Iraq Dinar-#Iraqi dinar-Advanced Global Results-Money Movement Globally-Central Bank Iraq-95% is Done

Iraq Dinar-#Iraqi dinar-Advanced Global Results-Money Movement Globally-Central Bank Iraq-95% is Done

MilitiaMan and Crew:  9-4-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=Kmn8XPBKuqE

Seeds of Wisdom RV and Economic Updates Wednesday Evening 9-4-24

Good Evening Dinar Recaps,

EUROPEAN UNION ESTABLISHES COMMISSION TO REGULATE CRYPTOCURRENCY AND BLOCKCHAIN TECHNOLOGY

▪️European Union creates a commission to regulate cryptocurrencies and blockchain technology.

▪️New measures aim to reduce risks and protect investors in the crypto market.

▪️ Companies and investors have mixed reactions to the upcoming regulations.

In Europe, new steps are being taken to regulate cryptocurrencies and blockchain technology. The European Union has created a special commission to regulate and oversee this sector. The commission aims to develop policies and strategies covering crypto assets and digital finance.

New Commission’s Duties

The commission’s main duties include regulating, supervising, and monitoring the crypto assets market. Additionally, preventing the use of these assets for money laundering and terrorist financing is among their priorities.

The commission will also work on the taxation and legal frameworks of crypto assets. It is noted that there will be cooperation with companies operating in the sector during this process.

Companies’ Opinions

Many major crypto companies welcome Europe’s move. Companies emphasize that regulations are important for the long-term sustainability and reliability of the sector.

Some companies highlight that they have encountered similar regulations in the US and Asian markets and stress that this process should be carried out more carefully in Europe.

“Europe’s step to regulate crypto assets will reduce uncertainties in the sector and create a stronger ecosystem.” – President of the European Blockchain Association.

Investors’ Reactions

Investors are closely following the changes that the regulations will bring. Many investors believe that the regulations will provide transparency and trust in the sector.

However, some investors are concerned that these steps could lead to excessive regulation and restrictions in the crypto market.

When news about crypto regulations in Europe first emerged, there was great excitement and curiosity in the sector.

Similar regulatory efforts had been made before, but such a comprehensive initiative had not been implemented. Now, the European Union’s new approach to crypto assets could set an example for other global regulators in the sector.

@ Newshounds News™

Source:  Coin-Turk

~~~~~~~~~

 $450,000,000,000 SWISS BANK STARTS XRP, BITCOIN AND ETHER TRADING

▪️Zürcher Kantonalbank partners with Crypto Finance AG to launch crypto brokerage services for retail clients and third-party banks.

▪️ZKB clients can now trade Bitcoin, XRP, and Ethereum seamlessly through their mobile app, e-banking, and digital channels

Recently, Crypto Finance AG, a member of the Deutsche Börse Group, has announced a collaboration with Zürcher Kantonalbank (ZKB) to provide cryptocurrency asset brokerage services.

This agreement is a big step forward for Switzerland’s largest cantonal bank, which will debut its new crypto service on September 4, 2024. This unique tool, aimed primarily at retail consumers and third-party banks, allows a wider audience to engage with digital assets such as Bitcoin, XRP, and Ethereum.

Growing Demand for Crypto Services in Traditional Banking

The introduction of this integrated digital asset solution demonstrates the increased interest and demand for crypto services in traditional banking. It lays a solid platform for participating in the constantly increasing digital asset market.

Blockchain researcher Collin Brown emphasized the significance of this development, stating that ZKB clients may now trade Bitcoin, XRP, and Ethereum through a variety of channels, including their mobile app, e-banking, and other digital platforms.

Peter Hubli, Head of Digital Asset Solutions at ZKB, expressed his delight for the relationship, citing Crypto Finance’s “experienced, regulated, and competent” knowledge in the crypto market.

He stressed how the relationship provides industry knowledge, allowing ZKB to successfully handle the challenges of the cryptocurrency market. This statement demonstrates ZKB’s commitment to providing its clients with dependable and secure access to the digital asset area.

The successful launch of ZKB’s cryptocurrency offering reflects not only the rising integration of digital assets into traditional financial frameworks, but also Switzerland’s growing position as a global leader in digital innovation and financial technology.

As the government continues to create an atmosphere suitable to fintech growth, the collaboration between ZKB and Crypto Finance exemplifies the developing interaction between traditional banking and the crypto world. Stijn Vander Straeten, CEO of Crypto Finance AG, stated:

“We are very proud to support Switzerland’s largest Kantonalbank in the launch of their crypto offering. This is a further important milestone for the broad acceptance of crypto in Switzerland. We are excited about the opportunity to collaborate with ZKB.”

On the other hand, as we previously reported, Deutsche Bank-backed Taurus is expanding its services to the Stellar blockchain, which now offers asset tokenization and safe storage solutions.

Taurus-PROTECT, a digital asset storage solution, and Taurus-CAPITAL, a tokenization service, are now available on Stellar’s public blockchain, expanding the digital asset management options.

Furthermore, Deutsche Bank has offered Bitpanda users real-time payment solutions, allowing for frictionless deposits and withdrawals. According to CNF, Bitpanda customers in Germany may now enjoy increased convenience and security with local IBAN access, which contributes to a better overall user experience.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

INDIA SURPASSES THE US AND BRAZIL IN THE SANDBOX CONTENT CREATION

▪️India leads in content creation for The Sandbox, surpassing the US and Brazil.

▪️The Sandbox's strategic focus doubled its Indian user base to 350,000.

▪️Borget remains optimistic about Web3 adoption despite the market not entering a bull phase.

India has emerged as a leading content creator source for the popular Metaverse platform, The Sandbox, surpassing the US and Brazil. According to The Sandbox co-founder Sebastien Borget, India currently has over 66,000 content creators compared to 59,989 in the US and 25,335 in Brazil.

Focused Specifically on the Indian Market

India‘s rise came after The Sandbox’s strategic focus on the Indian market, announced in December 2023, which doubled the platform’s user base in the country to 350,000. The company now aims to reach one million users in India within the next two years.

Borget attributed the rapid growth to various boot camps and educational programs conducted either directly by The Sandbox or through its joint venture in India, BharatBox, in collaboration with partners like the India-based cryptocurrency exchange CoinDCX

BharatBox was initially launched with $1 million in funding and is expected to receive an additional $200,000 by the fourth quarter of this year.

Despite The Sandbox raising $20 million with a $1 billion valuation in early 2024, Borget stated that further investment in India is unnecessary as the initiative is designed to be self-sustaining and generate its own revenue.

Borget emphasized that India is more than just a global tech workforce, highlighting the success of Blockchain projects not only in development but also in content and entertainment. For example, the sale of 1,060 avatars of characters from the popular Indian movie “Jab We Met” within two weeks of release demonstrates The Sandbox’s successful entry into India’s cinema sector.

Borget: Market Has Not Yet Entered Bull Phase

Commenting on the overall Web3 market, Borget noted increased interest due to the approval of spot-crypto exchange-traded funds (ETFs) in the US but emphasized that the market has not yet entered a bull phase.

 He pointed out that institutional money flow has not led to higher user adoption because retail investors have not heavily invested their savings in crypto. However, Borget remains optimistic about Web3 adoption with the emergence of higher-quality games and platforms like Telegram‘s distribution network.

Borget also commented on the arrest of Telegram CEO Pavel Durov in France over allegations related to illegal transactions and child abuse materials on the platform. He stressed that while privacy is a fundamental right, platforms should not remain neutral and must cooperate with authorities when used for serious crimes.

@ Newshounds News™

Source:  Coin-Turk

~~~~~~~~~

IOTA EVM HITS $5 MILLION TVL: KEY DRIVERS BEHIND ITS DEFI SUCCESS

▪️ IOTA EVM Milestone of $5 million TVL reflects the platform’s growing strength and its increasing role in the decentralized finance ecosystem.

▪️ IOTA’s unique parallel processing architecture and cross-chain compatibility are driving its rapid expansion in the DeFi space.

As per the latest data from DeFiLlama, distributed ledger technology (DLT) platform IOTA has achieved a major milestone, with the total value locked on the IOTA Ethereum Virtual Machine (EVM) surging past $5 million.

This shows that IOTA has been growing strongly, thereby becoming the preferred platform for decentralized finance (DeFi) applications. If it continues with this growth trajectory, it can become a key player in the DeFi ecosystem, reported Crypto News Flash.

IOTA’s innovative and scalable architecture has been one of the major reasons behind its significant growth in the crypto industry. Unlike other conventional blockchain networks processing transactions sequentially, IOTA’s Layer 1 network is designed with parallel structures, allowing for simultaneous transaction processing.

This horizontal scalability structure makes IOTA suitable for decentralized finance (DeFi) applications that require fast and efficient infrastructure in order to handle complex financial operations efficiently.

