Tag: Debate

Debate emerges over contested ‘Satoshi’ and ‘Bitcoin’ profiles on X

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Concerns have been raised regarding the legitimacy of profiles claiming to represent Bitcoin’s anonymous creator, Satoshi Nakamoto, and the handle “Bitcoin” on X, formerly Twitter. On Oct. 2, a discussion arose on X regarding two profiles—one claimed to represent the creator of Bitcoin, Satoshi Nakamoto, and the other using the handle “Bitcoin.” On Oct. 3, a user named Pledditor raised concerns about certain accounts on X, highlighting their violation of the terms of service. X’s terms explicitly prohibit users from adopting deceptive identities or impersonating real individuals or entities. To…

Lawyers debate over Ripple case after rejection of SEC’s motion for appeal

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Crypto lawyers are seemingly divided over the significance of a recent court order from Judge Analisa Torres, which denied the United States Securities and Exchange Commission’s (SEC) plan to file an interlocutory appeal against Ripple. While many lawyers and commentators chalked the decision up as a substantive win for Ripple in its case against the regulator, other legal experts have urged the public to temper their enthusiasm. Judge Torres’ denied the SEC’s interlocutory appeal based on the grounds of her previous ruling which sided partially in favor of Ripple. She…

Ripple Stirs Debate By Shuffling $260 Million In XRP: Why?

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Ripple Labs has once again become the focus of much scrutiny and debate within the XRP community. Recent data points to a series of high-volume XRP transactions totaling 506 million tokens, valued at approximately $260 million, carried out over the span of 19 days. What makes these transactions especially noteworthy is not just their sheer volume but also the repetitive nature and targeted destinations. Ripple Transaction Breakdown Between the end of August and mid-September, a total of 15 significant XRP transactions were initiated by two Ripple-controlled addresses. These transfers were…

Jordan Peterson Sparks Debate On How Bitcoin Can Solve Major Banking Problem

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The flagship cryptocurrency, Bitcoin, was created with the goal of disrupting the traditional financial system. In support of this, Best-selling Author and Clinical Psychologist Jordan Peterson has suggested that customers should abandon the banking system and probably adopt Bitcoin. Jordan Peterson Says Bitcoin Over Banks  Peterson was making this suggestion in response to a news report that Macquarie Bank, Australia’s fifth largest bank, was planning to transition to a digital-only banking system by November 2024. In line with this, the bank will begin phasing out cash, cheque, and phone payment…

Dueling CBDC Bills Heading for U.S. Digital Dollar Debate in Congressional Hearing

“If not designed to be open, permissionless, and private – emulating cash – a government-issued CBDC is nothing more than a CCP-style surveillance tool that would be used to undermine the American way of life,” he said in a statement, accusing President Joe Biden’s administration – even in the absence of any actual policy – of trying to set up a surveillance state to monitor citizens’ transactions. Source

Debate reignites over years-old Bitcoin Drivechain proposal

A debate has reignited among Bitcoiners over a six-year-old Bitcoin Improvement Proposal (BIP) to add “sidechains” on top of the network, with some warning it could increase scams on the Bitcoin network and others saying it will bring new users of the cryptocurrency. Meanwhile, one developer claims to have found a way to achieve the proposal’s goal without a soft fork of the blockchain. The proposal in question, BIP-300 — also known as Bitcoin (BTC) Drivechains — was first introduced in 2017, which proposed introducing “sidechains” that are separate blockchains…

After GOP Debate, Blockchain Bettors See Bitcoin-Friendly Ramaswamy as Most Formidable Trump Challenger

In betting markets, the higher it costs to vote in favor of a given outcome, the more likely that outcome is considered. On Polymarket, it currently costs 71 cents to bet in favor of a second Trump nomination and 32 cents to bet against. In practical terms, what this means is that if Trump wins the nomination, those who bet in his favor are set to earn $1 for every 71 cents they bet. If he loses, they get nothing. Source

First Republican presidential debate to feature pro-crypto candidates

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Candidates for the Republican nomination for the 2024 United States presidential election who have publicly expressed their support or disdain for certain crypto-related policies will be meeting for a debate for the first time. At the time of publication, eight presidential candidates with the Republican Party are expected to appear in Milwaukee on Aug. 23 in the party’s first debate ahead of the 2024 election season. Former U.S. Presidential Donald Trump, the party frontrunner currently facing multiple criminal indictments related to his alleged role in attempting to overturn the results…

LiFi launches multi-bridge governance solution after Uniswap debate

Multichain bridging protocol LiFi has launched a multi-message aggregator for decentralized autonomous organization (DAO) governance, according to an Aug. 17 announcement from LiFi research lead Arjun Chand. If implemented by decentralized exchanges, lending apps, and other Web3 protocols, the new aggregator should help prevent governance attacks that originate from cross-chain bridges, according to the aggregator’s documentation. The announcement comes after a vigorous debate over bridge security on the Uniswap forums in late January and early February, concluding that no single bridge has all the security features necessary for secure governance.…

How PayPal Upended the Crypto Debate in Washington D.C.

Had it succeeded, Diem would have presented two challenges, which were discussed publicly at the time, for the federal government to wrestle with. Libra’s stablecoin would have launched when the U.S. lacked a comprehensive regulatory framework for stablecoins, meaning it would exist in a legal and regulatory gray space. And, while that reality would pose a challenge to the federal government, other stablecoin projects have and will exist in the same regulatory gray space. What was different about Diem was that its regulatory challenge would have been turbocharged by the…