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Telegram Attacks SEC, Bitmain Chaos, BTC ‘Easily’ $50K: Hodler’s Digest, Dec. 30–Jan. 5




Telegram Attacks SEC, Bitmain Chaos, BTC ‘Easily’ $50K: Hodler’s Digest, Dec. 30–Jan. 5

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

Top Stories This Week

SEC on “unfounded fishing expedition,” Telegram lawyers tell judge

Telegram’s lawyers haven’t had a quiet start to 2020. A judge gave them less than a single business day to respond to a request from the United States Securities and Exchange Commission to hand over details of how the company spent the proceeds of its $1.7 billion initial coin offering. In reply, the lawyers called for the court to throw out the regulator’s demands — insisting the “voluminous and highly sensitive bank records” have little relevance to the case in question. All eyes are now on Judge P. Kevin Castel in New York, who will decide whether Telegram has to disclose the information. The long-running legal dispute centers on the SEC’s allegations that Telegram broke the law by selling unregistered securities.

Former Barclays exec to launch U.K.’s first regulated crypto bank in 2020

An executive who served as the head of technology at Barclays — and co-founded the British challenger bank Starling — has unveiled plans to launch a multicurrency account for fiat and crypto in the first quarter of 2020. Mark Hipperson’s new venture, called Ziglu, is set to allow users to spend their funds using a Mastercard debit card — with cryptocurrencies converted instantly at the point of sale. Although the venture is only going to be available within the United Kingdom to begin with, Ziglu has applied to the Financial Conduct Authority to become an official issuer of electronic money. As well as enabling consumers to buy and sell foreign currencies at interbank rates, crypto purchases and sales are set to be available at the best price across multiple exchanges.

European Central Bank proposes “unattractive” rates for digital currency

With the likes of Libra knocking on its doorstep, the European Central Bank seems keen to launch its own digital currency. But according to a brand-new working paper, the organization wouldn’t want such a coin to be too attractive to consumers. A newly released document concludes that there are pros and cons to launching a central bank digital currency, but warns that action must be taken to prevent savers selling their fiat in times of crisis. The author of the paper, Ulrich Bindseil, said a potential solution could be to introduce a two-tier interest rate system that would offer “unattractive” rates to holdings above a certain threshold. Such measures are controversial in the crypto world, with Bitcoin proponents arguing that discouraging savers is a common failure of the fiat currency system.

Thanks, Boomer? Bitcoin-friendly generations to inherit $70 trillion

Boomers may be a constant source of derision online, but savvy millennials might want to remain tight-lipped. New research suggests that younger, Bitcoin-aware consumers could be set to inherit almost $70 trillion in value from this older generation by 2045 — that’s more than three times higher than the GDP of the U.S. This could pave the way for an influx of investment in BTC in the years to come. As the Twitter account Crypto Balkans noted, it might be time to retire the hashtag #OKBoomer and replace it with #ThanksBoomer.

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Google Play lifts ban on Ethereum browser extension MetaMask

Champagne corks have been popping over at MetaMask — and not just because a new decade has arrived. Google has now reversed a short-lived ban on the browser add-on, meaning its app is available on the Google Play store once again. The extension, which includes a built-in crypto wallet, enables people to run Ethereum-based decentralized applications. Google claims the blacklisting was a mistake, and that it mistakenly thought that it was an app that mined crypto on mobile devices. Last week, it was revealed that Apple may force Coinbase to remove a DApp browser feature from its crypto wallet application. Critics have claimed that this “censorship” is set to continue because Web 3.0 “is in direct competition with Google and Apple.”

Winners and Losers

At the end of the week, Bitcoin is at $7.493.23, Ether at $136.58 and XRP at $0.20. The total market cap is at $199,425,862,911.

The top three altcoin gainers of the week are BlockStamp, SwissBorg and Aave. The top three altcoin losers of the week are EDUCare, LUNA and Centrality.

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For more info on crypto prices, make sure to read Cointelegraph’s market analysis.

Most Memorable Quotations

“I know our crypto community is not currently equally distributed and I would like to see more women join us to reach half of the community. I would also like for some of the projects to hit mass scale and deliver mass adoption.”

Alex Mashinsky, founder and CEO of Celsius Network

“For 2020, I’d like to see perception of crypto assets return back to a balanced state. I’d like to see the quality projects start to be differentiated more clearly from the garbage projects.”

