Category: Cryptocurrency News

submitted by /u/tommy199469 [link] [comments]

submitted by /u/trizest [link] [comments]

With Web 3.0 gaining ground, data is the new currency as anyone who has control over useful data can make a fortune by putting it to good, or even bad use. As the world goes increasingly digital, people are now genuinely concerned about safeguarding their data. In the current scenario, if one can exert control over their personal information and data generated by their day-to-day activities, they will not only decide on who can access it but also derive monetary benefits out of it. The importance of user-generated data is not lost to the world, as many controversies in recent days have made people aware of the extent many online businesses go to plump up their balance sheets. When one speaks about such scandals involving gross misuse of user data by violating the users’ trust, the Cambridge Analytica- Facebook fiasco comes to mind. But again, what is the alternative to social platforms and online services like Facebook, Google and other big tech companies who gather user data by luring users in the pretext of free-to-use services. After all, there is no such thing as free lunch. And in this case, users are paying for these services by giving away valuable personal information including their most private moments for free to online platforms. As companies grow hungry for user data, there have been attempts from various governments to keep them in check. Few regulations like the European GDPR and a more region-specific CCPA applicable in the State of California are positive steps in the right direction, but not foolproof. While these regulations safeguard a small percentage of the global population, a large number of people across geographies are left vulnerable. Swash as an Answer The power of decentralization, first introduced by Bitcoin and carried forward by various blockchain projects that followed is put to use by Swash to solve a significant portion of the problem Swash is an ecosystem that brings the increasing value of data back to people by raising awareness and enabling them to monetize it. Relying on what it calls a better-than-free model, Swash doesn’t embark on a virtually impossible task of safeguarding all the data generated by any user. But instead, it collects and monetizes the non-sensitive member-generated data in a transparent and secure fashion and shares the proceeds with them. To benefit from Swash, all one has to do is install a plugin and continue browsing, just like they would do otherwise. The plugin will take care of all the heavy lifting by collating all non-sensitive, yet valuable user data based on the behavior and usage patterns. The collection is then presented to the user for review and approval before it can be packaged and monetized along with other batches of user-generated data authorized by their owners who are part of the much larger Swash pool, referred to as “Data Union”. In return for their contributions, the users sharing their data will earn Swash tokens, which can be stored, spent or exchanged for other digital assets. Swash is an opt-in solution that requires explicit user approvals for various actions. To assure transparency and security, the platform has undergone a full Data Protection Impact Assessment and registered with the Information Commissioner’s office in the United Kingdom. Multi Chain, Multi-Browser and Backed by Multiple Big Names The Swash browser plugin is available for almost all the popular browser applications including Google Chrome, Mozilla Firefox, Microsoft Edge, Brave, Opera etc., and soon will become available on Android and iOS powered devices. The Swash ecosystem is powered by SWASH, a cross-chain utility token that works seamlessly on Ethereum, xDAI and Binance Smart Chain protocol. The token is a critical part of the platform’s incentive, data transaction, DAO governance and staking systems. The Swash ecosystem holds a promising outlook, due to its increasingly important role as a manager and protector of user-generated data. Backing this promise are some of the big names in the crypto industry which include the likes of KuCoin, Outlier Ventures and Streamr. Meanwhile, staying true to its commitments, Swash is busy building the first wave of products and services that are going to satisfy the varying requirements of its fast-growing community. Some of the first wave solutions that are soon going to be part of the Swash ecosystem includes Data Union – a pool of Swash users generating value from their data from their usual online activities through easy monetization; sIntelligence for meaningful interpretation of aggregated user data that can be used to decipher and display key metrics that are of interest to businesses; sApps to provide an environment for new builders and developers to get involved and create their solution on top of Swash core technology and sCompute for all the data crunching without exposing the actual data, which will be of particular interest to data scientists. In addition to this first wave of solutions, Swash will be introducing a variety of other products and services in the near future, with real-world applications. Ultimately, the platform intends to strike a balance between privacy and monetization of user data while providing a passive income stream to internet users across the world. For more information on Swash, check out their official website and try out the browser app for yourself. You can follow the project’s Twitter, Telegram, Reddit, Medium, and LinkedIn for news and updates, subscribe to the Swash mailing list to be prioritized for whitelisting ahead of their IDO this month

submitted by /u/yankees051693 [link] [comments]

“I just want my coins back. I’m tired of how long and drawn out it is,” said one user claiming to be one of the 24,000 Mt. Gox creditors.

Hey everyone, I love the mission and ideology behind DAOs and I'm subscribed to the bankless dao newsletter along with holding some DAI. What are some ways I can get involved with DAOs? I love the mission and would to contribute/volunteer if I could but I've only been in the space for about a year…
Read more

It seriously makes me cringe every time the SEC tells people that Crypto is unsafe and that it needs regulation so they can "make sure it's safe for the people." Crypto is by far the safest asset out there. Even governments struggle to control it. It is almost impossible to hack. It makes the idea…
Read more

Billionaire George Soros’ investment fund has had its eye on bitcoin for a while now. Bitcoinist had reported in July that the fund was looking to start trading bitcoin. It would not be the first time the company was getting into the crypto market but it is the first time that the fund has traded in the digital asset directly. Bitcoin was at the top of its list. However, the fund had its eye on other crypto-assets in the space. Soros Fund CEO Dawn Fitzpatrick has now confirmed that the investment firm had indeed begun trading in cryptocurrencies. Speaking on Bloomberg Live, Fitzpatrick said that the Soros Fund had invested in some cryptocurrencies. Apparently, the fund had bought some coins in the past month, but Fitzpatrick explained that the fund did not own a lot of cryptos. “We own some coins. Not a lot.” Fitzpatrick said. Related Reading | Bitcoin Shakes Off Bloody September As Price Breaks $50K, Headed For New All-Time Highs? The CEO’s fund had actually started looking into the cryptocurrency market for over two years. The following years have seen the fund invest in crypto infrastructure companies like exchanges and custodians. The family office had participated in an investment round that had raised $200 million for New York Digital Investment Group. It wasn’t until the bull rally of 2021 that the fund had confirmed that it was looking to start trading in bitcoin. It was not revealed what cryptocurrencies the fund held in its custody but it is confirmed that the firm is trading bitcoin. BTC price trailing $54K | Source: BTCUSD on TradingView.com Hedging With Bitcoin Bitcoin is often used as a hedge against inflation. Investors have turned to the digital asset due to its year-over-year growth compared to the current inflation rate. Fitzpatrick acknowledged that the crypto could be used as an inflation hedge, but thinks that the asset has grown beyond just this use case. “I’m not sure Bitcoin is only viewed as an inflation hedge here,” Fitzpatrick said. “I think it’s crossed the chasm to mainstream.” Another interesting point from the CEO was the utility of the decentralized finance space. While the fund itself owns some coins, Fitzpatrick says that what is really interesting are use cases like decentralized finance (DeFi). The applications of crypto and blockchain technology have gone just beyond trading in coins. It is now a vehicle for earning passive income for a lot of investors. Related Reading | Bitcoin Inflows Shows Institutional Investors Are Back On The Bull Train Furthermore, Fitzpatrick added, with the current valuation of the crypto market, the fund did not believe that bitcoin can be relegated to the background anymore. If anything, crypto is now mainstream. “Cryptocurrencies now have a market cap of over $2 trillion. There’s 200 million users around the world, so I think this has gone mainstream from our perspective.” Featured image from Corporate Finance Institute, chart from TradingView.com

submitted by /u/tschmitt2021 [link] [comments]

submitted by /u/PandemoniumX101 [link] [comments]