Seeds of Wisdom RV and Economic Updates Monday Afternoon 3-17-25

Good Afternoon Dinar Recaps,

CARDANO AND BITCOIN INTEGRATION: A NEW FRONTIER FOR BLOCKCHAIN SYNERGY

In a crypto landscape where Bitcoin frequently tops $100K and commands a $1.3 trillion market cap, Cardano (ADA) is carving a transformative path through its integration with Bitcoin.

Announced in October 2024, this integration, powered by the BitcoinOS (BOS) Grail Bridge, uses zero-knowledge cryptography to connect two of the most prominent blockchains.

This initiative aims to unlock Bitcoin’s vast liquidity for Cardano’s decentralized finance (DeFi) ecosystem, placing Cardano as a leader in cross-chain innovation. Both blockchains benefit from the strengths of each and this synergy makes it possible to do more in crypto.

How Both Blockchains Benefit

Cardano’s BTC integration creates a symbiotic relationship, enhancing the strengths of both Bitcoin and Cardano through technical ingenuity and strategic alignment.

Cardano’s Gains

Cardano taps into Bitcoin’s unparalleled liquidity—over $1.3 trillion as of early 2025—via the BOS Grail Bridge. This bridge uses the BitSNARK protocol, a zero-knowledge proof system, to enable trustless, secure transfers of BTC onto Cardano’s smart contract platform. In short, BitSNARK makes sure your Bitcoin transfers to Cardano remain private, secure, and reliable.

Unlike traditional bridges requiring off-chain custody, the Grail Bridge keeps Bitcoin on its native chain while allowing it to interact with Cardano’s extended UTXO (eUTxO) model. This model is Cardano’s way of handling transactions, where each transaction spends outputs from previous ones—like paying with exact cash and getting change—allowing safer, clearer, and more predictable blockchain interactions.

This opens doors to DeFi applications like lending and yield farming, powered by Cardano’s Ouroboros proof-of-stake consensus, which processes transactions with lower energy costs than Bitcoin’s proof-of-work.

Upcoming upgrades like Leios further boost scalability, preparing Cardano for a surge in BTC-driven activity.

ADA Spotlight: Sundial

Sundial, a Layer 2 solution bridging Cardano and Bitcoin, launched in late 2024 to unlock Bitcoin’s $1.3 trillion liquidity for Cardano’s DeFi ecosystem. Built on Cardano’s secure eUTxO model and Ouroboros consensus, Sundial processes transactions off-chain for increased speed, lower costs, and scalability.

“This partnership brings together Bitcoin’s security and Cardano’s flexibility, creating new opportunities for DeFi and real-world use. Our L2 will bridge these ecosystems, making transactions faster, more scalable, and more efficient.” stated Sundial founder Sheldon Hunt.

In partnership with Tesseract, Sundial protocol aims to handle thousands of transactions per second, integrating Bitcoin seamlessly and securely into Cardano’s rapidly growing ecosystem of 1,370+ projects.

By enabling Bitcoin-backed lending and trading, Sundial positions Cardano as a major DeFi hub for institutional users, potentially pushing ADA above $3 by late 2025 and reinforcing Cardano’s role as a leading interoperable blockchain.

Bitcoin’s Advantages on Cardano

For Bitcoin, this integration opens the prospect of smart contract functionality without altering its core protocol.

The BOS Grail Bridge enables BTC holders to engage in DeFi on Cardano—like decentralized exchanges or collateralized loans—while preserving Bitcoin’s security and simplicity. This doesn’t compromise Bitcoin’s foundational design but extends its utility beyond a store of value.

The BitSNARK protocol ensures privacy-preserving smart contracts, maintaining Bitcoin’s ethos of decentralization. With Cardano handling over 100 million transactions to date and hosting 1370+ Web3 projects, Bitcoin unlocks a partner chain to explore new use cases.

Top Benefits for Cardano Users Today

Cardano users are already reaping rewards from this integration, with practical enhancements boosting accessibility and utility.

▪️Enhanced DeFi Access

Bitcoin’s liquidity flowing into Cardano means users can now stake BTC in DeFi protocols, earn yields, or use it as collateral—all secured by zero-knowledge cryptography.

This expands Cardano’s 1300+ project ecosystem, which includes decentralized applications (dApps) built on its Plutus smart contract platform.

▪️Babel Fees Simplify Interaction

Cardano’s unique Babel Fees system lets users pay transaction fees in BTC instead of ADA, which is great for Bitcoin holders. This removes the need to acquire ADA upfront, lowering entry barriers and streamlining cross-chain participation.

Imagine a BTC holder joining a Cardano liquidity pool without swapping assets—Babel Fees make it seamless.

▪️Scalability in Action

With Leios on the horizon and Ouroboros already delivering high throughput, Cardano handles increased DeFi traffic efficiently. Users benefit from lower costs—often fractions of a cent per transaction—compared to Ethereum’s gas fees, making BTC-based DeFi on Cardano both practical and affordable. Sundial’s L2 bridging hints at even faster, cheaper transactions, though it’s still emerging.

▪️Community Governance

Cardano’s decentralized governance, rooted in its Voltaire phase, empowers users to shape the ecosystem. Bitcoin’s integration amplifies this, drawing in a broader community to vote on upgrades via on-chain mechanisms. This participatory model, paired with regulatory engagement in Washington D.C., builds trust among users and institutions alike.

In short, Cardano users gain a richer, more accessible DeFi landscape, fueled by Bitcoin’s scale and secured by cutting-edge tech.

Future Vision: Bitcoin and Cardano in Harmony

The ultimate goal of this integration transcends price speculation—it’s about making Bitcoin even more expansive in the multichain era of crypto. By merging Bitcoin’s liquidity with Cardano’s smart contract abilities, the duo makes for a better experience especially if you’re a Bitcoiner. You get to drive financial innovation on BTC on an unprecedented scale.

Picture a future where Bitcoin powers decentralized lending platforms on Cardano, or where BTC-backed stablecoins thrive across multichain ecosystems—all without centralized intermediaries.

Sundial and other L2’s integrated with BTC & ADA could accelerate this by enhancing scalability, potentially handling thousands of transactions per second. Cardano’s research-driven approach, with over 200 academic papers behind it, ensures this vision is grounded in rigor, not hype.

Bitcoin trusts Cardano to grow the network, and that is proof enough of Cardano’s firepower in the coming crypto cycles.

Analysts like Michaël van de Poppe see ADA hitting $3 short-term, with $10 possible by year-end 2025 if adoption surges. Yet there are still some challenges: Bitcoin’s conservative base needs convincing, and technical hurdles in cross-chain architecture persist.

But if realized, Cardano becomes Bitcoin’s smart contract layer, unlocking $1.3 trillion in value for DeFi while reinforcing Cardano’s role as a sustainable, scalable blockchain. This is about a symbiotic leap forward in crypto, blending Bitcoin’s dominance with Cardano’s innovation to reshape finance for millions.

@ Newshounds News™
Source:  Bitcoin News

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HOW NORTH KOREA’S $1.14B BITCOIN STASH COULD THREATEN THE CRYPTO MARKET

▪️North Korea has amassed a significant Bitcoin reserve through cybercrime, posing a potential market risk due to possible large-scale sales.

