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Mark Cuban thinks Wall Street stands no chance against digital natives

The entrepreneur says that old-school investors are getting their “ass kicked” by the “Store of Value Generation.”

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Entrepreneur and Dallas Mavericks owner Mark Cuban has weighed in on the recent clash between Wall Street and the r/Wallstreetbets Reddit community.

In a Jan. 31 blog post, Cuban suggested that the old-school investment community is currently taking a kicking from what he describes as the “Store of Value Generation.”

These millennials have developed a greater understanding of the value of digital assets, having been brought up in a world where music was more often shared as a digital file than a physical object.

Blockchain technology, nonfungible tokens and smart contracts now allow any asset which can be represented digitally to act as a store of value, with provable scarcity and without many of the downsides of physical collectibles:

“This generation knows that a smart contract and the digital good it reflects or a CryptoAsset are a better investment than old school see, touch or feel uses.”

Cuban goes on to point out that a stock is just another digital store of value, and that the new generation has simply found and taken advantage of the inefficiencies in the legacy stock market system.

They have realized that by working together they minimize Wall Street’s power, and exposed the hypocrisy of hedge funds and brokerages putting out buy notes to millions of clients while crying foul when a subreddit does the same thing:

“Fat and happy Wall Street has become slow, stale and set in their ways, which makes them an easier than anyone would expect target.”

This year, Cuban has come out as a bigger crypto follower than he has previously let on, even recently minting some limited edition NFTs on Rarible.

Source: https://cointelegraph.com/news/mark-cuban-thinks-wall-street-stands-no-chance-against-digital-natives

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Trudeau’s Half-brother Is An Anti-vaxxer, Bitcoin Entrepreneur & Affectionate Critic of the Prime Minister

Kyle Kemper believes a “global corporatocracy” has taken advantage of the COVID crisis to diminish democracy and tighten control over people’s lives. He is not alone in holding such views. But he is alone in wanting to overturn a power structure in which his brother sits at the apex. Kemper is Justin Trudeau’s half-brother, born … Continued

The post Trudeau’s Half-brother Is An Anti-vaxxer, Bitcoin Entrepreneur & Affectionate Critic of the Prime Minister appeared first on CryptoCanucks.

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Kyle Kemper believes a “global corporatocracy” has taken advantage of the COVID crisis to diminish democracy and tighten control over people’s lives.

He is not alone in holding such views. But he is alone in wanting to overturn a power structure in which his brother sits at the apex. Kemper is Justin Trudeau’s half-brother, born to Margaret Trudeau and her second husband, Fried Kemper, in 1984, when the future prime minister was 12.

 

Kemper agrees with Carolina Panthers offensive tackle and fellow Bitcoin believer, Russell Okung: “The real battle is not simply left or right. It is authoritarianism versus libertarianism.”

The author of the book The Unified Wallet and founder of Swiss Key, a company that aims to make cryptocurrency accessible, makes no secret of his belief that there is a totalitarian push by corporations to undermine nation-states.

In a long online video summary of his world view – Kemper sees humanity at a tipping point where people will take control of their physical and digital lives or succumb to a “top-down dystopic system of total control, in a society where our every move is tracked; where our ability to travel is a privilege not a right; and, where our data is used and sold without our knowledge and then weaponized against us to influence our behaviour, our beliefs and our purchasing decisions.”

Kemper has been a devotee of cryptocurrency since 2013. Digital money’s time may soon arrive – the Chinese are running a pilot project on a digital version of the yuan and even the staid Bank of Canada is considering its options.

But the people who were initially attracted to Bitcoin were typically hostile to central banks and political systems. In the online Declaration of Bitcoin’s Independence, tech entrepreneur Andreas Antonopoulos said Bitcoin is “inherently anti-establishment, anti-system, anti-state. Bitcoin undermines governments and disrupts institutions because Bitcoin is fundamentally humanitarian.”

In an online lecture, Antonopoulos said the Nixon-era Bank Secrecy Act turned money into a system of control, a political tool that allowed the state “complete surveillance of all financial transactions.” Bitcoin was seen as a solution to this state control.

As Kemper explained it, “it’s about self-sovereign control of your money, ID and digital assets. It means you are in control and no state, bad actor or centralized authority can confiscate, censor or imitate you.”

Cryptocurrency has its believers and its skeptics. Donald Trump’s former political strategist Steve Bannon said it was “disruptive populism” in action, taking control back from central authorities. Economist Paul Krugman deems it a “cult” based on “paranoid fantasies about government power.”

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What is clear is that to its adherents like Kemper, it is less a payments system than a philosophy.

While not overtly partisan, Kemper has not shied away from views that Trudeau would disown.

He has re-tweeted conspiracy theories about election fraud in the U.S. and promoted ideas that Trudeau’s Liberals found so reprehensible they called for a Conservative MP holding them to be kicked out of the Opposition caucus.

