Everything You’ve Been Taught About MONEY Is WRONG
Everything You’ve Been Taught About MONEY Is WRONG
Taylor Kenny: 11-24-2024
Discover the truth about money, currency, and debt in this eye-opening video.
Learn how fiat currency erodes your wealth, why inflation benefits governments but punishes savers, and why true money, like gold, remains the ultimate store of value.
If you're concerned about protecting your financial future, this is a must-watch!
Everything You’ve Been Taught About MONEY Is WRONG
Taylor Kenny: 11-24-2024
Discover the truth about money, currency, and debt in this eye-opening video.
Learn how fiat currency erodes your wealth, why inflation benefits governments but punishes savers, and why true money, like gold, remains the ultimate store of value.
If you're concerned about protecting your financial future, this is a must-watch!
CHAPTERS:
00:00 - Introduction: Is everything you know about money a lie?
00:26 - Currency vs. Money: The critical difference
01:21 - How fiat currency is tied to debt
02:36 - Financial wealth vs. real wealth
04:10 - Why fiat currency loses value
05:45 - Inflation: Who benefits and who suffers?
07:30 - Protecting yourself with gold
Iraq Economic News and Points to Ponder Monday AM 11-25-24
Has “Dollar Control” Renounced Its Faith?
Economy 2024-11-24 |Source: Sumerian 1,621 views The dollar in Iraq : two decades of “leakage” and two years of “censorship”
The Central Bank of Iraq has concluded about two years since the start of tight control over the dollar through the electronic platform that was supposed to be a filter gate and a guardian eye for the green currency after years of piracy operations through innovative means through which the dollar leaked out of Iraq.
Currency “washing” window... 20 years and the Central Bank is an intermediary for “launderers”
Has “Dollar Control” Renounced Its Faith?
Economy 2024-11-24 |Source: Sumerian 1,621 views The dollar in Iraq : two decades of “leakage” and two years of “censorship”
The Central Bank of Iraq has concluded about two years since the start of tight control over the dollar through the electronic platform that was supposed to be a filter gate and a guardian eye for the green currency after years of piracy operations through innovative means through which the dollar leaked out of Iraq.
Currency “washing” window... 20 years and the Central Bank is an intermediary for “launderers”
For about 20 years, the Central Bank turned into an intermediary between the source of dollar the US on the one hand, and the money launderers on the other hand... and with forged bills and fictitious travelers, the dollar pirates were able to leak between 350 and 500 billion dollars over two decades, but,
in a moment of sudden awakening... it was discovered Everyone finally realizes that robbery operations, money laundering scandals , smuggling, and financing of suspicious countries and facilities are taking place with direct or indirect contributions from... The Central Bank of Iraq and several banks, whether with his work or without his knowledge.
75% of sales are “suspicious”... The electronic platform reduced sales from 5 to 1 billion dollars per month
The electronic platform began to be implemented in early 2023, but the actual restriction on the dollar began in November 2022, which led to a resounding decline from a monthly average of 4 to 5 billion dollars, to only about one billion dollars per month, which means that about 75% of dollar sales were unsuccessful. In the transparency test.
Sales returned to about $6 billion per month after 8 months
After that, sales returned to rise in mid-2023, recovering to their monthly average between 5 and 6 billion dollars, which the Central Bank interpreted as coming after the banks participating in the auction were able to improve their performance and provide sufficient evidence about the final fate and the legitimate recipient of these dollars.
Signs of “suspicious sales” return.. Central dollar arrives at “banned” banks
Two years of long testing, but the lesson seems to have not been understood well...
It seems that the process of selling the dollar has returned to the old days and has abandoned its new, “straight” religion.
According to members of the Iraqi Parliament, the Central Bank has sold quantities of dollars to banks prohibited from obtaining It is supposed to
banks Iraq's ...half of them are banned from the dollar, and 25% of them take over the auction
has Iraq more than 60 banks, half of which are prohibited from dealing in dollars, and
out of about 30 remaining banks, only between 12 and 16 banks participate in the currency auction, as
these banks control the currency auction and its external transfers.
Al-Sudani considered selling more than $200 million a day “irrational” and not suited to the market’s needs
Not only the MPs’ statements, but the numbers themselves raise doubts and doubts.
At the beginning of 2023, Prime Minister Muhammad al-Shia’ al-Sudani considered the previous sales of the dollar, which amounted to between 200 and 300 million dollars per day, to be exaggerated numbers, and not commensurate with the volume of supposed imports. After sales decreased to Only 50 million dollars a day.
Al-Sudani concluded that the market does not show the disappearance of some goods or confusion in trade, which proves that the previous amounts of sales are illogical.
300 million dollars a day...sales return to their “suspicious” level
But... after less than one year, how much are dollar sales today?... Nothing new...
Sales have returned to the levels that Al-Sudani himself criticized, as dollar sales currently touch $300 million per day, even though imports in the market do not show a significant change. About the previous...what happened?
$8.1 billion.. The Central Bank breaks a sales record in October 2024
Perhaps no one knows exactly what is happening... except that the Central Bank has begun to break records in its monthly sales of the dollar.
Last October, the Central Bank broke a record in dollar sales amounting to more than 8 billion dollars, a number it had never recorded before.
In general, the year 2024 was the year of breaking records in dollar sales.
In some months, sales reached more than 7 billion dollars, after the normal average sales in the past two years were at best. It does not exceed $6 billion per month.
What the Central Bank sold in 2023 in dollars, it achieved in just 9 months in 2024.
In conclusion, in 2023 the Central Bank sold about 55 billion dollars, while in 2024 and until October, sales amounted to more than 65 billion dollars, and with greater scrutiny,
what the Central Bank sold during the entirety of 2023, it sold within only 9 months in 2024.
https://www.alsumaria.tv/news/economy/507317/هل-ارتدت-رقابة-الدولار-عن-دينها؟
The Central Bank Moves Its Secret Vaults To Its New Building...An Explanation Of The Truth Of The Claim
Sweeteners | Yesterday, 21:42 |Baghdad today – Baghdad Today, Saturday (November 23, 2024), an informed source revealed the fact that the secret cabinets of the Central Bank of Iraq were transferred from the old building to the new one on Abu Nawas Street in Baghdad. The source told "Baghdad Today",
"The information that spoke about the transfer of secret tanks and tanks that were underground in the old Central Bank of Iraq building on Al-Rashid Street to the new building on Abu Nawas Street during the census curfew is absolutely incorrect." He added,
"The final touches in the Central Bank of Iraq building are still being worked on by the relevant authorities, and transferring anything to the new building is normal and does not involve any secrecy.
It is all taking place under the supervision of the relevant authorities, whether security or otherwise."
Social networking sites circulated information about the transfer of secret tanks and tanks that were underground in the old Central Bank of Iraq building on Al-Rashid Street to the new building of the bank on Abu Nawas Street during the days of the census curfew. https://baghdadtoday.news/262598-البنك-المركزي-ينقل-خزائنه-السرية-لمبناه-الجديد.-توضيح-لحقيقة-الادعاء.html
The Prime Minister's Advisor Announces The Assignment Of Two International Companies To Study The Iraqi Banking Market
economy Yesterday, 15:18 Baghdad - INA - Amna Al-Salami The financial advisor to the Prime Minister, Mazhar Muhammad Salih, announced today, Sunday, that the government is in the process of possessing a banking system based on the principles of a competitive market, while indicating that
two international companies have been assigned to study the Iraqi banking market. Saleh told the Iraqi News Agency (INA):
“The government strategy for banking reform began with the government banking sector under the supervision of the Prime Minister and is based on isolating government financial operations from the activity of developing the banking market, given that the government banking sector in its current, traditional form dominates 88% of banking activity.” The country has made government banking operations mixed with market activity.”
He added, "We are waiting for the birth of a banking system owned by the government, but
based on the foundations of a competitive market in providing banking services and
achieving actual financial inclusion and digital financial inclusion, and is
consistent with the digital payments policy that our country has been pursuing vigorously for more than a year," pointing out that
"the private banking sector is the The other is going through an evaluation stage, and
there are opportunities for voluntary merger between more than one bank, among which there is an international strategic banking partner.” He stated that
"the objectives of banking reform in Iraq will end with a high merger that achieves
competitiveness,
homogeneity,
compliance and
governance within the Iraqi banking market, and achieves the
integration of the national banking market with the global market," noting that
"the entire issue is being closely followed by Prime Minister Muhammad Shiaa Al-Sudani after
assigning two international companies." By studying the Iraqi banking market and according to a new vision that is consistent with the national economy’s need for
credit and investment and mobilizing the public’s accumulated resources to ensure the national income cycle is more stable and efficient.”
As for the private sector, Saleh explained that “the launch of the philosophy of development partnership between the state and the private sector was embodied for the first time in the
government granting sovereign guarantees to the private industrial sector to collect global loans to finance production lines for the most important industrial projects from the countries of the European Union and Japan, which lead the future of development.”