With the introduction of its Ethereum Virtual Machine (EVM), IOTA is making strides in the DeFi space, offering seamless compatibility with Solidity smart contracts. This feature allows developers to easily migrate existing Ethereum-based smart contracts to the IOTA network, simplifying the development of DeFi applications on the platform.

By reducing barriers to entry, IOTA is rapidly expanding its DeFi ecosystem. Furthermore, IOTA’s cross-chain compatibility enables smooth interactions with both EVM and non-EVM chains, thereby significantly enhancing its potential use cases and integration opportunities across different blockchain networks.

All organically, without any marketing or incentive campaigns (yet). Let’s keep on climbing 🧗🏔

— Dominik Schiener (@DomSchiener) September 3, 2024

IOTA Boosts Its DeFi Appeal With Fairness and Security

The features like native randomness and Miner Extractable Value (MEV) resistance ensure that IOTA remains fair and secure thereby driving a large number of users to its platform.

These mechanisms ensure that the ordering of transactions happens randomly while minimizing the risk of front-running or unfair value extraction. This helps IOTA to maintain high integrity and trust within the DeFi ecosystem.

Thus, by expanding its technological capabilities, IOTA has managed to reach the $5 million TVL milestone. Besides, its commitment to creating a scalable, fair, and secure environment is attracting new projects and increasing liquidity, solidifying its place in the competitive DeFi landscape.

With its scalable architecture, cross-chain compatibility, and dedication to fairness, IOTA is ready to become a key player in the future of decentralized finance.

The recent $5 million TVL milestone underscores the belief in IOTA’s potential as the platform continues to attract investment and innovation, positioning itself as a leader in shaping the future of finance.

Today, the EVM platform also enjoys the launch of the exclusive game IOTA Heroes, with the goal of expanding the ecosystem into new verticals, reported CNF.

@ 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

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 9-4-24

Good Afternoon Dinar Recaps,

US CFTC Issues Order for Uniswap (UNI)

▪️CFTC issued an order for Uniswap, demanding a $175,000 fine.

▪️Uniswap allegedly violated the Commodity Exchange Act.

▪️UNI Coin price fluctuated due to regulatory uncertainties.

SEC, known for its aggressive lawsuits regarding cryptocurrencies, is not the only regulatory body in America. CFTC also takes action by detecting violations in the futures market. Just now, the institution issued an order for Uniswap, demanding a $175,000 fine and cessation of the violation.

Uniswap (UNI) and CFTC

Uniswap, one of the largest DeFi platforms, is currently supported by Uniswap Labs. According to the CFTC, the DeFi platform allows leveraged trading without permission, violating regulations. 

Therefore, it must pay a $175,000 fine and cease violating the Commodity Exchange Act (CEA).

CFTC Enforcement Director Ian McGinley said:

“Today’s action once again shows that the Enforcement Division will vigorously enforce the CEA as digital asset platforms and DeFi ecosystems evolve. DeFi platforms must ensure their services comply with the law.”

The UNI Coin price fell below $6.2 and then returned to $6.45. Uncertainty about compliance and whether US citizens will be restricted from accessing the protocol may increase volatility in the coming hours.

@ Newshounds News™

Source:  Coin-Turk

~~~~~~~~~

BRICS NEWS: BLOCKCHAIN PAYMENT SYSTEM SET FOR OCTOBER ANNOUNCEMENT—POTENTIAL XRP INTEGRATION HIGHLIGHTED

▪️ BRICS Pay platform to launch at the 2024 BRICS Summit aims to reduce reliance on the U.S. dollar in global finance.

▪️The platform could challenge Western financial systems like SWIFT.

The BRICS economic alliance is gearing up for its 2024 Annual Summit, where the much-anticipated BRICS Pay platform, a payment system based on blockchain, is expected to take center stage. The platform was unveiled earlier this year. It is likely to threaten the current financial order and promote the group’s de-dollarization policy.

BRICS Pay is a new payment system using blockchain technology. It is intended to help the BRICS countries minimize their reliance on the US dollar in international trade.

Additionally, the platform will intend to enable efficient interactions among member countries and may provide a solution to the US-dominated SWIFT payment system.

Russia Pushes for Cryptocurrency and Blockchain Solutions

The system’s development also coincides with the increasing tension between Russia and the West, especially regarding sanctions and financial measures.

Consequently, Russia has paid more attention to cryptocurrencies and blockchain technology. The BRICS Pay platform is integral to this approach as it can facilitate the use of local currencies and strengthen the economic relations between the BRICS countries and their partners.

The BRICS Pay is in line with the bloc’s objective of decreasing the use of the US dollar in international trade and finance. The data from the Atlantic Council’s Dollar Dominance Monitor shows that the dollar’s global reserve status declined to 58 % in 2024 from 72% in 2002. This decline underlines the continuing process of de-dollarisation, which BRICS Pay predicts will strengthen.

Yury Ushakov, an assistant to the Russian president, told the state media how important the BRICS Pay project is for the future. The platform will use digital and blockchain technologies to establish a reliable and effective payment system to facilitate the bloc’s economic agenda.

The platform’s potential extends beyond the BRICS countries, as other Global South nations could use it as a reference to reduce their dependence on the US dollar and strengthen their national currencies.

This means that BRICS Pay can also provide much-needed competition to the SWIFT system and also promote the economic cohesion of the developing world.

Platform Extends Influence Beyond BRICS Nations

The planned launch of BRICS Pay at the 2024 Summit has major strategic implications.

 It is a milestone toward the financial emancipation of the BRICS and other emerging economies from the current global order. As a blockchain solution for transactions, BRICS Pay can challenge Western financial organizations and enhance the role of BRICS countries in the world.

Furthermore, the platform’s development correlates with Russia’s current interest in cryptocurrencies and digital currencies. Russia recently revealed plans to create two crypto exchanges, and stablecoins pegged to the Chinese yuan and other BRICS currencies. 

Notably, Turkish President Recep Tayyip Erdogan will be attending the BRICS summit in Kazan, Russia, from October 22 to October 24. Turkey’s interest in BRICS aligns with its broader foreign policy strategy, which aims to balance relations between the East and West.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

SPREADING USD-PEGGED STABLECOINS—TRUMP-BACKED DEFI PROJECT REVEALS ‘TRANSFORMATIVE’ PLANS

Over the past few weeks, there’s been a buzz of intrigue and speculation around World Liberty Financial, a decentralized finance (defi) project led by Eric Trump and Donald Trump Jr. After facing some rumors and critiques, the project’s X account finally released fresh details about its mission, aiming to clear the air.

World Liberty Financial Defends Mission and Security After Facing Scrutiny

World Liberty Financial (WLF), a decentralized finance (defi) project associated with Eric Trump and Donald Trump Jr., recently released new information about its plans.

The project, shrouded in speculation, was called a “digital real estate” venture by Eric Trump during an interview, the son of former President and 2024 Republican candidate Donald Trump.

In its latest announcement, WLF emphasized its partnership with several prominent security firms, including Zokyo, Fuzzland, and Peckshield, to ensure the safety of its platform.

While WLF claims to differentiate itself from other projects by collaborating with the decentralized finance (defi) protocol Aave, rather than forking it, details about the project’s specifics still remain scarce. 

The project’s messaging focuses on advancing the mass adoption of stablecoins pegged to the U.S. dollar.

The team behind WLF asserts that their project is critical to maintaining the U.S. dollar’s global dominance, particularly as rival countries seek alternatives to the currency.

“By spreading U.S.-pegged stablecoins around the world, we ensure that the U.S. dollar’s dominance continues, securing America’s financial leadership and influence on the global stage,” the WLF X account stated.

However, despite these ambitions, skepticism persists. There’s been a number of people who believe the project may fall prey to hackers and some think WLF is just going to launch its own WLF crypto coin. Bitcoin proponent Nic Carter asked on X if there was something that the crypto community could collectively do to “stop the launch of world liberty coin.”

Carter added, “I think it genuinely damages Trump’s electoral prospects, especially if it gets hacked (it’ll be the juiciest defi target ever and it’s forked from a protocol that itself was hacked). However, the WLF project’s organizers wholeheartedly believe that WLF’s impact will soon be clear.

“To those who are skeptical or listening to the noise: our plan will speak for itself,” WLF’s thread concluded. “The brightest minds in crypto are backing us, and what’s coming will make all doubters think twice.”

What do you think about the Trump-associated defi project WLF? Share your thoughts and opinions about this subject in the comments section below.

@ Newshounds News™

Source:  Bitcpin News

