Seeds of Wisdom RV and Economic Updates Wednesday Evening 10-16-24

Good Evening Dinar Recaps,

RIPPLE AND INTERNATIONAL RESCUE COMMITTEE INNOVATE CASH RELIEF AND CROSS-BORDER AID WITH XRP LEDGER

▪️Ripple Labs has committed a multi-year $1 million aid to the IRC.
▪️The partnership will seek to leverage XRP Ledger and RLUSD in scaling aid delivery.

American blockchain payments firm Ripple Labs Inc. announced that it recently partnered with the International Rescue Committee (IRC). The partnership aims to explore how Ripple’s affiliated XRP Ledger (XRPL) and its pending RLUSD stablecoin can facilitate humanitarian aid.

Through the partnership, Ripple will help vulnerable communities access critical resources quickly and securely. While Ripple brings its full suite of payment solutions, IRC will contribute its years of experience in humanitarian relief.

Ripple Pledges Commitment to Community-Focused Initiatives
IRC is one of the world’s most trusted humanitarian organizations, assisting individuals affected by crises to survive, recover, and rebuild their lives. To support IRC’s humanitarian efforts, Ripple has pledged a $1 million multi-year commitment to help the organization.

This financing highlights their collaborative efforts to investigate blockchain technology in cross-border funds transfers and cash relief initiatives. The partnership also explores Ripple’s global payments network and open-sourced solutions created on XRP Ledger.

The partnership will see Ripple and IRC combine their expertise to transform aid delivery at scale. Ripple is already an established leader in compliant blockchain and cross-border payments. On the other hand, IRC has delivered humanitarian aid across over 40 countries, releasing over $70 million in cash and relief vouchers.

The partnership marks a key milestone in Ripple’s mission to leverage blockchain technology for positive global impact.

Eric van Miltenburg, SVP of Strategic Initiatives at Ripple, commented;

We look forward to learning from the IRC’s deep experience in delivering aid on the ground, which will help Ripple support humanitarian efforts at scale.

David Miliband, President and CEO of the International Rescue Committee, added, “We’re excited to partner with Ripple to explore how their technology, like stablecoins, can enhance the speed and efficiency of cash relief, particularly in regions with limited access to traditional banking infrastructure in times of crisis.”

Ripple Labs Contribution to Charity
In a recent report, the United Nations (UN) revealed 360 million people require aid amid growing global crises. Thus, the recent collaboration aims to explore Ripple’s blockchain-based solutions to enhance the speed, security, and accessibility of aid delivery. This partnership comes shortly after the United Nations Capital Development Fund (UNCDF) endorsed Ripple as a key player in a new global payments network.

It is worth noting that Ripple has supported numerous humanitarian organizations in expanding financial inclusion through its Impact program. This program supports initiatives to drive a more sustainable and economically inclusive financial system.

Ripple has donated $170 million since 2018, and its NGO partners currently operate in more than 80 countries. Moreover, the firm recently contributed $250,000 to Hurricanes Milton and Helene’s relief efforts. These contributions underscore the firm’s commitment to community-focused initiatives.

@ Newshounds News™

Source:  Crypto News Flash 

~~~~~~~~~

MOONPAY PARTNERS WITH RIPPLE FOR SEAMLESS XRP BUYING AND STORAGE IN-APP

MoonPay recently announced a partnership with Ripple, allowing users to buy, manage, and store XRP directly through the MoonPay app. This integration also marks the launch of RLUSD, Ripple’s dollar-pegged stablecoin, which Ripple Labs developed in collaboration with platforms like Uphold, Bitstamp, Bitso, Independent Reserve, CoinMENA, and Bullish.

MoonPay wrote on X, “In partnership with  @Ripple , you can now buy, store, and manage your $XRP directly within your MoonPay account.  Whether you’re a new recruit or a loyal soldier, welcome home.”

In an interview with The Paul Barron Network, MoonPay CEO Ivan Soto-Wright stressed MoonPay’s dedication to simplifying crypto adoption by reducing the friction involved in onboarding new users. The primary goal is to make crypto wallets as accessible and user-friendly as traditional bank accounts.

MoonPay aims to offer a seamless experience for users, allowing them to easily move funds into their wallets with minimal hassle.

One of MoonPay’s innovations is a “one-tap” process, especially for returning customers who have already completed the Know Your Customer (KYC) process. Although onboarding might involve initial steps like KYC and biometric ID verification, this process streamlines future transactions.

Soto-Wright compares this approach to the early days of PayPal, which was initially challenging but evolved into a highly trusted platform. MoonPay’s streamlined experience seeks to bring similar ease and trust to the crypto ecosystem, preparing it for broader adoption by 2025.

He added that 2024 has been a breakthrough year for MoonPay’s product development. “We essentially revamped all our existing products, rebuilding them from scratch to ensure a top-notch user experience,” he explained. The goal was to create a seamless and polished interface, much like Apple Pay, to make the platform intuitive and free of glitches.

@ Newshounds News™

Source:  CoinPedia   

~~~~~~~~~

ESMA PUSHES FOR STRICTER CRYPTO REGULATION, PROPOSING MANDATORY CYBER AUDITS

ESMA urges tighter crypto regulation, proposing external cybersecurity audits amid rising cyberattacks.

The European Securities and Markets Authority (ESMA) urged lawmakers in Brussels to tighten crypto regulation, pushing for external audits of cyber defenses among crypto companies.

ESMA stated that such measures were critical to safeguarding consumer interests, as cyberattacks on the crypto industry have risen dramatically in recent years.

ESMA Seeks EU Crypto Regulation And Call for Cybersecurity Audits
According to an exclusive Wednesday report from the Financial Times, ESMA’s proposal seeks to amend the Markets in Crypto-Assets Regulation (MiCA), the European Union’s (EU) comprehensive crypto regulatory framework, which is set to fully take effect in December 2024.

MiCA intends to bring clarity and protection to the largely unregulated crypto sector. The sector has been plagued by several scandals, most notably the infamous collapse of the FTX exchange.

As part of its recommendations, ESMA has proposed that crypto companies be required to conduct third-party audits of their systems to identify potential vulnerabilities.

These heightened concerns arise as the proposal comes at a time when regulators are increasingly worried about the sector’s growing susceptibility to cyberattacks.

In the first half of 2024, over $1.5 billion was stolen from crypto platforms. This represents an 84% increase over the same period in 2023, highlighting the urgency for cybersecurity reforms.

However, the European Commission has pushed back against ESMA’s proposal, suggesting that it oversteps the scope of MiCA.

While ESMA declined to comment, critics argue that stricter rules are necessary given the escalating threat of cyberattacks targeting crypto companies.

