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

Scientists Find a Way to Break Plastic Down Into Useful Chemicals With Light
It Looks Like That ‘Impossible’ Black Hole We Just Found Was Actually an Error
Fires in Australia Just Pushed Sydney’s Air Quality 12 Times Above ‘Hazardous’ Levels
There’s a Reason Whales Have Never Grown Any More Massive Than They Are Now
The Oldest Story We’ve Ever Found Shows Supernatural Figures on The Hunt

Leave a Reply

Your email address will not be published.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