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Former CIA Director: Bitcoin is “Too Transparent” for Criminals to Launder Money With

Michael Morell, the former acting CIA Director, is confirming what the crypto community has held for years. In a report, he said money launderers and other criminals don’t use the Bitcoin network because transactions are too open and public. CCI: Moving the Regulatory Needle This is a conclusion reached by the Crypto Council for Innovation Read More

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Former CIA Director Affirms Bitcoin Criminal Usage Is “Significantly Overstated”

The former director of America’s Central Intelligence Agency has released a research paper refuting the popular narrative claiming Bitcoin is used for criminal activities. Ex-CIA Director Comes to Bitcoin’s Side Michael Morell spent 33 years in the CIA and served as its deputy director from 2010 to 2013. The retired official was commissioned to write an independent report by the Crypto Council for Innovation. His findings included two important conclusions which fly in the face of recent declarations by Treasury Secretary Janet Yellen. First, the generalizations against Bitcoin’s illicit use made by the Treasury Secretary are significantly overstated, Morell said.…

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Troubled Crypto AG successor reportedly dismisses 70 employees

Unfortunate "crypto" brand name causes the company to shut down. Crypto International, a successor of controversial Swiss company Crypto AG, is reportedly dismissing dozens of employees following a major spying scandal. As many as 70 employees had to quit Crypto International after Crypto AG was found to be selling backdoored products to benefit agencies like the United States Central Intelligence Agency in February 2020. The firm reportedly confirmed the dismissals to Switzerland-centred publication Swissinfo.ch on Aug. 28. Representatives at Crypto International reportedly said that the dismissals were unavoidable because the government recently refused to resume the examination of export applications.…

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NSA Whistleblower Edward Snowden Was Paid $35k to Discuss Bitcoin

The notorious NSA whistleblower, Edward Snowden, was paid to discuss bitcoin and other digital assets at virtual conferences, according to a new court filing called “Edward Snowden Speaking Engagements 2015-2020.” Snowden has always been a supporter of digital currencies and during the mid-March crypto market carnage, the infamous whistleblower said he “felt like buying bitcoin.” Edward Snowden has been in the news lately, as U.S. President Donald Trump spoke about the possibility of pardoning the NSA whistleblower. Of course, that never happened and instead, Trump pardoned suffragette Susan B. Anthony over a $100 fine she never paid. Additionally, newly filed…

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US Health Department COVID-19 Tracking System To Use CIA-Backed Palantir Technologies

by Richard Kastelein In what was regarded as a highly political move, the U.S. Department of Health and Human Services (HHS) recently took over control of COVID-19 reporting by hospitals from the Center of Disease Control (CDC) and government contractor and big data analytics giant Palantir was awarded the bulk of the project's blockchain needs without competitive bidding, according to an investigative report at Ledger Insights. The US Health Department FAQ leaves few clues about what blockchain protocol is being deployed and how Palantir is integrating its controversial technology.  According to reports online, Palantir's data analysis clients as of 2013…

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