Abkhazia announces ICO to fund first state-run cryptocurrency
The Autonomous Republic of Abkhazia has announced a plan to raise a billion dollars worth of cryptocurrency via an ICO. The breakaway state has long vied for international legitimacy and has struggled to attract investment to fund its internal development projects — a situation it hopes to turn around by creating a state-sponsored cryptocurrency.
Starships and Tokens; A Path to Human Self-Actualization
Many humans don’t settle for just barely scraping by; they improve themselves towards self-actualization. Could we do the same at the level of civilization? Rather than merely avoiding disasters, let’s truly reach for the stars. In this essay, I describe a decentralized system for humanity to collectively graph the steps towards self-actualization, from conquering malaria and a shared planetary database, to universal basic income and even asteroid mining.
Humans Die. Cryptocurrencies Don’t.
What will happen to my bitcoin and other assets when I die? This is a question most of us want to avoid, because we don’t know, because we don’t like to think about death, because we can think of 100 other more fun things to contemplate - like all the drama surrounding 2X and who said what on twitter or reddit. But with self-controlled assets, ignoring our own mortality comes at a cost to our descendants, dependents, community groups, and political causes because our keys, and therefore access to the assets, could die with us. But it doesn’t have to be that way, there are simple, easy things you can do yourself to prevent this from happening and that’s what you’ll learn if you continue reading.
Crypto wallets remain at risk from phone hacks
With the prevalence of two-step authentication systems that use phone numbers to access email and virtual money accounts, phone hijacking is on the rise as a way to siphon funds from online cryptocurrency wallets.
Top Korean Gaming Companies Race to Integrate Cryptocurrencies
Korean gaming giant Nexon announced on Tuesday the acquisition of Korbit, Korea’s first ever Bitcoin Exchange, the second largest in volume behind Bithumb. Nexon’s holding company (NXC) announced its plans on Tuesday to acquire 125,000 shares of Korbit for 91.25 billion won (approximately US $80.3 million), giving it a 65.19 percent ownership stake in Korbit. The deal is being billed by Korea’s leading financial newspaper Hankyung as “the first large-scale merger & acquisition among domestic virtual currency-related companies.”
