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Microsoft, Mercy Corps, the U.N. International Computing Center, and Hyperledger Join ID2020 Alliance
Microsoft, Mercy Corps, the U.N. International Computing Center, and Hyperledger have joined a blockchain-based digital identity initiative, called the ID2020 Alliance. According to CoinDesk, the ID2020 Alliance aims to provide individuals with direct ownership and control over their digital identities using blockchain technology. Such a program aims to help refugee migration and reduce the likelihood of human trafficking.
Nvidia Pressuring Retailers Limit the Number of Graphics Cards Sold to Miners
After struggling to maintain enough supply for both cryptocurrency miners and gamers, Nvidia has requested retailers to limit the number of high-powered graphics cards that are sold to miners. According to Bitcoin.com, Nvidia is hoping to discourage bulk purchases of its products by cryptocurrency miners.
BitFlyer Opens Location in Europe for Professional, High-Volume Traders
BitFlyer, a Japan-based Bitcoin exchange, has opened a location in Europe. According to CoinDesk, BitFlyer announced that it had received a payment institution (PI) license to operate in the European Union. BitFlyer is primarily targeting professional, high-volume traders throughout the E.U.
SpriteCoin, a Fake Cryptocurrency App, Installs Ransomware on Victims’ Computers
A fake cryptocurrency app, SpriteCoin, installs ransomware on victims’ computers. According to CNET, the app prevents the victim from accessing files, then demands a ransom from the victim to regain access. The ransom note requires payment in Monero. Once the victim pays the ransom, hackers just install more malicious software to the victim’s computer.
First Cryptocurrency Freight Deal Takes Russian Wheat to Turkey Using Bitcoin Payment
Prime Shipping Foundation has just disclosed that it has completed the first freight deal with Bitcoin in December 2017. As reported by Bloomberg, the deal was completed on a vessel carrying wheat from Russia to Turkey. The transaction was part of a pilot program of the company’s blockchain payment system for bulk commodities. Prime Shipping Foundation is now considering the creation of its own cryptocurrency.