Bithumb is sold for $353M, White becomes Bakkt COO, China can 'kill' BTC, PBoC seeks blockchain specialists, Tron launches Poppy, Roubini criticizes BTC and blockchain, an easter egg in BTC code
- Bithumb, the largest crypto exchange in South Korea by trading volume, confirmed it has sold over 38% of its shares for $350 million to a Singapore entity, BK Global Consortium, with the aim of releasing new services and stablecoins.
- Adam White, Coinbase’s head of the Institutional arm at the firm, is leaving the company and joining the highly anticipated Bakkt as its COO (Chief Operating Officer).
- A scientific work called ‘The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin’ revealed that China has more than enough possibilities and motives to ‘kill’ Bitcoin or at least to do considerable damage to the blockchain’s stability.
- At the same time the Chinese central bank, the People’s Bank of China (PBoC), is seeking professionals with digital currency and blockchain experience in order to develop a secure big data platform and a chip processor that would allow crypto transactions.
- Tron will launch Poppy, a Point of Sale system, designed specifically for the Tron ecosystem to bring TRX payments into the real world. Poppy will offer an agile, integrated and dynamic alternative to traditional payment systems.
- Dr. Nouriel Roubini, who predicted the 2008 financial crisis, warns U.S. senators of the pernicious side of cryptocurrencies. He also criticized blockchain, calling it the most ‘over-hyped’ and ‘least useful’ technology.
- An easter egg was found in the Bitcoin genesis block code.
- BTC is trading at the price of $6,263, ETH drops to $195.81 at the moment of writing.