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More than 90% of Stablecoin transactions aren't from real users, study finds

More than 90% of Stablecoin transactions aren't from real users, study finds
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Bitcoin: Crypto dreams and reality collide again in Bitcoin heartbreak rerun

Bitcoin faced a 16% decline in April, the worst since November 2022, attributed to outflows from spot ETFs in the US post the Bitcoin halving event on April 18. Other factors include macroeconomic issues and geopolitical tensions. ....

Indian School Of Business , Technology Leadership , Offering College , Certificate Programme In Data Science Machine , Tech Prowess , High Value Skill , Data Science , Price Surge , Market Volatility ,

"Trust and reliance in the cognitive institutions of cryptocurrency" by Enrico Petracca and Shaun Gallagher

The stated aim of cryptocurrencies is to free the monetary system from the need to trust financial intermediaries, by relying on incentive design and technology. Many descriptive studies, however, have questioned cryptocurrencies’ delivery on the promise of trustlessness. This paper promotes a normative analysis of trust in cryptocurrencies by discussing (i) whether trust is in principle eliminable, and (ii) whether trustlessness is in itself a desirable goal. These issues are closely related, we argue, to the further issue of what kind of institutions cryptocurrencies represent. We discuss the cognitive functions played by cryptocurrencies through the lens of the “extended mind” hypothesis in the philosophy of mind and hence conceive of cryptocurrencies as mind-extending institutions. As the models of institutional mind extension differ in the fiduciary bond they assume exists between individuals and institutional resources, we compare the reliance-based model of “scaffolding ....

Ognitive Institution , The Extended Mind ,