Cryptocurrency
SOULBOUND? The Longer That It Matures And Grows, The More That Cryptocurrency Seems To Have In Common With The Coming Mark Of The Beast
Soulbound tokens, cryptocurrency and a social credit system sure sounds to me like the whole world is gearing up to receive the Mark of the Beast
Last time I checked, a ‘crypt’ was where they put the dead bodies, so a ‘cryptocurrency’ would be money that is connected with dead things. Cryptocurrency has become huge over the pandemic, amazing coincidence I know, and now the founder of one of the world’s largest tech platforms for crypto is now rolling out something called a ‘soulbound token’ that will attached with the death money. Are you still waiting for the end times to start? Better hurry, you are 801 days behind the curve at the moment.
“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:17 (KJB)
I did not use Habakkuk 1:5 for my theme verse in this article, but I sure could have when you consider how this is all playing out right in front of your face, and amazingly, almost no one seems to notice. Prolly because they are just a tad distracted with the Johnny Depp and Amber Heard trial, or the recent school shooting, or the latest artificial race riot, or mix and match a list yourself from a seemingly endless lineup of distractions up to and including COVID, smallpox and monkeypox. In the meantime, you can jump in the Metaverse and put your death money into your Soul so you can store your soulbound tokens as you await Antichrist who will give you the Mark of the Beast so you can keep buying and selling.
Your whole identity could soon live in ‘Soulbound tokens’ on web3, Ethereum’s co-founder says
FROM FORTUNE: Early this month, Vitalik Buterin co-authored a paper outlining his vision for a “decentralized society” (DeSoc) where individuals accrue a permanent record of merits and attributes that are stored in private blockchain wallets as non-tradable crypto assets.
The writers dub those achievement badges ‘soulbound tokens’ also known as SBTs
“Imagine a world where most participants have Souls [digital wallets] that store SBTs corresponding to a series of affiliations, memberships, and credentials,” the authors write, suggesting that their idea for SBTs could resemble something of a Web3-based CV.
“For example, a person might have a Soul that stores SBTs representing educational credentials, employment history, or hashes of their writings or works of art,” the paper says.
Unlike a non-fungible token (NFT), which is a collectible digital asset that can be traded or sold, SBTs are designed to be untradable—a little more like a Boy Scout badge than a baseball card. According to the paper, an individual would gain SBTs from other Souls within the decentralized society. A university, for example, might issue SBTs to its alumni to verify that they have graduated from that school.
To be clear, that also means SBTs aren’t really going to replace NFTs. The two digital assets, theoretically, serve different functions. While an NFT is designed to be tradable and act as a financial asset, an SBT, Buterin suggests, is supposed to serve as a proof of character, rather than a proof of wealth.
But as the authors attest, there are major dangers to the proposal.
For starters, the whole thing sounds similar to China’s idea of building a social credit system that would supposedly punish citizens for demonstrating bad ideological behavior. Since SBTs are issued to individuals without their consent, the system could be used to brand “scarlet letters” on people, making the technology an ideal tool for authoritarian states.
A society built on SBTs could even reinforce discrimination indirectly. A database of SBTs could provide a marker to “automate red-lining of disfavored social groups or even target them for cyber or physical attack, enforce restrictive migration policies, or make predatory loans,” the authors write. For that reason, Buterin and his coauthors consider individuals might need the option to “burn” or hide their SBTs from the public, choosing to reveal them only when necessary. READ MORE
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
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When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.
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“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJV)
“Thank you very much!” – Geoffrey, editor-in-chief, NTEB
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Cryptocurrency
A Giant Golden Statue Of President Trump Holding Bitcoin Was Installed Outside The US Capitol Building Today To Spark Talk Of Crypto Digital Dollar
A 12-foot golden statue of President Donald Trump holding Bitcoin was installed outside the U.S. Capitol, coinciding with the Federal Reserve’s upcoming interest rate decision on Wednesday.
