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Author: harlin05
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US ‘Cryptocurrency’ Market Set to Break Records in 2023
The bear market in 2022 has completely dampened the appetite of cryptocurrency investors, and the seemingly endless bull market in 2021 has completely changed after the successive bankruptcies of important companies in the “cryptocurrency” field such as Terra or FTX. This shift reminds investors of the dangers, yet key markets such as the U.S. are on the verge of hitting new all-time highs.
Anticipated Growth
According to Statista and Measure Protocol, the country’s cryptocurrency revenue is expected to double year-on-year to reach nearly $18 billion by 2023. The data suggest that many institutional investors in the U.S. have yet to revive their interest in cryptocurrencies after last year’s bear market.
Perceptions of Risk
A significant 324% of U.S. investors believe that cryptocurrencies are riskier than investing in traditional stock markets, while about 35% consider them equally risky. The statistics also showed that 375% of respondents believed that the stock market could be more profitable, while 27% believed that cryptocurrencies were a more profitable option.
The U.S. Market’s Position
Despite the lack of optimism, the U.S. remains the third-fastest-growing cryptocurrency market in the world, after the U.K. and Japan. Last year, the U.S. cryptocurrency market generated $8.63 billion in revenue, according to Statista.
Rising Number of Users
Likewise, the number of “cryptocurrency†users in the U.S. is set to increase significantly, with Statista predicting that 743 million U.S. citizens will use or invest in cryptocurrencies by 2023, up from 511 million a year ago. In addition, this number will continue to grow and will reach 100 million in 2027.
Preferences in Cryptocurrency Holdings
On the other hand, these figures show that Bitcoin (BTC) remains the favorite investment for cryptocurrency holders. As a result, 83% of people will hold some BTC in their digital portfolio, up from 76% last year, and holding Ethereum (ETH) compared to 2022, they will rebound 6% to 48%.
By 2023, Litecoin (LTC) will be the third most popular cryptocurrency with 24% ownership, almost double last year; Dogecoin (DOGE), which is closely related to Elon Musk, will rank 4th with 19% ownership despite losing 10% user velocity between years.
This detailed examination of the U.S. market sheds light on the complex and evolving attitudes towards cryptocurrencies, offering insights into both current skepticism and potential future growth. The mixed perspectives and rapidly changing landscape ensure that the cryptocurrency market will remain an intriguing area of focus for investors and analysts alike in the coming years.
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US Senator Upholds Bitcoin Surveillance Law
“Monitoring Digital Currencies: A Legislative Initiative to Scrutinize Bitcoin’s Adoption as Legal Tender”
Introduction
Two U.S. senators, in a renewed effort to monitor the cryptocurrency landscape, have reintroduced a bill requiring reporting on the adoption of the Bitcoin cryptocurrency. This notable move comes as a reaction to the decision by El Salvador to adopt Bitcoin as legal tender in 2021. Initially, this initiative had been proposed in February 2022.
Senators Behind the Initiative
Senators Jim Risch and Bob Menéndez, both influential members of the Senate Foreign Relations Committee, have reintroduced the El Salvador Cryptocurrency Accountability Act (ACES). This is not just a standard legislative move; it represents a significant step towards bringing transparency to the use of cryptocurrencies. The law seeks to have the State Department, in collaboration with federal agencies and other organizations in the country, submit detailed reports on the use of Bitcoin in El Salvador.
Concerns Raised by the Senators
“Using cryptocurrencies as legal tender could weaken economic and financial stability and empower nefarious actors,†Risch passionately declared during a recent interview.
He continued, “Given the United States’ vested interest in Central America’s prosperity and transparency, it is imperative that we gain a clearer, more comprehensive understanding of how the adoption of Bitcoin as legal tender will affect various aspects of life in the region. This includes its potential impact on financial and economic stability and El Salvador’s ability to effectively combat money laundering and illicit finance. With these concerns in mind, I am proud to reintroduce the ACES Act to achieve this significant goal.â€
Implications of the ACES Act
A recently published report provides an insight into what the ACES bill entails. If approved, it will mandate the creation of a State Department report that includes a thorough analysis of the adoption of Bitcoin as legal tender in El Salvador. The study would examine the risks associated with this bold move, focusing on potential threats to El Salvador’s cybersecurity, economic stability, and democratic governance. It is expected that the findings of this report would influence future decisions concerning cryptocurrency regulations both in the U.S. and potentially in other countries as well.
