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- YouTube videos + jokes video collection thread part 5 – page 389
- Russia Developing AI System to Monitor Cryptocurrency Transactions — Prototype Already in Use | Regulation Bitcoin News
- Championing Blockchain Education in Africa: Women Leading the Bitcoin Cause
- Crypto Exchange UpBit Scores Full Deck of Licenses From Thai SEC
YouTube videos + jokes video collection thread part 5 – page 389
OMG I can't take it anymore!
Ah, my favorite Youtubers. Can't do anything right but a lot of it. Always a pleasure. (All PC craft professionals please drink valerian tea beforehand – with a regular shot in it, of course. )
How much stupidity has gathered there in Berlin.
I ask myself how such strayers do their daily (work) life?
Russia Developing AI System to Monitor Cryptocurrency Transactions — Prototype Already in Use | Regulation Bitcoin News
Russia is reportedly developing a system using artificial intelligence to track and analyze transactions involving cryptocurrencies, such as bitcoin, dash, and monero. The system prototype has already been created and is currently being tested. This news followed the signing of crypto regulation into law by President Vladimir Putin.
The Russian government is planning a new system to track bitcoin transactions, local media RBC reported Monday, citing a letter to Parshin Maxim Viktorovich, Deputy Minister of Russia’s Digital Development, Communications and Mass Media. The letter, which it has seen, describes a plan for the Federal Financial Monitoring Service of the Russian Federation (Rosfinmonitoring) to monitor cryptocurrency transactions.
Rosfinmonitoring is tasked with collecting and analyzing financial transactions to combat domestic and international money laundering, terrorist financing, and other financial crimes. According to the letter:
Rosfinmonitoring plans to develop a system for analyzing cryptocurrency transactions using artificial intelligence (AI).
The project, called “Transparent Blockchain,” will “partially remove the anonymity of participants in transactions with cryptocurrencies in Bitcoin, Ethereum, Omni, Dash, and Monero systems,” the letter reportedly notes. The authorities, the Bank of Russia, and financial organizations will be able to use the system to monitor and analyze the movement of cryptocurrencies, identify service providers, and conduct investigations related to their illegal circulation.
The letter also details an “urgent need” for Rosfinmonitoring to monitor crypto transactions to give the government control over the circulation of cryptocurrencies. This is to prevent crypto assets from being used in “illegal schemes,” it adds, giving some examples of “drug trafficking, tax evasion, cybercrimes, contract killings, sale of information from closed databases, [and] financing of extremism.”
Furthermore, Nikita Kulikov, member of the State Duma’s expert council and founder of Pravorobotov Autonomous Non-Profit Organization, noted that Rosfinmonitoring plans to create an AI to “monitor the entire internet in search of illegal actions with crypto assets,” such as signs of money laundering and terrorist financing.
The prototype of this system has already been created and tested in the field of drug trafficking control, the letter details. It was developed by the Lebedev Physical Institute of the Russian Academy of Sciences, one of the leading Russian research institutes specializing in physics. The Ministry of Internal Affairs became acquainted with this prototype and got interested in its use, the letter elaborates.
So far, the system has been developed without federal funding. However, to take it to the next level and provide it as a governmental service, preliminary data suggests that the project will require 760 million rubles ($10.33 million) from the federal budget: 440 million rubles this year, 230 million rubles next year and 90 million rubles in 2023.
A law regulating cryptocurrencies in Russia has recently been signed by Putin. It provides cryptocurrency with a legal framework but prohibits its use for payments.
What do you think about Russia developing a crypto monitoring system? Let us know in the comments section below.
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Championing Blockchain Education in Africa: Women Leading the Bitcoin Cause
It’s no secret that women are underrepresented in the technology and financial industries. In the U.S, women only hold a quarter of computing-related jobs. Some sectors, like software engineering, fare even worse, with female representation as low as 15%.
And now along comes blockchain, a technology that promises a global revolution through decentralization. Blockchain has already begun to transform many industries, from finance and supply chain management to healthcare and governance.
However, it has yet to significantly change the demographics of the tech industry.
According to a study conducted by Long Hash, a cryptocurrency research firm, women only represent 14.5% of blockchain startup team members. At the management level, the number is even lower, with women only accounting for 7% of executives and 8% of advisors.
In Africa, the story has been quite different. The continent has greatly taken to blockchain technology and cryptocurrencies, and women have been playing a key role. Despite the tech industry traditionally being a ‘boys’ club,’ a rapidly growing number of fearless, dedicated and determined women have taken the industry by storm, rising to various positions of power and influence.
In Africa, women have faced marginalization for centuries. Economic exclusion, lack of access to education, gender-based violence, limited participation in political decisions – these are just a few of the many challenges that the continent’s women face.
This has been one of the reasons Bitcoin, and the underlying blockchain technology, have appealed to many women. For them, blockchain promises freedom. The technology gives them hope that they can break free from the shackles of financial captivity by the legacy systems, decades of corruption, lack of opportunities and more.
For example, in Botswana Alakanani Itireleng has been on the frontline in preaching the blockchain gospel. Known as ‘The Bitcoin Lady,’ she is the founder of Satoshicentre, a blockchain hub which works with several developers to use blockchain to solve Africa’s biggest challenges.
In South Africa, Sonya Kuhnel has continued to be one of the most renowned leaders in the blockchain space. Kuhnel is the founder of Xago, an XRP cryptocurrency exchange and payment gateway that allows retailers to accept XRP payments. She is also the founder of The Blockchain Academy, an institution committed to up-skilling 10,000 software engineers on blockchain technology by 2022.
