Značka: edward snowden

Edward Snowden says he feels ‘itch to scale back in’ to $16.5K Bitcoin

Bitcoin (BTC) returned to $16,500 at the Nov. 14 Wall Street open as bulls tried and failed to break higher.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewSnowden hints BTC price echoes March 2020Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging below $17,000 on the day after a dismal weekly close.The largest cryptocurrency had failed to show convincing signs of recovery after losing more than 25% the week prior thanks to the debacle around exchange FTX.That debacle was ongoing at the time of writing, with revelations fanning out to include other firms with significant exposure to the defunct exchange.With little light at the end of the tunnel visible, BTC price action remained unsurprisingly weak.“Markets consolidating,” Michaël van de Poppe, founder and CEO of trading platform Eight, summarized. “Would assume we’d be at $10K actually, after the terrible news we’ve received past weeks.”Trader and analyst Rekt Capital, meanwhile, warned of support-resistance flips in the making thanks to the weekly close, Bitcoin’s lowest in two years.“These are BTC Monthly levels shown on the Weekly timeframe,” he tweeted alongside a chart of important focal levels. “From this chart, we can see that $BTC has performed a new Weekly Close below the Monthly level of ~$17300. Initial signs of this level flipping into new resistance this week.”BTC/USD annotated chart. Source: Rekt Capital/TwitterOther posts on the day warned of the potential for “additional downside wicking” on BTC/USD while noting that historically, prior bear markets were still worse in terms of the pair’s descent from cycle highs.An interesting counterpoint came from Edward Snowden. In a tweet of his own, he signaled that he would be a BTC buyer at current levels, a sentiment he last publicly posted after the March 2020 COVID-19 cross-market crash.“There’s still a lot of trouble ahead, but for the first time in a while I’m starting to feel the itch to scale back in,” he stated.A second tweet stressed that the previous one was “not financial advice.”The dollar gives a “perfect” route to BTC upsideStocks offered little respite to crypto bulls on the day, with the S&P 500 and Nasdaq Composite Index down 0.3% and 0.8%, respectively, during the first hour.Related: Elon Musk says BTC ‘will make it’ — 5 things to know in Bitcoin this weekThe U.S. dollar index (DXY) continued consolidation of its own while refusing to add to the prior weeks’ significant retracement.Popular trading account Game of Trades noted that the daily chart’s relative strength index (RSI) for the DXY had set a new record low for 2022.U.S. dollar index (DXY) annotated chart. Source: Game of Trades/Twitter“SPX is showing strength and DXY is crashing,” a hopeful Bloodgood, another well-known Twitter trader, wrote in part of a fresh update on the day.“Perfect situation to see some upside.”BTC/USD annotated chart. Source: Bloodgood/TwitterThe views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Pro-centralization Russian president grants citizenship to Edward Snowden: Report

Russian President Vladimir Putin reportedly granted citizenship to United States National Security Agency whistleblower Edward Snowden, who had been residing in the country since 2013.According to a Monday report from Reuters, Putin signed a decree effectively changing Snowden’s legal status in Russia from permanent resident to citizen. The NSA whistleblower has been in exile from the United States following his leak of thousands of classified documents to journalists but continued to speak on issues including national security in addition to cryptocurrencies and blockchain technology.While Putin has taken legislative action in Russia that seems to curtail the use of crypto — including banning the use of digital assets as payments in a July law — Snowden has frequently spoken on the benefits of cryptocurrencies like Bitcoin (BTC). The whistleblower and now Russian citizen revealed in 2019 that he used BTC to pay for the servers from which he released the infamous documents of the NSA leak, and said in April he played a pivotal role in creating the privacy token Zcash (ZEC).Related: Bitcoin got stronger despite government crackdowns, says Edward Snowden“I don’t care if you’re in the United States, I don’t care if you’re in Germany, and I don’t care if you’re in Russia, I don’t care if you’re in China — it is a global trend where we see government doing more,” said Snowden in DeData Salon fireside chat from Sept. 23. “They have greater capability because of technology acting as a magnifier of pre-existing power. It allows them to increase their leverage, right? They’re leveraging their influence to try to sort of act and compete not just within their own borders but globally and now we have those levers starting to press on each other and it’s causing sort of problems and conflicts all over the world.”This story is developing and will be updated.

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Edward Snowden says gamers could be vulnerable to exploitation using NFTs

National Security Agency whistleblower Edward Snowden said he was concerned with how some privileged individuals or firms in the digital space might be able to use nonfungible tokens, or NFTs, in the gaming industry.Speaking with Ethereum co-founder Gavin Wood at the BlockDown DeData online conference on Friday, Snowden said though he had seen some use cases for nonfungible tokens to raise funds for causes, he is concerned with the technology “creeping into gaming.” The whistleblower described certain aspects of the metaverse as “horrible, and heinous, and tragic” for aiming at capitalizing on users’ virtual escapes. “We have people that are trying to [inject] an artificial sense of scarcity into a post-scarcity domain,” said Snowden. “I think the community should very much be trying to bend the arc of development away from injecting artificial, unnecessary scarcity entirely for the benefit of some investor class.”Edward Snowden speaking at BlockDown DeDataWood seemed to disagree with Snowden’s claims regarding NFTs in gaming, equating virtual artifacts within games to artists selling NFTs of their own music. However, Snowden countered that gamers were “not paying for a guaranteed product” but rather purchasing the “chance at something, without the promise of something,” leaving the space open to exploitation. “I don’t have any issue with game developers restricting access to their product in the same way that they already have for decades before,” said Wood. “I see NFTs as a more agile way of restricting access to their product.” Snowden’s and Wood’s comments come as gaming firms seem to be casting a wider net for adoption of digital assets and NFTs. Andrew Wilson, CEO of major video game company Electronic Arts, said in November that NFTs and play-to-earn games are the future of the industry. There seems to be interest from users as well — on Wednesday, the NFT game Guild of Guardians announced it had sold more than $5 million of its native tokens in advance of its Q1 2022 launch.Related: Bitcoin got stronger despite government crackdowns, says Edward SnowdenSpeaking from Russia where he has been in exile since 2013, Snowden has continued to give interviews and express his opinions on Bitcoin (BTC) and the crypto space. The NSA whistleblower used BTC to pay for the servers he used to leak thousands of documents to journalists before leaving the United States.

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