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How will blockchain and crypto improve the lives of LGBTQ+ people? Experts answer

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How will blockchain and crypto improve the lives of LGBTQ+ people? Experts answer
You must confirm the subscription in your inbox.”,”subscribe_email_required”:”Email required”,”subscribe_email_invalid”:”A valid email address must be provided. “,”shares”:”Total shares”,”views”:”Total views”,”sponsoredBadge”:”stretch_banners.sponsored.badge”}” :post=”{“id”:70951,”seo_title”:”How will blockchain and crypto improve the lives of LGBTQ+ people? Experts answer”,”seo_description”:”Experts who spoke to Cointelegraph expressed their views on the LGBTQ+ community and the effect that decentralized tech has on their lives”,”keywords”:”Blockchain,Charity,Technology,United States,United Nations,Cryptocurrencies,Unbanked,Adoption,Privacy,Decentralization,Health,Coronavirus”,”canonical”:”https://cointelegraph.com/explained/how-will-blockchain-and-crypto-improve-the-lives-of-lgbtq-people-experts-answer”,”thumb”:”https://images.cointelegraph.com/images/1024_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xYjAzNjA1OWI2NWEyYjU4ZDMxMWJmOTg5ZDYzNmI0OC5qcGc=.jpg”,”img”:”https://images.cointelegraph.com/images/2048_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8xYjAzNjA1OWI2NWEyYjU4ZDMxMWJmOTg5ZDYzNmI0OC5qcGc=.jpg”,”youtube”:””,”og_title”:”How will blockchain and crypto improve the lives of LGBTQ+ people? Experts answer”,”og_description”:”Here’s what crypto and blockchain experts think about the impact of blockchain technology on lesbian, gay, bisexual, transgender and intersex people.”,”twitter_title”:”How will blockchain and crypto improve the lives of LGBTQ+ people? Experts answer”,”twitter_description”:”Here’s what crypto and blockchain experts think about the impact of blockchain technology on lesbian, gay, bisexual, transgender and intersex people.”,”published”:”2021-08-14T15:15:00+01:00″,”noindex”:0,”modified”:”2021-08-13T15:57:29+01:00″,”title”:”How will blockchain and crypto improve the lives of LGBTQ+ people? Experts answer”,”leadtext”:”Here’s what crypto and blockchain experts think about the impact of blockchain technology on lesbian, gay, bisexual, transgender and intersex people.”,”amp”:”https://cointelegraph.com/explained/how-will-blockchain-and-crypto-improve-the-lives-of-lgbtq-people-experts-answer/amp”,”alternates”:[],”alternatesLinks”:[],”url”:”how-will-blockchain-and-crypto-improve-the-lives-of-lgbtq-people-experts-answer”,”url_full”:”/explained/how-will-blockchain-and-crypto-improve-the-lives-of-lgbtq-people-experts-answer”,”category”:{“id”:65,”url”:”explained”,”priority”:0,”created”:null,”modified”:null,”parent_id”:0,”is_hidden”:0,”created_at”:”-0001-11-30 00:00:00″,”updated_at”:”2019-03-12 14:52:37″,”deleted_at”:null,”admin_weight”:30,”enabled”:1,”is_blog”:0,”relevant”:0,”category_id”:65,”language_id”:1,”title”:”Explained”,”alt”:””,”keywords”:””,”seo_title”:”Explained: articles for beginners about cryptocurrency and blockchain.”,”description”:”

