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Cryptocurrency use cases
“I’ve always been deeply opposed to crypto, bitcoin, etc,” said Dimon in response to a question from Massachusetts Senator Elizabeth Warren at a Senate hearing on Wednesday. zidane sister 2006 “You pointed out the only true use case for it is criminals, drug traffickers, money launderers, tax avoidance . . . If I was the government, I’d close it down,” he added.
Dimon is a long-time bitcoin critic. The bank chief said in 2021 at peak crypto valuations that bitcoin was “worthless,” and he doubled down on that sentiment last year in Davos, Switzerland, when he told CNBC that the digital currency was a “hyped-up fraud.”
TD Bank released a survey last week that showed 90% of financial professionals believe blockchain and distributed ledger technology will have a positive impact on the payment industry. The top three impacts listed: stronger audit trails, speeding up the process and improving the efficiency of cross-border payments.
Pi cryptocurrency
De richting van de Pi-prijs zal afhangen van zijn populariteit onder beleggers in cryptocurrency. Er is potentieel voor de prijs om te stijgen na de lancering als de bredere cryptocurrency markt blijft stijgen. En nieuwe projecten hebben de neiging om investeerders aan te trekken. Maar omdat de munt nog gelanceerd moet worden, is het onmogelijk om de toekomst nauwkeurig te voorspellen.
The Pi Network is a mobile-first crypto project based on the Pi coins. The coins are a decentralized cryptocurrency powering the network, whose purpose is to allow users to mine crypto from their mobile phones and encourage decentralized peer-to-peer transacting. So, people can gain Pi coins via the app on this mobile mining blockchain by executing simple tasks on their smartphones.
Going further, the Pi Network is careful with user data. One does not need to provide any sensitive information to join. A Facebook account or a simple email address is enough. That being said when the network moves out of its test phase and the Mainnet goes up and active, there will be a KYC procedure that will be required to confirm the legitimacy of the miners.
While the team has promised development on the matter in the following months, the community is divided. Some cheered the potential upcoming news, while others believe further advancement delays will occur. The biggest pessimists see Pi Network as a scam, claiming that the native token will never see the light of day.
Met branding gebaseerd op het getal π, lanceerde fase 1 van het project in 2019 op Pi-dag, 14 maart, met een gratis Pi mining app. Tegen juni 2019 had het netwerk meer dan 100.000 actieve gebruikers. Een jaar later, toen fase 2 van start ging, waren er meer dan 3,5 miljoen gebruikers.
Trump cryptocurrency
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“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity,” he posted on twitter, which has since been named X, in 2019.
Sinds de verkiezingsoverwinning van Donald Trump is de bitcoin naar recordhoogte gestegen. In de weken na de verkiezingen steeg de cryptomunt meer dan 35 procent in waarde. “Trump wil van de VS de cryptohoofdstad van de wereld maken.”
It comes as Elon Musk outlined plans for his new role as the “efficiency” czar at the helm of the newly created Department of Government Efficiency, whose initials, DOGE, bear the name of his favourite cryptocurrency.
The trademark application illustrates the thorny conflict-of-interest issues raised by Trump’s election victory and his sprawling business empire. Trump and his family members own businesses that stand to gain from crucial decisions his administration will make, including on federal regulation.
“Major companies are integrating crypto payments, and advancements in blockchain technology are making transactions more secure and efficient. Additionally, regulatory frameworks are evolving, which could provide more stability and legitimacy to the crypto market,” he explained.