Five levels of industries begin with ensuring financing of infrastructure industries linked to the path of development, the
pharmaceutical industry,
petrochemicals, and
refining, and end with important
digital industries, without forgetting the interest in supporting the
agricultural sector and farmers in protecting
“The country’s food security stems from the production of important strategic food crops.” He stressed that
"the government has not neglected to proceed with the national strategy for the private sector, which hopes that the
private sector's contribution to the country's gross domestic product will rise from 37% currently to more than 54% in the coming years, by
providing opportunities to nurture the private sector through financing support." Governmental development projects, whether through the
Iraq Fund for Development or the
Riyada Bank (mixed sector), which was established by the Central Bank of Iraq to advance the role of the private sector in development and raise growth rates in its investments and contributions to the country’s gross domestic product.
According to the private sector development strategy that the government has adopted for years.”
https://www.ina.iq/222133--.html
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Monday Morning 11-25-24
Good Morning Dinar Recap
NEW TEXAS REGULATION: CRYPTO MINERS MUST REPORT POWER USAGE
Texas mandates crypto miners in ERCOT to report power usage, aligning mining growth with grid stability and efficiency.
Texas introduces a new rule requiring crypto miners to report electricity demand to manage power grid stability effectively.
Global trends show varying regulatory responses to crypto mining, from New York’s temporary moratorium to China’s outright ban.
Good Morning Dinar Recap
NEW TEXAS REGULATION: CRYPTO MINERS MUST REPORT POWER USAGE
Texas mandates crypto miners in ERCOT to report power usage, aligning mining growth with grid stability and efficiency.
Texas introduces a new rule requiring crypto miners to report electricity demand to manage power grid stability effectively.
Global trends show varying regulatory responses to crypto mining, from New York’s temporary moratorium to China’s outright ban.
In a move to better manage its power grid amid the growing popularity of cryptocurrency mining, Texas has introduced new regulations requiring crypto miners in the Electric Reliability Council of Texas (ERCOT) region to report their power demand.
Announced by the Public Utilities Commission of Texas (PUCT) Chairman Thomas Gleeson on November 21, the rule mandates Bitcoin [BTC] miners to provide detailed information about the location, ownership, and electricity demand of their operations.
This regulation aims to ensure stability and efficiency in the state’s power grid as the number of mining facilities increases.
The necessity for such regulations comes as Texas continues to attract a significant number of crypto mining operations due to its relatively low energy costs and crypto-friendly policies.
However, the surge in energy consumption by these operations has raised concerns about the potential strain on the state’s power infrastructure, especially during peak demand periods.
By having a clear picture of the energy demands from crypto mining, Texas can better prepare and adjust its grid management strategies to prevent outages and maintain reliable energy distribution.
Global regulatory trends in crypto mining
Texas is not alone in its efforts to regulate the energy use of crypto mining activities. Around the world, various jurisdictions have started implementing similar rules to address the environmental and infrastructural impacts of this burgeoning industry.
For example, New York recently passed a bill that places a temporary moratorium on certain types of cryptocurrency mining operations that use carbon-based fuel. This legislation is part of broader efforts to align the state’s crypto mining activities with its climate targets.
Similarly, countries like China have taken more drastic measures by completely banning cryptocurrency mining, citing excessive energy consumption and environmental concerns as primary reasons.
These global shifts in the regulatory landscape indicate a growing awareness and response to the complex interplay between cryptocurrency mining and regional energy systems.
The new Texas rule is part of a broader trend where regional governments are scrutinizing the environmental and infrastructural impacts of cryptocurrency mining.
While more territories evaluate and implement regulations, crypto miners are increasingly required to adapt to these changing conditions. Compliance with such regulations not only supports local infrastructure but also pushes the crypto mining industry towards more sustainable practices.
As the BTC mining industry continues to expand, the introduction of regulatory measures like those in Texas is crucial for ensuring that growth is balanced with the needs and limitations of local power grids and environmental standards.
These regulations could set precedents for how other regions manage the intersection of technology, energy consumption, and environmental responsibility in the age of cryptocurrency.
@ Newshounds News™
Source: AMBCrypto
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COINBASE EXPLORES BLOCKCHAIN PARTNERSHIP WITH KENYA'S SAFARICOM
Coinbase is reportedly exploring a partnership with Safaricom to enhance M-PESA with blockchain technology. This move aligns with Coinbase’s broader strategy of promoting crypto adoption in Africa, particularly in Kenya and Nigeria. Coinbase is also working with the Kenyan government to foster blockchain development and education.
While regulatory uncertainties have previously hindered Coinbase’s operations in Kenya, recent positive developments and partnerships with local entities like Yellowcard suggest a growing interest in cryptocurrencies and blockchain technology in the country.
@ Newshounds News™
Source: Bitcoin News
~~~~~~~~~
HONG KONG’S ZA BANK IS FIRST BANK IN ASIA TO LAUNCH RETAIL CRYPTO SERVICES
Today Hong Kong digital bank Zhong An Bank (ZA Bank) unveiled a retail cryptocurrency trading service. It claims to be the first Asian bank to launch a retail service. Rather than building an exchange from scratch, like most banks, it is launching in partnership with an existing cryptocurrency exchange, HashKey Exchange
Initially the bank supports trading only in Bitcoin and Ethereum in both HKD and USD. For the first three months after activation, ZA Bank is offering 0% commission, with minimum investments of USD 70 or HKD 600.
The offering has been integrated with the main bank app. The bank cited a recent survey by the Hong Kong Association of Banks, saying it found that 70% of respondents would find it convenient to trade crypto via their banking apps.
“The rise of cryptocurrency presents investors with more diverse asset allocation opportunities,” said Calvin Ng, alternative CEO of ZA Bank. “As a bank, we prioritise security and compliance, which is why we’ve partnered with HashKey, a global-leading licensed virtual asset exchange, to meet regulatory standards and deliver bank-grade security in virtual assets trading – our key competitive advantage in the Asian market.”
ZA Bank is Hong Kong’s largest digital bank with 800,000 users as of June 2024 (Hong Kong population 7.5m). The company is owned by ZA Global, an affiliate of Zhong An, the large Chinese insurance company which was co-founded by the entrepreneurs behind some of China’s biggest technology firms – Alibaba, Tencent and Ping An insurance.
Other bank cryptocurrency services
While ZA Bank may be the first Asian bank to offer retail crypto trading, Singapore’s DBS Bank was the first to launch a crypto service almost four years ago, which it built in-house. However, the DBS Digital Exchange targets only institutional and accredited investors.
Probably the largest number of retail bank crypto services are in Latin America. Europe is catching up, especially with the enactment of the bulk of the EU’s MiCA crypto regulations at the end of this year. BBVA was one of the pioneers, starting a service in Switzerland in mid 2021, followed by the launch of Garanti BBVA Digital Assets in Turkey last year.
@ Newshounds News™
Source: Ledger Insights
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THE UGLY TRUTH ABOUT THE 2020 ELECTION CONTROVERSY NO ONE TELLS YOU | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
THE ECONOMIC RESET: NESARA & GESARA EXPLAINED | Youtube
@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
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Seeds of Wisdom Team RV Currency Facts Youtube and Rumble
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“Tidbits From TNT” Monday Morning 11-25-2024
TNT:
Tishwash: MP: We need to extend the legislative term for 8 sessions and the budget is the top priority
Representative, Mohammed Al Shammari, called for extending the legislative term for 8 sessions, while stressing that the federal budget for the year 2025 is the top priority.
Al-Shammari told {Euphrates News} that: "There are important laws suspended within the House of Representatives, some of which are controversial and others need to be passed to serve the people."
TNT:
Tishwash: MP: We need to extend the legislative term for 8 sessions and the budget is the top priority
Representative, Mohammed Al Shammari, called for extending the legislative term for 8 sessions, while stressing that the federal budget for the year 2025 is the top priority.
Al-Shammari told {Euphrates News} that: "There are important laws suspended within the House of Representatives, some of which are controversial and others need to be passed to serve the people."
He added, "The controversial laws that were included in one basket are the Personal Status Law, the General Amnesty, and the Popular Mobilization. In addition to these laws, there are laws in all the drawers of the parliamentary committees, including the Security and Defense Committee, where the Intelligence Service Law and Diplomatic Passports Law are ready, but due to these differences, they were postponed. "
Al -Shammari continued, "The Personal Status Law is not binding on all the Iraqi people, and everyone has the choice to choose the law that suits their situation."
Al-Shammari stressed "the need to extend the legislative term to 8 sessions to compensate for what we missed in the last legislative term, and for the Parliament Presidency to prioritize the laws according to the needs of the people."