~~~~~~~~~

Bob Lock on Building Teams andThe RV  |  Youtube

@ Newshounds News™

Source:  Currency Facts

~~~~~~~~~

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

“Tidbits From TNT” Wednesday 9-4-2024

TNT:

Tishwash:  With the participation of 150 international companies... Basra International Exhibition activities start today

Basra International Fair activities kick off today, Wednesday, with wide Arab and foreign participation and will continue for 15 days on the exhibition grounds.

Osama Majeed, the Public Relations and Media Officer at Dar Al-Faihaa Company, the organizer of the exhibition, told the National Iraqi News Agency / NINA / that the exhibition is attended by 150 companies from 12 Arab and foreign countries and will continue for 15 days starting from today, Wednesday, September 4, until the 18th of the same month.

Majeed added, "Companies from Egypt, Jordan, Lebanon, Palestine, Yemen, Syria, the pavilion of the Islamic Republic of Iran, Pakistan, India and Turkey are participating in the exhibition, in addition to wide participation from the Iraqi national product, which is participating with several products related to food, household and cleaning materials, indicating that the exhibition receives its visitors from three in the afternoon until midnight.  link

Tishwash:  Al-Mandlawi: Stable security situation is sufficient to proceed with serious partnerships for the economic sector

 Acting Speaker of Parliament Mohsen Al-Mandalawi confirmed today, Tuesday, that the stability of the security situation is sufficient to proceed with serious partnerships in the economic sector.

The media office of the acting Speaker of the Council of Representatives stated in a statement received by the Iraqi News Agency (INA), that "Mohsen Al-Mandalawi received at his residence the British Ambassador to Iraq, Stephen Hitchcock, and the meeting discussed the most important developments in the region and the world that are of common interest."

According to the statement, Al-Mandalawi called for "the necessity for the European Union, international powers and global organizations to assume their responsibilities in stopping the genocide against our Palestinian people in Gaza," stressing that "the stability of the region has become almost impossible in light of the presence of this usurping entity."

The statement added that "the acting Speaker of the Council stressed the importance of strengthening bilateral relations in a way that achieves mutual benefit and common interests between the two countries," noting that "the security and political stability witnessed by the country is sufficient to move towards serious partnerships and agreements and effective cooperation in the economic and commercial fields."
He explained that "the legislative authority supports the government's orientations aimed at establishing balanced relations with the Arab, regional and international environment in accordance with the principles of mutual respect and in a manner that preserves the security, stability and sovereignty of Iraq."

For his part, the British Ambassador expressed his country's "desire to strengthen relations of cooperation and friendship with Iraq and support it in the sectors of economic and social development, construction and reconstruction."  link

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

Tishwash:  Has Iraq entered the economic reform phase after Standard & Poor's classification?

Economists considered that Iraq has entered a new phase in the Standard & Poor's classification of investment grade bonds if their credit rating is B- or higher. As for bonds with a rating of B+ and below, they are speculative grades and are classified as meaningless bonds.

Credit rating

In detail, the Ministry of Finance said that Iraq maintained its credit rating issued by Standard & Poor's Credit Rating Agency.

According to a statement by the ministry: “In the latest report issued by Standard & Poor’s Credit Rating Agency “S&P”: Iraq maintains its credit rating at B-/B with a stable outlook,” referring to “financial and economic stability in Iraq.”

He explained that “the new classification reflects the ongoing economic and financial reform policy pursued by the Ministry of Finance, in addition to maintaining the level of foreign currency reserves that exceed the external public debt and fulfilling other external financial obligations as a result of the stability of crude oil prices.”

The statement pointed out that the agency saw "the possibility of improving Iraq's credit rating in the event of an increase in the economic growth rate, diversification of the state's general financial revenues, oil and non-oil, an increase in the per capita income share of the national income, and the continuation of financial and economic policy reform measures."

Debt repayment

Standard & Poor's is a company that assigns credit ratings, which determine a debtor's ability to repay debt by making timely payments of principal and interest and the likelihood of default. The agency may rate the creditworthiness of issuers of debt obligations, debt instruments, and, in some cases, of underlying debt servicers, but not of individual consumers.

Debt instruments rated by credit rating agencies include government bonds, corporate bonds, certificates of deposit, municipal bonds, preferred stocks, and secured securities, such as mortgage-backed securities and collateralized debt obligations.

Issuers of obligations or securities may be corporations, special purpose entities, state or local governments, nonprofit organizations, or sovereign nations. Credit ratings facilitate the trading of securities in a secondary market. They affect the interest rate a security pays, with higher ratings resulting in lower interest rates.

Individual consumers are rated for creditworthiness not by credit rating agencies but by credit bureaus (also called consumer reporting agencies or credit reference agencies), which issue the credit rating.

Consultative meetings

And on Iraq’s openness to the Arab world and Prime Minister Mohammed Shia al-Sudani’s Arab tours and their impact: “The director of the Iraq Energy Center, Furat al-Moussawi, said: “This visit comes as a continuation of the previous tripartite consultative meetings between “Jordan, Iraq and Egypt”, within the framework of strategic economic agreements of interest to the countries involved, which will have positive repercussions for the stability of the countries of the region.

Al-Moussawi told the Iraq Observer Agency that the meeting was held to follow up on the projects that had been previously agreed upon, which include areas of investment cooperation in energy, housing, agriculture and reconstruction.

He pointed out that Iraq seeks to discuss the prospects of joint cooperation between the two brotherly countries, and ways to strengthen relations at various levels and fields, in a way that serves the interests of the Iraqi and Tunisian peoples.

He continued: “Al-Sudani, through the delegation participating with him, which includes the Ministers of Foreign Affairs, Oil, Electricity, Planning, Housing and Reconstruction, invited Tunisian companies to participate in investment projects and opportunities and build infrastructure in Iraq, and the importance of economic integration and the success of the upcoming meetings of the Iraqi-Tunisian Committee in Baghdad.

He pointed out: "Al-Sudani's government seeks to open up to its Arab surroundings to restore Iraq's pivotal and strategic role in the region, and this openness has become a vital strategic interest that enables Iraq and the countries of the region to overcome their economic crises through economic integration with their regional surroundings."

He added: One of the most important goals of Al-Sudani's visit is to try to unify the decision-making unit on the Palestinian issue and on ending the war in Gaza in order to restore security stability in the region, which is now threatened with explosion at any moment as a result of the escalation of geopolitical risks due to the criminal actions of the Israeli entity.

Exchange rate stability

In the capital Baghdad markets The exchange rate of the US dollar stabilized against the Iraqi dinar this morning in the Baghdad markets, while the prices came as follows:
The selling price is 150,250 dinars, while the purchase price was 148,250 dinars for every 100 dollars.

Iraq exports

The US Energy Information Administration also announced a decline in Iraq's oil exports to the United States during the past week.

The administration stated in a table that “the average US imports of crude oil during the past week from 9 major countries amounted to 5.608 million barrels per day, an increase of 156 thousand barrels per day from the previous week, which amounted to 5.452 million barrels per day.”

She added that "Iraq's oil exports to America amounted to 153 thousand barrels per day last week, down by 13 thousand barrels per day from the previous week, which amounted to 166 thousand barrels per day."

The administration indicated that “the largest oil revenues for America during the past week came from Canada at a rate of 3.874 million barrels per day, followed by Mexico at an average of 619 thousand barrels per day, then Saudi Arabia at an average of 311 thousand barrels per day, from Brazil at an average of 302 thousand barrels per day, and from Colombia at an average of 212 thousand barrels per day.”   link

Mot: and Once Again!!! -- I Finded another ""Truther"" on da Net!!! 

Mot: .. Knows How to Keep it Simple!!! 

Iraq Economic News and Points To Ponder Wednesday AM 9-4-24

What Happened Between Al-Maliki And The US Ambassador?

Political | 07:01 - 03/09/2024   Mawazine News – Baghdad  Head of the State of Law Coalition, Nouri al-Maliki, confirmed to the US Ambassador to Iraq, Alina Romanowski, on Tuesday, that Iraq seeks to maintain its security and political stability as the upcoming parliamentary elections approach.

Maliki's media office stated in a statement: "Head of the State of Law Coalition, Nouri al-Maliki, received the US Ambassador to Iraq, Alina Romanowski, in his office."

He added, "During the meeting, views were exchanged on the developments witnessed in the regional and international arenas, especially the efforts to stop the Zionist aggression on the Gaza Strip. A number of issues and files of common interest were also discussed."

According to the statement, Maliki stressed "the importance of strengthening bilateral relations between the two countries, and activating the strategic framework agreement after the announcement of the international coalition's withdrawal from Iraq and the transition to comprehensive relations in various fields between Baghdad and Washington," indicating that

"Iraq seeks to maintain its security and political stability as the upcoming parliamentary elections approach, as the elections, which are expected to be held on time next year, will be important for all current parties."

Al-Maliki pointed out that "the region is witnessing a major crisis due to the continued Zionist aggression against the Palestinian people, which requires the international community to move to find solutions that end the Zionist aggression against the Palestinian people and the crimes committed against them."

The US ambassador renewed her country's support for the stability of Iraq, stressing "the continuation of dialogues between the two countries in order to enhance partnership projects in various important and vital sectors,"  

noting that "the United States continues its efforts with international partners to end the war in Gaza, provide aid to the Palestinian people, and end the crisis that the region has been experiencing since the beginning of last October."   https://www.mawazin.net/Details.aspx?jimare=254404 ‘

Parliamentary Finance Committee Discusses With Heads Of Customs And Tax Authority Enhancing Non-Oil Revenues

Tuesday 03 September 2024 13:36 | Economic Number of readings: 198   Baghdad / NINA / The Parliamentary Finance Committee held a joint meeting today, Tuesday, with the heads of the General Customs and Tax Authority, to discuss enhancing non-oil revenues.

The head of the committee, MP Atwan Al-Atwani, said in a statement to journalists, including the correspondent of the National Iraqi News Agency / NINA /, that "the meeting will study expanding non-oil revenues and discussing the financial situation in light of monetary policy and data on the global oil market."