On social media, Kemper urged people to sign petition e2961, which was sponsored in the House of Commons by Conservative Derek Sloan. It calls COVID vaccination “human experimentation” and suggests there could be serious adverse effects to taking it. On his Facebook page, Kemper blasted “the great reset” and people “who think 100 percent of the planet needs to be vaccinated with an experimental concoction to prevent a disease with a 99 percent recovery rate. This is sheer madness. I dissent.”

In his online platform, Kemper said he is opposed to human rights being stripped in the name of protection. “I’m seeing sensible, intelligent people – my friends, my family, our elected representatives – willing to sacrifice their basic human rights in response to this COVID crisis. Now is not the time to sit on the sidelines as our way of life gets steamrolled,” he said.

In an interview, he said that after 9/11, people said they were sacrificing their rights for freedom. “But that’s pure Orwellian doublethink. It doesn’t make any sense that in order to be free we need to sacrifice our rights”.

Kemper said there remains a “gigantic divide” in the scientific community over the COVID response. “Vaccine manufacturers are exempt from liability. That scares me. There are so many ways we can improve our immune systems to counter coronavirus. The sun gives us vitamin D and it’s great for the immune system. But Justin and the public health officials don’t tell people to get outside and get vitamin D,” he said.

Kemper said, “the global health dictatorship” has imposed a response that has ultimately made people less healthy, with rising levels of suicide and depression, as well as “obliterating” small businesses such as the seven restaurants his family runs in Ottawa.

“It does not warrant all this hype and mania and doesn’t necessitate an experimental vaccine being rushed to market,” he said.

Some of Kemper’s views hove close to QAnon, the discredited conspiracy theory that alleges Satan-worshipping pedophiles are running a child-trafficking ring and plotted against Donald Trump.

He denies he is involved with the organization. “QAnon is a banner under which people believe there is a conspiracy of corruption and multiple people working together to commit criminal activity. Am I active in the QAnon community? Absolutely not. Am I against sex-trafficking and pedophilia? Of course. Who isn’t?”

Kemper acknowledged his views are at odds with those held by his brother. “Do I talk to him about these things? No. I would love to speak to him and his people but it’s very clear there’s a firewall”.

He said he sees party politics as a “glory path, a power path, an ego path.”

“I love my brother – he has taught me so much. He taught me a lot about human connection and I have adopted some of his very skilled methods of communicating in a gentle manner. I think he thinks he’s doing the best he can. He is the leader and chief spokesman of his party and doing a great job about it. But at the end of the day, Theresa Tam, for example, is on the World Health Organization’s payroll, so who’s really calling the shots on health policy?”

For all their differences, the brothers may have more in common than either would care to admit. As someone who knows Trudeau and Kemper put it: “They both like attention.”


National Post

Source: National Post: John Ivison: Trudeau’s half-brother is an anti-vaxxer, bitcoin entrepreneur and (affectionate) critic of the PM

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Source: https://cryptocanucks.com/trudeaus-half-brother-is-an-anti-vaxxer-bitcoin-entrepreneur-affectionate-critic-of-the-prime-minister/

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VirgoCX to Hold a Crypto Holiday Fundraiser in Support of SickKids Foundation

VirgoCX, a Toronto-based fiat-to-crypto cryptocurrency trading platform, is supporting SickKids Foundation by exchanging cryptocurrency into cash donations. To further enhance this corporate initiative and fulfill its mission, VirgoCX is hosting an online crypto fundraiser to support SickKids Foundation. The fundraiser includes a virtual benefit concert on December 17, 2020, from 7 pm to 10 pm … Continued

The post VirgoCX to Hold a Crypto Holiday Fundraiser in Support of SickKids Foundation appeared first on CryptoCanucks.

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VirgoCX, a Toronto-based fiat-to-crypto cryptocurrency trading platform, is supporting SickKids Foundation by exchanging cryptocurrency into cash donations. To further enhance this corporate initiative and fulfill its mission, VirgoCX is hosting an online crypto fundraiser to support SickKids Foundation. The fundraiser includes a virtual benefit concert on December 17, 2020, from 7 pm to 10 pm EST, followed by a 7-day online charitable auction.

“2020 is full of sadness and stress. Many important and worthwhile things are yet to be done. As we are approaching the year-end, VirgoCX would like to take a moment to give back to the community, especially to those kids who represent the future of our nation. We hope this online charity event organized in support of SickKids Foundation can enlighten and empower the audience.” Said Adam Cai, CEO of VirgoCX, stressing the importance of supporting the community during hardship.

The rise of cryptocurrency brings an important fundraising opportunity and promise for non-profits. This made it essential for VirgoCX to connect with leading charities, like SickKids, to help reach prospective donors they may not be able to otherwise. VirgoCX is excited to offer a new way of making donations in support of child health.

“SickKids relies on community support and we are grateful for VirgoCX for their commitment to improving child health,” says Adam Starkman, Vice President, Corporate Partnerships, SickKids Foundation. ” We are a leading pediatric hospital treating patients from all over Ontario, across Canada and around the world. The support from VirgoCX in assisting us to reach donors of cryptocurrency will help ensure high-quality care for generations to come.”

