TheDinarian
News • Business • Investing & Finance
? 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!
Interested? Want to learn more about the community?
IMF Podcast: Reforms amid Great Expectations: Sub-Saharan Africa’s Outlook

In This Episode:

With sub-Saharan Africa soon to have one of the largest working-age populations in the world, removing barriers to business growth and encouraging higher productivity industries will help provide the employment opportunities it needs.

But reforms don’t come easy. Wenjie Chen and Andrew Tiffin are economists in the IMF’s Africa Department and produce the Regional Economic Outlook for sub-Saharan Africa. In this podcast, they say addressing development needs while realizing reforms that create sufficient jobs will help garner public support and improve regional prospects.

https://www.imf.org/en/News/Podcasts/All-Podcasts/2024/11/13/AFR-REO-OCT-2024

Interested? Want to learn more about the community?
What else you may like…
Videos
Podcasts
Posts
Articles
💥 Coming To Theta Drop 💥

Step into a world where humans, synthetics, and alien reptiles clash in an epic battle powered by AI. Choose your side, unlock rare synthetics, and shape the fate of Earth. Are you ready to join the fight?

@NeuralHavocGame by @ivory_symbiote

Coming soon to ThetaDrop

00:01:06
🔑 Unlock next-level perpetuals and options on Sonic 🔐

MarginZero lets you trade perpetuals and options omni-chain, oracle-free, without upfront margins or price-based liquidation.

🥇 Boom Winner | Emerald Tier
https://x.com/marginzero_xyz

00:00:10
👀Ripple's University Blockchain Research Initiative (UBRI)👀

Championing blockchain research and development in academia is at the heart of Ripple's University Blockchain Research Initiative. With a mission to inspire and educate the next generation of blockchain builders, UBRI has supported:

⭐️ 1200+ research projects
📚 850+ courses
📍900 on-campus events
🔗 90 projects on the XRP Ledger
✅ 60 students hired

UBRI is empowering students and faculty to shape the future of blockchain technology. And we’re just getting started:https://ripple.com/impact/ubri/

00:02:59
👉 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
🚨 Why The Theta Network is a Sleeping Giant Ready to Shock the Market! 🇺🇸

I believe THETA has 🌐 MASSIVE potential that’s been flying under the radar—this cycle, it's set to surprise a lot of people, and deserves some spotlight. 🌟

Big shoutout to @planetmindbody 🙌 for introducing me to Theta years ago. He always said it was one of the “dark horses” 🐎 of crypto, and he was right. Thank you for everything you do for the community! 🙏

And to Andrea Berry, Mitch Liu, Wes Levitt, and the rest of the team—phenomenal work 💪 leading the way!

Shoutout to @PogDigital🎮, the ultimate nostalgic gaming coin bringing us together, and @PopAndMags 'Pinecast' for keeping us updated and entertained on all things Theta. 🎙️

Finally, a huge thank you to all the OG Theta supporters for pushing the movement forward. 💥

Tag the squad below, you’re all legends! 👇💯

@ThetaLeviathan, @thetainvestor, @1111bigdog
@brad_pistol, @ThetaYork1, @Thetafund & so many more! 🎉

Watch the full video here 👇🏼

💥 VeChain has been upgraded to AAA in the ARIA Crypto AAA Index💥

$VET has been upgraded to AAA- Top Investment Grade at ARIA for the first time. VeChain as a standout layer-1 blockchain, with exceptionally strong fundamentals as assessed by ARIA's 35+ metrics used to rate Crypto assets.

👉 https://aria-crypto.com/app/ratings

post photo preview
💥 Trump is About to Change Everything For Tech Startups 💥
placeholder
post photo preview
Ripple vs SEC Update: XRP Lawsuit Takes Positive Turn Ahead of 2025 Trial
Story Highlights
  • XRP News Today: Ripple scores a significant legal victory as a US court rules in favor of Ripple Labs in the ongoing XRP lawsuit, narrowing the scope of class claims.

