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Cryptocurrency going mainstream but EU & US regulators face challenges

Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

Has cryptocurrency finally gone mainstream?

Well, it certainly looks like that because after some people had invested in bitcoins out of curiosity or the quiet hope to make a fortune, now the EU and the European Central Bank are considering a digital euro. And this week, Visa announced that it would accept crypto coins, too. So those developments may help facilitate trust in an area that is also known to be a safe haven for criminal money.

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What are NFTs, and how do they fit into the crypto landscape?

Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

You may have heard that Jack Dorsey is selling his first tweet as an NFT in an auction, but what are NFTs?

Well, I had to do a little homework. NFT stands for "non-fungible tokens." They are unique digital files stored in a block chain and essentially a rare piece of data that becomes an asset. Also, because it can be authenticated. Now, actual ownership is one-off, unique, so unique that Christie's sold one of the highest paid pieces of art by a living artist ever as an NFT, for $69.3 million. And I guess just like with art on canvas, whether that was worth it is a matter of personal taste.

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How Contact Tracing Apps Work; Trading Bitcoin & Digital Currency

What will digital contact tracing apps look like and how will they work?

Well, the basic idea is that if you opt in to one of these apps, your phone will use Bluetooth, it will scan, look for other devices that are also being used by people who have opted in. If one of you test positive for coronavirus, the other will get a notification and can then take corrective action. There are a lot of different ways these are being built, but that's the idea.

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