Hedera Hashgraph Price Debacle, UC Santa Barbara Blockchain Course, Tokai Tokyo Invests in Huobi

TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Hedera Hashgraph price debacle fuels recovery proposal. UC Santa Barbara completes its first blockchain course. Tokai Tokyo invests $5 million in Huobi Japan. Binance introduces credit card binding for crypto purchases. Venezuelan government-backed crypto Petro exchange fails to meet uses expectations, and Greece suspends extradition of former BTC-e operator.

Hedera Hashgraph Price Debacle Fuel Recovery Proposal for Investors

Hedera Hashgraph

Hedera Hashgraph, the company behind the supposed breakthrough technology capable of beating blockchain in scaling, is having price issues with their HBAR token which has declined 90% since September. The company is proposing token investors delay the unlocking of their coins to the market in exchange for token rewards over time. Mance Harmon, CEO of Hedera, declared: “The rate of adoption and demand for [HBAR tokens] to use on the network has not been what we originally expected.”

University of California Completes First Blockchain Course

Hedera Hashgraph

The University of California at Santa Barbara completed its first blockchain and DLT centered course this month. Taught by professor Murat Karaorman and some distinguished personalities, the course was designed to satisfy the interest and demand for academic knowledge about blockchain and its uses in the enterprise world. The knowledge base taught in the course included classes about consensus mechanisms, Bitcoin and Proof of Work, Ethereum Virtual Machine, smart contracts, algorithmic stablecoins, zero-knowledge proofs, and other interesting issues.

Tokai Tokyo Holdings Invests in Huobi

Hedera Hashgraph

Tokai Tokyo, an important Japanese Finance Holdings group, announced a new $4.6 million investment in the Japan wing of Huobi, an important cryptocurrency exchange. In a press release Tokai Tokyo recognized the importance of decentralized technologies, and explained how this deal will help them “promote new businesses in the areas of crypto asset exchange, new financing schemes such as Initial Exchange Offerings (IEO), local currency issuance, and storage and management service associated with crypto assets.”

Binance Offers Credit Card Binding for Crypto Purchases

Binance, the most important cryptocurrency exchange by trading volume, introduced cryptocurrency purchases with credit cards directly on its platform. Now, users wanting to purchase cryptocurrency will have the possibility of binding their credit cards to their Binance account to easily exchange euros or British pounds to XRP, ETH, BNB and BTC. The service is limited to customers in countries of the European Economic Area, and only Visa credit and Debit cards are being accepted.

Venezuelan Government Petro Exchange Fails to Meet Expectations

The Motherland Platform, the new Venezuelan government-owned Petro exchange created last week to help issue the nationwide Petro airdrop, failed to meet the exchanging expectation of the people. According to reports, users wanting to exchange their petros for fiat currency found little or no demand for the cryptocurrency asset airdropped to the Venezuelan state workers and pensioners. Users have opted to spend their half petro using Biopago, a fingerprint authenticated POS system, to purchase goods in selected stores.

Greece Suspends Extradition of Former BTC-e Operator

The Greek government suspended the extradition of Alexander Vinnik, the former operator of BTC-e, a cryptocurrency exchange involved in money laundering schemes and exchange hacks (among alleged other crimes). Vinnik was set to be extradited to France, where he will be judged for other crimes related to BTC-e. Vinnik was on a hunger strike that lasted 88 days to protest this decision. The destiny of the man is now uncertain, but his defense and the Russian government are requesting his extradition to Russia where he will face fraud charges.

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