TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. United Nations needs blockchain, says Secretary General. IOTA network stops for 15 hours due to minor bug. Coinbase releases higher studies report. Huobi establishes a Party Committee in China. Cryptophyl reveals record SLP trade volumes, and an Indian government institute seeks to offer blockchain training courses.
United Nations Needs Blockchain
The Secretary General of the United Nations referred to blockchain as a needed technology to achieve better results to fulfill their proposed goals. António Guterres, Secretary General of the United Nations, said to Forbes in a statement that “for the United Nations to deliver better on our mandate in the digital age, we need to embrace technologies like blockchain that can help accelerate the achievement of Sustainable Development Goals.”
IOTA Network Stopped for 15 Hours
— Vrom (@Vrom14286662) December 29, 2019
IOTA, a distributed system focused on the interchange of value and collaboration for the Internet of things, experienced a 15-hour downtime due to a bug, qualified as minor by one of their co-founders, David Sønstebø. The problem was caused by a problem in the central Coordinator that failed to confirm the transactions made, causing the whole network to stop. The Coordinator, a single point of failure for the IOTA network, is set to be removed and replaced next year with a tech called the Coordicide.
Coinbase Report Finds Top Universities Offer Blockchain Courses
The second Coinbase annual report on Higher Education, tracking progress of blockchain in higher studies institutions, found 56% of the world’s best 50 universities are offering at least one blockchain-based course, up from 42% last year. Also, twice the number of students have reported taking blockchain classes compared to 2018.
Huobi Establishes a Communist Party Committee
Huobi, one of the most important cryptocurrency exchanges in the world, established a Communist Party committee, complying with the Communist Party charter in China, making it the first cryptocurrency exchange recorded to do so. A subsidiary of the exchange, Beijing Lianhuo, was reportedly responsible for establishing the party branch last week. The CEO and founder of Huobi, Li Lin, who also owns 99% of the subsidiary, qualified this move as a milestone for the company, according to a press release quoted by local media.
Cryptophyl Announces Record SLP Trading Numbers
We've just completed December's airdrop of 50,000 DROP tokens built on #SLP.
2200 BCH ($470k) traded this month 📈
We airdropped 31 DROP ($10) for every $210 traded 🥳
DROP will now become increasingly scarce: airdrop amounts will decay exponentially.https://t.co/y5gGRPmDYX
— Cryptophyl (@cryptophyl) December 30, 2019
Cryptophyl, the first SLP cryptocurrency exchange, announced a new all-time-high in trading volumes for their platform. Semyon Germanovich, CEO and founder of Cryptophyl, stated: “This month we reached a record SLP token trading volume of 2200 BCH or $470,00 USD on Cryptophyl. This is equal to more than half of the total volume in the last 4 months combined. It’s amazing to see so many new users entering and learning about Simple Ledger tokens and Bitcoin Cash.”
Indian Government Institute to Offer Blockchain Training Courses
The National Power Trading Institute, a government-backed institution, will offer a series of blockchain training courses in several cities around the country. The courses will be offered in different NPTI locations and will deal with blockchain and cryptocurrency subjects with regard to their ability to solve different problems. The course program reads, “The widespread popularity of digital cryptocurrencies has led the foundation of blockchain, which is fundamentally a public ledger to share information in a trustworthy and secure way.”
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