours before Iranian President Massoud Pezeshkian was due to visit Iraq, and occurred despite Iraqi forces taking tight security measures in the capital. No Iraqi faction has claimed responsibility for the attack, and the Iraqi Hezbollah Brigades, allied with Iran, called on the government to uncover the perpetrators. “Targeting Baghdad airport at this time is carried out by suspicious hands, and its aim is to disrupt the Iranian president’s visit to Baghdad, and we call on the security services to uncover those involved,” said Hezbollah Brigades military spokesman Jaafar al-Husseini.

For its part, the Al-Fatah Alliance, an Iraqi political alliance with parliamentary and government representation that includes a number of armed factions, considered the attack "an attempt to confuse the cards and direct blame at the resistance factions." Ali Al-Fatlawi, a member of the alliance, said on Thursday that “the factions will not be afraid to declare any action they take. The attack aims to embarrass Prime Minister Mohammed Shia Al-Sudani and create a gap between the resistance factions and the government." He stressed that "the operation, in all its details, confirms that the resistance factions have nothing to do with it, neither directly nor indirectly."

In February, bilateral talks between Baghdad and Washington resumed regarding the withdrawal of international coalition forces from Iraq, with the adoption of a "deliberate and gradual reduction", leading to the end of the mission of the international coalition forces to combat ISIS, according to official Iraqi statements. However, the Security and Defense Committee in the Iraqi parliament expected that the recent attack would push the US side to a new military response against some Iraqi factions, especially since the Americans exploit any opportunity and circumstance to target those factions.   link

 **********

Tishwash:  Parliamentary Finance Committee confirms that it will soon resume its investigation into changes made to the General Budget Law tables

The Parliamentary Finance Committee confirmed that it will soon resume its investigation into changes to the general budget law tables that were officially approved by the Council of Representatives, and objected to by the Prime Minister's Office.

Committee member, MP Moeen Al-Kazemi, said in a statement to the National Iraqi News Agency ( NINA ), that "the parliamentary investigation committee assigned by the Finance Committee will resume its work soon, to determine the reasons for the change in the general budget tables officially signed by the Speaker of Parliament and sent to the Council of Ministers."

He added, "The government is working with its tables approved by the Council of Representatives, and there is no financial damage to the public treasury," indicating, "The work on the general budget ceiling of 226 trillion dinars has been suspended, and the government is proceeding with implementing its tables that were approved by the Council of Representatives." He explained

"The Parliamentary Finance Committee is following up on the reasons for the difference between the government version of the general budget tables and the paper and electronic version of the Council of Representatives."  link

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

Tishwash:  Unprecedented renaissance.. Iraq's economy recovers and its debts fall to "lowest levels"

The country has witnessed an unprecedented economic renaissance, as ambitious government plans have achieved remarkable successes, most notably food security, achieving self-sufficiency in grains, stimulating markets and creating competition between them, in addition to economic growth and reducing foreign debt to its lowest levels.

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said: “The government has worked to establish a solid food security system based on the successful integration of agricultural and financial policies,” indicating that “government support for grain producers has been a safety valve in encouraging agricultural production of grain crops, which in turn has encouraged farmers to provide nearly 6 million tons of grains during the year 2024, which is the quantity that matches the country’s need for grains, and is considered one of the gateways to self-reliant food security,” according to the official agency.

He explained that "these measures were accompanied by providing the food basket with types and quantities that affect the lives of 40 million citizens, in addition to the move to revive the markets, which is a type of competitive commercial investment."

He pointed out that "the General Company for Central Markets is one of the formations of the Ministry of Trade, as it announced its new policy last March, that it will continue to refer its sites and markets to investment in accordance with the requirements of Investment Law No. 13 of 2006, as amended, in order to achieve economic balance and support the Iraqi consumer."

He added that "the marketing policy of the General Company for Central Markets, through the strategy of partnership between the state and the private sector, has undertaken to activate a pattern of market stability by providing competitive marketing outlets that meet the needs of the poor and low-income classes, through the best consumer products in terms of quality assurance and price stability," stressing that "this issue is consistent with the pivotal role played by the Competition and Anti-Monopoly Council issued under Law 14 of 2010, which aims to protect purchasing rights from monopoly and manipulation."

He added, "The supervisory and regulatory role of the Ministry of Commerce in regulating central markets comes within the framework of what can be called (competitive central consumer markets), which are markets that witness strong competition between companies and sellers to provide consumer products and services, as companies compete to offer the best prices, and ensure product quality and quality services to attract consumers, which leads to improving the overall consumer experience."