▪️The U.S. has established a large, legitimate Bitcoin reserve, contrasting with North Korea's illicit accumulation.

▪️North Korea's use of Bitcoin raises concerns about market stability.

North Korea has quietly built one of the largest government-held Bitcoin reserves, surpassing even crypto-friendly nations like El Salvador and Bhutan. This has raised concerns in the crypto community, as a sudden sell-off from North Korea could shake the market, causing a liquidity crisis and a major price drop.

What happens if they decide to sell off their holdings? Could this trigger a massive market crash? And more importantly, is this part of a bigger geopolitical game?

Here’s a closer look at how North Korea built its Bitcoin empire – and why the world should be paying attention.

Are Heists Fueling North Korea’s Bitcoin Growth?

North Korea’s rise as a major Bitcoin holder follows a large-scale cyber heist by the Lazarus Group, a state-backed hacking syndicate. On February 21, 2025, the group stole over $1.4 billion in cryptocurrency from Bybit, a well-known exchange.

Much of the stolen funds, originally in Ethereum, were later converted into Bitcoin, increasing North Korea’s total holdings to 13,562 BTC—now valued at more than $1.14 billion.

The US Takes a Different Approach

While North Korea has acquired Bitcoin through cyberattacks, the United States has opted for a structured approach. On March 6, 2025, President Donald Trump signed an executive order creating the Strategic Bitcoin Reserve (SBR). With 198,109 BTC, worth around $16.71 billion, the US now holds the world’s largest government-owned Bitcoin supply.

How Other Countries Compare in Bitcoin Holdings

According to Arkham data, several governments now hold significant amounts of Bitcoin:

▪️The United Kingdom has 61,245 BTC ($5.17 billion), mostly seized from criminal activity.
▪️Bhutan holds 10,635 BTC ($897.6 million) through its state investment arm, Druk Holdings.
▪️El Salvador, the first country to adopt Bitcoin as legal tender, has 6,117 BTC ($516.11 million).

Is Kim Jong Un Making a Strategic Bitcoin Move?

The timing of North Korea’s Bitcoin buildup, just as the US launched its Strategic Bitcoin Reserve, has raised speculation. Some analysts believe Kim Jong Un is using stolen Bitcoin to create a shadow reserve, helping North Korea bypass financial restrictions and fund operations without relying on traditional banking systems.

Bitcoin’s decentralized nature makes it a valuable asset for North Korea, which has been cut off from the global financial system due to international sanctions. Unlike traditional reserves such as gold or foreign currency, Bitcoin allows the country to move wealth and conduct transactions without oversight from global financial authorities.

Crypto Community Is Not Taking It Well

While the US sees its Bitcoin reserve as a financial strategy, North Korea’s growing stash appears to be part of a broader geopolitical game. This marks a shift where digital assets are becoming tools of economic and political influence.

The crypto community is increasingly worried about North Korea’s Bitcoin strategy.

Bitcoin is no longer just a currency; it’s a weapon, a shield, and a statement of power.

@ Newshounds News™
Source:  Coinpedia

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Seeds of Wisdom RV and Economic Updates Monday Morning 3-17-25

KEY US ECONOMIC EVENTS THIS WEEK: HOW MARKETS AND CRYPTO MAY REACT

▪Key US economic indicators this week, including retail sales, housing starts, and jobless claims, will provide signals about the economy.

▪The Federal Reserve's interest rate decision, expected to remain unchanged, will be closely watched for future policy hints.

▪Multiple indexes released on Thursday, including Existing Home Sales and the Fed Manufacturing Index, are forecast to decline.

This week, several key economic events in the US could shape market trends and investor sentiment. From retail sales and housing data to jobless claims and the Federal Reserve’s interest rate decision, these reports will offer crucial insights into the state of the economy.

Why does this matter? Because shifts in economic indicators don’t just affect traditional markets – they impact crypto too! A strong economy could fuel investor confidence, while signs of slowdown might trigger uncertainty.

Prime US Economic Events This Week

US Retail Sales Index – Monday

The US Retail Sales Index, set for release on Monday, measures the total sales of retail goods and services over a month.

In January, it dropped from 0.7% to -0.9%. The consensus expects that it would rise from -0.9% to 0.7%. According to TEForecast, the index would climb to 0.5%.

An increase in retail sales usually signals a strong economy, boosting investor confidence and encouraging riskier investments like cryptocurrencies. However, if consumer spending is too strong, the Federal Reserve may take a stricter stance on interest rates, which could negatively impact the crypto market.

US Housing Starts Index – Tuesday

The Housing Starts Index, coming out on Tuesday, tracks the number of new residential construction projects that begin each month.

In January, the index fell from 1.515 million to 1.366 million. The consensus forecast predicts a slight increase to 1.375 million, while TEForecast expects a further decline to 1.34 million.

A rise in housing starts signals economic growth and can boost investor confidence. However, if construction activity increases too much, it may push interest rates higher, making borrowing more expensive and potentially slowing down crypto investments.

US Initial Jobless Claims – Thursday

The Initial Jobless Claims report, scheduled for Thursday, tracks the number of people filing for unemployment benefits for the first time.

In the second week of March, it slipped from 222K to 220K. The consensus estimates that it would grow sharply from 220K to 224K. As per TEForecasts, it would reach as high as 225K.

Higher jobless claims indicate economic weakness, which can lower investor confidence. However, a weakening labor market may also delay interest rate hikes, which could support crypto prices in the short term.

US Existing Home Sales – Thursday

The Existing Home Sales Index, also releasing on Thursday, measures the number of homes sold where the mortgage has been finalized.

In January, home sales fell from 4.29 million to 4.08 million. Analysts expect another drop to 3.92 million.

A drop in US existing home sales signals economic slowdown. It may also suggest lower consumer spending. This could affect crypto market sentiment adversely.

Philadelphia Fed Manufacturing Index – Thursday

The Philadelphia Fed Manufacturing Index, based on a survey of manufacturers in the Third Federal Reserve District, is set for release on Thursday.

In February, the index dropped from 44.3 points to 18.1 points. Analysts expect it to fall further to 12.1 points, while TEForecast predicts a decline to 11 points.

A shrinking manufacturing index indicates economic contraction and could lead to a more cautious market, affecting investment in both traditional and digital assets.

Federal Reserve Interest Rate Decision – Wednesday

The Federal Open Market Committee (FOMC) will meet on Tuesday, with its decision on interest rates expected on Wednesday.

Most experts believe the Federal Reserve will keep rates unchanged for now. Recently, Fed Chair Jerome Powell  suggested that the central bank is taking a cautious “wait-and-see” approach, as many economic factors remain uncertain.

@ Newshounds News™
Source:  Coinpedia

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SOUTH KOREA'S CENTRAL BANK RULES OUT BITCOIN RESERVE POSSIBILITY: REPORT

▪The Bank of Korea said it has not considered the option of creating a bitcoin reserve.

▪The central bank cited bitcoin’s volatility and IMF guidelines as the reasons for its decision not to review.

