Goldilocks’ Comments and Global Economic News Tuesday 2-20-2024
Good Evening
* At 12:00 EST, the vote for Protocol 20 will begin. *
The merger of Protocol 20 completes the Quantum System upgrade from Protocol 19 to Protocol 20.
There is a chance that a volatility event could happen during this time as our tokenized assets move into real values on the new Quantum Financial system.
During this transfer of assets, traditional assets are being tokenized and supported by commodities.
This will help our markets and banking system work with real-world values as they synchronize into one another. Stellar
© Goldilocks
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“Regulatory Changes Impacting PDX Operations Heading Into 2024
PDX Coin is the heart of a global payments and digital banking platform that aims to enable hundreds of millions of retail users, institutions, merchants, vendors and ecosystem partners to easily participate in the crypto economy with instant conversion between digital currency and fiat currency.”
Recent regulations in the crypto space are coming fast and furious at this point. On January 10, the Securities and Exchange Commission (SEC) approved 11 Spot Bitcoin Exchange-Traded Funds (ETFs).
This move alone has created the need for clear regulations and guidelines to move the crypto space forward into the new QFS. The emerging regulation of stablecoins are in process and expected to be nearly complete if not completed by the midpoint of this year.
Payments and cross-border trades will be well on their way to adoption the second half of this year. New regulations for stablecoin users in the European Union will go into effect, and Hong Kong and the UK will be somewhere in that time frame or following.
In just a few short months, the world as we once knew it will have changed. It begins today with Protocol 20 as Quantum Technologies from around the world begin to move into the Stellar Network.
© Goldilocks
Block Telegraph
Steemit
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Ethena, a prominent player in the cryptocurrency space, has recently unveiled its USDe stablecoin on the public mainnet along with an innovative Shard Campaign. This campaign, designed to incentivize user participation, offers rewards based on contributions, marking a significant milestone for the Ethena community.
The Shard Campaign introduces a new and unique approach to engaging users and fostering long-term involvement within the ecosystem. By rewarding activities that contribute to the Ethena ecosystem, the campaign aims to build a vibrant and active community dedicated to the platform’s success. This departure from traditional incentivization methods showcases Ethena’s commitment to innovation and user-centric development.
In terms of structure and duration, the Shard Campaign is organized around multiple short-duration seasons known as “Epochs.” Each Epoch focuses on different activities related to the USDe stablecoin and community integration. The campaign is not intended to be prolonged, with a commitment to finalizing it within three months or when the USDe supply reaches $1 billion, whichever comes first.
Facts Chronicle
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RIYADH: Saudi Arabia’s advancement in electronic government services has secured the Kingdom the top spot in the Middle East and North Africa according to a UN ranking.
The 2023 Government Electronic and Mobile Services Maturity Index issued by the intergovernmental organization’s Economic and Social Commission for Western Asia, indicates Saudi Arabia has maintained its lead for the second consecutive year.
The index, known as GEMS, annually classifies 17 countries based on the maturity of 84 priority government services through portals and applications, using three sub-indicators.
Saudi Arabia achieved distinction in all indicators, experiencing significant development in each.
Arab News
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Introducing the BIS | YouTube
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Why Do We Have Central Banks? | YouTube
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BUILT FOR A MISSION | Stellar Foundation
👆 Goldilocks pointed to this article
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Universal Basic Income Has Been Tried Over and Over Again. It Works Every Time.| Gizmodo
