Goldilocks’ Comments and Global Economic News Late Monday Evening 10-2-23
Good evening,
Digital Banking Announcements:
* Payments-technology platform Pidgin said it has agreed to provide real-time payment capability to retail and commercial account holders at Exchange Bank.
* AffiniPay LLC, a payments platform for professional services firms, has sold its accounting software unit, Soluno, to ActionStep, a provider of practice-management technology. Terms were not disclosed.
* The U.S.-based blockchain firm Coinbase Inc. announced it has received a Major Payment Institution license from the Monetary Authority of Singapore, allowing the company to expand its services in that nation.
* Payments platform Stripe Inc. has attracted controversy after cutting off services to a United Kingdom-based merchant that sells legal air rifle accessories.
* RevoluGroup Canada Inc., the firm behind the RevoluPay mobile payments app, appointed Simon Tsu chief financial officer, taking on the duties of outgoing CFO Jason Tong and corporate secretary Derek Sobel, both of whom resigned on Sept. 30.
Digital Transactions Link
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Expect new crypto regulations to follow Bitcoin ETFs – Summa Money
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LIVE! Wall Street SUPERBANK JP Morgan WARNS of Coming “FINANCIAL ACCIDENT.” Mannarino
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Wells Fargo closes 10 more bank branches – full list of affected states
The Express Link
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GOLD & BATTLE FOR CONTROL?
A tug-of-war for the CONTROL over #gold pricing is starting to play out.
The countries of the Eastern world have been amassing physical gold for numerous years, while the majority of Western nations continue to only add to their debt pile.
Last year, Russia’s Finance Ministry said it was critical to create the new Moscow World Standard to normalize the functioning of the precious metals industry and have an alternative to the LBMA.
This week, we saw a surge in gold prices in China, leading to a record premium over international prices, exceeding $100 an ounce.
Read the full article: https://x.com/goldtelegraph_/status/1708165335441125862?s=46
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Jamie Dimon Says JPMorgan can handle 8% interest rates…
America’s largest bank.
He says this as many commercial banks sit with tens of billions in unrealized losses on their books.
In that environment, we see more financial accidents.
Read: https://x.com/goldtelegraph_/status/1708975767017902544?s=46
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Continuing on the bankruptcies theme:
US small business bankruptcies rising at worst pace since pandemic
WSJ Link
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US trucking employment is plunging
Historically, 4 out of 4 past declines have marked the beginning of a
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ISO 20022…. LET’S DO IT on X
💥SWIFT NOVEMBER 2023 NETWORK CHANGES TO SUPPORT DIGITAL ASSETS FOR SECURITIES AND FOREIGN EXCHANGE TRADES 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀💥
IRS Code Title 12 USC 531 Exemption of taxation ( us code.house.give ) 💥💥💥. In effect October,1, 2023.
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