He added, "Competitive central markets that operate on the basis of investment by the private sector are characterised by the following:

1- Diversification of products, by providing a wide range of products and services from different brands.

2- Creating a sustainable climate of competitive prices and suppressing monopoly, as sellers will seek to offer price promotions and discounts to encourage customers to buy.

3- Providing logistical services to consumers, which are added services such as delivery services, loyalty programs, or after-sales services that increase the attractiveness of the market.

He added, "Companies displaying their products in competitive central markets will practice 'innovation' by offering new or innovative solutions to their products or how they are presented, to remain attractive in a new climate of competition in organised markets."

He noted that "competitive central markets will rely on strong distribution systems to provide access to them, enabling consumers to easily access the products offered by central markets."

He added, "Competitive investment-based central markets will enable companies with solid brands to benefit from the capacity and role of central markets throughout the country to always offer something distinctive that suits the lifestyle and ways of life by improving their products using the best technologies to increase their market share."

As for indicators of stability and economic growth, Saleh stated that “growth in the non-oil GDP has reached 6 percent, in light of the very moderate price growth rate, and according to the latest figures, it has only exceeded 3.7 percent annually, which means that the country is witnessing high price stability and development.”

He pointed out that "Iraq's external debts have fallen to their lowest level in the last forty years, not exceeding $10 billion, and the government is following a precise program to settle the external debt, which constitutes less than 9 percent of the country's total foreign exchange reserves, which are close to $108 billion, and are the highest foreign reserves in the country's monetary and financial history."

For his part, researcher and specialist in financial and banking affairs, Mustafa Hantoush, confirmed that “the Iraqi economy during the past three years has witnessed a number of correct trends, including: 

1- Supporting the private sector with Law No. 18 of 2023 (Workers’ Retirement), which will guarantee retirement rights for all workers in Iraq.

2- Supporting the culture of electronic payment that would provide high-level financial and banking services to the citizen, as well as determining the liquidity position and having a financial reading of the market.

3- Work seriously to complete the designs and requirements for starting the (Development Road) project, which is considered the basis for opening the transportation economy to Iraq, and which is a complementary project to the Faw Port. 

4- Establishing the (Service Effort) Committee, which provided tangible services in the capital, Baghdad, after long years of neglect, which would stimulate the labor and construction market in the capital and reduce transportation costs and time.

5- Heading towards residential complexes (adjacent to cities) and renegotiating with the Korean Hano Company.

He pointed out that, "Despite these measures, the Iraqi economy still needs many steps, including: 

1- Effective monetary policies (lending - attracting deposits - financing investment) that would create a cash cycle from surplus to deficit.

2- Building the private sector through an accelerated pace using models (private sector budget - loan budget) that will activate the infrastructure of the private sector (cities or industrial or agricultural or tourist areas - roads to serve investment - investment electricity) with an available and known loan budget with reasonable conditions.

3- Protecting the local product through (the state purchasing the local product - closing borders and unofficial outlets - industrial and agricultural dollars).

4- Effective international negotiation on files such as (producing 25 thousand megawatts of electricity on credit with Siemens - establishing the international company for the port of Faw - increasing Iraq’s share of oil production and export).

5- Establishing a sovereign investment fund (domestic) in dollars after negotiating with the American side, to which part of the oil revenues in dollars will go and which will be invested in safe local investments such as (real estate - oil and gas investments) and others.

6- Establishing a real estate policy consisting of (real estate reconciliation with agriculture - supporting economic construction complexes - distributing land to those entitled to it - launching funding for well-studied housing initiatives).

 In turn, researcher and academic Haitham Al-Khazaali explained that “the political stability that resulted from the government’s balanced policy, avoiding crisis management and focusing on achieving economic progress is what affected the stability of the security situation and then achieved economic stability.”

He added, "The economy is linked to security and reliance on political stability  link

Mot:  but it was just a Light Touch Too!!!! 

Mot:  . the latest edition is out 

Seeds of Wisdom RV and Economic Updates Thursday Evening 9-12-24

Good Evening Dinar Recaps,

IOTA NEWS: DON’T MISS OUT – IOTA’S EUROPEAN BLOCKCHAIN PCP SUCCESS SIGNALS BULLISH Q4

▪️IOTA completed the final phase of the European Blockchain PCP as one of the three finalists, setting the network up for a defining fourth quarter of 2024.

▪️The network has been pushing to make a mark in DeFi, where TVL hit $5 million this month, with a prospective integration with Uniswap’s DeFi network a potentiaal gamechanger.

