#custodia-bank

[tomluongo]

Long-time Bitcoin advocate and Wall St. vetern Caitlin Long joins me for one of my favorite conversations in the history of this podcast. We try to come to grips with contradictory behavior from the Federal Reserve and the reasons why these moments are so critical to the future of not just money but humanity itself. Show Notes: Caitlin on Twitter Custodia Bank Caitlin's Website Luongo: Crypto Liquidity and the Lifecycle of Ponzi Schemes Luongo: FDIC Insurance, Credit Suisse and the Day the Fed Killed Europe GGnG Podcast: Ep#133 Danielle Dimartino Booth

[talmagemoorehead]

First-principle thinking on Bitcoin and Banks

Who can remember the word hypothecation? Let's call it "H" (like heroin, close to pure evil). It's the dark magic that banks and stock brokers use to take legal possession of your assets without you knowing. When they go bankrupt, you lose.

Drawing from the video below, consider this: If you parked your car at a fancy restaurant, gave your keys to the valet, went in for dinner and the restaurant went bankrupt while you finished your Tiramisu, you could still legally step outside, grab your car keys and drive home. The vehicle was your property the whole time you were eating, even though you gave the keys to the valet. Common sense…

[reddragdiva]

by Amy Castor and David Gerard

In this episode:

Ethereum front-runners get front-run

Coinbase looks to play CeFi games (and re-enact 2022)

Uniswap refutes SEC accusations by detailing why they're true

Telegram's TON adds Tether

Custodia Bank is still trying again, and we seem to be the only people in crypto to notice that Lummis' stablecoin bill is a loophole written for Custodia

Money laundering, Binance, FTX, Craig Wright and all sorts of other fun.

We also have a life-sized cardboard cutout Sam Bankman-Fried, for all your many, many life-sized cardboard cutout Sam Bankman-Fried needs.

[beardedmrbean]

A wave of demonstrations across Angola has been triggered by a government decision to cut subsidies for petrol. 

The move to cut the subsidies was aimed at curbing government spending — but resulted in sharp fuel price hikes.

Thousands of young people — including many motorcycle taxi drivers — demonstrated on Saturday against the increase in fuel prices in the Angolan capital, Luanda, and other cities in the southern African country.

Heavy-handed police tactics

In Luanda, a heavy police presence patrolled the streets from Saturday morning, before firing tear gas to disperse a crowd that had gathered in the east of the capital. Several people were injured and the police made multiple arrests. 

"In Luanda, we arrested 32 demonstrators, and in Benguela, 55. The demonstrators were violent and attempted to set up roadblocks with burning fuel canisters and rubber tires," police spokesman Mateus Rodrigues told a press conference.

Activist Dito Dali, one of the organizers of the Luanda protest, contradicted the police account.

"We were peaceful. The police used violence without any reason. We have hundreds of photos and videos of the injured, some of which we have also posted on social media. It is only thanks to our composure that there were no deaths — as happened recently in Huambo," Dali told DW, referring to a protest in the central city during which police opened fire on a demonstration that authorities said had turned violent. Five people died in the Huambo protest. 

Fuel price hike was the last straw

The World Bank and the International Monetary Fund (IMF) had long been calling for Angola to reduce fuel subsidies, and their removal resulted in the gasoline price increasing from 165 kwanza (€0.25) to 300 kwanza (€0.48) per liter on May 3, 2023. 

Angola is one of Africa's largest oil producers;however, it does not have sufficient refineries to meet its domestic demand for diesel and gasoline and therefore has to import a large portion of fuel at high costs.

Consumer fuel prices were heavily subsidized, which meant that fuel prices for end consumers were kept very low. But in 2022, fuel subsidies burdened the Angolan state budget with approximately €3.2 billion. 

Street vendors at risk

Even higher costs are expected this year. Angola's street vendors have also been bearing the brunt of the price hikes.

"It is unbearable that the government continues to make our lives more difficult," street vendor Custodia dos Santos told DW reporter Borralho Ndomba in Luanda.

"That's why we joined the taxi drivers in their protests against the increase in fuel prices. Our survival and the survival of our children are at risk."