  • Ripple Lawsuit Update: Judge Phyllis Hamilton grants Ripple’s motion for final judgment on settled class claims, limiting the case and setting a trial date for January 2025.

  • The news of Ripple's legal win boosts XRP sentiment, with potential positive effects on XRP price action in the coming months

     

    In the latest development, Ripple has scored a legal victory. In the ongoing In re Ripple Labs Inc. litigation, a US court has ruled in favor of Ripple Labs, XRP II LLC and Brad Garlinghouse. This is a huge win for Ripple in the long-running case over unregistered securities sales. Judge Phyllis Hamilton granted Ripple’s motion for final judgment on certain class claims, which limits the case and sets up a trial in January 2025.

     

    Key Lawsuit Details

    Ripple and the plaintiffs jointly filed a motion seeking final judgment on settled class claims and a pause on remaining claims while appeals are pending. Judge Phyllis Hamilton’s order specifically addresses the class action claims related to unregistered securities sales, Ripple’s potential liability as a “control person,” and alleged California securities law violations.

    With this ruling, the court has scheduled a trial for January 21, 2025, while pausing previous pretrial deadlines until appeals of the class claims are resolved.

     

    Ripple’s Push for Clarity

    Ripple’s request for this final judgment aims to streamline the legal process, clarify remaining claims, and shorten the case’s timeline. The court has also encouraged both sides to consider alternative dispute resolutions, hinting that settlement discussions may be on the horizon in the coming months.

     

    Implications of the Ripple vs SEC Case

    The Ripple case has implications for the SEC v. Ripple Labs case where the U.S. SEC is accusing Ripple of violating federal securities laws. Ripple’s win could further enhance the confidence in their stance against the SEC.

     

    Especially after Trump has hinted towards regulatory clarity in the industry, and promised to fire Gary Gensler, the market anxiously awaits an action from the administration. Legal experts and Ripple CTO David Schwartz believe that a dismissal or settlement is possible. Attorney Fred Rispoli had stated that while a settlement appears more realistic, however, a full dismissal might be unlikely. 

     

    Gary Gensler To Exit Soon?

    While Trump’s inauguration is set for January 20, the pro-XRP attorney James Murphy (MetaLawMan on X) believes Gensler may vacate his post as early as this month. Gensler’s potential resignation and a pro-crypto replacement could fuel a significant market resurgence.

    XRP’s price remains closely tied to the regulatory clarity surrounding the token. Attorney Case Darwin agreed with a trader who noted that ‘not owning XRP during this run will be one of the biggest mistakes many will make’. He shared that people will not buy it, as the SEC appealed the district court’s decision, in which Ripple won a resounding victory. He emphasized that the BTC hype and its appeal will keep them away. XRP is currently trading at $0.7263, up over 3% in the last 24 hours.

     

    With the stakes higher than ever, Ripple’s victory is more than a win—it’s a turning point for crypto.📈

     

    Link

     

Read full Article
post photo preview
Digital SNB Bills premature says Swiss National Bank after DLT monetary policy trials

In June the Swiss National Bank (SNB) extended its wholesale central bank digital currency (wCBDC) pilot by two years. That major news overshadowed another groundbreaking first: the central bank conducted DLT-based monetary policy operations by issuing CHF 64 million in digital SNB Bills on the SIX Digital Exchange’s DLT. They were redeemed seven days later.

This week the central bank shared findings about the trial, which formed part of Project Helvetia III, its wholesale CBDC initiative. It concluded that this approach is feasible and effective.

However, most of the other findings amounted to digital SNB Bills being a new process that would therefore require additional work. The SNB views DLT as still being niche, with relatively low volumes.

“Hence, the question of whether to conduct monetary policy operations on a DLT-based infrastructure is premature. Ramping up such operations would also entail significant investment for the SNB, its counterparties as well as infrastructure providers,” the paper states.

