Asia andAustralia: Crypto
Asia and Australia
Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country.
Australian Primary School Creating Mini Crypto Entrepreneurs: Australia’s Wooranna Park Primary School has started its own blockchain course and has even created its own cryptocurrency. The Victorian state school’s crypto program is run by the educational technologist Keiran Nolan and is the result of five years of curriculum planning in collaboration with Victoria’s Melbourne Blockchain Centre.
The course is now available for all students from pre-primary to year 6, with each classroom set up with a Steemit node to create ‘Immutable Authenticated Reporting’; meaning that students’ work is saved using the Steemit blockchain. The school’s Minecraft server is stored using FTP on the Storj.io blockchain, and it has even created their own cryptocurrency called Woorannacoin, which was originally a voting system for students, but now has been converted into “a learning tool on how creating one’s own currency”.
National Bank of Cambodia Pushes to Claim First Place in Blockchain Race: AWorld Economic Forum (WEF) report has revealed the National Bank of Cambodia as the frontrunner in becoming the first central bank around the globe to utilize blockchain technology. DLT was piloted first in 2017, and now the South East Asian country looks to deploy a blockchain payment system to turn around their currently fragmented domestic payment system. The WEF has noted that Cambodia is not alone as more than 40 other banks are now looking to rely on blockchain technology to improve their operating procedures.
Japanese Crypto Unicorn Tops $1 Billion Valuation: Breaking the USD 1 billion valuation barrier, a Japanese startup, Liquid Group Inc, has achieved the coveted and highly exclusive “Unicorn” status. The Tokyo-based crypto startup announced the feat on Wednesday, stating that it crossed the USD 1 billion valuation after securing funds from venture funders IDG Capital and crypto mining giant Bitmain Technologies Ltd.
The company raised around USD 50 million in its ongoing funding round, with the co-founders Mike Kayamori and Mario Gomez Lozada initially raising over USD 20 million in previous rounds through investors like Jafco Co and another USD 100 million through an ICO in 2017.
North Korea’s Unlikely Relationship with Crypto: North Korea has made a reputation in the crypto industry, allegedly including includes shady operations like their government-led team of hackers, APT 38, targeting a host of online banks and cryptocurrency exchanges as well as establishing cryptocurrency scams to loot the investors.
It is also reported that nearly all of the funds stolen have been moved into the DPRK’s missile and nuclear development program. But there have been reports of resistance as well, such as the North Korean dissident group, Cheollima Civil Defense (CCD), devising an innovative way to bypass the travel sanctions and selling 200,000 visas on the Ethereum blockchain, which are valid for use once the country gets rid of Jong-un. The project claims that the money collected will be invested to bring the dictator down from power. So far, it has raised the CCD around USD 14,000, with the 100th visa being sold last week.
Two South Korean Unis to Create Blockchain Campus: South Korea’s two finest institutions, Pohang University of Science and Technology (POSTECH) and Yonsei University, have joined hands to create a combined blockchain campus that will induct students from both universities.
The campus will focus on blockchain research other than creating specialised curriculums and establishing a connection with entrepreneurial programs. POSTECH will also create a blockchain-based group intelligence knowledge sharing system called Engram and a voting survey system titled ‘Voting for students’. There will also be a reward system using a cryptocurrency called Neurons that could even be used at university cafeterias.
Despite Crypto Ban, China Leads Rest of the World in Blockchain Development: Although there has been a strict ban on crypto activities in China, it is still the leading breeding ground for blockchain technology, contributing as much as 25% in a particular niche of blockchain projects.
According to Beijing-based data provider Blockdata, China is leading the world in new blockchain projects, contributing to 263 progressive projects ranging from the financial services to logistics, public services, healthcare, supply chains, and smart manufacturing.
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