Zimbabwe to issue more gold coins

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News Date: August 12, 2022

Zimbabwe hails gold coin success and wants to issue more.
Gold coins used as currency in Zimbabwe will soon be available in smaller denominations, the central bank says.
Those higher-value gold coins are available to buy at approved banks and are tradeable locally.
Sources: bbc.com

Central banks gold reserves switch

The central banks are increasingly concerned about inflation, and the major ones start giving out signals that they won't let inflation run too hot, even if it means slower growth.
In commodities, the upside potential in gold is more than just a safe haven hedge, as the rising geopolitical tensions and the latest sanctions imposed on the Russian central bank will bring the central banks around the world to reconsider their FX holdings, and start shifting towards a nationless gold.
Source: youtube.com

Fed testing FooWire blockchain with Hyperledger

Federal Reserve detailed FooWire distributed ledger experiment designed to test whether the technology is suited for payments application.
The team built the system using Hyperledger Fabric, a popular DLT platform, because it generally met the team's design requirements of a closed network, mature technology, and enterprise readiness. The experiment highlighted the potential of DLT for certain payment uses, the quick speed with which a system could be implemented, the potential simplicity of smart contracts, and the range of functionality offered by such platforms. It further highlighted the need for more experimentation to better understand the possibilities for wide-scale adoption and use of any DLT platform for payments.
Source:www.federalreserve.gov

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

HSBC Launched Gold Tokens in Hong Kong

HSBC has introduced a novel opportunity for retail investors in Hong Kong by launching a gold investment option in the form of digital tokens.
Through its online banking service and app, customers can now purchase real gold using these tokens.
This initiative marks the first instance of HSBC utilizing its private distributed ledger for everyday investors, powered by its digital assets platform, Orion.
The platform enables the issuance and storage of digital assets such as bonds. The HSBC Gold Token, created through this platform, represents physical gold bars and can be traded through the bank's single-dealer platform, paving the way for retail products driven by the Orion platform.

What is Quantum Internet

Traditional computer data is coded in either zeros or ones. Quantum information is superimposed in both zeros and ones simultaneously.
The quantum internet is a network that will let quantum devices exchange some information within an environment that harnesses the odd laws of quantum mechanics.
In theory, this would lend the quantum internet unprecedented capabilities that are impossible to carry out with current web applications.
Sources: trevorwinchell.com