He added, "The Finance Committee recently met with the Deputy Prime Minister and the Ministers of Finance, Electricity and Oil to discuss the issue of various revenues, including non-oil revenues, and decided that the committee would proceed with holding meetings with the ministries and agencies concerned with those revenues whose obligations were mentioned in the General Budget Law."

He explained, "The Parliamentary Finance Committee decided to meet with the head of the Tax Authority and the head of the Customs Authority to clarify what procedures we will proceed with," indicating that "taxes and customs are important institutions capable of increasing and maximizing non-oil revenues." / End 5    https://ninanews.com/Website/News/Details?key=1151518

Al-Akeely: Increase In Revenues After Implementing Automation In 9 Customs Centers

Money and business   Economy News – Baghdad  The Chairman of the General Authority of Customs, Hassan Hamoud Al-Akeili, confirmed on Monday that he had submitted a briefing to the Finance Committee in the House of Representatives on the measures taken by the Authority for the current and last year.

While he indicated that he had witnessed parliamentary support for amending the Customs Law, he expected the completion of the automation of all ports next year 2025, pointing at the same time to the increase in revenues after the implementation of automation in 9 customs centers.

The Chairman of the Authority, Hassan Hamoud Al-Akeili, said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "an important meeting was held today with the Finance Committee in the House of Representatives, as the members of the committee and its chairman listened to everything that was presented by the General Authority of Customs, during this year and last year, from reform steps and a review of the Authority's procedures and electronic systems that were implemented during this period.

The members also reviewed the level of growth in the Authority's revenues from 2022 to the increase achieved in 2023, and they also reviewed the increases in revenues achieved during the first half of this year."

Al-Akeili added, "The representatives made their observations on some performance items and made evaluative observations on some important points that contribute to enhancing work and revenues.

They also expressed support and backing for the General Authority of Customs in moving forward on the subject of automation and on the subject of updating procedures and expanding the geographical area of ​​automated customs centers.

The representatives also expressed their support for moving forward in completing the procedures for legislating to amend the Customs Law, considering it an important law that has been legislated for more than 40 years.

The law is currently in the State Council and is in the process of being presented to the House of Representatives to take its final form."

He pointed out that "we discussed during the meeting that the increasing increase in customs revenues during this year is due to the implementation of the automation system in nine out of 21 customs ports, expressing his hope that the automation of all ports will be completed by 2025. https://economy-news.net/content.php?id=47143

"Al-Eqtisad News" Publishes The Full Decisions Of The Cabinet Session

Money and business   Economy News – Baghdad   Al-Eqtisad News publishes the full decisions of the 36th Cabinet session, headed by Prime Minister Mohammed Shia Al-Sudani.

The Prime Minister's Media Office said in a statement, seen by "Al-Eqtisad News", that "Al-Sudani chaired the thirty-sixth regular session of the Council of Ministers, in which the latest developments in the country were discussed, and a number of important economic files were discussed, in addition to examining the agenda and taking the necessary decisions regarding them."

The statement added, "In order to ensure that the salaries and financial allocations of the Popular Mobilization Forces members are covered, the Council of Ministers voted to increase the allocations of the Popular Mobilization Forces Authority for the year 2024."

He explained that "within the follow-up of the completion of major hospital projects, the Council of Ministers approved the recommendations of the minutes of the meeting of the Diwani Order Committee (45 of 2018), regarding establishing the necessary means and mechanisms to complete the public hospital projects that were approved by the Ministry of Planning."

He pointed out that "in the context of preparing for the general population census, the Council voted to oblige the General Authority of Customs to enter the materials related to the population census, and in the event that a certificate of origin and an original invoice are not submitted,

insurance in the amount of (1) million dinars shall be submitted from the Ministry of Planning, as an exception to Cabinet Resolution (23672 of 2023), and a pledge to submit the aforementioned certificate and lists within 90 days, as a maximum from the date of the customs declaration."

The statement added: "In the field of supporting strategic crops, the Council of Ministers approved increasing the purchase price of one ton of the barley crop (amber) in Iraq from (950) thousand dinars, to become (1) million dinars per ton, and maintaining the current price of the jasmine barley crop at (800) thousand dinars per ton."

He continued: "In terms of security cooperation with friendly countries, the Council of Ministers approved the authorization of the National Security Advisor to negotiate and sign a draft memorandum of understanding for security cooperation between the National Security Advisory Council in the Republic of Iraq and the Supreme National Security Council in Iran,

based on the provisions of the Treaty Conclusion Law (35 of 2015), with any amendment, annex or agreement resulting from the aforementioned memorandum being presented to the General Secretariat of the Council of Ministers to express an opinion before signing it."

He pointed out that "the Council approved the recommendations of the minutes of the Diwani Order Committee (23995) related to the Chinese Framework Agreement projects, regarding the ratification of the allocation schedules prepared by the Ministry of Planning, based on the provisions of the Iraqi-Chinese Agreement axis contained in the Federal General Budget Law for the fiscal years 2023-2024-2025."

He stated that "as part of the government's efforts to remove obstacles facing stalled and suspended projects, and to complete their implementation, the Council of Ministers approved the following:

1- Increase the reserve amount and the total cost of the project to equip and implement the second phase of the treatment plant on the right side of Mosul city.

2- Increase the cost of the Mosul/Right Coast Sewerage Project (M1-Nineveh).

3- Adjusting the total costs of the project to rehabilitate the halls in Al-Rashad Training Hospital in Baghdad Governorate.

4- Increasing the reserve amount and the total cost of the project to build the Qara Tepe/Omar Mandan Road - Baghdad-Kirkuk Road Junction, with a length of 22 km in its second phase.

The Council approved the Ministry of Finance allocating an amount of (11.839) billion dinars to the operating budget of Diwaniyah Governorate, from the emergency reserve, for the purpose of contracting with cleaning companies to serve the center of Diwaniyah Governorate District, for a period of 3 years, based on the provisions of the Federal General Budget Law (13 of 2023), according to a statement from the media office.

The statement confirmed that "approval was given to exempt the contract to study the merger between the National Insurance Company and the Iraqi Insurance Company into one company, from the first paragraph of Cabinet Resolution 23545 of 2023, to proceed with the procedures for contracting with a company specialized in auditing and monitoring joint accounts."

https://economy-news.net/content.php?id=47139

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Wednesday Morning 9-4-24

Good Morning Dinar Recaps,

RIPPLE AND DIFC PARTNER TO BOOST BLOCKCHAIN INNOVATION IN DUBAI

▪️Ripple partners with DIFC Innovation Hub to accelerate blockchain adoption in the UAE and foster innovation.

▪️Ripple’s 1B XRP fund supports global developers, driving blockchain solutions across 47 countries on the XRPL.

Ripple has announced a strategic relationship with the DIFC Innovation Hub, a thriving innovation environment within the Dubai International Financial Centre (DIFC), to accelerate the development and acceptance of blockchain and digital assets in the UAE.

Ripple Fuels Global Blockchain Innovation Through Strategic Alliances and 1B XRP Fund
This alliance aims to connect the next generation of developers with the region’s largest innovation ecosystem, which includes over 1,000 growth-stage IT startups, innovation corporations, digital laboratories, venture capital firms, regulators, and educational institutions. Brad Garlinghouse, Ripple Chief Executive Officer, stated:

“Our partnership with the DIFC Innovation Hub promises to drive the adoption of blockchain technology in the region as the XRPL continues to be a leading blockchain for the region’s start-ups and scaleups building real use cases.”

The agreement demonstrates Ripple’s commitment to pushing blockchain adoption among early-stage firms and scale-ups, as well as situating this disruptive technology within traditional large strategic institutions and their specialized use cases.

The pledge of one billion XRP by Ripple to promote global use cases on the decentralized layer 1 blockchain known as the XRP Ledger (XRPL) further demonstrates its dedication to promoting blockchain innovation.

Ripple’s huge funding offer intends to provide not just monetary support but also technical and business assistance to developers globally. Since the beginning of the 1B XRP Fund in late 2021, Ripple has successfully supported over 160 teams in 47 countries, allowing for the development of a wide range of XRPL applications.

These applications cover a wide range of sectors, including decentralized finance (DeFi), Real World Assets (RWA), and other ground-breaking technologies, demonstrating Ripple’s worldwide effect. Arif Amiri, DIFC Chief Executive Officer, added:

“Today marks another milestone in DIFC’s ongoing journey to help facilitate growth and equip the next generation of leaders with everything they need to succeed.

The Ripple collaboration further cements DIFC’s role as a leading global hub for talent, technology and innovation, as we continue to enhance our ecosystem powered by a world-class regulatory jurisdiction, to drive the future of finance.”

Strategic Integration Boosts Blockchain Innovation and Economic Value in the MEA Region
Ripple’s regional office is located in the DIFC, demonstrating the strategic relevance of the UAE and the larger Middle East and Africa (MEA) area to the company’s activities. The DIFC approved the usage of XRP within the Center in November 2023, marking a key milestone.

This permission enables licensed virtual asset firms operating in the DIFC to incorporate XRP into their virtual asset services, further integrating Ripple’s technology into the region’s financial system.

This move not only advances blockchain innovation in Dubai, but it also generates new economic value by incorporating XRP into the larger virtual asset ecosystem.

In addition to Ripple’s cooperation in Dubai, the Middle Eastern regulatory landscape is evolving, with Qatar recently creating a framework to oversee the operation of digital asset services and foster innovation in the financial sector.

According to CNF, analysts believe that this legislative clarification will considerably accelerate the growth of cryptocurrencies, notably Ripple, given its long-standing ties with Qatar National Bank.

Such regulatory developments in Qatar, together with Ripple’s growing impact in the UAE, place Ripple strategically in the rapidly growing Middle Eastern digital asset industry.

Furthermore, as we previously reported, Japan’s Metaplanet has formed a cooperation with cryptocurrency investment provider SBI for Bitcoin trading and custody.

This collaboration focuses on regulatory compliance and tax efficiency. Given that SBI is one of Ripple’s core partners, there is suspicion that XRP will soon be included in this cooperation, potentially boosting Ripple’s influence in Japan as well.

@ Newshounds News™

Source: Crypto News Flash