It’s been a great year for IOTA. In the recent months, it has completed its final phase of the European Blockchain Pre-Commercial Procurement pilot while its DeFi TVL hit a new record this month, setting it up for a bullish fourth quarter of the year.

As we reported, IOTA was one of three companies selected from an initial pool of over 30 applicants to showcase its blockchain capabilities in the European Union. The European Blockchain PCP project was funded by the European Commission, with the other two finalists being Chromaway and Billon, a relational blockchain and asset tokenisation platform respectively.

IOTA deployed three products under the trial; the first targeted intellectual property rights management, giving ownership to content creators through smart contracts. The other two focused on digital product passports, catering to the electronics and plastics industries respectively.

The European Commission intends to integrate the successful applications from the PCP into the European Blockchain Services Infrastructure, a public sector blockchain infrastructure for the EU that the Commission launched six years ago. This level of exposure will certainly bear dividends for IOTA—the EU has over 400 million people, with three of its members among the ten largest economies globally.

DeFi, RWA Tokenisation, Uniswap—A Great Quarter for IOTA Ahead
Beyond the European Commission trial, the IOTA ecosystem continues to grow internally. As we reported, the total value locked (TVL) on the IOTA EVM hit $5 million earlier this month, and it now stands at $5.41 million, according to data from DeFiLlama.

Lending protocol Deepr Finance leads the pack with $2.3 million in TVL, which has shot up 16% in the past week. MagicSea, a native decentralised exchange, is second with $1.24 million. This is still way below its record high of $5.71 million in February this year, proving that the IOTA DeFi ecosystem still has levels to go.

This explosion in IOTA DeFi could come from an integration into Uniswap’s ecosystem. As we reported, senior figures of the IOTA team have expressed interest in joining this ecosystem, which they believe could help to build “a more inclusive and efficient DeFi ecosystem.” The Uniswap ecosystem currently serves uses on Avalanche, Polygon, Arbitrum, Binance Smart Chain and Base among a few other chains.

Meanwhile, IOTA trades at $0.1258, dipping 2% in the past day, although it has gained nearly 5% on the weekly chart. Its market cap stands at $430 million.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

TRUMP PLANS TO LAUNCH HIS SONS' CRYPTO BUSINESS ON MONDAY, 50 DAYS BEFORE ELECTION DAY

WASHINGTON (AP) — Former President Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company World Liberty Financial, a crypto platform controlled by the Republican nominee's sons Donald Jr. and Eric.

His speech will come 50 days before Election Day, an extraordinary use of dwindling campaign time to promote a personal business. The Republican former president has long mixed his political and business interests and marketed sneakers, photo books and Trump-branded Bibles during his 2024 campaign.

“We're embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump said in a video posted Thursday to X, the social media site that will also host his address on the subject at 8 p.m. EDT on Monday from his Mar-a-Lago home.

As part of his presidential campaign, Trump has pledged to turn the United States into the “crypto capital of the planet,” raising red flags that he could use the federal government to help support a business tied to his family.

Cryptocurrencies are forms of digital money that can be traded over the internet without relying on the global banking system. The trading often depends on online marketplaces that charge fees for transactions, so that the cryptocurrencies can be exchanged for U.S. dollars and other currencies.

Trump opposed crypto during his presidency, but he has since warmed to the sector. He has suggested the government create a strategic reserve of Bitcoin and has vowed to block the creation of a Federal Reserve-administered Central Bank Digital Currency, a digital form of central bank money that would be available to the public.