The Bank of Korea (BOK) stated Sunday that it has not considered the possibility of incorporating bitcoin into its foreign exchange reserve, in an answer to a written query from a member of the National Assembly's Strategy and Finance Committee.

The BOK cited bitcoin's high volatility as a primary reason for its negative stance on accruing the cryptocurrency, the Korea Economic Daily reported.

The central bank expressed concern that volatility in the cryptocurrency market could lead to a significant surge in transaction costs when cashing out bitcoin, according to the news report.

Bitcoin also does not comply with the International Monetary Fund's guidelines for foreign exchange reserve management, the BOK said. The IMF states in its guidelines that a foreign exchange reserve must control liquidity, market and credit risks "in a prudent manner."

On March 6, U.S. President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve, based on the BTC the government seized from criminal or civil proceeding

While Trump's move prompted several countries to positively consider creating their own bitcoin reserves, the South Korean central bank has cited skeptical views shared by Japan, Switzerland and the European Central Bank.

Beyond the issue of creating a bitcoin reserve, South Korea has recently been moving to loosen its strict regulations on crypto. The country's financial watchdog is currently rolling out its plan to gradually lift the ban on institutional crypto trading, and is preparing to establish its second crypto legal framework, focusing on managing stablecoins.

The Block reached out to the BOK for further comment.

@ Newshounds News™
Source:  The Block

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Sunday Afternoon 3-16-25

Good Afternoon Dinar Recaps,

JPMORGAN CHASE, WELLS FARGO AND BANK OF AMERICA REFUSE TO REIMBURSE CUSTOMERS AFTER SCAMMERS ATTACK ACCOUNTS: REPORTS

New reports show JPMorgan Chase, Wells Fargo and Bank of America are closing the door on customers hit by fraud, rejecting their claims and refusing to reimburse their accounts.

JPMorgan Chase refused to refund a customer in Northern California after a scammer used a fake driver’s license to initiate unauthorized withdrawals, reports the ABC-affiliated news station KGO-TV.

Katrina, who preferred not to give her last name, says someone pretending to be her withdrew money from her Chase account without even having her bank card or PIN.

The con artist, who is still at large, made two withdrawals from Katrina’s account totaling $1,500.

Katrina filed a police report and the next month, she received a letter from Chase telling her that the bank has denied her claim, alleging that she both authorized and benefited from the withdrawals. After Katrina reached out to the local news for help, the bank reversed its decision.

Meanwhile, Wells Fargo has told a customer in South Carolina that she’s out of luck after falling victim to scammers pretending to work at the bank’s fraud department, reports the NBC affiliate WGAL.

Stephanie Zufall received a message asking her to verify a $1,300 Apple Pay transaction. She replied “no” and soon received a call from someone posing as a Wells Fargo representative.

The scammer tricked Zufall into depositing $3,000 into an ATM via her mobile wallet, then stole it by linking her account to his.

Wells Fargo denied her claim and in response to the news report, says it’s re-opened the investigation.

Lastly, Bank of America says it will not reimburse an aspiring entrepreneur’s account after she lost $20,000 to a scammer impersonating the bank.

The customer says she received a call from a spoofed number matching BofA’s support number on her debit card, reports the ABC-affiliated WLS-TV.

The scammer convinced her to transfer the money to supposedly protect it, only for her to later discover that she had been deceived.

Bank of America says it’s not liable and its real staff would never ask customers to send money over the phone.

The customer says the loss has forced her to abandon plans to start a new business.

“I’ve been working 10 to 13 hours plus with no break. I have to expedite that money that was stolen from me, and it wasn’t just stolen from me, but stolen from my kids, too.”

@ Newshounds News™
Source:  Daily Hodl

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BRICS MAKES MAJOR ANNOUNCEMENT ON DE-DOLLARIZATION

The major announcement from the BRICS alliance is that the bloc is divided on the global de-dollarization agenda. The nine-member alliance is seeing divisions as cracks open up from all sides on what the group stands for. While some countries want to launch a new common currency for trade and transactions, others don’t. The breaking up of ideas is causing a split within the group with each country wanting different agendas.

BRICS: India & Brazil Announce ‘No Interest’ in De-Dollarization

BRICS member India has made it clear that it has no interest in ending reliance on the US dollar and will not pursue the de-dollarization agenda. Foreign Minister S. Jaishankar said that India has “absolutely no interest” in undermining the US dollar. He said that the country “has never had a problem” with the greenback and has no plans to replace it.

In addition, four Brazilian government officials on the condition of anonymity said that Brazil plans to reject the BRICS currency. Brazil chairs the upcoming summit in July and plans to dismiss the formation of the new currency. President Luiz Lula da Silva is planning to nix the idea as he chairs the 17th summit, reported Reuters. Therefore, BRICS members India and Brazil are against de-dollarization in 2025.

Even BRICS members South Africa and the United Arab Emirates (UAE) remain on the sidelines of the de-dollarization initiative. Only Russia, China, and Iran are aggressively looking to replace the US dollar for cross-border transactions. Russia and Iran are reeling under sanctions that are making them desperate to find an alternative to the US dollar.

On the other hand, China is looking to use BRICS as a stepping stone to pursue its agenda of global domination. India does not want that to happen as it sees the Communist country as an opportunist. In conclusion, the idea of BRICS reshaping the de-dollarization initiative is a farce with no unity and more divisions.

@ Newshounds News™
Source:  Watcher Guru

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XRP HOLDERS THIS IS WHY RIPPLE WILL REPLACE SWIFT - BANKS WILL BEG FOR XRP  |  Youtube