~~~~~~~~~

RIPPLE INTRODUCES SMART CONTRACTS AND INNOVATIVE NFT FEATURES TO THE XRP LEDGER

▪️Ripple’s new developments aim to expand the XRP ledger’s capabilities, enabling new features such as NFTs, DEXs, and AMMs.

▪️Ripple is broadening its reach by partnering with AI and metaverse firm Futureverse to integrate Ripple Custody for secure DeFi access via the Ottó blockchain.

Blockchain startup Ripple has made some major announcements at the Korea Blockchain Week 2024 with the goal of boosting the foundations of crypto infrastructure thereby driving more institutional adoption of blockchain.

Ripple is now working to advance the XRP Ledger’s programmability by introducing smart contracts to the mainnet and within the ecosystem. This will also help developers leverage the XRP Ledger’s expanded capabilities, thereby accelerating innovation on the platform, per the CNF report.

As a result, Ripple is undertaking a two-pronged approach to boost programmability. First, smart contracts will be introduced to the XRP Ledger mainnet, along with the XRPL EVM Sidechain, in the coming months. These two developments will complement each other in building a robust and versatile ecosystem that will cater to a wide range of applications.

Furthermore, the introduction of the smart contracts will also enable new layer-1 features such as NFTs, Escrow, payment channels, authorized trustlines, as well as DEXs and AMMs.

The introduction of these new features, along with the high speed and low cost of XRP Ledger, makes it well-suited to drive everything from traditional finance to innovative new applications. However, the Ripple community is also demanding moving away from centralized control of XRP Ledger and taking the path of decentralization, reported Crypto News Flash.

The XRPL Labs’ Hooks, which define the current smart contract standards provide a crucial foundation that can be built upon to improve Mainnet features. This framework will further allow developers to harness Ledger’s core strengths while tailoring smart contracts to address specific requirements.

Ripple Partners With AI and Metaverse Tech Firms

Apart from the financial markets, Ripple is also expanding its wings into other emerging industries, such as artificial intelligence (AI) and the Metaverse. As a result, it has partnered with Futureverse, an AI and metaverse technology firm, to integrate Ripple Custody and thus secure its digital assets.

Futureverse will facilitate secure, KYC-verified access to DeFi through its proprietary Ottó blockchain. To ensure safe receipt and storage of cryptocurrencies before minting on Ottó, Futureverse will utilize Ripple Custody.

It is clear that Ripple seeks to grab a piece of the crypto custody market, which is expected to grow to $10 trillion by 2030. The blockchain startup will do this by providing a state-of-the-art governance framework while safeguarding a large number of digital assets, including stablecoins and tokenized assets such as bonds, stocks, commodities, and real estate.

 Interestingly, Ripple has also been working on a multi-purpose token for XRPL, per the CNF report.

In another announcement, Ripple’s University Blockchain Research Initiative (UBRI) welcomed Korea’s Yonsei University as its 58th global partner. With over $60 million committed to the UBRI program, Ripple continues to advance academic excellence and cutting-edge research through strategic support, technical resources, and grants.

@ Newshounds News™

Source: and Read more: 

Crypto News Flash

CoinGape

Cointrust

~~~~~~~~~

Why You Need to Know What a Recession Really Is - The Economic Ninja |  Youtube

@ Newshounds News™

~~~~~~~~~

XRP WHALES SELLING HEAVILY AS RIPPLE TO PAY US SEC THIS WEEK

▪️XRP whales dump heavily ahead of Ripple's $125M settlement with the SEC.

▪️Ripple to pay the settlement this week.

▪️XRP price dips with increased selling pressure on the asset.

XRP whales have ignited severe investor concerns, heavily dumping their holdings ahead of a $125M settlement between Ripple and the U.S. SEC. On-chain data pointed out nearly 1 billion XRP moved over the past day, raising speculations on the cryptocurrency’s future price movements.

 Moreover, recent massive escrow movements by the American blockchain payments firm have further propelled speculations on XRP price action ahead.

@ Newshounds News™

Source: CoinGape

~~~~~~~~~

Ripple USD Stablecoin Could be Issued in 'Weeks, Not Months': Garlinghouse

The RLUSD will be fully backed by U.S. dollar assets, tested with enterprise partners, and will operate on the XRP Ledger and Ethereum blockchain.

Ripple is close to launching its U.S.-dollar pegged stablecoin, Ripple USD (RLUSD), with CEO Brad Garlinghouse indicating a launch timeline of “weeks.”

RLUSD will be fully backed by U.S. dollar assets, tested with enterprise partners, and will operate on the XRP Ledger and  Ethereum blockchain.

SEOUL- Ripple Labs chief executive Brad Garlinghouse, at the ongoing Korea Blockchain Week on Wednesday, said that the company’s U.S.-dollar pegged stablecoin is close to issuance
.
“We will certainly launch soon. Weeks, not months,” Garlinghouse said at the event. “It’s called Ripple USD. RLUSD has been minted in that framework.”

He stated that plans for the token were made after USD Coin (USDC), the second-largest stablecoin by market capitalization of $34 billion, lost its dollar peg in March, 2023.

“We felt like there was an opportunity for a credible player already working with lots of financial institutions to lean into that market,” he said.

Ripple first revealed its stablecoin plans in April, stating that the token would be "100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents.”

It began testing the token in early August with enterprise partners. The stablecoin is scheduled to be deployed onto Ripple's institution-focused XRP Ledger and the Ethereum blockchain to start and will be based on Ethereum's ERC-20 token standard.

Plans for the stablecoin come amid further boosts to the XRP Ledger network in the form of Ethereum-compatible smart contracts, which will let users build out on-chain exchanges and issue tokens, among other financial services, as they do on Ethereum.

@ Newshounds News™

Source: CoinDesk

~~~~~~~~~

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

IQD Update-Iraq Dinar- #iraqi dinar -#xrp -Global Partnerships-Security-Stability-Economic-Commercial

IQD Update-Iraq Dinar- #iraqi dinar -#xrp -Global Partnerships-Security-Stability-Economic-Commercial

MilitiaMan and Crew:  9-3-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=RFA-ZFOc0Y0

Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 9-3-24

Good Afternoon Dinar Recaps,

QATAR LAUNCHES 2024 DIGITAL ASSETS FRAMEWORK TO LEAD GLOBAL FINANCE

▪️Qatar's QFC Digital Assets Framework 2024 provides a legal foundation for digital asset activities.

