₿itcoin News and Finance: What You Need to Know

South Korean law enforcement recently announced the arrest of a serving military captain and an operator of a cryptocurrency exchange on charges of spying for a North Korean hacker. In return for the acts of espionage, the two South Korean individuals were allegedly paid bitcoins worth a total of $637,789. South Korea’s Joint Command and Control Targeted Two South Korean citizens, a businessman running a crypto asset management firm and a serving captain of the country’s army, were arrested on suspicion of passing military secrets to a North Korean hacker. In exchange for passing on the sensitive information, the individuals were allegedly paid in bitcoin worth $600,000 and $37,789, respectively. In an AFP report , South Korean law enforcement is quoted stating that the arrest was the first time a civilian and an active-duty military captain have been caught spying for North Korea. With respect to the captain, whose name has not been identified, the country’s authorities said the i...

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The Ugandan central bank has warned licensed entities and the public against facilitating crypto-related transactions as well as the practice of converting cryptocurrency into mobile money and vice versa. The central bank warned it will not hesitate to act against entities found to be in breach of the country’s laws. No Entity Issued License to Trade Cryptos The central bank in Uganda recently issued a statement reminding the public that no business is licensed to offer or facilitate cryptocurrency-related services. The statement warned licensed entities to end the practice of converting crypto to mobile money and vice versa. According to a report in the Monitor, the warning — which came from Andrew Kawere, the director of payments at the Bank of Uganda (BOU) — comes less than three years after the country’s finance minister Matia Kasaija made similar remarks. In the report, Kawere is quoted reiterating the central bank’s position. He said: “Bank of Uganda has noted press reports ...

On May 2, 2022, a report stemming from the broadcast television and radio network the National Broadcasting Company (NBC), 100,000 Cubans are leveraging crypto assets. The report says increased crypto usage is due to the fact that Cubans cannot use certain payment vehicles due to the sanctions placed on Cuba by the United States. 100,000 Cubans Bypass Payment Bans via Crypto NBC has published a video report that indicates roughly 100,000 Cubans are using digital currencies like bitcoin. For instance, one particular Cuban cafe owner, Nelson Rodriguez, who accepts bitcoin and ethereum, was interviewed by the NBC news team. He explained that he “believes in the philosophy” behind crypto assets. While showing a number of antique cars still driven by Cubans today, the NBC reporter further says Cubans are embracing the future. 100,000 Cubans using crypto assets is largely due to the increased internet performance during the last three years, the report claims. Another Cuban entrepreneur...

Reggie Fils-Aimé, the former president of Nintendo of America, has offered his take on blockchain and play to earn models when applied to the gaming industry. The executive declared that he was a big believer in blockchain technology, and that players investing their time in games should be able to monetize whatever items they had gained. Former Nintendo President Believes Blockchain Elements Can Be Used in Gaming While the opinion of blockchain and play-to-earn technologies is still negative among traditional gamers, some veterans of the gaming industry seem to be taking these elements in a more serious way. This is the case of Reggie Fils-Aimé, an executive that was President of Nintendo of America from 2006 to 2019 when he announced his retirement. Fils-Aimé was very clear about his opinion on the role that these new technologies could play in gaming, and in a recent panel at SXSW, he stated : I’m a believer in blockchain. I think blockchain as a technology is really compelli...