What is Bitcoin? How does blockchain work? How to mine cryptocurrency? We are glad to help you answer these questions with our quick guides in Explained section.n”,”seo_description”:”What is Bitcoin? How does blockchain work? How to mine cryptocurrency? We are glad to help you answer these questions with our quick guides in Explained section.”},”words_count”:2335,”description”:”Experts who spoke to Cointelegraph expressed their views on the LGBTQ+ community and the effect that decentralized tech has on their lives”,”author”:{“id”:607,”title”:”Max Yakubowski”,”url”:”max-yakubowski”,”twitter”:”https://twitter.com/maximyakub”,”google_plus”:””,”photo”:”https://s3.cointelegraph.com/storage/uploads/view/dbe307c69b6f65069a8025b36efad9b9.jpg”,”gender”:”male”,”description”:”Max Yakubowski is the opinion editor at Cointelegraph. He has a Master of Arts in linguistics and social anthropology and is passionate about innovative technology and its cultural and social influence as well as discursive representations. Prior to Cointelegraph, he worked as an academic curriculum developer and researcher at various educational organizations and institutions.”,”facebook”:””,”email”:”[email protected]”,”linkedin”:”https://www.linkedin.com/in/max-yakubowski-3b2a12b2/”,”created_at”:”2018-06-20 15:34:43″,”updated_at”:”2020-06-19 08:26:04″,”deleted_at”:null,”avatar”:”https://images.cointelegraph.com/images/150_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kYmUzMDdjNjliNmY2NTA2OWE4MDI1YjM2ZWZhZDliOS5qcGc=.jpg”,”hash”:”aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9hdXRob3JzL21heC15YWt1Ym93c2tp”,”relativeUrl”:”https://cointelegraph.com/authors/max-yakubowski”,”user_id”:607,”language_id”:1,”name”:”Max Yakubowski”,”desc”:”Max Yakubowski is the opinion editor at Cointelegraph. He has a Master of Arts in linguistics and social anthropology and is passionate about innovative technology and its cultural and social influence as well as discursive representations. Prior to Cointelegraph, he worked as an academic curriculum developer and researcher at various educational organizations and institutions.”,”seo_title”:”Max Yakubowski`s articles on Cointelegraph”,”seo_description”:”Max Yakubowski archive page on Cointelegraph. 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We live in a world where in at least 69 countries, there are national laws that criminalize same-sex relations between adults, though it’s only fair to note that this number has been decreasing over time. Emerging technologies play an important role in the process of protecting lesbian, gay, bisexual, transgender and intersex people from violence and discrimination and providing access to healthcare and financial services. Being part of the LGBTQ community myself, I witness the many positive changes that decentralized technologies can offer us as a community.nn

Last year, the world witnessed the onset of the COVID-19 pandemic, which is still affecting everyone today. According to research released last month, “People with HIV have an increased risk of being admitted to [the] hospital with severe COVID-19 and of dying from COVID-19.” According to the Joint United Nations Programme on HIV/AIDS (UNAIDS), the population most vulnerable to HIV is the LGBTQ community, with the risk of acquiring HIV being 34 times higher for transgender women and 25 times higher among gay men. In response, the LGBT Foundation has decided to place HIV tests on the blockchain, which “makes the entire process transparent and traceable” and helps prevent HIV from spreading among vulnerable populations. As Erik Lamontagne, senior economist at UNAIDS, said: “This technology enables us to move almost as quickly as epidemics are moving. And this is fantastic! This is one of the opportunities.”nn

Even in developed countries, such as the United States, LGBTQ people face financial challenges because of their sexual or gender identity. Cryptocurrencies and decentralized finance can improve financial accessibility and inclusion, especially for minority groups, and blockchain technology can transparently distribute funding, which also can benefit the LGBTQ community.nn

Related: Cointelegraph Talks recap: Blockchain giving power to LGBTQ peoplenn

Emerging technologies are gaining momentum, becoming not just an innovative niche industry but rather our daily practice. To find out what crypto and blockchain industry representatives think about the impact of these technologies on the LGBTQ community, Cointelegraph reached out to a number of them to ask their opinions on the following questions: Can emerging technologies help members of the LGBTQ community improve their lives? And if yes, how?nnn”,”created_at”:”2021-08-13 15:41:37″,”updated_at”:”2021-08-13 15:57:31″,”sort”:1,”translations”:{“id”:2659,”explained_post_id”:2666,”title_en”:”Introduction”,”content_en”:”

We live in a world where in at least 69 countries, there are national laws that criminalize same-sex relations between adults, though it’s only fair to note that this number has been decreasing over time. Emerging technologies play an important role in the process of protecting lesbian, gay, bisexual, transgender and intersex people from violence and discrimination and providing access to healthcare and financial services. Being part of the LGBTQ community myself, I witness the many positive changes that decentralized technologies can offer us as a community.nn

Last year, the world witnessed the onset of the COVID-19 pandemic, which is still affecting everyone today. According to research released last month, “People with HIV have an increased risk of being admitted to [the] hospital with severe COVID-19 and of dying from COVID-19.” According to the Joint United Nations Programme on HIV/AIDS (UNAIDS), the population most vulnerable to HIV is the LGBTQ community, with the risk of acquiring HIV being 34 times higher for transgender women and 25 times higher among gay men. In response, the LGBT Foundation has decided to place HIV tests on the blockchain, which “makes the entire process transparent and traceable” and helps prevent HIV from spreading among vulnerable populations. As Erik Lamontagne, senior economist at UNAIDS, said: “This technology enables us to move almost as quickly as epidemics are moving. And this is fantastic! This is one of the opportunities.”nn