▪️The framework was developed through extensive consultation with various stakeholders and includes initiatives like the QFC Digital Assets Lab.

▪️Qatar's initiative is expected to position the country as a leader in digital finance, attracting more companies and driving economic growth.

Qatar is making a major move in the world of finance with the launch of the QFC Digital Assets Framework 2024. Created by the Qatar Financial Center Authority and the Qatar Financial Center Regulatory Authority, this new framework aims to transform how digital assets are managed in the country.

Let’s look at how this could make Qatar a leader in digital finance.

All About the QFC Digital Assets Framework

The QFC Digital Assets Framework acts as a detailed guide for digital assets in Qatar. It sets legal standards for activities such as tokenization, owning digital tokens, and exchanging them. It also acknowledges the role of smart contracts, showing a modern approach to digital asset management.

Why is this framework important? 

The main goal is to ensure a safe environment for digital transactions, meeting global standards. Sheikh Bandar bin Mohammed bin Saoud Al Thani, Governor of Qatar Central Bank, sees this framework as a key part of Qatar’s plan to modernize its financial sector. It’s not just about setting rules; it’s about opening new opportunities and driving Qatar’s digital transformation.

It Takes a Team for Success!

Creating the QFC Digital Assets Framework took a lot of time and resources. It took a lot of discussions and input from an advisory group that included 37 organizations from different fields-finance, technology and law. The idea was to make sure the framework isn’t just a set of rules but something that works for everyone involved.

One of the standout features is the QFC Digital Assets Lab, which started in October 2023. More than 20 startups and fintech companies are already using it to test and launch their digital asset products and services.

This lab is not just about regulation; it’s about encouraging innovation and making Qatar a central player in digital finance.

Qatar’s Ambitious Vision

With the launch of the QFC Digital Assets Framework 2024, Qatar is clearly aiming to lead in digital finance. This framework provides the clarity and security that businesses, both local and international, need. It’s expected to attract more companies to Qatar, boosting its financial sector and making it more competitive globally.

Yousuf Mohamed Al-Jaida, CEO of QFC, is enthusiastic about the new framework, noting that it aligns Qatar’s regulations with the best global practices. It’s also a key part of Qatar’s strategy for long-term growth and security in the digital space.

Shaping the Future of Finance – Together!

In short, the QFC Digital Assets Framework 2024 is a major development. It’s not just about setting rules; it’s about shaping the future of finance in Qatar. By building a strong regulatory base, Qatar is ensuring that digital asset transactions are secure, transparent, and ready for the future.

This framework is a big step forward for Qatar’s financial sector and its role in global digital finance.

@ Newshounds News™

Source: Cooinpedia

~~~~~~~~~

RIPPLE PARTNERS WITH FUTUREVERSE TO ENHANCE SECURE DIGITAL ASSET CUSTODY

Futureverse to Leverage Ripple Custody for AI and Metaverse Initiatives

In a significant advancement within the digital asset infrastructure and metaverse technology sectors, Ripple, a leader in digital asset solutions, has announced a strategic partnership with Futureverse, a prominent company in AI and metaverse technology. 

The collaboration aims to integrate Ripple Custody into Futureverse’s ecosystem, ensuring secure storage and management of digital assets, particularly as the demand for compliant and institutional-grade custody solutions continues to grow.

Futureverse has unveiled plans to use Ripple Custody to facilitate the secure custody of digital assets before they are minted on its self-developed Ottó blockchain.

The partnership will enable Futureverse to offer a secure and compliant environment for Know Your Customer (KYC) verified access to decentralized finance (DeFi) via the Ottó blockchain.

This development is timely, given the rapid expansion of the crypto custody market, which is projected to approach $10 trillion by 2030.

The integration of Ripple Custody is expected to address the critical need for robust, secure, and compliant digital asset storage solutions that can accommodate a wide range of digital assets, including stablecoins and tokenized real-world assets such as stocks, bonds, commodities, and real estate.

Ripple Custody has been designed with a state-of-the-art governance framework to protect a diverse array of digital assets, thereby allowing institutions, enterprises, and crypto businesses to securely manage their digital assets while confidently navigating the evolving Web3 landscape.

This partnership underscores the growing importance of secure custody solutions as digital assets gain increased adoption across various sectors.

Jeffrey McDonald, the Founder of Ottó Blockchain and Chief Customer Officer of Futureverse, emphasized that the integration of Ripple Custody into Futureverse’s operations was driven by Ripple’s industry-leading security features, which are designed to enhance the safety of customers’ digital assets.

 He also highlighted the long-standing relationship between the two companies, noting that Ripple’s advanced product features made it the ideal choice as Futureverse continues to innovate within the AI and metaverse technology spaces.

Ripple’s suite of enterprise-grade solutions is tailored to meet the evolving demands of businesses operating in the digital economy.

Beyond custody services, Ripple offers a comprehensive range of solutions, including the secure storage of cryptocurrencies and digital assets, the off-ramping of stablecoins, and the facilitation of payouts in local fiat currencies across over 80 markets worldwide.

These offerings are designed to help businesses scale their operations without compromising on security, compliance, or operational efficiency.

Fiona Murray, Managing Director of APAC at Ripple, emphasized the importance of security and compliance as foundational elements for the success of any digital asset platform.

She further expressed that Ripple’s ongoing collaboration with Futureverse is a testament to the company’s commitment to supporting Web3 projects and communities with secure and scalable custody solutions.

Both Ripple and Futureverse have been active participants in the XRP Ledger (XRPL) community, with Futureverse having adopted the XRPL NFT standard, which benefits from the network’s low transaction fees and high throughput capabilities.

 Moreover, Futureverse utilizes XRP as the network’s gas token and has integrated with the XRPL decentralized exchange (DEX) to provide network liquidity. The partnership between Ripple and Futureverse was further solidified in 2023 when Ripple took part in Futureverse’s $54 million Series A funding round, led by 10T Holdings.

This collaboration between Ripple and Futureverse highlights the ongoing evolution of digital asset management and the critical role that secure, compliant custody solutions play in the broader adoption of digital assets and blockchain technology.

As the market continues to evolve, partnerships like this are likely to become increasingly important in ensuring the safe and efficient operation of digital asset platforms.

@ Newshounds News™

Source: CoinTrust

~~~~~~~~~

UNLOCKING THE SECRETS OF HISTORICAL BOND |  Youtube

@ Newshounds News™

Source: Currency Facts

~~~~~~~~~

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

Seeds of Wisdom RV and Economic Updates Tuesday Morning 9-3-24

Good Morning Dinar Recaps,

METAPLANET TEAMS UP WITH RIPPLE ALLY SBI TO BOLSTER ITS BITCOIN-BUYING STRATEGY; XRP PLANS NEXT?

Metaplanet, a major Japanese-headquartered prolific Bitcoin (BTC) investor now recognized as a MicroStrategy imitator,” is collaborating with Ripple’s banking partner, the financial conglomerate SBI.

The strategic partnership is aimed at supporting Metaplanet’s ongoing efforts to expand its Bitcoin corporate treasury.

SBI To Provide Metaplanet With Custody And Trading Support
Metaplanet — known as “Japan’s MicroStrategy” on Crypto Twitter — has joined forces with SBI VC Trade, a division of Tokyo-based SBI Holdings.

The collaboration gives Metaplanet access to SBI’s compliant custodial services, designed to prioritize tax efficiency and provide the potential to use Bitcoin as collateral for financing.

This is part of Metaplanet’s broader strategy to engage with industry players in Japan and broaden its financial options.

“This collaboration is part of our ongoing effort to engage with leading industry stakeholders in Japan who support our corporate Bitcoin accumulation strategy,” Metaplanet’s official announcement states.

Tokyo stock exchange listed Metaplanet revealed that as its Bitcoin haul grows, it will continue to explore financial tools that provide greater “financial flexibility.”

Following in the footsteps of Michael Saylor’s MicroStrategy, the largest corporate holder of Bitcoin in the world, Metaplanet’s new main corporate objective is to accumulate as much of the benchmark cryptocurrency as possible. 

The publicly traded firm announced it had adopted BTC as its “core treasury reserve asset” to hedge against Japan’s debt burden and yen volatility. Metaplanet held roughly 360.4 BTC (worth around $20 million) as of August 20.

In its official announcement, SBI VC Trade said it would assist Metaplanet in addressing its Bitcoin accumulation strategy by offering trading and operation support.

“Focused on Bitcoin’s rarity and non-political monetary policy, Metaplanet appointed Bitcoin as a major financial asset and advanced Bitcoin’s accumulation through both debt and equity financing,” SBI VC Trade continued.

XRP Plans In The Pipeline?

Like MicroStrategy, Metaplanet’s focus has so far been on the apex cryptocurrency, Bitcoin. Nevertheless, SBI and Metaplanet’s joint venture has sparked hopes for XRP enthusiasts that their favorite crypto could soon secure a place on the company’s balance sheet.

As you may already know, SBI is one of the XRP community’s most prominent supporters. SBI Group became the first Japan-based corporation to leverage XRP Ledger (XRPL) blockchain supply chain solutions after Ripple forged a partnership with Tokyo-based consulting firm HashKey DX in April to push enterprise blockchain solution use cases in the East Asian country.

Furthermore, SBI’s recent partnership with notable crypto exchange-traded fund (ETF) provider Franklin Templeton also introduced the possibility of a spot XRP product in Japan.

@ Newshounds News™

Source:  ZyCrypto

~~~~~~~~~

SWISS CENTRAL BANK HOLDS 500 BITCOIN; BANK OF NORWAY HOLDS 1,400 BTC

▪️The Swiss and Norwegian central banks gain indirect Bitcoin exposure through significant holdings in MicroStrategy, aligning with a broader trend of institutional Bitcoin adoption.

