Bitcoin and Co .: The high crypto information of the week

by Patricia Lin
Bitcoin and Co .: The top crypto news of the week

A big IPO threatens Bitcoin, massive German corporations are launching a blockchain challenge, Spacechain is sending Bitcoin by way of the ISS and far more. The high BTC information of the week.

Welcome to the BTC-ECHO newsflash. What has occurred on the planet of Bitcoin previously week.

Gigantic IPO of Alibaba subsidiary Ant Financial

This IPO might be one of many greatest of all time: The monetary companies supplier Ant Financial, a subsidiary of the Chinese e-commerce big Alibaba, is planning a double itemizing in Hong Kong and Shanghai. In doing so, greater than 20 billion US {dollars} of recent capital ought to be raised. With Alipay, Ant Financial has a agency grip on the cell funds market in China. The firm's valuation could be raised to over 200 billion US {dollars} as a result of the IPO – and thus virtually on par with Bitcoin. Does Bitcoin should worry an assault from the Far East?

Daimler, Bosch and Stuttgart Stock Exchange begin blockchain challenge

The Stuttgart Stock Exchange, along with the Bosch analysis crew Economy of Things, Daimler Mobility and the Stuttgart blockchain firm 51nodes have developed a blockchain-based financing technique for industrial capital items. With the proof-of-concept, corporations take a look at the difficulty of tokens to buyers on the general public Ethereum blockchain to finance machines, automobile fleets and vitality infrastructure. The challenge sounds promising, particularly since every of the businesses concerned has already gained expertise within the blockchain world.

The new "FritzFrog" bot community assaults quite a few servers

Security specialists are sounding the alarm: A brand new sort of bot community is at present spreading underneath the identify FritzFrog. This makes use of the computing capacities of contaminated servers to mine the crypto foreign money Monero. According to a report from a safety firm, 500 servers worldwide have already been contaminated. Most of them belong to banks, authorities companies, medical establishments and telecommunications corporations. The software program integrates contaminated computer systems right into a decentralized peer-to-peer bot community. It searches particularly free of charge computing capability as a way to use it for its functions. It just isn’t but identified who’s behind the assaults.

SpaceChain sends Bitcoin over the ISS

Tech firm SpaceChain has demonstrated the primary profitable use of blockchain {hardware} on the International Space Station. As a part of a collaboration with the European Space Agency, the challenge obtained funding, {hardware} and basic assist. In addition, the transaction was carried out by SpaceChain co-founder and CTO Jeff Garzik. The SpaceChain experiments are about making certain a strong connection between blockchain know-how in area and the related infrastructure on earth. At the top of 2019, Spacechain delivered its {hardware} pockets know-how to the ISS with its SpaceX Falcon 9 rocket.

Snowden made $ 35,000 for Bitcoin lectures

Reportedly, NSA whistleblower Edward Snowden obtained not less than $ 35,000 to provide on-line lectures on Bitcoin. This is what a current court docket doc revealed. Among the shoppers had been Blockstack, an Ethereum counterparty and the Bitcoin journal BTC Media. As a result, the corporate Blockstack Snowden had paid virtually $ 20,000 for the day gone by at a Blockstack occasion in March 2018 in Berlin. In addition, BTC Media had in all probability supplied the American a formidable 15,000 US {dollars} for a lecture on the Bitcoin 2019 convention. Snowden himself has all the time offered himself as a fantastic friend of cryptocurrencies and particularly Bitcoin.

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