Even in developed countries, such as the United States, LGBTQ people face financial challenges because of their sexual or gender identity. Cryptocurrencies and decentralized finance can improve financial accessibility and inclusion, especially for minority groups, and blockchain technology can transparently distribute funding, which also can benefit the LGBTQ community.nn

Related: Cointelegraph Talks recap: Blockchain giving power to LGBTQ peoplenn

Emerging technologies are gaining momentum, becoming not just an innovative niche industry but rather our daily practice. To find out what crypto and blockchain industry representatives think about the impact of these technologies on the LGBTQ community, Cointelegraph reached out to a number of them to ask their opinions on the following questions: Can emerging technologies help members of the LGBTQ community improve their lives? And if yes, how?nnn”,”title_es”:””,”content_es”:”n”,”title_cn”:””,”content_cn”:”n”,”title_de”:””,”content_de”:”n”,”title_it”:””,”content_it”:”n”,”title_ar”:””,”content_ar”:”n”,”title_br”:””,”content_br”:”n”,”title_jp”:””,”content_jp”:”n”,”created_at”:”2021-08-13 15:41:37″,”updated_at”:”2021-08-13 15:57:31″,”title_kr”:””,”content_kr”:”n”,”title_tr”:””,”content_tr”:”n”}},{“id”:2667,”post_id”:70951,”title”:”Caroline Pugliese of Rally:”,”content”:”

Caroline is the director of creator partnerships, entertainment, at Rally — an open network that enables creators to launch independent economies powered by the Ethereum blockchain.nn

“Crypto offers some of the most positive developments and opportunities for the LGBTQ community that we’ve seen in tech over the past few decades. Social tokens, in particular, are a burgeoning space that’s ideal for building community support for LGBTQ talent and small businesses, as well as providing space for specific cause-driven activations without the risk of being deplatformed or demonetized. The privacy that blockchain can provide and the open access to many crypto platforms allows people to participate even when their community or physical location is not accepting of the LGBTQ population.nn

The emergence of DAOs is also very promising for the digital communities that are being created. They can be remarkably niche, formed around topics that allow people to come together around a cause and create opportunities in a fair, community-oriented way. DAOs have the potential to create ways for members to have a safe space to communicate, have a say in the governance of a project and find ways to give back to both the DAO members and the larger LGBTQ community around the world. At the same time, the emergence of NFTs and their ongoing royalties provide LGBTQ talent, who may have previously struggled to find equal opportunities for their creative work, a way to get compensated and be given credit for what they have created.”nnn”,”created_at”:”2021-08-13 15:44:06″,”updated_at”:”2021-08-13 15:57:29″,”sort”:2,”translations”:{“id”:2660,”explained_post_id”:2667,”title_en”:”Caroline Pugliese of Rally:”,”content_en”:”

Caroline is the director of creator partnerships, entertainment, at Rally — an open network that enables creators to launch independent economies powered by the Ethereum blockchain.nn

“Crypto offers some of the most positive developments and opportunities for the LGBTQ community that we’ve seen in tech over the past few decades. Social tokens, in particular, are a burgeoning space that’s ideal for building community support for LGBTQ talent and small businesses, as well as providing space for specific cause-driven activations without the risk of being deplatformed or demonetized. The privacy that blockchain can provide and the open access to many crypto platforms allows people to participate even when their community or physical location is not accepting of the LGBTQ population.nn

The emergence of DAOs is also very promising for the digital communities that are being created. They can be remarkably niche, formed around topics that allow people to come together around a cause and create opportunities in a fair, community-oriented way. DAOs have the potential to create ways for members to have a safe space to communicate, have a say in the governance of a project and find ways to give back to both the DAO members and the larger LGBTQ community around the world. At the same time, the emergence of NFTs and their ongoing royalties provide LGBTQ talent, who may have previously struggled to find equal opportunities for their creative work, a way to get compensated and be given credit for what they have created.”nnn”,”title_es”:””,”content_es”:”n”,”title_cn”:””,”content_cn”:”n”,”title_de”:””,”content_de”:”n”,”title_it”:””,”content_it”:”n”,”title_ar”:””,”content_ar”:”n”,”title_br”:””,”content_br”:”n”,”title_jp”:””,”content_jp”:”n”,”created_at”:”2021-08-13 15:44:06″,”updated_at”:”2021-08-13 15:57:29″,”title_kr”:””,”content_kr”:”n”,”title_tr”:””,”content_tr”:”n”}},{“id”:2668,”post_id”:70951,”title”:”Christof Wittig of Hornet:”,”content”:”