Conclusion
The reintroduction of the ACES Act represents a significant development in the evolving landscape of cryptocurrency regulation. It reflects the growing concern among U.S. legislators about the broader implications of cryptocurrencies on global financial stability and governance. As Bitcoin continues to gain traction worldwide, the actions of the U.S. Senate Foreign Relations Committee may set a precedent for other nations to follow. Only time will tell how this legislation will shape the future of digital currency, but its introduction serves as a compelling reminder of the need for transparency, oversight, and responsible management of this groundbreaking technology.
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Why America Is Growing Hostile To Cryptocurrencies
Does the US want to kill cryptocurrencies?
Perhaps.
Three years ago, most of the companies in the industry that Andrew Durgee’s firm invested in were based in the U.S.
He estimates just one in 10 are in the U.S. this year, reflecting what his firm sees as the country’s growing hostility to digital assets such as cryptocurrencies and tokens.
“The government is really targeting the industry. Regulatory uncertainty makes investing in the U.S. riskier,”
said Durgee, managing director of technology firm Republic’s cryptocurrency division. Other damage comes from the collapse of several high-profile cryptocurrency companies, which includes FTX, which is operated by the company. – Sam Bankman-Fried, known as the “King of Cryptocurrencies,” is accused by prosecutors of carrying out “one of the largest financial frauds” in U.S. history.
Shocked by the turmoil, U.S. regulators have stepped up oversight of the industry, with authorities saying they have been warning the industry since at least 2017 that its activities violated U.S. financial rules designed to protect investors.
The campaign has brought a steady stream of allegations against cryptocurrency companies and executives for violations, including failing to properly register with authorities and properly disclose their activities, as well as in some cases more damaging allegations such as improper handling consumer funds and fraud.
Bitcoin represents much of the value in an industry in which thousands of currencies circulate and is considered a commodity like gold by U.S. officials.
That means it’s largely untouched by the current regulatory debate that hinges on the legal question of what constitutes an investment, such as a stock or bond, regulated by the U.S. Securities and Exchange Commission (lSEC) as a “security.” its English abbreviation)
Instead, the focus has been on companies issuing tokens, or coins, to raise capital, and increasingly on exchanges that buy and sell such digital assets, which typically hold customer funds, execute trades, and engage with traditional financial institutions. unrelated other activities
The crackdown culminated in legal action this month against two of the largest platforms, Coinbase and Binance.
Binance is the billionaire Changpeng Zhao who founded the world’s largest cryptocurrency platform accused of creating a “deception network” in the US
SEC Chairman Gary Gensler defended the measures by comparing the state of the industry to the state of the industry in the 1920s in the United States before many of the rules discussed today were created: “Charlatans, charlatans, fraud artists, Ponzi schemes, the public lining up in bankruptcy court.â€
Market sentiment has deteriorated significantly since 2021, when the industry was worth more than $3 trillion by some estimates and appears poised to grow further, said Will Paige, research analyst at Insider Intelligence.
“He’s back on the fringes of finance,” he said. “Confidence in the system has been damaged, and it’s bound to get worse.”
Bank of America Restricts Trading with Binance, Forces It to Stop Accepting USD, Customers Withdraw Billions After Lawsuit
Financial trading app Robinhood said it would stop listing some of the assets named in the lawsuit, citing “uncertainty” about the tokens.
Critics accuse Gensler’s SEC of hostile “coercive regulation” aimed at boosting its own political image.
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Google’s Sundar Pichai warns of AI’s impact on society
Google CEO Sundar Pichai highlighted how rapid advances in artificial intelligence (AI) will affect all products at all companies in an interview that aired on CBS on Sunday. Radiologists will have AI assistants to help them prioritize important cases.
Concerns About AI Consequences
Pichai also highlighted concerns about the consequences of artificial intelligence, especially when it comes to misinformation and fake news, warning that the scale of the problem will be larger and potentially harmful.
Google’s Involvement in AI Development
Google has also recently gotten involved in AI development, launching an experimental Bard chatbot. Microsoft’s announcement to incorporate OpenAI’s GPT technology into its Bing search engine was also mentioned.
Public and Academic Concerns
However, the rapid progress of AI has raised public and academic concerns, and scholars such as Elon Musk and Steve Wozniak have called for a moratorium on experiments involving large-scale language models more powerful than GPT-4, which has sparked debate in the industry.
Importance of Societal Preparedness
The interview highlighted the importance of society preparing for the impact of AI. Google made a proposal to regulate AI, but Pichai emphasized that this must be a collaboration of social scientists, ethicists, philosophers, etc. to ensure that regulation and legal compliance align with Human Values and Ethics.