He added, "I believe that the issue of the federal budget for 2025 and its completion for the next fiscal year is of utmost importance, and the parliamentary circles have the determination to approve the budget schedules, and we hope that the law will be passed in the coming days." link
************
Tishwash: Kirkuk publishes lists of 369 families: Go to Article 140 office to receive compensation
From the expatriates to the governorate
Kirkuk
On Sunday, the Article 140 Office in Kirkuk Governorate called on 369 expatriate families to visit it with the aim of completing the deficiencies in their submitted transactions and updating their data to obtain official documents and compensation certificates.
Kakarsh Sadiq - Head of Article 140 Office in Kirkuk, to 964 Network :
The names of the heads of households published in today’s lists are from families who came to the governorate and returned to Kirkuk several years ago. Their transactions have been completed almost completely, except for some deficiencies that must be completed.
The deficiencies we have indicated in the transactions of the 369 families are not the same, as each family has a deficiency in a specific subject, so their transactions cannot be completed except by visiting the office.
We are constantly publishing lists of the names of the immigrant families, informing them of the need to visit the office to obtain the compensation for this constitutional article, which amounts to 10 million Iraqi dinars for each family, or to complete obtaining the official documents for residence in Kirkuk. link
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Tishwash: Iraq needs to improve its investment environment to attract international companies
$233 billion is the cost of stopping gas flaring in Iraq by 20402
A report by the international energy news website S&P Global revealed that the International Finance Corporation (IFC) estimates that Iraq needs investments of $233 billion to implement programs to reduce and stop gas flaring in the country by 2040, at a time when experts stated that Iraq must improve its investment environment to be able to attract international energy companies to help achieve this goal.
The report indicated that Iraq, which is considered one of the countries in the world that wastes the gas associated with its oil production by flaring it, was among the concerns of the climate change conference sponsored by the United Nations, with estimates that it needs investments of hundreds of billions of dollars to finance programs aimed at reducing and ending gas emissions in its fields.
According to estimates by the International Finance Corporation (IFC), Iraq needs approximately $233 billion in investments to implement programs to reduce and end gas flaring by 2040, while manufacturing it and using it to improve self-sufficiency in generating electricity and protecting the environment from pollution.
According to the International Energy Agency, the goal of the Iraqi National Program (NDC) is to reduce gas emissions in the country by 15% by 2030, noting that 13% of that goal depends on international support and assistance.
“At COP29, on this particular issue, we are seeing real progress in moving from planning to action. Developed countries and international organizations are ready to help and support Iraq in this area,” Jonathan Bangs, a climate change policy advisor at the Clean Air Task Force (CATF), told S&P Global Platts. He noted that a top priority of the Iraqi National Program Framework is to stabilize the foundations of gas-flaring plants in oil and gas fields.
The report noted that capturing associated gas, in addition to reducing its contribution and impact on climate change, would enable Iraq to profit from its gas reserves and help provide sustainable electricity to its citizens, a vital goal in a country that suffers from power outages, especially in the hot summer months when air conditioning requires maximum power consumption.
In an interview conducted in March 2024, the Deputy Minister of Oil for Gas Affairs, Izzat Saber, said that in 2023, Iraq made progress in the process of collecting and processing gas, achieving 60% benefit from this process by collecting 7.8 billion cubic feet of gas.
However, information based on satellite images from that year indicated that 636.8 billion cubic feet of gas were flared, causing heavy gas emissions.
Evgenia Miburova, a researcher in the field of gas emissions, said that the quantities of gas flared are equivalent to the quantities of gas that Iraq signed over five years with Iran, which will export 642.4 billion cubic feet of gas to Iraq annually, and this quantity is not far from the amount of gas consumed in Iraq in 2023, which is 722 billion cubic feet.
“Iraq’s ability to meet its domestic gas needs will depend on the speed of implementation of gas processing plant projects and the launch of new gas projects, as well as the growth rate of gas demand,” researcher Meburova added. “In addition, collecting associated gas in oil fields not only reduces the rate of gas flaring, but also reduces the country’s dependence on oil alone, with the abundance of natural gas to feed power plants.”
Meburova said that this shift is important because burning oil fuel generates more harmful gases than burning associated gas. According to local figures, Iraq burned 267,000 barrels per day of oil fuel oil to generate electricity in August 2023. She pointed out that the Iraqi National Program plan also includes goals to improve control related to reducing methane emissions and switching from oil fuel oil to natural gas fuel to improve self-sufficiency in power generation.
However, experts point out that Iraq needs to improve and facilitate the terms of its contracts in order to attract investment, stressing that another obstacle is the need to improve the security environment and eliminate corruption, which always discourages investors from coming to the country.
Sara Vakhshouri, an analyst at SVB International Energy, says, “Iraq must establish clear investment laws and conditions that are far from routine bureaucracy in order to attract investor money.”
About S&P Global link
Mot: Family --- aaaaahhhhhhh
Mot: ....... cooking the Turkey Thaw for 3-5 days
MilitiaMan & Crew Iraq News-CBI Building Final Touches-Oil Exports-Development Road-Turkey-Budget Article 12 & 13
MilitiaMan & Crew Iraq News-CBI Building Final Touches-Oil Exports-Development Road-Turkey-Budget Article 12 & 13
11-24-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
MilitiaMan & Crew Iraq News-CBI Building Final Touches-Oil Exports-Development Road-Turkey-Budget Article 12 & 13
11-24-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Seeds of Wisdom RV and Economic Updates Sunday Afternoon 11-24-24
Good Afternoon Dinar Recaps,
XRP LAWSUIT NEWS: EX-SEC ATTORNEY SAYS ‘NO SETTLEMENT’ BECAUSE GENSLER WON ‘HALF THE CASE’
XRP’s price surged massively following Gary Gensler’s announcement that he will step down as SEC Chairman in January 2025. This revelation has sparked speculation about whether the XRP-SEC lawsuit could come to an end before Gensler’s departure.
A social media user speculated that Gary Gensler and the SEC might offer a settlement before he leaves, in an attempt to avoid looking like total losers, or to at least make it seem like they had a win.
Good Afternoon Dinar Recaps,
XRP LAWSUIT NEWS: EX-SEC ATTORNEY SAYS ‘NO SETTLEMENT’ BECAUSE GENSLER WON ‘HALF THE CASE’
XRP’s price surged massively following Gary Gensler’s announcement that he will step down as SEC Chairman in January 2025. This revelation has sparked speculation about whether the XRP-SEC lawsuit could come to an end before Gensler’s departure.
A social media user speculated that Gary Gensler and the SEC might offer a settlement before he leaves, in an attempt to avoid looking like total losers, or to at least make it seem like they had a win.
However, former SEC lawyer Marc Fagel responded, saying that the SEC has already won half of the case. He doubts the same commissioners who voted to appeal the other half would change their stance now. While it’s possible, he finds it unlikely and reassured that the case won’t get dismissed.
He wrote, “They already won half the case. I don’t know why the same commissioners who voted to appeal the other half would reverse course now. Possible, but seems unlikely.”
Conclusion: What’s Next For Ripple And XRP?
XRP has reached $1.5, with an increase in trading volume. Analysts are bullish, with some predicting a price surge to $2 in the near term. XRP is currently showing strong bullish momentum, and the launch of an XRP exchange-traded fund (ETF) in the U.S. could push its price even higher.
The recent rise is also fueled by new developments, such as the listing of physical XRP across major European exchanges. Ripple’s CEO, Brad Garlinghouse, has expressed optimism about the future of XRP, especially with Donald Trump’s potential Treasury Secretary pick, Scott Bessent, which could further benefit XRP’s outlook.
According to lawyer Jeremy Hogan, the Ripple vs. SEC case could be resolved by spring or early summer 2025. Gensler’s exit may speed up the process and lead to a more favorable regulatory environment for XRP.
@ Newshounds News™
Source: CoinPedia
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RWA INC ANNOUNCES $RWA TOKEN LAUNCH ACROSS MAJOR EXCHANGES ON NOVEMBER 25, 2024
On November 25, 2024, RWA Inc is set to launch its utility token $RWA on KuCoin, Gate.io, and MEXC, bringing years of hard work to fruition. Since its founding, RWA Inc has aimed to redefine how investors and businesses interact with real-world assets, by creating a trusted platform that bridges the gap between traditional markets and the Web3 space.
$RWA Token: Powering the Ecosystem
The $RWA token serves as the backbone of RWA Inc’s multi-asset platform, playing an integral role in the functions of its products and services. It supports staking mechanisms, reduces transaction fees, and powers user engagement across the ecosystem, including the Launchpad, Exchange, Community Hub, and the forthcoming Marketplace.
RWA Launchpad: The launchpad utilizes a tiered-staking mechanism, enabling users to stake $RWA and earn high APYs, allocation for launchpad projects, rewards, and early access to innovative ventures.
RWA Exchange: The exchange incorporates a tiered-staking system that reduces trading fees for investors and allows $RWA to be used for transaction fee payments.