Custodia also mentioned the daily harassment street vendors face as Luanda's provincial government tightens measures against informal street traders. 

"We are regularly detained by security personnel or the police," she said. "We have to keep giving them money just to be able to continue working."

NGOs also under pressure

The protests have been further fueled by hundreds of NGO workers who are also very dissatisfied with their government which supports a new bill that aims to further regulate NGOs and associations.

Several Angolan NGOs launched a nationwide campaign against the proposed law earlier this week and warned that the government's goal was mainly to "control organizations." 

"If this law is enforced, we will find it difficult to continue our work," said Guilherme Neves, chairman of the human rights organization Associacao Maos Livres ("Free Hands Association") which has long been involved in helping persecuted activists and journalists.

The new law proposed by the ruling party MPLA is a kind of "license to erase non-governmental organizations that are not government-compliant," Neves added.

The OMUNGA Association — which has been promoting rural development and implementing rural projects for years — also sees itself threatened by the new law.

"Our government is becoming increasingly authoritarian. They want to control and regulate everything; they want to influence all activities of civil society. This is totalitarian," the association said in a statement.

"The protests of last weekend were only the beginning of our nationwide resistance movement," said activist Dito Dali.

"They will have to get used to the fact that we will no longer remain silent. The increase in fuel prices was just the straw that broke the camel's back."

[queenofcandynsoda]

Sol Fertilis: Omega Laws

The Omega Laws are a set of laws and mandates created to enforce “traditional” Omega roles in Verdorica and, later, Sol Fertilis. This is prior to the five “Open Policy Omega Laws”, where Omegas gain small but significant rights.

Omega Heat Suppression Ban (Lex Inhibitionis Caloris Omega)- The legal prohibition of heat suppressant medications or treatments for Omegas. This also extends to other forms of birth control for Omegas.

Omega Employment Realignment Act (Lex Reordinatio Implicatio Omega)- To remove Omegas from employment in all sectors. This is meant to have Omegas prioritize reproduction and child-rearing. This law was passed without the knowledge of the general public.

Marital Unification Act (Lex Coniugis Unificationis)- This law annulled all marriages between Omegas and non-Alphas. This also prevents any Omega from getting a marriage certificate if their spouse is not an Alpha. By default, cross-rank relationships are banned. 

Omega Educational Exclusion Act (Lex Exclusio Educandi Omega)- This law effectively prohibited Omegas from attending or entering colleges and higher education institutions.

Omega Education Restructuring Act (Lex Restructura Educandi Omega)- This law brings in a different curriculum for Omega students and is revised to emphasize subjects that are deemed suitable for their future roles and responsibilities within society. This only focuses on childrearing, domestic skills, and textile arts. 

Omega Financial Freeze Act (Lex Congelatio Financiarum Omega)- This froze all bank accounts that are under any Omega’s name. None of them can’t have access to them. Their money would be sent to their Alpha spouses’ names or the government take the money until they get married. 

Omega Mobility Restriction Act (Lex Restrictio Mobilis Omega)- This law banned Omegas from owning and using cars, trucks, bicycles, and other methods of independent transportation. 

Omega Co-Residency Mandate (Lex Cohabitatio Omega)- This legal measure aims to restrict Omegas from living alone. Instead, it mandates that they reside in communal or supervised living arrangements due to purported safety concerns.

Omega Monthly Health Checkup Mandate (Lex Mandatum Mensis Sanitatis Omega)- This law mandates all Omega individuals to undergo monthly medical checkups, primarily focusing on their reproductive and overall health

Omega Creativity Ban (Lex Creativitatis Omega)- This law created a complete prohibition on any form of entertainment, artistic expression, or creative work produced by Omegas.

Omega Travel Companion Mandate (Lex Socii Viatorum Omega)- This law prevents Omegas from traveling alone outside of their homes, especially if they are young or unmarried.

Omega Custody Restriction Act (Lex Restrictionis Custodiae Omega)- This law that restricts non-Alpha and non-Omega citizens from having custody of Omega children. 