The time for a digital dollar has arrived, and the United States is preparing to lead the way with bitcoin and cryptocurrency. President Trump has made billions from crypto since being elected to his second term last November , and he is all in on CBDCs otherwise known as Central Bank Digital Currency. Remember when Joe Biden took steps to do this? We called it the Mark of the Beast. So what do we call it now that Trump is doing the exact same thing? Come on, you know.
“Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.” James 5:3 (KJB)
The golden image is synonymous with the ‘golden age’ of the Trump administration. From the Golden Goat at Mar-a-Lago encrusted with $100 dollar bills, to the golden statue of Trump Gaza, and now another golden Trump statue standing in front of the Fed, this time waving a golden Bitcoin. Now of course, if you’ve ever spent time in place like Exodus 32, Daniel 3 or Revelation 13, you understand the significance of the golden statues we now see everywhere. Make no mistake about it, the digital dollar is coming and Trump is the one bringing it. Just remember, kids, if a Democrat wants a digital dollar, that’s the Mark of the Beast, but if a Republican wants one, that’s progress and prosperity. Got it?
Giant Trump statue holding Bitcoin displayed outside US Capitol to mark Fed rate decision
FROM WJLA ABC7 NEWS: At 2 p.m., the Fed announced that it reduced its key interest rate by a quarter-point, marking the first cut since Dec. 2024. The cut will lower the short-term rate to about 4.1% down from 4.3%. Last year, the central bank lowered rates three times due to concerns that job growth was slowing and unemployment was rising.
The central bank also revealed plans for two more rate cuts this year. However, only one is anticipated in 2026, which might disappoint Wall Street, as they had expected five cuts by next year. The temporary piece, located on 3rd Street from 9 a.m. to 4 p.m., was funded by a collective of cryptocurrency investors. Organizers said the piece is intended to provoke debate about the future of digital currency, monetary policy, and the federal government’s role in financial markets.
“The installation is designed to ignite conversation about the future of government-issued currency and is a symbol of the intersection between modern politics and financial innovation,” said Hichem Zaghdoudi, a representative of the collective of crypto investors who have funded this artistic installation. “As the Federal Reserve shapes economic policy, we hope this statue prompts reflection on cryptocurrency’s growing influence.”
Group members said the statue paid tribute to Trump’s outspoken support for cryptocurrency and is expected to draw attention from observers throughout the day. READ MORE
Golden Trump Bitcoin Statue Unveiled
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
- HOW TO DONATE: Click here to view our WayGiver Funding page
When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.
But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!
“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)
“Thank you very much!” – Geoffrey, editor-in-chief, NTEB
Cryptocurrency
MARK IT: Donald Trump Signs GENIUS Act Into Law Taking The First Step Toward Ending The Dollar And Establishing Cryptocurrency As The New Standard
Before a crowd of crypto executives in the East Room of the White House, a jubilant Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law
President Donald Trump signed the GENIUS Act into law yesterday, creating the first-ever framework for the United States to begin dealing in cryptocurrency on the Federal level. His actions were greeted with thunderous applause by the crypto titans assembled in the East Room of the White House. It’s funny, though, when Joe Biden signed an Executive Order back in 2022 to simply look into the creation of a digital dollar, everyone screamed “Mark of the Beast!!” Is anyone saying that now about Trump? We are, even if you won’t, and that’s the memo.
“And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:16,17 (KJB)
Something else that wasn’t talked about yesterday when Trump signed the Genius Act was how much he personally has profited from crypto since becoming president the second time. According to Forbes, Trump has made over $1,000,000,000.00 in crypto and that number continues to grow. It’s bad when Biden did it, but it’s good when Trump does it, that seems to be the new end times logic going around. But to me, that type of thinking is more in line with the coming ‘strong delusion’ that anything else. Remember Habakkuk who says that you will see it, but not believe it, that’s where we are here on Day 1,951 of 15 Days To Flatten The Curve.
Trump Signs GENIUS Act Into Law, Elevating First Major Crypto Effort to Become Policy
FROM COINDESK: President Donald Trump fulfilled part of his vow to establish U.S. crypto regulations on Friday, signing legislation into law that formally established rules for stablecoin issuers — marking a first step that the digital assets industry hopes will end with the more important regulatory regime governing the wider crypto markets.