@ Newshounds News™

Source:  Finance Yahoo

~~~~~~~~~

RIPPLE STANDS APART BY FOCUSING ON ENTERPRISE, NOT RETAIL XRP HOLDERS, EXPERT EXPLAINS

▪️  Jake Claver, CEO of Syndicately, highlighted Ripple’s strategy of targeting large-scale payment solutions for enterprises and governments, and not retail use.
▪️  Despite its focus on institutional finance, Ripple’s XRP Ledger has faced challenges in gaining traction in the decentralized finance (DeFi) sector.

Jake Claver, CEO of investment firm Syndicately, recently shared insights about Ripple’s business strategy, distinguishing it from other blockchain projects. He said that Ripple primarily focuses on large-scale payment solutions rather than retail adoption, like many blockchain projects.

Claver highlighted Ripple’s enterprise-driven approach in a post on X social media platform. He stated that “Ripple’s business model targets large-scale payment solutions for enterprises and governments.” For context, Ripple has long been recognized for its efforts to streamline cross-border payments, per the CNF report.

Hence, Claver’s statement underscores that the value proposition of XRP’s parent firm centers on providing solutions for financial institutions, central banks, and corporations. While retail investors can still hold XRP and use the XRP Ledger, Claver noted that Ripple’s “primary aim is to facilitate institutional-grade transactions and cross-border settlements with speed and efficiency.”

What Makes Ripple Different From Other Blockchains?
This positions Ripple apart from other blockchain ecosystems that rely heavily on individual retail adoption. Claver elaborated, “Ripple isn’t reliant on individual retail adoption like some other blockchain projects.” Instead, the company builds financial infrastructure supporting governments and large corporations. This approach places Ripple in a unique position within the blockchain space.

However, Ripple’s focus on enterprise solutions does not necessarily align with the broader decentralized finance (DeFi) and retail market. The XRP Ledger, once a promising project for decentralized finance, has struggled to gain traction in sectors such as DeFi and meme coins, as reported by Crypto News Flash.

Furthermore, Artur Kirjakulov, founder and CEO of XPMarket, highlighted the underwhelming performance of the XRP Ledger ecosystem. He noted that its market capitalization recently fell to a new low of just $80 million. According to Kirjakulov, this decline reflects the departure of developers and capital from the ecosystem.

RLUSD Launch & Legal Battles
Meanwhile, Ripple continues to make strides in institutional finance. Earlier this year, Ripple announced its RLUSD stablecoin, which entered beta testing in early August. According to Ripple’s Chief Technology Officer David Schwartz, the RLUSD stablecoin will “only ever be available” to institutional clients instead of retail participants, reported CNF.

Currently, the team is minting RLUSD on the XRP Ledger and Ethereum mainnet. Moreover, the blockchain firm aims to revolutionize blockchain payments via the launch of its stablecoin later this year.

Ripple also made headlines with its legal victory last year when a court’s summary judgment favored the company. Following that win, it was predicted that U.S.-based financial institutions would likely embrace XRP to conduct cross-border transactions.

However, court documents revealed that the firm may have shifted from using XRP to USDT for its On-Demand Liquidity (ODL) solution earlier this year. Nonetheless, the latest relief with XRP attaining legal clarity and a 94% reduction from the SEC’s $2 billion penalty has been a plus point for the firm.

@ Newshounds News™

Source:  Crypto  News Flash

~~~~~~~~~

HEDERA NEWS: HIP-850 EMPOWERS NFT USERS WITH DYNAMIC FUNCTIONALITY FOR WEB3 USE CASES

• 
  ▪️The Hedera team has introduced HIP-850, which will be implemented on the mainnet as part of the upcoming v0.53 upgrades.
  
  ▪️The upgrade allows supply keys to update NFT metadata as long as the token remains in the treasury account for more dynamic NFT data management.
  
  Hedera has announced HIP-500, the latest upgrade that allows users to enjoy more dynamic management of NFT data, the latest development in one of the world’s most innovative blockchain networks.
  
  HIP-500 will grant supply keys the ability to update NFT metadata which are held in a treasury account. In Hedera, supply keys are the keys that can change the total supply of a token by minting and burning the token. A treasury account, on the other hand, receives teh initial supply of any token and any additonally-minted tokens.
  
  In an accompanying blog post, the Hedera team revealed that, essentially, HIP-500 gives the supply keys the ability to execute TokenUpdateNftsTransaction, which “updates the metadata property of non-fungible tokens (NFTs) on the Hedera network.”
  
  The new proposal intends to enable more controlled and dynamic management of NFT data without compromising the token’s trust or integrity.

This proposal offers a solution for stakeholders seeking to evolve NFT functionality while maintaining the core principles of immutability once the NFT has been distributed.

HIP-850 Empowers NFT Users on Hedera
When minting an NFT on Hedera, a user can specify MetadataKey and/or an AdminKey. The two allow the user to alter the metadata after mining the token and at the NFT collection level. Additionally, the MetadataKey can also alter metadata at the NFT serial number level.

However, these keys can pose a challenge when the end owner of the NFT requires a guarantee that the token’s metadata can’t be altered post-distribution. HIP-500 introduces a SupplyKey that can alter metadata at a more advanced level, empowering the users.

The team notes:

By enabling the Supply Key to modify NFT metadata within the treasury account, this HIP provides a solution to these limitations. This approach introduces flexibility while maintaining data integrity post-distribution; it ensures that once an NFT leaves the treasury account, its metadata is immutable, preserving the integrity of the asset once it is distributed to the end-user.

