Block.One has appointed Salah Zalatimo as the CEO for its decentralized media network Voice. Zalatimo is a highly reputed entrepreneur and Forbes’ Global Chief Digital Officer. Block.One intends to launch a blockchain-based social media platform and has purchased the Voice domain from MicroStrategy for a whopping $30 million.
Thailand’s oldest bank, Siam Commercial Bank, has announced a mobile banking interface that facilitates cross-border transactions at a lower cost. Partnering with RippleNet the bank plans to expand its operations into Cambodia, Laos, Myanmar, and Vietnam, in 2020. It is also working on a QR payment system that would help tourists visiting Thailand.
Crypto exchange Deribit has announced that it will be moving to Panama, from the Netherlands. The derivatives platform said that from 10 February it will be operated by DRB Panama, a 100% subsidiary of the Dutch entity. The decision followed the ’strict implementation’ of the anti-money laundering policies by the EU.
President of the European Central Bank (ECB), Christine Lagarde, has supported the bank’s active involvement in the development of a central bank digital currency (CBDC) to address the demand for faster and cheaper cross-border payments.
The Reserve Bank of Australia has raised doubts about Facebook’s Libra success within the nation. The RBA added that even if it meets all regulatory requirements, there won’t be enough demand for domestic payments in the stablecoin.
Moscow-based Kaspersky Labs has reported that North Korean hackers are targeting cryptocurrency users on Telegram to steal their funds. The report mentions that one of ways the Lazarus hacking group is doing this is by setting up cryptocurrency-related channels to have easy access to traders and crypto holders. Several victims have been identified from Poland, Russia, China and the U.K.
As per KPMG, blockchain platforms will be used to ensure control over IoT ecosystems aimed at managing climate change. ’The convergence of these technologies is enabling organizations to accelerate environmental governance’, said an official from KPMG. IoT devices could be used to determine the differences between carbon emissions that give rise to the greenhouse effect and carbon offset.
Ethereum developer Virgil Griffith has been indicted over allegations relating to a conference appearance in North Korea last year. Griffith has been charged with one count of conspiracy to violate the International Emergency Economic Powers Act. If found guilty, Griffith faces up to 20 years in jail.
Binance has said it would donate over 118 bitcoin, or nearly $1 million to the Australian Bushfire Donation project. The platform is also encouraging users to chip in. All funds raised will be used to help alleviate the impact of this disaster and facilitate the restoration afterwards.