Omega Reformation Act (Lex Reforma Omega)- It is the mandatory placement of all Omegas into specialized facilities aimed at "restructuring" their minds and bodies. The four places are the Pink Center, Coelestis Progressus Omega Institutum/Heavenly Progress Omega Institute, Conservatio Omega Domus/Preservation Omega House, and Omega Sanctum.

Omega Rehabilitation and Repurposing Act (Lex Rehabilitatio et Redestinatio Omega)- This law is used to repurpose Omega individuals who have committed criminal offenses into conforming to traditional gender roles focused on family and child-rearing responsibilities. 

Omega Dress Code Act (Lex Vestitus Omega)- It is a clothing mandate that requires Omegas to only wear traditional clothes and shades of red. This is also based on their age and marital status.

[aylindemirnewsexpress]

«Nascondevano il denaro degli evasori» Due fratelli comaschi finiscono in cella

Avrebbero consentito di creare riserve in nero utilizzate per una maxi tangente in Francia

Lui è un nome conosciuto, nella Como che conta. Residenza a Lugano, domicilio di fatto in città, un posto nel board dell’esclusivo golf Villa d’Este, la nomea di mago del fisco con la sua fiduciaria svizzera frequentata da decine di imprenditori del Nord Italia. Da ieri mattina Oscar Ronzoni, 63 anni, è in carcere con l’accusa di riciclaggio internazionale di denaro sporco. In cella anche il fratello, l’avvocato Luca Ronzoni, 54 anni, anche lui residente in convalle, già vicepresidente - tra l’altro - del comitato di vigilanza di Infrastrutture Lombarde, meno di un anno fa uscito con un patteggiamento da un’accusa di frode fiscale.

L’inchiesta

I due fratelli sono stati ammanettati dai finanzieri del nucleo di polizia economico e finanziaria di Milano, che hanno eseguito un ordine di custodia cautelare che li accusa di aver fatto scomparire nei paradisi fiscali qualcosa come 20 milioni di euro (e oltre) di soldi frodati al fisco da decine e decine di clienti con il vizio di non pagare le tasse.

Non solo, perché parte di quel denaro, un milione e mezzo per la precisione, dopo essere stato dirottato all’estero è finito sui conti dei dirigenti di una spa italiana, la Petrovalves Spa, che li hanno utilizzati in parte (740mila euro, secondo l’accusa) per girarli a dirigenti della Technip France così da garantirsi un maxi contratto di fornitura per un lavoro da svariati milioni di euro. Una corruzione internazionale tra privati scoperta dai finanzieri e dalla Procura di Milano (il pm è Paolo Storari) proprio grazie all’analisi della documentazione sequestrata a suo tempo a Oscar Ronzoni e alla sua società con sede a Milano, la Luga srl, legata a doppio filo con la fiduciaria luganese Luga Audit & Consulting.

L’intera inchiesta, che ha coinvolto anche le polizie di Svizzera, Austria e Francia, oltre ad aver partorito rogatorie internazionali anche con Gran Bretagna, Bahams, Canada e Repubblica Ceca, parte da una verifica fiscale che l’Agenzia delle entrate ha eseguito ormai diversi anni fa a carico di Ronzoni. Quell’accertamento avrebbe portato alla luce, nella rilettura delle carte da parte degli investigatori, un ruolo decisivo del fiscalista comasco nel far fuggire capitali all’estero attraverso una serie di schermature solo formalmente (è sempre l’ipotesi accusatoria) lecite.

In sostanza diverse società estere, legate e gestite indirettamente - secondo la Gdf - dai fratelli Ronzoni, avrebbero emesso fatture per operazioni inesistenti per milioni di euro a carico delle società italiane interessate a far sparire il proprio nero all’estero. In questo modo il denaro veniva bonificato sui conti della società che aveva emesso la fattura, salvo poi ripartire verso altri lidi, in particolare Mauritius e Bahamas dove Oscar Ronzoni avrebbe gestito, presso la Amber Bank, un fondo da ben 14 milioni.

