$84,441.00
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0.01%$0.181501
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0.31%$22.94
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0.08%$1.16
0.13%$10.41
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0.00%$2.84
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0.22%$1,982.18
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-17.22%Reading
Edward Snowden has weighed in on the subject of Bitcoin, calling the cryptocurrency, "the most significant monetary advance since the creation of coinage."
The whistleblower turned international fugitive described his opinion as "unpopular but true" in a post on Twitter. Referencing a quote by Bitcoin's pseudonymous creator Satoshi Nakamoto, Snowden added, "If you don't believe me or don't get it, I don't have time to try to convince you, sorry."
Snowden is a long-term user of Bitcoin. He's previously explained that in 2013, he pseudonymously used BTC to pay for the servers used to host the materials he leaked to journalists.
Whistleblower turned international fugitive Edward Snowden today backed and endorsed the legal defense fund for the Tornado Cash founder. In a Tuesday post on Twitter, the exiled former CIA contractor asked followers to pitch in to help Roman Storm, co-founder of the once popular but fatally sanctioned cryptocurrency mixing service. Yesterday, Storm said on Twitter that he would launch a campaign—in the form of a decentralized autonomous organization (DAO)—to raise money for a lawyer. Last year...
In 2013, Snowden was charged with espionage by the U.S. government after leaking documents about the NSA's surveillance program to the press. Before he could be arrested, he fled to Russia, seeking asylum. He lives there now in exile.
Last year, in a virtual appearance at the Bitcoin Amsterdam conference, he argued that Bitcoin should be considered in terms of its use as a tool to reshape the world of finance, rather than focusing on its value. "We are all part of a much bigger game, and Bitcoin is one of our strongest levers in that," he said. "The systems that we are influencing, that we are exerting leverage on, payments and finance, will shape what the world of tomorrow looks like."
In an extensive talk with Decrypt's Dan Roberts at Camp Decrypt in Napa CA in October, Edward Snowden gave his candid views on the Ethereum merge, the sanctioning of Ethereum mixer Tornado Cash by the U.S. government, the privacy shortcomings of Bitcoin and Ethereum, and his view on using DAOs to source tips from whistleblowers.
Snowden has also criticized central bank digital currencies (CBDCs), calling them "cryptofascist" currencies that "deny you the basic ownership of your money." But CBDC opposition has made for strange bedfellows. He's joined by former president Donald Trump, House Majority Whip Tom Emmer, and Florida Gov. Ron DeSantis.
Going hand-in-hand with his distaste for CBDCs, Snowden has also supported crypto privacy projects. In fact, he had a hand in the creation of privacy coin Zcash. And earlier this year he endorsed the legal defense fund of Tornado Cash co-founder Roman Storm, who faces money laundering charges relating to the sanctioned coin mixing service.
Edited by Stacy Elliott.
A high-ranking official in Brazilian President Luiz Inácio Lula da Silva's administration declared Tuesday that a potential strategic Bitcoin reserve would be "determinant for our prosperity" and "in the (country’s) public interest." Pedro Giocondo Guerra, chief of staff to Vice President Geraldo Alckmin, made the remarks while officially representing the federal government at a congressional ceremony. Debating the establishment of a sovereign bitcoin reserve rigorously is a matter of public int...
A poorly rendered fake video of Donald Trump revealing the Bitcoin whitepaper in the Oval Office, replacing the Declaration of Independence with Satoshi Nakamoto’s manifesto, has gone viral across social media platforms this week. In the doctored clip, Trump theatrically pulls back drapes to unveil a framed copy of Bitcoin: A Peer-to-Peer Electronic Cash System as Fox News host Laura Ingraham looks on. “You think Joe Biden would do this? I don’t think so,” Trump says, grinning. “...Do you think...
As Bitcoin mining grows more competitive and challenging, industry leaders are looking to cash in on AI data centers—but it’s no easy feat. At the Mining Disrupt conference in Fort Lauderdale, Florida this week, leading miners said navigating the shift to AI requires skill and care. “In the long-term, [AI] is a big trend,” Paul Li, CEO of mining technology provider Fog Hashing, said during a talk. “We cannot miss that. You [miners] need to go far this year, as the demand for compute power AI c...