Erik Voorhees, founder and CEO of ShapeShift

“My wishes are 1) for cryptocurrency exchanges to work together to service the massive underbanked and unbanked community across the globe. 2) For governments to understand the needs of the blockchain community and work to support more innovation in this space, and 3) to see a world where individuals are in control of their financial assets without intermediaries.”

Andy Cheung, head of operations at OKEx

“One of our key goals for 2020 is to bring crypto to the masses. For this, we aim to enable fiat-to-crypto trading for 180+ fiat currencies.”

Changpeng Zhao, Binance CEO

“There were over 379 articles written, prematurely declaring the end of Bitcoin. Not only did Bitcoin survive, it thrived, becoming the top performing asset of the decade. The naysayers were proved wrong and we learned an important lesson about human nature: most big breakthroughs are contrarian ideas that people dismiss and ridicule at the start.”

Brian Armstrong, Coinbase CEO

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Prediction of the Week

Bitcoin can hit $50,000 in 2020 “very easily,” Nexo CEO tells Bloomberg

Now it’s time to take a look at our favorite 2020 vision of the week (get it?). The CEO of the Bitcoin lending platform, Antoni Trenchev, has said he believes BTC will “very easily” balloon to $50,000 over the course of this year. He described it as an “incredible asset uncorrelated to the overall market” — and even claimed the cryptocurrency’s journey up to $20,000 was reminiscent of German hyperinflation after the First World War. Naturally, not everyone is on Trenchev’s wavelength. The CEO of the ZenGo wallet, Ouriel Ohayon, raised eyebrows when he “predicted” BTC would crash to below $1,000 this year. He later insisted he was joking — something that’s plausible given that his other predictions included that all hardware wallets will be hacked, XRP will become the most important cryptocurrency, and that Satoshi’s identity will be revealed.

FUD of the Week

Bitmain co-founder initiates legal fight to return to control over company

As a new decade begins, Bitmain is fighting battles on multiple fronts. Reports suggest the crypto mining giant is planning to reduce its workforce by another 50% before the next BTC halving event in May. The layoffs could be completed before mid-January. In other news, Bitmain’s co-founder Micree Zhan Ketuan has initiated court proceedings against company shareholders in a bid to restore his voting control of the firm. This comes after fellow co-founder Jihan Wu abruptly announced that Zhan had been dismissed from all his roles “effective immediately” and without his consent.

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Ledger wallet user allegedly lost $16,000 to malicious browser extension

Now, a cautionary tale about Chrome extensions. Claims emerged this week that an unsuspecting victim lost $16,000 after installing an add-on for Ledger crypto wallets that actually contained malware. The extension, called “Ledger Secure,” reportedly passes seed phrases back to the add-on’s author, and is not an official product. Ledger itself appears to have confirmed this in a tweet that warned its followers about a phishing alert.

Vexed tech entrepreneur turns Bitcoin hacker, steals more than 1 million euro

A French businessman has been indicted for allegedly stealing BTC worth 1 million euro from his former colleagues in a so-called “act of revenge.” The unnamed entrepreneur is accused of taking a total of 182 BTC — reportedly driven by a motivation to “wash away the humiliation” of being made redundant. It is claimed that he ensured each of his fraudulent BTC transfers was for an amount that wouldn’t trigger an internal security warning. This insider knowledge helped investigators realize that a current or former employee was responsible. The suspect is now subject to travel restrictions, and prosecutors are seeking him to be kept in custody until his trial.

Best Cointelegraph Features

“Cryptocurrency will not die” — Mainstream media on Bitcoin in 2019

The Bitcoin frenzy in late 2017 may have died down, but mainstream media interest in cryptocurrencies has not. Stephen O’Neal looks at the main highlights of Bitcoin and blockchain coverage from newspapers and broadcasters during 2019.

Key factors in crypto and blockchain share their New Year’s wish for 2020

So, 2019 was a year of rapid growth and expansion for digital currencies — piquing the interest of governments and corporations alike. Here, Ana Alexandre finds out what industry leaders and key influencers are hoping for in the coming 12 months.

How blockchain can improve globalization

The birth of blockchain technology and its quick adaptation have left many people stunned. Here, Oluwatobi Joel explores how it can improve globalization — enhancing interactions between people, companies and governments worldwide.

Published at Sun, 05 Jan 2020 23:47:00 +0000

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Yieldly announces IDO




APAC – Yieldly will be having its Initial Decentralized Exchange Offering (IDO) on TrustSwap from 21 – 26 May. The project will be opening at a 20 million fully diluted market cap with liquidity for Yieldly projected to be available on other exchanges in the first week of June.

