In today’s edition of The Daily, we cover cryptocurrency-related news from different parts of the world. In the U.S., documents have revealed that an arm of the Pentagon plans to investigate the technology behind Bitcoin, while a teenager in Israel has been convicted of making bomb threats in exchange for BTC. In India, a major accounting firm has announced plans to hire more digital talent, and a capital-raising platform that intends to support security tokens has obtained regulatory approval in Singapore.
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Darpa to Investigate Consensus Protocols
“Technologies for distributed consensus protocols have been revolutionized by their prominent role in cryptocurrency and blockchain technologies. These technologies have dramatic implications for the security and resilience of critical data storage and computation tasks, including for the Department of Defense (DoD),” the agency explained. “At the same time, the concrete applications and security of these technologies for the DoD is unclear. Darpa is interested in better understanding the broader implications that such technologies may play for the DoD.”
This isn’t the agency’s first exposure to the matter. Two years ago it signed a $1.8 million deal with two tech firms to study the use of blockchain to secure sensitive military data.
Autistic Teen Sent to 10 Years in Jail
An investigation by the Israeli cyber police found that the young man had offered his services on the darknet, charging $40 to call a private residence, $80 to threaten a school for kids that didn’t want to face an exam, and $500 to say he had put a bomb on a flight. He reportedly earned almost 184 BTC from his illegal ventures, but the authorities were not able to recover the loot, as he refused to hand over his private keys. He was spared from a possible maximum sentence of 17 years in jail due to his age and medical/mental condition.
EY to Expand Blockchain Staff in India
“There is significant capital available for new startups and big Indian companies are investing in digital,” Ram Sarvepalli, partner emerging markets at EY told Indian daily The Economic Times. “The government is heavily investing in digital from a citizen services perspective. Many of the traditional customer-oriented industries are trying to find models which allow access to customers to tier-two, tier-three towns from a digital perspective. There are regulatory changes like… e-filing and automation of central and state govt departments … all of this is triggering a massive opportunity and the need for hiring digital talent.”
Singapore Regulator Approves 1exchange
Johnson Chen, founder and CEO of Capbridge commented: “We can now offer an even more integrated suite of private capital services to deserving companies seeking growth capital and sophisticated investors looking for alternative growth options.”
What do you think about today’s news tidbits? Share your thoughts in the comments section below.
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