In recent years, several high-profile crypto hacks have occurred. In September, $45 million was stolen from the Singapore-based exchange BingX, while $230 million was drained from Indian exchange WazirX in July.

Such incidents further highlight the ongoing demand for stronger security protocols across the crypto industry.

“Security is not something you can take lightly,” commented Charles Kerrigan, a partner at CMS law firm.

He emphasized the need for crypto ventures to invest in robust cybersecurity measures to prevent such breaches.

Global Regulatory Pressure Builds Amid Regulation Concerns
The EU’s MiCA regulation already requires crypto companies to obtain a license by complying with new rules, including anti-money laundering controls and ensuring senior executives meet “fit and proper” standards.

But as crypto exchanges continue to fall victim to sophisticated cyberattacks, regulators are now calling for more proactive measures.

In addition to ESMA’s push for stricter cybersecurity oversight, the European Parliamentary Research Service (EPRS) recently called for greater regulation beyond EU borders.

The EPRS report emphasized the risks posed by lax cybersecurity measures in non-EU jurisdictions, particularly in the U.S., where crypto regulation is highly fragmented.

As MiCA moves closer to full implementation, it is still unclear whether the EU will adopt ESMA’s recommendations for mandatory external audits.

The call for enhanced security standards aligns with ongoing efforts worldwide to increase regulation of the cryptocurrency industry.

