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đŸ’„Is Ripple Ready? SWIFT, Payment Platforms To Enact Upgrade in Coming MonthsđŸ’„
Swift has accepted its community request to start ISO 20022
October 30, 2022
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As stated in an official announcement, global financial messaging service Swift has accepted its community request to start ISO 20022 migration in March 2023.

On Oct. 20, the ECB shared its decision to delay the ISO 20022 migration of the Eurosystem by four months, from November 2022 to March 2023. The Eurosystem consists of the ECB and the national central banks (NCBs) of the countries that have adopted the euro.

According to recent reports, the Clearing House Automated Payment System (CHAPS), a U.K.-based system that facilitates large British pound-denominated money transfers, is also set to implement the ISO 20022 standard come April 2023.

In the U.S., Fedwire has set a target of March 2025 for its transition to ISO 20022 messages, while FedNow, a new rail service developed by the U.S. Federal Reserve Banks, targets mid-2023 for its ISO 20022 implementation.

ISO 20022 is the de facto global data standard for modern payment messaging between financial institutions and payment systems.

Already adopted domestically in several countries, it is predicted that 87% of global financial transactions will be supported by ISO 20022 by 2023. This common language helps banks, financial institutions and systems realize end-to-end processing across domains and locations, necessary for interoperability.

Ripple leader in this shift

ISO 20022 is gradually becoming the global standard for the world's cross-border payment flows. Ripple has been a leader in this shift, with its RippleNet network designed from the start with ISO 20022 standards in mind.

In 2020, Ripple announced that it had joined the ISO 20022 Registration Management Group (RMG) standards body, becoming the first member focused on Distributed Ledger Technology (DLT).

The usage of ISO 20022 in cross-border payments has been limited all the while. As a result, Ripple and its RippleNet clients became pioneers in adopting ISO 20022 for cross-border payments.


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XRP & XLM: Two-Tier Monetary Framework

A two-tier monetary system as envisioned by financial experts, positions XRP at the forefront of institutional transactions. In this system, digital assets are used at different levels for specific purposes.

XRP is tailored for wholesale-level transactions, focusing on institutional use cases such as liquidity optimization, whereas Stellar (XLM) is geared toward retail-level remittances and peer-to-peer payments.

00:00:48
⚠Our birth certificates were originally created to enslave us.đŸ‘‡đŸ€šâš ïž

True Story, keyword here: "Pledges"

FACT: Taxes were originally donations for the WWII efforts and remain as such today! THEY don't want you to know this.. 😉

Truth From A Poisonous Tree: https://www.amazon.com/s?k=truth+from+a+poisonous+tree&crid=YQKTJAO3OY2F&sprefix=truth+from+a+poisonous+tree%2Caps%2C131&ref=nb_sb_noss_1

00:04:02
đŸ’„ Meet the final five Sapphire winners of Sonic Boom! đŸ’„

đŸ”” [Equalizer](https://x.com/Equalizer0x)
âšȘ [SwapX](https://x.com/SwapXFi)
🔮 [Stable Jack](https://x.com/StableJack_xyz)
🟱 [Beethoven X](https://x.com/Beethoven_X)
🟣 [CrossCurve](https://x.com/EYWAProtocol)

Learn more about them: https://x.com/0xSonicLabs/status/1859699433367273533

00:00:11
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚹 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
👀 Global ETF provider WisdomTree has filed in Delaware for an $XRP ETF 🚀

Its official

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đŸ‡Č🇩 JUST IN: Morocco to officially lift its 2017 ban and legalize cryptocurrencies.

Morocco is set to lift its 2017 ban on cryptocurrencies, officially embracing the digital asset revolution. đŸŒđŸ’±

Stay tuned for updates as the country opens new doors to crypto innovation and adoption. 🚀

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What Is The True Price Of Silver?

If you’ve ever browsed USDebtClock.org, you might have noticed its eye-popping silver "price" of $1,028 per ounce. Compare that to the current spot price of around $30.55, and you’re bound to wonder: What’s going on?

● The Key Difference

The $1,028 figure isn’t a real-time trading (manipulated) price. Instead, it represents a theoretical value based on monetary inflation. (Real price)

USDebtClock.org uses this number to reflect the massive increase in U.S. currency supply and national debt relative to available silver reserves. It’s essentially saying, “If the dollar were still backed by silver, each ounce would need to be worth $1,028 to cover all circulating dollars.”

In contrast, the $30.55 spot price is what silver is trading for in global markets. It’s determined by supply, demand, and market speculation—not monetary supply.

● Manipulation or Market Reality?

Many believe silver’s low spot price is the result of market manipulation. Futures contracts and large institutional...

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Here’s why the crypto Altseason could start tomorrow

While Bitcoin (BTC) flirts with the long-awaited $100,000, and Jim Cramer recommends a “buy,” crypto traders eye the Altseason. Historically, money has rotated from Bitcoin into altcoins after significant breakouts, which could occur again this cycle, starting on Sunday.

This is because Sunday, November 24, will close the third consecutive week above Bitcoin’s last weekly candle’s high. Essentially, an altseason started every time this pattern occurred in the previous two cycles, as TechDev shared on X.

An altseason happens when altcoins outperform Bitcoin, diminishing its market cap dominance. Some analysts are already excluding Ethereum (ETH) as part of “altcoin” analysis, given its market size and relevance.