XRP JUST FLIPPED ETHEREUM IN FDV - NOTHING IS KEEPING XRP FROM GOING PARABOLIC  |  Youtube

@ Newshounds News™
Source:  Common Sense Crypto

~~~~~~~~~

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Economist’s “News and Views” Sunday 3-16-2025

GOLD Is Telling YOU: The GLOBAL RESET Is IMMINENT  | Willem Middelkoop

Soar Financially:  3-16-2025

Willem Middelkoop, founder and CEO of the Commodity Discovery Fund and author of “The Big Reset,” joins us to break down gold’s historic surge above $3,000.

Willem shares why geopolitical uncertainty, currency debasement, and soaring physical gold demand signal the global reset he has long predicted is underway.

He reveals why this is only the beginning, and how investors positioned in gold and silver could benefit tremendously.

00:00 – Gold Hits $3,000

01:04 – Willem Middelkoop Returns

02:09 – Why Gold Is Rising

 03:27 – Institutional & Central Bank Demand

 04:38 – Physical vs. Paper Gold

05:26 – War Risk in Europe

07:07 – The Big Reset Begins

 07:41 – De-dollarization Update

09:17 – China Leads Multipolar World

 10:28 – Russia’s Role Explained

11:39 – Are BRICS Still Relevant?

13:16 – Trump & Dollar Confidence

14:19 – US Debt Crisis

 16:45 – Gold Signals Dollar Trouble

 18:39 – Market Volatility Ahead

19:42 – Gold-Backed Bonds?

21:06 – Geopolitics & Critical Minerals

24:01 – Commodity Investing Outlook

27:15 – Deregulation: Too Little Too Late

https://www.youtube.com/watch?v=xrjpeIVYC1M

CRASH ALERT! Trump's Plan to Destroy the Old Fiat System! The New "Golden Age" Dawns!

(Bix Weir)  3-14-2025

https://www.youtube.com/watch?v=I5LnVZZjafs

Financial Collapse Imminent, GOLD At ALL-TIME HIGH | David Hunter

Soar financially:  3-16-2025

In this interview, David Hunter, Chief Market Strategist at Contrarian Macro Advisors, shares his bold predictions on the global economy, stock markets, and the looming financial crisis.

He discusses the potential for a recession worse than 2008, the Fed’s policy mistakes, and why he believes the market will first skyrocket before experiencing a major collapse.

Hunter also dives into his gold and silver price targets, the impact of tariffs on inflation, and why he sees a significant drop in the US dollar coming soon.

00:00 – Intro & Welcoming David Hunter

 02:01 – Does the White House Want a Recession?

10:15 – Market Overview: Is a Rally or a Crash Coming?

16:47 – The Fed’s Policy Mistakes and Economic Risks

24:40 – Inflation vs. Stagflation: What’s Really Happening?

31:28 – The Auto Loan & Real Estate Bubble

36:21 – Global Bust Incoming – Worse Than 2008?

 39:27 – The US Dollar Collapse: What’s Next?

44:09 – Gold & Silver Predictions: $3,400 Gold, $75 Silver?

46:52 – Stock Market Targets: S&P 7500, Nasdaq 25K, Dow 55K?

 49:57 – Recession vs. Depression: How Bad Could It Get?

https://www.youtube.com/watch?v=pAzX-bNo1wY

Seeds of Wisdom RV and Economic Updates Sunday Morning 3-16-25

Good Morning Dinar Recaps

U.S. SENATE PASSES CONTROVERSIAL BILL TO AVOID GOVERNMENT SHUTDOWN

▪The Senate passed a Republican-led spending bill to avert a government shutdown, with key Democratic support.

▪Senate leader Schumer prioritized avoiding a shutdown, arguing it would grant Trump and "DOGE" excessive power.

▪The bill's passage revealed a divide within the Democratic party, with moderates and allies supporting Schumer's pragmatic approach.

The U.S. Senate narrowly avoided a government shutdown on Friday, passing a Republican-led spending bill just before the midnight deadline. The vote was 62-38, with 10 Democrats siding with nearly all Republicans. But while the bill kept the government running, it exposed deep divisions within the Democratic Party – especially when it comes to handling Donald Trump’s influence.

Behind the scenes, tensions ran high. Some Democrats wanted to take a stand against the GOP, while others feared the consequences of a shutdown. Senate Majority Leader Chuck Schumer was caught in the middle, making a strategic move that surprised many. So, why did he support the bill?

Schumer’s Quiet Strategy

Senate Majority Leader Chuck Schumer faced pressure from progressives and House Democrats to oppose the GOP-backed bill. However, he stayed quiet about his stance all week. On Thursday, he finally announced his support, giving other Democrats the green light to follow. This move helped reduce the risk of a shutdown during uncertain economic times.

Schumer admitted the bill wasn’t ideal but argued that shutting down the government would give Trump and his allies too much power.

The Democrats Who Voted With Republicans

Nine Senate Democrats joined Schumer in supporting the bill, temporarily giving up some leverage over Trump. These lawmakers included moderates, Schumer’s close allies, senators from states with many federal workers, and those nearing retirement. They agreed with Schumer that preventing a shutdown was the better option, fearing that Trump and Elon Musk could use the crisis to gain even more control.

Schumer warned that the future of government funding was now in the hands of Trump, Musk, and their allies. He cautioned that if a shutdown happened, it could last six to nine months and create serious instability.

Some Democrats criticized him for giving up too soon, saying he missed a rare chance to pressure Republicans after the House passed the GOP’s spending bill with Trump’s backing.

“I’ll Take Some Bullets,” Says Schumer

The vote largely followed party lines, 54-46, leaving many Democrats frustrated. They argued the bill failed to address key issues like healthcare and housing.

Schumer acknowledged the criticism but stood by his decision. “I’ll take some of the bullets,” he said, accepting that both moderates and progressives would be unhappy. The nine Democratic senators who voted with him may also face political consequences, but none are expected to have immediate election challenges.

House Democrats Frustrated Over Schumer’s Move

House Democrats, who had earlier rejected the bill, were upset with Schumer’s decision. Leaders like Hakeem Jeffries wanted a short-term funding bill to allow more time for negotiations. They argued the GOP bill gave Trump too much power while cutting critical services, including funding for Washington, D.C.

Senate Republicans, including John Thune, defended the bill, saying Democrats failed to complete last year’s budget, making another stopgap measure necessary.

Despite criticism from some Democrats, the White House stood by Schumer. The president praised him for making a “bold and courageous” choice, showing his approval of the compromise.

@ Newshounds News™

Source:  Coinpedia

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4 TYPES OF FINANCIAL DOCUMENTS YOU SHOULD KEEP TOGETHER AT ALL TIMES IN CASE OF EMERGENCY — HERE’S WHY

Life is full of the unexpected. You never know when you may find yourself in dire straits or faced with an emergency that’s totally out of your control. Sadly, Americans are affected by weather-related disasters now more than ever before.

According to the NOAA’s National Centers for Environmental Information (NCEI), 2024 alone was full of “billion-dollar” weather-related natural disasters: There were 27 individual weather and climate disasters with at least $1 billion in damages, which is only one less than the record of 28 events in 2023. Last year’s natural disasters took nearly 600 lives and cost approximately $182.7 billion in total.

With natural disasters on the rise, you’ll absolutely need to be prepared for whatever comes your way. This includes having a “financial go bag” at the ready.

A financial go bag is basically what it sounds like: It’s a bag with everything related to your finances, identity, emergency contacts and medical information that you need to keep on your person.

Here are four specific categories of items you’ll want to be sure you have in your financial go bag.

Financial and Legal Documents

Having copies of any applicable financial and legal documents printed and at the ready is critical, according to the Federal Emergency Management Agency (FEMA). For example, if your home is destroyed in a fire, maintaining copies of these documents in your go bag may be the only physical proof you have of account ownership.

These include but are not limited to the following types of documents:

▪Credit and debit card statements
▪Checking account statements
▪Savings account statements
▪Retirement and investment account statements
▪Utility bills
▪Student loan statements
▪Alimony and child support documents
▪Elder care information.

Identification

When faced with a catastrophe, you’ll need to have at least a few forms of identification in your bag, according to FEMA.

Two important reasons are you may need to be identified to receive emergency medical attention, or authorities may need to identify you if you’re attempting to cross a security checkpoint.

These include but are not limited to the following types of identification:

▪Passport
▪Driver’s license
▪Social Security card
▪Green card
▪Military service identification
▪Pet ownership papers and identification tags.

List of Emergency Contacts

FEMA also recommends keeping a list of emergency contacts in your bag in case of evacuation. For example, maybe your cell phone, which contains all your contacts, dies, and the only way to contact someone is by using someone else’s phone and referencing the list in your bag.

These include but are not limited to the following types of contacts:

▪Doctors and specialists
▪Dentists
▪Pediatricians
▪Veterinarians
▪Your children’s school
▪Your employer
▪Local emergency services.

Medical Information

If an emergency strikes, it could result in injuries to you or your family. In the worst-case scenario, you have to have all pertinent medical information ready in your bag, according to FEMA, to ensure you receive the care and benefits you’re entitled to get.

This includes but is not limited to the following medical information:

▪Health insurance cards
▪Medicare and/or Medicaid cards
▪Dental insurance cards
▪Any other health benefits, such as VA benefits
▪A detailed and up-to-date list of medications you take
▪Immunizations records
▪Allergy information
▪Medical equipment and devices you need
▪Pharmacy information
▪Living will, medical power of attorney and any disability documentation.

@ Newshounds News™

Source:  Yahoo Finance

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Saturday Afternoon 3-15-25

Good afternoon Dinar Recaps,

2,300,000 CREDIT AND DEBIT CARDS LEAKED ON DARK WEB AS HACKERS INFECT MILLIONS OF DEVICES, DRAIN BANK ACCOUNTS: REPORT

Millions of debit and credit cards have been leaked on the dark web amid an explosion in the number of devices infected by data-stealing malware, according to cybersecurity and anti-virus firm Kaspersky.

Kaspersky says that from 2023 to 2024, at least 2.3 million bank cards were exposed via infostealer malware and posted on the dark web.

Over the same period, infostealer malware infected 26 million devices running Windows. The cybersecurity firm says bank card information is stolen in every 14th infection by this type of malware.

According to Kaspersky expert Sergey Shcherbel, the actual number of devices infected by infostealers is most likely higher.

“Cybercriminals often leak stolen data in the form of log files months or even years after the initial infection, and compromised credentials and other information continue to surface on the dark web over time. Therefore, the more time passes, the more infections from previous years we observe.”

The cybersecurity firm says the infostealer malware known as Redline was the most prevalent of the data-thieving malware, accounting for 34% of the total infections in 2024. Risepro, which primarily focuses on stealing banking card details and passwords, is another fast-spreading infostealer.

“The most significant surge in 2024 was in infections caused by Risepro, whose share of total infections increased from 1.4% in 2023 to almost 23% in 2024.”

According to Kaspersky, the Risepro infostealer, which is also targeting cryptocurrency wallet data, is spreading through software cracks, game mods and key generators.

Kaspersky advises individuals and organizations monitor bank notifications, enable two-factor authentication and run full security scans on all devices to remain vigilant against these types of malware threats.

@ Newshounds News™
Source:  DailyHodl

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BRICS LOOK TO BLOCKCHAIN FOR ALLIANCE PAYMENT SYSTEM

Amid the alliance’s efforts to move away from the US dollar-dominated financial system, the BRICS bloc is reportedly eyeing blockchain as the basis for its developing payment system. Indeed, the collective is introducing a new proposal to push its efforts for economic autonomy forward.

The BRICS bloc has been engaged in a faceoff with the US since the return of President Donald Trump to the White House. Specifically, he has threatened 150% tariffs on the alliance amid its de-dollarization efforts. In response, the bloc has fractured, with some continuing to pursue movement away from the greenback.

BRICS New Proposal Eyes a Blockchain-Based Payment System

Throughout the last year, the BRICS bloc has targeted its own independence from the US dollar. The currency has continued to be weaponized, with the Biden administration instituting sanctions and Trump now introducing tariffs. Indeed, the collective has gone as far as to challenge the influence of the Petrodollar.

Those efforts have only taken a step forward this week with the 2025 summit nearing. Indeed, the BRICS bloc is eyeing blockchain technology for an alliance payment system that will further challenge the greenback, according to a new proposal.

cording to a new report, BRICS 2025 chairmanship holder, Brazil, has introduced the new initiative. It would seek to streamline cross-border transactions and lower costs to increase efficiency for local currency settlement. Although the bloc has assured it will not challenge the US dollar’s dominance, it would encourage and promote local currencies.

It will now be up to Trump and the US to identify the difference. Throughout his first two months back in office, he has not shown that kind of discernment when it comes to the greenback. Specifically, his campaign trail activities that signaled the US dollar’s status as a global reserve asset remained one of his most important focuses.

@ Newshounds News™
Source:  Watcher Guru