One of the most promising projects from the Longhash x Algorand Accelerator, Yieldly has raised USD $1.7 million dollars at a 20 million fully diluted token value. The round was led by Borderless Capital with NGC, LD Capital, OKEx Dream Fund, and LongHash ventures. The upcoming IDO is a milestone for Algorand, as Yieldly works towards launching the first suite of DeFi products on Algorand in early June. 

Algorand has already been providing a strong foundation for blockchain projects across many different industries, experts predict Algorands rise in value to possibly be 10-20x by 2025.

Founded by MIT professor and recipient of the prestigious Turing Award for computer science, Professor Silvio Micali, and led by an experienced team, Algorand solves the blockchain trilemma which has been a major pain point for blockchain technology. Algorands unique Pure Proof of Stake (PPoS) approach promises users scalability for a higher volume of transactions, security on the blockchain against attacks and fraud, and decentralization of the network. 

Sebastian Quinn, founder of Yieldly, and a veteran in the blockchain space having worked on projects such as Bluzelle and Power Ledger, says, Yieldly looks to work with any leading group that shares our vision for a truly borderless interconnected DeFi ecosystem. We are glad to be a pioneering company running the first Algorand IDO ever. TrustSwap Launchpad sits at the intersection of major protocols such as Ethereum, Avalanche, and now we are glad to bring the power of Yieldly and Algorand to trust swap.” 

The stage and milestones set by Algorand are what the team in Yieldly seek to mirror, and possibly exceed. With investors on board, the IDO with TrustSwap provides the catalyst to seal the validation from both institutional investors and the public. 

Jeff Kirdeikis, CEO of TrustSwap has high hopes for the project, Yieldly is creating a key infrastructure for the Algorand chain with which TrustSwap is partnering. The key infrastructure can be used by future projects launching on TrustSwap that want to use the Algorand chain.”

To take part in the IDO, TrustSwap users need to stake at least 4000 SWAP or have a SwapScore of at least 2500 by the time of snapshot to receive a guaranteed allocation. 

David Garcia, CEO & Founding Managing Partner at Borderless Capital says, We are excited to support Yieldly since the time they joined us in the Algorand Asia Accelerator. We believe they are developing one of the core building blocks of the Algorand FutureFI ecosystem.”

With the momentum garnered from the IDO and on the platforms first product, Yieldly Pools is poised to be a nexus for other Algorand projects to be involved and to offer some of the best staking and earn rewards for their communities. Beyond that, Yieldly is working tirelessly to create a robust cross-chain protocol to be the DeFi gateway for the cryptocurrency and blockchain space.

Interested parties who want to get in touch with the Yieldly team, or find out more about the project and IDO details can drop a message to Join the Yieldly Telegram chat to engage with the community and get the latest updates on Yieldly. 

About Yieldly


Yieldly is an exciting new project on the Algorand protocol that offers a suite of DeFi apps that democratize liquidity.

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Decentraland Price Prediction 2021-2025: MANA $25 by the End of 2025

Decentraland (MANA) is the 3rd-largest NFT coin today. Crypto experts and analysts predict the price will continue to grow from 2021 and $25 by 2025.




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Businesses and stocks started to dive during the Covid-19 pandemic, and institutional as well as retail investors needed an alternative where they can invest their money and get valuable returns. Ever since the world was hit by the Covid-19 pandemic, digital assets started to gain importance globally. Such has been the success of the industry that today the global market cap has crossed $2.5 trillion in just one year.  

Along with the cryptocurrency market, the DeFi space also grew. The total value locked at DeFi today is more than $125 billion. Moreover, millions of Dapps are being launched on various blockchain platforms. This helped to take the price of the DeFi tokens to new heights. So why should the NFT class stay behind? NFTs, according to their supporters, are the future of collectibles and the increasing digital assets’ economy: a way for users to prove ownership of goods, whether physical or virtual, using unique digital tokens registered on the blockchain.


One such NFT token which is witnessing a lot of popularity and success these days is Decentraland (MANA). Decentraland is the 3rd-largest NFT token today with a global market cap of $2 billion, and it’s trading at $1.47 at the time of writing. If you look at the graph, you will get a clear idea that the success of the token has been raging. Many investors assume Decentraland has a good chance of increasing its value even more. MANA crypto is viewed favorably by cryptocurrency analysts, who believe the coin has greater growth potential in the future.