Community Hub: While staking is not available, users can earn $RWA by engaging with campaigns, creating content, and participating in community-driven activities.
RWA Marketplace: In the forthcoming marketplace, $RWA will function similarly to the exchange, lowering transaction fees through staking and serving as a payment method for transactions.
In addition to its core functionalities, the $RWA token provides:
Governance: Token holders can participate in governance decisions, influencing the future development of the platform.
Access: The token grants priority access to launchpad projects, exclusive campaigns, and reward programs.
Liquidity: As the primary medium for transactions within the ecosystem, $RWA facilitates secure trading and ensures smooth operations across products.
IDO Fundraising Campaign
As part of RWA Inc’s launch it is actively raising $800,000 USD through a series of Initial DEX Offerings (IDOs). These IDOs are hosted on prominent launchpads Decubate, Eesee, and Ape Terminal, chosen for their reputations and ability to reach diverse investor audiences.
This multi-platform raise is designed to maximize brand exposure and offer investors the flexibility to participate using their preferred platforms. This approach effectively expands RWA Inc’s market reach, laying the foundation for a successful fundraising campaign and in turn, the next phase of the project development.
Exchange Listings
Upon the conclusion of the IDOs, the $RWA token is set to go live on three CEXs. This listing marks a pivotal moment for RWA Inc, with trading set to begin on November 25, 2024, at 10:00 AM UTC. Investors will be able to trade the token on KuCoin, Gate.io, and MEXC, three exchanges renowned for their global reach, reliable trading infrastructure, and support for innovative projects.
Go-to-Market Strategy
RWA Inc’s go-to-market strategy leverages its Launchpad for onboarding innovative startups and driving adoption of real-world asset tokenization. They are focused on a specific profile of token issuers, starting with Web2 startups/scaleups from seed to B-series stage, who are looking for disruptive ways to raise capital for their growth companies. With a carefully curated pipeline of projects ready for launch. RWA Inc will likely start onboarding its first clients shortly after launch.
The companies’ revenue streams are generated through their tokenization service, launchpad IDOs, listing fees, staking mechanisms, and transaction fees paid in $RWA, creating a diversified and sustainable model for platform growth.
To further strengthen the ecosystem, 50% of the platform’s profit has been committed to a buy-back and burn mechanism, fortifying long-term value for stakeholders.
The RWA Inc project was carefully designed for long-term value generation and aims to lead the tokenized RWA market by example. This strategic approach has garnered the company traction in what is the fastest-growing market in the Web3 space.
About RWA Inc:
RWA Inc offers end-to-end real-world asset tokenization through a cutting-edge multi-asset platform that includes tokenization as-a service, a launchpad, and a marketplace.
With a short-term focus on startup utility tokens for our go-to-market strategy, our primary emphasis is on strategically expanding into startup equity tokens, real estate, collectibles, and other asset classes via registered security tokens.
As an innovator in the RWA niche, we help tech startups and established companies successfully launch utility and security compliant tokens and thrive in the Web3 market. Our approach addresses the need for extensive tokenization support for Web2 startups, fostering their dynamic growth potential. Our versatile solution aims to unlock opportunities across diverse asset classes, enhance liquidity, broaden market reach, support business development, and unlock asset value, effectively meeting market demands.
@ Newshounds News™
Source: Blockchain Reporter
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XRP SECURES GOLDEN CROSS AGAINST BITCOIN, WHAT'S NEXT?
XRP has achieved a major technical pattern in its Bitcoin (BTC) pairing, forming a golden cross. This technical pattern, often seen as a bullish signal, occurs when a short-term moving average crosses above a long-term moving average.
A golden cross happens when the 50-day simple moving average (SMA) crosses above the 200-day SMA, indicating potential upward momentum. XRP has been steadily gaining ground against Bitcoin in recent weeks. The recent altcoin bull run has seen funds flowing from Bitcoin into other cryptocurrencies, including XRP.
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Source and Read more: U Today
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GOLDEN CROSS PATTERN EXPLAINED WITH EXAMPLES AND CHARTS
What Is a Golden Cross?
A Golden Cross is a chart pattern in which a relatively short-term moving average crosses above a long-term moving average. It is a bullish breakout pattern that forms when a security's short-term moving average (such as the 50-day moving average) crosses above its long-term moving average (such as the 200-day moving average) or resistance level.
As long-term indicators carry more weight, the Golden Cross indicates the possibility of a long-term bull market emerging. High trading volumes generally reinforce the indicator.
▪️A Golden Cross is a technical chart pattern indicating the potential for a major rally.
▪️The Golden Cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average.
▪️The Golden Cross can be contrasted with a Death Cross, which indicates a bearish price movement.
How Does a Golden Cross Form?
The Golden Cross is a momentum indicator, which means that prices are continuously increasing—gaining momentum. It means that traders and investors have changed their outlooks to bullish rather than bearish. The indicator generally has three stages.
The first stage requires that a downtrend eventually bottoms out as buyers overpower sellers. In the second stage, the shorter moving average crosses over the larger moving average to trigger a breakout and confirms a downward trend reversal.
Note
Support is a low price level that the market does not allow. Resistance is a high price level that the market resists. A breakout occurs when the price crosses one of these levels.
The last stage is a continuing uptrend after the crossover. The moving averages act as support levels on pullbacks until they cross back down.
The most commonly used moving averages for observing the Golden Cross are the 50-day- and 200-day moving averages. Generally, longer periods tend to form stronger, lasting breakouts. For example, the 50-day moving average crossover up through the 200-day moving average on an index like the S&P 500 is one of the most popular bullish market signals.
Day traders commonly use smaller periods like the 5-day and 15-day moving averages to trade intra-day Golden Cross breakouts. Some traders might use different periodic increments, like weeks or months, depending on their trading preferences and what they believe works for them.
But when choosing different periods, it's important to understand that the larger the chart time frame, the stronger and more lasting the Golden Cross breakout tends to be.
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Source and Read More: Investopedia
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BRICS Breaking News: 🇨🇳 China discovers $83 billion gold reserve.
“This comes as gold prices have soared recently and are set to reach record highs in the coming months” 👀🔥
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Source: X BRICS INFO
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A BIG CHANGE FOR THE IRAQI DINAR - Economic Ninja | Youtube
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THE END OF THE DOLLAR: GLOBAL FINANCE SHIFT 2024 | Youtube
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“Tidbits From TNT” Sunday 11-24-2024
TNT:
Tishwash: Koger: The budget schedules have not reached us yet, and we will start the sessions as soon as they arrive.
Jamal Kojer, a member of the Parliamentary Finance Committee, explained today, Saturday, that the budget schedules have not reached the Finance Committee yet, and we have not been informed of the date of sending them to the House of Representatives.
Kocher added in his statement to {Euphrates News} Agency, "Once the schedules reach the committee, they will be announced and the sessions for the first reading will begin if they include texts. If the schedules are devoid of texts, the committee will begin reading the schedules only."
TNT:
Tishwash: Koger: The budget schedules have not reached us yet, and we will start the sessions as soon as they arrive.
Jamal Kojer, a member of the Parliamentary Finance Committee, explained today, Saturday, that the budget schedules have not reached the Finance Committee yet, and we have not been informed of the date of sending them to the House of Representatives.
Kocher added in his statement to {Euphrates News} Agency, "Once the schedules reach the committee, they will be announced and the sessions for the first reading will begin if they include texts. If the schedules are devoid of texts, the committee will begin reading the schedules only."
He stressed that "the committee will work to prevent tampering with the schedules, as happened previously." link
Tishwash: The Trade Bank of Iraq (TBI) announced today, Saturday, a plan to open a number of new branches.
The media advisor of the Trade Bank of Iraq (TBI), Aqeel Al-Shuwaili, said that “the plan included opening an office for the bank in SOMO Oil Marketing Company in Rusafa and a cash deposit office in Karkh in the Red Crescent Society in Al-Mansour area, as well as opening a branch in Karkh in 14 Ramadan Street, in addition to opening a branch in Karkh in Al-Saydiyah area, in addition to opening a branch in the governorate center in Samawah in Al-Baraka Mall.
The statement indicated that “the plan also included preparing to open other new branches, namely the Ziona branch in Rusafa, the Tikrit branch in Salah al-Din Governorate, a branch in Basra Governorate, and the Diwaniyah branch in Qadisiyah Governorate.” link
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Tishwash: The European Union organizes a workshop in Basra on central administration and the wealth distribution system
The European Union organized a workshop in Basra on central administration and the wealth distribution system.
Basra Governor Asaad Al-Eidani stressed during the workshop that the distribution of wealth has limitations for the poorest areas as well as areas with high population density, in addition to areas that were damaged by the wars that Iraq witnessed.
