Home ICYMI Algo Capital CTO Hacked for $2 Million, Walmart's Shrimp Blockchain, BTC Block...

Algo Capital CTO Hacked for $2 Million, Walmart’s Shrimp Blockchain, BTC Block Size “Too Big”

TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Algo Capital CTO phone hacked, $2 million stolen. Walmart to track Indian shrimp with blockchain. Blockstream CSO says BTC blocksize might be “too big.” Blue Compass now takes cryptocurrency donations. Traki, a department store, installs the second Bitcoin ATM in Venezuela, and German Finance Minister talks positively about a digital euro.

Algo Capital CTO Phone Hacked, $2 Million Stolen

Algo Capital

The phone of Algo Capital CTO Pablo Yabo was apparently hacked, causing losses of $2 million to the company. Yabo claims a breach of his phone was somehow made, and hackers took control of a hot wallet he personally administered, swiping both tether and his company’s own token, ALGO. The incident also seems to have forced his resignation from the blockchain company, along with having to refund some of the lost money.

Walmart Tracking Shrimp Chain Blockchain

Algo Capital

Walmart will start a pilot test to use blockchain to enhance the traceability of Indian shrimp exports. Walmart seeks to improve the information flow, and have clear and immutable reports to track Indian shrimp from its place of origin through transportation phases until final packaging. The pilot will be using IBM Food Trust network, which claims to offer customers a clear log of a product’s complete logistical journey.

Blockstream CSO: Current BTC Blocksize “Too Big”

Algo Capital

Samson Mow, CSO of Blockstream, the company behind Liquid Network, declared in an interview with Decrypt that the current BTC blocksize might be too big. Mow mused, regarding scaling issues, how the “current block size may actually be too big,” clarifying bitcoin was “okay with dealing with capacity” in the shorter term.

Blue Compass Japan Now Takes Cryptocurrency Donations

Blue Compass, and organization dedicated to the promotion of local charities “to be loved by people all over the world,” started taking donations in Bitcoin and Bitcoin Cash (BCH). BCH enthusiast Akane Yokoo explained the outfit previously only accepted PayPal, bank transfers, and credit cards. She also claimed, “after chatting about how cryptocurrency is better for charity (especially #BitcoinCash for its extremely cheap fees), they agreed and added it immediately.”

Traki Installs Bitcoin ATM In Venezuela

Traki, the biggest department store in Venezuela, installed a Bitcoin ATM in one of their stores located in Caracas, the capital of the country. Partnering with a local exchange platform called VEINTE, the ATM takes US dollars in cash and exchanges it for BTC and Dash. This ATM is actually the second one installed in the country, the first one having been installed days ago in a Venezuelan border town called San Antonio, as reported by CoinSpice.

German Finance Minister All-In For Digital Euro

The German Finance Minister, Olaf Scholz, declared he would be in favor of issuing a digital euro to protect themselves from Libra-like endeavors. Scholz said during an interview given to a local magazine that “such a payment system would be good for financial center Europe and its integration into the world financial system. We should not leave the field to China, Russia, the US or any private providers.”

Algo CapitalCONTINUE THE SPICE and check out our piping hot VIDEOS. Our podcast, The CoinSpice Podcast, has amazing guests. Follow CoinSpice on Twitter. Join our Telegram feed to make sure you never miss a post. Drop some BCH at the merch shop — we’ve got some spicy shirts for men and women. Don’t forget to help spread the word about CoinSpice on social media.

DYOR: CoinSpice is your home for just spicy crypto things. We’re not affiliated with any cryptocurrency project or token. Each published piece is intended for information purposes only, not investment advice and not in the hope of impacting speculative markets. There are plenty of trading sites and coin-specific advocacy journals out there, we’re neither. CoinSpice strives for rigorous accuracy in our reporting. Information presented here is contingent usually on a host of factors, and the ecosystem moves fast — prices change, projects change, and at warp speed. Do your own research.