MANA Chart

Hence, if you’re considering investing in the coin, this article will provide you with a long-term price forecast for Decentraland. This article will give you a quick rundown of the Decentraland price forecast for the years 2021-2025. The goal is to assist you in determining whether it is worthwhile to invest in Decentraland.

What Is Decentraland? 

Decentraland is an Ethereum-based virtual environment where you can play, discover, and engage with games and activities controlled by the users. You can also buy land and use it to build your landscapes, marketplaces, and applications. MANA and LAND are the two tokens used in Decentraland. To obtain non-fungible ERC-721 LAND tokens, MANA is an ERC-20 token that must be burned. On the Decentraland marketplace, the use of MANA tokens enables users to purchase a variety of avatars, wearables, titles, and other products.

Decentraland is a platform for content creators, companies, and individuals seeking a new creative medium, market opportunity, or source of entertainment. Besides, Decentraland aims to incorporate blockchain technology in the gaming industry. Its creators believe that every possession, even a virtual one, should belong to the rightful owner and no centralized authority should be able to enforce its will on the owner.

In August 2017, Decentraland concluded its initial coin offering raising approximately $24 million in ETH, BTC, and other cryptocurrencies. The platform has developed over time to provide interactive applications, in-world payments, and peer-to-peer networking for users.

Decentraland and the MANA NFT Token

Decentraland’s operations are governed by two types of tokens. LAND – A non-fungible token (NFT) used to determine ownership of digital real estate land parcels. And MANA – a cryptocurrency used to buy LAND as well as virtual products and services in Decentraland. The latter is the subject of this article.

MANA crypto, which also powers the Decentraland virtual network, is required for all transactions in Decentraland. The initial supply of MANA was allocated as follows: 40% was sold in the initial sale, 20% went to the group and partners (allowances that enabled immediate contact with Decentraland), 20% went to the founding team, and 20% went to the Decentraland base.

The maximum supply of MANA is fixed at 2,644,403,343. Changes to the Decentraland program are possible by a network of blockchain-based smart contacts that enable MANA owners to vote on policy updates, land auctions, and new development subsidies.

How Does Decentraland (MANA) Work?

Decentraland is also one of an increasing number of projects that make governance decisions using a decentralized autonomous organization (DAO) framework. As a result, MANA token holders have a voting right on how the Decentraland universe operates, by proposing and voting on policy changes, the details of future LAND auctions, and the types of content permitted in the Metaverse.

The app uses the Ethereum blockchain to monitor ownership of this digital property. It allows users to keep their MANA token in an Ethereum wallet to participate in its ecosystem. Furthermore, developers have the freedom to innovate within Decentraland’s platform by developing the animation and experiences that users encounter on their virtual real estate.

A Security Advisory Board (SAB) monitors the security of Decentraland’s smart contracts, reviews governance proposals, and responds to bug reports in addition to the DAO. The SAB is composed of five members elected by the Decentraland community. The board has the authority to postpone or refuse governance plans that could have a detrimental impact on Decentraland.

Decentraland (MANA) Technical Analysis

Recap: MANA Price in 2020 and Earlier

People from all over the world donated 86,260 ETH (approximately $25 million) when the MANA token was released in 2017. This was made possible by the collaboration of over 2,000 different customers.

2020 was quite a successful year for Decentraland token MANA. The year 2020 has been a significant one for the Decentraland culture. Decentraland’s contributors have made an amazing variety of features, material, and live events accessible, from the open-sourced World Explorer and DAO to the complete decentralization of the platform’s deepest layers of functionality to some awesome crowdsourced creative competitions. It started the year with a trading price of $0.08, which went to become $0.11 in January 2021. 

Factors Affecting Price of MANA 

In addition to being a creative outlet, many Decentraland users currently monetize their LAND by leasing, ads, and paid experiences. Other users make money by making and selling products on the Decentraland marketplace in exchange for MANA tokens. 

With more users and activity notifications, the Decentraland project is likely to mature. And, the MANA product will begin to deliver consumer-grade solutions. However, this will most likely take some time to complete. The network will most likely have to deal with the burden of a high PMR for some time. And with that, the price of the token will affect greatly.

MANA Price Prediction 2021

In 2021, there’s a lot to look forward to. The Decentraland developer group is working on some important additions, such as tools for creating scenes directly in-world, a desktop client to enhance efficiency and introduce native VR support, and a completely integrated L2 (second-level blockchain) solution for developers, users, and scenes. The price of the token was $0.08, and today it stands at $1.47. And that’s quite an improvement. Therefore, if we look at the charts then it won’t be wrong to say the price of the token might easily cross $2.00 by the end of this year. 

