Seeds of Wisdom RV and Economic Updates Tuesday Afternoon 12-10-24

Good Afternoon Dinar Recaps,

USDT IS NOW APPROVED AS ACCEPTED VIRTUAL ASSET IN ABU DHABI

Tether has announced that Abu Dhabi’s Financial Services Regulatory Authority has approved the company’s U.S. dollar-pegged stablecoin as an accepted virtual asset.

According to the announcement on Dec. 10, Tether is now available to authorized individuals and entities regulated within the Abu Dhabi Global Market. FSRA is a market regulator in Abu Dhabi under the Abu Dhabi Global Market. The FSRA is a market regulato r under the ADGM, which operates as a financial-free zone in the United Arab Emirates.

USDT’s approval is part of FSRA’s mandate to regulate virtual asset service providers in the country. VASPs are required to comply with anti-money laundering and combating the financing of terrorism regulations.

In its announcement, Tether stated that the approval enables FSRA-licensed individuals and entities to offer USDT-powered services in the region. The agency pre-approves such services. With this acceptance, users within the ADGM can use USDT on Ethereum, Solana, and Avalanche.

Paolo Ardoino, chief executive officer of Tether, commented:

“This milestone underscores Tether’s commitment to fostering global financial inclusion and innovation. By bringing USD₮ to the forefront of ADGM’s regulated virtual asset framework, we are not only validating the importance of stablecoins as critical tools for modern finance but also opening new doors for collaboration and growth across the Middle East.”

USDT is the world’s largest U.S. dollar-pegged stablecoin, with a market cap of over $138 billion. Its adoption across the payments market and crypto space has allowed it to dominate other stablecoins, contributing to Tether’s record-breaking revenue figures.

Tether also revealed in a report on Dec. 9 that on-chain wallets with USDT exceeded 109 million at the start of the fourth quarter of 2024. Meanwhile, total wallets that have ever received USDT has surpassed 400 million.

Elsewhere, the Middle East and North Africa region has increasingly become a key market.

In May this year, Tether announced its expansion in the UAE via a partnership with web3-focused platform RAK Digital Assets Oasis. The collaboration aimed at promoting adoption of  Bitcoin and stablecoins in technology in UAE’s sixth-largest city Ras Al Khaimah.

In August, Tether revealed plans for a dirham-pegged stablecoin.

@ Newshounds News™

Source:  Crypto News

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MICROSOFT SHAREHOLDERS REJECT PROPOSAL TO ADD BITCOIN TO RESERVES

Shareholders opposed the motion, pointing to bitcoin’s volatility as a key concern.  Microsoft’s history with the world’s largest cryptocurrency has been cautious.

Microsoft shareholders voted to reject a resolution to add Bitcoin to the company’s balance sheet during its annual meeting on Tuesday.

The resolution was proposed by the National Center for Public Policy Research (NCPPR), a pro-free-market think tank based in Washington, D.C. The NCPPR framed the initiative as a corporate responsibility to diversify profits and enhance shareholder value.

As part of the proposal, a pre-recorded video was presented during the meeting. The video opened with the statement, “Microsoft can’t afford to miss the next technology wave, and bitcoin is that wave." The decision to reject the proposal aligns with the board’s recommendation, which emphasized Microsoft’s existing strategy of evaluating a wide range of investable assets, including bitcoin, within it  broader investment framework.

The recent arrival of new derivatives trading solutions, including options on the black rock ETF are only likely to strengthen that narrative as is the burgeoning liquidity on those and other venues around the world alongside the relatively newer role of bitcoin as a capital markets activity catalyst as evinced in recent convertible bond issuance by a number of the digital asset industries larger players.

Microsoft’s history with bitcoin has been cautious. The company briefly accepted the cryptocurrency as a payment method in 2014 but suspended the option in 2016, citing low usage and regulatory uncertainties. Today's result aligns with the views of Microsoft co-founder Bill Gates, who has been a vocal critic of cryptocurrencies.

Bitcoin experienced a 3% pullback over the past 24 hours, adding to broader uncertainty in the cryptocurrency market. The global cryptocurrency market cap declined by almost 5% in the same period, now standing at $3.73 trillion, according to CoinGecko data.

Despite Microsoft’s stance, discussions around bitcoin adoption at the corporate level are becoming increasingly common. Cryptocurrency derivatives trader Gordon Grant noted the significance of these debates.

"The fact that we are having conversations about whether one of the world's largest entities could or should maintain a position in bitcoin on its balance sheets as a financial principal says far more about the arrival of bitcoin as a tier one asset, than the actual outcome of the decision," Grant told The Block.

Grant also highlighted the growing interest in bitcoin as a capital markets catalyst, pointing to recent convertible bond issuances by MicroStrategy as evidence of bitcoin’s evolving role in financial markets.

"Utilization of bitcoin as a financial diversifier, as a conveyance for the transfer of monetary value, and as a vector for what MicroStrategy's Michael Saylor has called global digital capital, continues to gain currency," Grant said.

@ Newshounds News™

Source:  The Block

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PRESIDENT JEST A NEW STATE?  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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Tim Price: Real Assets are Returning to the Playbook of the 1970s

Tim Price: Real Assets are Returning to the Playbook of the 1970s

Palisades Gold Radio:  12-20-2024

Tom welcomes back Tim Price from Price Value Partners, to discuss the happenings on the other side of the pond. Price shares concerns over Europe's chaos, comparing it unfavorably to the US under Trump, who he sees as reducing 'woke culture' and neo-Marxist economic policies.

