From $17 to whopping $ 6.5 million: How Shiba Inu holder became millionaire - cyptoranking.com

2024-05-04

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With the rapid expansion of artificial intelligence, environmental watchdogs are beginning to sound the alarm about the amount of energy artificial intelligence models consume. But such warnings need to be based on real numbers, and a new report by Digiconomist founder Alex de Vries attempts to quantify the growing environmental impact of AI. We think of these users as a broad spectrum of builders. If you’ve got a broad spectrum of builders who have economic and political agency, you probably want each of them to be able to learn stuff fast. For that they’ll need tutors, mentors. AI represents that prospect in some really interesting ways. We need to level up humanity in a big way. Our AI allies are going to get better and better at that. From $17 to whopping $ 6.5 million: How Shiba Inu holder became millionaireHence, we will never have full discretionary power over that money as the middleman central bank will always remain between us and our funds. Should this middleman refuse to transact on our behalf, we will not be able to purchase or transfer any money in a world where CBDCs have eventually replaced physical cash. We will no longer be able to pull a banknote from our wallet and hand it over to whomever we want.In a nutshell, every CBDC transaction could be subject to restrictions. Such infringements could take the form of payment constraints or transfer limits, it could block us from sending money to specific groups of people or individuals, organizations, or companies. Vice versa it could also prevent us from receiving money. It could furthermore limit the purposes we spend our money on, for instance, spending limits or payment blocks could be imposed on alcohol, cigarettes, but also fuel, electricity, or flight tickets – as the government deems appropriate.Defunding dissenting voices — as Canadian Prime Minister Justin Trudeau did with members of the Freedom Convoy in 2022 — would thus become far more convenient and efficient for governments. No orders would need to be issued to freeze corporate or individual accounts at banks or payment providers. Instead, the administration could cut off any protesters from their cash with the push of a button.Related: The world could be facing a dark future thanks to CBDCsIt is even conceivable that CBDCs could be used to impose curfews or place people under house arrest. On a keystroke and in real-time, CBDCs could — for example — be programmed to function only between 6 a.m. and 6 p.m., or just within four miles of your registered home address. Effectively, President Joe Biden could use a CBDC regime to prevent a Donald Trump rally from taking place. Alternatively, Trump could prevent a Bernie Sanders assembly from happening.But gagging opposition is not where it ends: CBDCs could also be programmed in such a way that they depreciate over time. This could prove useful for officials in times of economic decline when governments and central banks want to stoke the economy. It goes without saying that in this scenario the saver is the one left holding the short end of the stick. Governments could further impose special taxes, forced loans, or directly access digital wallets for tax collection and fine deductions. Undoubtedly, financial autonomy would erode under a CBDC regime.Veil of ignoranceHowever, next to constrained freedoms in terms of data privacy and financial autonomy, another — far more fundamental — danger looms around the corner. People in control may undermine democracy by abusing CBDCs for electronic power grabs. If the ones wandering the corridors of power are given the possibility to literally switch off opposition by defunding it, it will sooner or later happen. Or to put it at its simplest: Giving governments CBDCs and hoping that they won’t abuse them is like pouring the alcoholic a glass of whiskey and hoping that he won’t drink it.Hence, in weighing the pros and cons of retail CBDCs, the concept of the “veil of ignorance” comes in handy. Applied to the case at hand, it prompts you not only to ponder the question of whether your current government would be inclined to abuse CBDCs, but if any future governments (behind the veil) could do so. Think of the worst possible governments and reflect on whether they will misuse their power over CBDCs. You’ll understand why CBDCs are an imminent threat to freedom — in your country and around the globe.Dr. Patrick Schueffel is an adjunct professor at Fribourg’s School of Management in Switzerland. His research focuses on fintech, digital assets, and entrepreneurship. He previously worked in Switzerland and Liechtenstein as the chief operating officer at Saxo Bank and as a member of senior management at Credit Suisse, and spent a three-year stint in Singapore. He holds a doctorate from the University of Reading’s Henley Business School, a master’s degree from the Norwegian School of Economics, and a diploma from Mannheim University in Germany.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. The bullish momentum that propelled Bitcoin (BTC) to a 66.1% year-to-date gain has all but vanished as Bitcoin lost 9.4% in the past 6-months. Bitcoin price seemingly had sustained bullish momentum after the Grayscale court victory against the SEC, but these gains have fully evaporated as the losing streak from September continues into October. The contraction in Bitcoin price has some analysts comparing the current BTC market to the pre-bull market cycle of 2015-2017 as $28,000 becomes a major resistance. Bitcoin price. Source: TradingViewLet’s take a closer look at the factors impacting Bitcoin price today.Liquidity disappears as Bitcoin longs liquidatedThe start of 2023 saw traders with short positions continually dominating liquidations in the futures market. Bulls were caught off-guard on Aug. 17 when a flash crash caused over $213.5 million of longs to be liquidated. This marked the largest single day of Bitcoin long liquidations since the Terra Luna collapse in May 2022. Since the flash crash, the market has been in a perpetual state of capital outflows from risk assets like Bitcoin. Options volume is down 40% on Oct. 9.Bitcoin long liquidations continued in October with $12.6 million liquidated in the 24-hours proceeding Oct. 9. Bitcoin derivatives overview. Source: CoinglassWhen BTC longs are liquidated without buying pressure from traders, Bitcoin price is negatively affected. Bitcoin trading volumes have also continued to drop as Binance bleeds market share for the seventh straight month after halting zero-fee trading. The absence of consistent liquidity and trading volume has led some analysts to describe Bitcoin price behavior as illiquid and choppy. Related: The Truth Behind Cuba’s Bitcoin Revolution: An on-the-ground report All eyes are on the spot Bitcoin ETFsThe short-term uncertainty in the crypto market does not appear to have changed institutional investors' long-term outlook. Despite a hostile U.S. regulatory environment, large institutions are pushing for Bitcoin financial instruments which may spark a bull run. Currently, 9 top investment firms have ETF applications pending with the SEC. Despite the urgency of major financial firms, the SEC seems poised to continue to delay decisions on approving Bitcoin ETFs, including BlackRock’s application, until 2024. This could continue negatively impacting investor sentiment and price action across the crypto market. While some investors have speculated that BlackRock may be suppressing Bitcoin price ahead of their eventual ETF launch, the argument seems to be a conspiracy as they have more to lose from a BTC price crash. Related: Bitcoin bulls keep pressure on $28K while calls for BTC price dip growEven with the current Bitcoin price downturn, Real Vision’s Raoul Pal believes macro factors like interest rate cuts and ETFs will spark the next BTC bull run. Will short term pain in macro lead to long-term gains in crypto?Bitcoin price continues to be directly impacted by macroeconomic events, and it is also likely that further escalation in the conflict between Israel and Hamas, regulatory actions and interest rate hikes will continue having some effect on BTC price. Directly after the conflict between Russia and Ukraine began, Bitcoin price dropped by 8%. While the drawdown was quickly erased, it’s likely that investors will expect the conflict-driven volatility to continue. In the long term, market participants still expect the price of Bitcoin to recover, especially as more financial institutions are seemingly embracing BTC. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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The merger is still in its infancy, and there are yet to be any concrete details on execution, Talasani noted in a talk at Cosmoverse, Istanbul. Marathon Digital Guide: How to buy Bitcoin anonymouslyBitcoin analysts look to November as price action looks to mirror past cycles According to Avast, "LoveGPT" can create convincing fake profiles on at least 13 different dating sites, meanwhile scraping users' photos, texts, and data. It categorizes users into age groups, likely to facilitate the creation of realistic fake profiles for targeted manipulation. The tool uses multiple databases to store details like profiles, conversations, email addresses, and a running log of AI-generated messages.

