Seeds of Wisdom RV and Economic Updates Tuesday Evening 9-24-24
Good Evening Dinar Recaps,
PRO-CRYPTO SENATE CANDIDATE JOHN DEATON SET TO DEBATE ELIZABETH WARREN IN OCTOBER
▪️John Deaton, a pro-crypto lawyer and Senate candidate, will debate Senator Elizabeth Warren on October 15.
▪️The debate will address key issues, though it remains unclear if cryptocurrency will be a topic of discussion.
▪️Deaton already criticized Sen. Warren for shifting from holding bankers accountable to supporting their interests.
Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 9-24-24
Good Afternoon Dinar Recaps,
BRICS NEWS:
BLOCKCHAIN-BASED BRICS’ INTRA-BANK PAYMENT SYSTEM ABOUT TO BE LAUNCHED
Imagine a world where the financial dominance of the U.S. dollar is challenged not by a single nation, but by a coalition of emerging economies. This is the potential future with the launch of a blockchain-based BRICS payment system — a move that could reshape global trade, financial markets, and even geopolitics.
But what would this system look like? And what are the broader implications for both BRICS nations and the rest of the world?
Seeds of Wisdom RV and Economic Updates Tuesday Morning 9-24-24
Good Morning Dinar Recaps,
RIPPLE VS SEC: JOHN DEATON BRINGS SEC MISCONDUCT TO LIGHT – XRP NEWS
▪️Pro-crypto attorney John Deaton has slammed the US SEC over the Ripple lawsuit.
▪️Deaton demanded damages for the XRP community and called for mass layoffs.
Pro-crypto attorney John Deaton has shed more light on the recently concluded case between the US Securities and Exchange Commission (SEC) and Ripple Labs Inc. According to the latest development, Deaton has accused SEC lawyers of intentional misconduct.
Seeds of Wisdom RV and Economic Updates Monday Evening 9-23-24
Good Evening Dinar Recaps,
TURKEY TENDS TO VIEW BRICS AS A POLITICAL TRUMP CARD AGAINST THE WEST — EXPERT
Turkish economist Bartu Soral noted that when looking at "the global distribution of power, it is clear that huge changes have occurred since the early 2000s"
ANKARA, September 23. /TASS/. Turkey's interest in BRICS has economic considerations, but purely political motives are also strong, Bartu Soral, one of the country’s leading economists, said in an interview with TASS.
"The decline of the West's dominance in the international system brings BRICS to a leading position in production and export. In this context, Turkey values its relations with the Turkic countries and with Russia, which is active in the region. There are many points of contact here.
Thoughts From DJ “Gold” 9-23-2024
DJ: DID YOU KNOW?
The statutory value of gold refers to the price or value of gold as established or fixed by law or government regulation, rather than being determined by market forces like supply and demand.
Historically, statutory values of gold were set by governments to define the exchange rate of gold with their national currency, often in the context of the gold standard, where currencies were pegged to a specific amount of gold.
This fixed legal value contrasts with the market value of gold, which fluctuates based on trading in the global gold markets. Today, most countries no longer have a statutory value for gold since currencies are not tied to gold, but the concept remains relevant in legal contexts, such as central banks’ gold reserves and specific fiscal policies.
Seeds of Wisdom RV and Economic Updates Monday Afternoon 9-23-24
Good Afternoon Dinar Recaps,
HONG KONG MONETARY REGULATOR LAUNCHES SECOND PHASE OF CBDC PROJECT
The HKMA has engaged 11 firms for advanced e-HKD+ digital currency trials, so far.
The Hong Kong Monetary Authority (HKMA) has announced the launch of the second phase of its central bank digital currency (CBDC) pilot program, known as e-HKD, according to a Sept. 23 statement.
The second phase will delve into advanced use cases for digital money, emphasizing e-HKD and tokenized deposits for individuals and businesses. The first phase focused on testing CBDC applications in domestic retail payments, offline transactions, and the settlement of tokenized assets.
Seeds of Wisdom RV and Economic Updates Monday Morning 9-23-24
Good Morning Dinar Recaps,
Ripple CLO Talks Congress Insights on SEC and XRP
▪️Professor Reiners emphasized the need for Congress to address the regulatory gap in the crypto spot market.
▪️Ripple’s argument against XRP being a security aligns with Reiners’ testimony on investment contracts.
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 9-22-24
Good Afternoon Dinar Recaps,
IMF STAFF PROPOSE REDI FRAMEWORK TO CATALYZE CBDC ADOPTION
IMF staff members have introduced a high-level four-stage framework emphasizing regulation, education, design and incentives to enhance CBDC adoption.
International Monetary Fund (IMF) staff members have issued a guide for policymakers and banking institutions on ways to increase the uptake of central bank digital currencies (CBDCs) globally.
The IMF issued the “Central Bank Digital Currency Adoption Inclusive Strategies for Intermediaries and Users” paper on Sept. 21.
Seeds of Wisdom RV and Economic Updates Sunday Morning 9-22-24
Good Morning Dinar Recaps,
Highlights from IOTA Demo Day: Exciting Innovations and Presentations on IOTA EVM
▪️IOTA has shared a highlight of the recent Demo Day program featuring the likes of Qiro Finance, Black Frog, Orobo Finance, Auvo Digital, The Real Lifestyle, and Defa Primitive.
▪️According to the IOTA founder, this program is a huge step towards supporting and mentoring its beneficiaries to impact the ecosystem significantly.
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 9-21-24
Good Afternoon Dinar Recaps,
US PAYING $1,157,762,000,000 IN INTEREST ON NATIONAL DEBT IN ONE YEAR, SAYS TREASURY DEPARTMENT, AS ELON MUSK WARNS GOVERNMENT ‘WHISTLING PAST THE GRAVEYARD’
The US Treasury Department says it expects to pay a whopping $1.157762 trillion in interest on the national debt for the fiscal year 2024.
The interest represents the cost of borrowing money, which the government does by issuing Treasury bonds, bills and other securities.
Seeds of Wisdom RV and Economic Updates Saturday Morning 9-21-24
Good morning Dinar Recaps,
BREAKING NEWS: BILLION-DOLLAR BANK BNY SET TO CUSTODY BITCOIN (BTC) AS THE FIRST BANK IN U.S. HISTORY
▪️BNY Mellon becomes the first bank with the SEC exemption from crypto accounting rules.
▪️SEC’s variance for BNY Mellon could open doors for more banks in crypto.
BNY Mellon has emerged as a pioneer in the cryptocurrency custody industry, becoming the first bank to be excluded from the SEC’s Staff Accounting Bulletin No. 121 (SAB 121). This significant development was announced during a public hearing in Wyoming’s Select Committee on Blockchain, Financial Technology, and Digital Innovation Technology.