 He criticizes the media for losing credibility due to untruths and emphasizes the importance of understanding debt economics. Price reflects on his experiences during the exchange rate mechanism crisis and shares skepticism towards state planning, believing it has historically failed.

 Tim also covers the potential swing from left to right in politics and corruption issues, with Trump's election seen as a possible catalyst for change.

Additionally, gold or non-fiat money is suggested as an alternative to the corrupted monetary system.

Price calls for individual empowerment and market efficiencies, criticizes central banks, and advocates for real assets and value investing.

He discusses potential implications of Bitcoin reaching new heights and Tether's role in it. Throughout the interview, Tim Price encourages listeners to consider traditional investments like gold and silver, often overlooked despite their attractive valuations compared to the stock market.

Time Stamp References:

0:00 – Introduction

 0:39 - State of Europe

2:48 - Trump & Pendulum Swings

7:54 - Trends & Growing Debt

10:17 - Bond Mkt Predictions

15:50 - Endemic Issues

20:23 - Milei & Trump

22:04 - Global Cuts & Change

23:00 - Fixing Corrupt Money

26:55 - The Invisible Hand?

31:34 - 40-Year Rate Regime

 37:30 - Too Early & Wrong

44:53 - Silvers Potential

48:04 - Finding Cheap Assets

50:00 - Bitcoin 100k

50:55 - Dollar Strength?

55:42 - Time & Cheap Assets

 59:43 - Miners Underperformance

 1:02:17 - Contraian-isms

1:03:07 - Wrap Up

Talking Points From This Episode

Europe's chaos contrasted unfavorably to US under Trump, with concerns over 'woke culture' and neo-Marxist economic policies.

Media narratives criticized for losing credibility due to untruths, stressing importance of understanding debt economics in politics.

Skepticism towards state planning historically, individual empowerment, real assets, value investing promoted.

https://www.youtube.com/watch?v=HK2rj6x8HWI

Seeds of Wisdom RV and Economic Updates Tuesday Morning 12-10-24

Good Morning Dinar Recaps,

ARGENTINA ALLOWS U.S. CRYPTO ETFS TO ENTER THE LOCAL MARKET

Argentina’s financial regulator allowed foreign crypto-related products from the United States to enter the local market, which will unlock the inflow from overseas.

The board directors of Argentina‘s securities regulator, Comisión Nacional de Valores (CNV), announced that the U.S. exchange-traded fund (ETF), including crypto-related ETFs, are now available in the country.

Under CEDEAR’s program, which is regulated by RG No. 1030, Bitcoin spot ETF and Ethereum spot ETF will be released and ready to trade. This product was prohibited under Law No. 27440 for 6 years.

“it is a pleasure to announce these first approvals, which constitute new investment options provided for in this very innovative law,”  CNV’s president Roberto E. Silva, on official statement.

Although details on which Bitcoin ETF issuer would be allowed to enter the country are not provided, the commission is opening the door for digital asset investment through the capital market.

In the same document, CNV also announced that gold ETFs are allowed to enter the capital market with the GLD ticker, as well as the S&P 500 index. Chinese stock market indexes with FXI ticker were also introduced.

The regulators hope that these innovations of law could boost passive management indices, commodities, and digital assets, which are listed abroad and not publicly offered around the territory.

Argentina’s public Bitcoin mining

Argentina, one of the countries in Latin America that allow Bitcoin for transactions, publicly showcases Bitcoin mining, which is powered by the Central Bank of Argentina (BCRA).

This Bitcoin mining installation symbolises support from the government and embraces the future of digital money through cryptocurrency. This was the first central bank to showcase Bitcoin mining.

An aggressive move is part of Argentina’s President Javier Milei’s vision to fight against hyperinflation, which skyrocketed to almost 300% in April 2024, and to drive the digital economy in the country. Since then, according to Trading Economics, the inflation rate has gradually decreased to under 200% in less than a year.

@ Newshounds News™

Source:  Crypto News

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UAE’S CENTRAL BANK APPROVES FIRST AED-BACKED STABLECOIN

The first AED-backed stablecoin has received approval from the UAE’s central bank. This marks a key change in the country’s digital currency system. The UAE central bank’s move strengthens cryptocurrency regulations and sets new rules for digital currency and stablecoin approval.

This step makes crypto transactions safer and more stable.  This stablecoin approval shows the UAE’s push toward digital currency growth.

How UAE’s First AED-Backed Stablecoin Addresses Cryptocurrency Challenges

AE Coin Launch and Implementation

AE Coin got the first license to create a UAE Dirham-linked stablecoin under new payment rules. One AE Coin equals one dirham, making it a stable payment option. Ramez Rafeek, General Manager of AED’s stablecoin, says:

“AE Coin harnesses the speed and efficiency of blockchain technology, offering instant, secure, and cost-effective transactions. It simplifies transfers, making them faster and more seamless. In a rapidly evolving digital world, AE Coin sets a new standard for trust, security, and innovation in digital currency.”

Market Growth and Transaction Patterns

UAE’s stablecoin market grew to US$9.8 billion in early 2024, up 55% from 2023. Stablecoins lead with 51% of crypto activity, more than Bitcoin and Ether combined. This growth shows trust in cryptocurrency regulations and digital money systems.

