#CryptoCorner: North Korea Has Accumulated $670 Million in Crypto through Cyberattacks, SFOX Report Finds that Bitcoin Trading Volumes at “highest level since January 2018
#CryptoCorner:
North Korea Has Accumulated $670 Million in
Crypto through Cyberattacks, SFOX Report Finds that Bitcoin Trading Volumes at
“highest level since January 2018
Point Roberts WA, Delta BC, March 8, 2019 - Investorideas.com, a leader in crypto and
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March
8 Crypto Corner
North Korea Has Accumulated $670 Million in Crypto
Through Cyberattacks, SFOX Report Finds that Bitcoin Trading Volumes at
“highest level since January 2018”, Quantstamp Expanding to Japan After
“Significant Investment” from Nomura Holdings and Connecticut to Legalize
Blockchain-Based Smart Contracts
Nikkei Asian Review reports that North Korea
has accumulated about $670 million worth of cryptocurrencies through
cyberattacks and theft. This is according to a panel of experts reporting to the U.N. Security Council.
The spate of cyberattacks is believed to be a response to the various
sanctions imposed on North Korea from the global community over their nuclear
missile testing. The piece quotes a U.N. panel, who said virtual currencies:
“provide the Democratic People's
Republic of Korea with more ways to evade sanctions, given that they are harder
to trace, can be laundered many times and are independent from government
regulation."
Crypto prime dealer SFOX published their Crypto Volatility
Report via Medium
yesterday. A significant finding from the report is that transactions on
the Bitcoin (BTC) network were at the highest level since
January 2018. A summary from the report lists the following highlights:
●
The
SFOX Multi-Factor Market Index remains at mildly bullish entering March 2019.
●
LTC’s jump in volatility on February 8th and
9th suggests that the market is still keenly interested in privacy technology.
●
Crypto
volatility in February reaffirmed market interest in privacy and ETFs, and
challenged market interest in J.P. Morgan’s new cryptocurrency.
●
Watch
Asia Crypto Week and BTC futures expirations to potentially impact crypto
volatility in March.
U.S. smart contract
security company Quantstamp is expanding to Japan, according to a recent announcement. This follows “significant
investment” from Japanese financial holding company Nomura Holdings and venture
company Digital Garage. Chuzaburo Yagi, Senior Managing Director in charge of
Innovations at Nomura Holdings, Inc., commented:
“As blockchain technology is adopted
in the financial world, smart contracts will play an increasingly important
role. Security assurances through auditing and certification will become
increasingly indispensable. I believe Quantstamp is well positioned to support
this role as they work to secure smart contract technology.”
The U.S. state of
Connecticut has moved to legalize the use of blockchain-based smart contracts
with the filing of a new bill. A section of the bill reads:
No contract relating to a transaction shall
be denied legal effect, validity or enforceability solely because such contract
is executed through a smart contract.
Sam Mowers, Investorideas
Read other editions of the Crypto Corner
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