Goldilocks' Comments and Global Economic News Thursday Evening 2-15-24

Goldilocks' Comments and Global Economic News Thursday Evening 2-15-24

Good Evening Dinar Recaps,

"The Hashgraph Association and Saudi Arabia's Ministry of Investment have launched a $250M DeepTech Venture Studio in Riyadh, supporting over 500 companies in developing advanced AI, blockchain, and VR solutions."

Saudi Arabia's new partnership with DeepTech Venture Studio will go a long way in expanding their partnerships with several countries paying for oil in local currencies through the new digital economy.

This will enable them to make shifts when needed as new companies arise in an ever-changing World from fossil fuel to electronic venues.

Saudi Arabia is shaping up to be a digital hub in the Middle East. New digital developments such as these will allow Saudi Arabia to transition into the QFS.

This new liquidity and investment into Quantum Technologies will allow Saudi Arabia to continue being a leader in innovative relationships with companies around the world through bilateral smart contracts on the Hashgraph Digital Network.

Hedera's hashgraph consensus mechanism enables developers to build smart contracts securing both sides of the trade as capable of movement forward in digital payment systems.  Blockchain

© Goldilocks

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“We need a framework for stablecoins,” Powell said, according to a source at Tuesday’s meeting. Powell added that he is “very supportive and am glad that we are close.” 

As we have discussed in this room, these new tokenized assets are going to need coins to pay for them. It is really good to hear a confirmation that they are so close.

The use of stablecoins that represent a country's currency will increase money velocity and give more value to our currencies over time.

These new venues will level the playing field for all countries around the world. Isn't it amazing to watch these new developments take shape that will govern our new digital economy?  Ledger Insights

© Goldilocks

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February 14, 2024

Washington, D.C. — "The Commodity Futures Trading Commission Open Meeting scheduled for Thursday, February 15, 2024, has been canceled. The matters under consideration are being resolved through the Commission’s seriatim process."

The Commission's Seriatim is a process whereby the Commission takes action without convening a meeting of the Commissioners (CFTC). What's the hurry?

The following two items along with many others are on the table to be discussed:

* Requirements for Designated Contract Markets and Swap Execution Facilities

* Foreign Boards of Trade

"Foreign board of trade means any board of trade, exchange or market located outside the United States, its territories or possessions, whether incorporated or unincorporated."

© Goldilocks
CFTC 1
CFTC 2
Law Cornell
SEC

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"Duquesne Family Office, the investment vehicle belonging to famed macro investor Stanley Druckenmiller, dumped shares of Alphabet Inc., Amazon.com (AMZN) and Broadcom Inc. (AVGO) while scooping up shares of beaten-down gold miners Barrick Gold Corp. (GOLD) and Newmont Corp. (NEM), according to a Wednesday filing with the Securities and Exchange Commission."

The move from stocks to tokens, and now, gold has begun. Watch the big players. They know when to shift their money.

All roads lead to gold, and gold will set us free.  Morning Star

© Goldilocks

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Chinese, Indian, Pakistani currencies to join UAE-based cross-border payment system - News | Khaleej Times

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As payment markets evolve, further progress hinges on open access facilitated by infrastructure modernization. In this Predict 2024 episode, Paul Ruggieri, Senior Vice President, Real-Time Payments, Product Management, at Mastercard, discusses growth opportunities for clearing houses and scheme operators, emphasizing the need for standardized communication strategies between operators and payment systems.

We explore the significance of interoperability and the prioritization of standardization to enhance cross-border transactions. Additionally, we explain the key methods for ensuring seamless transactions across borders, leveraging ISO 20022 data and AI for fraud prevention, resilience, and scalability across all 13 markets.  FinExtra

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World Bank Classifying XRP As Stablecoin, Says Ex-Ripple Director |   CoinGape

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Liquidity is moving more and more each day from the old Financial system to the New Digital one.

© Goldilocks

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BRICS: Egypt Officially Ditches US Dollar For Trade | Watcher Guru

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