Goldilocks' Comments and Global Economic News for September 12th

Good evening Dinar Recaps,

"A lithium deposit discovered in a volcanic crater along the Nevada-Oregon border may hold up to 40 million metric tons of the rare metal — possibly the largest ever in the world, which could have a massive impact on the electric vehicle industry, according to a new study."

Just when you think there is no hope for the US, Mother Nature goes and surprises everyone with a historical find hidden underneath our feet.  This historical site contains what is being currently perceived to be the largest lithium deposit in the world.

It is the next stage of our evolution in creating electronic vehicles and a wonderful resource that will become a monetary catalyst for the future of our new digital economy.

© Goldilocks

https://nypost.com/2023/09/11/lithium-deposit-found-in-us-mcdermitt-caldera/

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"Crypto Market Anticipates Impact of Upcoming FTX Liquidation"

FTX is expected to liquidate $3.4 billion worth of cryptocurrencies on September 13th, 2023. At the time of this writing, this will be tomorrow.

The entire cryptocurrency space is interconnected, and the impact of such an event as this is expected to affect prices.

A market liquidation affects everything. A majority of the investors will be leaving or selling off their assets currently being traded on that market.

This could temporarily bring the price of many of your favorite cryptos down temporarily. It is an opportunity for investors to assess the cryptos they may want at lower prices that is different from what they had on the FTX platform.

Look for tomorrow's FTX liquidation to cause volatility and formulate new price patterns on current preferred digital assets.

We have a historical moment in the making and one of which has the potential to change many lives.

© Goldilocks

TheCurencyAnalytics Link
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I have noticed hundreds joining the Goldilocks QFS - Conversations Room for the last 2 days, so I want to clarify what this room is all about.

It is set up as a read-only room, so we can understand the new steps that lead to the new digital economy as it is becoming available to us each day and has for the last 2 years.

We are currently witnessing the new QFS forming its final building blocks. The new digital economy is called, a "digital asset-based trading system."

You will see various forms of Intel provided in this room from many sources, but the real Intel is coming from technological advances on the new digital payment system.

Technology is the real Intel going forward on the Global Currency Reset since its primary mission is to level the playing field for all countries around the world digitally.

Feel free to share any information that you get in this room, but if you copy and paste any of the information provided by the author in other rooms just give credit where credit is due.

We are in this together, and the author of this room and those who help keep it safe and secure feel that it is important to share info as it comes along.

This new information does not belong to the author for its origination comes from sources beyond this room. We just simply want to help people.

© Goldilocks

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New IRS Form 1099 Crypto Reporting Rules Bring More Taxes
Forbes Link

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NIST Stablecoin Report Highlights Security and Stability Concerns

"The report begins by identifying four “properties” that typically apply to all stablecoins. Stablecoins are “tokenized”, meaning that they are a cryptocurrency token managed by smart contracts. Stablecoins also are “fungible”, meaning that they can be substituted for each other and are not unique, but also meaning that they have little to no pricing volatility, relative to their pegged asset or index. They are “tradeable”, and finally, they are “convertible” in that they can be converted to other currencies or the pegged asset."

Stablecoins are currently going through reforms to make them more safe and more usable for countries around the world.

This study provided six areas of concern that need to be cleared up before their implementation is possible. No date was given, but everything is in process at this point anyway inside a pilot phase that will give us a safe environment for testing currently taking place this month.

This article is a report. A report monitors trends and policies related to access. It monitors use-case scenarios. And, a report offers recommendations based on the impact of digital technologies from a development perspective.

In other words, stablecoins have moved to the developmental stage.

© Goldilocks

https://www.jdsupra.com/legalnews/nist-stablecoin-report-highlights-3575983/

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President Biden Announces New USAID Commitments to Vietnam | Press Release | U.S. Agency for International Development
USAID Link

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Banking Announcements:

Hong Kong is expanding its technical testing to include more banks and testing the digital yuan wallet’s top-up function through FPS.

https://www.regulationasia.com/hkma-pboc-enter-next-phase-of-e-cny-technical-testing/

Companies seeking to purchase $50mn or more in dollars will now need approval from the PBOC, which is trying to stabilise the yuan.

https://www.regulationasia.com/china-tightens-approval-process-for-large-usd-purchases/

Taiwan Set to Issue New Regulatory Guidelines for Crypto Sector

https://www.regulationasia.com/taiwan-set-to-issue-new-regulatory-guidelines-for-crypto-sector/

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Further interest rate rises needed to crush inflation, Bank rate-setter warns
https://www.telegraph.co.uk/business/2023/09/11/bank-rate-setter-interest-rate-rises-needed-inflation/

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Use of local currencies to speed up trade and reduce costs 

"The use of local currencies in trade relations between BRICS countries will accelerate trade and reduce international costs. This was stated by Brazilian Foreign Minister Mauro Vieira during the Bom Dia, Ministro programme."

https://tvbrics.com/en/news/use-of-local-currencies-to-speed-up-trade-and-reduce-costs-in-brics/

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Press Release: PayPal Introduces On and Off Ramps for Web3 Payments
NewsroomPaypal Link

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FTX 2.0: Crypto exchange to lay out reboot plan

FTX has contacted more than 75 bidders since May to gauge industry interest in supporting the reopening of the exchange, according to a presentation filed in Delaware state court.

Several bidders have submitted proposals that are currently going through the due diligence and information exchange process, the legacy managers said, and the deadline for submitting new proposals is Sept. 24.

A plan to relaunch a new version of the defunct cryptocurrency exchange could come as early as next year.

In case you're new to this, FTX was one of the world's largest digital asset trading platforms prior to its bankruptcy.

It was a key part of a cryptocurrency empire controlled by its now-jailed CEO Sam Bankman-Fried, who faces trial next month on fraud and other charges.

https://twitter.com/MultiPolarMarkt

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Stellar Announcement:

The moment is here. The idea is no longer just an idea. The hard work, long nights, and sacrifice have turned into something we can touch, see, and experience. Welcome to the new Stellar — where blockchain meets the real world.

-denelle

Stellar Link
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