~~~~~~~~~

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Insiders Claim Trump will Reset Economy July 4th 2026 to a New Gold Back Currency w/ Andy Schectman

Insiders Claim Trump will Reset Economy July 4th 2026 to a New Gold Back Currency w/ Andy Schectman

Sarah Westall  Mar 14, 2025

In this interview with Andy Schectman, Andy drops a bombshell stating that Judy Shelton, Trump’s former pick for the Federal Reserve, told him directly that Trump will pull the trigger on the economic reset July 4th 2026 with a gold backed currency.

That’s a pretty big deal coming from Shelton. We know the economy is ready for a reset soon, what ultimately occurs is still up in the air, but this was big news to me.

Details of the interview:

Andy Schectman rejoins the program to discuss the volatile market and the massive gold moving off the COMEX. An unprecedented situation which has never been seen in our life time. He also shares what he has heard from insiders that Trump plans on flipping the switch on the new US economy July 4th, 2026.

https://sarahwestall.substack.com/p/insiders-claim-trump-will-reset-economy

To listen to video click here:  https://sarahwestall.com/insiders-claim-trump-will-reset-economy-july-4th-2026-to-a-new-gold-back-currency-w-andy-schectman/

Seeds of Wisdom RV and Economic Updates Saturday Morning 3-15-25

Good Morning Dinar Recaps,

US CONGRESSMAN TO INTRODUCE NEW CRYPTO BILL PROTECTING TRUMP’S STRATEGIC BITCOIN RESERVE

Recent reports revealed that another member of the US House of Representatives will introduce a new bill on March 14 to codify US President Donald Trump’s executive order for a Strategic Bitcoin Reserve (SBR). This move follows recent efforts by several US lawmakers to formalize and protect Trump’s crypto plan.

New Bill Proposes US Bitcoin Reserve’s Protection

On Friday, Bloomberg reported that US Representative Byron Donalds will introduce a bill to codify President Trump’s executive order to establish a national Bitcoin (BTC) reserve. The proposed legislation reportedly seeks to formalize Trump’s plan and protect the strategic reserve from potential industry-adverse administrations in the future.

According to the report, the bill “would ensure that the reserve and stockpile could not be eliminated by executive action from a future president.” The US President signed an executive order on March 6 to create a strategic BTC reserve and a “Digital Asset Stockpile” within the US Department of the Treasury.

The order indicates that these initiatives would be funded by crypto seized from government criminal and civil forfeiture proceedings, including the US’ 200,000 BTC holdings and other digital assets already owned by the Treasury Department.

In a statement to Bloomberg, Donalds affirmed that the “Democrats waged a war” on the crypto industry and it “is the time for Congressional Republicans to decisively end.” The legislation requires at least 60 votes in the US Senate and a House majority to pass.

