🇧🇷❤️📱 Brazilian lawmaker proposes $18 billion Bitcoin reserve initiative

Brazilian lawmaker Eros Biondini introduced legislation proposing the creation of a Bitcoin (BTC) Sovereign Strategic Reserve (RESBit) with an allocation of up to $18.6 billion — equivalent to 5% of Brazil’s international reserves as of September.

According to the bill, the RESBit will diversify Brazil’s Treasury assets, protect international reserves against exchange fluctuations and geopolitical risks, and act as backing for the country’s central bank digital currency (CBDC), the Drex.

The bill aims to “modernize the technological and finance management in Brazil” in an effort to become more competitive in the global digital economy.

According to the document:

“Although volatile, data indicates that crypto is consolidating as a legitimate asset class. Countries that adopt strategies to integrate them economically will sow significant benefits in the medium and long terms.”

In addition to diversifying the country’s international reserves, the bill also mentions fostering research and development related to blockchain.

The educational push includes training public agents to act on the RESBit initiative, creating graduation programs tied to blockchain, crypto, and cybersecurity at public education institutions, and incentivizing startups to create crypto-related projects.

Biondini said:

“The formation of RESBit is a strategic measure that positions Brazil at the leadership of the new digital economy, reducing economic risks and amplifying the technological and financial development opportunities.”

https://cryptoslate.com/brazilian-lawmaker-proposes-18-billion-bitcoin-reserve-initiative/

@FelipeChannel

🇨🇩 🦠🦠 Unknown flu-like disease kills at least 79 people in DR Congo

At least 79 people have died from an unknown disease that is causing flu-like symptoms in south-western Democratic Republic of Congo, the health ministry says.

The health ministry says the majority of people who have died are between the ages of 15 and 18.

More than 300 people have been infected with patients exhibiting symptoms like fever, headaches, runny noses and coughs, breathing difficulties and anaemia.

Response teams have been sent to Kwango Province, specifically the Panzi health zone, where the disease is most common, to manage cases and investigate the nature of the disease.

Symphorien Manzanza, a civil society leader, told Reuters news agency the situation was worrying as the number of infected people continues to rise.

https://www.bbc.com/news/articles/c5y83ejz7eeo

https://apnews.com/article/congo-mystery-disease-0df7a70c8830783bb15e66d47ad48de4

@FelipeChannel

#BREAKING

🇮🇱🇮🇱❌🇸🇾❗️ — Israeli political source: We will establish a buffer zone inside Syria in the Golan Heights if Homs falls.

🇺🇸📈❗️ - Earthquake in Northern California upgraded to 6.6

🇺🇸📈❗️ — Earthquake in Northern California upgraded to 7.3!

#BREAKING
🇺🇸📈❗️ — Tsunami warning issued for parts of California and Oregon!

🇺🇸 Moment a 7.3 earthquake, Richter scale, struck northern California.

@CIG_telegram

🇫🇷 Rumours on French social medias that Emmanuel Macron will invoke art. 16 of the French Constitution and give himself dictatorial powers.

Art. 16 has been used only once, by Charles de Gaulle between April and September 1961 after a failed coup which tried to oust him for wanting to withdraw from Algeria and put an end to the war.

French legal expert, Thibaud Mullier says about art. 16 that:

Article 16 may be triggered in the event of a “serious and immediate threat to the institutions of the Republic, the independence of the nation, the integrity of its territory or the performance of its international commitments, and, on the other hand, in the event of “interruption of the regular functioning of the constitutional public authorities”. These two conditions are cumulative.

It remains to be seen whether the non-implementation of the budget, the risk of “stopdown” that it entails, fulfils these conditions. “The regular functioning of the public authorities is not interrupted because there are several possibilities provided for in the Constitution to have the budget adopted. As for the threat to our institutions or to France’s international commitments, it must be “serious and immediate”. However, this is a discretionary power of the Head of State that has no legal constraints. The whole point of this article, cut for de Gaulle, is to question the legitimacy of the Head of State. Does a president as weak as Emmanuel Macron have the legitimacy to use it? I don't think so,"

These dictatorial powers are not meant to last forever. Every 30-60 days, the Constitutional Council or the president of the National Assembly, Senate, or a group of sixty senators and/or deputies can verify to see if the conditions for article 16 are met. If they are not met and the French president does not want to give up his powers, he can be removed from office by the Parliament and its High Court.

🔗 https://www.publicsenat.fr/actualites/politique/crise-politique-quelles-sont-les-conditions-pour-declencher-larticle-16-de-la-constitution?at_content=link&at_term=publicsenat&at_source=nonli

🇺🇸📈❗️ — A Third Earthquake has hit Northern California, this one a M5.8