Commissione del 18%

Oltre al carcere, il giudice delle indagini preliminari di Milano ha emesso a carico dei fratelli Ronzoni anche un decreto di sequestro di poco inferiore al milione di euro. Stando all’inchiesta la commissione chiesta dal fiscalista comasco per far scomparire fondi altrimenti destinati alle tasse sarebbe stata pari al 18% della cifra complessiva.

[tecnoandroidit]

4 accessori Anker per iPhone e Apple Watch: tecnologia avanzata e prezzi imbattibili - Review

Anker è sinonimo di affidabilità, tecnologia avanzata e prezzi competitivi. Fondata nel 2011, l'azienda si è specializzata in dispositivi che semplificano la quotidianità delle persone. Essa infatti è riuscita, negli anni, a farsi strada nel mercato tecnologico. Proprio grazie alla produzione di accessori affidabili, pratici e innovativi. In questa recensione, esamineremo in dettaglio quattro articoli in particolare, ciascuno destinato a soddisfare esigenze di ricarica, protezione e usabilità. Stiamo parlando dell' L’Anker MagGo Power Bank (10K, Slim), la custodia magnetica MagGo, il cavo di ricarica USB-C 543 e l’Anker MagGo Power Bank. Ma vediamoli singolarmente. Anker MagGo Power Bank: la soluzione ideale per la ricarica portatile Nell’era digitale, i dispositivi mobili sono diventati estensioni di noi stessi. Smartphone, tablet e altri gadget richiedono una costante alimentazione per funzionare. Le situazioni di emergenza possono capitare in qualsiasi momento. Read the full article

[criptox]

"Bank-Class Crypto Custody Ripple: An Innovation in Financial Security"

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Custodia Cripto de Clase Bancaria: Ripple – A Financial Security Innovation

The world of cryptocurrency is constantly evolving, and with it arises the need for top-notch security solutions. Ripple, known primarily for its innovative payment protocol, is now stepping into the realm of crypto custody. With this move, they aim to redefine financial security in the crypto space.

Understanding Crypto Custody

Crypto custody refers to the digital holding of cryptocurrencies and digital assets by a third party, ensuring their safekeeping. This service has become increasingly important as more investors recognize the need for secure storage solutions amidst the risks of hacking and fraud. Ripple's entry into this market showcases their commitment to providing secure services that cater to both individual and institutional investors.

Why is Ripple's Crypto Custody Innovative?

Bank-Class Security: Ripple's custody service is built on the same robust security protocols that banks utilize. This includes multi-signature authorizations and cold storage solutions, ensuring that assets are protected against potential threats.

Regulatory Compliance: One of the significant challenges facing crypto assets is the regulatory landscape. Ripple’s custody solution is designed to adhere to existing regulations, which offers peace of mind for users concerned about compliance.

Scalable Infrastructure: The architecture behind Ripple's custody service is scalable. This means it can grow alongside the needs of users, making it a versatile option for both small traders and large financial institutions.

Bridging the Gap Between Crypto and Traditional Finance

As cryptocurrency continues to gain traction among mainstream investors, services like Ripple's custody solution help to bridge the gap between traditional finance and the new digital economy. By delivering a service that feels familiar and secure to bank-like customers, Ripple is opening the doors for a wider audience to enter the crypto world.

The Future of Financial Security

Looking ahead, Ripple's innovation in the crypto custody arena could set new standards for the rest of the industry. With their focus on security and compliance, other firms may feel pressured to follow suit, ushering in an era where crypto assets are not just alternatives to traditional currencies but also protected investments.

Final Thoughts

The launch of Ripple's custodial solution represents a significant step towards integrating cryptocurrencies into the traditional financial ecosystem. As they work to ensure that their offerings are not only secure but also compliant with regulatory standards, investors can remain optimistic about the future of their digital assets. Whether you are an experienced trader or just stepping into the world of crypto, Ripple is positioning itself as a trustworthy partner in your financial journey.

