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Emerging technologies can change the African financial landscape

The ease and convenience of services backed with the emerging techs can dramatically improve the financial landscape in Africa. Africa is the home to 1.2 billion people and what has been described as the world’s largest trade area — the African Continental Free Trade Area. Africa is forging a new path to driving development, and access to financial services will play a significant role in its economic growth. The need to provide improved systems for poverty reduction, if not alleviation, is further accentuated when one considers that 416 million Africans live in extreme poverty, and access to financial services is…

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Blockchain will stay a buzzword until everyone unites behind one chain

Having the world use one distributed ledger will support technical uniformity, interoperability of applications and a more honest planet. Despite being, perhaps, the biggest tech buzzword of the last decade, blockchain technology has largely remained just that: a buzzword. While its best-known implementation, Bitcoin (BTC), has become a household name, the technology that underpins it remains little more than a mystery for most. By and large, this can be attributed to slow progress in the adoption of the technology for consumers and businesses, caused by divided attention. Rather than a collective push to build advancements only on the Bitcoin blockchain,…

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Darknet, cryptocurrency and two intersecting health crises

With new technologies evolving, criminals find easier ways for illicit activities — that is the dark side of anonymity and decentralization. While the precise origin of the COVID-19 pandemic is unknown, it has infected more than 30 million people, with almost 1 million confirmed to have died from it as it continues to spread across the world. The highly contagious virus has the ability to survive up to three weeks in frozen food supplies of meat and fish, according to a study. Related: Illicit crypto transactions are getting more attention from the government The United States — the worst-hit country…

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Crypto crimes are no excuse for taking away digital asset fungibility

The rise of crypto-related crimes and money laundering cases is the result of the increasing mass crypto adoption. The modern world has become too small for comfort. The truth is that technological advancement is a double-edged sword, which has the potential to enhance human lives drastically at many levels and disrupt them in the blink of an eye, shaping things on a global level to an extent yet not seen.  Even though we enjoy fast progress in crypto services and digital asset fields, constant security breaches and hacks pose a severe threat to market participants. The very essence of safety…

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Russia’s telecom regulator blacklists Binance website

The website of the Binance exchange is still available without additional access tools, platform says crypto funds are safe. Authorities in Russia appear to be going after Binance — the world’s largest cryptocurrency exchange — as its domain is now in the list of prohibited websites in the country. On Sept. 24, Binance officially announced on its Russian Telegram channel that Russian telecom regulator Roskomnadzor has added the website to the register of platforms disseminating prohibited information. According to the announcement, Binance has been placed in the list due to distribution of data related to the acquisition of digital currencies…

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The data economy is a dystopian nightmare

Decentralization will turn the data economy upside down, allowing consumers to control their own data or sell it to the highest bidder. Smart speakers have become part of our daily lives. With a single word, we are able to command a device to answer our inquiries and shopping desires. The simple act of ordering diapers or asking for a weather report is now banished to the corner of the brain that houses what you had for breakfast that morning; you can recall it, sure, but not without considerable effort. Our devices, though, don’t forget. And neither do the companies that…

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Jack Dorsey: Bitcoin Is “Built By Everyone”

Jack Dorsey – the CEO of both Twitter and Square – has announced in the past that he’s a fan of bitcoin. It’s no secret that he respects cryptocurrency above all other financial entities, but to be fair, his explanations have always been rather brief and don’t contain much information. Jack Dorsey On Why He Has Such Belief in BTC Today, Dorsey – after referring to bitcoin as the best internet currency – revealed why he’s got such faith in the world’s number one cryptocurrency by market cap. In a recent interview, Dorsey referred to bitcoin as being “consensus-driven” and…

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Unstoppable Domain’s co-founder had this to say about Facebook and the future of free speech

Can you imagine a world with 40 Facebooks competing for you? Unstoppable Domains co-founder Bradley Kam believes that neither the anti-encryption bills nor the technology giants present a real threat to the future of the Internet. In his opinion, both, the governments and the giant platforms are helping to usher the era of the decentralized web, he told Cointelegraph: “There was a narrative in a popular narrative that the Internet was working pretty well, I think even a few years ago, and I thought that narrative is almost completely gone now. And there's a lot of things there's the anti-encryption…

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INX exchange taps Israeli crypto startup GK8 for crypto custody

The SEC-approved IPO holder prefers to store crypto 100% offline. INX, a cryptocurrency firm holding the first-ever token initial public offering, or IPO, approved by the Securities and Exchange Commission, or SEC, has chosen a digital asset custody provider. According to a Sept. 16 announcement, INX has enlisted Israeli crypto startup GK8 for digital asset custody on its upcoming crypto exchange. INX tweeted that the platform will use GK8's end-to-end platform for managing and safeguarding digital assets. The platform includes GK8’s patented “air-gapped vault that can create, sign, and send blockchain transactions while staying 100% offline,” INX noted. Based in Gibraltar,…

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Web 3.0 would enable new possibilities and opportunities

Web 3.0 will certainly be a step toward a more decentralized, immutable and censorship-resistant version of the web. Lately, the controversial topic of censorship on Big Tech platforms reached a turning point when U.S. President Donald Trump’s campaign account was banned on both Twitter and Facebook for “spreading coronavirus misinformation.” The conversation over who has control over what kinds of information that get out to what kinds of audiences is not new. As we move toward Web 3.0, many believe this future version of the internet will be a more decentralized, immutable and censorship-resistant version of the web. The decentralized…

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Privacy Company Nym Is Offering Bitcoin to Initial Testers of Its New Software

Blockchain and crypto startup Nym is unveiling a new incentive program for those that engage in bitcoin transactions while running the company’s nodes. Nym Is Looking to Empower Internet Users The main goal of Nym appears to be privacy. The company has designed software that works to hide metadata and prevent tracking at a network level. As it turns out, whenever we go on the internet, we are potentially in danger of having our identities or other private information revealed or stolen. How does this occur? Well, on virtually ever normal internet network, it turns out our traffic can be…

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Bans and brands: What centralization does to businesses

As it stands, the current commercial and political landscape presents a perfect storm to herald the rise of decentralized alternatives. The failures of centralization in protecting individual and business data have been highlighted repeatedly over the past few years. Facebook, Google, Twitter, Microsoft, Sony and many more have all faced large-scale data hacks that have exposed the private information (and more) of their customers. The problem is not just data theft — banks, financial institutions and cryptocurrency exchanges have all suffered at the hands of malicious actors. Yet, huge amounts of information about our lives and livelihoods are still entrusted…

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Jack Dorsey: Bitcoin Is the Primary Internet Currency

At the time of writing, bitcoin – the world’s number one cryptocurrency by market cap – is trading for just over $10,200, which means that it’s fallen a little further in the past 24 hours. Still, despite the bearish phase the cryptocurrency appears to be experiencing, many people seem to be remaining loyal to the asset, among them Jack Dorsey of both Square and Twitter fame. Jack Dorsey: Bitcoin Is the Most Viable Currency As the CEO of two major companies, Dorsey has long been a top advocate for bitcoin, even going so far as claiming in 2018 that bitcoin…

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Belarusian crypto exchange looks to Lithuania amid political turmoil

A major crypto company is offering outs to its employees as the situation in Belarus grows more tense. Amid the ongoing political unrest in Belarus, some local cryptocurrency-related companies are reportedly setting up backup offices in neighboring countries. Currency.com, a Minsk-headquartered crypto trading company, is reportedly planning to open an office in Lithuania to provide a safe place for its employees. According to a Sept. 8 report by local news agency TUT.BY, Currency.com is offering its Belarus-based employees to “take a sabbatical” in Vilnius amid the current election-fueled unrest. Currency. com CEO Jonathan Squires reportedly said that the company will…

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Neo integrates with Coinbase’s Rosetta to launch ‘next-gen Internet’

Neo, a public blockchain and smart contracts platform announced that it has integrated with the Coinbase-led open-source project Rosetta.  Neo integrates with #Rosetta, an open-source project led by Coinbase. We look forward to work together with Rosetta improving protocol integration processes in order to build the next-gen Internet.https://t.co/Nl8nF3OW4G — Neo Smart Economy (@Neo_Blockchain) August 28, 2020 In its blog, Neo said that the collaboration will improve its protocol processes to build a decentralized economy of the future. This decentralized integration which is also known as Web 3 or the next-gen internet, will help the firm expand. Especially by optimizing a…

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Apple won’t force WordPress to offer in-app purchases

As The Verge pointed out, though, the removal of any paid plan mentions may have happened well before Apple froze updates for the app. You couldn’t buy those plans, either, and any references to them were gone before Apple convinced Mullenweg to add in-app purchases. Continue reading Apple won’t force WordPress to offer in-app purchases at E-Crypto News.

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Five Defining Features to Build the New Generation Internet

For the next generation internet to transition, a number of critical features must be implemented. Recent geopolitical events, such as President Trump’s order to ban TikTok and WeChat in the United States, have exemplified the imperative of decentralization. The next generation internet will empower individuals to own their data, exchange their wealth, and control their digital footprint — all without being subject to the whims of politicians and tech giants, which have historically weaponized the web for their own gain.Content-addressable storage, or CAS, such as IPFS, eliminates reliance on path addressing, such as that of URLs. Content addressing can prevent…

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Former Uber security chief arrested for covering up 2016 hack

In addition to obstruction of justice, prosecutors charged Sullivan with failing to share knowledge of a felony. In total, he faces up to eight years in prison if convicted of both charges.  “We expect good corporate citizenship,” said US Attorney David L. Continue reading Former Uber security chief arrested for covering up 2016 hack at E-Crypto News.

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Amazon may turn dying JC Penney and Sears stores into warehouses

We’ve asked Amazon for comment. There’s no guarantee the two sides reach a deal, provided the report is accurate. However, it would make sense given the state of US shopping malls. Even before the pandemic, malls and their department stores were grappling with reduced traffic as customers increasingly shopped online. Continue reading Amazon may turn dying JC Penney and Sears stores into warehouses at E-Crypto News.

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Facebook removes massive QAnon group over hate and harassment claims

Facebook just took down one of the larger targets in its crackdown on QAnon conspiracy theories. The social network told Reuters that it had removed Official Q/Qanon, a group with almost 200,000 members, after multiple posts reportedly violated policies against harassment, hate, and potentially harmful misinformation. Continue reading Facebook removes massive QAnon group over hate and harassment claims at E-Crypto News.

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