Society’s Readiness for AI Technology
Pichai acknowledged that society may not be fully ready for AI technology because the pace of adaptation to the technology is outpacing the capacity of societal institutions. He also pointed out that the workings of the human mind are still not fully understood.
Conclusion
In conclusion, Sundar Pichai’s interview underscores the importance of a responsible and collaborative approach to the development and regulation of AI, taking into account its impact on society and commercial products.
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Deadline to Apply for Asylum
If you are seeking asylum in the United States, it is crucial to adhere to specific deadlines and understand the benefits you may receive as an asylum seeker. Below is important information presented in a formatted manner:
Deadline to Apply for Asylum: Individuals must file Form I-589 with USCIS to apply for asylum within one year of their most recent arrival in the United States. However, applicants can demonstrate that the delay was exceptional due to exceptional circumstances or changes that materially affected their eligibility for admission. Special circumstances within one year include:
- Aggression or acts of extreme cruelty towards you, your child, parent, or mother.
- Serious illness of your spouse, child’s father, or mother.
- Death of your spouse, child’s father, or mother.
For a complete list of special cases, you can check them out here.
Decision Outcomes by USCIS: After applying for asylum, USCIS will make one of the following decisions:
- Grant of Asylum: If USCIS determines the applicant is eligible, they will receive a letter and a Form I-94. Asylum may also be granted to spouses and children under 21 years old who are included in the application and have a benefit-eligible relationship.
- Referral to Immigration Court: If USCIS does not approve the asylum application and the applicant is in the U.S. illegally, the case will be referred to immigration court. This is not a denial but an additional evaluation. The referral includes spouses and children under 21 who are part of the asylum application.
- Notification of Intent to Deny (NOID): If an applicant is found ineligible for asylum, they will receive a NOID explaining the reasons for refusal. The applicant has up to 16 days to respond in writing, providing arguments in favor of granting asylum or submitting new supporting evidence.
- Final Denial: If the applicant fails to respond to the NOID within the given period or submits additional information that is also denied, they will receive the NOID and a final denial letter. Denial applies to any dependents included in the application.
If the initial application is refused, the applicant can reapply for asylum, but they must show that the circumstances affecting their eligibility have changed.
Benefits Received as an Asylum Seeker: Asylum seekers are protected against deportation to their country of origin and can receive the following benefits:
- Apply for an Employment Authorization Document (EAD).
- Apply for a social security card.
- Apply for a permit to travel abroad.
- Sponsor certain family members for refugee or asylum status, regardless of whether they are outside the United States.
- Access to government programs such as Refugee Medical Assistance (RMA) and Refugee Cash Assistance (RCA).
After one year, the asylum seeker can apply for lawful permanent resident status. Once granted, the asylum seeker must wait four years before applying for citizenship. Additionally, eligible spouses and children included in the asylum application may remain in the United States to work and seek lawful permanent residence.
Cancellation of Asylum Status: Asylum status granted by the United States does not expire, but USCIS may revoke it under certain circumstances, such as no longer having a fear of persecution due to significant changes, obtaining protection from another country, fraudulent asylum acquisition, or committing certain crimes that make you ineligible for asylum.
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How to Apply for Asylum in the United States: Step-by-Step Guide
How to Apply for Asylum in the United States: Step-by-Step Guide
The United States provides protection to thousands of individuals each year who are facing persecution or have a well-founded fear of persecution due to their race, religion, national origin, or membership in a social or political group.
If you are in a similar situation and wish to apply for asylum in the United States, here’s a step-by-step explanation of the process:
Step 1: Understand the Difference Between Asylum and Refuge
To be eligible for asylum or refugee status, you must meet the criteria of a refugee as defined by the Immigration and Nationality Act (INA).
The INA considers a refugee as any “person who is persecuted or has a well-founded fear of persecution because of race, religion, nationality, or membership in a particular social group or political opinion, and who is unable or unwilling to return to [the country of origin] and take advantage of the protections of that country.”
However, it’s essential to note that the application process differs for refugees and asylees:
- Refugee Status: If you are seeking refugee status, you must apply from outside the United States.
- Asylum Status: If you are seeking asylum status, you can apply from within the United States or at a port of entry (such as a transit point, airport, or seaport) upon arrival.
Step 2: Understand the Difference Between Affirmative and Defensive Asylum
There are two types of asylum applications: affirmative asylum and defensive asylum.
- Affirmative Asylum: This procedure applies to those who request asylum and are not facing any deportation proceedings. The steps for affirmative asylum are as follows:
- File an asylum application using Form I-589.
- Undergo fingerprint collection and a background check.
- Receive a notice for an asylum interview.
