North Korea to Hold Its Second Crypto Conference, Telegraphing Openness
North Korea, which is believed to be using cryptocurrencies to finance weapons of mass destruction, will be holding its second cryptocurrency and blockchain conference next February.
The event follows the first conference, in April 2019, which attracted 100 people. It was declared a success by the North Koreans, and a larger second conference was promised.
The 2020 event is being sponsored by the Spanish Korean Friendship Association and organized by the North’s Committee for Cultural Relations with Foreign Countries. According to the conference’s official website, “top ten market cap cryptocurrencies” are assisting on the technical side, though it is not clear from the announcement what that means exactly.
As was the case in the first conference, restrictions appear to be liberalized. U.S. citizens are again welcome, and digital devices can be brought in for the conference. Internet access will be available.
The conference will run from Feb. 24-25 and be held at the Pyongyang Science and Technology Complex, a bizarre atom-shaped structure opened by Kim Jong-un in 2016. On the 26th, private business meetings may be arranged.
North Korea has been accused of stealing about $2 billion worth of crypto currencies and using them to support its weapons development. South Korean and Japanese exchanges have been identified as targets, with phishing being utilized to hack into user accounts.
More generally, the borderless nature of crypto has raised concerns that the North may use coins to get around international restrictions on trade and financial exchanges.
In addition to possibly helping the North achieve crypto advances, the conference may also have propaganda value, both telegraphing a sense of openness while also sending a warning to the West.
On a less obviously sinister level, conferences are a roundabout way for North Korea to boost tourism, and the 2020 crypto event includes an extensive travel itinerary, with everything from a tour of the Tower of Juche Idea to a two-day ski trip.
Image via Shutterstock.
If reproduced, please indicate the source: https://www.uucj.net/north-korea-to-hold-its-second-crypto-conference-telegraphing-openness/
China’s securities regulators has urged Beijing authorities to carry out relevant actions aimed at preventing the usage of cryptocurrencies by the public. In a Dec. 27 announcement on the China Securities Regulatory Commission (CSRC) website pointed out the risks of the resurgence of digital currencies, such as the escalation of crypto trading activities, digital currency mortgage provision and introduction of zero-interest loans, as well as serious violations of the People’s Bank of China (PBoC) provisions. Signatory to the announcement were four Beijing-local regulators. To address risks, the regulators issued a warning and called local authorities to combat cryptocurrency-related illegal activities in Beijing. The warning reiterated the Chinese government’s negative stance towards cryptocurrencies, stating that both legal entities and individuals cannot carry out virtual currency sales, investments or transactions, nor engage domestic or foreign agents to trade cryptocurrencies. China’s crackdown on crypto Recently, the PBoC enhanced its crackdown on cryptocurrency-related operations in the country. In a statement on Nov. 21, the bank warned that it was taking action against entities involved in trading cryptocurrencies like Bitcoin (BTC), which hit the crypto…Dec 27, 2019
Hong Kong may soon bolster its policing of the cryptocurrency sector to better conform with international anti-money-laundering norms, Financial Secretary Paul Chan said in his annual budget speech Wednesday. ,Feb 27, 2020
Bitcoin (BTC)-supporting payments service Square Crypto is giving the first of what will be many grants to support open-source Bitcoin projects to BTCPay Foundation. BTCPay receives $100,000 grant On Sept. 14, Square Crypto, the crypto-focused branch of mobile payment company Square, took to Twitter to announce that it is providing BTCPay Foundation with a grant of $100,000 to support BTCPay Server, an open-source cryptocurrency payment processor. BTCPay Server can allocate the funds to create anything, “as long as it’s free and open-source software that improves the security, scalability, privacy, user experience, or fungibility of Bitcoin — or all of the above.” The Square Crypto team added: “BTCPay represents everything we love about open-source bitcoin projects. It exemplifies the ideals of our community and promotes adoption by letting merchants accept bitcoin, control their private keys, and self-validate their coins. It also creates powerful real world applications for bitcoin without sacrificing user experience or requiring trusted third parties.” Square Crypto went on to explain why they are giving a “bunch of money” to BTCPay Server, a product that appears to be in…Sep 14, 2019
Typically, when fans and social media are being highly critical of a professional sports league, at the center of the discussion is usually the NFL. But not this time. This time, the recipient of all the backlash is the socially aware NBA. It appears that a league that has prided itself at being at the forefront of the social justice movement and free speech doesn’t mean it. What Happened? It’s all social media’s fault. If people couldn’t share their thoughts with such ease with the millions and millions of people on Twitter around the world—this whole mess never would have happened. As for the issue at hand…. Houston Rockets general manager Daryl Morey recently sent a tweet out into the Twitter-verse expressing support for the people of Hong Kong.As could be expected, his tweet did not go over well in China, where the NBA is trying hard to grow its fan base. Chinese officials expressed their displeasure to the league, canceled events, and suspended any dealings with the Rockets. It’s when the NBA responded that people began to get upset….Oct 8, 2019