Christof is the founder and CEO of Hornet, a queer social network with over 30 million users worldwide.nn

“Emerging technologies play a major role for the LGBTQ community, whether we like it or not.nn

On the negative side, 64% of adult LGBTQ Americans have reported online discrimination and harassment on the ‘big five’ heteronormative social networks [Facebook, Instagram, Twitter, YouTube and TikTok], according to the recently published Social Media Safety Index by GLAAD. That is the highest number of positive responses among any minority in the U.S. and is up from 40% in a similar study conducted by Hornet and Kantar in 2018. We see day in and day out how technology amplifies all aspects of our lives, including all the negatives, from LGBTQ discrimination in the U.S. to the actions of the 71 countries that are still criminalizing being LGBTQ today.nn

On the positive side, we can use the sheer scale of technology to make it a powerful force for good. Hornet’s social network provides a safe space for members of the LGBTQ community, allowing authentic social connections to emerge even when people are locked down during COVID-19, live in a far-flung place away from the queer centers of this world, or are inhibited through other reasons from easily connecting with other queer people to find that inherent love and belonging that is so easily experienceable in offline community meetups, etc.nn

Hornet already makes extensive use of AI to detect suspicious patterns to identify catfish, spammers and attackers, and we continuously seek to develop ‘proof-of-work’ concepts such as the ‘Hornet Badge’ to verify identities. We cannot rely on government-issued IDs as these could turn into peril if such information were to get into the wrong hands (including by hacking, government court orders, or through carelessness or profiteering by companies that don’t put the well-being of our community front and center in their business.)nn

In the long run, I believe that blockchain, a decentralized technology, is a perfect match for a decentralized community like ours. And just like a nation-state has IDs, a currency and a budget, blockchain gives us the tools to provide for identity (pseudonymity), value storage and transfer, and some form of funding or taxation to put resources behind projects of common interest. To this end, we have initiated the LGBT Foundation and look forward to working with interested members of the crypto and the LGBTQ communities to develop the underlying infrastructure.”nnn”,”created_at”:”2021-08-13 15:45:05″,”updated_at”:”2021-08-13 15:57:29″,”sort”:3,”translations”:{“id”:2661,”explained_post_id”:2668,”title_en”:”Christof Wittig of Hornet:”,”content_en”:”

Christof is the founder and CEO of Hornet, a queer social network with over 30 million users worldwide.nn

“Emerging technologies play a major role for the LGBTQ community, whether we like it or not.nn

On the negative side, 64% of adult LGBTQ Americans have reported online discrimination and harassment on the ‘big five’ heteronormative social networks [Facebook, Instagram, Twitter, YouTube and TikTok], according to the recently published Social Media Safety Index by GLAAD. That is the highest number of positive responses among any minority in the U.S. and is up from 40% in a similar study conducted by Hornet and Kantar in 2018. We see day in and day out how technology amplifies all aspects of our lives, including all the negatives, from LGBTQ discrimination in the U.S. to the actions of the 71 countries that are still criminalizing being LGBTQ today.nn

On the positive side, we can use the sheer scale of technology to make it a powerful force for good. Hornet’s social network provides a safe space for members of the LGBTQ community, allowing authentic social connections to emerge even when people are locked down during COVID-19, live in a far-flung place away from the queer centers of this world, or are inhibited through other reasons from easily connecting with other queer people to find that inherent love and belonging that is so easily experienceable in offline community meetups, etc.nn

Hornet already makes extensive use of AI to detect suspicious patterns to identify catfish, spammers and attackers, and we continuously seek to develop ‘proof-of-work’ concepts such as the ‘Hornet Badge’ to verify identities. We cannot rely on government-issued IDs as these could turn into peril if such information were to get into the wrong hands (including by hacking, government court orders, or through carelessness or profiteering by companies that don’t put the well-being of our community front and center in their business.)nn