Before a crowd of crypto executives in the East Room of the White House, a jubilant Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which registered a massive 308-122 bipartisan vote in the House of Representatives on Thursday and an earlier 68-30 vote in the Senate — demonstrating a huge margin of support from Democrats. Trump walked into a packed East Room filled with applauding lawmakers and industry leaders, including Coinbase’s Brian Armstrong, Tether’s Paolo Ardoino, Circle’s Jeremy Allaire, Gemini’s Cameron and Tyler Winklevoss, Kraken’s Dave Ripley, Chainlink’s Sergey Nazarov and others.
“So congratulations, you’ve come a long way since the Biden administration, when they had no idea what you were all talking about, and half of you are under arrest,” he joked at the outset.
Trump called out various members of Congress by name, alongside members of his Cabinet, saying they were instrumental in moving the legislation, as well as various industry leaders attending the ceremony.
“Let me say, the entire crypto community, for years, you were mocked and dismissed and counted out,” he said. “You were counted out as little as a year and a half ago, but this signing is a massive validation.”
The GENIUS Act will now be forwarded to the federal financial and banking agencies that must implement its various provisions. That will include formalizing the definitions for what kind of firms make acceptable issuers of stablecoins, which is a field currently dominated by Tether’s USDT and Circle’s USDC, though Wall Street institutions have been jumping into the space at a rapid pace. Implementation of a law by federal regulators can be a drawn-out process, but GENIUS at least gives the industry a broad roadmap for how its U.S. interactions will look in the future. So pressure now shifts from lobbying to execution for stablecoin companies.
“The act sets a necessarily compliance baseline, but whether stablecoins can deliver their promise will depend on how effectively stablecoin issuers disclose reserves, implement operational safeguards, maintain robust governance practices and ensure structural alignment between issuers interests and consumer protection,” noted Rajeev Bamra, an associate managing director for digital economy at Moody’s Ratings, in a statement. “With broader adoption comes greater systemic responsibility of market participants.”
The industry has come a long way in Washington since its tumultuous 2022 in which several major businesses failed spectacularly, and crypto-supporting lawmakers were burned by the fall of global exchange FTX and its former CEO, Sam Bankman-Fried, who was a fixture in congressional meetings and the industry’s D.C. events. But aggressive lobbying and a major campaign-finance push from the industry’s Fairshake political action committee during last year’s congressional elections elevated the sector into the good graces of the White House and Congress.
Trump has declared himself the crypto president, and his administration has routinely called for a “golden age” for the industry to begin. Now that GENIUS is law, the focus shifts toward the bigger task of passing legislation that defines the proper oversight of different forms of cryptocurrency, trading platforms and projects and assigns federal agencies to new roles as watchdogs over these markets.
White House Crypto and AI Czar David Sacks took the podium briefly to praise Trump and the legislation, saying that while he’s used to the tech world moving quickly, the speed at which GENIUS became law “this was fast for us in Silicon Valley.”
“This GENIUS Act will unlock American dominance in the crypto industry by creating clear rules of the road,” he said. “It will update archaic payment rails with a revolutionary new payment system, and it will extend U.S. dollar dominance, like [Trump] said, globally by creating a digital dollar that people all over the world can use. And for every digital dollar in a crypto wallet, there’ll be a traditional dollar in a U.S. bank account, which will create trillions of dollars demand for U.S Treasuries.” READ MORE
How Does Genius Act Signing Impact Stablecoin Market?
Michael Faulkender, US Treasury Deputy Secretary, discusses President Trump signing the Genius Act into law and how big he thinks the stablecoin market will grow & how that will translate to treasury demand. Faulkender also talks about whether or not the stablecoin will create a financial stability risk and the difference between cutting interest rates in July or waiting to cut in September. Michael Faulkender speaks with Kailey Leinz and Tyler Kendall on the late edition of Bloomberg’s “Balance of Power.”
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
- HOW TO DONATE: Click here to view our WayGiver Funding page
When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.
But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!