Retail and Institutional Adoption

Small transfers make up 93% of all transactions, but big institutions move most of the money. Business and institutional trades account for 74% of all value moved. The AED-backed stablecoin will likely boost these numbers by offering a safe, regulated platform.

Future Developments and Market Impact

More stablecoins are coming to UAE. Tether plans to launch its AED-backed coin in early 2025 with Green Arcon Investments Ltd and Phoenix Group PLC. This makes UAE a stronger digital currency center. The UAE central bank’s rules ensure these new tools are safe and stable.

Integration with Financial Services

The new stablecoin will change online shopping, money transfers, and decentralized finance. It gives companies and people modern banking tools while keeping traditional currency stability through cryptocurrency regulations.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

DO YOU NEED A TRUST TO EXCHANGE CURRENCY  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

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“Tidbits From TNT” Tuesday Morning 12-10-2024

TNT:

Tishwash:  UN Mission: Iraq has proven to the world that it is capable of overcoming challenges and building the future

The United Nations Assistance Mission for Iraq (UNAMI) confirmed today, Monday, that Iraq has proven to the world that it is capable of overcoming challenges and creating the future.

The mission stated in a statement issued on the occasion of Victory Day in Iraq, and received by the Iraqi News Agency (INA): "On December 10, Iraq celebrates Victory Day, in commemoration of the liberation of its lands from the control of the terrorist organization ISIS. This day represents an important national milestone in which the country recalls the great sacrifices made by the Iraqis to restore their land and establish security and stability throughout the homeland."

It added, "Victory Day, in addition to being an occasion for heartfelt congratulations, comes to emphasize the need to preserve the gains achieved thanks to the efforts of everyone here in Iraq in addition to their partners from around the world. It also represents a call for everyone to strengthen national unity and joint action for a strong Iraq capable of facing challenges and free from the tensions and conflicts that plague the region."

She continued, "On this occasion, we also appreciate the achievements made since the field victory over terrorism, and we call for continued work to rid Iraq not only of the remnants of ISIS, but also of all forms of extremism and fanaticism. We look forward to an Iraq in which everyone enjoys security, peace, respect for human rights and the rule of law, and to turning the pages of the painful past forever by promoting national reconciliation in a way that ensures the preservation of gains, focusing on what unites the word and unifies the ranks, and avoiding areas of division and division, including controversial topics that do not contribute to strengthening the unity of the fabric of society and the cohesion of its components."

She indicated that "our great hope is that the joy of victory will be complete with the return of all those forcibly displaced due to this conflict to their homes with dignity and safety and when all Iraqi citizens are returned from Al-Hol camp in northeastern Syria and integrated into society."

"In this context, we appreciate the great efforts made by the Iraqi government, with the support of the UNAMI mission and the team of United Nations organizations working in Iraq, in these files in particular," she added, noting that "the United Nations renews on this occasion its full support for Iraq, government and people, in restoring sovereignty and full control over its territories and achieving stability and sustainable development."

The mission concluded its statement by saying, "Iraq has proven to the world that it is capable, with the solidarity of its people, of overcoming challenges and creating a brighter and more prosperous future for all its citizens."   link

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Tishwash:  Iraq signs MoUs with 15 Greek companies to invest in various sectors

The Ministry of Trade explained, on Monday, the importance of resuming the meetings of the Iraqi-Greek Joint Committee, while the Federation of Iraqi Chambers of Commerce indicated the signing of memoranda of understanding with 15 Greek companies to invest in various sectors.

The administrative undersecretary of the ministry, Sattar Al-Jaberi, said in a speech during the Iraqi-Greek Business Forum, which was attended by the correspondent of the Iraqi News Agency (INA): "The participation of the Greek delegation, which includes representatives from the government sector and an elite of businessmen and investors in this important forum, constitutes a valuable opportunity to enhance economic and trade relations between the two countries and consolidate the bonds of joint dealing."

He added that "this important forum, held under the auspices of the Iraqi Ministry of Trade and with direct support from the Minister of Trade, aims to support and develop trade and economic relations with friendly countries, including the Republic of Greece," praising "the pioneering role played by the Federation of Iraqi Chambers of Commerce, headed by Abdul Razzaq Al-Zuhairi, in building international cooperation and creating a supportive environment for businessmen."

He pointed out "the efforts made by the Ministry of Trade, represented by its various institutions and the Director General of Economic Relations, to activate the joint economic and trade committees with brotherly and friendly countries."

He stressed "the importance of resuming the meetings of the Iraqi-Greek Joint Committee, which have not been held since 2000, as a necessary step to develop cooperation in various economic and trade fields in a way that achieves the common interests of the two countries."
 
He called on "the Greek delegation to participate actively in the next course of Baghdad International Fair, which is a unique platform for showcasing investment and trade opportunities and enhancing communication between Iraqi and Greek businessmen."

For his part, the head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi, confirmed during the conference: "We signed many memoranda of understanding with countries around the world, including 15 major Greek companies to work in various sectors including (construction, building, health and agriculture), indicating that "this forum is positive and reflects a good image of Iraq to the world that it is healthy and does not resemble yesterday."