In the long run, I believe that blockchain, a decentralized technology, is a perfect match for a decentralized community like ours. And just like a nation-state has IDs, a currency and a budget, blockchain gives us the tools to provide for identity (pseudonymity), value storage and transfer, and some form of funding or taxation to put resources behind projects of common interest. To this end, we have initiated the LGBT Foundation and look forward to working with interested members of the crypto and the LGBTQ communities to develop the underlying infrastructure.”nnn”,”title_es”:””,”content_es”:”n”,”title_cn”:””,”content_cn”:”n”,”title_de”:””,”content_de”:”n”,”title_it”:””,”content_it”:”n”,”title_ar”:””,”content_ar”:”n”,”title_br”:””,”content_br”:”n”,”title_jp”:””,”content_jp”:”n”,”created_at”:”2021-08-13 15:45:05″,”updated_at”:”2021-08-13 15:57:29″,”title_kr”:””,”content_kr”:”n”,”title_tr”:””,”content_tr”:”n”}},{“id”:2669,”post_id”:70951,”title”:”Cristina Dolan of InsideChains:”,”content”:”

Cristina is the founder and CEO of InsideChains, which helps organizations create solutions and new business models by utilizing a blockchain layer for trust. She is also former chair of MIT Enterprise Forum and co-author of the upcoming book “Transparency in ESG and the Circular Economy.”nn

“When Apple first released its credit card, there were stories about gender discrimination. Traditional banks are risk averse and regulated to prevent systemic risk, which can result in unintentional discrimination and lack of inclusivity. Gender doesn’t need to be a factor in the eligibility for financial services. Technology is powering new fintech solutions that offer a wide array of innovative services.nn

Open banking has made it possible for AI and data-enabled credit solutions to be offered at scale in cost-effective ways. Individuals and companies now have access to credit without the requirement for traditional historical risk profiles. Neobanks offer cost-effective, efficient transactions.nn

Today, crypto-enabled platforms are offering greater returns and a variety of services that do not have narrow requirements for eligibility. Account access on blockchain platforms is controlled by customers with their private and public keypairs and doesn’t require an intermediary organization. A new generation of verification platforms allows for third-party identity verification, eliminating full disclosure of sensitive information with every financial institution for Know Your Customer regulatory disclosures. Distributed and advanced technologies are providing a growing number of improved financial services to a more diverse population where customers have greater control.”nnn”,”created_at”:”2021-08-13 15:45:41″,”updated_at”:”2021-08-13 15:57:29″,”sort”:4,”translations”:{“id”:2662,”explained_post_id”:2669,”title_en”:”Cristina Dolan of InsideChains:”,”content_en”:”

Cristina is the founder and CEO of InsideChains, which helps organizations create solutions and new business models by utilizing a blockchain layer for trust. She is also former chair of MIT Enterprise Forum and co-author of the upcoming book “Transparency in ESG and the Circular Economy.”nn

“When Apple first released its credit card, there were stories about gender discrimination. Traditional banks are risk averse and regulated to prevent systemic risk, which can result in unintentional discrimination and lack of inclusivity. Gender doesn’t need to be a factor in the eligibility for financial services. Technology is powering new fintech solutions that offer a wide array of innovative services.nn

Open banking has made it possible for AI and data-enabled credit solutions to be offered at scale in cost-effective ways. Individuals and companies now have access to credit without the requirement for traditional historical risk profiles. Neobanks offer cost-effective, efficient transactions.nn

Today, crypto-enabled platforms are offering greater returns and a variety of services that do not have narrow requirements for eligibility. Account access on blockchain platforms is controlled by customers with their private and public keypairs and doesn’t require an intermediary organization. A new generation of verification platforms allows for third-party identity verification, eliminating full disclosure of sensitive information with every financial institution for Know Your Customer regulatory disclosures. Distributed and advanced technologies are providing a growing number of improved financial services to a more diverse population where customers have greater control.”nnn”,”title_es”:””,”content_es”:”n”,”title_cn”:””,”content_cn”:”n”,”title_de”:””,”content_de”:”n”,”title_it”:””,”content_it”:”n”,”title_ar”:””,”content_ar”:”n”,”title_br”:””,”content_br”:”n”,”title_jp”:””,”content_jp”:”n”,”created_at”:”2021-08-13 15:45:41″,”updated_at”:”2021-08-13 15:57:29″,”title_kr”:””,”content_kr”:”n”,”title_tr”:””,”content_tr”:”n”}},{“id”:2670,”post_id”:70951,”title”:”Don Richmond of Filmio:”,”content”:”

Don is the chief marketing officer of Filmio Inc., a decentralized entertainment ecosystem for the filmmaking and TV industries.nn

“Blockchain is a great tool to circumvent oppressive power structures. Although the technology does not necessarily have the capacity to provide the rights and freedoms that members of the LGBTQ community deserve, it has the ability to offer financial and organizational viability via its decentralized, democratic protocols. As many societies in many parts of the world try to exclude LGBTQ members from fair participation in the economy, blockchain can provide alternative means to earning income and building businesses.nn