@ Newshounds News™

Source:  Crypto News 

~~~~~~~~~

AUDIO REPLAY BOB LOCK: OCT 16, 2024 | Youtube

Bob Lock discusses his new book, "Managing sudden wealth through smart team building" as well as what the future might bring with a new financial system and ways to protect yourself with a possible stock market crash and/or bank failure.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

FRANK26….10-16-24……TIME IS SHORT

KTFA

Wednesday Night Conference Call

FRANK26….10-16-24……TIME IS SHORT….

This video is in Frank’s and his team’s opinion only

Frank has stated he will no longer do public videos on the Iraqi dinar UNLESS it is Important, Prudent or Necessary.  

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=oqmt4tOd_TQ

Wednesday Evening Chat With MarkZ 10-16-2024

Wednesday Evening Chat With MarkZ

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member Good evening one and all…

Member:  Fingers crossed for some great news tonight

Member: Mike Bara thinks tomorrow RV in Iraq

MZ: I don’t think it’s quite that soon ….but it could be.

Member: mike thinks dinar goes first that why he said that

MZ: Slim news coming out of Iraq today. But this is a good one….“Erbil provides Baghdad’s Treasury  with  77 billion dinars”  this means look for that  HCL (Hydro Carbon Law) at any moment….They are trying to keep things under wraps till they pull the trigger…. But they are behaving like it’s already done

MZ: Still quiet on the bond news….They are still expecting funds this week…They are still aggregating stuff like German bonds and updating info on Asian bonds….I am not seeing money flowing yet.

Member: Rumors from TNT Tony : RV was supposed to happen on Sat. Tony says there’s not going to be a war over there. The banks have a date and time. It’s between now and Sunday. Could be two hours after this call.

Member: They also say only 10 days to exchange Zim

MZ: that would surprise me……but, I would be ok with that. What I heard is would have 30 days to exchange the Zim…but feel we should all get it done as quickly as possible

Member: just give me the 1st appointment and show me the money honey!

MZ: I am still hearing $30-$50 million US per each 100T Note.

MZ: Still hearing the same thing on the VND $2.25 to $2.50 or so.

Member: Mike Bara said some bonds being paid

Member” Any news confirming Tiers 1&2 have full payments

Member: will you be able to share the 800 number with us for us to make appointments??

MZ: I was told there will be more than one 800 number …not just one single magical 800 number

Member: I went to my bank today. There system was down. I ask what now? She said who knows?  we are all sitting on pins and needles

Member: Sounds like everyone is ready to go at a moments notice….Let’s hope they pull that trigger soon.

Member: good night and God bless.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube:     https://www.youtube.com/watch?v=38JMKkeCUjM

Bruce’s Big Call Dinar Intel Tuesday Night 10-15-24

Bruce’s Big Call Dinar Intel Tuesday Night 10-15-24 

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It's Tuesday, October 15th  and you're listening to the big call. Thanks everybody for joining us tonight, wherever you are, all around the globe. Thank you Satellite team working hard to get our signal out to so many countries around the world in their own language and of course a lot of them were listening to it in English. A lot of people are catching it in their own native tongue. So, that's a wonderful thing - so welcome everybody, again, and let's go ahead and pray the call in .

 So let's get into the Intel. Let's see where we are – Now - As as I was telling you guys last Thursday, we were looking forward to getting something to happen for us as early as today.

We had yesterday - was indigenous peoples day and Columbus Day. And the banks were closed yesterday, and we thought, Okay, today is going to be our start. Today will be the beginning. It was supposed to be – We had a situation with the redemption centers in six different states that were affected by the hurricanes.

So it was such that the some of the redemption centers leaders are not able to respond to an email that went out. They were not able to, for one reason or another. There's not that many, but there were some that were in the in the hurricane hit areas that could not verify or respond back to the email that went out on Monday - it went out on time, and most redemption centers received them.

That was little more than a handful that didn’t, and so they're still trying to get those back up, whether it's a server that needs place with a temporary server, or whatever this problem is, they're working on it.

They're still trying to get it out and the  hope is that that that problem will be remedied in a day or so, and that we would, we would get those emails back to the people that sent them out tomorrow.

Now that is something that they're trying to get done so that we can start and one of the people we talked to, one of our sources said that they thought it would be a day late for us, since we didn't get notified today, as we thought we would, we should get notified tomorrow, and then whether We could start exchanges tomorrow or not. -- Don't know, it could end up being that we get notified and start exchanges a day later, which would be Thursday of this week.

So that's where we stand from an Intel point of view on where the notifications are. Like I said, most of those went out. But redemption centers need to be brought up to speed on everything that they have to do, and then our emails will come from Wells Fargo servers in …. let me think how many… four I believe, four different areas that they will come to us  on Wells Fargo servers.

 So we still don't know absolutely when our start is, but we did get word that the bondholders are supposed to be notified with emails tomorrow and be able to, which is Wednesday, and be able to get access to their funds on Thursday.

So I think we're trying to be lined up with tier three, which is bondholders. They're trying to do a shotgun start with this. So hopefully that happens for the bond holders, and hopefully it happens for us too. It could be just a day delay. We'll just have to wait it out and see what that what that says for us.

Another source is highly connected to the top political people that are in charge of this, people like Pres. Trump -  people like that  is saying they believe that we will get notified tomorrow. So let's hope that that's the case and that works out, and we can set our appointments and get started right away, that is the hope -  

Let's go back to some of Jeanie's prayer requests which are ongoing - About beyond, beyond the RV talk about R & R - if you're exchanging currencies and Zim, you're redeeming Zim, you should be able to see in your quantum account. When you set that up, those funds are already in there.

You should be able to see what they are and get access to them when you do your exchange, then your exchange funds and your Zim redeemed funds will go on top of what is already in your quantum account with R and R - restitution and reclamation allowance.

Now we are in a very critical time right now, being the 15th of the month today, for some things to occur with NESARA – that we will be made aware of. We don't have anything yet. The Hurricanes did, I think, slowed us down a little bit, but we'll see when disclosure of some of these NESARA type information is brought out to us, and just how this disclosure is going to work for us.

Also, we do not have an update on Social Security increases right now. They could still occur this month, but tomorrow, second Wednesday. I believe  unless I’m off on that - I will see the 15th  today means the eighth was  yeah -  actually, tomorrow should be the third Wednesday of the month  shouldn't it -  If that's the case, you guys with calendars, check that out.

Then I can't say whether we're going to get an increase this month or not. It looks like we were but we are half way through the month – and there’s been no indication to us – Our Social Security source  - And we do have one -  that works with Social Security, we have not been able to get in touch with him yet this month to find that out so we will see what happens on that  - just stay tuned -

The rest of it though, should be there with the Restitution, Reclamation, you know, that includes taxes that we paid in includes our birth certificate money, death certificate, if it applies, marriage license, divorce decree, those four, four different documents are traded  as bonds really - a tradeable bond note. And so we'll get the benefit those back to us

Let’s see if there's anything else that is pertinent right now, I got something, as far as Iraq is concerned, and this might give us some hope for tomorrow. I know that Iraq was paying their back pay salaried people in Iraq, it was either today or tomorrow. I heard it would be Wednesday, but then we heard they were going to do it Tuesday -  so either today or tomorrow Iraq was paying  back, “back pay”, I believe, - contractors pay – I believe citizens – pensions  and all of that as well

And the other thing about Wednesday is, I remember this properly -  the new rate for the Iraqi dinar was to appear we thought Sunday evening, when the Forex came back up at five o'clock Eastern Well, the dinar rate did not come up on forex.

They were waiting for it to come up tomorrow, Wednesday, so that  means that the new Iraqi dinar rate should be on, not only the Forex, but on bank screens and redemption center screens tomorrow. And if that's the case, that portends well for us, quite possibly getting started tomorrow.

So we've got you know, the bank and redemption center side. We've got what's going on with the rates of the Iraqi dinar coming up tomorrow, and that speaks well for us. So we'll see. We're very, very close.

So Let's see if  tomorrow is our day. If so, we won't be having a call on Thursday night, we'll be off and running, or we off to the races, as we say -  we’ll see how that works out for us..

 Other than that, you guys, I think, we’re just right at the point we need to be to receive everything, and we'll just hope and pray that hope in the sense of an expectation, a blessed expectation, that God will deliver this blessing to us tomorrow, that's what we're going to pray for right now

Bruce’s Big Call Dinar Intel Tuesday Night 10-15-24  REPLAY LINK  Intel Begins 1:11:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHsjO

Bruce’s Big Call Dinar Intel Thursday Night 10-10-24  REPLAY LINK  Intel Begins   51:11

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgVk

Bruce’s Big Call Dinar Intel Tuesday Night 10-8-24  REPLAY LINK  Intel Begins 1:03:35

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgEt

Bruce’s Big Call Dinar Intel Thursday Night 9-26--24  REPLAY LINK  Intel Begins   1:08:08

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgTi

Bruce’s Big Call Dinar Intel Tuesday Night 10-1-24  REPLAY LINK  Intel Begins   1:14:45

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgB5

Bruce’s Big Call Dinar Intel Thursday Night 9-26--24  REPLAY LINK  Intel Begins   1:00:40

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgFx

Bruce’s Big Call Dinar Intel Tuesday Night 9-24-24  REPLAY LINK  Intel Begins 56:36

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHg0Y

Bruce’s Big Call Dinar Intel Thursday Night 9-19--24  REPLAY LINK  Intel Begins   1:11:30

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHgae

Bruce’s Big Call Dinar Intel Tuesday Night 9-17-24  REPLAY LINK  Intel Begins 1:02:20

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH56t

Bruce’s Big Call Dinar Intel Thursday Night 9-12-24   REPLAY LINK   Intel Begins   1:13:30

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH5uP

Bruce’s Big Call Dinar Intel Tuesday Night 9-10--24  REPLAY LINK  Intel Begins 1:07:27

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FH5TN

Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 10-16-24

Good Afternoon Dinar Recaps,

US CONGRESSMAN BYRON DONALDS PROPOSES CRYPTO REGULATORY SANDBOX

U.S. Rep. Byron Donalds champions regulatory flexibility for cryptocurrency, endorsing a sandbox approach to foster industry growth.

▪️Byron Donalds proposes a regulatory sandbox for crypto, aiming to transform it into a $500B U.S. industry.
▪️Donald Trump's campaign raises $7.5M in crypto donations, signaling a pro-crypto stance for the 2024 election.
▪️U.S. Rep Donalds criticizes Dems' crypto regulation approach as politically motivated amid electoral battles.

In a recent conversation with KMSmithDC, U.S. Congressman Byron Donalds stressed the importance of developing a regulatory sandbox for the crypto industry. Donalds described the industry as a “toddler” that is still young but has a possibility of growing.

He pointed out that the cryptocurrency market has the potential to become a half a trillion dollar industry in the US if there are favorable regulations put in place.

Byron Donalds Advocates for Regulatory Flexibility
Byron Donalds emphasized that the use of a more flexible approach to the regulation of the rapidly developing crypto industry is crucial. He noted that the present model adopted by most regulatory bodies, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), is too rigid.

According to US Congressman Donalds, a more adaptive system, like a regulatory sandbox, would allow industry participants to set guidelines as they innovate.

”What the industry really needs is a regulatory sandbox”, Donalds said. “You guys make the rules because the industry is going to change so fast over the next five years.” He pointed out that the current regulatory authorities are “not very innovative enough” to match the advancement of technology hence the need for a shift in the system.

Donald Trump Campaign’s Support for Crypto
US Congressman Donalds, an avid supporter of Donald Trump’s 2024 presidential campaign, also discussed how the Trump campaign has adopted cryptocurrency. Moreover, the PAC supporting Trump has allegedly collected $7.5 million in cryptocurrency contributions during July-September 2024.

These donations in BTC, ETH, XRP, and USD stablecoins reveal that Trump has changed his view about digital currencies. Additionally, the prediction market platform, Polymarket, has given a 59.5% chance of Donald Trump to win the U.S election while 40.3% chance of Kamala Harris.

This is quite a change from Trump’s previous stance on cryptocurrencies during his tenure as president. The fundraising success, garnered from more than 15 US states and Puerto Rico, places Trump as the candidate favorable to cryptocurrencies as the November 2024 elections approach.

In the conversation, Byron Donalds accused the Democratic leadership of not taking the regulation of cryptocurrencies seriously. He also dismissed recent remarks by Democratic politicians, including VP Kamala Harris and Senator Sherrod Brown, on digital assets regulation.

Donalds said that, although some Democrats have lately discussed the need for frameworks, such statements are political. “Vice President Harris is saying it now because there are some issues in her polling,” he said. He also pointed out that the criticism coming from Sherrod Brown could have to do with him being in a tight race in Ohio.

Trump’s Plan to Overhaul Regulatory Agencies
According to the US Congressman Donalds, a potential Trump administration would aim at “cleaning house” in major regulatory bodies such as the US SEC and CFTC. In these talkings, there has been a rumour that Robinhood CLO, Dan Gallagher, may become the new US SEC Chair under the leadership of Donald Trump.

He believes that regulators should focus solely on their assigned missions rather than expanding their roles. “It’s about making sure that regulators simply do the job of carrying out the mission that the agency was given,” Byron Donalds stated.

He reiterated his belief that current regulatory bodies are falling behind in adapting to the fast-paced developments in the crypto industry. According to Donalds, if Trump wins the presidency, the administration will aim to ensure that these agencies better align with the needs of a rapidly evolving digital economy.

@ Newshounds News™

Source:  CoinGape