He added that Basra has three resources for distributing wealth in the budget, which are: regional development, border crossing revenues, and petrodollars. Basra may not be given its full revenues, which are according to the constitution, due to the financial situation and challenges facing the country. He pointed out that during the past two years there are debts owed to the governorate that must be given those entitlements.
Al-Eidani explained that "the infrastructure projects being implemented in the province have contributed significantly to improving the economic situation in various housing units, noting that house prices in the province have witnessed a noticeable doubling during the past few years, reaching ten times their previous value.
Al-Eidani pointed out that these improvements reflect the impact of development projects on improving the standard of living and enhancing the value of real estate assets in Basra." link
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Tishwash: MEPS24: US Consul in Erbil highlights promising economic opportunities for Iraq
On Saturday, Steven Bitner, the US Consul General in Erbil, spoke about the "economic opportunities" that will bring significant benefits to both Iraq and the United States.
During a panel discussion at the Middle East Peace and Security Forum (MEPS24) at the American University in Duhok, the Kurdistan Region, Bitner stated that "the strategic agreement between the two countries encompasses various aspects, including economic, cultural, health, and environmental cooperation, as well as strengthening mutual relations."
"For the past twenty years, security and political concerns have dominated the relationship between the United States and Iraq. However, recent efforts have focused on economic opportunities that will benefit both countries," he noted.
Notably, MEPS24 features participation from the President of Iraq, the Speaker of the Iraqi Parliament, the President of the Kurdistan Region, and numerous local, Arab, and international officials.
Organizers of the two-day forum emphasize that it includes panel discussions, seminars, and workshops on the situation in the Middle East and the world. "The forum aims to build bridges of cooperation between participating countries, discuss problems and solutions, and explore the role of society in the Middle East." link
Mot: . Bet You Didn't Know!
Mot: ..... at Long Last!!!
Iraq News Highlights and Points to Ponder Late Saturday Night 11-23-24
An Inside Look At Iraq’s “Fuel Smuggling Market”: New Developments And Smugglers “Suffering”
Economy 2024-11-23 | 1,627 views Sumerian News-Economy Economic platforms specialized in energy information in the world revealed that they addressed...Iraq To Iran, and the request to prevent the passage of smuggled fuel tankers through the territory Kurdistan To Iran, after reaching Iraq to deal By raising the cost of a barrel of oil for foreign companies, and restricting export Oil and fuel exclusively through SOMO.
Economic reports said that the Iraqi Ministry of Foreign Affairs requested the authorities to...Iranian Preventing trucks carrying “oil, black oil and other petroleum products” from entering Iran through border crossing areas in the region. Kurdistan Iraq Unless exports are licensed by Iraq's state oil marketing company SOMO, according to a letter dated Nov. 12.
An Inside Look At Iraq’s “Fuel Smuggling Market”: New Developments And Smugglers “Suffering”
Economy 2024-11-23 | 1,627 views Sumerian News-Economy Economic platforms specialized in energy information in the world revealed that they addressed...Iraq To Iran, and the request to prevent the passage of smuggled fuel tankers through the territory Kurdistan To Iran, after reaching Iraq to deal By raising the cost of a barrel of oil for foreign companies, and restricting export Oil and fuel exclusively through SOMO.
Economic reports said that the Iraqi Ministry of Foreign Affairs requested the authorities to...Iranian Preventing trucks carrying “oil, black oil and other petroleum products” from entering Iran through border crossing areas in the region. Kurdistan Iraq Unless exports are licensed by Iraq's state oil marketing company SOMO, according to a letter dated Nov. 12.
Reports quoting market sources say that a movement Bitumen and other petroleum products through the Haj crossing Imran- Piranshahr has already stopped due to the new directive, but Parviz Khan and Bashmakh border crossings are still exporting bitumen, but if this message is fully implemented, the exports will Iraq Of bitumen will be cut off because these producers do not have a license from SOMO.
The restrictions are expected to remain in place until further notice, although some market participants have expressed doubts about the effectiveness of the strict measures. The directives are expected to affect crude producers in the Kurdistan region, which have relied on local sales since the main export pipeline to Turkey was shut down last year.
Foreign operators working in the Kurdistan They have been transporting crude to local refineries since the pipeline was shut down, but data suggests Kurdish crude is also being smuggled – by truck – across the border to Turkey, Iran and Syria.
Bitumen market participants in Iraq The smuggling ban, however, comes at a time when domestic supplies are already tight, due to limited availability of raw materials from refineries.
Not only are high margins encouraging Iraqi refiners to blend vacuum distillation residues to produce high-sulfur fuel oil, but the long blockade between Erbil and Sulaymaniyah, which began before the Kurdish elections in October, has made it difficult for bitumen producers to transport vacuum distillation residues from refineries to their production units.
Despite a reduction in freight rates to $10 per tonne last week to encourage bitumen producers to transport vacuum distillation residues, down from $35 per tonne when the ban began, most Kurdish suppliers have refrained from offering new export cargoes in the past three weeks.
A few Indian importers said it was becoming increasingly difficult to secure Iraqi bitumen barrels due to a lack of supply, and some bitumen suppliers have decided to step down in the hope that export values will rise in line with higher Iranian sea freight rates.
Limited availability of spare parts has pushed up production costs for Iraqi bitumen suppliers, with producers saying Iraqi barrels will be offered at above $340 a tonne FOB Bandar Abbas in the coming days, compared with around $322-325 a tonne last week.
Market participants said one major producer in South Iraq It has stopped offering barrels since the end of October because high production costs have made export prices less competitive for major consumers such as India. LINK
MP Calls For Activating China's Belt And Road Initiative
Economy MP calls for activating China's Belt and Road Initiative Information / Baghdad.. Head of the Amal parliamentary bloc, Yasser Al-Husseini, called today, Saturday, to activate the Chinese Belt and Road Initiative to get rid of American hegemony.
Al-Hussaini said in a statement to Al-Maalouma Agency, "China is at the forefront of countries in trade and economy with Iraq, indicating the importance of activating the Chinese agreement and starting to implement the Silk Road to get rid of American hegemony over Iraq's sovereignty."
He added, "The Belt and Road Initiative is of great importance in developing the Iraqi economy and building infrastructure."
He pointed out that "Iraq can exploit its distinguished geographical location as it connects by land and sea the three ancient continents (Asia, Africa and Europe) and will be a point of strength for Iraq in its contribution and participation in this great project." End/25H LINK
The Central Bank Of Iraq Sells More Than $894 Million In Three Days
Shafaq News/ The Central Bank of Iraq witnessed total sales of hard currency exceeding $894 million in just three working days last week.
Shafaq News Agency correspondent explained that the Central Bank's sales of the US dollar during the past week, during the three days in which the auction was opened, amounted to 894 million, 662 thousand, and 721 dollars, at a daily average of 298 million, 220 thousand, and 907 dollars.
These sales declined compared to the previous week, when total sales amounted to $1,434,982,505.
He added that the highest sales of the week were on Sunday, reaching $308,018,326, while Tuesday recorded the lowest sales of $287,810,781.
The correspondent pointed out that foreign remittance sales accounted for the largest proportion of total sales, amounting to 841 million, 712 thousand, and 721 dollars, representing 94% of total sales, while cash sales were only 52 million, 950 thousand dollars. LINK
OPEC Secretary General: Crude Oil And Natural Gas Are 'Gifts From God'
Energy Economy News - Follow-up OPEC Secretary-General Haitham Al-Ghais stressed that global warming talks should focus on reducing emissions rather than choosing energy sources, stressing during a speech he delivered at the United Nations Climate Change Conference (COP29) in Azerbaijan that crude oil and natural gas are “a gift from God.”
The comments came as world governments seeking to limit the damage caused by global warming in the Caspian Sea country met to try to reach a comprehensive financial agreement aimed at helping countries cut emissions and adapt to the effects of climate change.
Al-Ghais said in a speech he delivered at the conference hosted by Baku, the capital of Azerbaijan, “Oil and natural gas are in fact a gift from God.”
“Today, nearly 180 years after the discovery of oil, specifically here in Baku, the capital of Azerbaijan, oil and its various derivatives still play a role in how we heat and cool our homes, build buildings, and move and travel from one place to another. Oil and gas remain vital to producers and consumers around the world,” Al Ghais said.
“These resources affect how food is produced, packaged and transported, how medical research is conducted and how medical supplies are manufactured and distributed. I could go on and on with an endless number of examples,” he added.
The statements of the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, are in line with the opening speech of the President of Azerbaijan, Ilham Aliyev, in which he responded to Western criticism of his country's oil and gas industry, and also described these resources as a "gift from God."
He pointed out that the world's governments, which set a ceiling for the rise in global temperature during the Paris summit in 2015 of no more than 1.5 degrees Celsius compared to the pre-industrial revolution level, can achieve their climate goals without shifting away from oil.
Related News
Al Ghais also stressed that a balanced energy transition is the key to global sustainability.
