According to US MP Bill Foster, secure digital identity ‘is the future’.

Existing technology could be applied to uniquely authenticate people and reduce the risk of dishonesty and fraud.

Speaking Friday at the online launch event of the Chicago-based Global Digital Asset & Cryptocurrency Association, which focuses on regulatory clarity and industry security, US Congressman Bill Foster outlined the importance of a “secure digital identity”.

Foster said during his brief speech:

“You can have the strongest cryptographic guarantees of a blockchain or equivalent system, but they are useless if people participate fraudulently and anonymously”.

He cited commerce as an example, noting that some dishonest users could conduct illegal business using false names.

Foster graduated from Harvard and is a blockchain programmer himself, so he knows the potential of this technology well. Foster is also the co-chair of the Congressional Blockchain Caucus, a government group working on blockchain regulation. Foster said he started his university career several years before the average, at just 15 years of age, and then became a physicist and politician.

Foster mentioned the importance of having an anonymous public identity: the only exception to such anonymity would be if a court required users to disclose their personal information.

He also pointed out that “this will be a fundamental requirement, I believe, of digital contracts or almost all cases of use mentioned”. The transition begins by offering people a reliable way to uniquely and securely identify themselves, adding that the blockchain and the technological ecosystem already contain the necessary elements to implement such a project. Foster added:

“The missing point, the essential role of government, is that once in your life, when you collect your real ID card or passport or similar document, you must be uniquely authenticated as a legally traceable person. Then your identity must be deduplicated using biometric data to ensure that you do not obtain another passport, perhaps in another country, with another identity”.
This type of system, however, requires international collaboration:

“This solution requires a group of countries to join forces to create this ecosystem of identification that everyone can trust: this is the direction we need to go.

Such a project would subsequently lead to other potential cases of use.

Two Foster colleagues in the Blockchain Caucus, US parliamentarians David Schweikert and Darren Soto, recently proposed a new bill to make blockchain-based digital signatures legally binding.

But such a digital identity system also has drawbacks, such as increased government tracking of citizens and further restrictions on privacy, which is often strongly felt in the crypto world.

Block 21 Bitcoin Art Piece sprzedaje się za 131,250 $

Block 21, dzieło sztuki zawierające część oryginalnego kodu źródłowego Bitcoin, zostało sprzedane za 131,250 USD w Christie’s, co stanowi ponad siedmiokrotnie wyższą wartość niż szacowana. Obraz, którego pełny tytuł brzmi “ Blok 21 (42.36433 ° N, -71.26189 ° E)), należy do kolekcji 40 z serii Portrait of a Mind artysty Roberta Alice i został zlicytowany wraz z niezamiennym żetonem (NFT) w środę wieczorem.

Portret umysłu honoruje Bitcoin

Portret umysłu to hołd złożony Bitcoin Superstar przez Alicję , z 12,3 milionami cyfr, z których składa się kod uruchomienia, ręcznie malowany na nich 24-karatowym złotem. 40 obrazów ma ponad 50 metrów długości, a każdy z nich oznacza fizyczną lokalizację, o której Alice mówi, że jest ważna dla historii Bitcoin. Każdy obraz reprezentuje blok, z blokiem 21 wybranym przez Alicję jako element wystawiony na aukcję wraz z jego NFT.

Położenie geograficzne określone przez dzieło Alice to budynek Brandeis Theatre Company w obrębie kompleksu Brandeis University. Sam teatr nie wydaje się mieć związku z Bitcoinem, chyba że weźmie się pod uwagę fakt, że akronimem Brandeis Theatre Company jest BTC.

Block 21 ustanawia rekord świata NFT

Block 21 to pierwsza taka aukcja Christie’s w swojej 253-letniej historii, a sprzedaż ta stanowi rekord świata dla NFT. Dom aukcyjny wykazał zainteresowanie technologią blockchain w sztuce od czasu zorganizowania dyskusji panelowej “ Art + Tech Summit – Exploring Blockchain ” w 2018 r., A wystawiając na aukcji prace Alice, wyraźnie zaspokoił ich zainteresowanie.

John McAfee arrested in Spain on charges of tax evasion in the United States

John McAfee was arrested in Spain on US charges of tax evasion and failure to report his income.

The SEC also filed a lawsuit against him for recommending multiple ICOs without notifying investors that he was being paid for it.

Mr McAfee is now awaiting his extradition from Spain

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The law has finally caught up with outlaw John McAfee. The crypto and antivirus pioneer has been struck twice by the United States Department of Justice and the Securities and Exchange Commission (SEC) together.

McAfee was arrested in Spain for US tax evasion and failure to report his taxes, something he has bragged about on social media before. In addition, he is being sued by the SEC for recommending more than half a dozen ICOs (Initial Coin Offerings). McAfee is said to have made more than $ 23 million by touting these operations, without revealing to investors that he was being paid.

“Catch it if you can”

John McAfee has documented his choice of life on social media, leaving authorities to tie the data and pinch him for tax evasion related to the millions of dollars he has made promoting cryptocurrency without reporting any penny between 2014 and 2018. The US Department of Justice said:

McAfee is said to have evaded his tax liability by ordering his income to be paid into bank accounts and cryptocurrency exchange accounts on behalf of representatives. The indictment also alleges that McAfee attempted to evade the Bitcoin Superstar by concealing assets, including real estate, a vehicle and a yacht, on behalf of others.

– The United States is after me for tax evasion. Whatever ! I simply refused to pay. I have been open, honest and talkative about this for ten years. Wake up !

– John, that’s tax evasion.

– No. Tax fraud is a false declaration of income. I never did that. I just refuse to pay.

The response of the crypto community

McAfee, who has over a million Twitter followers, has adopted a runaway lifestyle for years. That said, he is also looking to get noticed and has already launched his own US presidential campaign as part of the Campaign of Libertarian . He has proven to be a source of entertainment in the crypto community for his extravagant claims, lavish lifestyle, and utter disregard for the law. Very true to his own style, he was even the originator of his own coin nicknamed Ghost. According to reports, however, his participation in the project was not successful.

John McAfee arrested for breaking all of humanity’s tax laws. The crypto community:

The trading on Coinbase is interrupted at the news of the arrest of John McAfee.

It looks like McAfee’s shenanigans have finally caught up with him, and he is now waiting to be extradited from Spain. He faces up to five years in prison for each count of tax evasion and up to one year for each count of failing to report his taxes.