~~~~~~~~~

SIAM COMMERCIAL BANK LAUNCHES THAILAND’S FIRST STABLECOIN CROSS-BORDER PAYMENT SYSTEM

Siam Commercial Bank has introduced Thailand’s first stablecoin-powered cross-border payment system.

Partnering with SCB 10X and Lightnet, the bank will use stablecoins—digital assets pegged to gold or the U.S. dollar—to facilitate faster, more efficient international transactions, according to a company release.

This solution is built on a public blockchain network, with Fireblocks providing top-tier custody technology to ensure asset security. The new payment system enables 24/7 cross-border transactions, reducing the need for banks to maintain pre-funded accounts with foreign partners, which improves capital efficiency and lowers operational costs.

By eliminating layers of clearance and currency conversion, the service offers customers a faster, cost-effective way to send and receive funds internationally, per Nikkei. Users can transact using local currencies, further simplifying the process.

Thailand’s regulatory sandbox
In August, Thai financial regulators launched a Digital Asset Regulatory Sandbox to encourage crypto adoption in the country. The initiative, backed by a public hearing in May, allowed participants to test crypto services under flexible regulations to help develop Thailand’s digital asset market.

This SCB stablecoin project successfully graduated from the Bank of Thailand’s regulatory sandbox in October 2024, according to the release, and is now fully commercialized. It sets a new standard for the use of blockchain technology in the financial sector and strengthens SCB’s position as a leader in digital banking.