He continued, "The purpose of the conferences or meetings is to create continuous work with our Greek partners to invest and work inside Iraq," expressing his "thanks to the government with its legislative and executive authorities for supporting the Federation of Chambers of Commerce, which represents the largest segment."   link

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Tishwash:  Will the local market be affected by the events in Syria? A detailed Iraqi view of the scene

The economic expert, Abdul Rahman Al Mashhadani, presented a detailed vision of the possibility of the local market being affected by the events in Syria after the fall of Syrian President Bashar Al Assad.

Al-Mashhadani ruled out via {Al-Furat News}: "The Iraqi market was greatly affected by the events in Syria because trade with Syria was greatly reduced after the sanctions imposed by America on banks," noting that "there are alternatives to Syrian products, as imports from them were mainly fruits and vegetables."

He expected that "there will be a positive impact on the dollar and that the value of the Iraqi dinar will improve in the coming period, and if the American sanctions on Syria are eased, it will have a positive impact, considering that it was one of the links in the sanctions."

Al-Mashhadani explained that "the American position towards the events in Syria is positive and there is clear support, as evidenced by the fact that the American side is thinking of removing the names of terrorist organizations from the so-called front that entered Damascus, which will lead to flexibility in commercial dealings."

He stressed that "the situation in general needs time for things to stabilize and for the borders to reopen."

The dollar exchange rate against the dinar decreased on Monday afternoon in Baghdad markets, coinciding with the closing of the stock exchange.

The dollar exchange rate reached 150,700 dinars for $100 at the close of the Al-Kifah and Al-Harithiya stock exchanges, while this morning it recorded 151,000 dinars for $100.
The selling price in exchange shops in the local markets in Baghdad was 151,750 dinars for $100, while the purchase price was 149,750 dinars for $100.  link

Mot: Gots to Love ole ""Earl""  

Mot: Sad Christmas Tree 

MilitiaMan & Crew-Iraq Dinar News-Partnerships with Private Sector--World Bank-IMF-Article 12 C-3000 Contracts

MilitiaMan & Crew-Iraq Dinar News-Partnerships with Private Sector--World Bank-IMF-Article 12 C-3000 Contracts

12-9-2024

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=ux_g9tT1xBM

Iraq Economic News and Points to Ponder Monday Afternoon 12-9-24

Stability of The Dollar Exchange Rate In Local Markets

Monday 09 December 2024 14:05 | Economic Number of readings: 110

Baghdad / NINA / The dollar exchange rates witnessed stability this Monday morning in the local markets in the capital, Baghdad, Basra and Erbil. The exchange rates today were as follows:

$100 = 151,500 dinars in Baghdad    $100 = 151,500 dinars in Erbil    $100 = 151,000 dinars in Basra.

https://ninanews.com/Website/News/Details?key=1173683 

The United Nations Renews Its Full Support For Iraq In Restoring Its Sovereignty And Full Control Over Its Territory

Monday 09 December 2024 20:53 | Politics Number of readings: 108 Baghdad/ NINA /The United Nations mission renewed its full support for the Iraqi government and people in regaining sovereignty and full control over its territories and achieving stability and sustainable development.

The mission stated in a statement issued on the occasion of Victory Day that "On December 10, Iraq celebrates Victory Day, in commemoration of the liberation of its lands from the control of the terrorist organization ISIS.

The statement indicated that "this day represents an important national milestone in which the country recalls the great sacrifices made by the Iraqis to restore their land and establish security and stability throughout the homeland.

" It added, "Victory Day, in addition to being an occasion for heartfelt congratulations, comes to emphasize the need to preserve the gains achieved thanks to the efforts of everyone here in Iraq in addition to their partners from around the world. It also represents a call for everyone to strengthen national unity and joint action for a strong Iraq capable of facing challenges and free from the tensions and conflicts that are plaguing the region."

It continued, "On this occasion, we also appreciate the achievements made since the field victory over terrorism, and call for continued work to rid Iraq not only of the remnants of ISIS, but also of all forms of extremism and fanaticism. We look forward to an Iraq in which everyone enjoys security, peace, respect for human rights and the rule of law, and to turning the pages of the painful past forever by promoting reconciliation."

" Nationalism, ensuring the preservation of gains, focusing on what unites the word and unifies the ranks, and staying away from areas of division and division, including controversial topics that do not contribute to strengthening the unity of the fabric of society and the cohesion of its components."

She said, "Our hope is great that the joy of victory will be complete with the return of all those forcibly displaced due to this conflict to their homes with dignity and safety, and when all Iraqi citizens are returned from Al-Hol camp in northeastern Syria and integrated into society.

She appreciated the great efforts made by the Iraqi government, with the support of the UNAMI mission and the team of United Nations organizations working in Iraq, in these files in particular. "Iraq has proven to the world that it is capable, with the solidarity of its people, of overcoming challenges and creating a brighter and more prosperous future for all its citizens." / End

https://ninanews.com/Website/News/Details?key=1173769

Nechirvan Barzani Meets World Leaders In Paris, Most Notably Trump And Macron

The President of the Kurdistan Region, Nechirvan Barzani, met with world leaders on the sidelines of the reopening ceremony of Notre Dame Cathedral in the French capital, Paris.

According to photos published by the presidency of the region, the most prominent leaders that President Nechirvan Barzani met with were: French President Emmanuel Macron, US President-elect Donald Trump, and American billionaire and businessman Elon Musk.