The Jets didn’t discipline Le’Veon Bell for bowling while sick. The Heat, meanwhile, suspended Dion Waiters 10 games for something similar. New York needs to take a page out of Miami‘s culture and accountability playbook. Le’Veon Bell’s debut campaign with the New York Jets hasn’t exactly gone as expected. But even amid season-long struggles, both parties could take solace from the fact that the air of controversy surrounding Bell’s exit from the Pittsburgh Steelers has been mostly absent throughout 2019. Well, until last week, at least, when Bell went out bowling with family and friends the night before an illness sidelined him in New York‘s 22-21 win over the Miami Dolphins. Perhaps making matters worse, the Jets levied no discipline against him even after the news was made public. A healthy Bell performed admirably in the Jets’ subsequent loss to the Baltimore Ravens last Thursday. Regardless, New York‘s tacit endorsement of his flagrant disregard for optics speaks to a bigger cultural issue within the team – especially in the wake of a similar situation in the NBA. Dion Waiters’ Demise…Dec 17, 2019
The CEO of cryptocurrency exchange Binance has vowed to sue industry media outlet The Block over alleged false reporting. In an ongoing Twitter exchange on Nov. 22, Changpeng Zhao, known as CZ in crypto circles, promised to take legal action over an article that claimed Binance’s Shanghai office was receiving attention from Chinese police. CZ to The Block: “Own up and apologize” “We will be suing them,” he wrote in one tweet. The offending piece originally surfaced on Friday and was part of multiple reports of a fresh crypto clampdown by China. At the same time, Bitcoin (BTC) slid to below $7,000. The Block initially made its claims under the headline “Binance‘s Shanghai office shut down following visit by authorities, sources say.” After a wide backlash over the factual accuracy of the article, during which CZ demanded the publication “apologize” but ruled out court action, The Block released a follow-up piece defending its stance. This appeared to inflame tensions further, leading CZ to change his mind on the issue, which he originally said would be “a bit too much trouble…Nov 23, 2019
Although we privilege gold and silver over cryptocurrencies for the very reason that the metals, as sound assets, have stood the test of time, we nevertheless pay attention to cryptomarkets for another important reason: they stand as “new” measures of mass discontent and resistance toward government and central bank monetary policies. A strange techno-synthetic “ally” to gold and silver, cryptomarkets stand as a private free-market alternative to the monopolized space in which fiat money practically does government’s bidding at the expense of the individual using it. Last week’s Fed rake hike caused a steep plunge in bitcoin and cryptocurrency prices…only to be recovered in less than a day. Upon the announcement of Yellen’s second rate hike this year, bitcoin plunged 15% while ethereum and other digital currencies plunged an average of 25%. Within 18 hours, bitcoin, the largest and most popular of them all, recovered its price. Other digital currencies soon followed suit. What does this reaction tell us? It tells us that a large number of investors are now considering bitcoin and other cryptocurrencies as forms of safe…Nov 23, 2019
The shooting took place at Penn Square Mall. The incident began as a disturbance between two individuals that left one of them shot in the chest, according to police. Among the players in attendance for the private movie screening was center Steven Adams. Members of the Oklahoma City Thunder were attending a private movie screening at a local mall on Thursday when shots were fired at a nearby shoe store. Team security was onsite and immediately made aware of the situation. A team spokesman later told The Athletic’s Erik Horne that the Thunder players were never in danger. Source: Twitter Isolated Incident The shooting took place at Penn Square Mall, located at the intersection of Oklahoma City’s Pennsylvania Ave. and Northwest Expressway, near Interstate 44. The incident began as a disturbance between two individuals that left one of them shot in the chest, according to police. The mall was placed in lockdown almost immediately after the shooting, with patrons and employees leaving the area or sheltering in place. Later, local ABC affiliate KOCO obtained video of the fight that may…Dec 20, 2019
The year 2019 has been good to the cryptocurrency gambling industry, thanks to an increasing number of savvy internet users choosing the crypto-based online gaming platforms over conventional fiat-based gaming counterparts. The shift in trend is further fueled by the rising awareness about cryptocurrencies and their advantages, combined with access to faster internet connectivity and smartphone penetration across the globe. In addition to the obvious reasons, a recent report indicates a changing trend among the online gambling platforms when it comes to establishing a strong online presence. The platforms have started to expand their customer base by connecting with users on social media like Facebook, Instagram and YouTube, which has allowed them to reach out to more people across the world. The global reach combined with support for cryptocurrencies allows them to cater to people from across geographies without having to worry about region-specific banking and legal restrictions which are generally applicable to gambling-related fiat payments. Also, cryptocurrency payments enable secure transactions with quick deposit and withdrawal options. Currently, there are a number of cryptocurrency casinos in the world where…Jan 2, 2020
Bitcoin (BTC) has now started to decline after a liquidity hunt above $7,400. We pointed to this well before it happened and warned against being bullish at that point. Now the price ended up rallying as high as 7522 before it started to decline erasing that whole move to the upside. As long as the price remains above the 7189 level there’s still the possibility of another liquidity hunt considering BTC/USD did not test the 38.2% fib retracement level yesterday. It is pertinent to note that the price does not have to touch that level again but a rejection at that level would have provided further much needed confirmation regarding the next downtrend. Bitcoin is now at risk of a significant sell-off if the bulls fail to save the price from falling below $7,300. Bitcoin (BTC) closed the week above the 100-week exponential moving average for the fifth consecutive time. This has had quite an impact on sentiment as the fear and greed index is up three points from yesterday. It is still in the fear territory but if the price remains above the $7300…Dec 30, 2019