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BORDERLESS: Happy Bull’s Year, North Korean Hackers!

BORDERLESS: Happy Bull’s Year, North Korean Hackers!

FromCoinDesk Reports


BORDERLESS: Happy Bull’s Year, North Korean Hackers!

FromCoinDesk Reports

ratings:
Length:
22 minutes
Released:
Feb 15, 2021
Format:
Podcast episode

Description

In this episode, Anna Baydakova and Danny Nelson discuss North Korea reportedly stealing your crypto to create nuclear weapons, Tesla rattling markets at an opportune time and Nigeria trying to ban crypto. Starting Feb. 12, in the Chinese calendar, we are in the year of the ox, or bull; at least for now, things are looking quite bullish for crypto. Usually, Chinese users would massively sell bitcoin ahead of the New Year but the current rally is being mostly driven by institutions, not retail buyers in Asia. So it looks like the “To the Moon” show must go on!A United Nations expert panel said North Korea used the money it extorted by cyber attacks to fund nuclear weapons development. The panel said that according to its investigations, North Korean regime-linked hackers worked all through 2020 and made the money now funding weapons of mass destruction and ballistic missile programs. According to Chainalysis, the hackers used DeFi infrastructure, over-the-counter brokers and mixers to sell their crypto. So will we end up with a bit of North Korean hacker crypto one day? Tesla hyped the bitcoin market right around the time some bad news came out of China. In February, Tesla’s annual report to the Securities and Exchange Commission included the news the company put an aggregate of $1.5 billion into bitcoin. Just before that filing several Chinese government agencies publicly questioned Tesla cars’ quality and safety. Coincidence?Nigeria is trying to curb crypto adoption, but that is not so easy. In early February, the country’s central bank sent a letter to financial institutions ordering them to shut down all bank accounts associated with cryptocurrency trading platforms. Result: Binance halted deposits in Nigeria. As a result, Nigerians turned to peer-to-peer trading platforms. Is this actually good for crypto adoption? We’ll see.Stories mentioned in this episode:CoinDesk: Why a Chinese New Year Sell-Off May Not Happen This Year AP: UN experts: North Korea using cyber attacks to update nukesCoinDesk: UN Says North Korea Funded Nuclear Weapons With Crypto Hacks in 2020Chainalisys: Lazarus Group Pulled Off 2020’s Biggest Exchange Hack and Appears to be Exploring New Money Laundering OptionsCoinDesk: China Was Questioning Tesla About Quality Problems. Then Bitcoin HappenedBloomberg: Tesla Summoned by China Regulators Over Quality, Safety IssuesCoinDesk: Nigerian Central Bank Says Its Ban on Crypto Accounts Is Nothing New CoinDesk: Bitcoin ‘Can’t Be Stopped’: Nigerians Look to P2P Exchanges After Crypto BanDid you enjoy the show? We would love to hear what you think. Leave us a review on Apple Podcasts or your preferred service and talk to us directly via email at borderless@coindesk.com.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Feb 15, 2021
Format:
Podcast episode

Titles in the series (100)

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