MANA should focus on improving its functionality for seamless services, and some social media factors could contribute to the token’s development.

MANA Price Prediction 2021

MANA Price Prediction 2022

With the NFT market already flourishing and people understand the potential of crypto tokens, to invest in them, one can expect a lot from this token in 2022. The upward trajectory of the token expects to continue. MANA will launch in 2022 for $4.00, and the token’s value is likely to increase if it attracts advertisers with its specifications and makes it more user-friendly. By the end of 2022, the token will be worth $9.75.

MANA Price Prediction for the Next 5 Years

When it comes to forecasting the long-term price of the MANA token, fundamental analysis of Decentraland is critical. Long-term patterns derived from years of historical price data will aid in forecasting the coming years, but the fundamental analysis is crucial. Users may increase as a result of such collaborations and innovations, and investors may be more interested in investing in it.

As the Decentraland team continues to refine their products and those products receive acceptance from the target audience, one can believe the price of MANA will drop to the $10-$25 range between 2022 and 2025. This MANA price forecast is based on multiple data sets and statistical modeling, with the assumption that the current long-term trend driving the price of MANA continues to rise with no significant setbacks.

Decentraland (MANA) Price Prediction by Market 

Decentraland, like every other cryptocurrency, has a high level of uncertainty. This is why it’s useful to be able to forecast MANA’s price and trade accordingly. And, as investment pours in steadily, the majority of cryptocurrency market forecasts are optimistic. Here are a few forecasts by some platforms.

DigitalCoin Price

According to the site,  Decentraland (MANA) price will not be downward based on our estimated prediction. In one year, the price of one Decentraland (MANA) could rise to $2.38, nearly doubling from the current price. It also predicts that by the end of 2022, the price of the token will stand at $3.19. They also mention that Decentraland (MANA) is a profitable investment based on our forecasting.

Wallet Investor

The site says MANA can be a lucrative investment choice if you are searching for virtual currencies with a high return. On 2021-05-08, the price of Decentraland was $1.469. If you purchase Decentraland today for $100, you will receive a total of 68.078 MANA. The price estimate for 2026-05-02 is 5.387 US Dollars, based on our projections of a long-term rise. The revenue is estimated to be around +266.71% after a 5-year investment. In 2026, your present $100 investment will be worth $366.71.

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MANA, according to CoinQuora, is in a bullish uptrend. In the best-case scenario, this might also result in a market breakout. MANA must also break through the Fib retracement stage at $1.8 in the short-to-medium term scenario for their 2021 MANA price forecast. It must first develop further support at the Fib level of $1.59 to do so. Bears will gain the upper hand and drag MANA to their territories if this does not happen.


By the beginning of September 2021, the Decentraland price is expected to hit $1.89945. The highest estimated price is $2.39405, with a minimum price of $1.62795. The end-of-month price forecast for Decentraland is $1.91524. The site also says that the crypto might close the year at $2.46. 


Since the cryptocurrency market is highly unpredictable and difficult to forecast in the long run, researching the dynamics and development of Decentraland is critical before deciding to invest some amount of money in the long term to keep for months or years. It’s critical to consider risk and reward when determining if Decentraland (MANA) is a good investment for you. We can forecast MANA prices in the short and long term, but expectations for each must be realistic. Based on the fundamentals of the Decentraland project, we believe MANA will soar in the long run.

And if we look at the charts now, we can say that the future of crypto looks quite happening. The market cap is increasing at a good pace. And with almost all analysis and chart experts in favor of the token, MANA can be called a good investment for years to come.

#Decentraland #DeFi #MANA Token #NFT token #NFTs

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Opimas estimates that over US$190 billion worth of Bitcoin is currently at risk due to subpar safekeeping




May 2021. Safekeeping of cryptocurrencies presents a challenge for institutions holding cryptocurrencies on their clients’ behalf. Cryptocurrency transactions are irreversible and anyone with full access to a wallet’s private key controls the cryptocurrencies that reside within it. Frighteningly, a number of institutional participants and even some large cryptocurrency exchanges rely on subpar custody approaches, leading Opimas to estimate that over US$190 billion worth of Bitcoin is currently at risk due to subpar safekeeping.

Luckily, a number of companies have emerged to address this problem. A new research report from Opimas—Crypto Custody: No More Excuses, authored by analysts Suzannah Balluffi and Anne-Laure Foubert—looks at the landscape of cryptocurrency custody-enabling technology providers and institutional-grade cryptocurrency custodians as well as the size of the market for cryptocurrency custody and brokerage services.

