Good Afternoon Dinar Recaps,

RIPPLE ADVANCES STABLECOIN INITIATIVE, ISSUES ANOTHER 350K RLUSD

Ripple mints 350,000 RLUSD to enhance testing on XRP Ledger and Ethereum, aiming for regulatory approval and improved ecosystem integration.

▪️Ripple mints 350,000 RLUSD stablecoins in 24 hours on XRPL and Ethereum.

▪️RLUSD stablecoin undergoes private beta testing for security and efficiency.

▪️XRP Ledger enhancements improve RLUSD's security and efficiency in beta testing.

Good Morning Dinar Recaps,

HAS ECB CRACKED THE CODE FOR DIGITAL EURO CBDC ADOPTION?

Two economists at the European Central Bank have modelled how to get consumers to adopt a central bank digital currency (CBDC) and the digital euro in particular. 

They distinguish between adoption and usage. While consumers may decide to include a new payment method, they won’t necessarily use it that often.

Good Evening Dinar Recaps,

GENSLER SUGGESTS BNY MELLON’S CRYPTO CUSTODY MODEL COULD EXPAND BEYOND BITCOIN AND ETHER ETFS

BNY Mellon explores extending regulated crypto custody beyond ETFs.

▪️Gensler suggests BNY Mellon's crypto custody model could apply to various digital assets.

▪️The crypto custody market is growing rapidly, with banks poised to benefit from secure, regulated services.

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IRAQ BOOSTS GOLD RESERVES TO OVER 145 TONS

Data from the World Gold Council reveals that Iraq purchased a total of 51.9 tons of gold between 2022 and September of this year.

ERBIL (Kurdistan24) - Iraq has significantly increased its gold reserves over the past three years, acquiring approximately 52 tons of the precious metal. The majority of these purchases occurred in 2022, accounting for 65% of the total acquired gold.

Data from the World Gold Council reveals that Iraq purchased a total of 51.9 tons of gold between 2022 and September of this year.

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 MOROCCO TURNS TO AI, BLOCKCHAIN TO ACHIEVE ‘DIGITAL HUB’ GOAL BY 2030

 The Digital Morocco 2030 was announced on Sept. 25 and launched with a $1.1 billion budget.

Morocco is betting on artificial intelligence (AI) and blockchain technologies to transform the country into a global digital hub as part of its ambitious Digital Morocco 2030 strategy.

The initiative was announced on Sept. 25 and launched with a $1.1 billion budget. It aims to integrate advanced technologies to boost public services, drive economic growth, and create 240,000 new jobs in the digital sector by 2030.

Good morning Dinar Recaps,

RIPPLE VS. SEC: HOW THE COURT RULING SETS THE STAGE FOR RLUSD STABLECOIN LAUNCH!

Ripple’s Big Plans in “Uptober”!
Despite the rumors of SEC’s reappeal on XRP status, Ripple is poised for exciting developments next month. Monica Long, Ripple’s president, shared insights into the company’s plans, including:

▪️the upcoming RLUSD stablecoin launch

▪️enhancements to the XRP Ledger (XRPL)
▪️focus on global expansion.

Good Evening Dinar Recaps,

BRICS NEWS:

BRICS EXPANDS: 23 COUNTRIES APPLY, 159 NATIONS ADOPT BLOCKCHAIN-BASED PAYMENTS

▪️23 countries have applied to join the BRICS alliance, with 24 more expressing informal interest, totaling 47 nations.

▪️BRICS is promoting de-dollarization, aiming to use local currencies for trade instead of the US dollar, which could impact various US sectors.

According to recent reports, 23 countries have formally submitted their applications to join the BRICS alliance before the 2024 summit, global economic shifts are taking center stage.

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ETHEREUM IS A ‘DICTATORSHIP,’ CLAIMS CARDANO FOUNDER CHARLES HOSKINSON

Hoskinson says the Ethereum network is more like a “dictatorship” where Vitalik Buterin exerts too much influence over the development of the decentralized network.

Cardano’s Voltaire-era governance overhaul prevents it from becoming a “dictatorship” like Ethereum and sidesteps the “anarchy” of Bitcoin, its founder Charles Hoskinson said.

Speaking to Cointelegraph at Token2049 in Singapore, Hoskinson attacked Ethereum’s governance model, claiming it relies too heavily on its co-founder Vitalik Buterin for direction.

Good Morning Dinar Recaps,

SEC Chair Gary Gensler grilled over crypto regulation, handling of DEBT Box case in heated congressional hearing

▪️Republican Majority Whip Tom Emmer got into a heated exchange with SEC Chair Gary Gensler during Tuesday’s hearing.

▪️Some lawmakers have criticized the SEC’s approach to regulating crypto over the years and say rules are not clear for the industry. Others say the SEC is doing its job by protecting investors.