In summary, trading experts and crypto investors expect mid-to-low-caps to outperform the leaders, better distributing the capital among all cryptocurrencies.

The altcoins season (altseason) is starting

On TechDev’s insight, the Bitcoin and crypto analyst pointed out a pattern that dates back to March 2017. According to him, the last two altseasons started after three consecutive weekly closes above the last Bitcoin weekly high.

This pattern is in play right now, with the third consecutive week to close tomorrow, Sunday night, starting on Monday. Therefore, this week could be a key period for what some experts are labeling “utility altcoins,” with high growth potential.

Notably, TechDev crossed over the Bitcoin Dominance Index (BTC.D) with Bitcoin’s weekly chart, illustrating the start of the altseason.

Bitcoin (BTC/USD) price and the Bitcoin Dominance Index (BTC.D)– Weekly chart. Source: TradingView / TechDev

In this context, some altcoins have already started surging, leading the way for other cryptocurrencies. Solana (SOL), Ripple (XRP), Cardano (ADA), Algorand (ALGO), Hedera (HBAR), Near Protocol (NEAR), and Sui Network (SUI) are some of them, outperforming other projects in the past few days as money starts rotating from Bitcoin and Ethereum to lower caps.

Bitcoin Dominance Index (BTC.D) today

As of today, Bitcoin dominance is retracing backward, testing the 50-day exponential moving average again, which is significant chart support. Currently, BTC has 59.30% of the entire cryptocurrency market capitalization, according to TradingView’s index.

Confirming a daily drop below the 59.50% moving support could validate the aforementioned historical analysis, marking the altseason start.

Interestingly, BTC.D has followed a previous analysis by CrypNuevo, reported on Finbold, looking to a resistance retest. The analyst forecasted Bitcoin’s dominance would make a top between 61% and 62%, confirming it with a retest before crashing.

 

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Unleashing Hackathons and Developer Incentives on Sonic With DoraHacks

We’re excited to announce our partnership with DoraHacks, a global hackathon movement and Web3 developer incentive platform.

Together, we’ll launch exciting initiatives to empower developers to grow within the Sonic ecosystem. Take a look at some of these initiatives below.

Online Hackathons

DoraHacks is renowned for its online hackathons, which bring together a diverse global community of developers to solve real-world problems. Through this partnership, we’ll host hackathons designed to spark creativity, encourage collaboration, and address key challenges in blockchain.

Real-Life Hackathons

Building on DoraHacks’s expertise in organizing immersive, real-world events, we’ll be hosting in-person hackathons starting in Q1 and Q2 of 2025. These events will provide an interactive space for developers to work together, receive mentorship, and showcase their skills, while fostering meaningful connections within the community.

App Bounties

DoraHacks's bounty platform enables us to tap into a global community of developers to crowdsource innovative solutions. Through this platform, we’ll launch targeted app bounties, offering rewards to developers for creating apps that address the specific needs of the Sonic ecosystem or fulfill user-driven requests.

Targeted Bounties for Sonic University

As part of the Sonic University, we’ll focus on specific regions like Vietnam and the Philippines to engage local cohorts and students. These tailored bounty programs will create opportunities for emerging talent to contribute to the Web3 space while earning rewards and gaining real-world experience.


This partnership is a major step toward engaging with a global network of talented builders and advancing the possibilities of Web3 technology. We can’t wait to share more about these initiatives soon!

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The Next Wave of Sonic Gems

The Sonic Boom program has officially concluded, and we are grateful to all the projects that dedicated their time and effort to apply. With over 1,000 applications submitted, the program was an extreme success and demonstrated the creativity within our community.

Sonic Boom was designed to allocate a portion of the total Sonic Gems to 30 outstanding projects across strategic categories. The program targeted diverse and high-impact categories, aiming to spotlight and reward apps with the potential to drive significant user adoption from day one.

This initial boost in Sonic Gems helps these selected projects attract users, incentivize participation, and create a strong foundation for long-term growth within the Sonic platform, setting them up for success as they scale and expand their user base.

What Are Sonic Gems?

Sonic Gems are developer points in the ~200 million S airdrop that projects can distribute to users as rewards for using their apps. This approach helps projects bootstrap and sustain user activity by encouraging continued use and interaction.

For projects that didn’t make the final 30 or were placed in a lower tier than expected — don’t be discouraged! The majority of Gems are still available on the Sonic mainnet. After our mainnet launch, the remaining Gems will be allocated to apps based on three key factors:

  • Category (e.g. DeFi, RWA, gaming, etc.)
  • Engagement (e.g. native exclusivity)
  • Effective distribution of rewards to users

This distribution formula is designed to reward apps that contribute positively to the Sonic ecosystem, ensuring fair resource allocation and promoting sustainable growth across the network. Almost any app can qualify to receive Gems as long as it has a model to generate points for users and integrates with our points API powered by OpenBlock Labs.

This inclusive approach ensures that all developers — from emerging native protocols to established projects — have an equal opportunity to receive Gems to give to their users. By contributing to the ecosystem, apps can bootstrap user activity, sustain long-term growth, and unlock their full potential. The more users engage and accumulate points within an app, the greater its chance to receive Sonic Gems.

What’s Next?

A detailed breakdown of Sonic Gems will be added to our documentation as we approach the mainnet launch.

We encourage you to continue innovating and building within the Sonic ecosystem. There are many opportunities ahead to receive Gems, and we look forward to supporting your growth on the network. We can’t wait to see what you build next!

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