HIP-500 isn’t just a technical achievement—it has practical applications. For instance, think about an NFT for an event ticket: initially, the NFTs are minted with minimal details as they haven’t been purchased. However, once an attendee purchases the NFT ticket, they need it to be altered so that their details, such as name and phone number, can be included.

In gaming, an in-game item, such as a gun or sword in an action game, can be minted with basic attributes. However, as the player advances in the game or purchases more attributes, the NFT can be altered to change its metadata with the SupplyKey.

HBAR trades at $0.05084, gaining 3.85% in the past day for a $1.879 billion market cap.

@ Newshounds News™

Source:   Crypto News Flash

  ~~~~~~~~~

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 Thursday PM 9-12-2024

MikeCristo8: BRICS and Saudi Arabia are Divorcing from the US Dollar

Wednesday, 11 September 2024

The Fed will raise rates by 25 bps.

The Fed isn’t going to bail any of you people out including Elon Musk.

Oil price gonna collapse.

The U.S. is definitely worried about BRICS.

BRICS (including Saudi Arabia) are divorcing themselves from the dollar right now.

Got commodities?

Unpopular opinion.

Jerome Powell needs the dollar to collapse.

BRICS is working to bring down the dollar.

Blackrock is funding the U.S. Treasury through the exchange stabilization fund.

Stocks only go up.

Why do you think BRICS is turning to gold-backed currency?

You can’t industrialize using an inflationary fiat currency.

Because prices of raw materials always go up.

Gold is the liability that settles your trade imbalance (of raw materials) during industrialization.

This is why the dollar is being rejected.

The dollar is an inflationary currency.

Saudi Arabia is saying the quiet part out loud.

They’ve already made the switch to petroyuan.

Sprinter:  Saudi Arabia has said it is open to using petroyuan to pay for oil instead of petrodollars.

I told you all the Fed and BoJ need to crash the dollar by October 1.

Source(s):
https://x.com/MikeCristo8/status/1833871318598721966
https://x.com/MikeCristo8/status/1833872620678467760
https://x.com/MikeCristo8/status/1833875529650606088
https://x.com/MikeCristo8/status/1833931309045199085
https://x.com/MikeCristo8/status/1833934884689289635
https://x.com/MikeCristo8/status/1833938434488238385
https://x.com/MikeCristo8/status/1833941523383370076
https://x.com/MikeCristo8/status/1833950104287674736
https://x.com/MikeCristo8/status/1833999783553581409
https://x.com/MikeCristo8/status/1834010827550269650
https://x.com/MikeCristo8/status/1834042301318086910

https://dinarchronicles.com/2024/09/11/mikecristo8-brics-and-saudi-arabia-are-divorcing-from-the-us-dollar/

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

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

Pimpy  They have to do something about that parallel market.  The reason why it's so successful is because people prefer to get the US dollars if they can.  If businesses and travelers want to get more bang for their buck, they don't have a problem with selling the US dollars for more Iraqi dinars, more than the official exchange rate.  It puts Iraq in a pickle...Do they raise the rate of the Iraqi dinar or do they lower it?

Fnu Lnu  [Response to Guru Pimpy's 9-10-2024 analysis below of Article "The parallel market will be overturned." PIMPY: When they say raise the dollar exchange rate, that's not good for us.  That means the dollar is rising up against the dinar...]  FNU LNU: The solution is so basic and simple it defies this hand wringing. Why is it such a mystery? The way you control the "parallel market" is to raise the damned official rate such that there is no profit margin to be had. I will maintain that this is a red herring and some sort of stall tactic.

6 Days. COUNTDOWN TO A MASSIVE CURRENCY DEVALUATION AND RATE SUPPRESSION CYCLE NIGHTMARE.

Greg Mannarino:  9-12-2024

https://www.youtube.com/watch?v=U0ouenzbC5Y

Gold Repatriation Surges Ahead of U.S. Election; Russia Ramps Up 600%

Daniela Cambone:  9-12-2024

"Not only has the purchasing of gold gone way up, but the repatriation of gold—something like 32 countries have been repatriating their gold out of the United States back to their country.

 Why?” In this powerful interview, Peter Grandich shares his expert analysis on the U.S. economy, the gold markets, and the future of junior mining companies. This discussion is packed with insights that every investor needs to hear.

Watch now to learn more and subscribe for regular updates on the latest in gold and silver investing!

https://www.youtube.com/watch?v=SzPP9SV-tw8