“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)
“Thank you very much!” – Geoffrey, editor-in-chief, NTEB
Cryptocurrency
The U.S. Securities and Exchange Commission Approves First-Ever Spot Bitcoin Exchange-Traded Funds As Cryptocurrency Moves Mainstream
The U.S. Securities and Exchange Commission (SEC) has reportedly approved the first spot bitcoin exchange-traded funds (ETFs), signifying significant progress in the integration of cryptocurrency into mainstream financial markets.
You can debate over its final form factor, but one thing that is not up for debate is that the biblical Mark of the Beast we see in Revelation 13 is an implantable device that controls the buying and selling of goods and services on the global market. Simply put, the Mark is an human-implantable object that functions like a debit card, and you use it in exactly the same way. One main difference is that, without the Mark, you will not be allowed access to the global financial system. Bitcoin and crypto are part of the bridge between the end of the Church Age and the start of the time of Jacob’s trouble. The SEC just approved its first-ever spot bitcoin EFT, and Bob’s your uncle.
“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:17 (KJB)
If you’ve been paying even scant attention, you have noticed the following things to be true by now. 1). the world is run on the internet, 2). the people of the world are intractably connected to their mobile devices, 3). those devices are powered by apps, and 4). just about everyone is already buying and selling digitally. A quick look in Webster’s 1828 dictionary tells you that the word crypt means “A subterranean cell or cave, especially under a church for the interment of persons; also, a subterranean chapel or oratory, and the grave of a martyr.” So cryptocurrency is connected to the grave of dead Tribulation saints who will refuse the Mark for obvious reasons, and be killed as martyrs.
SEC Approves First Spot Bitcoin ETFs, Signaling Major Shift in Crypto Regulation
FROM BREITBART NEWS: The Financial Times reports the Securities and Exchange Commission’s recent decision to approve spot bitcoin ETFs marks a significant change in the commission’s stance on cryptocurrency. The approval of eleven ETFs from a combination of established financial organizations and digital finance newcomers has cleared the path for a more regulated and accessible route for investing in bitcoin.
Jad Comair, CEO of Melanion Capital – the first company to launch a Bitcoin-themed ETF in the EU – highlighted the significance of this move, stating, “It’s a huge milestone; it’s recognition of bitcoin being a large-scale traditional investment. We’re opening the doors to Wall Street.”
For nearly a decade, the regulator has been resistant to approving such ETFs due to concerns around the susceptibility of cryptocurrencies to manipulation and fraud. However, last year, the crypto asset manager Grayscale successfully challenged the SEC’s rejection of an earlier spot bitcoin application, and a federal appeals court ruled in August that the decision was “arbitrary and capricious.”
This ruling put pressure on the SEC to reevaluate their stance, ultimately leading to their recent decision to approve spot bitcoin ETFs.
Cathie Wood of Ark Invest, emphasizing the goal of accessibility, mentioned, “We want to make sure that we provide access and make it as accessible as possible… We are not looking to maximize profits on this. We’ve got other actively managed products that will help us.”
In a new approach, these funds will use cash to create and redeem new shares, differing from the usual practice of in-kind transactions involving their underlying assets. With the launch of spot bitcoin ETFs, U.S. investors can now have direct exposure to bitcoin through a regulated product, mitigating risks associated with unregulated exchanges and the higher costs of bitcoin futures ETFs. This development is expected to add a new vitality to the most popular and liquid crypto token, with the U.S. joining other markets in offering investment in bitcoin. READ MORE
Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church
- HOW TO DONATE: Click here to view our WayGiver Funding page
Please continue to pray for us, and for wisdom for me especially, as we continue taking steps to print the NTEB branded King James Bible for our free Bible and Bibles Behind Bars program. It is exciting and intimidating at the same time. If the Lord has prospered your financially, we ask you to donate to help us continue to send out free Bibles at this level, and even higher than we are at the moment. It takes a lot of prayer, and a lot of resources to do all this. Praise the Lord we are doing it, all of us together, labouring in the Lord’s harvest field. TO THE FIGHT!!!
When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.
But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!
“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)
“Thank you very much!” – Geoffrey, editor-in-chief, NTEB
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