@ Newshounds News™

Source:  Crypto News

~~~~~~~~~

AUDIO REPLAY BOB LOCK: OCT 16, 2024 | Youtube

Bob Lock discusses his new book, "Managing sudden wealth through smart team building" as well as what the future might bring with a new financial system and ways to protect yourself with a possible stock market crash and/or bank failure.

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Wed. Afternoon 10-16-2024

KTFA:

Clare:  Iraq Increases Reserves at IMF by 50%

15th October 2024  By John Lee.

A meeting of the Iraqi Cabinet this evening approved an increase in Iraq's quota at the International Monetary Fund (IMF) by 831.9 million Special Drawing Rights (SDR), equivalent to 1.45 trillion Iraqi dinars [$1.1 billion] based on the exchange rate as of October 8, 2024.

This 50-percet increase in Iraq's previous quota will enhance the country's voting power within the IMF.

The additional allocation will be included in the 2025 budget.

The IMF created SDRs as an international reserve asset to supplement member countries' official reserves; they are not a currency, but rather a claim on freely usable currencies of IMF member countries. They serve as a potential source of liquidity for IMF member nations.

SDRs represent a weighted basket of major international currencies, and can he held as part of a country's foreign exchange reserves. Adding SDRs to a country's international reserves makes it more resilient financially.   LINK

Alicia2015:  Monday is the BRICS summit (22nd - 24th) with word of an introduction to a future cross border currency (the UNIT) backed by 40% gold 60% commodities. We live in interesting times- IMO

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

Clare:  The College of Administration and Economics at the University of Mosul holds its international scientific conference on “Development and financial and economic stability to restore confidence in the Iraqi dinar”

14 October، 2024

Under the patronage of His Excellency the Minister of Higher Education and Scientific Research, Dr. Naim Al-Aboudi, and under the supervision of Prof. Dr. Qusai Kamal Al-Din Al-Ahmadi, President of the University of Mosul, and under the follow-up of the Dean of the College of Administration and Economics, Prof. Dr. Thaeir Ahmed Saadoon Al-Samman, and in cooperation with the Nineveh Future Center for Strategic Studies, the College of Administration and Economics, Department of Banking and Financial Sciences, held in the hall of the University’s Grand Theater on Monday, 14/10/2024 at 10 am its international scientific conference tagged “Development and financial and economic stability to restore confidence in the dinar Iraqi ”

His work lasts for two consecutive days …The opening ceremony of the conference was attended by the respected Governor of Nineveh, Professor Abdul Qader Al-Dakhil, the Chairman of the Parliamentary Education Committee, Prof. Muzahim Al-Khayyat, the Assistant Chairman of the Parliamentary Energy Committee, Mr. Mansour Al-Maraid, the representative of the Nineveh Operations Commander, the representative of the Nineveh Police Commander and the President of the University and the assistants of the President of the University of Mosul for Scientific Administrative Affairs, the Dean of the College, members of the University Council, personalities from the city and a number of faculty and students of the college and the university.

The opening of the conference began with a recitation of verses from the Holy Quran, followed by Prof. Dr. Ali Abdul Sattar Al-Hafiz, followed by the reading of Surat Al-Fatihah on the souls of the martyrs of Iraq, then playing the national anthem, then a speech by the respected Governor of Nineveh, in which he talked about the importance of development and economy in order to restore confidence in the Iraqi currency and about the reconstruction revolution in the province, which was accompanied by the process of reconstruction of Iraqi universities, especially the University of Mosul

Followed by a speech by the Chairman of the Parliamentary Education Committee and a speech by Mr. The Dean of the Faculty welcomed the attendees, as he spoke about the importance of supporting the national economy and the need to support it, the recovery of trade, the fight against corruption and the implementation of the decisions of the monetary authority, then a speech by the Director of the Nineveh Future Center for Strategic Studies in Mosul, the consultant engineer Nabil Al-Youzbeki

Then the start of the work of the conference axes, the first session chaired by Dr. Ahmed Younis Al-Sabawi for the first speaker was Prof. Dr. Dariusz Zarzecki in Financial Management at the University of Zsczecin in Poland, followed by the distribution of shields and certificates to the organizers, supporters of the conference and members of the committees.

The themes of the conference touched on enhancing the challenges and opportunities related to financial and economic stability in Iraq, and working to develop effective strategies to restore confidence in the Iraqi dinar and promote sustainable development.

The conference aimed to highlight the role of economic policies in achieving stability and restoring confidence in the Iraqi dinar, discussing the main challenges affecting the stability of the Iraqi dinar, proposing possible solutions, building cooperation networks based on effective strategies to promote economic development in Iraq, and exchanging knowledge and experiences on strategies to improve economic development in Iraq.  LINK

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26   Concerning the CBI announcing to you Iraqi citizens that they are activating the banking reforms...That means they are activating the monetary reform.  They're going to give you your new lower notes.  They are going to give you your new exchange rate.  They're going to give you the keys to the ATM...  You are now going to be receiving your purchasing power not only through the new exchange rate but via the HCL and the jobs the economic reform is about to produce.

Fnu Lnu  Reminder...Redemption centers ARE BANKS.  They are bank offices designed to be off premises for the purpose of validating and verifying the IQD and accrediting your bank account with the exchange amount deposit. They are banks and you WILL NOT get better rates at a BANK EXCHANGE CENTER.   It is AGAINST the LAW to sell a financial instrument for different prices at different places. It is called "THE RULE OF ONE PRICE"...There are laws and they will be followed.

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

Reality to Hit as Historic Bubble Bursts with Michael Oliver

WTFinance:  10-16-2024

This interview was from a WTFinance podcast with Michael Oliver. Michael is a regular guest who is the founder of Momentum Structural Analysis. During our conversation we spoke about how the US is currently the largest market, why the FED won't be able to save it, precious metals and gold, whether silver will outperform this time, a debt crisis and more. I hope you enjoy!

0:00 – Introduction

 0:16 - Hell in markets still on the cards in 2024?

4:20 - FED saved the day?

6:40 - Silver to outperform?

 8:35 - Extended bond bear market?

11:50 - Flash crashes incoming?

15:30 - Trends keep increasing

18:20 - What is happening in China?

20:25 - Debt crisis?

25:16 - Commodity super cycle?

27:00 - Where does gold and commodities go?

 31:10 - Miners to perform?

34:35 - One message to takeaway from conversation?

https://www.youtube.com/watch?v=gc2v3o2fjw8

Coffee with MarkZ and Andy Schectman. 10/16/2024

Coffee with MarkZ and Andy Schectman. 10/16/2024

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Happy Wednesday all!

Member: Good morning, Mark, patriots, and Dinarians.

Member: Payment for Iraq contracts and salaries electrically paid today.

MZ: I assume they are being paid at the same rate they had been paid at. It would make more sense to pay them at that rate and then do the ReValuation…..that would be the maximum way to get the most spendable money into the people’s pockets. To lift all the people up –you pay them at the old rate and when the dinar rate changes it would be a huge bonus for them.

Member: Mark is this our week?

MZ: I do not know…but a number of my bond contacts swear this is our week…and I am praying they are right. I think anywhere between now and the election is most likely.

Member: I wonder-does Iraq have to fully ascend to WTO before the rate goes on Forex?

Member: I don’t think so…..maybe the same time?

MZ: “Iraq increased reserves at the IMF by 50%” This is huge. This is an increase to the IMF for their SDR’s (Special drawing rights) In other words when a country comes for a loan to the IMF – they are borrowing from Iraq. This will enhance Iraq’s voting power in the IMF as well. This makes Iraq one of the most influential Arab nations.

MZ: We know we have World Trade Organization ascension coming…..and they are now taking a lead role in loaning funds to other countries in need and writing policies for the region with the IMF…..They are close to restoring stability and faith to their country and their currency.

Member: That's impressive at the progress for Iraq on the world stage

MZ: I am excited on what we are seeing coming out of Iraq as of late.

MZ: On the bond side just hearing more from them saying this is our week. I am still looking for something more to sink my teeth into.

MZ: On the bond side …groups are aggregating other bonds to go after the German bonds. Zim bonds are on that list for next week……and I got a report that Dragon bonds are being pulled together as well. At least we are starting to get some activity other than German bonds. .

MZ: From the Redemption /wealth management side-They are ready and working and they are being told to stay close. They do not yet know timing

Member: Can someone estimate what the dong may be when this hits

Member: Mark always says he thinks $2.25 or maybe higher…

Member: CMKX this week for our settlement to happen finally???

Member: Do you think it may be shotgun start Mark?

MZ: I very much believe it will be a shotgun start. I think we will see some of the historic bonds go then “Bam” things will start ripping…everything going at once. .

Member: MarkZ, did tier 1 and 2 get funded, as per comment last night???

Member: Japan bonds are crashing

Member: Saw Wolverines video last night "confirming" payment of his Whale friend is "paid in Zurich".

​​Member: Mark, when the redeeming of currency happens, are you going to share a 1 800 # with us so we know when to make appointments ???????

Member: It will be posted at all the dinar sites, and we hear that Mark, Bruce, TNT, Frank and many others will be sharing exchange info…We will not miss it.

Member:  Mark- It’s confusing at times. We are focused on Iraq and the Dinar RV to start this process but according to Mr.C it’s the Chinese Elders that will start the process.

Member: They keep us guessing and confused on purpose……very frustrating

Member: Lord, please end this nightmare. So many are suffering.

Member: This is a stressful time , we are ALL in this together. SO thankful for ALL of you

Member: Full moon tomorrow, on tonight and on the ‘ 17th ‘ too.

Member: Everyone enjoy the rest of the day.

Andy Schectman from Miles Franklin joins the stream today. Please listen to the replay for his opinions and information

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

YOU CAN FOLLOWER ZESTER ON MONDAYS, WEDNESDAYS, AND FRIDAY AT 5:00 PM EST.!! ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

 ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:    https://www.youtube.com/watch?v=zHbdBJXllEk

Awake-In-3D: Trade Wars and Sanctions Now Setting Us Up for the Biggest Collapse in History

Trade Wars and Sanctions Now Setting Us Up for the Biggest Collapse in History

Awake-In-3D   October 9, 2024

Are we repeating the mistakes that led to the Great Depression and World War II?