"The Paris Agreement focuses on reducing emissions, not on choosing energy sources," he said.
OPEC said technologies such as carbon capture could address the climate change impacts of burning fossil fuels.
Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum, also spoke at the conference on Wednesday in support of fossil fuels.
“As the world’s population grows, the economy expands and human living conditions improve, the world will need more natural gas, not less,” he said.
He added that he hopes that the COP29 agreement on international climate finance will allow support for natural gas projects to help countries transition away from more polluting fuels such as coal.
"The outcome of the conference should facilitate financing of natural gas projects and promote cleaner technologies such as carbon capture, storage and utilization," he added.
"This is essential to achieve energy transitions that are fair and inclusive and ensure that no country is left behind," he added. https://economy-news.net/content.php?id=50114
A Government Bank In Karbala Embezzles Installment Amounts Paid By A Number Of Borrowers
Saturday, 11-23-2024, Taisir Al-Asadi The Federal Integrity Commission was able to monitor cases of embezzlement of financial sums in a government bank in Karbala Governorate, indicating that the accused embezzled the amounts of installments paid by a number of borrowers.
The Government Media and Communications Office, while talking about the details of the operation that was carried out under the direct supervision of the judge of the Karbala Investigation Court, which is specialized in examining integrity cases, stated that a team formed in the Commission’s Investigation Office in the governorate,
and within the framework of the follow-up and auditing work it is carrying out at Rafidain Bank - Al-Hussainiya Branch, revealed the embezzlement of an amount of money that was paid by two borrowers, noting that the borrowers’ files were seized along with a calculator statement of the cash payments that showed the embezzled installments.
The media office added that the former bank manager, in cooperation with the loan and counter department officials and the computer employee, embezzled the installment amounts, noting that the accused had previously been arrested after an arrest warrant was issued against them by the competent investigating judge;
following the commission’s discovery of their embezzlement of financial amounts after it had audited (2413) files over a period of three weeks, by organizing fictitious loan transactions to purchase cars, indicating that their statements were recorded and they were presented to the judge of the Karbala Investigation Court specialized in integrity cases, who decided to detain them in accordance with the provisions of Article (315) of the Penal Code.
It is worth noting that the Authority announced on August 21st the arrest of 5 bank employees on the grounds of embezzling a sum of money after reviewing the borrowers’ files, guarantor forms, loan contracts, collection receipts, daily matching statements, calculator tables, and the electronic program. https://non14.net/public/172216
Seeds of Wisdom RV and Economic Updates Sunday Morning 11-24-24
Good Morning Dinar Recaps
STELLAR AND THIS NEW COIN: THE DEFI DUO WITH POTENTIAL TO MULTIPLY A CRYPTO PORTFOLIO
A seasoned crypto and a rising DeFi star are capturing investor attention, offering potential for major portfolio growth.
Investors are eyeing a dynamic pair shaking up the decentralized finance scene. One is a seasoned cryptocurrency with a solid track record. The other is a fresh player gaining rapid attention.
Together, they could offer a compelling opportunity to amplify investment returns. This duo might be the catalyst for significant portfolio growth.
Good Morning Dinar Recaps
STELLAR AND THIS NEW COIN: THE DEFI DUO WITH POTENTIAL TO MULTIPLY A CRYPTO PORTFOLIO
A seasoned crypto and a rising DeFi star are capturing investor attention, offering potential for major portfolio growth.
Investors are eyeing a dynamic pair shaking up the decentralized finance scene. One is a seasoned cryptocurrency with a solid track record. The other is a fresh player gaining rapid attention.
Together, they could offer a compelling opportunity to amplify investment returns. This duo might be the catalyst for significant portfolio growth.
Early access to ZDEX: A token with 1000x potential
The ZDEX presale is officially underway, offering early adopters a prime opportunity to invest in a rising DeFi star at an entry price of just $0.0019. By the end of the presale the price will increase to $0.0029, meaning that ZDEX will appreciate 50% even before it gets listed.
ZDEX is the cornerstone of ZircuitDEX, a next-generation decentralized exchange (DEX). Unlike many junk coins, DEX tokens are built to thrive, thanks to their high demand and real utility.
Take Raydium (RAY), which skyrocketed 1790% in a year, or Uniswap, starting at $1 and now over $8, an 8-fold price increase. ZDEX token has similar 1000x potential, ready to reward those who get in early.
Built on the ultra-fast Zircuit Layer 2 chain, ZircuitDEX is crafted to meet the needs of both new and seasoned DeFi traders with its key features:
▪️Lightning-fast transactions for smooth trading experiences
▪️Minimal slippage to ensure trades occur close to desired prices
▪️Near-zero fees for cost-effective transactions
Fully EVM-compatible, ZircuitDEX ensures smooth integration with Ethereum tools, while its implementation of zero-knowledge proofs (ZK proofs) provides enhanced security—a critical feature as market participants increasingly prioritize safeguarding their assets.
Riding the meme coin wave
ZircuitDEX’s built-in meme coin launchpad gives investors a front-row seat to the next viral crypto sensations. With exclusive access to promising meme projects, ZDEX is ready to replicate the explosive success of tokens like BRETT, which soared over 14,000%! As ZircuitDEX nurtures a vibrant, community-centered approach, it’s primed to become the hotspot for high-growth meme tokens.
Efficiency and profitability for liquidity providers
For liquidity providers, ZircuitDEX delivers up to 500x capital efficiency compared to traditional decentralized exchanges. Concentrated liquidity pools allow LPs to earn higher returns with lower capital input, while automated strategies streamline trading, making it easier for users to optimize their holdings. ZDEX token holders also gain governance rights, exclusive airdrops, trade incentives, and staking rewards—adding further value to early participation.
As anticipation builds, ZDEX is quickly becoming a must-watch in the DeFi space, with investors eager to capitalize on its potential for outsized returns.
Stellar: Decentralized network enhancing global financial collaboration
Stellar (XLM) is a decentralized, open-source payments network using blockchain to enable quick, low-cost fund transfers.
It does not favor any national currency and features its own cryptocurrency, Stellar Lumens. Since 2014, Stellar has processed billions of transactions and formed major partnerships. It allows transfers of any currency type, including digital versions of national currencies and cryptocurrencies like Bitcoin.
Unlike many cryptocurrencies aiming to replace financial systems, Stellar seeks to enhance them, offering a unified network for collaboration. Individuals can transfer funds globally using Stellar apps, and companies can develop blockchain applications or use the network for payments and currency conversion. The potential of Stellar’s technology makes it an attractive option in the current market cycle.
Conclusion
In conclusion, although established coins like XLM have less short-term potential during this 2024 bull run, ZircuitDEX offers an exceptional opportunity with 500X capital efficiency, lightning-fast transactions, and zero slippage. The ZDEX Token’s 70% presale discount and potential 500% returns upon launch make it a promising asset to enhance portfolio growth.
@ Newshounds News™
Source: Crypto News
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THE FUTURE OF NFTS: A TRANSFORMATION, NOT A TOMBSTONE
What’s next fro non-fungible tokens? What’s shaping the industry going into potentially favorable 2025 and beyond?
As we navigate the landscape of digital assets, the question looms large: Are NFTs dead?
The fervor that once engulfed the NFT market has certainly dimmed since the euphoric days of 2021, often compared to tulip mania. However, rather than writing an epitaph for NFTs, we should consider a transformative future shaped by evolving perceptions and real-world utility.
The Loyalty of Web3 Audience
The first challenge that non-fungible tokens (NFTs) face is the inconsistency of the Web3 community. This community is very responsive to market conditions and quickly jumps from one trend to another and changes its loyalty overnight.
The market was cruel for NFTs, indicating that many enthusiasts came to participate in temporary hype rather than for long-term value. As the hype faded, interest waned, leading to disgruntled investors and deserted businesses.
When the reality set in, a number of the Web3 aficionados went shopping for bigger fish, and NFTs soon became out of favor, exposing the market’s appetite for bubble factors instead of fundamentals.
Web2’s Shift: Brands and Normies Depart
Simultaneously, the Web2 audience—once eager to explore blockchain and NFTs—has also moved on. Initially brands that adopted NFTs for promotion purposes have now lost interest in NFT amidst falling prices and the new narrative gaining the center stage.
The discussions about NFTs, primed before, remain dormant and have no elasticity to gain mainstream media attention. For the average consumer, NFTs are just a faded trend, just as the overemphasis on new technologies.
The Future Ahead?
So, what does this portend for the future of NFTs? In Web2, it is obvious that digital art is the new order, and NFTs are still necessary as a medium for auctioning and distributing this art.
Nevertheless, this is probably unlikely to start the next bull market. It is true that profile picture projects (PFP) will always amuse a select few, but they, too, are unlikely to trigger a mass market revival. Bull markets thrive on innovation, where originality intersects with scarcity, driving demand beyond supply.
