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? The Dinarian on Locals brings you the latest in news, interviews, in-depth conversations, and stories from across the blockchain and global communities—within and beyond cryptocurrency ?. Experts delve into how blockchain technology is reshaping industries, enhancing business networks ?, transforming transaction workflows, and advancing distributed ledger systems ??. We also explore intriguing topics that may venture into the realm of conspiracies—and so much more!
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September 16, 2024
Streamlining the global movement of digital assets and currencies 👀

We’re paving the way towards real-world solutions that will enable our members to access and transact with regulated digital assets and currencies on the Swift network. This follows a series of groundbreaking experiments conducted with our community in recent years, which we’re now advancing to the next stage.

Interest in digital assets and currencies continues to grow, with the last two years bringing greater clarity on the potential value of these developments to the industry.

Forecasts for the growth of digital assets are wide ranging. For instance, Standard Chartered and Synpulse recently estimated that the market size of real-world tokenised assets will climb as high as $30 trillion by 2034. Market sentiment is certainly strong with 91% of institutional investors interested in investing in tokenised assets, according to a survey by Celent and BNY Mellon

"Our vision is for our members to be able to use their Swift connection to transact interchangeably using both existing and emerging asset and currency types."

Preventing digital islands

Yet there are challenges that must be overcome before digital assets and currencies can truly scale on a global level. Not least is the growth in divergent platforms, technologies and regulatory environments that underpin digital innovation. This is leading to the emergence of an ecosystem of fragmented ‘digital islands’ that add costs and risks for market participants to navigate.

Institutional investors, for instance, are unable to ramp up their digital asset businesses due to the complexities they face when dealing with a multiplicity of tokenisation platforms. And on the digital currency side, while the latest Atlantic Council figures show that over 130 countries and currency unions are currently exploring a central bank digital currency (CBDC), significant work is still needed to integrate these emerging currencies into the wider global economy.

Enabling global interoperability

For 50 years, Swift has played a vital role in increasing global interoperability and enabling fast, frictionless, and secure transactions. And, as we move into the next phase of our strategy, we’ll continue to expand on our ability to interoperate new systems, technologies, assets and currencies.

In our innovation labs, we’ve been proactively exploring potential solutions to the challenge of extending global interoperability to CBDCs and tokenised assets for a number of years now. Recently, we’ve brought the industry together in a series of breakthrough research projects to explore how existing Swift capabilities and infrastructure can seamlessly support interoperability across different asset classes and network types.

Our successful blockchain interoperability experiments showed how Swift’s infrastructure can facilitate the transfer of tokenised value across public and private blockchains. And our Phase 1 and Phase 2 CBDC sandbox projects – carried out with leading central and commercial banks from across Europe, Asia and North America – demonstrated how we can interlink CBDCs on different networks and interlink multiple asset and cash networks.

Now we’re setting our sights higher
Our vision is for our members to be able to use their Swift connection to transact interchangeably using both existing and emerging asset and currency types.

We have a strong track record as a trusted and efficient central platform for transactions using fiat currencies and securities instruments. Now we’re further evolving our infrastructure to be able to offer our members the same level of access to emerging digital asset classes and currencies across a range of use cases in payments, securities, FX, trade and beyond.

Building on what we’ve learned, we’re paving the way towards real-world solutions capable of interlinking various forms of digital assets and currencies – including plans to test how to enable multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions on Swift’s secure, global platform. In the future, this could enable securities buyers to simultaneously pay for and exchange tokenised assets in real time on our network.

Without a globally accepted digital form of money, the cash leg in the execution of DvP settlement is particularly challenging. So we’re looking at ways to connect tokenised asset settlement with the corresponding payment transfer taking place on the Swift network. The payment leg will initially be made using existing fiat currencies, but will later be able to use tokenised forms of money, such as CBDCs, tokenised commercial bank money, or regulated stablecoins.

Finally, we’re also testing how our interlinking capabilities could be used as the technical solution to interlink emerging bank-led networks such as the US Regulated Settlement Network with other financial infrastructure.

What’s next?

While much has already been achieved, it’s clear that there’s still plenty of work to be done.

Together with the financial community, we’re continuing to develop the technical solutions needed to achieve digital asset and currency interoperability and access. In the coming months, we’ll also be exploring what implementation will mean for the workflows, standards and market practice requirements needed to achieve scale – with more info to come ahead of Sibos 2024.

We’re excited for the future of digital assets and currencies on our network and will continue to collaborate with our community to drive progress in this area.

https://www.swift.com/news-events/news/streamlining-global-movement-digital-assets-and-currencies

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Built On Stellar XLM 💎 😉

Blockchain adoption demands both privacy and transparency. Stellar is built for both.

@tomerweller, SDF's Chief Product Officer, shares the path to privacy on Stellar:

Dont underestimate Stellar..
This is financial advice. 💎

00:01:01
⚠️ The entire cross-chain bridge & CEX model is built on a flawed premise ⚠️

The entire cross-chain bridge & CEX model is built on a flawed premise: custodial trust. This is a bug, not a feature.
​What if you could execute a native BTC <> native SOL (or ETH, USDC, USDT, XRP, RWAs, tokenized assers, etc.) swap with zero counterparty risk? No bridge, no CEX, no wrapped assets, not even a DEX!

​This video breaks down the P2P atomic swap architecture that makes it possible. (Thread 👇)

https://x.com/ReggieMiddleton/status/1973467803656032281

00:02:12
In the first SEC-CFTC Joint Roundtable in 14 years, Pyth is mentioned.

✓ The US Dept of Commerce worked with Pyth to bring data onchain

✓ Institutions are using Pyth data in live trading models

Dave Olsen, from Jump Trading Group at the SEC-CFTC Joint Roundtable ⬇️

00:00:37
👉 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
Never Forget... 💉 ⚕️ 🩸 🐍

🚨STUDY: "Millions Saved" COVID Shot Myth OBLITERATED

Peer-reviewed analysis exposes how the vaccine cartel propped up its fraudulent talking point — “millions of lives saved” — with computer models, false assumptions, and censorship ⬇️

Step 1 — The Modeling Scam:
“Millions saved” came from computer models, not real data. Watson (Lancet), Meslé (Eurosurveillance), and a Commonwealth Fund blog stacked assumptions, ignored natural immunity, and excluded harms. Political projections, not science.

Step 2 — The ‘Stop the Spread’ Lie:
Those models only worked because they assumed shots blocked infection chains. But COVID shots never prevented infection or transmission. Breakthroughs appeared within weeks, and by 2022 the boosted were driving waves. Core input = false.

Step 3 — Zero Proof of Deaths Prevented:
When transmission collapsed, the cartel claimed shots still prevented millions of deaths. Yet RCTs showed no mortality benefit (Pfizer: 15 vs. 14 deaths), observational ...

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🚨The @SenFinance hearing on digital asset taxation. You can watch at the link here ⬇️

https://www.finance.senate.gov/hearings/examining-the-taxation-of-digital-assets

Yes, XRP has already been tested against African crypto regulatory frameworks for cross-border payments.✅

Twice.😏💨

This is documented below.📝👇

OP: Smqkedqg

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

Source

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If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
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XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
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List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain are EternlTyphonVesprYoroiLaceADAliteNuFiDaedalusGeroLodeWalletCoin WalletADAWalletAtomicGem WalletTrust and Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention to Non-Custodial and Compatibility fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

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