How it worked

The central bank would usually issue SNB Bills to mop up liquidity in the banking sector. In this case, the bills were a bit shorter than usual – seven days rather than the usual 28 days minimum. It involved a smaller than normal group of pilot banks and the digital SNB Bills weren’t auctioned on the usual CO:RE repo platform.

Two days after the Bill auction, the digital SNB Bills were issued in much the same way as other digital bonds that have been issued on SDX. Plus, the banks converted central bank reserves to the wCBDC on SDX. As soon as that happened the transfer of the wCBDC and the Bills happened atomically. On redemption, the Bills were returned to the central bank with the banks receiving wCBDC in an atomic settlement transaction. The SNB noted that the wCBDC represents central bank reserves in a different form, which makes it effective for monetary policy purposes.

Digital SNB Bill findings

Firstly, the SNB acted as issuer, issuer agent and paying agent. It found this improved transparency and reduced coordination efforts. However, it would usually delegate some of these tasks to the central securities depository (CSD).

Secondly, using a wCBDC required an extra step beyond basic cash management. Finally, automation was out of scope for the test but would be necessary to enable straight through processing.

Hence, the conclusion that the extra work is not currently justified given the progress of DLT adoption.

Meanwhile, the SNB and SDX are both participants in Project Agorá, the tokenized cross border payment trials organized by the BIS. It involves seven central banks and over 40 private institutions.

 

Link

Read full Article
post photo preview
"The Manhattan Project" Of Our Time: Musk And Vivek Ramaswamy To Head Department Of Government Efficiency (DOGE)

Elon Musk and Vivek Ramaswamy have been selected by President-elect Donald Trump to head the Department of Government Efficiency (DOGE), where they will "slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies," according to an official release from the Trump-Vance transition team, which called this "potentially, the "Manhattan Project" of our time."

According to the statement, "Their work will conclude no later than July 4, 2026" - the nation's 250th anniversary.

Musk previously predicted he could cut at least $2 trillion from the US federal budget, while Ramaswamy suggested firing federal workers based on their social security numbers.

"Here’s how: if your [Social Security number] ends in an odd number, you’re fired," he wrote on X.

In September, Ramaswamy told podcaster Lex Fridman: "Get in there on day one, say that anybody in the federal bureaucracy who is not elected, elected representatives obviously were elected by the people, but the people who are not elected, if your social security number ends in an odd number, you’re out, if it ends in an even number, you’re in. There’s a 50% cut right there. Of those who remain, if your social security number starts in an even number, you’re in and if it starts with an odd number, you’re out. Boom. That’s a 75% reduction done. Literally, stochastically, okay, one of the virtues of that, it’s a thought experiment, not a policy prescription, but one of the virtues of that thought experiment is that you don’t have a bunch of lawsuits you’re dealing with about gender discrimination or racial discrimination or political viewpoint discrimination."

More:

He also said:

So the way I would do it, 75% headcount reduction across the board in the federal bureaucracy, send them home packing, shut down agencies that shouldn’t exist, rescind every unconstitutional regulation that Congress never passed. In a true self-governing democracy, it should be our elected representatives that make the laws and the rules not unelected bureaucrats. And that is the single greatest form of economic stimulus we could have in this country, but it is also the single most effective way to restore self-governance in our country as well. And it is the blueprint for, I think, how we save this country.

...

...most people who have run a company, especially larger companies know this, it’s 25% of the people who do 80 to 90% of the useful work, these government agencies are no different.

And how many government workers do we have?

Watch the entire interview here:

"This will send shockwaves through the system, and anyone involved in Government waste, which is a lot of people," Musk said on Tuesday in a statement provided by the Trump transition team.

Earlier in the day, Trump said the new government efficiency effort would develop a plan to eliminate "fraud and improper payments," conducting a "complete financial and performance audit" of the federal government. Trump also said that the panel would partner with the White House's Office of Management and Budget.

In the last fiscal year, the federal government spent more than $6.75 trillion - of which more than $5.3 trillion was spent on Social Security, health care, defense and veterans’ benefits.

Related:

Read the full press release below:

Here we go?

Link

 

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals