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Peter Thiel On Bitcoin and Threats from China

Peter Thiel – a libertarian and the co-founder of PayPal, arguably the largest digital payment platform in the world – has taken some serious guff over the past week thanks to some comments he made about bitcoin and China. Thiel Doesn’t Want China to Use BTC Against America In a recent interview, Thiel commented that the Chinese could potentially weaponize bitcoin and use it against its enemies like the United States. He recommended harder regulation be put in place so that things like this cannot occur in the future. While Thiel appears very certain that an event of this capacity could happen, others –…

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Bitcoin Bull Mike Novogratz Warns of ‘Existential Crisis’ if the US Fails to Create Digital Dollar

Mike Novogratz, the CEO of Galaxy Digital and bitcoin bull has warned that the United States’ failure to have its own digital currency could be an “existential crisis.” However, the CEO says the country’s fate is still in its hands. Novogratz made these comments a few days after former U.S. Secretary of State, Mike Pompeo suggested that the United States is not going to have a digital dollar anytime soon. Distortions in Financial System Still, Novogratz tells an interviewer that the United States’ success on this front will be dependent on the way the country manages its fiscal and monetary…

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Mike Novogratz: A Digital Dollar Is Necessary

Billionaire investor and former hedge fund manager Mike Novogratz is saying that the United States is going to seriously fall behind granted it does not develop a digital dollar in the immediate future. Mike Novogratz: We Need a Digital Dollar Mike Novogratz has always been a huge bitcoin and cryptocurrency advocate, and he feels that in many ways, digital assets will be the future of money. Thus, he is urging the United States to take control of the financial reins. He feels the country is falling behind, and risks losing its competitive edge to nations like China, which already has a digital yuan in…

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Ezért nem válhat a Bitcoin Kína pénzügyi tömegpusztító fegyverévé

A Richard Nixon Alapítvány előadása során tett egy nagyon érdekes nyilatkozatot Peter Thiel, a PayPal társalapítója. Véleménye szerint nem a kínai digitális jüan jelenti a legnagyobb veszélyt a jelenlegi világrendre. Pont ellenkezőleg, Thiel azzal érvelt, hogy Kína a Bitcoin kihasználásával nyerheti meg a globális pénzügyi hatalmi versenyt. Ez a pénzügyi vezető szerep pedig a politikai dominanciát is elhozhatja Kínának. Vajon van-e valóságalapja Thiel jövendölésének? “Even though I'm a pro-crypto, pro-Bitcoin maximalist person, I do wonder whether if at this point Bitcoin should also be thought of in part as a Chinese financial weapon against the U.S.” says @Paypal co-founder Peter…

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wNews: Bitcoin “Threatens” the Dollar, Says Peter Thiel

This week’s wNews digs into Peter Thiel’s recent comments surrounding Bitcoin’s threat to the U.S. dollar and how this plays into China’s hands.  Thiel has often made headlines throughout his career. A master of the inflammatory soundbite, the PayPal founder again took the media industry by storm. During a roundtable discussion at the Richard Nixon Seminar, he and others discussed Big Tech and China as the two were related to American national security matters.  A notable Bitcoin advocate, Thiel also described the leading digital asset as a “financial weapon” that China could use against the great red, white, and blue.…

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Paypal Cofounder Peter Thiel Thinks China Is Using Bitcoin as Financial Weapon Against the US

According to Paypal cofounder Peter Thiel, the Chinese government, which detests the U.S. dollar’s reserve currency status, could be using bitcoin as a financial weapon against the U.S. While he concedes that China has no intentions of making the yuan renminbi a reserve currency, Thiel still thinks the Asian country may have longed bitcoin because it weakens the dollar’s influence. Reserve Currencies Speaking at the recent Richard Nixon Foundation seminar, Thiel also suggested that China ideally prefers to have two reserve currencies that counter the dollar. He says the Asian country already uses the euro currency as a weapon against…

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Our Man in Shanghai: Scandal as $45M of stolen government funds lost using 100X leverage