In response to an official invitation from French President Emmanuel Macron, Nechirvan Barzani, President of the Kurdistan Region, participated yesterday evening, Saturday, along with a number of world leaders and presidents, in the reopening ceremony of the historic Notre Dame Cathedral in Paris. https://www.radionawa.com/all-detail.aspx?jimare=40518

Basra Oil Records A Significant Increase

Energy  Economy News - Follow-up The prices of Basra Heavy and Medium crude oil have recorded a significant increase, coinciding with the increase in global oil prices.

Basra Heavy crude prices rose by 14 cents to $67.37 a barrel, while Basra Medium crude prices rose by the same amount to $70.54 a barrel. 115 views  Added 12/09/2024 - 9:54 AM   https://economy-news.net/content.php?id=50678

Minister Of Communications: We Launched Free Internet Service For Schools

Iraqi school Money and business Economy News – Baghdad Minister of Communications Hiyam Al-Yasiri announced on Monday the launch of a free internet service for schools.

Al-Yasiri said in a statement, which was reviewed by "Al-Eqtisad News", that "the Ministry of Communications, represented by the General Company for Communications and Information Technology, has obligated Earthlink, as the largest internet service provider in Iraq, to ​​provide schools with free internet via FTTH optical cable."

She added, "This came in implementation of the National Service Government and the Ministry of Communications program to provide subsidized internet to schools, and to achieve the government's priorities in digital transformation and keeping pace with technological development and the artificial intelligence revolution." Views 46  12/09/2024  https://economy-news.net/content.php?id=50706

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

Seeds of Wisdom RV and Economic Updates Monday Evening 12-09-24

Good Evening Dinar Recaps,

CRYPTO INDUSTRY FRUSTRATED OVER POSSIBILITY OF SEC COMMISSIONER CAROLINE CRENSHAW’S RENOMINATION

Coinbase COO Emilie Choi called Caroline Crenshaw, one of two SEC commissioners to oppose Bitcoin ETFs, 'anti-crypto.'

On Dec 11, the U.S. Senate Banking Committee will decide whether to renominate Caroline Crenshaw, a Democrat Securities and Exchange Commission (SEC) commissioner. Crenshaw has always been a staunch critic of cryptocurrencies and the crypto community is not happy with the prospect of her re-election.

Crenshaw is ‘anti-crypto,’ says Coinbase COO

Crenshaw, who was sworn into her role in August 2020, was one of two SEC commissioners who opposed the approval of spot Bitcoin exchange-traded funds (ETFs) in January. In her letter dissenting from the SEC’s decision, which Crenshaw called “unsound and ahistorical,” she wrote:

“I fear that today we are setting ourselves up for tomorrow’s failure, and it will be the investors that we have a duty to protect who will ultimately pay the price.”

SEC commissioner, Jaime Lizárraga, the only other SEC commissioner who voted against Bitcoin ETFs, did not add his name to her letter.

According to James Seyffart, a Bloomberg ETF analyst, Crenshaw was even “more vehemently anti-crypto” than SEC chair Gary Gensler, who has been called “evil” himself. In fact, she served as more than “just an ally to Gensler,” Seyffart wrote in an X post earlier this week.

In a Dec. 7 X post, Coinbase president and COO Emilie Choi wrote:

“Caroline Crenshaw is anti-crypto. She even embarrassingly opposed Bitcoin ETFs. The SEC has to change.”

Given Crenshaw’s widely-known opinions against crypto, the community is frustrated with the upcoming vote on Wednesday.

Alexander Grieve, vice president of government affairs at crypto investment firm Paradigm, called it “one last “gift” for crypto” that Democrat Senate Banking Chair Sherrod Brown is “trying to ram through” before he gives up his chair.

If the Senate vote passes, Crenshaw will hold on to her position in the SEC till 2029. However, if she’s not confirmed by the Senate, president-elect Donald Trump will be free to nominate someone as replacement.

Austin Campbell, CEO of digital payments firm WSPN, wrote in an X post:

“I will remind all Democrats that Caroline Crenshaw voted that the SEC should disobey a Federal judge, break the law, and instead reject BTC ETFs after being ordered to approve them by a court.”

Trump’s SEC chair pick has received the crypto community’s approval

Earlier this week, Trump appointed Paul Atkins, a former SEC commissioner known for being pro-crypto, to be the next SEC chief. The crypto industry welcomed the news with open arms.

Atkins, who served as a Republican SEC commissioner from 2002 to 2008, is expected to take a much more lenient approach to regulating crypto than Gensler. Atkins is known for his advocacy of free-market principles and investor protection and his focus on clarifying complex financial markets.

Atkins’ nomination. is “sorely needed and cannot come a day too soon,” Coinbase chief legal officer Paul Grewal said in an X post.

@ Newshounds News™

Source:  Crypto Slate

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BRICS NEWS: BRICS & US MAY BE SET TO RACE FOR BITCOIN SUPREMACY IN 2025

With the asset class gaining significant attention over the course of the year, both BRICS and the US could be set to race for Bitcoin supremacy in 2025. Indeed, the economic alliance has discussed its interest in integrating the leading asset. Moreover, with the return of Donald Trump to the White House, the United States is looking to emerge as a global leader.

In a recent interview, Eric Trump reiterated these hopes. He explained the path that the US has toward becoming a cryptocurrency superpower. 

Yet, the incoming presidential administration is certainly not alone in those aspirations. His position regarding BTC has mirrored those that Russian President Vladimir Putin has shared in recent weeks.

BRICS & US Face Off in Bitcoin Race: Who Will Become Global Leader?

