{"id":38285,"date":"2023-01-28T20:31:37","date_gmt":"2023-01-29T02:31:37","guid":{"rendered":"https:\/\/huewhite.com\/umb\/?p=38285"},"modified":"2023-01-28T20:31:37","modified_gmt":"2023-01-29T02:31:37","slug":"enabling-the-bad-guys","status":"publish","type":"post","link":"https:\/\/huewhite.com\/umb\/2023\/01\/28\/enabling-the-bad-guys\/","title":{"rendered":"Enabling The Bad Guys?"},"content":{"rendered":"<p>Emirati Minister for Artificial Intelligence, Digital Economy and Remote Work Application, Omar Sultan Al Olama took part in a panel at the <em><strong>World Economic Forum<\/strong><\/em> in Davos, where he mentioned a term new to me:<\/p>\n<blockquote><p>Olama discussed the future of decentralized finance, or DeFi, at the panel. DeFi is a form of fintech whereby individuals can conduct financial transactions such as loans without intermediaries such as banks, relying on technology such as digital financial databases. DeFi uses blockchain technology similar to that of cryptocurrency.<\/p>\n<p>Olama called DeFi the \u201cleast regulated\u201d sector in the crypto world. He added that DeFi could become a \u201cbubble,\u201d meaning it will crash after seeing a quick increase in value.<\/p>\n<p>&#8220;We are going to see some bubbles in the DeFi space in the coming future that will require a lot of government intervention,\u201d he said.<em> [<a href=\"https:\/\/www.al-monitor.com\/originals\/2023\/01\/uae-defends-crypto-push-world-economic-forum-amid-ftx-fallout?utm_medium=email&amp;utm_campaign=business%20newsletter%2012523%20January%2025%202023%20251&amp;utm_content=business%20newsletter%2012523%20January%2025%202023%20251+CID_27878d9415a5a95a69540b60b7014337&amp;utm_source=campmgr&amp;utm_term=cryptocurrency%20at%20the%20World%20Economic%20Forum\" target=\"_blank\" rel=\"noopener\"><strong>AL-Monitor<\/strong><\/a>]<\/em><\/p><\/blockquote>\n<p>I should think that fighting advanced computer criminals will become tougher when the usual law enforcement tools that depend on access to financial institutions&#8217; databases become useless.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Emirati Minister for Artificial Intelligence, Digital Economy and Remote Work Application, Omar Sultan Al Olama took part in a panel at the World Economic Forum in Davos, where he mentioned a term new to me: Olama discussed the future of decentralized finance, or DeFi, at the panel. DeFi is a \u2026 <a class=\"continue-reading-link\" href=\"https:\/\/huewhite.com\/umb\/2023\/01\/28\/enabling-the-bad-guys\/\"> Continue reading <span class=\"meta-nav\">&rarr; <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38285","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/38285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/comments?post=38285"}],"version-history":[{"count":1,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/38285\/revisions"}],"predecessor-version":[{"id":38286,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/posts\/38285\/revisions\/38286"}],"wp:attachment":[{"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/media?parent=38285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/categories?post=38285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huewhite.com\/umb\/wp-json\/wp\/v2\/tags?post=38285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}