Seeds of Wisdom RV and Economic Updates Tuesday Evening 10-15-24
Good Evening Dinar Recaps,
RIPPLE’S ISO 20022 COMPLIANCE PAVES WAY FOR XRP IN TRADITIONAL PAYMENT SYSTEMS
▪️Ripple is ISO 20022 compliant, a move many say will benefit XRP.
▪️As a cross-border enabler, Ripple’s success can translate to XRP’s growth.
Market participants believe Ripple’s adoption of ISO 20022 could open the way for XRP’s integration into traditional payment systems. While XRP and ISO 20022 are unrelated, Ripple’s compliance with this industry standard for financial messaging may benefit the coin.
Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 10-15-24
Good Afternoon Dinar Recaps,
IOTA UNVEILS IOTA LABS: A NEW ECOSYSTEM ARM TO PROPEL DEFI, WEB3, AND REAL-WORLD SOLUTIONS
▪️IOTA has launched a dedicated outfit to boost innovation in its ecosystem.
▪️The protocol plans to support all projects, irrespective of their technological and ecosystem leaning.
Seeds of Wisdom RV and Economic Updates Tuesday Morning 10-15-24
Good Morning Dinar Recaps,
SMART CONTRACTS ACHIEVE LEGAL BREAKTHROUGH IN ARGENTINA
Smart contracts, the blockchain-automated programs, are now legal in Argentina after local jurisdiction recognized the enforceability of the first one.
They can now be used to execute rental agreements, purchase payments, and other legal contracts, as cryptocurrency is now approved for use as payment in commercial contracts in the country.
Seeds of Wisdom RV and Economic Updates Monday Evening 10-14-24
Good Evening Dinar Recaps,
RIPPLE EYES $16 TRILLION CUSTODY MARKET – PAVING THE WAY FOR XRP ADOPTION BY MAJOR BANKS
▪️Ripple’s enhanced custody services position XRP for adoption by major banks as the $16 trillion market expands.
▪️Ripple’s strong compliance and security standards, along with key partnerships, pave the way for widespread integration of XRP in the tokenized economy.
Seeds of Wisdom RV and Economic Updates Monday Afternoon 10-14-24
Good Afternoon Dinar Recaps,
CBDCS VS CRYPTOS: WHY INDIA IS BETTING BIG ON DIGITAL CURRENCY?
India is working to revolutionize its cross border payment system. The aim is to make the payments faster and cheaper to help the growing economy. Along with this, the role of Central Bank Digital Currencies (CBDCs) and the concerns around AI is also in focus. These are reshaping the future of the financial sector. Let’s dive into what’s happening and how it might affect us.
Faster and Cheaper Cross Border Payments
Governor Shaktikanta Das is serious about reducing the time and cost it takes to send money overseas. This is important, especially for economies like India. For expanding Real Time Gross Settlement (RTGS) in India, he suggests using major currencies like USD, EUR and GBP. This can help in making smoother global payments.
Seeds of Wisdom RV and Economic Updates Monday Morning 10-14-24
Good Morning Dinar Recaps,
HOSKINSON DETAILS CARDANO’S BILL OF RIGHTS FOR BLOCKCHAIN GOVERNANCE
Charles Hoskinson, the founder of Cardano, unveiled a framework for blockchain governance in his latest broadcast, introducing what he refers to as a “Bill of Rights” for the Cardano ecosystem.
This initiative, centered around 11 foundational blockchain tenants, aims to establish a constitutional foundation that will guide the development and governance of Cardano and potentially influence broader blockchain technologies.
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 10-13-24
Good Afternoon Dinar Recaps,
RIPPLE NEWS: CAN THE SEC STOP XRP ETFS?
Ripple’s Chief Legal Officer, Stuart Alderoty, announced on X that the company has filed a cross-appeal in its legal case against the U.S. Securities and Exchange Commission (SEC).
This action follows the SEC’s appeal last week to the U.S. Court of Appeals, which seeks to overturn parts of District Judge Analisa Torres’ ruling related to XRP.
Legal expert James Murphy aka MetaLawMan recently opened up about the status of the XRP Trust and its implications for the broader cryptocurrency market, especially concerning regulatory challenges posed by the SEC.
Seeds of Wisdom RV and Economic Updates Sunday Morning 10-13-24
Good Morning Dinar Recaps,
US SHARE OF WORLD ECONOMY PROJECTED TO REACH HISTORIC LOW
The U.S. share of the global economy has fallen below 15% during President Joe Biden’s term, according to Sputnik’s analysis of World Bank and International Monetary Fund (IMF) data. Once peaking at over 21% in 1999, the U.S. has seen a steady decline, with China now commanding a larger share at 18.76%. This downward trend has persisted through recent administrations, underscoring shifts in global economic power.
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 10-12-24
Good Afternoon Dinar Recaps,
STABLECOIN LIQUIDITY IS INCREASING, WHAT DOES THIS MEAN? (CRYPTOQUANT)
Rising stablecoin liquidity could lead to increasing prices for crypto assets. Here’s why.
Stablecoin dynamics are flashing positive, reaching record highs and boosting liquidity within the crypto market. As historical data shows, this is good news for bitcoin (BTC) and the entire crypto industry because more liquidity often correlates with higher prices.
A recent CryptoQuant report revealed that the total market capitalization of major USD-backed stablecoins now stands at $169 billion, representing a 31% or $40 billion increase since the beginning of the year. This growth caused liquidity in the crypto market, as measured by stablecoin value, to reach a record high in late September.
How to Buy Gold for $900 per Ounce
How to Buy Gold for $900 per Ounce
Notes From the Field By James Hickman / Simon Black October 11, 2024
Today’s letter is about how to go back in time.
A lot of us remember 2009 as a pretty tough economy. The whole world was in bad shape. Major banks had failed, panic had set in, governments were spending money hand over fist, and debts were rising fast. It was pretty brutal.
But if there’s anything nostalgic about 2009, it would be that, almost exactly 15 years ago, gold traded below $1,000 an ounce for the last time. Today, the price of gold is hovering at its all-time high, more than $2,600 per ounce.
We’ve talked a lot about why that is. Central banks have been buying up physical gold, literally by the metric ton, primarily because they are looking to diversify a portion of their reserves outside of the US dollar.
Seeds of Wisdom RV and Economic Updates Saturday Morning 10-12-24
Good Morning Dinar Recaps,
RIPPLE OFFERS ‘BANK-GRADE’ CUSTODY TECH TO CRYPTO FIRMS
Digital asset infrastructure firm Ripple has introduced new features and functionalities for its custody solution.
“Custody is a key entry point into the digital asset economy, and it’s only growing,” Ripple said in a Thursday (Oct. 10) press release.
The company notes that the amount of crypto assets custodied is projected to reach at least $16 trillion by 2030, by which time 10% of the world’s GDP is also expected to be tokenized.