The USA and Russia hunting for former head of BTC-e, South Korea and blockchain-education, Iran and its mining, ShapeShift losing anonymity, Belgium watching exchanges, blockchain as a key to Africa's development, and the drastic price fall
- Alexander Vinnik, who may have info on the U.S. election meddling, will be extradited to Russia. The USA, France and Russia were fighting over who gets to extradite the alleged owner of BTC-e.com from Greece. Vinnik’s lawyer confirms the Greek court approved Vinnik’s extradition to Russia.
- South Korea: coolest kids on the block. The Ministry of Science and Technology launches a blockchain training program for schools as part of a $90 million investment in blockchain technologies.
- Mining is now an industry in Iran. The government recognized cryptocurrency mining as an industry. This means that investing and participating in mining are completely legitimate activities. Local exchanges showed immediate price growth.
- Belgium updates the list of unscrupulous exchanges. In response to a growing number of complaints, Belgian FSMA issues a warning and updates the list of trading platforms that FSMA deems frauds.
- Shapeshift is to be no longer anonymous soon. The cryptocurrency exchange launches a soon-to-be mandatory loyalty program, which requires personal information to become a member of.
- Bitcoin may replace Africa’s outdated banking. Bitcoin is a much more accessible payment system for African mobile users, especially for underbanked and unbanked regions.
- As of 13.00 GMT, Bitcoin price dropped by about 5% (back to $7,000) in the last 24 hours, most of the biggest by trading volume assets are losing from 9 to 12%.