Bitcoin

BTPI will research the relationship between Bitcoin and financial freedom

Published

11 months ago

19 May, 2024

BTPI will research the relationship between Bitcoin and financial freedom

O Brooks School Technology Policy Institute (BTPI) announced a $1 million project to study financial freedom in countries with authoritarian governments. Led by BTPI Director Sarah KrepsJohn L. Wetherill Professor in the Department of Government in the College of Arts and Sciences and the Cornell Jeb E. Brooks School of Public Policy, the research will employ quantitative and qualitative approaches to understand the use of Bitcoin and stablecoins by individuals around the world. world.

“If we live in a place where the government silences its critics, threatens its assets, or where we cannot trust the local banking system, we understand the importance of financial freedom for democracy,” Kreps said. “We want to study how people in these countries are using Bitcoin and stablecoins in their pursuit of financial security.”

Director of BTPI, Dr.

The innovative approach to purpose-driven research was designed to build a framework for creating a Bitcoin and stablecoin adoption index that maps and analyzes acceptance globally. Supported by funding from the Human Rights Foundation – a non-partisan, non-profit organization that promotes and protects human rights globally, with a focus on closed societies – and the Reynolds Foundation – a family foundation dedicated to supporting medical and spinal cord research and treatments, education and democracy and freedom – the project is scheduled to begin in July 2024 and end in 2026.

Reynolds Foundation President and CEO Dr. Álvaro Salas Castro MPA ’14 explained that the multimodal and collaborative nature of the investigation would lead to broader access to knowledge at a critical moment in global politics.

“The Tech Policy Institute at Cornell University’s Brooks School of Public Policy stands out as a crucial center for investigating the intricate relationship between emerging technology and global politics. Through a dedicated focus on critical issues such as artificial intelligence, cybersecurity, and regulations of digital privacy, the Institute’s interdisciplinary research aims to shed light on the complexities of our rapidly evolving technological landscape,” said Dr. Salas Castro. “As Bitcoin adoption continues to exert influence on the global economic system, the Institute’s firm commitment to fostering collaboration among academics, policymakers, and industry leaders aligns perfectly with the Reynolds Foundation’s vision of supporting a network of knowledge sharing that takes advantage of this technology for society to benefit.”

According to Professor Kreps, the project will focus on around 12 countries, including India, Nigeria, El Salvador, Indonesia and Turkey, and will investigate Bitcoin and stablecoin adoption. Kreps and his research team will partner with a large global research firm to develop and deliver surveys to 1,000 participants in each country that question not only adoption behaviors based on each country’s demographics, but also perceptions and attitudes toward regarding these digital currencies. A research team that includes undergraduate students will conduct interviews to delve deeper into the usage base.

According to HRF Chief Strategy Officer Alex Gladstein, combining survey data and qualitative research in countries where relatively little is known about the use of Bitcoin and stablecoins represents a new approach to creating a foundation of understanding about their potential for increase financial freedom around the world. world.

“Bitcoin continues to grow and become a larger part of the global economic system. Today we have nation-state adoption, widespread mining operations on every continent, exchange-traded funds (ETFs) trading in the United States, and recent highs The Human Rights Foundation has also noted that human rights groups and nonprofits are embracing Bitcoin to challenge financial repression by authoritarian regimes,” Gladstein said. “This research under the guidance of Professor Kreps will shed light on exactly who in the world is using Bitcoin and dollar substitute stablecoins, and why.”

The objectives of the financial freedom research project include:

Increase shared understanding of the factors driving cryptocurrency adoption, usage patterns, and broader implications for financial inclusion and technological innovation.
Assess the ability of policymakers, industry stakeholders, and community organizations to make informed decisions about regulatory frameworks, product development, and educational initiatives related to cryptocurrencies.
Expand access to financial services and economic opportunities for individuals who are underserved or excluded by traditional banking systems.
Increase public awareness and understanding of cryptocurrency technology, its potential benefits, risks and implications for individuals and society.

“Researchers have postulated a number of different reasons why citizens in these countries might use encryption and our research will investigate these acceptance mechanisms to understand the motivations and goals and whether these vary depending on the region or type of government,” said Kreps.

Giles Morris is assistant dean for communications at the Cornell Jeb E. Brooks School of Public Policy.

