TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. North Korea funded WMD program with crypto heists. Bitcoin hash rate reaches record levels. MasterCard could be developing its own crypto wallet. IBM will launch DLT supply management tool. Samsung platform now has 17 different dApps, and Coinbase explores adding 8 new cryptocurrencies.
North Korea Funded WMD Program with Crypto Heists
A confidential report from the UN revealed North Korea used its sophisticated cyber-war apparatus to attack bank and cryptocurrency exchanges with the objective of funding their WMD program. The report states these activities were detected in “35 reported instances of North Korea actors attacking financial institutions, cryptocurrency exchanges and mining activity designed to earn foreign currency.” The total amount North Korea managed to steal, launder, and inject into these programs in an estimated $2 billion.
Bitcoin Hash Rate Reaches Record Levels
The Bitcoin hash rate (the total work in the network to secure the blockchain) reached record levels during the latest price hike, as miners run to invest in new machines to take advantage of the bullish momentum the market experiences. BTC.TOP, a mining pool manager, claimed the network went from 71.43 quintillion hashes per second (EH/s), up from 64.49EH/s, more than 10%. This in part could come from new mining equipment or also from old hardware made profitable again by rising rewards.
MasterCard Searching for Cryptocurrency and Blockchain Experts
MasterCard is looking for blockchain and cryptocurrency experts, reportedly with the intention of developing its own cryptocurrency wallet. The company posted three new job ads (Director, Product Management – Crypto Currency/ Wallets) one of them including the subject of “development of innovative crypto currency solutions including wallet solutions” in its description.
IBM to Launch Blockchain-Based Supply Chain Management Network
IBM, one of the companies that moved part of its business to DLT tech, will launch a blockchain-based supply chain management network in partnership with other companies. The network, called Trust Your Supplier, will change the way suppliers are on-boarded by stores, reducing the time it takes by 80%. Cisco, GlaxoSmithKline, Lenovo, Nokia, and Vodafone are other founding members of the initiative, hoping to will onboard 4,000 of IBM’s own suppliers in the coming months.
Samsung Blockchain Keystore Market Has 17 dApps
Samsung is now featuring 17 dApps in their store. Initially starting with just 4 dApps released earlier this year with their latest flagship, the Galaxy S10, the platform has grown to include new lifestyle and social network dApps, making Samsung the first mobile phone manufacturer to officially launch a dApp store. Samsung also has a crypto wallet that only accepts Ethereum and Ethereum-based tokens.
Coinbase Explores Adding New Cryptocurrencies
Coinbase is considering a number of cryptocurrencies for its platform roster. According to a blog post on their Medium account, they are exploring the addition of 8 new cryptoassets to the exchange: Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology, and Waves. These assets will be first tested for compliance and for regulatory approval before being added, and Coinbase “cannot guarantee whether or when any above-listed asset will be listed on a Coinbase product in any jurisdiction,” they stressed.
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