The burning question is: what could give rise to this newness?
NFTs as the Core Infrastructure
Rather than a relic of a bygone era, NFTs hold the potential to be vital components of blockchain infrastructure. They can enhance identity protocols, facilitate social finance, enrich gaming experiences, and tokenize real-world assets.
When viewed through this lens, NFTs are as fundamental to blockchain as the ERC-20 standard is to decentralized finance(DeFi).
Imagine the scenarios: Instead of real estate parcels having only one owner, anyone can own a fraction of the property. This means that a house deed can be put on sale, and people can buy the NFT and trade it permissionless, making real estate transactions simpler.
Alternatively, NFT-backed real estate investments could allow investors to easily buy into real estate projects without owning the actual property. Fractional ownership might even allow groups to purchase vacation homes or shared assets, like a pair of skis, easily.
Moreover, NFTs are set to redefine community relationships through membership access, perks, and value exchange. A myriad of applications will emerge, such as health records management, credit history management, and embedding NFTs into everyday life.
Conclusion: Transformation is the Key to Success
While the NFT market as we know it may be undergoing a reorientation phase, it is far from dead. Instead of wailing its past, we should focus on the shifts that will redefine our understanding of NFTs. By recognizing their potential beyond digital collectibles, we can pave the way for a future where NFTs become integral to our digital lives—ushering in a new era of innovation and opportunity.
@ Newshounds News™
Source: CryptoPotato
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DONALD TRUMP SELECTS PRO-CRYPTO SCOTT BESSENT AS TREASURY SECRETARY
▪️Donald Trump has nominated Scott Bessent, a hedge fund manager and crypto advocate, as Treasury Secretary.
▪️Bessent’s pro-crypto stance sparked optimism of a shift toward balanced regulation that would help the industry grow.
▪️His nomination is seen as a potential turning point for fostering innovation and clearer policies in the crypto space.
Donald Trump, the President-elect of the United States, has nominated Scott Bessent as Treasury Secretary for his administration. This decision has generated enthusiasm in the emerging industry due to Bessent’s pro-crypto reputation.
Bessent and Cantor Fitzgerald CEO Howard Lutnick had been considered strong favorites for the position. However, Lutnick was eventually nominated as Commerce Secretary.
Crypto Industry Welcomes Scott Bessent’s Nomination for Treasury Secretary
In a November 22 announcement on Truth Social, Trump praised Bessent as the ideal candidate to support his administration’s economic goals. The President stated that Bessent will play a pivotal role in strengthening the US economy, fostering innovation, and maintaining the dollar’s status as the global reserve currency.
“Scott will support my policies that will drive US competitiveness, and stop unfair trade imbalances, work to create an economy that places growth at the forefront, especially through our coming world energy dominance,” Trump added.
Wall Street veteran Bessent, who founded the international macro investment company Key Square Group, brings extensive experience to the role. He had previously served as the chief investment officer for the prominent investor George Soros.
While President Trump’s announcement did not directly reference cryptocurrencies, many in the digital asset space view Bessent’s appointment as a positive sign.
In past statements, Bessent has described crypto as a symbol of financial freedom. He also called Bitcoin an alternative investment for younger investors disillusioned with the traditional financial system.
“I have been excited about the president’s embrace of crypto and I think it fits very well with the Republican Party, crypto is about freedom in the crypto economy is here to stay,” Bessent stated.
His pro-crypto stance has led many to believe his leadership could encourage a more balanced approach to digital asset regulation. This would contrast with the outgoing administration’s enforcement-heavy tactics, such as its controversial sanctions on decentralized platforms like Tornado Cash.
Indeed, crypto industry leaders have responded enthusiastically to Bessent’s nomination. Ripple CEO Brad Garlinghouse commended Bessent’s nomination, calling it a win for innovation. He noted that Bessent’s leadership could mark a turning point for crypto-friendly policies in Washington.
Similarly, Kristin Smith, CEO of the Blockchain Association, highlighted the importance of Bessent working with Congress to establish clear regulations, ensure fair tax treatment, and protect self-custody rights for digital assets.
“Critical to this nomination would be working with Congress on a regulatory framework for digital assets, protecting the right to self custody, pushing for clearer tax treatment of digital assets, and working closely with industry experts to protect our nation’s security,” Smith remarked.
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Source: Be In Crypto
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UNLOCKING PERSONAL SOVEREIGNTY: YOUR GUIDE TO TOTAL FREEDOM | Youtube
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🌱ELON MUSK'S BEDSIDE TABLE SECRETS REVEALED! | Youtube
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Dollar Devaluation Exposed, Gold up 800% in the Last 24 Years
Dollar Devaluation Exposed, Gold up 800% in the Last 24 Years
Kitco News: 11-22-2024
In a compelling analysis of the market landscape, Rich Checkan, President and COO of Asset Strategies International, has emphasized the remarkable performance of gold over the past 24 years, showcasing an astounding increase of over 800%.
This significant rise makes gold a standout asset, outperforming all major indices this millennium, and raising critical questions about the stability of traditional investments amidst the devaluation of the U.S. dollar.
Dollar Devaluation Exposed, Gold up 800% in the Last 24 Years
Kitco News: 11-22-2024
In a compelling analysis of the market landscape, Rich Checkan, President and COO of Asset Strategies International, has emphasized the remarkable performance of gold over the past 24 years, showcasing an astounding increase of over 800%.
This significant rise makes gold a standout asset, outperforming all major indices this millennium, and raising critical questions about the stability of traditional investments amidst the devaluation of the U.S. dollar.
Checkan shared his insights during an interview with Kitco News anchor Jeremy Szafron at the New Orleans Investment Conference, where he outlined the implications of economic policies and geopolitical tensions on various investment avenues. His remarks reflected a growing concern about the “real” performance of equity markets, which have been buoyed by the apparent rise in stock prices but are increasingly questioned due to the U.S. dollar’s loss of purchasing power.
The crux of Checkan’s argument lies in the persistent devaluation of the U.S. dollar, a phenomenon that has profound implications for investors.
As the dollar weakens, its purchasing power diminishes, rendering traditional assets like stocks, bonds, and real estate less reliable as hedges against inflation. In stark contrast, gold emerges as a durable safe haven, with Checkan noting that it is often viewed as a “d**d asset” for its lack of interest or dividends. Yet, its remarkable appreciation underscores its role as a stronghold during economic uncertainty.
“In the last 24+ years, gold is up 818%,” Checkan pointed out, highlighting its resilience in the face of financial instability. This striking statistic serves as a reminder to investors that sometimes, alternative assets may provide greater security and return potential than conventional investments.
The conversation also delved into how geopolitical tensions and government fiscal policies can directly impact the precious metals market. As nations grapple with conflict, instability, and economic changes, investors often flock to gold for its historical status as a store of value. Checkan noted that this behavior is particularly pronounced in environments where uncertainty reigns, making gold an attractive refuge.
Moreover, with ongoing discussions about inflation rates, interest rates, and expansive monetary policies, the interaction between fiscal measures and precious metals cannot be understated. The policies implemented by governments worldwide, particularly those related to money supply and stimulus measures, have significant ramifications for gold prices as they influence market confidence and investor behavior.
While Checkan primarily focused on gold, he also touched on the burgeoning realm of cryptocurrencies, specifically Bitcoin. As digital currencies gain traction, the perception of value and the diversification of portfolios continue to evolve.
Bitcoin, often dubbed “digital gold,” has attracted attention as both a speculative asset and a potential long-term store of value. Checkan’s outlook on Bitcoin encapsulates a broader conversation about the future of currencies and the ways in which they can coexist with traditional assets like gold.
As investors sift through the complexities of today’s financial landscape, Checkan’s insights serve as a crucial framework for understanding the dynamics of wealth preservation and growth. The impressive 800% increase in gold over more than two decades starkly contrasts with the volatility observed within equity markets. For many, gold’s enduring allure as a safe haven asset will continue to shine brightly, particularly in times of economic turbulence.
With Checkan’s observations echoing the sentiments of many financial experts, it appears that diversifying portfolios to include precious metals may not only be prudent but necessary.
As the world grapples with the interplay of currency fluctuations, geopolitical unrest, and inflationary fears, gold stands out not just as a commodity, but as a cornerstone of modern investment strategies.
Iraq Economic News and Points to Ponder Saturday Afternoon 11-22-24
Because It Contains A Political Aspect.. Parliamentary Wealth: The Oil And Gas Law Faces Difficulties
November 21 17:58 Information / private.. Member of the Parliamentary Oil, Gas and Resources Committee, Ali Abdel Sattar, confirmed today, Thursday, that the Oil and Gas Law has been facing difficulties since 2008.
Abdel Sattar told the Maalouma Agency, “The oil and gas law faces difficulties within the House of Representatives because it contains a political aspect between the region and the center.”
Because It Contains A Political Aspect.. Parliamentary Wealth: The Oil And Gas Law Faces Difficulties
November 21 17:58 Information / private.. Member of the Parliamentary Oil, Gas and Resources Committee, Ali Abdel Sattar, confirmed today, Thursday, that the Oil and Gas Law has been facing difficulties since 2008.
Abdel Sattar told the Maalouma Agency, “The oil and gas law faces difficulties within the House of Representatives because it contains a political aspect between the region and the center.”
He added, "The law regulates financial matters and oil management for all governorates, especially the governorates that produce oil and gas," noting that "the reason the law was suspended was because it contained controversial points with the region."
He explained that "the law is still included in the government and has not been sent to the House of Representatives despite the ongoing dialogues and discussions between the Baghdad government and the regional government."
He continued, "The dispute still exists between Baghdad and Erbil over the oil file, and we are waiting for it to be resolved and for the law to be sent to the House of Representatives in order to discuss and approve it."
https://almaalomah.me/news/83244/politics/لاحتوائه-جنبة-سياسية-الثروات-النيابية:-قانون-النفط-والغاز-يو
Census Results In Karbala Show The Oldest Woman In Iraq
Friday 22 November 2024 16:58 | General Number of readings: 169 Census results in Karbala show the oldest woman in Iraq (Pic 144 years old)
Karbala/ NINA / The results of the general population census in the holy Karbala governorate showed the oldest person from the governorate’s residents, born in 1880, who is 144 years old Shocked . She is the citizen Anoud Mazyan Hadi. /End https://ninanews.com/Website/News/Details?Key=1170450
Economist: The Total Cost Of The General Population Census Amounted To 951 Billion Dinars
Money and business Economy Economic expert Nabil Al-Marsoumi revealed, today, Friday (November 22, 2024), the financial and economic cost of the general population census.
Al-Marsoumi said in a post on Facebook that “the total financial and economic cost of the general population census amounted to 951 billion dinars.”
He explained that "the direct financial cost of the census amounted to 459 billion dinars, while the cost of suspending official work amounted to 492 billion dinars."
Al-Marsoumi added, "The economic cost is increasing due to the halt of public and private economic activities, and many individuals and local communities are harmed as a result, especially the poorest groups who depend on earning their living on a daily basis in normal times and do not save any resources to use during the curfew."
The economic expert pointed out that "the population census could have been conducted without the need to impose a comprehensive curfew in the country, even if that led to extending the data collection period for several more weeks, in order to save costs and take into account vulnerable groups and workers in the private sector." 153 views https://economy-news.net/content.php?id=50106
Iraqi Exhibitions Participate In The UFI Conference In Germany
Friday 22 November 2024 14:40 | Economic Number of readings: 203 Baghdad / NINA / The Iraqi General Company for Exhibitions and Commercial Services participated in the World Congress of the International Federation of Exhibitions "UFI" in Cologne, Germany, which started last Wednesday and will continue until tomorrow, Saturday.
A statement by the company indicated that "Mustafa Nizar Juma, General Manager and Chairman of the Board of Directors of the company, participated in the activities of the summit of the union, which includes 870 members of the organization from 87 countries around the world. The statement stated
that the conference is held at "Cologne Messe Confex", which is one of the largest trade fair centers in the world, and provides a unique platform for exclusive communication, professional development and exchange of ideas between members of the International Federation of Exhibitions and leaders of the exhibition industry in the world.
On the sidelines of the conference, the Director General of Iraqi Exhibitions met with a group of international exhibition organizers, the head of the regional office in the Middle East and North Africa in the UFI, and reviewed with them the exhibition activities of the Iraqi General Company for Exhibitions and Commercial Services, and discussed preparations for the upcoming 48th session of the Baghdad International Fair, in addition to discussing the criteria that must be taken into account regarding the company's membership in the UFI. / https://ninanews.com/Website/News/Details?key=1170441
Economist: Government Should Exploit Rising Oil Prices And Implement Sound Financial Management
Time: 2024/11/22 13:54:37 Read: 1,313 times {Economic: Al Furat News} An economic expert called on the government to exploit the circumstances of rising oil prices and implement sound financial management.
Rashid Al-Saadi told Al-Furat News Agency: "The rise in global oil prices is due to the impact of political circumstances. With the intensification of the Russian-Ukrainian war and the challenges facing the region, in addition to the decision of the International Criminal Court regarding Netanyahu and his Minister of War, and Israel's threats to Iraq and the pressure in the region, oil importing companies are being prompted to take precautions and be careful, and the political and security factor is the decisive and influential factor in the rise in oil prices."
He explained that "Iraq's benefit from this rise is that every dollar in which oil rises serves Iraq by no less than a billion dollars annually and strengthens its budget according to the size of its production."
Al-Saadi stressed, "The government must exploit the circumstances and the rise, because as soon as there is stability in the near or distant future, oil prices may drop significantly. This is a call for the government to manage the state's finances in a rational manner." LINK
Oil Prices Rise More Than 6% In A Week.. Brent Exceeds $ 75 Per Barrel
Energy Economy News - Follow-up Oil prices jumped about 1% at settlement on Friday, hitting a two-week high as geopolitical risk premiums rose in the market amid an escalation in the war in Ukraine this week.
Brent crude futures rose 94 cents, or 1.3%, to $75.17 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose $1.14, or 1.6%, to $71.24 a barrel.
Crude prices rose more than 6% during the week, their highest settlement since November 7, as Russia intensified its campaign in Ukraine after the United States and Britain allowed Kiev to strike deep inside Russia with weapons provided by the two countries, according to Reuters.
“The escalation in Russia and Ukraine has raised geopolitical tensions beyond the levels seen during the year-long conflict between Israel and Iranian-backed militants,” said Ole Hansen, analyst at Saxo Bank.
Russian President Vladimir Putin said Moscow would continue to test new hypersonic Oreshnik missiles in combat and had a stockpile ready for use.
Russia fired the missile at Ukraine after Ukraine used US ballistic missiles and British cruise missiles to strike Russia.
"What the market fears is that inadvertent destruction of any part of the oil, gas and refining sector could not only cause long-term damage but accelerate the spread of the war," said John Evans, an analyst at PVM.
In a related context, the United States imposed new sanctions on the Russian Gazprom Bank at a time when US President Joe Biden is intensifying sanctions measures on Moscow over its invasion of Ukraine before leaving office on January 20.
The Kremlin said the new US sanctions were an attempt by Washington to hinder Russian gas exports, but indicated that Moscow would find a solution.
The United States has also banned food, minerals and other imports from nearly 30 Chinese companies over their alleged use of forced Uighur labor.
China, the world's largest importer of crude, on Thursday announced policy measures to boost trade, including subsidies for energy product imports, amid concerns about threats by U.S. President-elect Donald Trump to impose tariffs.
Analysts, traders and ship-tracking data suggest China's crude oil imports are set to rise in November.
Oil imports in India, the world's third-largest oil importer, rose as domestic consumption increased, according to government data.
Limit Price Increases
The price rise was capped today by a sharp decline in business activity in the euro zone this month as the region's dominant services sector contracted and manufacturing remained stagnant.
In contrast, S&P Global said the composite flash purchasing managers' index, which tracks the manufacturing and services sectors, rose to its highest level since April 2022, with the services sector recording the largest share of the increase.
The US dollar jumped to a two-year high against a basket of other currencies as business activity gauges moved in opposite directions in the US and Europe.
A stronger dollar makes oil more expensive in other countries, which could reduce demand.
The economy in Germany, Europe's largest, grew less than previously estimated in the third quarter, the Federal Statistical Office said. https://economy-news.net/content.php?id=50117
The European Union Organizes A Workshop In Basra On Central Administration And The Wealth Distribution System
Saturday 23 November 2024 15:29 | Economic Number of readings: 116 Basra / NINA / The European Union organized a workshop in Basra on central administration and the wealth distribution system.
Basra Governor Asaad Al-Eidani stressed during the workshop that the distribution of wealth has limitations for the poorest areas as well as areas with high population density, in addition to areas that were damaged by the wars that Iraq witnessed.
He added that Basra has three resources for distributing wealth in the budget, which are: regional development, border crossing revenues, and petrodollars.
Basra may not be given its full revenues, which are according to the constitution, due to the financial situation and challenges facing the country. He pointed out that during the past two years there are debts owed to the governorate that must be given those entitlements.
Al-Eidani explained that "the infrastructure projects being implemented in the governorate have contributed significantly to improving the economic situation in various housing units, noting that house prices in the governorate have witnessed a noticeable doubling during the past few years, reaching ten times their previous value.
Al-Eidani pointed out that these improvements reflect the impact of development projects on improving the standard of living and enhancing the value of real estate assets in Basra." / End
https://ninanews.com/Website/News/Details?key=1170624
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