Research (in preparation for group presentations). by John Houghton https://padlet.com/houghtonj/o2hr2ei7io15fzex A) The talk by Nicholas was given in 2015. Research (using e.g. Google, RUL Discovery, etc.) what has happened to Bitcoin and other cryptocurrencies in more recent years. B) Collate your ideas and try to organise them into a coherent structure. and be ready to present your findings to the class. (Use this as practice for presentations and seminar discussions you might do in other modules) C) Can you think of any ethical issues related to the use of cryptocurrencies? en-us 2020-10-23 13:19:56 UTC 2024-02-28 17:11:24 UTC hello@padlet.com Crypto analysts expect that at the end of summer 2023, the BTC price will be around $$63,449.70. In July 2024, the Bitcoin cost may drop to a minimum of $$59,485.58. The expected peak value might be $$67,413.82 in July 2024. https://padlet.com/houghtonj/o2hr2ei7io15fzex/wish/2899399748 2024-02-28 16:58:45 UTC https://padlet.com/houghtonj/o2hr2ei7io15fzex/wish/2899399748 The main ethical issue is the impact of cryptocurrencies on the global economy e.g. creates financial instability since it is not subject to the same regulations as traditional banking https://padlet.com/houghtonj/o2hr2ei7io15fzex/wish/2899404226 2024-02-28 17:02:18 UTC https://padlet.com/houghtonj/o2hr2ei7io15fzex/wish/2899404226 Cryptocurrency evolution in recent years: https://padlet.com/houghtonj/o2hr2ei7io15fzex/wish/2899407795 Crypto has seen circulations by millions into the platforms, especially Bitcoin who has more than 14 millions in circulation. But is also in use for potentially disrupting a wide variety of transactions which includes stocks, bonds and other financial assets. But also aspects such as smart contracts, smart properties, notary services, bonded identity services as stated by a PWC article.

]]> 2024-02-28 17:05:04 UTC https://padlet.com/houghtonj/o2hr2ei7io15fzex/wish/2899407795 Ethical issues with crypto currencies is that it's association with activities like money laundering and drug trafficking. https://padlet.com/houghtonj/o2hr2ei7io15fzex/wish/2899409860 2024-02-28 17:06:33 UTC https://padlet.com/houghtonj/o2hr2ei7io15fzex/wish/2899409860 The environmental impact because of bitcoin mining would contribute to the climate change https://padlet.com/houghtonj/o2hr2ei7io15fzex/wish/2899414064 2024-02-28 17:09:36 UTC https://padlet.com/houghtonj/o2hr2ei7io15fzex/wish/2899414064 Ethical issues concerning use of cryptocurrencies: https://padlet.com/houghtonj/o2hr2ei7io15fzex/wish/2899416458

  • Susceptible to high price volatility - wild price wings over short period of time.

    • Exposure to crypto-specific scams and Fraud.

    • Blackmarket activities may damage reputation and usefulness-dark net markets, money laundering, cybercrime, terrorism financing. Relation to illegal activities.......etc. As stated by Cavendish professionals and Binance Square.

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