This article explains how past economic disasters, like what happened in Germany after World War I, can help us understand what’s happening in the world today. By looking at how trade issues, financial penalties, and economic crises led to radical political changes back then, we can see similarities with today’s global economy.

The purpose is to show how history is repeating itself and why we may be heading toward the biggest financial collapse in human history if things continue the way they are.

The study of past economic collapses offers invaluable insights into the forces that drive economies toward disaster. The rise of fascism and Adolf Hitler’s ascent in Germany is a powerful case study, showing how trade disputes, economic sanctions, and financial instability can shape world events.

If we don’t learn from this history, we risk repeating it—and many signs suggest that we are on the brink of another unprecedented financial crisis.

US President Joe Biden recently announced a significant rise in tariffs for Chinese imports, including electric vehicles (EVs) and solar panels. One of the most significant steps is the decision to raise duties on Chinese electric vehicles to 100 percent.

The Role of Economic Sanctions and Trade Disputes in Historical Collapses

Economic sanctions, trade disputes, and punitive measures have long been used to isolate nations. In post-World War I Germany, these tools played a direct role in driving the country to financial ruin.

The Treaty of Versailles demanded massive reparations from Germany, strangling its economy and blocking any real recovery. The inability to trade internationally compounded the problem, leaving Germany cut off from vital markets and resources.

As economic isolation intensified, inflation spiraled out of control, wiping out savings and deepening poverty. Germans faced severe unemployment and social unrest, making them receptive to extremist ideologies.

Hitler seized on these conditions, using the widespread economic misery to gain support. The lesson here is clear: economic collapse can open the door to radicalism, and today’s growing trade wars and sanctions could create similar conditions.

How the Treaty of Versailles Enabled Radicalism in Germany

The Treaty of Versailles humiliated Germany economically, with reparations and territorial losses that crippled the nation’s ability to function. In the years following World War I, Germans watched their currency become worthless.

Children playing with worthless German currency and a cart full of marks could not buy a daily meal in 1930

By the time the Great Depression hit in 1929, Germany was relying on foreign loans—especially from the U.S.—to stabilize its economy. When those loans dried up, Germany’s economy collapsed once again.

The collapse of international trade and financial support left Germany in an even worse position. Mass unemployment and desperation became the norm. In this climate, Hitler’s Nazi Party rose, offering promises to rebuild the economy, restore pride, and make Germany powerful again.

This is eerily similar to the struggles many countries face today, where economic hardship is driving people to seek out extreme solutions and political figures who promise to fix everything.

Parallels Between the Great Depression and Today’s Financial Risks

The Great Depression serves as an important reminder of how quickly global economies can unravel. When the U.S. stock market crashed in 1929, it triggered a worldwide financial collapse.

After 2,000 jobs were made available for park improvements, about 5,000 unemployed people gathered outside City Hall in Cleveland, Ohio, in 1930 during the Great Depression. (AP Photo)

Countries like Germany, already weakened by debt and trade restrictions, plunged into a deeper crisis. Protectionist policies and tariff wars, like the U.S. Smoot-Hawley Tariff, only worsened the situation by choking off global trade.

Fast forward to today, and we see similar warning signs. Global tensions, trade wars, and massive debt levels are putting immense pressure on economies. Inflation is surging, supply chains are breaking down, and many people are struggling to make ends meet.

Just as in the 1930s, these financial pressures are creating a fertile environment for social and political unrest. Many fear that the world is again teetering on the edge of a catastrophic economic collapse.

What History Teaches Us About the Coming Financial Disaster

The history of economic crises shows us that they often follow predictable patterns. Trade disputes, financial isolation, and economic sanctions create the conditions for collapse.

Germany in the 1930s offers a blueprint for what can happen when economic pressure drives a society to desperation. And today’s world looks dangerously similar.

Countries around the globe are facing rising inflation, trade conflicts, and unsustainable levels of debt. The gaps between the wealthy and the poor are widening, and the middle class is being squeezed.

As in the past, when economic conditions deteriorate, people begin searching for drastic solutions, often turning to radical movements or leaders who offer simple answers to complex problems. If the current trends continue, the world could be headed for the greatest financial disaster in history.

The Bottom Line

The economic collapse of post-World War I Germany and the Great Depression offer crucial lessons for understanding the looming financial disaster we face today.

Rising trade tensions, economic sanctions, and the strain on global economies all point to a similar outcome. If we don’t understand the past, we risk repeating it—and this time, the stakes are even higher.

Prepare for the worst, because the next global collapse may be unlike anything the world has ever seen.

=======================================

© GCR Real-Time News

Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

Do I Need to Worry About Gift Taxes?

Do I Need to Worry About Gift Taxes?

Eric Reed  Tue, October 15, 2024  SmartAsset

I Want to Give $50k to My Daughter for a Down Payment on a Home - Do I Need to Worry About Gift Taxes? 

Imagine you have $50,000 to give to your daughter and her husband for a down payment on their new home. The question is, will you owe gift taxes because of your generous gesture?

Despite popular framing, the federal gift and estate taxes only apply to very wealthy households. Unless you have approximately $13 million to give away over your lifetime, these taxes likely won’t apply to you.

A financial advisor can help you navigate and plan for gift and estate taxes. To be very clear, these are the rules for federal taxation. Every state also has its own tax laws and every tax profile is different, so make sure to speak with a financial or tax professional before making any plans for your own assets. However, there are two main issues to consider within this scenario: the mortgage process and potential gift tax implications.

Down Payments and Gifts

With the mortgage and lender process, you want to ensure that you fill out all forms and requirements correctly. It is extremely unlikely that you can complicate the title to this property, but you can certainly complicate or invalidate the loan by making a mistake.

When your daughter applies for her mortgage, the lender will go through her finances in detail. They want to know what assets she has, where they came from, what income she has and any other information related to how she will repay this debt. The down payment is intended as an indicator of this financial stability, so receiving it from a third party can raise concerns.

Many lenders have rules around who can provide the money for a down payment. It’s common for them to reject a mortgage with a gifted down payment unless that money comes from someone with a longstanding relationship to the borrower. Among other issues, this is intended to prevent fraud and money laundering. Since the borrower is your daughter, that shouldn’t be a problem.

If you are giving the money directly to your daughter you will typically either need to “season” the money or provide a gift letter. Seasoning the money means transferring it more than 60 days in advance, again as an indicator of legitimacy against fraudulent transfers. A gift letter is a document signed by both the giver and the recipient confirming that this is a unilateral transfer with no right to repayment.

The specific format of the gift letter will vary based on lender and jurisdiction, so consult an attorney about this document. A financial advisor can also potentially help you through this process.

TO READ MORE:  https://www.yahoo.com/finance/news/want-daughter-her-husband-50-120000119.html

Seeds of Wisdom RV and Economic Updates Wednesday Morning 10-16-24

Good Morning Dinar Recaps,

RIPPLE’S XRP LAWSUIT ENTERS NEW CHAPTER AS BOTH PARTIES FILE APPEALS

The SEC and Ripple are entering the appeals phase of their XRP lawsuit, with both parties preparing to challenge aspects of the initial ruling in a process that could extend into early 2026

▪️SEC appealing Judge Torres’ ruling in Ripple case
▪️Ripple filed cross-appeal on institutional sales decision
▪️Next step: SEC to file Form C detailing appeal scope
▪️Briefing process could last until July 2025
▪️Final appellate court decision possible in early 2026

The Securities and Exchange Commission (SEC) and Ripple Labs are gearing up for the next phase of their legal battle over XRP, as both parties have filed notices to appeal different aspects of Judge Analisa Torres’ ruling from July 2024.

The case, which has significant implications for the cryptocurrency industry, is now moving to the U.S. Court of Appeals for the Second Circuit.

Stuart Alderoty, Ripple’s Chief Legal Officer, expressed confidence in the company’s position as the case moves forward. “I felt good about our case in the Southern District of New York. I feel even better about our case in the Second Circuit,” Alderoty stated in a recent interview.

He believes the SEC’s appeal will ultimately “backfire” and benefit the crypto industry as a whole.

The appeals process is set to begin with both parties filing Form C documents, which will outline the specific aspects of Judge Torres’ ruling they intend to challenge. The SEC is due to file its Form C on October 16, 2024, with Ripple following suit seven days later. These filings will provide clarity on the focus of each party’s appeal.

Following the Form C submissions, a briefing schedule will be established. The SEC will have 90 days to submit its comprehensive legal argument explaining why it believes Judge Torres erred in her decision. Ripple will then have the opportunity to respond to the SEC’s arguments and file its own opening cross-appeal brief.

Alderoty estimates that the briefing process could extend until July 2025, approximately nine months from now. This timeline suggests that a final decision from the appellate court might not come until early 2026, unless the parties reach an agreement to end the legal dispute sooner.

The case has drawn significant attention due to its potential to set precedent for how securities laws are applied to token issuers, particularly within the Southern District of New York, a major financial hub. Judge Torres’ initial ruling found that XRP is “not necessarily a security on its face,” a decision that has been met with both support and skepticism from other judges in similar cases.

While Ripple celebrated aspects of Judge Torres’ ruling, the company was ordered to pay a $125 million fine over XRP transactions that were found to have violated securities laws. The SEC had initially sought a much larger penalty of $2 billion.

As the case moves to the appellate level, both parties are preparing to argue their positions. The SEC maintains that Judge Torres’ ruling “conflicts with decades of Supreme Court precedent and securities laws.”

Ripple, on the other hand, plans to argue that for a digital asset to be considered an investment contract, a contract with rights and obligations is necessary.

@ Newshounds News™

Source:  Blockonomi

