Goldilocks' Comments and Global Economic News Tuesday Evening 2-13-24

Good Evening Dinar Recaps,

"Over 44 Million Contracts Deployed to Ethereum Since Genesis: Research." This is on the Ethereum platform alone. These numbers were accumulated back in 2022, and many have been employed since that time on several other platforms.

Remember, smart contracts secure agreements being capable of fulfillment on both sides of a trade. Just recently, Cardano has already added over 5,000 contracts just this month. These smart contracts are continuing to expand as we approach Protocol 20 where Quantum Technologies from around the world will begin to populate their Networks and interface tokenized assets.

These tokenized assets will need payment systems such as stablecoins to pay for their use. These stablecoins will create money velocity adding value to a country's currencies being exchanged on the QFS.

As of last September, over 200 different stablecoins have been minted. Many of these are in process of being regulated at this time.

From many of the reports I have read, the housing market is expected to put a squeeze on liquidity in March and going forward. It will begin to create price pressures on gold that backs the tokens being minted on the QFS.

The timing of the old system leaving and the new one coming into play is uncanny. This synchronized event will create much volatility in the coming months. Don't forget, we will all be going through this transition together.

© Goldilocks
Finbold
TheCryptoBasic
FinExtra
BitPay

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"UAE now among top 3 global hubs for finance, Standard Chartered CEO tells World Governments Summit in Dubai.

Dubai’s connector role is crucial when trade flows are fundamentally changing. The trade flow between Asia to South Asia and the Middle East, including China, becomes critically important,” said Winters while speaking on the first day of the Summit."

The rerouting of trade flows which comprise 70% of trades that happen in the world are becoming hot topics of opportunity and growth in the Eastern half of our world.

The ability to foster trade relations utilizing local currencies between nations building digital foundations in the area of finance is formulating new bilateral trade relationships involving exchange rate pressures on currencies not utilized in a long time.   Gulf News

Watch the water.

© Goldilocks

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"The Markets in Crypto-Assets (MiCA) regulation is a landmark framework created by the European Commission (EC) that focuses on maintaining financial stability."

The European Commission is currently in process of classifying stablecoins. A paper is being proposed that will outline and protect certain criteria to inform banking systems they trade with of the dangers and benefits of moving forward with this new digital product.

Stablecoins are currently in review and looking to be regulated in the near term among many nations around the world. Some of these stablecoins will require more support than others at the beginning stages of this process.

Working to achieve a Level Playing Field is the purpose of this proposal, but outlining a process is a start into a new direction we have not reached until this point. Digitizing the Forex Market is an idea whose time has come.   Ledger Insights   Investopedia

© Goldilocks
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The Vote
PROTOCOL 20

On the day of the vote, the network's validators will cast their votes, and if they approve the upgrade, the Stellar network will immediately switch from Protocol 19 to Protocol 20.

After more than two years of technical discussions, hundreds of thousands of lines of code, and over 150 projects (that we know of) deployed on Testnet, the upgrade will mark the era of a new Stellar smart contracts tech stack, one that delivers productivity through a batteries-included developer experience built to scale.

However, unlike an immediate zero to 100 rollout, validators are opting to increase capacity for Soroban transactions on Mainnet through a phased approach. The limited capacity for Soroban transactions on Mainnet means that Soroban dapps won’t be ready for use at scale until later phases.

This deliberate strategy will allow network participants to monitor smart contract functionality's impact on network performance, security, and stability. As we progress through the phases, ledger limits for Soroban transactions will increase, ultimately building up to full capacity worthy of builders and users alike.

To be clear, these phases and the accompanying limits apply to smart contract functionality only. Limits on transactions that make use of existing Stellar operations won't be impacted, which means existing applications will continue uninterrupted.   Stellar

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Crypto is decoupling from the markets. Usually crypto goes down with the markets to the same percentage levels.

Today, crypto did not go down nearly as far as the markets did when they dropped.

This is an indicator of where money is going and who is creating support levels for the two sets of markets that are currently integrating themselves together.

© Goldilocks

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Crypto Announcement:

The demand for Bitcoin is currently outpacing supply. This is an indicator regarding price pressures that are about to be put on the crypto markets. When demand outpaces supply, you have rising prices for the asset not able to keep up with demand.   Coindesk

© Goldilocks

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Great potential for Vietnam – UK future cooperation: Ambassador Iain Frew |  Vov VN

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Venezuela increasingly becoming immune to US sanctions | Al Mayadeen 

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How many smart contracts on Ethereum? How do Ethereum smart contracts work? - Bitkan

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Rising Sales of Electric Vehicles and Growing Emphasis on Safety to Surge Brake System Market at 5.4% CAGR by 2034 | Future Market Insights, Inc. |  ForexTV

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Instant Debit Payments: The Next Phase of Real-Time Payments - PaymentsJournal

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Fednow Banking Announcement:

Local banks and credit unions are beginning to implement FedNow, a service provided by the Federal Reserve Bank of the United States to allow the transfer of funds from one institution to another in a matter of seconds. |  BizJournals
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India's Forex Announcement:

India’s forex reserves jumped $5.736 billion to $622.469 billion for the week ended February 2, according to the latest RBI data. In the previous week, the overall reserves had increased by $591 million to $616.733 billion.   Office Newz

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Estate Planning: Monitoring and Protecting Assets Online - TechBullion

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Senate passed $95 billion foreign aid overnight for U-kran, IS-RA-EL, Ti-wan.

Markets are adjusting...

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Watch Out!! New CBDC System Could End The US Dollar! | YouTube

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Central Bank Digital Currencies (CBDCs) are being explored by several countries and central banks for potential use on the Ethereum blockchain platform. Using Ethereum for CBDCs offers benefits such as enhanced security, transparency, efficient cross-border transactions, and programmable money.   Oct 6, 2023 -- Doubloin
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