▪️Norges Bank’s direct and indirect Bitcoin holdings position it as one of the most prominent institutional BTC holders globally, reflecting a growing acceptance of cryptocurrency among traditional financial institutions.

Norges Bank, managing Norway’s Government Pension Fund, holds 1.123 million shares of MicroStrategy (MSTR), while the Swiss National Bank increased its holdings by 60% to 466,000 MSTR shares, equivalent to a hidden stash of about 500 BTC.

This revelation aligns with earlier developments we discussed where Norway and Switzerland’s central banks significantly increased their stakes in MicroStrategy, gaining indirect Bitcoin exposure.

Furthermore, as revealed by Collin Brown’s tweet today, Norway’s Central Bank is also reported to be holding approximately 1,400 BTC through its MSTR investment.

It is worth noting that, MicroStrategy, known as the largest corporate Bitcoin holder with 226,500 BTC, also has shares owned by South Korea’s public pension fund and Mitsui Sumitomo, a leading Japanese insurer.

Despite a recent 3.5% decline in MSTR shares, trading at $131.21, co-founder Michael Saylor highlighted that the company has outperformed nearly all S&P 500 stocks since adopting its Bitcoin strategy.

As of today, CoinMarketCap data shows that Bitcoin is trading at $59,220.35, having surged by 3.27% in the past day with a decrease of 6.26% in the past week.

@ Newshounds News™

Source: Crypto News Flash

~~~~~~~~~

CRYPTO NEWS : ARE S-1 FORMS FAILING CRYPTO? SEC COMMISSIONER SOUNDS THE ALARM!

SEC Commissioner Mark T. Uyeda recently emphasized the need for tailored S-1 registration forms specifically designed for digital asset securities. 

Speaking at Korea Blockchain Week 2024 in Seoul, Uyeda argued that the U.S. SEC should adopt a more flexible approach to regulating digital assets, similar to how it handles other specialized financial products.

Cracking the Code: The S-1 Form and Its Shortcomings

The S-1 form is a crucial document for issuers in the U.S., requiring comprehensive disclosures such as income statements and cash flow statements before introducing a new securities product. 

Uyeda highlighted the inadequacy of the standard S-1 form for digital assets, drawing parallels with registered index-linked annuities, where the SEC already collaborates with product sponsors to develop customized registration requirements.

Crypto’s Regulatory “Catch-22”

Uyeda questioned why the same tailored approach isn’t applied to digital asset securities, arguing that the SEC has the flexibility to create such changes. 

He expressed frustration over the agency’s failure to provide more supportive frameworks for digital asset sponsors, which often leaves them in a regulatory “catch-22.”

This situation arises when the SEC requires disclosures that may not be relevant to digital assets, or when sponsors are unable to comply due to the unique nature of their products.

And it Goes On…

Despite these challenges, Uyeda clarified that the decision to classify a product as a security under federal regulations remains with the issuer.

However, there is ongoing uncertainty about whether cryptocurrencies fall under the SEC’s jurisdiction as securities.

This uncertainty is at the heart of Ripple’s ongoing legal battles with the SEC. Ripple’s Chief Legal Officer, Stuart Alderoty, recently criticized the term “crypto asset security,” calling it a “fabricated term with no legal basis.”

Crypto Reaction

Ripple, along with other companies like Coinbase, has argued that the SEC has not provided clear regulatory guidelines for digital assets. Uyeda’s comments reflect his dissent from the SEC’s decision to deny Coinbase’s rulemaking petition, which sought clarification on what constitutes security in the digital asset space.

Uyeda hopes that either current SEC Chairman Gary Gensler or his successors will recognize the growing regulatory uncertainty around digital assets and take steps toward developing clear legislation or rulemaking.

However, digital assets have not been a priority on the SEC’s regulatory agenda under Gensler, who has the final say on which items are included.

Uyeda’s Stand on Regulations
Looking ahead, Uyeda suggested that the SEC should consider the regulatory approaches of other jurisdictions, including the EU, South Korea, and Japan when shaping future rules for digital assets.

While his term as one of the SEC’s five commissioners extends until June 2028, Uyeda made it clear that his views are personal and do not necessarily represent the stance of the entire agency.

A Countdown to Change Begins, Will the SEC Step Up or Fall Behind? We Wait and Watch!

@ Newshounds News™

Source: Coinpedia

~~~~~~~~~

BRICSX REVOLUTIONIZING GLOBAL FINANCE  |  Youtube

@ Newshounds News™

Source: Currency Facts

~~~~~~~~~

CURRENCY REVALUATION EXPLAINED VND, IQD  |  Youtube

 @ Newshounds News™

Source: Currency Facts

~~~~~~~~~

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

Iraq Economic News and Points To Ponder Tuesday Afternoon 9-3-24

The Sudanese Advisor Details The Reasons For The Fluctuation Of Gold Prices In Iraq
 
Time: 09/02/2024 Read: 2,665 times  {Economic: Al-Furat News} The financial and economic advisor to the Prime Minister, Mazhar Saleh, said today, Monday, that the  reasons for the fluctuation of the price of gold in Iraq are not internal, but rather global, indicating that
 
the Iraqi government encourages the import of gold because it is a “safe haven” for wealth. 
 
Saleh told {Al-Furat News} agency, “At the state or individual level, gold is historically considered a safe Haven for preserving the purchasing power of wealth, as people keep gold for that purpose and the  
cycle of gold assets between rise and fall is usually slow, and if we take the cycle of assets we find almost gold, As an average, it has a fixed value among other wealth,” he explained, explaining that
“society has historically been accustomed to keeping gold as a tendency to preserve personal wealth.” 

He added, "The state in the modern era reserves part of its external reserves that support the national currency in gold.
 
For example, Iraq reserves about 148 tons of gold, which constitutes 10% of its foreign currency reserves."
 
During last February, Iraq's gold reserves witnessed a noticeable increase, as International Monetary Fund data showed that Iraq had increased its possession of the precious metal by 3,079 tons, bringing the total to 145,661 tons.  He continued,
 
"Reserves are a diversified investment portfolio in gold and currencies such as the dollar, euro, pound, yuan, yen, and others," describing
 
this diversity as "based on basic global evidence, and it is not arbitrary." He pointed out,
 
"This evidence was done in agreement with the International Monetary Fund, in terms of the monetary gold ratios that support and are considered a cover for the Iraqi dinar."  He stressed that
 
the global standard for this is 10%, adding that gold “is not easy for quick payments and other transactions, and it is heavy, but
 
it is part of protecting reserves and confronting fluctuations in currency values.”  He stated,
 
 “The cycle of gold assets is slow, so keeping it protects reserves from currency fluctuations, and
 
Iraq is not a maker of the price of gold in global markets, but rather a recipient, because we are not a country that possesses golden wealth, but rather
 
we import gold, so the entry of gold into Iraq is good wealth.”
 
Better than introducing consumable goods that have no value and deplete resources.

Gold is a “precious wealth for the future,” noting that
 
“the gold discovered in the world is approximately 75%, and
 
it is limited and not widespread,
 
so central banks pay to keep a minimum amount of gold.”  He stressed,
 
 “The policy of encouraging the entry of gold into Iraq is to import wealth, and
 
as assets represent good stores of wealth, so the state encourages that and the customs taxes on it are moderate,” indicating that
 
“the gold markets in Iraq depend on two things:
 
     its price in the world and the
     extent to which the dollar rises or falls, and
 
we receive Foreign visas worth the value of gold and the dollar,” he said, adding that
 
encouraging the flow of gold to Iraq “is a good thing.
 
