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10x bigger than Bitcoin, Tether, and Gold: China's Central Bank Digital Currency will dwarf the Kwabena Ofori Osei 44 Views • 2 years ago

China is pushing Hong Kong as a global hub for Stablecoins, which are digital currencies backed by fiat money.

Western analysts correctly point out that China, uniquely among large economies, is aggressively building out the financial infrastructure and regulation for digital currencies, issued by the central bank. But these analyses err on a major point: the stablecoins issued by Hong Kong institutions will not be China-yuan denominated, as they assume. Instead, they will be denominated in US dollars, and will be a powerful driver of economic growth to the benefit of the Chinese financial system, and without exposing their own currency to outside speculators, seizure, or debt issuance.

To see how this may play out, consider the explosive growth of Tether, a stablecoin with stated US dollar reserves of $116 billion and 1-to-1 parity with the US dollar. The sudden rise and global acceptance of Tether serve as a playbook for Chinese banking regulators, who are sitting on nearly $4 trillion in US dollar reserves, with hopes to deploy these deep capital pools but without exposure to the Western banking system.

Resources and links:

Reuters, Tether's $100 billion stokes stablecoin stability concerns
https://www.reuters.com/techno....logy/tethers-100-bln

Learn how Tether (USDT) Makes Money
https://www.markets.com/educat....ion-centre/how-tethe
Inside the Russian Shadow Trade for Weapons Parts, Fueled by Crypto

Hong Kong to increase digital asset regulation in next 18 months, with focus on stablecoins
https://coingeek.com/hong-kong....-to-increase-digital

Tether’s Ascent: Breaking Down the Dominant Stablecoin's Growth
https://coinmetrics.substack.c....om/p/state-of-the-ne

Forbes, The House Bans The Fed From Building A CBDC Like The Digital Yuan
https://www.forbes.com/sites/d....igital-assets/2024/0

Reuters, What and where are Russia's $300 billion in reserves frozen in the West?
https://www.reuters.com/world/....europe/what-where-ar

China contends for the central position in the global economy
https://merics.org/en/6-china-....contends-central-pos

ASEAN: The ultimate winner of a China-US rivalry (Part I)
https://www.thinkchina.sg/econ....omy/asean-ultimate-w

Tether Stablecoin Home Page
https://tether.to/en/

Closing scene, Hong Kong

Leopard Mom Sacrifices Herself To Protect Her Cubs Kwabena Ofori Osei 44 Views • 2 years ago

