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Get your daily summary of cryptoasset and blockchain related news, investigating the stories flying under the crypto news radar today.
Adoption News
- Ukrainian Ministry of Education unveiled an educational course for citizens that includes modules on bitcoin (BTC), crypto mining, blockchain technology and more. According to a Telegram message from Deputy Prime Minister and Digital Transformation Minister Mykhailo Fedorov, the eight-part video conference series will also include tutorials on how to store and spend cryptocurrencies, and attendees will receive a certificate upon completion.
- The Japanese pharmaceutical powerhouse Rohto launched an internal cryptoasset that will allow employees to finance side projects and raise funds for projects related to professional development. According to Nikkei, the company is allowing its employees, regardless of their seniority in the company, to use the token-based crowdfunding platform, as part of an effort to cultivate entrepreneurship within the company. The company employs over 5,500 people and has been family-run for four generations since its founding in 1949.
- In a joint statement, the Saudi central bank (SAMA) and the Central Bank of the United Arab Emirates (CBUAE) announced the results of the joint digital currency “Ma” project. The results showed that distributed ledger technology would allow central banks to develop payment systems both locally and cross-border, the announcement said, adding that both SAMA and CBUAE are satisfied with the results, which are believed to be beneficial. to the central banking community and the financial system in general.
Crime news
- With the COVID-19 pandemic likely to cause a massive wave of poverty and some economies potentially crashing, bitcoin (BTC) theft would become “much more attractive”. Kaspersky Lab She said. Additionally, with the special technical capabilities of BTC account tracking, deanonymization and seizure now available, cybercriminals would have to switch to transit cryptocurrencies to charge victims. “There is a reason to believe they could switch to other privacy-optimized currencies, such as monero (XMR), to use them first as a transition currency and then convert the funds into any other cryptocurrency of choice, including BTC,” he says. the report . (To know more: Crypto Security in 2021: More Threats Against DeFi and Individual Users)
- A Chinese court in the eastern province of Jiangsu accused the organizers of PlusToken cryptocurrency with the construction of a pyramid scheme and confirmed the ruling on 14 people including Chen Bo, who created the platform in 2018, in a second trial as a final. Bloomberg reported that cryptocurrencies raised by users as a membership fee were valued at least $ 2.3 billion in June 2019, citing a document from the Intermediate People’s Court in Yancheng City and a statement posted on November 26 on a website affiliated with the Supreme Court. As reported, Chinese authorities seized a huge stash of cryptocurrencies worth a total of $ 4.2 billion earlier this year.
- Jo Ju-bin, the prime suspect in the case of sharing rape and sexual exploitation videos in the Telegram Nth room that polarized South Korea for most of 2020, was found guilty and sentenced to 40 years behind bars. . According to Seoul Kyungjae, Jo and a number of administrative accomplices have been found guilty of multiple charges. During the sentence, the president of the court Seoul Central District Court made ominous remarks about cryptocurrencies, claiming that using cryptocurrency payments had allowed Jo to commit “repeated crimes of sexual exploitation”.
Mining news
- Bitcoin (BTC) mining difficulty, the measure that shows how difficult it is to compete for mining rewards, increased by 8.87% during the last adjustment on Sunday, reaching 19.16T and cutting profit margins. of BTC miners. Furthermore, it is relatively close to the all-time high recorded in mid-October, when it hit 20 T.
Investment news
- American blockchain company affiliated with XRP Ripple is selling up to 4 million shares of MoneyGram. According to a US Securities and Exchange Commission deposit, Ripple owns 6.22 million shares of MoneyGram and a mandate to purchase an additional 5.95 million shares, for a total equity position of 12.2 million shares, making 17% of the shares of MoneyGram in circulation. After the sale, Ripple will continue to own at least 3.22 million shares, or approximately 4.44% of MoneyGram, or 11% if the additional shares represented by the warrant are included.
Blockchain news
- Ethereum Classic (ETC) underwent a hard fork that introduced a new update aimed at increasing miners’ participation and increasing security. The Thanos protocol update allows 3GB and 4GB graphics processing units (GPUs) to re-mine the network and doubled the length of ETC’s mining period, or epoch, thus slowing the increase in DAG size (Directed Acyclic Graph). With the rollout, 4GB GPUs will remain supported for at least another three years, says a blog post from ETC.
Career News
- Portfolio provider based in France Ledger hired Ian Rogers, (now previously) LVMH Moët Hennessy Louis VuittonChief Digital Officer of. His main role will now be Ledger’s Chief Experience Officer who will work to expand the company’s consumer business and help bring cryptocurrency ownership to the masses, the Financial Times reported.
