Coin Stories with Natalie Brunell cover image

Coin Stories with Natalie Brunell

News Block: Bitcoin Soars Past $30k, WSJ Fake Terrorism News, FinCEN Targets Crypto Privacy, NYAG Sues Gemini/Genesis/DCG, BlackRock Prepares for ETF, Argentina's Milei Forces Run-Off

Oct 23, 2023
11:24
Snipd AI
Bitcoin hits $30k, WSJ publishes fake terrorism news, FinCEN targets crypto privacy, NYAG sues Gemini/Genesis/DCG, BlackRock prepares for ETF, Argentina's Milei forces run-off.
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Podcast summary created with Snipd AI

Quick takeaways

  • The Wall Street Journal's article linking Bitcoin to terrorist financing was found to be inaccurate, overstating funds by over 99%, highlighting the dangers of irresponsible journalism and political agendas.
  • The proposed FinCEN rules requiring financial institutions to record and report personal information for Bitcoin mixer transactions raise concerns about privacy violations and arbitrary information collection in the digital age.

Deep dives

Bitcoin's Anti-Fragility on Display

Despite negative propaganda and claims of Bitcoin being used to finance terrorism, on-chain analysis firm Chainalysis found that the Wall Street Journal made a beginner's mistake in linking Bitcoin to terrorist financing. The article overstated the funds flowing to terrorist organizations by over 99%. Irresponsible journalism and political agendas can lead to regulatory actions based on inaccurate information.

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