With innovations like this, it's clear that the future of financial security in the crypto space is not just promising; it's rapidly evolving. Keep an eye on how Ripple and others in the industry will continue to push the boundaries of what's possible in the realm of digital finance.

``` "Bank-Class Crypto Custody Ripple: An Innovation in Financial Security"

[territorioblockchain]

BNY Mellon avanza hacia la oferta de servicios de custodia de criptomonedas

BNY Mellon avanza hacia la oferta de servicios de custodia de criptomonedas Según informó Bloomberg, Bank of New York Mellon, uno de los bancos más antiguos de EE.UU., avanzó la semana pasada hacia la posibilidad de ofrecer servicios de custodia de criptoactivos como bitcoin y ethereum para clientes de fondos cotizados (ETFs). La SEC también otorgó a BNY Mellon una exención de la Normativa…

[blockinsider]

Kamala Harris’ Lackluster Crypto Town Hall Sparks Industry Worries Pre-November Election

Key Points

Kamala Harris’s Crypto Town Hall event disappoints industry, leading to concerns ahead of the election.

The event failed to provide clarity and policy direction on crypto, leading to criticism from industry leaders.

The Crypto Town Hall event, arranged by the “Crypto For Harris” campaign, was a letdown for many industry leaders as it failed to provide the necessary clarity and policy direction.

The absence of Kamala Harris, the key figure of the event, was a major cause of disappointment. Attendees were looking forward to hearing her personal views on crypto. The lack of clear policy statements from her campaign did little to alleviate concerns about her stance on digital assets.

Industry Leaders Express Dissatisfaction

Caitlin Long, CEO of Custodia Bank, expressed her dissatisfaction with the event. She was expecting to hear about Harris’s crypto policy and how the Democrats planned to address the issue of crypto firms being de-banked.

The structure of the meeting also faced criticism. Many felt that the event was more of a lecture than a dialogue. Jake Brukhman, founder and CEO of CoinFund, criticized the lack of input from people within the crypto industry.

The event also failed to discuss challenges and regulations the industry has been facing under the leadership of SEC Chair Gary Gensler. This led to further criticism, as many felt that the event did not truly cover the main concerns of the industry.

Positive Moments and Implications for Future Elections

There were some positive moments in the meeting. Senate Majority Leader Chuck Schumer made a supportive comment on crypto legislation. He emphasized that crypto is here to stay, regardless of what happens. However, these positive comments were not enough to impress top figures in the crypto space.

The event’s failure to win over the crypto community may have increased support for former President Donald Trump, who has promised a lighter regulatory approach. Many in the industry are now skeptical of the Democrats’ assurances of a “reset” with the crypto sector, demanding clearer articulation of policy positions.

As the US 2024 presidential election approaches, crypto policy will be a major factor. The industry awaits more concrete statements from Harris and other candidates, hoping for a clearer picture of how digital assets will be treated under potential administrations.

[tomluongo]

Podcast Episode #197 -- Caitlin Long and the Fed's Multiplying Problems

Wall St. veteran, bitcoin advocate, and CEO of Custodia Bank Caitlin Long rejoins the podcast for a lively discussion of the ever multiplying enemies of the Federal Reserve and how that fits into the schema surrounding Trump’s victory over the established oligarchy.  Show Notes:  Custodia BankVivek Ramaswamy on Tucker Carlson Episode #196 – Vince Lanci and the mBridge Two-Step Previous…

[market-news-24]

In a significant industry development, the CEO of Custodia Bank has publicly praised the decision made by the Depository Trust & Clearing Corporation (DTCC) regarding the zero collateral value of cryptocurrency. This new stance marks a pivotal moment in the financial world, potentially altering how digital assets are perceived and handled by major financial institutions. The announcement is seen as a bold move, signaling a growing acceptance of cryptocurrencies despite their volatile nature. Stay tuned for more updates as this story unfolds, shedding light on what this could mean for the future of banking and digital currency. [ad_1] In a recent development that's catching the eyes of investors and financial experts, Custodia Bank's CEO Caitlin Long has publicly supported the latest move by the Depository Trust & Clearing Corporation (DTCC) involving Exchange-Traded Funds (ETFs) with Bitcoin or other cryptocurrencies. From April 30 onwards, the DTCC