Anonymous Crypto Operations: Is North Korea Trying to Fool the US?

is korea trying to bypass the us

We have recently reported that the Kaspersky Lab antivirus detected a hacker attack coming from North Korea aimed at the crypto exchange, which immediately made it clear that the “life” of blockchain and cryptocurrency in Korea is developing rapidly.

Financial analysts, Lourdes Miranda and Ross Delston, said in an interview with the Asian Times that Pyongyang could not only trade cryptocurrencies on foreign exchanges, but also create its own virtual currency. The question is only how do American sanctions affect such trading?

And the answer is – they don’t. Lourdes says that North Korea uses many different foreign crypto exchanges and other financial institutions that have proper relations with the States. Moreover, the couple is confident that the DPRK can create its own blockchain, where all transactions will be monitored to show that money comes from “legitimate sources”. But according to the analysts, Pyongyang, in fact, mines cryptocurrency, creates its own online wallets, sends cryptocurrencies to European online wallets that do not suffer from US sanctions, the exchange is carried out, the assets are withdrawn and voila – the DPRK anonymously receives dollars bypassing the US.

We remind you:

The First Ever Blockchain Conference Will Be Held in North Korea

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OKEx Adds 4 Stablebcoins To Its Listing

A well-known cryptocurrency exchange OKEx announced the support of four stablecoins on its official Twitter account, namely: TrueUSD, USD // Coin, Gemini Dollar and Paxos Standard Token.

Starting from October 15, the platform users will be able to make deposits with these assets. Bidding will start the next day. Tokens will be traded not only in pairs with BTC, but also with Tether.

We also remind, an Internet giant GMO Internet announced the release of its own stablecoin, which will be backed by yen:

Japanese Internet Giant Launches Its Own Yen-Pegged Stablecoin

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Donald Trump’s Ex-Counsel Became an Advisor of a Blockchain Startup

Trump's assistant became an adviser of a blockchain project

Gary Cohn, a former economic policy advisor of the US President Donald Trump, has become an advisor of the project Spring Labs.

The banker worked at the investment and financial holding Goldman Sachs Group for more than 25 years, he served as a President and Chief Operating Officer. In 2017-2018, he was an assistant of the current President of the United States.

I have been very interested in blockchain technology for a number of years, and Spring Labs is developing a network that could have profound implications for the financial services sector, among others,” said Cohn. “I am excited to actively support the Spring Labs team in the development of this important business and network.”

The other Spring Labs advisors are:

  • the former chairman of the Federal Deposit Insurance Corporation of the United States (FDIC), Sheila Bair;
  • Nigel Morris, the co-founder and former [resident of Capital One banking holding company;
  • the chief lawyer of the crypto exchange Coinbase, Brian Brooks.

We remind you:

Ex-Counsel of Trump Predicts the Emergence of a New Global Cryptocurrency

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Vitalik Buterin Find the Term “Smart Contracts” Not Quite Appropriate

buterin doesn't like the name of smart contracts

The technology of smart contracts is undoubtedly an essential part of the Ethereum protocol. However, Vitalik Buterin now regrets having chosen such a name for his creation. Buterin believes that his word choice should have been more technical and “boring” in order to display the full potential of the technology.

Such a comment was caused by the statement of a Twitter user which said that the word “contract” sounds way too legal, whereas crypto should stay away from governmental regulation.

Recently, the founder of Ethereum has encountered a lot of criticism regarding the issue of decentralization.

We remind you:

Vitalik Buterin Has Been Attacked By Roubini

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A Group of Investors Bought the Crypto Exchange Bithumb

bithumb was sold

As mentioned in the Korean news media, an association of major Singaporean investors BK Global Consortium is now the rightful owner of one of the largest Korean digital asset exchanges, Bithumb.

One of the Consortium members previously used to own a big amount of company’s shares. He has also invested in multiple blockchain-based projects in Singapore.

In the future, the new management of Bithumb is going to proceed with its plan to launch a decentralized branch and is also considering the creation of their own stablecoin.

We remind you:

Bithumb Is Going to Open Up a Decentralized Cryptocurrency Exchange

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Cryptocurrency Prices Today, October 15: Cryptocurrencies Are Growing

crypto prices

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) added 4.21% over the past 24 hours. The price at the time of writing is $6589 per coin.

Cryptocurrencies are in a stable green zone:

Bitcoin Cash added 3.47% over the past 24 hours and costs $462 per coin;

Ripple grew by 6.13% and costs $0.44;

EOS gained 3.55%, and its price is $5.43;

Litecoin increased by 2.15%, and its value is $54;

Cardano added 1.62%, and its cost is $0.074;

Stellar became more expensive by 3.02% and is $0.22 in price;

IOTA added 1.72%, and its cost is $0.58;

Dash gained 2.67%, and its price is $164;

Monero grew by 2.96% and is $105 in value.

Over the past 24 hours, Ethereum added 4.45%. The cost of the coin is $209.

The total market capitalization is $211 billion. Bitcoin accounts for 54.2% of the total. In monetary terms, it is $114 billion.

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