Tag: money

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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Bitcoin Is Money For Enemies

[ad_1] In God We Trust: All Others Pay Cash.  — Jean Shepherd Many well-known Bitcoiners say that bitcoin is money for enemies: Vijay Boyapati tweeted about it; Nic Carter has written on it; Peter McCormack and American Hold chanted that conclusion here. On these pages in January 2022, Mark Goodwin wrote: “Bitcoin simply must be for enemies, or it will never be for friends.” It sounds good and it feels nice, drop-mic style, but what does it mean for bitcoin to be for enemies? Or any money for that matter? What…

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Bitcoin Unbound Freedom Money For Hate

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[ad_1] The Southern Poverty Law Center (SPLC) issued a new report on the use of bitcoin and other cryptocurrencies by white supremacists and far-right extremists. In the report, Megan Squire, senior fellow for data analytics, and senior investigative reporter Michael Edison Hayden, link 600 addresses to white supremacists, estimating they hold “tens of millions of dollars” worth of value. Kevin Collier and Brandy Zadrozny, writing for NBC News, then picked up the story, running with the headline, “Bitcoin Surge Was A Windfall For White Supremacists, Research Finds.” Bitcoiners know what…

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History Shows Bitcoin Sound Money Helps Society

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[ad_1] It is well established at this point that bitcoin is the best form of sound money the world has ever seen. To recap, bitcoin excels in each of the qualities of money: durability, portability, divisibility, uniformity, scarcity and acceptability. Most importantly, bitcoin is the scarcest money ever, with a fixed supply of 21 million bitcoin that will ever exist. Regardless of demand, the supply is programmatically defined and will never be changed. This article focuses on why having a sound money system is important. How do economies, societies and…

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Bitcoin Future Of Money World Economy

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[ad_1] Saifedean Ammous and Peter St. Onge, in my opinion, are the thought leaders on the macroeconomic effects of adopting a bitcoin standard. The Austrian school of economics tends to shy away from making specific predictions and rather focuses on theory and grand outcomes. Mainstream fiat economists, who do tend to make these predictions — which are consistently inaccurate — don’t understand bitcoin or its value proposition and thus only produce cringe-inducing views such as this. This leaves a gleaming gap of confusion and uncertainty about what will happen as…

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Brazilian Federal Police Launch Nationwide Operation Against Crypto-Related Money Laundering – Emerging Markets Bitcoin News

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[ad_1] The Brazilian Federal Police launched Operation Compliance, a probe against cryptocurrency-related money laundering crimes last week. The probe resulted in the execution of several seizure warrants across the country, involving 150 federal policemen active in five different cities. Operation Compliance came about by way of an investigation that identified cryptocurrency-related money laundering crimes on the internet starting in 2018. Brazilian Police Fight Crypto Money Laundering The Brazilian Federal Police were deployed last week to scrutinize several locations that were allegedly linked to cryptocurrency-related money laundering operations. This…

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British artist Damien Hirst uses NFTs to blur the boundaries between art and money – Cointelegraph Magazine

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[ad_1] “I used to give a lot of art away to people,” reflects Damien Hirst at one of his sprawling west London studios. “And they’d always sell it after a lot less time than I thought they would. You know, they wouldn’t sell it for leukaemia treatment for their children or mother or something, they’d sell it to buy handbags. And I’d be like, ‘Damn, I hate that!’” Hirst is not on a quest to make a few bucks from a collectible NFT. He’s not particularly interested in celebrating career…

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A Group of Users Is Battling Binance to Get Their Money Back After May’s Crash – Bitcoin News

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[ad_1] A group of Binance customers are seeking to get their funds back after the platform froze in May. These users had leveraged positions and were unable to reduce them or close them. On May 19, Binance’s app crashed for more than one hour, leaving customers unable to manage their funds. These users are now pursuing legal action against the exchange in France and Italy. Users Organizing to Recover Funds From Binance A group of users affected by outages in the Binance service is organizing to battle the…

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Sound Money Values Carney – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

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[ad_1] Dear Dr. Carney, This is an open letter in response to your Reith lecture series on the BBC from December 2020, “How We Get What We Value.” This content now also appears largely represented in your book “Value(s): Building A Better World For All.” In short — in order to help solve the huge issues of our time — three of which you succinctly summarised as credit, Covid, and climate, you argue that we need to realign those valuations which our economy constantly pitches on society. I am not…

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Bitcoin Seperate Money State – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

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[ad_1] Discussion around Bitcoin for years relegated it to being a bubble, tulipmania or some Ponzi scheme, but now even disbelievers likely acknowledge that Bitcoin is here to stay. What they may not realize is that beneath the veneer of charlatans, gamblers and grifters is a movement slowly making progress towards a grand vision of the future. A future where money is the medium of a flourishing society rather than an oppressive arm of the state. Since the odds of Bitcoin collapsing in on itself grow slimmer each passing day,…

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