BRICS Considers a global Stablecoin

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Date: April 23, 2024

BRICS nations are considering a stablecoin for international trade settlements.
Sergei Ryabkov, Russia's Deputy Foreign Minister, hails this move as groundbreaking.
He also states that BRICS is also exploring a platform for digital payments.
Ryabkov: "BRICS is moving forward, creating an important precedent."
Russia has also hinted at issuing a gold-backed stablecoin.
With member nations amassing gold reserves, the idea gains traction.

Executive Order on Preventing Online Censorship

Trump signs social media executive order that calls for removal of liability protections over censoring.
The executive order calls for new regulations under Section 230 of the Communications Decency Act to make it so that social media companies that engage in censoring any political conduct will not be able to keep their liability shield, the president said.
Source:whitehouse.gov

PayPal, Venmo to Roll Out Crypto Buying and Selling

Fintech giant PayPal plans to roll out direct sales of cryptocurrency to its 325 million users, according to three people familiar with the matter.
Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.
Source:coindesk.com

Gold is the Real Safe Haven Asset

Gold is finally outperforming the way one would imagine. It's not always about the absolute performance as it is about the relative performance.
As Bitcoin surged from March 2020 through 2021, the market was convinced that Bitcoin was the "new" digital gold, the new store of value asset.
As Bitcoin surged to new highs at each passing day, this became a self-fulfilling prophecy.
Gold was seen as the stepchild, given no attention whatsoever as traders chased the greed and FOMO 100%+ returns in crypto assets.
Year to date, Gold is now up 6% vs. Bitcoin down 25%.
Source: thestreet.com

Trump middle-class tax cuts benefit confirmed

Despite what media and Dems say, Trump's tax cuts benefited the Middle Class the most according to IRS data.
Most middle-income and working-class earners enjoyed a tax cut that was at least double the size of tax cuts received by households earning $1 million or more.
The Tax reform provided the greatest benefits for the middle-income class and spurred economic growth that helped reduce poverty and improve prosperity.
Source: thehill.com

The longest partial lunar eclipse of the century next week

The partial lunar eclipse will last three hours 28 minutes and 23 seconds. It is also the longest partial lunar eclipse for 580 years.
Everything you need to know about the longest partial lunar eclipse in 580 years:
The event will begin on November 19 at approximately 2.19 a.m. EST.
a) Everyone in North America will see it;
b) Don't miss the 'max red' moment;
c) Get up earlier to see 'Half Blood Moon';
d) It is the longest partial lunar eclipse this century;
e) The southern limb of the Moon won't turn red.
Sources: insiderpaper.com