Bitcoin is certainly having its moment this year. The token is leading an emerging asset class, as it reached a six-figure price for the first time in history last month. Moreover, it became the first crypto-based ETF in the United States, opening the door to increased institutional investment and interest.

Amid its rise, all eyes are on exposure. Businesses are looking into the acquisition of crypto, but so too are countries. With no established global leader, both BRICS and the US could be set to engage in a race for Bitcoin supremacy in 2025.

Speaking to CNBC, Eric Trump noted that “sensible” regulation may be the only thing standing between the United States and a position as a cryptocurrency superpower. Moreover, he noted President-elect Donald Trump has all intentions to “make America the crypto capital of the world.”

Well, they are certainly not the only thing. With Russia loosening its ban on cryptocurrency earlier this year, BRICS may be looking to increase adoption. Specifically, they have sought to use the asset class in trade and have noted belief in its potential.

As the country has just voted to classify crypto as property, Putin has discussed the leading asset. When talking about foreign exchange reserves, the president questioned their necessity if they could be confiscated for political purposes. Specifically, Putin seemed to be alluding to Western sanctions that froze $300 billion in Russian reserves.

But that isn’t the same with Bitcoin. “Who can prohibit it? No one,” he said about the token. That seems to indicate that both BRICS and the US are set to explore the asset class in greater measures this year. That could have them on a collision course for status, with Bitcoin only gaining in the process.

@ Newshounds News™

Source:  Watcher Guru

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IS YOUR CRYPTO WALLET AS SAFE AS YOU THINK?  |  Youtube

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

 ~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Seeds of Wisdom Team™ Newsletter

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You Can Make Drastic Cuts, But the U.S. Still Faces This One Huge Problem

You Can Make Drastic Cuts, But the U.S. Still Faces This One Huge Problem

Daniela Cambone:  12-9-2024

"The snowball on the debt through the interest rates and the interest cost on the national debt is growing so fast that even drastic measures won't make it disappear," warns Joseph Brown, host of Heresy Financial.

In this discussion, he delves into the pressing debt issues facing the U.S. and explains why owning tangible assets like gold is imperative as a hedge against the devaluation of fiat currencies.

Brown also highlights the success of Javier Milei's reforms in Argentina, emphasizing how reducing government size and slashing spending curbed inflation and sparked economic improvement: "What Argentina shows us is that by slashing government spending and deregulating, you free up resources, and the economy can start to boom again."

CHAPTERS:

00:00 Javier Milei's policy

4:32 Argentina economy

6:21 Government spending cuts

8:03 RFK Jr.'s health initiative

 9:07 Bitcoin

12:40 U.S. debt

 16:08 Gold

18:23 Money printing

21:02 Financial reset

23:23 Concluding words

https://www.youtube.com/watch?v=LPAHv4MLDVc

Iraq News Highlights and Points to Ponder Monday Afternoon 12-9-24

$10 Billion Cash Flows Into Bitcoin Funds Since Trump Win

Money and business   Economy News - Follow-up US exchange-traded funds that invest directly in Bitcoin have inflowed nearly $10 billion since Donald Trump won the US election.

This comes in a bet that his embrace of the crypto sector heralds a boom in the market.

The 10 issuers, including BlackRock and Fidelity Investments, attracted about $9.9 billion in net inflows in the period following Election Day on Nov. 5, according to a report published by Bloomberg

Last week, Trump tapped a digital asset advocate to be the head of the U.S. Securities and Exchange Commission, and appointed the first White House czar for artificial intelligence and cryptocurrencies.

Trump has pledged to replace the Biden administration’s skepticism about digital assets with supportive rules, even backing the idea of ​​a national strategic reserve for Bitcoin.

Bitcoin hits record high

Bitcoin crossed the $100,000 mark for the first time on December 5.

The cryptocurrency's six-week winning streak is the longest since the cryptocurrency's wild rallies of 2021

Bitcoin has been hit by volatility a day after the currency hit a historic high of $100,000.

The volatility briefly sent the largest digital asset down to around $92,000, a drop that sparked some caution.

A “sustainable and decisive” push past $100,000 may require more positive catalysts to emerge, David Lawant, head of research at major crypto broker FalconX, wrote in a note.

83 views Added 12/09/2024 - 10:10 AM https://economy-news.net/content.php?id=50679

Iraq Rises To Third Place In The Arab World In Gold Reserves After Lebanon Leaves The List

Money and business    Economy News – Baghdad  The World Gold Council announced today, Monday, that Iraq has risen to third place in the Arab world after Saudi Arabia and Algeria, and 28th globally on the list of the 100 largest countries in terms of gold reserves, after Lebanon was removed from the classification.

According to the latest report published by the Council in December 2024, which was reviewed by Al-Eqtisad News, Iraq’s gold holdings rose to 152.7 tons, up from 152.5 tons last month.

These holdings constitute 11.5% of its total other reserves, ranking it third in the Arab world.

The Council pointed out that "the United States of America continues to top the list of the largest gold holdings in the world, with 8,133.5 tons, followed by Germany with 3,351.5 tons, then Italy with 2,814 tons. Bosnia and Herzegovina came at the bottom of the list with 1.5 tons."

The Council did not mention the reason for Lebanon’s exit from the list, after it had been ranked third in the Arab world, as its reserves in the previous month amounted to 286.8 tons.

