Reserve Bank of Australia Digital Dollar, Justin Sun YouTube, New York State Crypto Business Tax

TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. The Reserve Bank of Australia researches a digital dollar. Justin Sun launches his YouTube channel. New York state crypto businesses could pay for regulation costs. Interpol operation reduces 78% of cryptojacking in Southeast Asia. A sardine backed cryptocurrency will be launched this year, and the Miami Bitcoin Hackathon 2020 will be happening next week.

Reserve Bank of Australia Researching Digital Dollar

Reserve Bank

The Reserve Bank of Australia (RBA) is researching the use of a central bank digital currency (CBDC) for wholesale settlements using an Ethereum permissioned network, issuing tokens and simulating settlements, according to a submission sent to the Australian Senate. Despite this, the Reserve Bank of Australia has stated that there is not a case for a currency of this kind for public use because “there would be little demand by households for such an asset, given that they already have good access to digital money.”

Justin Sun Launches YouTube Channel

Justin Sun, founder and CEO of TRON, the smart contract enabled cryptocurrency, announced he has launched his own YouTube Channel. Sun declared he was hoping for the best but preparing for the worst, in reference of the recent acquisition of DLive, a decentralized, blockchain-based video streaming platform. However, Sun also recognized YouTube is needed to achieve mass adoption, even with the recent cryptocurrency content ban the platform recognized as a mistake.

NY State Crypto Businesses to be Taxed for its own Regulation

Reserve Bank

A new regulation proposal introduced by New York Governor Andrew Cuomo could force cryptocurrency businesses to pay for their own regulation costs. The amendment, proposed by Cuomo, would force every business operating under the Financial Services Law to pay assessments to the New York Department of Financial Services, the institution in charge of issuing the BitLicense needed by crypto businesses to operate in the state. If approved, the operative costs would increase for crypto-related companies in the state.

Interpol Intervention Reduces Cryptojacking 78% in Southeast Asia

Reserve Bank

Interpol, the international crime-fighting organization, reported cryptojacking has been reduced 78% as a result of a campaign carried out by the organization in Southeast Asia. The operation, Goldfish Alpha, identified more than 200,000 hacked routers in a coordinated response to patch the vulnerabilities. Operation Goldfish Alpha also contributed to increasing awareness about the existence of these kinds of crimes and how infections can be treated by law enforcement agencies.

A Stablecoin Backed by Sardines Will be Launched This Year

SardineCoin, a stablecoin backed by vintage sardines, will be launched this year. Qualified by some as an early April’s Fools joke (its ICO ends in April 1st), the reality is that, according to an article by CoinDesk, at least the sardines are real. MySardines exhibited the vintage sardines and cards to the ones present in their booth at CES 2020, the technology show. Jerome Grandidier, founder of MySardines, declared they decided to use sardines to back the coin because it was “fun and the regulator was not afraid of sardines.”

Miami Bitcoin Hackathon Starts Next Week

The sixth Miami Bitcoin Hackathon, a traditional programming contest that encourages innovation in Bitcoin, will be held the next week at The Bitcoin Center Miami. Programmers will have three days to present and code a revolutionary idea including the concept of Bitcoin and its application in any field. Supporters of any fork of Bitcoin will have the opportunity of participating and presenting their projects. First Place will be rewarded with 1 BTC.

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