The Crypto Basic

The gaming company Nexon, the daughter of the South Korean investment firm NXC, has signed an agreement with the management of the Bithumb cryptocurrency exchange to buy the platform for $460 million.

According to local newspaper Maekyung, earlier this month Nexon began the procedure of buying 65% of the shares of the Bithumb exchange. According to the publication, the firm has agreed to sell shares with the largest shareholder of Bithumb Holdings – Vidente.

In case of successful completion of the transaction, NXC will become the owner of the Bithumb crypto exchange. Earlier, NXC through another subsidiary NXMN acquired the Bitstamp exchange, and in September 2017, the Korbit platform was purchased for $80 million.

Back in September 2020, it was reported that the owners of Bithumb are looking for a buyer for the site. As the crypto platform had problems with law enforcement agencies because the board chairman of the company Lee Jung-hoon was accused of fraudulent sale of Bithumb tokens called BXA worth $25 million.

The development of the state-owned Chinese cryptocurrency continues – photos of a hardware wallet for the digital yuan that does not require a smartphone have appeared on the Network.

Despite rapid economic development, about 40% of the Chinese population still does not use smartphones. That is, about 700 million people will not be able to use state cryptocurrency features that are available on smart phones. For such people, a self-sufficient hardware wallet in the form of a credit card is designed.

The hardware wallet, which was tested in Shanghai, is a credit card-style device with a monochrome liquid crystal screen in the upper-right corner. It displays the transaction amount, available balance, and some details about the transaction.

Dr. Yu Yiming from a hospital in Shanghai used his new wallet to pay for lunch in the hospital cafeteria said:

This is my first time using digital yuan for shopping. The system seemed very convenient to me, especially since I can see the balance on the screen. It’s very soothing.

The most popular comment on the Chinese social network Weibo.

And what, now everyone will see that I have very little money.

Flex Yang, CEO of Hong Kong-based Babel Finance said:

A hardware wallet for the digital yuan will help to include people who previously did not have access to banking services in the financial system. It will also help the economy recover from the COVID-19 pandemic.

It should be noted that today, a new stage of testing the digital Yuan began in Shenzhen. Residents of the city were given 20 million digital yuan as part of a free lottery, which at the current exchange rate is about $3 million. They can spend money at 10,000 points around the city.

The Dash Core Group has announced new Updates that will renew the project from the ground up. Dash is to become a decentralized Cloud storage based on Blockchain technology.

The Dash Core Group (DCG) has announced the release of the Dash platform v0. 17 for the Testnet on 30 December 2020. It is intended to be an Alternative to Cloud storage applications such as Amazon Web Services or Google Cloud. In contrast to the services of Google and Amazon, Dash’s focus is on ensuring that user data is stored securely and not monetized for advertising profits. For this reason, the DCG expects some of the new Upgrade.

The DCG believes that the Upgrade is one of the most important steps in achieving the mission of the project. Over time, the v0.17 platform will enable developers and companies to offer financial solutions that are secure, reliable, decentralized and usable for everyone.

In addition the new protocol Update also includes new features for full-light Clients and the DashPay App. In addition, DashPay will move into the public Alpha testing phase and will be integrated with the Dash platform.

New Roadmap for DASH

DCG plans to publish detailed plans for the mainnet Roadmap later this month. The Roadmap is intended to inform about how much work remains to be done for the mainnet release of the Dash Platform Protocol v0.17 and when the protocol will be made fully accessible to the Mainstream.

Read More On Dash Blog

https://blog.dash.org/release-announcement-dash-platform-v0-17-dashpay-on-testnet-13a85225902e

The Ministry of Digital Transformation of Ukraine has signed a memorandum with the Stellar Development Foundation for the development of the digital asset industry and the development of the Ukraine Central Bank’s cryptocurrency.

The cooperation of the Government of Ukraine with Stellar is aimed for the further development of cryptocurrencies. The memorandum also includes support for projects working with digital assets, the introduction of stable coins and their regulation, as well as the development of the state digital currency of the National Bank of Ukraine (NBU).

Deputy Minister of Digital Transformation of Ukraine Alexander Bornyakov explained that the partnership with Stellar will allow making effective decisions for the development of the entire ecosystem of digital assets in Ukraine. Bornyakov added that by doing so, the ministry integrates the best practices of Switzerland, the United Kingdom, Malta, Liechtenstein and the United States, where the cryptocurrency industry is quite developed.

“Startups, cryptocurrency companies and financial institutions always need a secure legal environment for doing business. The Ministry of Digital Transformation of Ukraine is working on creating a framework that will form a transparent and stable regulatory environment for firms working in the field of blockchain and cryptocurrencies,” Bornyakov said.

Denelle Dixon, CEO of the Stellar Development Foundation, said that cryptocurrencies and government digital currencies are important innovations in modern reality. Therefore, the Stellar team is happy to contribute to the development of the Ukrainian digital asset infrastructure. Dixon expressed her willingness to work together with other stakeholders to implement Stellar-based tools, as well as to provide services to individuals and legal entities in Ukraine.

The National Bank of Ukraine is studying the possibility of issuing its own digital currency from 2017. The regulator is conducting research on how the Central Bank’s cryptocurrency can be useful and how it can affect the country’s monetary policy and financial stability. Earlier, the NBU experts came to the conclusion that the digital assets can harm the traditional banking system, reducing the amount of paper money in circulation. However, now Ukraine’s cooperation with Stellar is aimed at introducing a state-owned cryptocurrency and working out clear rules for digital assets.