The World Gold Council is based in the United Kingdom and has extensive experience in understanding the factors affecting the gold market. The Council includes the largest gold mining companies in the world. Views 26 Added 12/09/2024 - 1:24 PM https://economy-news.net/content.php?id=50686

Parliamentary Committee Criticizes Dollar Selling Platform: It Has Many Problems And Suspicions Of Corruption

2024-12-09 | Sumerian News – Local Criticized Deputy president Committee Strategic Planning and Federal Service Mohammed Al-Baldawi, Central Bank PlatformI raqiTo sell the dollar, while he pointed out that there are professional groups in fraud the law.

Al-Baldawi said in an interview with Sumaria News, "The platform for selling Dollar The transfer operations are plagued by many problems and suspicions of corruption.  Pointing"Today, a new mechanism for transfer within the Central Bank has begun. Iraqi And its affiliated banks and institutions in order to simplify procedures for citizens, especially those who wish to travel outside the country for treatment or study.

He pointed out that "these procedures are supposed to move forward to reduce the lengthy procedures and we see them as good, but today they need continuous follow-up, review, evaluation process and then evaluation of the performance of institutions because there are professional groups to introduce fraud and deception into the law Through groups, we saw this through cards and the platform.

He added: “We hope that this method and procedures will be easy for citizens and will ensure the preservation of foreign currency, as well as finding ways and outlets to facilitate procedures and provide what citizens need for travel, treatment and study.” LINK

Advantages Of The Modern Electronic Ration Card

Monday,09-12-2024,AM 11:36 Taisir Al-Asadi  The Ministry of Commerce noted the achievement of advanced rates in updating the electronic card in Wasit Governorate after a week of updating operations in the governorate’s regions.

She pointed out the launch of a registration application to update citizens’ data for the ration card, as the program requests four determinants: the ration card number, the ration center number, the agency number for the food agent, and the agency number for the flour agent.

After that, the citizen logs in to create his own account, then a message is sent to the citizen’s phone number, including the username and password, and then the update begins from the same system.

The ministry’s spokesman, Mohammed Hanoun, confirmed in a statement that: “The data update operations for the electronic ration card in Wasit Governorate are proceeding smoothly and with broad participation from the governorate’s residents,” noting that “the update rate has reached 33%, while the number of updated individuals has reached 524,270 individuals, and the number of updated families has reached 114,505 families.”

Hanoun said, “The Citizen Program will also help citizens submit their transactions from their homes without the need to visit the supply branch departments. These services will be paid for electronically, such as adding a child, adding an individual, adding a family, deleting, blocking, or unblocking, and other activities. The data update process will be accompanied by a media campaign to educate citizens and train them on how to use the applications on their mobile phones.” https://non14.net/public/172708

Integrity Commission Discloses Its Activities In The Field Of Disclosure Of Assets And Money Inflation For The Month Of October

Security |Today, Baghdad Today – Baghdad  The Federal Integrity Commission revealed, today, Monday (December 9, 2024), all of its activities in the field of disclosure of assets and the inflation of funds for taxpayers during last October.

The Commission stated in a statement received by "Baghdad Today" that "the number of taxpayers who disclosed their financial liabilities reached (1740) taxpayers, while the number of forms that the Prevention Department in the Commission audited to investigate the existence of inflation in funds during the same period reached (95) forms, noting that one of the taxpayers was referred to the Investigations Department and the Supreme Commission for Combating Corruption."

She added that "violations were discovered regarding the issue of conflict of interest among (16) taxpayers out of (100) taxpayers from various government agencies that were investigated and investigated through (151) visits."

She pointed out that "the Performance and Professional Conduct Department made (79) visits to (64) government departments to follow up on performance and professional conduct, e-governance procedures, comprehensive digital transformation, and the transparency and public money protection program."  LINK

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IRAN MOVES TO REGULATE CRYPTO INSTEAD OF IMPOSING LIMITS: REPORT

Iran’s finance minister said the country’s government plans to regulate cryptocurrencies instead of limiting their usage.

The Iranian government is looking to embrace crypto assets by adding more regulations instead of outright restrictions, its Minister of Economic Affairs and Finance Abdolnaser Hemmati said.

According to a report from Iran’s state-run news agency Nour News, Hemmati said during a national event on Saturday that the government aims to eliminate the negative impacts of cryptocurrency on the economy, and leverage its positive effects. The minister added that digital money falls under the jurisdiction of the Iranian central bank.

Hemmati said he hopes to see cryptocurrencies used to boost youth employment in Iran, help counter U.S. sanctions and align the country’s activities with the global economy.

On the same day as Hemmati’s speech, the Central Bank of Iran published a new document that summarized its arrangement for upcoming policies on cryptocurrencies, Nour News reported. The upcoming policies aim to support crypto traders to comply with local tax and anti-money laundering laws, according to the report.

Iranian investors currently hold an estimated $30 billion to $50 billion worth of crypto assets, the report said, citing economist Mohammad Sadegh Alhosseini. This is roughly equivalent to a third of the entire gold market in the country, according to the expert.

The announcement from the Iranian government comes as U.S. President-elect Donald Trump builds anticipation for a positive regulatory environment for cryptocurrencies.

Since his reelection last month, Trump has appointed several pro-crypto candidates to spearhead various efforts during his upcoming term, recently naming long-time crypto supporter Paul Atkins to head the Securities and Exchange Commission.

