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World Economic Forum Releases Very Pro-Cryptocurrency Report

The World Economic Forum has recently released a report that suggests cryptocurrencies have a very prosperous future. The report, titled “Crypto, What Is It Good For? An Overview of Cryptocurrency Use Cases,” is rabidly optimistic about the future role of cryptocurrencies in the world’s economic and financial systems.

Here are some various quotes from the report:

Over a decade ago, a white paper by Satoshi Nakamoto was distributed to a cryptography mailing list outlining a novel proposal for a “peer-to-peer electronic cash system” called bitcoin. This innovation spurred a new, global industry and asset class that has created hundreds of billions of dollars in value, and inspired a generation of entrepreneurs and innovators.

From the foreword

Another pro-crypto statement:

The World Economic Forum Global Future Council on Cryptocurrencies represents a broad cross-section of experts working to make cryptocurrencies useful across a wide range of use cases.

From the foreword

And one more:

Cryptocurrencies have reached a point of inevitability. We have dedicated our careers to advancing the adoption and use of cryptocurrencies because we believe they represent an enormous opportunity to grow the global digital economy and benefit consumers and businesses across the world.

From the foreword

When on reads the report, it becomes very clear that the World Economic Forum clearly believes that cryptocurrency will permeate all economic and financial transactions globally.

These specific cryptocurrencies each have a dedicated segment in the report: Bitcoin, Ethereum, Ripple, Tezos, Celo, Litecoin, Zcash, Filecoin, and Arweave. These second layer protocols also have their own segments in the report: Bancor, Lightning, Compound Protocol, Uniswap, Etherisc, and OMG Network.

This report is more evidence that the world is heading towards mass adoption of blockchain.

Got crypto?

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Bitcoin News

Vocal Platform Creates “Mystery of Bitcoin” Challenge

Creatd, Inc. (Nasdaq CM: CRTD), the parent company of Vocal, a technology platform for creators, continues to celebrate the one-year anniversary of its Challenges feature by launching two new creator contests for cash prizes. In addition to brand-sponsored Challenges, Challenges that are hosted internally by Vocal’s Curation team are an important way for the Company to give back to both its freemium and premium creator communities consistently throughout the year.

Commented Creatd CEO Jeremy Frommer, “Vocal is a creator-first platform and, while brand participation is a key component of a Challenge’s success, it is important that we additionally maintain a regular stream of Vocal-sponsored Challenges to advance the voice of creativity.”

“Part of how we do that is by offering an array of Challenges along multiple subscription tiers,” Frommer continued. “Vocal+ Challenges represent a significantly higher reward for participation while other Challenges offer less cash incentive but are still a great introductory opportunity for our freemium tier members. I am proud to announce that, as of today, we have a record number of six active Challenges currently open for participation.”

About “The Mystery of Bitcoin” Challenge:

“The Mystery of Bitcoin” Challenge is centered around the mysterious origins of cryptocurrency, and asks creators to submit a fictional origin story laying out “the who, the how, and the why” of Bitcoin‘s beginnings and the true identity of its mysterious inventor. Submissions to this Challenge will be accepted through February 16, 2021. To learn more, visit https://vocal.media/challenges/the-mystery-of-bitcoin.

(PRNewsfoto/Creatd, Inc.)
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Bitcoin News Blockchain News Cryptocurrency News

Bitcoin Association Offers Free University-Style Bitcoin Courses

Bitcoin Association, the Switzerland-based global industry organization that works to advance business with the Bitcoin SV blockchain, today announces the official launch of Bitcoin SV Academy – a dedicated online education platform for Bitcoin, offering academia-quality, university-style courses and learning materials.

Developed by Bitcoin Association, Bitcoin SV Academy has been created to make learning about Bitcoin – the way creator Satoshi Nakamoto designed it – accessible, accurate and understandable. Courses are available in their entirety online and offered in three distinct streams:

Bitcoin Theory – covers the design of Bitcoin as a system as prescribed by Satoshi Nakamoto.

­­Bitcoin Development – provides vanguard information for application developers building with Bitcoin, including tools and techniques for leveraging the unique features of the network.

Bitcoin Infrastructure – looks at the underlying architecture of both the Bitcoin network and ledger, including how the network is constructed and scales.

