North Korea is in Blockchain fever


North Korea is in Blockchain fever…

And is developing its own cryptocurrency.

North Korean tanks at a 2018 parade celebrating the 70th anniversary of the country’s founding. Photo: Ng Han Guan (AP)

North Korea threw a first-ever blockchain and cryptocurrency conference in April. The project is in its initial stages but North Korea’s new cryptocurrency will be more like bitcoin or other cryptocurrencies.

We are still in the very early stages in the creation of the token. Now we are in the phase of studying the goods that will give value to it,” said Cao de Benos.

North Korea’s Embassy to the U.N. in New York would neither confirm nor deny Cao de Benos’s claim. “I am not in a position to give you an answer,” an embassy spokesperson said before hanging up.

Cao de Benos also asserted that “big names” in fields like education, medicine, and finance have signed contracts with the North Korean government during the April conference, but that none of them have been announced “due to sanctions and fake news.” If Cao de Benos is not spreading his own fake news, possible partners include firms in Russia and China.

As Vice noted, in 2017 the North Korean government launched a crash course in crypto at Pyongyang University of Science and Technology, worrying some experts who have noted its alleged involvement in cyberattacks on crypto exchanges to pad its coffers.

In any case, a few points of advice for North Korea if it does delve into crypto: Definitely sink your entire life savings into it, remember that it only ever goes up in value, and if all else fails, repeat the phrase “This is good for [the North Korean] bitcoin” over and over and over. Source 1, Source 2

Follow us: Facebook and Twitter. By the way you can also support us on Paypal. Please and thank you!





Source link

Products You May Like

Articles You May Like

This Toxic Australian Plant Injects Scorpion-Like Venom. The Pain Can Last For Days
Dust Determined The Early Rise of Human Civilisations More Than You’d Suspect
Vast DNA Analysis of Hundreds of Vikings Reveals They Weren’t Who We Thought
Scientists Identify at Least 11 Fish Species That May Be Capable of Walking on Land
Protector of Brazil’s Indigenous Groups Fatally Shot With Arrow by Isolated Tribe

Leave a Reply

Your email address will not be published. Required fields are marked *