But beyond the economic factor, there is even plenty of potential within the arts to empower the LGBTQ communities around the world to connect, create, fund and share. For example, in countries where LGBTQ films are not permitted or socially accepted — and therefore do not get funding and/or an audience — blockchain can give creators who are either part of the LGBTQ community or want to talk about LGBTQ issues the means to find their audience, market their project, and get funding and distribution.nn

Emergent technologies have taken a giant step toward disintermediating the prevailing power structures and have placed access to resources back into the hands of the people.”nnn”,”created_at”:”2021-08-13 15:46:12″,”updated_at”:”2021-08-13 15:57:29″,”sort”:5,”translations”:{“id”:2663,”explained_post_id”:2670,”title_en”:”Don Richmond of Filmio:”,”content_en”:”

Don is the chief marketing officer of Filmio Inc., a decentralized entertainment ecosystem for the filmmaking and TV industries.nn

“Blockchain is a great tool to circumvent oppressive power structures. Although the technology does not necessarily have the capacity to provide the rights and freedoms that members of the LGBTQ community deserve, it has the ability to offer financial and organizational viability via its decentralized, democratic protocols. As many societies in many parts of the world try to exclude LGBTQ members from fair participation in the economy, blockchain can provide alternative means to earning income and building businesses.nn

But beyond the economic factor, there is even plenty of potential within the arts to empower the LGBTQ communities around the world to connect, create, fund and share. For example, in countries where LGBTQ films are not permitted or socially accepted — and therefore do not get funding and/or an audience — blockchain can give creators who are either part of the LGBTQ community or want to talk about LGBTQ issues the means to find their audience, market their project, and get funding and distribution.nn

Emergent technologies have taken a giant step toward disintermediating the prevailing power structures and have placed access to resources back into the hands of the people.”nnn”,”title_es”:””,”content_es”:”n”,”title_cn”:””,”content_cn”:”n”,”title_de”:””,”content_de”:”n”,”title_it”:””,”content_it”:”n”,”title_ar”:””,”content_ar”:”n”,”title_br”:””,”content_br”:”n”,”title_jp”:””,”content_jp”:”n”,”created_at”:”2021-08-13 15:46:12″,”updated_at”:”2021-08-13 15:57:29″,”title_kr”:””,”content_kr”:”n”,”title_tr”:””,”content_tr”:”n”}},{“id”:2671,”post_id”:70951,”title”:”Elissa Shevinsky of Cointelegraph:”,”content”:”

Elissa is the chief technology officer of Cointelegraph, the world’s foremost blockchain-focused media platform.nn

“We are seeing that NFTs can be a vehicle to help artists and other creatives support their work, outside traditional funding sources (whether that’s Hollywood or Wall Street.) One of my favorite examples is seeing Mila Kunis produce Stoner Cats as an NFT in partnership with Big Head. Even someone as powerful as Kunis felt the difficulties of getting funding for non-mainstream art.nn

We’re seeing many artists — less well-known artists — using NFTs to connect with patrons and collectors. This helps a very wide range of previously marginalized people, and certainly LGBTQAI people.nn

As for other emerging tech, there’s good and bad. AI is the classic example. Do we have the wisdom and foresight to use AI for good? Who is harmed if we do not?”nnn”,”created_at”:”2021-08-13 15:46:46″,”updated_at”:”2021-08-13 15:57:29″,”sort”:6,”translations”:{“id”:2664,”explained_post_id”:2671,”title_en”:”Elissa Shevinsky of Cointelegraph:”,”content_en”:”

Elissa is the chief technology officer of Cointelegraph, the world’s foremost blockchain-focused media platform.nn

“We are seeing that NFTs can be a vehicle to help artists and other creatives support their work, outside traditional funding sources (whether that’s Hollywood or Wall Street.) One of my favorite examples is seeing Mila Kunis produce Stoner Cats as an NFT in partnership with Big Head. Even someone as powerful as Kunis felt the difficulties of getting funding for non-mainstream art.nn

We’re seeing many artists — less well-known artists — using NFTs to connect with patrons and collectors. This helps a very wide range of previously marginalized people, and certainly LGBTQAI people.nn

