In a world where centralized finance is struggling, decentralized economics is taking the reins. Also known as DeFi, this exciting new development is made up of a variety of applications that run on top of blockchain technology. These applications aim to take control away from third-party intermediaries and put it back into the hands of…
What’s Defi and Is It Worth It? Decentralized Finance Explained
April 28, 2022
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Chinese Universities Embrace Blockchain Technology–Should US Universities Do Likewise?
Commentary Eric Adams, the mayor of New York City, believes schools and colleges across the land should add cryptocurrency to future curriculums. Bitcoin, in his opinion, is “the new way of paying for goods and services throughout the entire globe.” It’s not, and, in all likelihood, it never will be. Try buying a loaf of…
JPMorgan, Toshiba, Ciena Find New Way to Protect Blockchain With Quantum Network
February 18, 2022
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NEW YORK—A team of quantum computing engineers from JPMorgan Chase & Co., Toshiba Corp. and Ciena Corp. say they have successfully shown that a powerful, newly-developed encryption network can be used to protect communications on the blockchain, according to a paper published Thursday. The group of researchers say it is the first time that a…
As Crypto Rises, Some Bemoan Its Carbon Footprint
February 11, 2022
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In the years since the still-anonymous ‘Satoshi Nakamoto’ created the first cryptocurrency, Bitcoin, crypto has proven to be polarizing. Proponents argue that cryptocurrencies offer a transparent alternative to fiat currencies like the dollar. Crypto transactions are permanently recorded on a decentralized ledger known as a blockchain, making them potentially resistant to censorship. For political dissidents,…
Excited About Crypto? The Feds Are Too
January 18, 2022
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Commentary It all started with the “Genesis Block.” On Jan. 3, 2009, Satoshi Nakamoto mined the first “block” on a distributed network known as a blockchain—and suddenly bitcoin was born. Within two years, the nascent cryptocurrency had captured the imagination of the early adopter masses. And when the masses’ imaginations kick into high gear around…
Congress Needs to Provide Guardrails for the Cryptocurrency Revolution
Commentary The Chinese Communist Party poses the most comprehensive 21st-century threat to the American nation, the American people, and the American way of life. The first half of this century will be defined by how the United States meets the Chinese challenge across the full spectrum of economic, national security, geopolitical, and cultural issues. And…
Unlike China, US Should Use Blockchain as a Force for Good
Commentary What is the purpose of bitcoin? For some, it’s a transcendent, egalitarian force. For others, it’s a little more than a Ponzi scheme, a glorified gimmick full of false hope and empty promises. In July, the Chinese Communist Party (CCP), no fan of bitcoin, issued a sweeping ban on crypto mining. More recently, Beijing declared all…
Facebook Chief Technology Officer Makes ‘Difficult Decision’ to Step Down in 2022
September 23, 2021
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Facebook Chief Technology Officer Mike Schroepfer has made the “difficult decision” to step down from his role, he announced Wednesday. Schroepfer, who has worked for the social network for 13 years and oversees its work in artificial intelligence (AI), virtual reality, and the blockchain, said he will transition to a new part time role as Facebook’s first senior…
Day of the Cryptocurrency Is Here
Commentary The age of digital currency has arrived. Unfortunately, it’s less of a brave new world than it is an uncertain one, marked by political upheaval and economic excesses. Anyone not living under a rock knows that the world today is very different—and far less stable—than it was even a year ago. Of course, on…
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