China News Official TheBitTimes.com

During an episode of The Joe Rogan Experience, Altman expressed his excitement for Bitcoin and also said he was “super against” CBDCs. OpenAI CEO Sam Altman has called Bitcoin (BTC) a " super logical " step on the tech tree, which is both free of government control while helping to fight corruption. "I’m excited about Bitcoin,” Altman told Joe Rogan during an Oct. 6 episode of  The Joe Rogan Experience podcast. “I think this idea that we have a global currency that is outside of the control of any government is a super logical and important step on the tech tree." The OpenAI boss' wide-ranging interview with Rogan covered his thoughts on Bitcoin as a world reserve currency and his concerns about central bank digital currencies (CBDCs). Altman, who also serves as founder of Worldcoin, said the shift to a “techno logical ly enabled world,” including Bitcoin, could help reduce corruption. Creator of ChatGPT, Sam Altman says, “#Bitcoin is a super logical and im...

The U.K. Parliament is currently reviewing the Online Safety Bill (OSB) as a means of internet regulation. If approved, the government would be authorized to mandate messaging companies to create backdoors and require detailed reports of users’ online activity. As the bill approaches approval in UK’s highest chamber, the House of Lords, there are concerns about its potential consequences for global privacy and encryption standards. The bill’s critics argue that this approach may have implications for private conversations and could raise concerns about surveillance vulnerabilities. You might also like: House of Lords conducts final review of financial services bill before returning to House of Commons Stakeholders like the Electronic Frontier Foundation (EFF) have expressed reservations about the OSB, raising potential challenges to online privacy and security. The EFF has emphasized the difficulty of maintaining end-to-end encryption while implementing...

The Central African Republic adopted Bitcoin and swiftly created its own token, Sango Coin. But where did Sango Coin come from, and why is it necessary? In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin (BTC) as a legal tender. As the second country globally to recognize Bitcoin in such a fashion, the CAR followed in El Salvador’s footsteps. El Salvador has since boasted surging tourism numbers, a resilient economy and a healthy amount of free PR since allowing its citizens to make everyday purchases with the seminal cryptocurrency. The CAR, a substantially less economically developed economy than its Central American counterpart, would hope to emulate El Salvador’s success. Despite the nation’s vast natural resource wealth, the CAR is plagued by economic mismanagement, meager private and foreign investment, and systemic governmental issues. It is one of the poorest countries on the poorest continent in the world, ranking right...

Fiji elects a pro-Bitcoin prime minister, signaling a positive future for Bitcoin adoption in the pacific island nation. A newly elected pro-Bitcoin Prime Minister has taken office in the Pacific Islands of Fiji. The new leader, Sitiveni Rabuka, took the Fijian office on Dec. 24.  Lord Fusitu’a, a Tongan noble and a former member of the Tongan parliament, took to Twitter to share the news from his neighboring nation. Fusitu’a stated that he had explained to Rabuka, step by step, "how Fiji can do Bitcoin legal tender like Tonga,” and there could be two “Legal Tender Bills for the Pacific in 2023.”  A new pro-# Bitcoin friendly Prime Minister in the South Pacific.️️ Fiji ‘s newly elected Prime Minister @slrabuka. Let’s go 2 for 2 - BTC Legal Tender Bills for the Pacific in 2023 — Lord Fusitu'a (@LordFusitua) December 29, 2022 Lord Fusitu’a explained to Cointelegraph in Twitter messages that “The new PM is definitely pro-Bitcoin.” “He asked to meet with me which we did via zoo...

This is the first time an EU Member State will use blockchain technology for bank and insurance guarantees, according to Algorand. Layer-1 blockchain platform Algorand has been chosen as the public blockchain to support an “innovative digital guarantees platform” to be used in Italy's banking and insurance markets. The Algorand- support ed platform is expected to be launched in early 2023. According to Algorand’s Dec. 13 announcement, this is the first time an EU Member State will use Blockchain Technology for bank and insurance guarantee s. A bank guarantee is when a lending institution promises to cover a loss if a borrower defaults on a loan. It's an alternative to providing a security bond or a deposit to a supplier or vendor. An insurance guarantee is similar but is offered by an insurance company rather than a bank.  Algorand said that blockchain technology was ideally suited for the "Digital Sureties" platform because of its fast, efficient, low-cost, and sc...