As for other emerging tech, there’s good and bad. AI is the classic example. Do we have the wisdom and foresight to use AI for good? Who is harmed if we do not?”nnn”,”title_es”:””,”content_es”:”n”,”title_cn”:””,”content_cn”:”n”,”title_de”:””,”content_de”:”n”,”title_it”:””,”content_it”:”n”,”title_ar”:””,”content_ar”:”n”,”title_br”:””,”content_br”:”n”,”title_jp”:””,”content_jp”:”n”,”created_at”:”2021-08-13 15:46:46″,”updated_at”:”2021-08-13 15:57:29″,”title_kr”:””,”content_kr”:”n”,”title_tr”:””,”content_tr”:”n”}},{“id”:2672,”post_id”:70951,”title”:”Eloisa Marchesoni, ICO, IEO and STO adviser:”,”content”:”

Eloisa is also the co-founder of Blackchain, a management consulting company focusing on the blockchain industry.nn

“Online surveillance and censorship have cast a shadow over this marginalized community.nn

Tokyo-based Famiee Project began to issue blockchain-backed partnership certificates for same-sex couples in early 2021. To apply for a certificate, couples need to download an app, verify their personal details and sign a declaration. Using blockchain means the data is not changed, and the system works without some central owners, keeping the data available for the family and their next generations. From employer spousal benefits, including parental leave and life insurance, to getting permission from landlords to live together, the practical benefits couples gain from obtaining a recognized proof of marriage can have a material impact on the lives and finances of LGBTQ partners.nn

Plans for the LGBT Token went far beyond just setting up a cryptocurrency, with goals including:nn

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BTC, ETH, XRP, ZEN, SNX, WAVES, AVA – Technical Analysis Sept 16

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BTC, ETH, XRP, ZEN, SNX, WAVES, AVA – Technical Analysis Sept 16

Bitcoin (BTC) and Ethereum (ETH) have broken out from descending parallel channels.

XRP (XRP) is trading above the $1.05 horizontal support area.

Horizen (ZEN) is trying to break out above the $108 resistance area.

Synthetix (SNX) has broken out from an ascending triangle.

Waves (WAVES) has moved above the $26.80 resistance area.

Travala.com (AVA) has broken out from a descending resistance line.

BTC

BTC has been moving upwards since Sept 14. On Sept 15, it managed to break out from a descending parallel channel and accelerated. 

The upward move is supported by both the RSI and MACD, which are increasing. The former has even crossed above 50. 

BTC is approaching the 0.618 Fib retracement resistance level at $49,050. However, due to a confluence of Fib levels, it’s possible that it could increase all the way to $50,750.

ETH

On Sept 15, ETH broke out from a descending parallel channel that had been in place since Sept 7. It has been increasing at an accelerated rate since. 

The upward move is supported by both the increasing MACD and RSI readings. 

However, ETH has reached a confluence of Fib resistance levels between $3,625 and $3,635. These levels are the 1:1.61 length of waves A:C and the 0.618 Fib retracement resistance level (white).

XRP

On Aug 13, XRP broke out from the $1.05 horizontal resistance area. It proceeded to reach a high of $1.41 on Sept 6 before dropping sharply the next day. 

Following this, it validated the $1.05 area as support. 

However, even though XRP is trading above the $1.05 support area, indicators are bearish. The MACD and RSI are both decreasing.

ZEN

ZEN has been increasing above an ascending support line since July 16. On Sept 6, it was rejected by the $108 horizontal resistance area and returned to validate the support line once again. 

However, ZEN rebounded and made another breakout attempt on Sept 15. 

Despite the strong bounce, ZEN failed to break out. In addition, both the RSI and MACD have created bearish divergences. 

Therefore, at the current time, we cannot determine if ZEN will be able to move above this resistance.

SNX

SNX began trading inside an ascending triangle on May 21. After several unsuccessful attempts, it managed to break out on Sept 15. 

The breakout is supported by the increasing MACD and RSI values. 

The closest resistance area is found at $23.80.

WAVES

WAVES has been increasing above an ascending support line since July 20. 

On Aug 31, it broke out above the $26.80 resistance area. 

After this, it returned to validate the area as support, also touching the ascending support and Supertrend lines (green icon). It has been moving upwards since. 

The closest resistance area is at the all-time high level near $38. 

AVA

On Aug 14, AVA broke out from a descending resistance line that had been in place since April and reached a high of $5.40 on Sept 6. 

However, it was rejected by the $5.40 resistance area and fell. 

It then found support at $3.50, creating two lower wicks. In addition to this, the RSI has generated a hidden bullish divergence, which is a common sign of trend continuation.