The US Representative’s move is the latest in the recent efforts from various US lawmakers to give Bitcoin recognition as a strategic asset at the state and national levels under the new crypto-friendly administration, including Senator Cynthia Lummis’s actions to codify President Trump’s recent executive order.

On Tuesday, US Senator Lummis reintroduced her reserve bill, initially introduced last July, in the Senate to implement a BTC purchase program. As reported by Bitcoinist, the bill is co-sponsored by Republican Senators Jim Justice, Marsha Blackburn, Bernie Moreno, Roger Marshall, and Tommy Tuberville.

The Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act, or Bill S954, aims to “ensure the transparent management of Bitcoin holdings of the Federal Government, to offset costs utilizing certain resources of the Federal Reserve System, and for other purposes.”

The US Senator highlighted the “landmark legislation that will codify President Trump’s bold vision to establish the United States Strategic Bitcoin Reserve and strengthening our nation’s economic foundation for generations to come."

Lawmakers Split Over Trump’s Crypto Reserve

Meanwhile, US Representative Nick Begich also introduced the “Bitcoin Act on 2025,” a companion bill to Senator Lummis’ legislation, to the US House on Tuesday. The legislation, co-sponsored by six Republican Representatives, is “designed to ensure the United States secures its financial independence and maintains its leadership in the global digital economy.”

Begich emphasized the need for the United States to establish a formal Bitcoin reserve, like its gold reserves, as “America cannot afford to fall behind in this financial revolution.”

Nonetheless, recent reports revealed that other Congress members are opposing President Trump’s crypto plan. Democratic Representative Gerry Connolly recently wrote a letter to Treasury Secretary Scott Bessent, pushing to abandon the strategic reserve plans.

The congressman considers, “Such a reserve provides no discernible benefit to the American people but would significantly enrich the President and his donors. It would also constitute unsound fiscal policy by picking winners among currencies via social media and wasting taxpayer dollars.”

The letter also asks for the documents and communications about the reserves, soliciting a “detailed list of safeguards that are in place to protect against government officials financially benefiting from the strategic cryptocurrency reserve.”

@ Newshounds News™

Source:  Bitcoinist

~~~~~~~~~

GOLD ETFS WINNING THE ASSET RACE WITH BITCOIN FUNDS–FOR NOW

The price of the traditional safe-haven asset has soared recently, but bitcoin is the real “hot sauce,” says analyst Eric Balchunas.

Gold exchange-traded funds in the U.S. are leading in assets under management again after briefly being dethroned by the new American Bitcoin ETFs, a result of the traditional risk-off asset’s surge to a record high and BTC’s recent slump.

American ETFs giving investors exposure to gold’s price are collectively managing close to $150 billion in assets, VettaFi data shows. The 11 Bitcoin ETFs—approved by the SEC last year—now have over $93 billion in managed assets.

In December, Bitcoin ETFs briefly overtook their gold counterparts, according to K33 Research, thanks to the cryptocurrency’s price increase following the election of U.S. President Donald Trump, whose policies were widely expected to boost the digital asset industry.

Bitcoin spiked to an all-time high at nearly $109,000 in January the day of his inauguration. But it has steadily lost ground and was recently trading around $84,000, down about 25% from that record.

Friday’s BTC price comes the precious metal hit a record of $3,014 per ounce as investors spooked by the new president’s trade war look for less volatile investments. Gold is a traditional safe-haven asset favored during periods of economic turbulence.

Bitcoin has largely traded similar to tech stocks and other risk-on assets over the past year.

“Bitcoin has some safe haven qualities, but lately it’s behaved more like a risk asset, and that’s why we’ve seen more outflows in those spot ETFs,” etf.com’s Senior Content Editor Kent Thune, who oversees research at the publication, told Decrypt, noting gold’s status as an inflation hedge and safe-haven investment in the “current environment.”

The new Bitcoin ETFs smashed expectations last year following their approval after new capital from investors previously locked out of the world of crypto investing flooded the market. The funds collectively breached $3 billion in net flows just one month after they started trading—beating the launch of the gold ETFs 20 years ago.

But macroeconomic uncertainties and traders concerned about Trump’s policies, including his tariffs on favored trading partners, have led to massive outflows this year, helping push the price of Bitcoin down.  

Still, this trend could soon be reversed, Bloomberg ETF analyst Eric Balchunas said, as Bitcoin is the real “hot sauce.”

“It’s not really a reflection of customer interest,” he said, adding gold catching up with Bitcoin again was simply down to “the market.”

“Most regular people want stocks and bonds and spice—they want real speculative stuff. So to me, gold isn’t hot sauce, and the fact that Bitcoin could act as hot sauce made it still a lot better over the past year than gold, even though gold is going up.”

“I just think that gold can never be hot sauce,” he said, adding that while gold has won the battle, Bitcoin could win the war in the medium- to long-term.

@ Newshounds News™

Source:  Decrypt

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Friday Afternoon 3-14-25

Good Afternoon Dinar Recaps,

RIPPLE BREAKS GROUND IN MIDDLE EAST: SECURES FIRST PAYMENT LICENSE

▪Ripple has become the first blockchain payments provider to receive official licensing from the Dubai Financial Services Authority (DFSA).

▪Ripple’s Middle Eastern expansion strategy started backin 2020 when the company established its regional headquarters in the DIFC.

Ripple has become the first blockchain payments provider to receive official licensing from the Dubai Financial Services Authority (DFSA). With this approval, Ripple can tap into UAE’s $40 billion cross-border payments market.

On 13 March 2025, Ripple announced unlocking fully regulated cross-border crypto payments in the UAE, “bringing faster, cheaper, and more transparent transactions to a $40B market.”

Commenting on the development, Ripple CEO Brad Garlinghouse said, “We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption.”

“Thanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit,” he added.

Ripple’s First License In The Middle East

The company receiving operational rights within the Dubai International Financial Centre (DIFC) means that Ripple’s global payments product will be available for businesses in the UAE.

Welcoming Ripple to the Middle East, Arif Amiri, DIFC CEO said, ”We are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA license that makes them the first blockchain-enabled payments provider in DIFC.”

Ripple’s Middle Eastern expansion strategy started back in 2020 when the company established its regional headquarters in the DIFC.

“As the Middle East, Africa and South Asia’s leading global financial centre, DIFC is proud to support forward-thinking companies like Ripple as they shape the future of finance and accelerate the adoption of blockchain technology in the payments industry,” said Amiri.

UAE : Global Hub For Outbound Finance With  $400bn+ Market For International Trade

Notably, Ripple insists that it is seeing increasing demand from across the Middle East, “from crypto-native firms and traditional financial institutions alike.”

According to a 2024 business survey carried out by Ripple, 64% of Middle East and Africa (MEA) finance leaders see faster payments and settlement times as the biggest value proposition for incorporating blockchain-based currencies into their cross-border payments business.

“Dubai and the broader UAE have established themselves as leaders in fostering a progressive and well-defined regulatory framework for digital assets,” said Reece Merrick, Ripple’s Managing Director for Middle East and Africa.

@ Newshounds News™
Source:  99 Bitcoins

~~~~~~~~~

BINANCE FOUNDER CZ DENIES TRUMP FAMILY INVESTMENT, PARDON TALKS

The Wall Street Journal reported that representatives of the Trump family were in talks with Binance to take a stake in the exchange giant's U.S. arm.  Reported in this morning's Dinar Recaps Blog,  Source:  Bitcoinist

Representatives for the family of U.S. President Donald Trump are holding discussions with Binance about investing in its U.S. arm, according to a Wall Street Journal report on Thursday.

