Precharge cryptocurrency
In , Dadiani Fine Art became the first gallery in the UK to accept payment in Bitcoin and other cryptocurrencies, with the hope that such an approach would make the art market accessible to a wider variety of customers. In October PayPal announced that it was entering the cryptocurrency market indicating that its customers will be able to buy and sell Bitcoin and other digital currencies using their PayPal accounts.
However, PayPal has one of the largest merchant networks in the world. Criminal use of cryptocurrencies As cryptocurrencies are pseudonymous — meaning that transactions and accounts are not easily connected to real-world identities — it means they are often used for illegal activities such as money laundering and tax evasion. Furthermore the lack of regulation of the multi-billion dollars crypto assets market has led to concerns that such digital currencies are favoured by criminal networks to conduct their business.
Cryptocurrencies are inherent to the Dark Web, a network of hidden websites from which prohibited goods and services can be purchased. In , the high-profile WannaCry ransomware cyber attack that affected people in over countries featured a demand for payment in Bitcoin, while Bitcoin was also the ransom of choice later in when hackers blackmailed the HBO network after a major cyber attack. It is widely acknowledged that the rise in cryptocurrencies has significantly contributed to this problem.
As a result, the Fifth Money Laundering Directive has focused on bringing changes to the cryptocurrency sector to bring it into line with the traditional financial and professional services sectors. This included a commitment to consult on a potential ban on the sale to retail consumers of derivatives that reference certain types of cryptoassets.
To find out even more about this project, check out our deep dive of Presearch. Presearch is a decentralized search engine with more than 3. It offers users three unique value propositions: Having control over their data and privacy Being paid for contributing value to the ecosystem A decentralization search ecosystem Presearch identified the problem of traditional search engines and turned it on its head.
Presearch does this by paying its users to utilize its search engine. It also achieves decentralization of its ecosystem thanks to the operation of its nodes by community members. Presearch has an incredibly detailed roadmap that splits its evolution into three main phases.
The first phase followed its launch in and was designed to establish a product-market fit. The second phase, which the company currently finds itself in, is dedicated to building a sustainable business model aimed at decentralizing search. The final phase will be dedicated to decentralizing governance through the establishment of a DAO. At the moment, Presearch is working on its mainnet launch and was listed by Google as a default search engine option on all new Android devices across the U.
Who Are the Founders of Presearch? Prior to founding Presearch in , they had founded Shopcity. What Makes Presearch Unique? Presearch offers several products with real-world utility. Its search tool allows users to search the internet in the same way they are used to with search engines like Google or DuckDuckGo.
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CONGRESS AND SEC RULING ON CRYPTO
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