A mother leopard had a full-on brawl with a lion for the small chance of saving her babies. This was hands-down one of the bravest and most selfless acts we’ve seen in nature and we don’t know how she managed to do it! Carol and Bob were on an African adventure of a lifetime, at @andBeyondTravel Grumeti Serengeti River Lodge. However, experiencing just how serious a mother leopard’s maternal instincts were against a lion, was more than anyone could have imagined!Like all Safaris, it started with a very early morning. Carol and Bob were met by their brilliant ranger, Godliving Shoo, who had fresh coffee, and everything ready for their drive! Godliving knew of a leopard denning in the area and thought it would be a great time to try and spot her. Much before long, that's exactly what happened! The leopard mom was in sight, and as a huge bonus, there was visibility on her two babies as well! This was a precious moment, but it was quickly overshadowed for everyone, by a feeling that something was off. The leopard was outside of her den, and there was a sense of paranoia; overall, she seemed very uncomfortable.Carol explains; “The leopard was outside her den when my husband spotted a lioness crouched just a few meters away, watching intently in the same general direction. We initially thought two separate events were unfolding — the leopard and her cubs, and the lioness watching the wildebeest in the distance. But as she crept forward, we realized she was actually focused on the leopards!”The lion crept up to striking distance, and it was all or nothing for the leopard. Being considerably smaller, the leopard was at a massive disadvantage, but with everything to lose and the instincts of a mother, she stood her ground with amazing courage!Without a second thought, the lion leaped in to engage the leopard! The rest of the lion pride was just around the corner from the scene, but the lioness was feeling so confident, that she didn’t bother with waiting for backup! A choice that she would with no doubt, end up regretting!The leopard jumped to meet the lioness back, and the pair locked into a grapple as they hit the ground. Once again, the lion was at an upper hand, as she landed on top, but to describe the little leopard as being ferocious, would be subtle!The leopard kicked, bit, and tore at the underside of the lion with serious intent. It was almost overbearing, and it took the lioness by surprise! With limited options, the lion decided to bite at one of the leopard’s back feet, but it wasn’t enough!With so much happening in the footage, it was tricky to see exactly how she did it, but the leopard managed to latch onto the lion's leg and target a soft spot. The lion's reaction made it clear how much it hurt, as she jumped away from the leopard and held out her paw like an injured puppy!This was the moment the leopard realized she might have just saved her babies' lives! The last thing on the lion’s mind now would be the den site, and the chaos of the situation would likely distract the rest of the pride as well.So, with the lion backed off, and her cubs given enough time to hide, the leopard took the opportunity to escape to a nearby tree. The rest of the lions arrived shortly after, and together they tried climbing up to the leopard, but just couldn’t make it to her.Luck finally came for the leopard when one of the lions caught a nearby wildebeest from the herd seen earlier. With food now on the table, the lions quickly grew bored of the leopard, and she was able to get to her babies, who were completely unharmed!Situations like this end with a very sad story most of the time, but this was just not that day. It took more than a small miracle, but the leopard never gave up, and she did what it took to save her babies!It was reported that the leopard ended up moving the cubs twice that afternoon. She did seem to be exhausted but was left with only minor injuries. As for the lioness, she was left with a very sore leg but would definitely be alright too!To license the footage: Contact@LatestSightings.comSnapchat: LatestSightingsTwitter & Instagram: @LatestKrugerFor live wildlife sightings in the Kruger National Park: http://www.latestsightings.com/And like our Facebook page for great sightings and photos: https://www.facebook.com/lates....tsightingskrugerSubs to us on YouTube: http://www.youtube.com/LatestSightings

Mai Ndombe (Black Water) : A community fights for survival against an unlikely culprit Kwabena Ofori Osei 44 Views • 2 years ago

Once teeming with life, Lake Mai Ndombe (meaning Black Water) in the Congo Basin is now depleted and local communities face starvation. The vanishing fish population can be traced back to an unlikely culprit, but they have a hopeful solution at the Mai Ndombe REDD+ Project that could turn the tide.--------------------------------Black Water is a poignant exploration of survival and resilience deep in the remote forest of the Congo Basin at the Mai Ndombe REDD+ Project. This short film delves into the lives of a local community around Lake Mai Ndombe (Lake of ‘Black Water’) in the Democratic Republic of the Congo. This once bountiful body of water now teeters on the brink of collapse. Over the years, the lake’s vibrant fish population has dwindled, threatening the livelihoods of those who have relied on its resources for generations. The film traces this ecological decline back to an unexpected source: mosquito nets. Originally introduced by aid organizations to combat malaria, these finely meshed nets found a new, unintended purpose as fishing tools. However, their use has come at a steep cost, leading to the overfishing of even the youngest fish, disrupting the delicate balance of life within the lake. Through intimate interviews and breathtaking visuals, Black Water captures the struggle of the lake's surrounding communities as they face the harsh reality of dwindling resources. It explores the cultural and generational shifts brought on by the environmental crisis, revealing the deep connection between the people and the lake that sustains them. Amidst the struggle, Black Water captures a glimmer of hope. The communities, in partnership with Wildlife Works, have embarked on an ambitious project to restore their ecosystem. By using their profits from carbon credits earned through forest conservation, they have built sustainable fish nurseries. This project not only offers a lifeline to those on the brink of starvation but also holds the promise of restoring balance to the lake's fragile ecosystem. Black Water is a powerful testament to resilience, the importance of community-driven solutions, and the enduring spirit of a people determined to secure a sustainable future for their children.For more community stories, sign up for our newsletter: https://wildlifeworks.activehosted.com/f/1

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