On this episode, Anna Baydakova and Danny Nelson focus on North Korea reportedly stealing your crypto to create nuclear weapons, Tesla rattling markets at an opportune time and Nigeria making an attempt to ban crypto.
Beginning Feb. 12, within the Chinese language calendar, we’re within the 12 months of the ox, or bull; no less than for now, issues are wanting fairly bullish for crypto. Normally, Chinese language customers would massively promote bitcoin forward of the New Yr however the present rally is being principally pushed by establishments, not retail patrons in Asia. So it appears to be like just like the “To the Moon” present should go on!
A United Nations knowledgeable panel stated North Korea used the cash it extorted by cyber assaults to fund nuclear weapons growth. The panel stated that in accordance with its investigations, North Korean regime-linked hackers labored all by way of 2020 and made the cash now funding weapons of mass destruction and ballistic missile packages. In accordance with Chainalysis, the hackers used DeFi infrastructure, over-the-counter brokers and mixers to promote their crypto. So will we find yourself with a little bit of North Korean hacker crypto at some point?
Tesla hyped the bitcoin market proper across the time some dangerous information got here out of China. In February, Tesla’s annual report back to the Securities and Trade Fee included the information the corporate put an combination of $1.5 billion into bitcoin. Simply earlier than that submitting a number of Chinese language authorities businesses publicly questioned Tesla automobiles’ high quality and security. Coincidence?
Nigeria is making an attempt to curb crypto adoption, however that’s not really easy. In early February, the nation’s central financial institution despatched a letter to monetary establishments ordering them to close down all financial institution accounts related to cryptocurrency buying and selling platforms. Consequence: Binance halted deposits in Nigeria. Because of this, Nigerians turned to peer-to-peer buying and selling platforms. Is that this truly good for crypto adoption? We’ll see.
Tales talked about on this episode:
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