In Kenya, Roselyn Gicira leads blockchain innovation and adoption, serving as the chairperson of the Blockchain Association of Kenya. Gicira also leads the Kenya Women in Blockchain Chapter which seeks to ensure that more women get into the blockchain industry.
And in Nigeria, Doris Ojuedeire’s efforts to promote blockchain have gone beyond her home country, reaching out to women across the continent and bringing them into blockchain and cryptocurrencies. She shared her journey with me, one that has seen her rise to become one of Africa’s most influential blockchain voices.
Doris got into cryptocurrencies when she was studying accounting in university, eight years ago. At the time, crypto was a niche field that few in Africa were involved with — most of them men. This didn’t faze Doris, and she sought all the materials she could find to learn more about Bitcoin and other upcoming cryptocurrencies.
She started off by investing in crypto trading. As a novice, Doris lost a lot of money initially through online scams. However, she battled on, and in time she started making profits from crypto trading. The venture proved to be quite fruitful for her, giving her financial independence while still at the university.
It was when she graduated that she discovered there was much more to Bitcoin than just making profits. As she learned about blockchain technology, she realized that it had the potential to transform lives for millions of Africans, especially the continent’s women. It was then that she decided to embark on educating the masses about blockchain, a passion that still drives her today.
In Africa, Bitcoin had become synonymous with scams after several investors lost millions of dollars to Ponzi schemes. This was the first thing Doris set out to change, educating thousands of Nigerians about Bitcoin and the world of opportunities it opens up.
She realized that women were vastly underrepresented in Bitcoin and blockchain. She set out to change this, eventually leading to the birth of Blockchain African Ladies (BAL). BAL is a non-profit organization that educates African women on blockchain technology. The organization has grown rapidly and now has members in Kenya, Cameroon, Nigeria, South Africa, Ghana, Egypt, Cote d’Ivoire and many other countries.
BAL organizes meet-ups, workshops, mentorship programs and conferences for the women, geared towards sparking an interest in blockchain. Its biggest event is the Blocktech Women Conference, an event that attracts some of the foremost leaders in blockchain to inspire, educate and interact with the women. Unlike most blockchain events that have only a few female speakers, 80% of the speakers at Blocktech are women.
Doris has gone beyond education, though. She told me:
“While blockchain can help eradicate, or at least reduce, many of the challenges that African women go through, teaching them about it isn’t enough. The women need to be financially independent. This is the biggest weapon they can use to liberate themselves. When they no longer depend on anyone, they can then reach their full potential.”
Her desire to make African women financially stable led to the founding of Crypto Lioness, a platform she uses to educate women about crypto trading. Crypto Lioness allows the women to connect via WhatsApp, Telegram and other social media platforms to learn the do’s and don’ts of crypto trading, share tips, learn from experts and support each other.
Women in blockchain
Through Doris’ efforts, thousands of women in Africa have joined the blockchain industry. This is her greatest accomplishment, she tells me. She believes that this will be a catalyst for widespread adoption of the technology and cryptocurrencies across the continent.
However, she believes that there is much more to be done if women are to become fully involved in blockchain, a belief that Ciara Sun, the vice president of Huobi Global shares.
Sun joined the blockchain industry after working with global giants such as the Boston Consulting Group and Ernst & Young.
“Having seen how the current financial world was working, it was an easy move towards what I considered the future world of finance,” she tells me.
Women continue to face challenges that most men don’t, including having their decisions frequently questioned, she revealed. With blockchain being an intersection of finance and technology – two industries where women are underrepresented – it’s no surprise that women occupy very few positions of power and influence.
This has to change if blockchain is to achieve its full potential, she believes, stating:
“Crypto and blockchain is so heavily based on doing things differently, but when you have only one half of the population involved in up to 99 percent of the big decisions, you are limiting the potential to really change things and cause great disruption.
The crypto and blockchain space needs to be bold and brave enough to seek out the other perspectives that can come from women in the space.”
Author: by admin
Crypto Exchange UpBit Scores Full Deck of Licenses From Thai SEC
After a series of regulatory changes led the South Korean exchange UpBit to force out its foreign users from the platform, the company is setting up a new division in Thailand.
According to an announcement shared with Cointelegraph, UpBit has received approval from Thailand’s Securities and Exchange Commission to operate its digital asset exchange in the country.
The Thai SEC has approved the exchange for four provisional licenses that allow the company to operate under four categories namely cryptocurrency exchange, digital token exchange, cryptocurrency broker, and digital token broker.
UpBit claims that it is the first-ever digital asset business to have received all four licenses by the Thai SEC. This, they say, puts them above other Thailand-based exchange operators in terms of the number of licenses.
Explaining why these four separate licenses are important for the exchange, UpBit Thailand CEO Peeradej Tanruangporn said:
“In Thailand, there are separate licenses for exchange and brokerage businesses. An exchange license allows a business to do order matching. A brokerage license allows operators to take a customer’s order to another exchange for order matching.”
While the final audit by the SEC is still pending, UpBit says it is already working on offering Thai crypto enthusiasts “innovative digital asset-related services.”
Having acquired the licenses to operate the trade and exchange of both cryptocurrencies and tokens, UpBit Thailand is now eligible to offer the exchange of all possible combinations of fiat-crypto and crypto-crypto pairs to its users, Tanruangporn said.
UpBit is yet to finalize which currency and token pairs will be available on the exchange but said that “fiat to crypto will definitely be available from the very beginning.”
Tanruangporn also said the excahnge will be working closely with Thai regulators to formulate a tax scheme that is in the best interest of investors, service providers and innovators.