plans to implement changes in collateral values for certain securities, a yearly routine tied to its line-of-credit facility renewal. A significant part of this update is assigning a zero collateral value to crypto-bearing ETFs, which essentially means that these securities will be fully discounted in situations requiring collateral. This adjustment reflects a cautious approach towards handling the risk associated with the volatile nature of cryptocurrencies within the financial system. Caitlin Long appreciates this decision, highlighting its role in curbing potential "leverage-based financialization games" that could have otherwise taken place, potentially placing undue blame on Bitcoin for any resultant issues. This stance from DTCC doesn't impact the utilization of crypto ETFs for lending purposes or their role as collateral in brokerage activities. It surfaces amidst a wave of growing interest in crypto investment products, notably after the launch of Spot Bitcoin ETFs. These ETFs have seen a rapid accumulation of assets under management, crossing the $12.5 billion mark within just three months of their introduction. However, a recent downturn has been noticed with a significant weekly outflow from these funds. Additionally, Custodia Bank, under Caitlin Long’s leadership, is currently embroiled in a legal battle with the Federal Reserve following a decision that might restrict the bank's operational capabilities. The bank is fighting back with an appeal, signifying its intent to keep pushing against what it sees as a limiting ruling by a Wyoming district judge this past March. This news is pivotal for those invested in the crypto marketplace and traditional banking systems, marking a moment of evolving regulations and perceptions towards digital assets in financial infrastructures. As the scenario unfolds, it will be interesting to see the long-term impacts of these decisions on the crypto investment landscape and the legal battle between Custodia Bank and the Federal Reserve. [ad_2] 1. Why is the Custodia Bank CEO happy about the DTCC's decision on crypto? The Custodia Bank CEO is glad because the DTCC decided that crypto will have a zero collateral value. This means that the financial industry is recognizing the unique nature and risks of cryptocurrencies, which aligns with Custodia Bank's approach to innovation and security in crypto banking. 2. What does "zero collateral value" mean for cryptocurrencies? Zero collateral value means that, in the eyes of the DTCC, cryptocurrencies cannot be used as security or guarantee for borrowing money. This decision reflects a cautious approach to the risks associated with crypto assets. 3. How might this decision affect the crypto Market? While the decision highlights concerns about the stability and reliability of cryptocurrencies, it could also push for more transparent and secure practices within the crypto Market. In the long run, this may help in building trust and stability in the industry. 4. Will this decision impact how banks deal with cryptocurrencies?

Yes, it’s likely to impact how banks approach cryptocurrencies. Banks might become more cautious about accepting crypto as collateral for loans. However, it also opens up an opportunity for banks like Custodia to innovate and find new ways to integrate crypto securely into the financial system. 5. Is this decision final, or can it change in the future? Decisions like this can evolve over time as the Market and regulatory landscape change. If cryptocurrencies become more stable and secure, and if regulatory frameworks around them are strengthened, the DTCC and other financial institutions may revisit and adjust their stance on the collateral value of crypto assets. [ad_1]

[blockchainfeed]

Custodia, a Wyoming-based aspiring crypto bank, filed a notice of appeal against a court ruling that affirmed the Federal Reserve's rejection of its bid for a master account and membership. #Blockchain #Crypto

[reddragdiva]

by Amy Castor and David Gerard

our incredible clown car journey through Custodia's attempt to get a fed account by capture of one tiny state, in the face of their own blithering incompetence

[cryptomode2024]

To show their support for Custodia Bank, the Blockchain Association and the Attorney General of Wyoming have added their names to the move.

[shadowseekernews]

Spot Bitcoin ETF Issuers Are Rushing To Slash Fees, Be Careful

Caitlin Long, the founder of Custodia Bank, is sounding the alarm about the race by spot Bitcoin Exchange Traded Fund (ETF) issuers in the United States to slash fees to near zero. Taking to X on January 8, the founder urged clients planning to buy these regulated products to be cautious about these ultra-low fees, as they could indicate hidden risks. The Spot Bitcoin ETF Fee Race Is A…