Some key findings in the report include:

Many of even the largest holders of Bitcoin and other digital assets continue to rely on storage devices meant for individual investors. Although some of these self-custody devices and wallets are secure and reputable, the operational risk posed by this approach is significant for institutional investors. Furthermore, a chunk of institutionals’ cryptocurrency holdings sit in hot wallets on exchanges. In total, about 22% of institutional cryptocurrency holdings are safeguarded in these relatively risky manners (Figure 1).



Source: Opimas analysis.

There are no more excuses for lackadaisical safekeeping – institutions can now choose from several reputable cryptocurrency custody-enabling technology providers and institutional-grade cryptocurrency custodians. Yet no custody solution is equal – there is still no best practice when it comes to security and governance relating to private keys. For example, some providers may rely on time-tested Hardware Security Modules (HSMs), while others use a newer technology known as Multi-Party Computation (MPC) – see Figure 2.


Source: Ledger, Fireblocks, Opimas analysis.

Some cryptocurrency custodians have followed in the footsteps of traditional capital markets by adding prime brokerage services to their offerings, including trading and settlement, lending, margin finance, staking, reporting, and capital introduction services. Opimas estimates that the current annual revenues generated by the institutional crypto brokerage and custody market are roughly US$2 billion and will grow to nearly US$8 billion by 2026 – a sizeable portion of this coming from brokerage services (Figure 3).


Source:  Opimas analysis. 

  • Regulations surrounding institutions’ ability to store cryptocurrency have become clearer (and in some cases more favorable) in numerous jurisdictions. Notably, the Office of the Comptroller of the Currency (OCC) ruling in the US has allowed banks to store cryptocurrencies for their customers. This regulatory clarity has led a number of financial institutions around the world to provide trading and custody for digital assets. With the advances in brokerage and custody solutions, Opimas expects institutional cryptocurrency holdings to grow from 20% of the cryptocurrency market cap to over 50% by 2026 (Figure 4).

FIGURE 4. INstitutional cryptocurrency holdings over time 

Source:  Opimas analysis.

Source: PlatoData Intelligence

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“Privacy is a ‘Privilege’ that Users Ought to Cherish”: Elena Nadoliksi

Zac Williamson and Elena Nadolinksi discussed the importance of privacy in the crypto space. According to them “it’s a ‘privilege’.




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How important is privacy to cryptocurrency users? Zac Williamson and Elena Nadolinksi discussed the importance of privacy in the crypto space. According to Elena Nadolinksi, founder and CEO of Iron Fish, “it’s a ‘privilege’ that users ought to cherish.” The statement was made at Ethereal Summit.

Cryptocurrencies and Their Relationship with Privacy As Per Elena Nadolinksi

Elena Nadolinksi of Iron Fish and Zac Williamson of Aztec Protocol discussed crypto’s relationship with privacy. Nadolinksi, in Yesterday’s Ethereal Summit, said that,

“Privacy isn’t a right, it’s a privilege, and it’s a privilege worth keeping.” 

Adding that “privacy adds to innovation because people are comfortable in the knowledge that their innovations are their own.”

While Williamson keeps a different view on privacy. According to him, 

“Privacy ought to be a right, but it isn’t so much these days, particularly on the web.” 

“If you want to avoid third-party advertising or targeted scams against you, privacy can mitigate those risks,” Williamson added.

Zac Williamson, co-founder, and CTO of Aztec Protocol joined hands with Nadolinksi and Robert Drost, head of research and development at ConsenSys, to discuss the role of privacy coins in the wider crypto industry. 

It is surprising to know that despite the complex technology behind the crypto industry’s privacy coins, the most popular digital coins, for example, Bitcoin are not considered to be privacy-focused. 

Privacy is Important for The Cryptocurrency Industry

According to Nadolinksi,

“When we catch bad actors in the real world, you have suspicious activity, you go to an entity like a bank, you subpoena the bank and you get records and you catch the bad guy. And so for cryptocurrencies, it’s actually a very very similar story now,” 

Beyond consumer unresponsiveness, the adoption of privacy coins is potentially being held back by the concern that these technologies give rise to illicit finance. 

Williamson, in turn, said,

“Improvements in technology could solve concerns about bad actors using privacy coins.”

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#“Privacy is a ‘Privilege’ that Users Ought to Cherish”: Elena Nadoliksi #Elena Nadolinksi #Privacy coin #Zac Williamson

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