Recently, the price of gold has risen in Iraq, as the price of weights (5 grams) exceeded 500 thousand Iraqi dinars.” 
 
https://alforatnews.iq/news/مستشار-السوداني-يفصل-اسباب-تقلب-اسعار-الذهب-في-العراق   

The Ministerial Council For Economy Holds A Meeting Headed By Fouad Hussein And Issues A Number Of Decisions

Monday 02 September 2024  Economic Number of readings: 123  Baghdad / NINA / The Ministerial Council for the Economy issued a number of decisions regarding residential complexes and groundwater projects in a meeting held today.

A statement by the Ministry of Foreign Affairs stated that Deputy Prime Minister and Minister of Foreign Affairs, Chairman of the Ministerial Council for the Economy, Fuad Hussein, chaired the twenty-seventh session of the Ministerial Council for the Economy, which was held in the Ministry of Planning building, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Agriculture and Trade, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the Chairman of the Securities Commission, the Undersecretary of the Ministry of Oil, and the Prime Minister's Advisors for Economic and Legal Affairs.

He discussed the items on its agenda and took the necessary decisions regarding them. "

The Council hosted, according to the statement, the Director General of the Housing Department at the Ministry of Housing and Construction to discuss the issue of stalled residential complexes projects and discuss the best ways to complete those projects.

The Council decided that the Ministry would announce the sale of those residential complexes and calculate the values ​​of the amounts spent as a starting point for competition between investors when submitting their offers."

The Council also hosted the Director General of Planning and Follow-up and the Director General of the General Authority for Groundwater at the Ministry of Water Resources to discuss the issue of the random use of groundwater and organize it.

The Council decided to submit a clear and detailed study on the groundwater map, and to prepare controls and mechanisms for granting approvals for drilling wells in coordination with the Ministries of Agriculture and Industry and Minerals, in addition to including artesian well drilling equipment in the import license after the approval of the sectoral authority.

The Council decided that the Ministry of Water Resources would prepare a detailed study for the projects (Irrigation of Amara and Reclamation of the Middle Tigris).

The Council also hosted the head of the Central Organization for Standardization and Quality Control and the head of the Federation of Iraqi Chambers of Commerce to discuss the implementation of the Council’s decision regarding granting the Iraqi quality mark and the tracking tape for goods (barcode), which has entered into force.

The Council recommended, according to the statement, that the Council of Ministers approve the allocation of an amount of (3) million dollars to secure and update the systems of the Iraqi Depository Center at the Securities Commission.

The Council also decided, based on the request submitted by the Federation of Iraqi Industries, to recommend to the Council of Ministers that the customs duty on ground plastic granules and plastic granules be (0.5%).

The Council approved, according to the statement, the request of the Spanish company Imathia, which is implementing the Basra-Shalamcheh railway line, to provide a performance guarantee of 5% of the contract value within 21 days from the date of signing the contract, based on the instructions for implementing government contracts, and to emphasize to the Ministry of Transport that this line be used exclusively for transporting passengers.

The Council also approved the completion of the project to establish a building for female students’ dormitories at the University of Baghdad, and approved the increase in the total cost of the projects to equip specialized mechanisms for the municipalities of Ramadi and Fallujah, and to establish a water project for government departments in the 7-kilometre area in the city of Ramadi. / End 2 https://ninanews.com/Website/News/Details?key=1151401

Work ban
 
September 02, 2024   It was decided not to allow those whose information is listed in the attached table to work in all licensed ( licensed banks, exchange companies category (A, B), brokerage companies for buying and selling foreign currencies, small and medium enterprise financing companies, financial investment companies, and electronic payment companies ), due to their violation of the controls regulating the work of exchange and brokerage companies. Buying and selling foreign currency No. (1) amended for the year 2022..For more, click here   https://cbi.iq/static/uploads/up/file-172527808018855.pdf
 
https://cbi.iq/news/view/2662

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Tidbits From TNT” Tuesday Morning 9-3-2024

TNT:

Tishwash:  Iraq moves towards signing comprehensive economic agreement with UAE

Prime Minister Mohammed Shia al-Sudani stressed, on Tuesday, the importance of continuing bilateral efforts towards signing a comprehensive economic agreement between Iraq and the UAE.

His media office stated in a statement received by "Al-Eqtisad News" that "Al-Sudani received today the new UAE Ambassador to Iraq, Abdullah Matar Al-Mazrouei."

The statement added, "The meeting witnessed discussion of bilateral relations between the two countries, which are progressing at various levels, and ways to enhance distinguished cooperation in many fields, in a way that achieves common and mutual interests between the two brotherly countries."

Al-Sudani referred to "the efforts made by the UAE to enhance its cooperation with Iraq, especially in the strategic development road project, which constitutes a link between Iraq's neighbors and the countries of the region, in addition to its long-term economic importance."

He stressed "the importance of continuing bilateral efforts towards signing a comprehensive economic agreement between the two countries   link

Tishwash:  Switzerland reopens embassy in Iraq after 33 years

 The Swiss Foreign Ministry announced today, Tuesday (September 3, 2024), the reopening of its embassy in the Iraqi capital, Baghdad, after 33 years of closure in 1991 due to the Gulf War.

"By reopening the embassy, ​​the Federal Council aims to strengthen bilateral relations with the densely populated country and consolidate cooperation in the fields of economy, security and migration," the ministry said in a statement.

Foreign Minister Fuad Hussein announced last May that Switzerland would reopen its embassy in Baghdad in the coming months.

In an interview with Swiss Info, during his visit to Switzerland, Hussein pointed out that Switzerland made its first official visit to Iraq in more than 40 years in 2021, during which discussions took place regarding the possibility of reopening the Swiss embassy in Iraq.link

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

Tishwash:  Buried Riches”: Gas Discovery in Iraq a Ray of Hope for Economic Development

 Iraq has recently achieved remarkable progress in the energy sector, especially in the field of natural gas discovery. These discoveries represent an important strategic step towards achieving energy security and strengthening the economy in general, and they also open new horizons for investment and development in this vital sector.

In recent years, oil companies and the Iraqi government have announced new discoveries of gas patches in several areas. Among these discoveries, the Anbar region stands out as a major location where important gas deposits have been discovered.

According to industrial sources, the new discoveries include large quantities of dry gas, a type of natural gas that contains low levels of sulfur and is used in many industrial applications. This type of gas is used in power generation, as an industrial fuel, and in the production of chemicals, making it an important resource for the industrial and energy sectors.

The Iraqi government is working to enhance investment in these discoveries through partnerships with international energy companies. Agreements have been signed with multinational companies to develop the infrastructure necessary to extract and purify gas. It has also been agreed to implement projects to extend gas pipelines and modernize refining stations.

Building infrastructure is an important step, as extracting natural gas and delivering it to markets requires complex facilities including pipelines, refining facilities, and pumping stations.

These projects require huge investments and careful coordination between the various parties concerned, and the government is working to improve the legal environment to attract foreign investment, including improving contracting terms and simplifying bureaucratic procedures.

Despite the optimism that accompanies new gas discoveries, there are a number of challenges facing the exploration and production process. These challenges include the need for modern technology and technical expertise, in addition to the difficult geographical conditions that may affect drilling and transportation operations.

Great economic opportunities

On the other hand, developing the natural gas sector in Iraq opens up great economic opportunities. In addition to improving energy security, this sector can contribute to creating new job opportunities, increasing national revenues, and enhancing economic growth. Exporting gas to international markets can also provide an important source of financial returns.

“The discovery of new gas blocks in Iraq represents an important strategic opportunity for the country as it provides a strong foundation for developing the energy sector and enhancing economic independence,” said retired gas expert Dr. Sami Al-Jubouri, who held positions in major energy companies. “However, it is necessary to focus on improving the infrastructure and applying the latest technologies to ensure efficient and safe gas extraction, through cooperation with international companies, which will enhance Iraq’s ability to optimally exploit these resources.”

“The challenges facing the country include the need to develop local technical capabilities and increase operational efficiency, as well as manage resources sustainably to ensure long-term benefits,” Dr. Al-Jubouri added to the Iraq Observer.  link

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

Tishwash:  they are running this commercial again!

With our dinar and our products we are stronger... Support the Iraqi dinar

 With a dinar and our products   0:08

Stronger we reap the good   0:13

With a dinar we build and develop  0:16

Our country we teach our generations about the greatness of our civilization and strength   0:23

A dinar is our homeland with all goodness and blessings   0:30

A dinar is a homeland issue

https://www.youtube.com/watch?v=6Tq9QoIKWik

Mot:  aaaaaaaaaaahhhhhhhhhhhhhh - the Good ole Daze!!!! 

Mot:  A True Politican! - Makes Laws for Others but NOT fer Hisself!!