North Korea hacks for mining, Russian courts are ready for crypto enthusiasts, the crypto bear market may last over a year, ConsenSys acquires Planetary Resources, Morgan Stanley's opinion, Hong Kong issues new crypto rules
- North Korea is hacking South Korean computers to mine cryptocurrency to bring extra cash into the country and to steal confidential information.
- The Arbitration Center at Russian Union of Industrialists and Entrepreneurs (RSPP) has created a board for disputes pertaining to the digital economy, including smart contracts and crypto-related cases.
- Arthur Hayes, CEO of BitMEX, tells that on the basis of his experience in the cryptocurrency market, the volatility will continue for a year or more. While others hold a more bullish outlook.
- Planetary Resources Inc, which aims to commercialize and utilize resources from asteroids, is acquired by ConsenSys via asset-purchase transaction.
- Institutional investors are increasingly getting involved in the cryptocurrency market, while the number of retail investors in the space is staying stagnant, a Morgan Stanley report says.
- Hong Kong's Securities and Futures Commission says it will bring crypto funds under its securities regulations to improve investor protection.
- BTC is trading at the price of $6,341, ETH comes to $197.37 at the moment of writing.