The WSJ said that the exchange giant's founder Changpeng "CZ" Zhao, who is the firm's largest shareholder, was also seeking a pardon, citing people familiar with the matter. Zhao, who was then the company's CEO, pleaded guilty on money laundering charges in November 2023 and served four months in prison.

Zhao denied the WSJ report in an X post.

"The WSJ article got the facts wrong," he wrote Thursday. "Fact: I have had no discussions of a Binance US deal with…well, anyone."

@ Newshounds News™
Read more: Decrypt

~~~~~~~~~

KENTUCKY SENATE PASSES BILL PROTECTING BITCOIN SELF-CUSTODY RIGHTS

Yesterday evening, the Kentucky Senate unanimously passed a bill aimed at protecting Bitcoin self-custody rights and digital asset mining operations. With a decisive 37-0 vote, the legislation, titled AN ACT relating to blockchain digital assets (HB 701), now moves to the Governor’s desk for final approval.

Sponsored by Representatives Adam Bowling and T.J. Roberts, the bill affirms the right of individuals to self-custody digital assets through self-hosted wallets. Additionally, it prevents local zoning laws from discriminating against digital asset mining businesses, ensuring that Bitcoin miners can operate freely within the state.

The bill outlines several key provisions, including:

▪Protection for Bitcoin self-custody: Individuals have the legal right to use and store digital assets in self-hosted wallets.
▪Prohibition of discriminatory zoning laws: Local governments cannot impose zoning changes that unfairly target digital asset mining businesses.
▪Exemptions from money transmitter licensing: Home Bitcoin miners and digital asset mining businesses are exempt from Kentucky’s money transmitter requirements.
▪Clarification of securities laws: Digital asset mining and staking as a service are explicitly not classified as securities under Kentucky law.

After passing through the Kentucky House with a 91-0 vote on February 28, 2025, the bill moved swiftly through the Senate. The March 13 vote saw full bipartisan support, with 37 senators voting in favor, zero opposed, and one not voting.

The legislation now awaits the Governor’s signature, which would officially enshrine Bitcoin self-custody protections and digital asset mining rights into Kentucky law. If signed, Kentucky will become one of the more Bitcoin-friendly states in the country, setting a precedent for other states to follow.

@ Newshounds News™
Source:  Bitcoin Magazine

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Friday Morning 3-14-25

Good Morning Dinar Recaps,

TRUMP FAMILY ALLEGEDLY IN TALKS TO ACQUIRE BINANCE US STAKE AS CZ ‘SEEKS’ PARDON – REPORT

A recent report alleges that the Trump Family has been in talks to take a stake in crypto exchange Binance’s US arm, which could facilitate the company’s return to the country. Simultaneously, the exchange’s co-founder, Changpeng Zhao, also known as “CZ,” has allegedly been “pushing” for a pardon from the Trump administration.

Trump Family In ‘Deal Talks’ For Binance US Stake?

On Thursday, The Wall Street Journal (WSJ) reported that representatives of US President Donald Trump’s family have held talks to acquire a financial stake in Binance US since 2024. According to people familiar with the matter, the talks allegedly began as part of the global exchange’s plan to return to the US.

Binance reportedly contacted Trump’s camp, offering a business deal with the Presidential Family. The company “began exploring a return to the U.S. market last year around the time of Trump’s election win” and “told people it was willing to make a deal with Trump’s company and wanted to eliminate its legal problems,” the report states.

However, it was unclear how the Trump family stake would come together if they struck a deal. The WSJ sources said the options included the deal going through the Trump family crypto venture, World Liberty Financial (WLF).

Moreover, Steve Witkoff, the United States Special Envoy to the Middle East, was seemingly involved in the deal talks. Witkoff is a co-founder of WLF, but a Trump administration official denied any involvement, adding that he is “in the process of divesting from his business interests.”

The report claims that “After Trump won, Binance set up a working group under CEO Richard Teng, which included senior legal and compliance staff, to assess options. Executives knew that Zhao’s conviction complicated any return, as it would be difficult to sign up new commercial partners in the U.S. with a felon as a majority shareholder.”

As a result, the company executive “saw a potential legal playbook in the saga of Justin Sun,” who recently had the Securities and Exchange Commission (SEC) pause its lawsuit against him. This route consisted of “a cash infusion into World Liberty Financial in exchange for a pardon for Zhao,” the sources told the news media outlet.

CZ Denies Claims Of “Pushing” For A Pardon

The report also stated that Changpeng Zhao, Binance’s co-founder and largest stakeholder, has been “pushing for the Trump administration to grant him a pardon” amid the deal talks, which allegedly continued after the US President’s inauguration.

The news caused outrage among several crypto investors, who considered the potential financial deal for a pardon “the cherry on top” of the recent TRUMP and MELANIA memecoin controversies.

CZ responded to the report, denying the allegations. In an X post, he stated, “The WSJ article got the facts wrong.” He explained that over 20 people informed him they had been asked to confirm the “deal for a pardon” by the WSJ and other media outlets.

According to the Binance founder, he has not discussed a Binance US deal with anyone but noted, “No felon would mind a pardon, especially being the only one in US history who was ever sentenced to prison for a single BSA charge.”

To him, “they tried hard to make a story to report,” while the article feels like “an attack on the President and crypto, and the residual forces of the ‘war on crypto’ from the last administration are still at work.”

Meanwhile, Bloomberg reported on Thursday that WLF “has discussed doing business with the world’s largest digital-asset exchange, Binance Holdings Ltd., according to four people with knowledge of the talks.”

The article stated that it is unclear what stage these discussions reached but included the possibility of the crypto exchange developing a US-backed stablecoin with the Trump Family’s crypto venture.

@ Newshounds News™
Source:  Bitcoinist

~~~~~~~~~

BRAZIL TO PUSH CRYPTOCURRENCY AS A PRIORITY FOR INTERNATIONAL BRICS TRADE

Brazil will push crypto initiatives, including a blockchain payment system, to expedite international trading as part of its presidency at BRICS this year. Local media stated this would be a priority for the South American giant’s plans for the organization.

Brazil to Push Hard for Crypto Implementation in BRICS Trade

The agenda of Brazil as president of the BRICS bloc will feature an unlikely topic: crypto. Brazilian authorities are preparing to introduce proposals for the organization to consider cryptocurrency as a solution for international settlements both inside and outside the bloc.

Local journal “O Globo” noted that this topic would be a priority as Brazil is now the President of BRICS, taking the mantle from Russia. The proposal would support the need to expedite financial transactions among group members, and reduce the dependence on foreign currencies like the U.S. dollar.