The Chief Marketing Officer a blockchain security company has been charged with embezzlement; Peter Thiel calls Bitcoin a 'weapon' of China (but no one cares), and CZ’s net worth rises to $1.9 billion. Blockchain security company Beosin has been the focus of a major scandal after its Chief Marketing Officer Gao Ziyang was taken into custody and charged with embezzlement of state-owned assets. He is alleged to have been using government funds to unsuccessfully short BTC, resulting in a massive liquidation of over 300 million renminbi, or $45 million dollars. Beosin, also known as Lianan Tech, had a working relationship…

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Why PayPal Co-Founder Peter Thiel Believes China Could Be Weaponizing Bitcoin Against The U.S.

It’s no secret that the major nemesis of the United States, China, has been experimenting with crypto technology as it looks to render its economy free of the U.S sanctions and the USD’s hegemony. Speaking at a virtual event for the Nixon Seminar, PayPal co-founder and early investor Peter Thiel noted the lengths to which China could be going to make this a reality. According to Thiel, China may be using bitcoin as its weapon of choice. “Even though I’m sort of a pro-crypto, pro-Bitcoin maximalist, I do wonder if at this point Bitcoin should also be thought of in…

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PayPal’s Peter Thiel: BTC Could Be Used As Chinese Financial Weapon

PayPal’s Peter Thiel spoke during a seminar on Big Tech and China and said that Bitcoin could become a Chinese financial weapon and that the approach China has towards crypto should really concern America as we can see in our latest Bitcoin news today. PayPal’s Peter Thiel calls himself a pro-BTC maximalist and thinks that China has a strategic approach to BTC and its own digital yuan poses a threat to America. Thiel spoke at a virtual event for the Nixon Seminar and opined on how China is poised to win a financial arms race with the US and the…

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China using Bitcoin as ‘financial weapon’ against United States: Peter Thiel

Peter Thiel has urged the U.S. government to reappraise China’s relationship with Bitcoin from a geopolitical perspective. PayPal co-founder and venture capitalist, Peter Thiel, has warned that the Chinese central government may be supporting Bitcoin as a means to undermine the foreign and monetary policy of the United States. But, he added, it has tried to use the Euro the same way. Speaking at a virtual event hosted by conservative non-profit, the Richard Nixon Foundation, Thiel was commenting on whether China’s central bank-issued digital currency, or CBDC, could threaten the U.S. dollar’s status as a global reserve currency. While Thiel,…

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Elon Musk és a PayPal Maffia tagjainak sikerei

A PayPal nélkül ma nem lenne a Palantir. De a YouTube-ot sem tudnánk nézni, Elon Musk sem repítene minket a SpaceX-szel az űrbe, és Yelp-et sem ismernénk. Bemutatjuk a PayPal Maffia sikereit. Az 1998-as alapítású fizetési megoldásokat fejlesztő PayPal, egy szilícium-völgyi óriássá fejlődött pár év alatt. Az alapítók között volt Peter Thiel, Max Levchin és Luke Nosek. A céget 2002-ben 1.5 milliárd dollárért vásárolta fel az eBay, és ez egyben beindította a Szilícium-völgy második virágzását. A PayPal Maffia tagjai, ahogy a vállalat kezdeti munkavállalóit nevezik, a szektor legnagyobb tőkebefektetőivé váltak, mások újabb techcégeket alapítottak, sőt valakiből még amerikai nagykövet is…

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Peter Thiel Invests in Bit Panda, Offers More Than $50 Million

Bit Panda in Vienna, Austria recently emerged with several additional funds under its wing, and it’s been revealed that much of that money came from billionaire Peter Thiel and his company Valar Ventures. Bit Panda Garners Funds From Thiel More than $50 million (roughly $52 million total) was garnered by the company from Thiel through a Series A funding round that included several other investors such as Speed Invest. The firm is planning to utilize the money to ensure its products are available in European markets. It’s also looking to introduce new products sometime within the next year. In addition,…

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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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