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Turkey seeks to become full SCO member

Gesara.news » News » Turkey seeks to become full SCO member

News Date: September 17, 2022

Turkey's Erdogan targets joining Shanghai Cooperation Organization, media reports say.
'Now our next process will be steps towards this end. This is our goal,'
he said in reply to a journalist's question whether Turkey was considering the possibility of becoming a member of the SCO.
Source: reuters.com

Debt relief for middle-income countries

The President of the UN General Assembly advocates for debt relief for middle-income nations.
Csaba Korosi, president of the UN General Assembly, called for debt relief and fair access to new technology for middle-income nations on Thursday.
He stated at a high-level meeting of the General Assembly on middle-income countries that the 110 middle-income countries, which make up roughly one-third of the global GDP and three-quarters of the world's population, are the main forces behind global development.

What Is Fiat Money?

Fiat money is a currency that is backed by nothing except the faith and credit of the government issuing it.
Basically every usable currency around the world today is a fiat currency.
The U.S. dollar has been fiat since 1971.
Fiat money is a currency that is declared money by decree-not by the marketplace.
Though some fiat currencies were once backed by commodities, they are now only backed by the legislative power of the government issuing them.
Source: thebalance.com

Ripple Swell event 2021

Ripple Swell is the annual conference held by the American technology company Ripple.
It is a private event for Ripple customers, prospects, and partners only.
Ripple Swell event 2021 is coming on November 9-10, virtual-only.
Leading industry discussions, networking, and interactive surprises.
Maybe Ripple is planning to announce something big.
Sources: swell.ripple.com

Federal Reserve Endorses Ethereum-Backed Alternative To Libor

Jerome Powell, the current Chair of the US Federal Reserve, recently stated that an Ethereum-backed blockchain project operating as a reference rate called AMERIBOR could serve as a potential replacement to LIBOR.
Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin, USD Coin (USDC). USD Coin is on the Ethereum blockchain. The execution of issuing and redeeming USDC tokens is ensured with ERC-20 smart contract.
Source: forbes.com
A district court in China has reportedly ruled that Ethereum's cryptocurrency is legal property with economic value.
While cryptocurrency is not legal tender in China, people can hold and transfer them like property.
Source: bitcoin.com

Merry Christmas to our community!

Wishing you a Christmas filled with the warmth of love, the joy of togetherness, and the blessings of peace.
May this festive season bring laughter to your homes, happiness to your hearts, and a renewed sense of hope for the coming year.
Thank you for being part of our community. Your support means the world to us. Here's to celebrating the spirit of love, kindness, and generosity not just today, but throughout the year.
Merry Christmas and abundant blessings to you and your loved ones.

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