Trust Through Verification: The Establishment’s Nightmare
Bitcoin enables transparent usage of funds through recorded transactions and verifiable crowdfunding.Bitcoin Smart Contracts Are The New Frontier When Elon Musk tweeted at the World Food Programme (WFP) to open their books and provide readily accessible accounting to solve world hunger, the organization used a lot of fancy words but did not honor his request. Why?Why would an organization, whose mission it is to “Solve Global Hunger,” not do whatever they could to accept an additional $6 billion from the richest man in the world? Are they hiding something? What if the organization didn't....
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In mining we trust. On the side of the US $1 bill it says "In God, we trust". Because money is all about trust. Trust that it's real, trust that it will remain at a similar value for the duration of the transaction at least, trust that the products are represented honestly. In the past trust that the paper was redeemable in gold, and more recently trust that our dollar will be backed by the "full faith and credit of the US Government". And when that trust is lacking society shuts down. To some extent, the crisis of 2008, in the same manner as the one in 1929 was about the lack of trust.....
The exchange moved deadline for identity verification from Feb. 2021 to Nov. 2020
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has warned that the U.S. Securities and Exchange Commission (SEC) will come up with rules for token registration that will be “the nightmare that’s waiting for the crypto industry.”
Mark Cuban Foresees SEC Coming Up With ‘Nightmare’ Crypto Regulation
Billionaire Mark Cuban, the Shark Tank star who owns the NBA team Dallas Mavericks, warned in a tweet Saturday about how the SEC will regulate crypto tokens.
His warning was in response to a tweet by U.S. Senator....
In a recent update reported on Bitcoin Talk – a cryptocurrency forum, Creditbit directly addressed their community. The update was regarding some misunderstandings in the wake of changes and new features being added to CreditBit. CreditBit, the open source software project released under the MIT/X11 license, is based on trust as the software is released in a transparent process that allows for independent verification of binaries and their corresponding source code. The release reiterated the importance of trust in the crypto community. The statement elaborates upon the changes made under....
In light of recent regulatory crackdown and backlash, global crypto exchange Binance is beginning to crack down on its customer verification requirements across its platform. More specifically, the exchange is restricting its once lenient know-your-customer (KYC) requirements. Effective immediately, new customers wanting to use Binance’s services are required to complete the platform’s intermediate verification processes, […]