- Applicants must attend the interview along with their spouse or children who are also seeking asylum benefits. If they are unable to speak English, they must bring an interpreter.
- An asylum officer will assess your eligibility, and a monitoring officer will review the decision.
- In most cases, approximately two weeks after the interview, applicants must return to the Asylum Office to receive a decision on their application.
- Defensive Asylum: If U.S. Citizenship and Immigration Services (USCIS) does not grant affirmative asylum, applicants will enter deportation proceedings.
- During this process, they can file a new asylum application through the defensive asylum process. They will have to appear before an immigration judge for this process.
Step 3: Timeframe for Asylum Decision
According to the USCIS, except for special circumstances, they aim to make a decision on the asylum application within 180 days from the date of filing the application.
Remember, the asylum application process is complex, and seeking legal counsel or assistance from immigration organizations can be helpful throughout the process.
Please note that the statistics provided in the original text are from the 2019 annual report and may not be up to date.
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Unlock WiFi Password
Wi-Fi networks are an essential part of the modern Internet infrastructure. They enable wireless internet connectivity for a wide range of devices, from laptops to mobile phones to smart TVs. However, the convenience that Wi-Fi networks offer can also be a security threat if not managed properly.
The first step in keeping a Wi-Fi network secure is to establish a strong password. The password must be unique and must not be something easily guessable, such as “123456” or “password”. It must be a combination of letters (upper and lower case), numbers and special characters. This makes it difficult for attackers trying to guess the password by brute force, that is, by trying all possible combinations.
It is also important to make sure that the Wi-Fi network is using a strong security type. As of today, the most secure standard is WPA3. The older versions, WPA and WPA2, are also secure if configured correctly, but networks still using WEP are vulnerable and need to be upgraded.
Network administrators must be able to change or recover Wi-Fi passwords in case they are lost or forgotten. This is usually done through the router’s management interface, which can be accessed by entering the router’s IP address into a web browser. From there, the exact process will vary depending on the router’s make and model, but will typically involve navigating to the Wi-Fi settings section and changing your password.
Another good security practice is to change your Wi-Fi password regularly. This can prevent unauthorized access if the old password has been compromised. Some routers even offer the option to schedule automatic password changes.
Last but not least, you must ensure that the firmware of the router is always up to date. Router manufacturers regularly release firmware updates to fix security vulnerabilities and improve functionality. Keeping your router up to date is one of the most effective ways to protect a Wi-Fi network against attacks.
In conclusion, keeping a Wi-Fi network secure requires a combination of best practices, including using strong passwords, using the strongest security protocols available, regularly updating passwords, and maintaining router firmware. Although no security measures can offer complete protection, these practices can make a Wi-Fi network much more difficult to attack.
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Forklift and Moving Assistant
Are you looking for a job that challenges your skills and allows you to experience tangible satisfaction every day? Moving Assistant, do not look any further! Today, I invite you to consider two professions that are setting trends in the American job market: forklift operators and movers. Yes, they may not be the first professions that come to your mind, but here I will explain why they might be perfect for you.
Forklift Operators: Giant Machines, Big Responsibilities
The first profession is that of a forklift operator. These professionals are true masters of heavy load handling, experts in precise navigation in warehouses and distribution centers. Although it may seem like a simple job, it is one of great skill and dexterity, where every move counts.
The forklift operator is essential to keeping the economy moving as they facilitate the constant flow of goods from ports to store shelves. And while training and certification are required, companies often provide these tools, meaning you don’t need prior experience to get started in this exciting field. Are you drawn to a job that keeps you active and challenges you on a daily basis? This could be the job for you.
Moving Helpers: A Different Challenge Every Day
On the other hand, if you prefer a job that allows you to be constantly on the move, getting to know different places and people, the profession of moving assistant could be perfect for you. This is a job that requires not only physical strength, but also organizational skills and excellent attention to detail.
As a mover, your goal will be to ease the transition of people to their new homes, a noble task that leaves your clients grateful and satisfied. No two moves are the same, so every day a new challenge awaits you. This is a job that allows you to make a difference in people’s lives, helping them through one of the most stressful times of their lives.
Both forklift operators and movers play a vital role in our society. These professions offer a good salary, job stability and the possibility of developing a wide range of skills. In short, they are jobs that will keep you in constant personal and professional growth.
It doesn’t matter if you’re looking for a long-term career or just a job that allows you to gain new skills and experiences. The careers of forklift operator and mover offer you a path full of opportunities. Are you ready to accept the challenge? Do it! It will be an exciting journey, I assure you.
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