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News Date: May 13, 2020

Once Anti-Bitcoin, JPMorgan Provides Banking Services to Crypto Exchanges Coinbase and Gemini.
Source:cointelegraph.com

HSBC Trials Quantum-Secure Tech for Tokenized Gold

HSBC has announced a successful trial of quantum-secure technology for buying and selling tokenized physical gold, a significant step in safeguarding financial applications from future quantum computing threats.
HSBC was the first global bank to offer tokenized gold to institutional investors using distributed ledger technology (DLT) and later expanded this offering to retail investors in Hong Kong through the HSBC Gold Token.
The trial also demonstrated interoperability between gold tokens using post-quantum cryptography (PQC), enabling safe movement of digital assets across ledgers and the conversion of HSBC's tokens into ERC-20 fungible tokens for enhanced distribution.

BRICS Confirms the Gold Standard

At the upcoming BRICS summit in October in Kazan, tools for an inclusive international financial system will be discussed, according to Andrey Mikhailishin, head of the financial services task force of the BRICS Business Council, in a statement to TASS.
Key projects include a common unit of account (Unit), a platform for international digital currency settlements (Bridge), a payment system (Pay), a settlement depository (Clear), an insurance system (Insurance), and a rating alliance.
The new system aims to decentralize international cooperation and leverage digital technologies.
The Unit will be linked 40% to gold and 60% to a basket of BRICS national currencies, addressing exchange rate volatility.

BRICS Considers a global Stablecoin

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.

BRICS plans an alternative to the IMF

Russia has urged its BRICS partners to establish an alternative to the International Monetary Fund (IMF) to counteract political pressure from Western nations. This proposal comes as BRICS finance ministers and central bank officials gather in Moscow.
Russian Finance Minister Anton Siluanov, hosting the meeting, emphasized that the global financial system is dominated by Western countries.
He called for the group, which represents 37% of the global economy, to create a financial institution independent of Western control.
"The IMF and the World Bank are not performing their roles. They are not working in the interests of BRICS countries;
It is necessary to form new conditions or even new institutions, similar to the Bretton Woods institutions, but within the framework of our community, within the framework of BRICS," Siluanov said on the first day of the meeting.

Biblical conjunction of Jupiter and Saturn on December 21

The alignment of Jupiter and Saturn will appear in the skies on December 21, the winter solstice. The last time the rare alignment of the planets was this close was in 1623, nearly 400 years ago. That was only 14 years after Galileo discovered the moons of Jupiter with the invention of the telescope.
Days before Christmas, Jupiter, and Saturn will look like one bright star - some believe the alignment is the same described in the Bible.
This alignment should lead to realization, possibly a great awakening.
Sources: truepundit.com, www.youtube.com, www.theblaze.com