Yellow Duckies benefits from the robust blockchain technology of Yellow Network, which provides constant updates and developments. This ensures the token remains technologically advanced and up-to-date. The company has recently announced its intention to expand its footprint in the African healthcare sector, leveraging its healthcare solutions and the agility of the XRP Ledger. This move, particularly centered on Uganda, comes off the back of a notable partnership with Coinstore, a leading cryptocurrency exchange platform. Decentralized Exchanges Listing ServicesOpen and Permissionless Architecture “Bitcoin, like the spiritual leaders who have come before it in the Middle-Eastern desert, is a miraculous gift capable of transforming an oppressed, forgotten people. The Palestinian economy is a multi-billion dollar economy that unfortunately benefits mostly outsiders. But if Bitcoin were adopted as the official currency, Palestinians would be able to shape their own economic destiny and in so doing their sovereign destiny,” Keiser said.

Five days into voting, Lido’s grant proposal faces an uphill battle, with just 50.2% of votes cast in its favor and 41 proposals earning more yes votes — and therefore passing Lido in the funding tiebreaker. CryptoNight is important for three crucial reasons: It provides stronger privacy with untraceable transactions, its ASIC resistance feature, and scalability. Most cryptocurrencies, including Bitcoin (BTC), are all but private, as someone’s transactions and balance can be easily traced on the open-source blockchain through a public address. Robinhood CryptoDiversification: Many cloud mining contracts allow users to mine numerous cryptocurrencies, allowing for portfolio diversification. One of crypto's OG founders, @YuvalRooz, flew to Israel immediately after the Hamas attacks to help out.He's raising money for aid, and is personally on the ground facilitating the assistance, so you know these would be high impact donations.Details below. pic.twitter.com/TYTdv9oH57

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