Tag: good

Seizure of Bitfinex funds is a reminder that crypto is no good for money launderers

[ad_1] As public understanding of how digital assets work becomes more nuanced along with the mainstreaming of crypto, the language of Bitcoin’s (BTC) “anonymity” gradually becomes a thing of the past. High-profile law enforcement operations such as the one that recently led to the U.S. government seizing some $3.6 billion worth of crypto are particularly instrumental in driving home the idea that assets whose transaction history is recorded on an open, distributed ledger are better described as “pseudonymous,” and that such a design is not particularly favorable for those wishing…

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Despite the bad rap, NFTs can be a force for good – Cointelegraph Magazine

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[ad_1] Crypto is like a double-edged sword, one good piece of news is followed by ten bad reactions. It’s like being the parent of the hyperactive kid in the kindergarten — he breaks other kids’ toys, bounces off the walls like a demon and the other parents hate him, but you know he’s a sweet, thoughtful and kind soul who will one day find the cure for cancer. And as you stand surveying the debris of his day in kindergarten with the other parents giving you the evil eye and…

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‘Inflation in the News Driven by Rich People’ — Media Pundits Claim ‘Inflation Is Good’ as Americans Struggle With Less Purchasing Power – Economics Bitcoin News

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[ad_1] Inflation in the U.S. has a large number of Americans worried about the future of their purchasing power as the cost of goods and services has continued to rise faster every month. Reports note that Americans are struggling to pay for child care, groceries, gasoline, lumber, healthcare supplies, and used vehicles. On Friday, Harvard economist Kenneth Rogoff told the press U.S. inflation was “eye popping” and in terms of where inflation is headed, Rogoff stressed he thinks “we’re on a knife-edge.” Members of the US Central Bank Begin to…

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Crypto as a ‘public good’ in the 22nd century – Cointelegraph Magazine

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[ad_1] It’s been said that “Blockchain technology is not as decentralized as we think” and that critical decisions are made, not democratically, but by a small group of “agents of influence” often including founders, software developers, miners and other parties with a monetary interest in the matter.  This notion is open to debate, of course, but accepting that this is the case today, would it necessarily hold in the future too? Especially when Bitcoin or Ethereum, or any other blockchain network, has billions of users and, for the sake of…

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Bitcoin in ‘good shape’ as long as BTC price stays above $40K — Mike Novogratz

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[ad_1] Bitcoin (BTC) won’t be making Galaxy Digital CEO Mike Novogratz “nervous” unless it dips below $40,000. In an interview with CNBC on Sept. 21, the infamously bullish investor calmed fears about the latest sell-off across cryptocurrency. Novogratz on institutions: “I see nothing but engagement and activity” Despite the macro environment wobbling over China and Bitcoin shedding up to 10% this week, there are few bearish voices among well-known crypto industry commentators. Novogratz is no different, arguing that the price drop was more a healthy corrective move for a market…

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Here’s why that’s a good thing – Cointelegraph Magazine

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[ad_1] Blockchains provide a trust-free anonymous intermediary for objective transactional actions, putting wealth transfer back in the hands of the individual and out of the hands of centralized control.  This, unsurprisingly, has stepped on the toes of a number of governments. To make matters worse, supporting this technology can be misconstrued as taking a stance against your home nation and can pose a massive risk to someone’s reputation. So, what can we do about it?  One exciting phenomenon that has surfaced over the years in blockchain culture is the choice…

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Bitcoin Transform Evil Into Greater Good

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[ad_1] Bitcoin, Alchemy of Money: Transforming Evil Into Greater Good Bitcoin teaches us that evil can be overcome, not with resistance or punishment, but through our willingness to understand and integrate all sides of our nature.  From resource wars to human rights abuses and economic exploitation, greed and selfishness is now out of control. This has led to the breakdown of the current systems of accountability and a deepening crisis of liberal democracy which has exposed the weakness of the foundations of our global civil society. In the formation of…

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The Crypto Climate Accord Walks a Fine Line Between Self-Interest and the Greater Good – Op-Ed Bitcoin News

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[ad_1] As the spotlight turns once again towards the environmental impact of blockchain technologies, support for the Crypto Climate Accord has come from curious corners of the industry, raising questions about its signatories’ motives. Authenticity of CCA’s Support Remains Debatable With concerns surrounding blockchain’s environmental impact garnering a lot of attention, the alarms have grown so loud that crypto mining was the hottest topic of discussion during this year’s UN World Environment Day. This echoed increased support for initiatives designed to restore the natural ecosystem, proposed by several prominent personalities…

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JPMorgan Is Stockpiling Cash – CEO Claims There’s a ‘Very Good Chance Inflation Will Be More Than Transitory’ – Economics Bitcoin News

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[ad_1] Investment bank JPMorgan Chase is stockpiling cash according to the company’s CEO Jamie Dimon. The investment banker doesn’t seem to believe inflation is “transitory” and he thinks there’s a “very good chance” inflation could stick around. JPMorgan Chase CEO: ‘I Do Expect to See Higher Rates and More Inflation’ At the end of April, Bitcoin.com News reported on the Federal Open Market Committee (FOMC) and explained how FOMC members said the benchmark interest rate will be kept near zero. Moreover, members of the FOMC also said the committee wasn’t…

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The good, the bad and the shoddy – Cointelegraph Magazine

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[ad_1] Like most crypto journalists, Will Foxley has a horror story about a bad encounter he had with a dodgy PR person. The former tech reporter at CoinDesk recalls being embarrassed in his first few days on the job after he relied on bad information fed to him in an announcement. “I got burned by a bad PR agent within, like, two or three weeks on the job, where they gave me false press release information,” he says. “I didn’t quite verify it enough and then got called out by…

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