Therefore, AVA could be on its way to revisit the $5.40 resistance area.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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AMC to Support Ethereum, Litecoin, and Bitcoin Cash Following BTC Adoption

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AMC to Support Ethereum, Litecoin, and Bitcoin Cash Following BTC Adoption

AMC Theatres will accept payments in Ethereum, Litecoin, and Bitcoin Cash by the end of 2021, in addition to bitcoin.

AMC Theatres, the world’s largest theater chain, has announced that it will accept more cryptocurrencies for payment by the end of 2021. The cryptocurrencies that it will support include bitcoin, ethereum, litecoin, and bitcoin cash. This marks yet another notable adoption for the cryptocurrency market, which has had a stellar 2021.

AMC expands crypto payment options

The company’s CEO, Adam Aron, tweeted the news on Sept 16, saying that crypto could be used to pay for online ticket and concession payments by the year’s end. AMC revealed that it would accept bitcoin in August 2021, to much fanfare.

This year has already seen Tesla accept bitcoin as payments for its electric vehicles, though it suspended that later. PayPal has also expanded into cryptocurrencies and is ramping up its support for the market.

The news of AMC Theatres accepting cryptocurrency payments will please investors, as the chain is a notable brand with some clout. The firm has also come to the attention of the public lately for its support from within Reddit’s wallstreetbets community. While the support was not quite as strong as it was for GameStop, those retail investors have helped drive the price of AMC’s stock up.

In short, the acceptance of crypto payments should stir further interest from a community that is already knowledgeable about crypto. Incidentally, GameStop also announced a foray into the blockchain and crypto space when it announced that it was working on a series of NFTs.

Bitcoin and crypto steadily seeing greater adoption

The crypto world has been subject to a lot of good news in terms of adoption this year. The support coming for crypto payments has been varied, with entities in a highly varied set of industries taking the step. The signs have been very optimistic at the retail level.

The travel industry can benefit a great deal from bitcoin payments — and a luxury hotel in Switzerland has gone to facilitate that. Switzerland, which is known for its hub of crypto companies and entrepreneurs, has over 85,000 merchants supporting crypto payments.

Other established companies supporting crypto payments include auction house Lloyd’s. Auction houses have been very interested in blockchain technology, particularly NFTs. Many of them have conducted auctions for NFTs, selling them for many millions.

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El Salvador’s Chivo Bitcoin Wallet Crosses 500,000 Users

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El Salvador’s Chivo Bitcoin Wallet Crosses 500,000 Users

El Salvador’s Chivo bitcoin wallet has already crossed 500,000 users, as revealed by local news reports.

El Salvador’s digital bitcoin wallet Chivo has already hit half a million users, according to reports from local media. The country introduced the wallet on Sept 7.

Users receive $30 in bitcoin when they download the wallet for the first time as an incentive. As of Sept 7, the country had purchased 400 bitcoins for its coffers — which by all accounts is ambivalent in terms of its success.

El Salvador’s bitcoin integration is off to a somewhat rocky start, as there have been several protests against its adoption. Protests have come from both opposition forces and citizens — with the latter marching in the streets and even filing a lawsuit.

The country has used a number of measures to incentivize people to use bitcoin. Foreigners, for example, are exempt from paying capital gains tax on their bitcoin profits. In addition, they receive permanent residency if they decide to move and have an entrepreneurial venture.

https://s32659.pcdn.co/wp-content/uploads/2021/09/El-Salvador.mp4
Source: /u/kiarga

Some El Salvadorians have taken to Reddit to talk about the general sentiment surrounding bitcoin. The country celebrated its Independence Day on Sep. 15, and many protested against the current government in the streets. News broke that vandals destroyed bitcoin ATMs in the country, which is further evidence of displeasure with the new law.

One Redditor spoke about bitcoin further cementing existing inequalities — a concern that was one of the major issues citizens have with the government. They also note that the bitcoins in the Chivo wallet could be seized by the government.

One thing that cannot be denied is the fact that BTC payments do indeed reduce costs for cross-border payments. Other countries in the region are keeping a close eye on the development, which is the first of its kind.

Will more countries follow?

It’s unlikely that a large swathe of countries will follow El Salvador’s lead. Most governments are determined to release their own central bank digital currency (CBDC). Those that have accepted cryptocurrencies as an asset class have done so begrudgingly and are laboring to form a regulatory framework.

The idea of making bitcoin legal tender has been rebutted by China, India, and Russia. With important economies dismissing the asset as having such an important role in the economy, most other countries will likely take the same position.

Having said that, the El Salvador bitcoin experiment could turn up some surprising results. If bitcoin does indeed become the medium for cross-border transactions, then this could encourage more countries to do the same.

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All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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