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Bill Gates wants to dim the sun- which makes no sense
Hedera Hashgraph’s HBAR token has surged over 15% after the U.S. Federal Reserve’s instant payments platform FedNow added "Dropp," a Hedera-based micropayments platform, as a service provider.
Dropp is a pay-by-bank alternative to credit card payments which allows merchants to accept small-value purchases digitally without large transaction fees, according to FedNow’s press release. Dropp allows micropayments in Hedera’s HBAR, the U.S. dollar and Circle’s USDC.
Hedera Hashgraph describes itself as a uniquely structured blockchain compared to other chains due to its usage of hashgraph consensus. Hedera is the only public distributed ledger that uses this, according to the company, which notes that Hashgraph achieves 10,000+ transactions per second and low-latency finality in seconds.
Hedera has seen a number of updates over the past few months, FreshSupplyCo (FSCO), a platform that tokenizes assets across the agrifood supply chain, integrated Hedera into its payment trigger API which was previously used on the discontinued private Mastercard Provenance blockchain. South Korean bank Shinhan Bank also recently completed a stablecoin remittance proof-of-concept pilot which was built on Hedera’s open-source public network.
America is becoming less reliant on physical currency, with only 59% of Americans using cash on a weekly basis. Some reports suggest that as few as 18% of global point-of-sale transactions are in cash. Many central banks, such as the Federal Reserve, have expressed interest in using a digital form of fiat currency known as a central bank digital currency. Countries like China, Australia, and India are already using CBDCs.
According to a report issued by the White House, CBDCs can be interoperable with those from other countries, enabling fast, cheap cross-border payments. They can also eliminate the risks posed by bank runs, increase financial access for unbanked individuals, and lower costs for financial infrastructure.
Central bank digital currencies don't necessarily rely on blockchain technology, as cryptocurrency does. Some use centralized ledgers or non-blockchain distributed ledgers. Still, blockchain and other distributed ledger technologies, such as directed acyclic graphs, could benefit CBDCs in many ways. For one, these technologies are well-established, so central banks could save time, money, and effort when developing CBDCs. Additionally, cryptocurrency-based ledger technologies are well-known for lightning-fast international settlements. Hedera's distributed ledger technology, hashgraph, is also carbon negative, so a central bank wouldn't expand its carbon footprint when building a CBDC.
originally posted by: hangedman13
So I am once again going to throw out an interesting storyline that is going on in the comic book world that has a creepy connection to some of our vaccine discussions. In the current X-Men titles there were new drugs developed to help humanity. They had created life span enhancing drugs that added five years to overall lifespan, a drug to treat Alzhimers and a cancer treatment. All based on comic book world plants but that is not the point. The point is that in recent stories the drugs were "hacked" by the series antagonists. The hack allows them to basically control anybody that took said medicine. I have the feeling that the X-Men comics are tapped into the zeitgeist. Trans-humanism, AI, tainted vaccines and for ironies sake future proves the past. It's becoming weirder and weider how much the themes are running parallel with the real world.
Russia’s central bank has hiked interest rates by 3.5 percentage points in an emergency move aimed at halting the rouble’s recent slide, after it fell to its weakest point in almost 17 months.
The decision to raise the key rate from 8.5% to 12% was announced after an extraordinary meeting of the bank’s board of directors, called after the rouble plunged past the psychologically key level of 100 to the dollar on Monday morning.
Shares in Country Garden real estate developer went into freefall on Monday, after the Chinese developer hinted multi-billion losses and suspended trading on almost a dozen of its corporate bonds.
Woes began for Country Garden, formerly China’s largest property developer by sales, when the firm missed an international bond repayment sparking a panic sell-off in the company’s own bonds.
U.S. stocks closed lower Tuesday as downbeat news on China's economy clashed with rosier views about the strength of the American consumer, which add more fodder for the debate on the Federal Reserve's next move.
A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades on dozens of U.S. banks that could even include the likes of JPMorgan Chase.
The credit rating firms relied upon by bond investors have roiled markets lately with their actions. Last week, Moody's downgraded 10 small and midsized banks and warned that cuts could come for another 17 lenders, including larger institutions like Truist and U.S. Bank. Earlier this month, Fitch downgraded the U.S. long-term credit rating because of political dysfunction and growing debt loads, a move that was derided by business leaders including JPMorgan CEO Jamie Dimon.