While the idea of a BRICS common currency was floated before, with economists like Jim Rickards predicting it would leverage gold to undermine the dollar, this has not been suggested. Instead, BRICS is focusing on designing an efficient payment system to make use of digital national currencies or even stablecoins, which are already being used in international settlements, though informally.

President Donald Trump opposed the BRICS currency idea, proposing a 100% tariff regime if the organization abandoned the U.S. dollar for a new currency, defending the dollar’s role as the world’s trading coin.

Brazil could also present a system like Pix, that uses different networks and systems based on fiat currencies. Nonetheless, this might raise worries about the sovereignty and independence of the system, as fiat currencies might be subject to different regulatory standards.

Russian officials have confirmed that BRICS is indeed taking this as a priority, hosting talks to determine the best course of action in this regard. Last month, Russian Foreign Minister Sergey Lavrov stressed that President Luis Inacio Lula Da Silva had taken the initiative in this field, examining the creation of a so-called transborder payment initiative, the creation of a reinsurance company, and the BRICS Clear settlement and depositary infrastructure.

@ Newshounds News™
Source:  BitcoinNews

~~~~~~~~~

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Seeds of Wisdom RV and Economic Updates Thursday Evening 3-13-25

Good Evening Dinar Recaps,

BREAKING XRP NEWS: SEC REVEALS SWIFT REPLACEMENT WITH XRP!

Big news is shaking up the financial world! The Securities and Exchange Commission (SEC) just dropped a bombshell by publishing a document that suggests the potential replacement of the SWIFT system with XRP. This could be a game-changer for international money transfers and the entire banking system. Let’s dive into what this means and why it matters.

Understanding the SWIFT System

First off, let’s discuss what SWIFT is. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has been the backbone of international banking for decades.

It allows banks and financial institutions to send and receive information about financial transactions in a secure and standardized way. However, with the rise of blockchain technology and cryptocurrencies, there have been increasing calls for a more efficient system.

What is XRP?

XRP is a digital currency created by Ripple Labs, designed specifically for fast and low-cost international transactions. Unlike Bitcoin, which can take several minutes to confirm a transaction, XRP transactions are settled in just a few seconds. This speed and efficiency make it a strong contender for replacing traditional systems like SWIFT.

Why the SEC’s Document is Significant

The SEC’s recent publication is significant for multiple reasons. First, it indicates a shift in perception within regulatory bodies about the use of cryptocurrencies in mainstream finance. By mentioning XRP as a potential replacement for SWIFT, the SEC is acknowledging the growing influence of digital currencies and their capacity to transform the financial landscape.

Potential Benefits of Replacing SWIFT with XRP

Imagine conducting cross-border transactions without the delays and high fees associated with traditional banking systems. Replacing SWIFT with XRP could lead to:

Faster Transactions: As mentioned earlier, XRP processes transactions in seconds, which is a massive improvement over SWIFT’s typical processing times.
Lower Costs: Transaction fees for using XRP are significantly lower than those associated with SWIFT, which could save banks and consumers money.

Increased Accessibility: With XRP, individuals and businesses without access to traditional banking systems may find it easier to engage in international trade.

Challenges Ahead

While the prospects of replacing SWIFT with XRP are exciting, there are challenges to consider. Regulatory hurdles remain a significant concern. The SEC and other regulatory bodies will need to establish clear guidelines for how cryptocurrencies can be used in traditional finance.

Additionally, banks and financial institutions would need to invest in new technology to support XRP transactions, which could be a barrier to adoption.

The Future of International Transactions
As we look to the future, the idea of integrating XRP into the global financial system is becoming more viable. The SEC’s document is a pivotal step toward legitimizing the use of cryptocurrencies in mainstream finance. If XRP can effectively replace SWIFT, it could lead to a more efficient, transparent, and equitable global financial system.

Community Reactions

The community’s reaction to this news has been overwhelmingly positive. Many XRP enthusiasts are expressing their excitement on social media platforms, envisioning a future where XRP is widely accepted for international transactions. As JackTheRippler tweeted, the implications of this announcement could be massive for holders of XRP and for the crypto market as a whole.

Conclusion: What’s Next?

So, what’s next? The world will be closely watching how the SEC navigates this groundbreaking moment in financial history. Will other countries follow suit? What will be the response from traditional banks? The possibilities are endless, and it’s clear that the landscape of international finance is evolving rapidly.

In the meantime, it’s essential for investors and consumers to stay informed. The potential shift from SWIFT to XRP could redefine not just how we think about money, but also how we interact with the global economy. As always, do your research and stay updated on the developments surrounding XRP and the SEC’s ongoing activities.

@ Newshounds News™
Source: TrendsNewsLine

~~~~~~~~~

US LAW ENFORCEMENT CONFISCATES 749 BITCOIN TIED TO DECADE-OLD SILK ROAD CRIMES

U.S. authorities seized approximately 749 Bitcoin, valued at $62.5 million, tied to a Silk Road drug trafficking and money laundering operations, according to a March 12, 2025, Forbes report.

Silk Road Legacy Continues: $62.5M Bitcoin Seized in Latest Crackdown

The seizure, ordered by the U.S. Attorney for the Western District of Texas, targeted assets connected to two unnamed individuals: a former Silk Road drug vendor and an accomplice who laundered proceeds through cryptocurrency exchanges. Alongside bitcoin, Forbes reported that authorities confiscated hundreds of thousands in foreign currencies, gold coins, and bars.

The illicit funds were traced to transactions on Silk Road, a dark web marketplace shuttered in 2013 after its founder was arrested.

Despite its closure, law enforcement has continued recovering digital assets tied to the platform. The recent operation marks the latest in a series of seizures, including a record multi-billion-dollar bitcoin confiscation in 2021.

Investigators uncovered the operation after the suspects moved bitcoin from Silk Road through multiple accounts and converted it to cash via the now defunct peer-to-peer platform Localbitcoins.

Suspicious deposits flagged by Gemini, a U.S.-based cryptocurrency exchange, alerted authorities, enabling the seizure through a civil forfeiture action.

The case shows law enforcement’s advancing ability to trace cryptocurrency transactions, even years after crimes occur. The report stressed that blockchain analysis, combined with cooperation from exchanges implementing anti-money laundering protocols, played a critical role. Gemini’s involvement highlights exchanges’ evolving role in combating financial crimes.

Silk Road, once a hub for anonymous drug sales using bitcoin, generated an estimated 9.5 million bitcoin in sales before its shutdown.

While its founder Ross Ulbricht has been fully pardoned, the Forbes report said that authorities remain committed to pursuing residual assets.

This seizure aligns with broader efforts to deter dark web activity by demonstrating that crypto gains are not beyond reach.

The $62.5 million recovery adds to over $4 billion in Silk Road-linked assets seized since 2013. Proceeds from such actions often fund victim compensation or law enforcement initiatives. Experts note the operation reinforces the dual realities of cryptocurrency: its potential for anonymity and its vulnerability to forensic scrutiny.

No criminal charges have been filed against the individuals involved, suggesting the investigation remains active. The U.S. Department of Justice has yet to comment on potential further actions.

@ Newshounds News™
Source:  Bitcoin News

~~~~~~~~~

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