~~~~~~~~~

MICA-COMPLIANT STABLECOINS TAKE MARKET SHARE OF EURO-STABLECOIN SECTOR: KAIKO RESEARCH

Since the implementation of select provisions of the EU’s Markets in Crypto-Assets (MiCA) regulations in June, MiCA-compliant stablecoins, such as Circle’s EURC and Société Générale’s EURCV, have dominated the euro-stablecoin market, according to a Kaiko Research report.

Circle’s EURC and Société Générale’s EURCV now hold a record 67% market share of the euro-stablecoin market, the report added.

@ Newshounds News™

Read more:  The Block 

~~~~~~~~~

ITALY PLANS TO RAISE CAPITAL GAINS TAX ON BITCOIN FROM 26% TO 42%: REPORT

The Italian tax authority plans to raise capital gains tax on bitcoin to 42% as part of 2025 budget plans.

Crypto capital gains in Italy have been taxed above €2,000 at 26% from the 2023 tax year.

@ Newshounds News™

Read More:   The Block

  ~~~~~~~~~

RIPPLE PRESIDENT UNVEILS PLANS TO INTEGRATE XRP AND RLUSD INTO PAYMENT SOLUTIONS

▪️Ripple, the company behind cross-border solutions has gained attention from market observers after an announcement of the RLUSD launch.

▪️Ripple is committed to ensuring transparency for both investors and users by releasing monthly reports from independent third parties that verify the reserves backing RLUSD.

On October 15, Ripple’s president Monica Long announced the entry of Ripple into the rapidly expanding stablecoin market, a launch of its new enterprise-grade stablecoin called “Ripple USD”(RLUSD). On the social media platform X, Ripple also announced the development of RLUSD, prompting reactions from notable Monica Long and other figures in the cryptocurrency community.

The president disclosed this on the first day of the Miami Ripple Swell 2024 conference. Once the New York Department of Financial Services (NYDFS) approves the stablecoin’s launch, RLUSD will be accessible on several platforms, including Bitstamp, a European cryptocurrency exchange founded in 2011, The Independent Reserve, Bitso, MoonPay, CoinMENA, Bullish, and Uphold.

Additionally, the firm partnered with B2C2, a global leader in institutional liquidity for digital assets, and Keyrock as market makers to facilitate the creation of liquidity and adoption across global markets. It is worth noting that the former Center Consortium CEO David Puth and Former FDIC Chair Sheila Bair are appointed to the RLUSD advisory board.

Ripple’s RLUSD: Highlighted Features
One of the key features of RLUSD is its compliance-first approach. Ripple emphasizes regulatory adherence in the design of the stablecoin, with plans to publish monthly attestations of its reserves by an independent accounting firm. This is particularly relevant as Ripple has navigated complex legal challenges, including an ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC).

The introduction of RLUSD is seen as a strategic move to bolster Ripple’s position in the market. The stablecoin aims to provide solutions for cross-border payments, on and off-ramps for cryptocurrency exchanges, DeFi, and real-world asset (RWA) tokenization.

Ripple’s CEO, Brad Garlinghous stated that the stablecoin will first be launched on the XRP Ledger and Ethereum networks, enabling real-time transactions and the conversion between fiat and digital currencies.

RLUSD is designed to connect traditional finance with the digital world, offering a secure way for users to trade in and out of cryptocurrency markets without the stress of price fluctuations. It also aims to encourage quicker adoption of digital currencies by creating an entry point into the blockchain ecosystem.