@ Newshounds News™

Source:  The Block

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CZECH REPUBLIC IS NOW CRYPTO-FRIENDLY! HERE’S WHAT CHANGED

The Czech Republic has introduced new crypto-friendly laws, making it easier for crypto businesses to operate in the country.

These laws include easier access to bank accounts for crypto businesses and a three-year tax exemption on crypto investments.

These reforms aim to attract more crypto businesses to the Czech Republic and prevent them from moving to other countries.

The Czech Republic has made the news headlines with bold new crypto regulations aimed at transforming the sector. These changes address long-standing challenges for crypto businesses and could make the country a hotspot for digital asset innovation.

Crypto Firms Finally Get a Break

Crypto businesses in the Czech Republic have long struggled to open bank accounts due to skepticism from financial institutions. Banks, wary of crypto’s volatility, often denied these businesses basic banking services, making operations incredibly challenging.

That’s about to change. The new reforms will make it easier for crypto companies to access banking services, removing a major barrier to growth. This shift could pave the way for smoother operations and attract more businesses to the Czech market.

A Tax Break to Boost Investments

But wait, there’s more. A three-year tax exemption for crypto investments has also been introduced. This means that profits from crypto will be treated just like profits from stocks. So, crypto businesses can breathe a little easier, knowing they’re now on the same playing field as more traditional investments. It’s a big win, and it’s meant to make the Czech market way more attractive to investors—both local and international.

Why Act Now? The Clock’s Ticking

Deputy Speaker Jan Skopeček explained the need for swift action, emphasizing that the government had to act now to retain crypto businesses. Without these changes, many companies could relocate to countries with more favorable crypto laws, leading to economic losses.

The urgency also ties to the European Union’s upcoming Markets in Crypto Assets (MiCA) regulation. While MiCA aims to harmonize crypto rules across the EU, its rollout has caused uncertainty. Many companies are still awaiting approvals or navigating compliance challenges, and some have already left Europe or modified their operations to align with the evolving rules.

The Road Ahead Is Not Easy

These reforms show the Czech Republic’s determination to stay ahead in the digital revolution. By easing banking access and offering tax incentives, the country is positioning itself as a more attractive hub for crypto firms.

However, challenges remain.  While the reforms are promising, businesses may still encounter unexpected hurdles as the new policies are implemented. The coming months will reveal whether the Czech Republic can truly establish itself as a crypto-friendly destination.

@ Newshounds News™

Source:  Coinpedia

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Are European Central Banks Secretly Moving Toward a Gold Standard?

Are European Central Banks Secretly Moving Toward a Gold Standard?

APMEX:  12-8-2024

Gold has been an integral part of Europe’s financial landscape for centuries, underpinning economies and serving as a symbol of wealth and stability. From the era of the gold standard to contemporary monetary policies, gold has consistently captured the interest of economists and investors alike.

Recently, a noteworthy trend has emerged, prompting renewed speculation about gold’s role in the region’s financial future: European central banks appear to be targeting gold reserves equal to 4% of their GDP. This article explores the implications of this shift, the motivations behind it, and its potential impact on investors and the global economy.

Historically, gold has been the bedrock of monetary systems, particularly during the gold standard era, where currencies were directly tied to gold reserves.

While the abandonment of the gold standard allowed for more flexible monetary policies, the importance of gold as a safe-haven asset has never diminished. In recent years, central banks, particularly in Europe, have begun to reconsider their gold holdings as part of their broader monetary strategy.

The focus on achieving gold reserves equivalent to 4% of GDP is not merely a coincidence; it is rooted in various geopolitical and economic factors. Some analysts speculate that European nations might be preparing for a strategic pivot back to a gold-backed currency.

This theory gained traction following statements from financial leaders, including Poland’s former Minister of Finance, who suggested that increasing gold reserves could bolster economic sovereignty amid an increasingly unpredictable global economy.

Countries like France, Italy, and the Netherlands have shown a marked increase in their gold reserves and have reportedly started to view gold as a strategic asset for future financial stability. The reasoning is clear: in a world fraught with economic volatility and inflationary pressures, gold offers a hedge against currency devaluation and inflation, acting as a safeguard for national wealth.

The recent spikes in inflation rates across Europe, exacerbated by supply chain disruptions and geopolitical tensions, have led many central banks to re-evaluate their asset allocations. In an environment where fiat currencies face the threat of devaluation, gold emerges as a reliable store of value. Unlike fiat currencies, which can be printed at will, gold’s limited supply makes it an attractive hedge against inflation.

The push to maintain gold reserves at around 4% of GDP could be seen as a proactive step to ensure that European economies remain resilient against potential economic shocks. By diversifying their reserves and increasing exposure to gold, central banks aim to foster greater financial security and stability.

The shift towards increasing gold reserves by European central banks signals a potential strategic pivot in financial policy—either as a preparation for a hypothetical return to a gold-backed currency or as a prudent hedge against inflation.

Whichever the case may be, this trend demands attention from both policymakers and investors. As Europe navigates an increasingly complex economic landscape, gold once again finds itself at the forefront of financial strategy, reminding us of its enduring legacy as a symbol of stability and security in an ever-changing world.

Investors would do well to watch these developments closely, as they could shape investment strategies and economic policies for years to come.

Watch the video below from APMEX for further insights and information.

https://youtu.be/Bs7AOSAAiyQ