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Bitcoin

What to watch for in the markets

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

Photo: Andrew Harnik (Getty Images)

After witnessing one of the largest global IT outages on record, affecting the travel, finance and healthcare sectors worldwideThis week is set to see more political drama, events, and earnings reports from tech giants.

Donald Trump’s ‘Lovefest’ Sets Jamie Dimon Up for Consideration for Treasury Secretary Job

Let’s take a look at what awaits us:

Major companies will release their earnings reports

Major tech companies and others will release their earnings reports this week, paving the way for what the second half of 2024 will look like.

Monday

Verizon will report earnings before the start of operations.

Tuesday

Coca-Cola, Comcast and UPS are all set to report earnings before the market opens.
Tesla will report earnings in the morning, while General Motors will report earnings in the evening.
Alphabet and Visa will report results after the market closes.

Wednesday

AT&T will release its report before the market opens.
Ford and Chipotle will report earnings after the market closes.

Thursday

Earnings reports from AstraZeneca, American Airlines and Southwest Airlines will be released before the market opens.

Trump to speak at Bitcoin conference

Presumptive Republican presidential nominee Donald Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether the crypto-friendly Trump will receive support from the crypto community in the upcoming election.

In addition to Trump, independent presidential candidate Robert F. Kennedy Jr. will also discuss crypto during the conference. Crypto advocates such as ARK Investment’s Cathie Wood, MicroStrategy’s Michael Saylor, and whistleblower Edward Snowden are among some prominent names who will be participating in the conference.

Ether ETFs are on the way

New Ether Spot ETFs are set to begin trading on Tuesday, July 23. Much like the spot Bitcoin ETFs, these ETFs will allow investors to buy the second most popular cryptocurrency like stocks. BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, and Invesco/Galaxy Digital are all set to offer Ether ETFs. Crypto asset manager Bitwise predict that trading in the Ether ETF will drive the price of Ether higher, potentially surpassing $5,000.

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Bitcoin

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Bitcoin miners and cryptocurrency companies that have been blocked from going public in the U.S. could ultimately be the biggest winners in the digital asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share could end up being the biggest losers.

That’s the view that’s taking hold among market participants and observers in the wake of the former president’s growing embrace of cryptocurrency as his chances of election grow. survey released Thursday by CBS News showed Trump with the majority — 52 percent — of likely voters in his likely November rematch with President Joe Biden.

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Bitcoin

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Cryptocurrency investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and the cryptocurrency market in general seem poised for a run.

Former Head of Cryptocurrency at ARK Invest account his 292,200 followers on social media platform X that several catalysts are aligning, suggesting that digital asset markets are on the verge of a bull run.

According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest significant optimism for the cryptocurrency markets.

“With ETH ETFs set to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, and SOL charts looking [they do] (while stocks are weak), it’s hard to imagine a world where we don’t ship next week.”

Reuters recently reported that preliminary approval for ETH ETFs has been granted as the Bitcoin Conference is scheduled to take place from July 25-27.

BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 at the time of writing, respectively.

The venture capitalist too provides an update on his prediction that the total crypto market cap will eventually hit $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete, as it sits around $2.2 trillion.

Source: Chris BurniskeX

Earlier this month, Burniske he said in an interview with Real Vision CEO Raoul Paul that he has his eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer 1 blockchains Sui (IUE) and Apts (APT).

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Bitcoin

Here’s the next target for BTC before bulls can hold out for $70K

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

Here’s the next target for BTC before bulls can hold out for $70K

Bitcoin’s recovery is going well, and the market is seemingly poised to create a new all-time high in the near term.

Technical analysis

Per NegotiationRage

The daily chart

As the daily chart shows, the price of Bitcoin has been rising since it broke above the 200-day moving average.

The market has also reclaimed the $60K and $65K levels and is moving towards the $68K resistance zone, which could be the last hurdle before creating a new all-time high. With the RSI also indicating that the price has clear bullish momentum, it could be just a matter of time.

Source: TradingView

The 4-hour chart

Looking at the 4-hour chart, it is evident that the price has been rising rapidly since breaking the downtrend line to the upside. The market also broke the $65K resistance level with momentum, turning it into a support.

While almost everything points to a new record high in the coming weeks, there is one worrying sign. The RSI is showing a clear bearish divergence between recent price highs, which could indicate a correction or even a reversal in the near term.

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