Within each stream, courses are offered at introductory, intermediate and advanced levels, following a progressive structure designed to build on the concepts and knowledge introduced in the preceding course. At the conclusion of each course, participants will undertake an online assessment to test their understanding of the material, with certification available to those who pass.

The first course to launch, the introductory module of the Bitcoin Theory stream, is now available for enrollment at www.bitcoinsv.academy. Introductory level courses will be offered free of charge for the foreseeable future, part of Bitcoin Association’s commitment to making Bitcoin education available to as wide of an audience as possible.

Speaking on today’s announcement, Bitcoin Association Founding President Jimmy Nguyen, commented:

‘Education is a cornerstone of the work we do at Bitcoin Association, as we help businesses and individuals alike understand the Bitcoin system envisioned by Satoshi Nakamoto, and how Bitcoin SV is the only project implementing that Satoshi Vision. Bitcoin SV Academy will be a key component of that work moving forward, providing a platform to deliver a robust curriculum tailored to all levels of ability and knowledge, as we educate the world about just what’s possible with the power of the original Bitcoin protocol.’

Also commenting, Steve Shadders, Technical Director of the Bitcoin SV Infrastructure Team, said:

“The most important piece of infrastructure that Bitcoin can have is access and availability of education – not only does it broaden the pool of talent available to work and build with Bitcoin, but it also helps to spread awareness of what Bitcoin as an entire technology system can do and is truly capable of. The launch of Bitcoin SV Academy is a huge step forward in making meaningful change in this area – and having taken the first course myself, I can confirm that there really is something for everybody to learn in there.”

About Bitcoin Association

Bitcoin Association is the Switzerland-based global industry organization that works to advance business on the Bitcoin SV blockchain. It brings together essential components of the Bitcoin SV ecosystem – enterprises, start-up ventures, developers, merchants, exchanges, service providers, blockchain transaction processors (miners), and others – working alongside them, as well as in a representative capacity, to drive further use of the Bitcoin SV blockchain and uptake of the BSV digital currency.

The Association works to build a regulation-friendly ecosystem that fosters lawful conduct while facilitating innovation using all aspects of Bitcoin technology. More than a cryptocurrency and blockchain, Bitcoin is also a network protocol; just like Internet protocol, it is the foundational rule set for an entire data network.  The Association supports use of the original Bitcoin protocol to operate the world’s single blockchain on Bitcoin SV.

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Bitcoin News

Happy Birthday Bitcoin!

Fun Facts For Bitcoin’s 12th Birthday

It was 12 years ago today, January 3, 2009, that the first cryptocurrency – Bitcoin – was “born,” the result of the very first block being mined by Satoshi Nakamoto.

Here is the price of Bitcoin on its birthday every year, going back to the beginning:
2009 $0
2010 $0.01
2011 $0.29
2012 $5
2013 $13
2014 $797
2015 $302
2016 $429
2017 $1,021
2018 $14,944
2019 $3,827
2020 $7,238
2021 $34,200

Next year Bitcoin enters its “terrible teens” attaining teenager status by reaching the ripe old age of 13. Will Bitcoin be acting up like a typical teenager?

Time will tell…

12 Facts For Bitcoin’s 12th Birthday

1. Bitcoin creator, Satoshi Nakamoto, is still a mystery figure.

2. The late Hal Finney, a software engineer and one of the first PGP coders, was the first person to receive a Bitcoin transaction.

3. Pizza was the first thing (good) purchased using 10,000 Bitcoin (worth more than $330 million today!).

4. May 22 is known as “Bitcoin Pizza Day.”

5. Bitcoin has been sent into outer space.

6. A bitcoin transfer is irreversible.

7. The domain name “Bitcoin.org” was registered on August 8, 2008.

8. A man named James Howells threw away a hard drive containing 7,500 bitcoins, now worth more than $247 million dollars.

9. Roughly 10% of Bitcoin’s supply has been untouched for over a decade. 

10. The first Bitcoin faucet was created by Gavin Andresen in June of 2010, and visitors to that faucet were given 5 full Bitcoins each (worth more than $165,000 today).

11. The gold bug Peter Schiff predicts that Bitcoin will never top $50,000.

12. We think he’s wrong.