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Why Every Single Person Needs Bitcoin

The humanitarian aspects of bitcoin overshadow the nominal value focused on by many westerners. It's become really easy to get lost with all the volatility and headlines present in Bitcoin lately. The various altcoins are becoming more and more distracting, albeit ever-useless, and new entrants into the space continue to make us forget the real reason why we are here. Unfortunately, the people behind these schemes simply don't understand what a crucial time we are living through. Bitcoin is a fix to the current corrupt system. Traditionally, governments collect some percentage of goods and services produced and manufactured in their…

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Report Claims Ukrainian Officials Hold Over $2.6 Billion in Bitcoin

The latest declarations from Ukrainian public officials revealed a billion-dollar amount of money they allegedly own in bitcoin. An online incentive gathered data from 791,872 state employees and 652 respondents disclosed their crypto holdings. The Biggest Crypto Holder in the Report Has 18,000 BTC According to the Opendatabot site, officials currently hold a total of 46,351 BTC, which is worth over 75 billion hryvnias ($2.66 billion) as of press time. The declaration’s campaign ended on March 31, 2021. But bitcoin is not the only cryptocurrency found among the collective filings of Ukraine state employees. Per the report, ethereum (ETH), litecoin…

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The UN’s ‘decade of delivery’ needs blockchain to succeed

Emerging technologies are essential to fasten SDGs, but this shouldn’t come at the expense of prudence and careful evaluation. When the Sustainable Development Goals, or SDGs, were conceived back in 2012, blockchain technology was in its early days. Few could have foreseen the trajectory and the potential of blockchain for advancing these ambitious targets. But today, we see opportunities for blockchain technology to recast conventional approaches to sustainable development — and accelerate progress if deployed responsibly. Macro trends of 2020 There are a number of macro trends this year in the world of blockchain and sustainable development that provide context.…

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Bribery gets blocked: Stamping out corruption with blockchain tech

In a world where all public records are stored on an immutable ledger, it would be difficult to be a corrupt government official. Some of the main functions of government institutions include redistribution of resources and maintaining official records. These are precisely the domains where blockchain technology — with its focus on facilitating secure, traceable transactions and maintaining immutable records to build trust — is well-positioned to make a strong impact. A recent report by Denmark’s Ministry of Foreign Affairs is the latest to highlight blockchain technology’s potential to serve as a powerful tool in the fight against government corruption.…

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Denmark proposes use of blockchain in fight against corruption

Ministry of Foreign Affairs of Denmark has released a report analyzing the use of blockchain in the fight against corruption. The Ministry of Foreign Affairs of Denmark published a report explaining the use of IT technologies and services including blockchain, e-governance, big data, and crowdsourcing to fight administrative, or day-to-day, corruption as well as political corruption. Presented during the International Anti-Corruption Conference, or IACC, the report emphasizes the use of blockchain as a technology that will build a more transparent governance and transaction system, further adding that it will also give individuals greater rights over their own data. According to…

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Kazakhstan Needs National Crypto to Fight Corruption, Says Local Official

Kazakhstan’s digital tenge has the potential to provide “full transparency in movement of budgetary funds,” chairman at local anti-corruption service says. The Chairman of Kazakhstan's anti-corruption service has called on the government to develop a national digital currency to fight corruption in the country.Alik Shpekbayev, chairman of Anti-corruption Agency of the Republic of Kazakhstan, reportedly said that national digital currencies like China’s digital yuan should contribute to a more transparent financial system. The news was reported by local news agency Kazinform on July 21.National digital currency is expected to cut cash transactionsAccording to the official, an implementation of the national…

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