Ripple’s advisory board members have highlighted the critical need for stability and compliance as the digital economy evolves. Sheila Bair  remarked that “stablecoins will play a key role in modernizing financial infrastructure.”

As per our data, Ripple’s trading volume has increased by 7.80% over the last 24 hours with a market cap of $ 30.78 billion. Despite its 0.39% price drop in the last 24 hours, XRP is currently trading at  $0.5453.

@ Newshounds News™

Source:  Crypto News Flash

~~~~~~~~~

🌍 BOB LOCK CALL WED. NOON CENTRAL - PODCAST CALL TELEGRAM ROOM.  |  Youtube

LIVE CALL WITH BOB LOCK WEDNESDAY, OCTOBER 16TH AT 1 PM ET, NOON CT

Join Call: https://t.me/+VAm-AlWWqWPzyK8G 

Bob Lock Mug: https://t.me/c/1522565332/4802

@ Newshounds News™

Source:  Seeds of Wisdom Team RV Currency Facts

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

News, Rumors and Opinions Wednesday AM 10-16-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 16 Oct. 2024

Compiled Wed. 16 Oct. 2024 12:01 am EST by Judy Byington

Mon. 13 Oct. 2024: It’s a Global Currency Reset! BRICS has struck a deal to settle international trade in sovereign nation’s gold/asset-backed currencies that takes a direct shot at dominance of the US dollar. https://www.cryptopolitan.com/brics-seals-deal-for-international-trade-settlements-in-national-currencies/

Global Currency Reset:

Tues. 15 Oct. 2024 Bruce:

Redemption Centers in six different states were affected by the Hurricanes so some weren’t able to respond to the emails that went out on Monday. They went out on time and they are still trying to fix the servers for those few Redemption Centers that didn’t respond.

We could get notified tomorrow and if so, we could start on Thurs. 17 Oct.

Our emails will come from Wells Fargo servers

The Bond Holders are supposed to be notified on Wed. and get access to their funds on Thurs. 17 Oct.

R&R funds are already (allegedly)in your Quantum Account.

Iraqi contractors were to be paid on Wed. 16 Oct. when the new Iraqi Dinar rate is on the bank screens.

~~~~~~~~~~~

Tues. 15 Oct. 2024 Wolverine: “I can assure you that things are happening this week. There is a lot of movement in Reno. Whales are traveling to Reno. A friend got paid. I heard from Zurich that we are going to be paid this week.”

Tues. 15 Oct. 2024 TNT: “There’s a new date and time. I’ll explain tomorrow.”

Tues. 15 Oct. 2024 Anon: “Blockchain went live on Monday (allegedly). They have (allegedly). moved from the SWIFT System to the new Quantum Financial System. That means 200 countries and 11,000 institutions are (allegedly). live on the system. Expect some downtime with banks and ATMs not accessible.

Tues. 15 Oct. 2024 Anon: SSI (Social Security Disability recipients) will (allegedly). receive two checks in November.

Tues. 15 Oct. 2024 Anon: “I received some preliminary information last evening that I couldn’t confirm, then today I was included on an international call from several countries all over the world including US cities of NYC, Reno, Mia, plus Zurich, Hong Kong, and Iraq. The sum and substance of this call was all the in country banking and money reorganization that was to be introduced to the citizens this week and the CBI wanted this nation to announce our new currency in conjunction with them but if not then the CBI and Iraq would RV on their own. Announcement dates are either Monday or Tuesday with effective date to be Wednesday of this coming week. Per several on the call all requirements such as FOREX have been satisfied. Please remember I am just a messenger but they sounded very confident of this info.”

Tues. 15 Oct. 2024 Mike Bara: The Bondholder’s team was told they would be “contacted” about the funds process in the “midnight-to-midnight” window. Turns out they were. They have now been told that funds are good to release starting tomorrow Wed. 16 Oct. 2024. I know the time but can’t say it.

Wed. 16 Oct. is designated as an official celebration Day for Iraq and the day they will (allegedly). pay their contractors in the new Dinar Rate.

~~~~~~~~~~

ON OCTOBER 24 AND 25, every phone on the planet will be hit with a loud, unmistakable alert signal. This will come directly from Star Link satellites, bypassing media channels.

The Earth Alliance, Star Link, and military are ready to execute the final phase. The old world is crumbling, and a new era of freedom is beginning. For years, the Earth Alliance has been preparing, quietly building a secure network of satellites that will make this possible.

The Deep State’s financial institutions will collapse. The Quantum Financial System (QFS) will replace the current system, marking the greatest wealth transfer in history. Banks, stock markets, and fiat currencies will be obliterated, replaced by a fair system that serves the people.

Read full post here:  https://dinarchronicles.com/2024/10/16/restored-republic-via-a-gcr-update-as-of-october-16-2024/

Courtesy of Dinar Guru:  https://www.dinarguru.com/

RayRen98  [reference RayRen98 post 10-15-2024] ...OTHER SOURCES ARE "TALKING" ABOUT A DEADLINE DATE AS WELL... BANK FOLKS ARE TALKING, 3 LETTERS ARE TALKING...IT'S A BEAUTIFUL THING!!!...   Question:  "are the sources in agreement as far as the deadline date is concerned?"  YES...  TIME WILL TELL...THE CLOCK IS TICKING...

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:The November census starts on the 20th  and the 21st, Wednesday and Thursday we will be in curfew...They say will be a 4-day holiday.

Walkingstick  [Iraqi bank friend in U.S. Aki update] The next pay period [for Iraqi government salaries] that will follow up after this one will be based on the new exchange rate and so will the HCL payment to the citizens.  Both their back pay and the HCL will be presented to the citizens at the same time, not on separate events.  Do not look for purchasing power yet.

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

Jim Willie: "They're Selling A Lot Of Treasuries & Buying Gold"

Arcadia Economics:  10-16-2024

As the BRICS meeting and the US elections rapidly approach, while the wars and geopolitical tensions continue to escalate, it's not exactly the most stable time in the world.

Although fortunately to dig into the latest events, including the series of hurricanes that have caused great damage to the affected areas, and FEMA's response, as well as Jerome Powell's aggressive rate cut while he simultaneously claimed that he doesn't see any weakness in the economy,

Dr. Jim Willie of The Hat Trick Letter joins me on the show to discuss all of that and more. As is often the case, Jim had plenty to say about the financial markets, and he shares his latest update regarding the deteriorating situation in the US treasury, and also the gold and silver markets.

So to hear the latest from Dr. Jim Willie, click to watch the video now!

https://www.youtube.com/watch?v=Za3VnJWdy8k