The online fundraiser will commence from December 17 to 23, start with a virtual concert on December 17 from 7 pm to 10 pm EST via Zoom and Youtube Live. The concert brings together eight Canadian rising stars, including Martina Ortiz Luis, official anthem singer for the Toronto Maple Leafs; Jojo Worthington, award-winning producer/ multi-instrumentalist; critically acclaimed Canadian band Black Creek Reign; North American Country Music Association’s Songwriter of the Year Augusta Ray; Nomadic indie-folk musician Tennyson King; aspiring Torontonian artist Chiara Stella; Toronto based folk-roots singer-songwriter Alex Mason and singer/producer OSA, offering a broad spectrum of music to unite our community.

Besides performances from local musicians, the events offer a range of keynote speeches, an educational presentation from SickKids Foundation and networking sessions. Participating institutions include peers from the crypto community, professionals from various industries, SickKids Foundation, MP Han Dong, etc.

VirgoCX is committed to giving back to our communities. We invite all Canadians to join this special event with us. Sign up Here!


VirgoCX

About VirgoCX:

VirgoCX is the most trusted cryptocurrency trading platform in Canada, making cryptocurrencies available to Canadians everywhere. As VirgoCX is changing the way the world stores wealth, it operates diligently to provide quality services that adhere to global compliance requirements. VirgoCX is accelerating the adoption for Bitcoin, Ethereum, Litecoin, and other cryptocurrencies

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Disclaimer: CryptoCanucks.com is not intended to provide tax, legal or investment advice, and nothing on CryptoCanucks.com should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any asset by CryptoCanucks.com or any third party. You alone are solely responsible for determining whether any investment, asset or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should consult an attorney or tax professional regarding your specific legal or tax situation.

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Source: https://cryptocanucks.com/virgocx-to-hold-a-crypto-holiday-fundraiser-in-support-of-sickkids-foundation/

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The Internet Computer (ICP) Token Hits Top 10

The markets are moving fast these days. Fortunes are being made, and lost, in the blink of an eye.

The post The Internet Computer (ICP) Token Hits Top 10 appeared first on Bitcoin Market Journal.

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Just this morning we got reports that some lucky individual turned $17 into $5.9 million by investing in the Dogecoin-killer known as Shib. The memes intensify.

On the other hand, we have projects that are building real value and utility that are being completely passed over by investors.

It’s a very strange marketplace indeed where social sentiment is often valued over value itself, but here we are.

One project that seemed to find itself on the receiving end of investor adoration is The Internet Computer, or ICP.

Its newly launched token, called The ICP utility token, has seen what has to be the most successful debut in the short history of crypto, quickly climbing to be the fourth-largest cryptocurrency by market capitalization.

The thing is that for all the pundits in this space, nobody seems to be able to concisely explain why.

For my part, after researching it for most of the day, there are a number of contributing factors, but this was no fluke.

The hype

Though it would be easy to pass this off as “successful marketing,” and the team does seem to be good at that, there does seem to be something under the surface instilling confidence in investors of alternative assets.

Messari has put out a 12-page report on the new protocol, and even the Financial Times published an article calling it a rival to Amazon Web Services.

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Near as I can tell, ICP is supposed to be everything Ethereum is, but it works at the speed of the internet. In spite of this, the team has gone to great lengths to clarify that ICP is not an Ethereum killer. I’m not sure exactly how that works.

There’s no doubt that if they live up to even half the hype, the valuation that they have right now would be considered soft.

However, even though they’re extremely well-funded and well-staffed, becoming the primary base layer of Web 3.0 seems extremely ambitious. Similar to the way Cardano has skyrocketed lately without any real-world adoption, the same seems to be happening for ICP, only a lot quicker.

The reason for that is most likely due to the seamless multiplatform launch. It’s rare to see new projects listed so quickly by the top crypto exchanges.

Yet somehow, ICP managed to trade fluidly on Binance, Huobi, OKEx and even Coinbase Pro. Opening this type of access to global investors in such a short space of time does tend to have an outsized impact on the price.

We’ve seen plenty of times when even a single listing can cause a pump. A quadruple listing is pretty rare.

Even with all the above, seeing a brand-new coin anywhere in the top ranked cryptocurrencies is mind-boggling and only speaks to the desire investors have to find the next undervalued investment vehicle.

Inflation print

As you know, we’ve been watching inflation statistics very closely as of late.

With all the money that’s been printed lately, it’s the number one thing to watch for in all markets, including crypto. Even though the Consumer Price Index (CPI) data from the U.S. Bureau of Labor Statistics doesn’t really tell the whole story, it will be watched enthusiastically by investors and policymakers.

The latest figures, for the month of April, will be released at 8:30 A.M. tomorrow on Wall Street, most likely before the daily newsletter is sent.

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Source: https://www.bitcoinmarketjournal.com/the-internet-computer-icp-token-hits-top-10/

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