KW 2: Swiss company Wisekey launches blockchain vaccination card, Lagarde calls for global regulation of cryptocurrencies, The theoretical Bitcoin millionaire

NEWS

Swiss company Wisekey launches blockchain vaccination card: Swiss blockchain and cybersecurity company Wisekey has integrated a digital health card into its blockchain app, on which, among other things, information on received vaccinations can be stored. This could also help combat the pandemic, in that the health card helps „to control and minimize the health risks during the de-escalation phase of the pandemic and serves as official evidence for those who have been vaccinated against the coronavirus“, the company said in a press release. The sensitive health data will be encrypted on the app and stored decentrally on a blockchain with a digital certificate for possible identification, Wisekey continued.
de.cointelegraph.com

ECB’s Lagarde calls for global regulation of cryptocurrencies: European Central Bank President Christine Lagarde called on Wednesday for global regulation of Bitcoin, saying the digital currency had been used for money laundering activities in some instances and that any loopholes needed to be closed. “(Bitcoin) is a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity,” Lagarde said in an interview at the Reuters Next conference. Lagarde did not provide specific examples of money laundering cases but said she understood there had been criminal investigations into illegal activity. Last Saturday, Bitcoin’s price almost reached 43,000 dollars before plummeting by almost 10,000 dollars within 48 hours. On Wednesday, Germany’s Federal Financial Supervisory Authority (Bafin) warned of “considerable capital losses” through crypto investments.
reuters.com

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Crypto investors risk losing all their money, FCA warns: The UK’s Financial Conduct Authority (FCA) on Monday warned that investments and lending products related to cryptocurrencies come with very high risks. The agency said it was aware that some firms were offering investments in crypto assets, or lending or investments linked to crypto assets, that promise high returns. „If consumers invest in these types of product, they should be prepared to lose all their money,” the financial services regulator said. The warning from the FCA comes amid wild volatility in the cryptocurrency market. Bitcoin’s wild rise has led some commentators to warn it could be a market bubble likely to burst soon. Meanwhile, increased appetite from institutional investors for Bitcoin is set to boost inflows to funds that give traders exposure to the red-hot cryptocurrency — to the detriment of gold, according to strategists at J.P. Morgan.
cnbc.com, cnbc.com

Report on the blockchain situation in the EU: The EU observatory and forum for blockchain technology published a report back in November on the developments taking place in the European Union in the area of cryptocurrencies. According to the report, there are clear signs of increasing acceptance of cryptocurrencies in the EU. For example, the European Commission published a proposal in September 2020 for the “Regulation of the European Parliament and of the Council on markets for crypto assets”. The EU observatory and forum for blockchain technology uses regulatory and economic assessment criteria to examine how the 27 EU member states as well as Great Britain and Switzerland deal with cryptotechnologies.
finanzen.net

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Frankfurt Airport: Covid tests rely on IOTA and Ethereum btc-echo.de
Payouts of winnings? Institutional crypto funds are seeing less influx de.cointelegraph.com
Mydealz founder: „Bitcoin is the tide that raises all ships“ capital.de
Satoshi Nakamoto: The mysterious Bitcoin inventor faz.net
Expansion in Asia: Fidelity International invests 6.71 million US dollars in crypto company btc-echo.de

NUMBER OF THE WEEK

Around one third of all blockchain attacks recorded so far took place in 2020. Hackers are said to have looted almost 3.8 billion dollars in cryptocurrencies in the past year alone.
heise.de

BACKGROUND

Darknet marketplace DarkMarket taken offline: German prosecutors in the cities of Koblenz and Oldenburg said on Tuesday that they had shut down what was probably the largest illegal marketplace on the Darknet called DarkMarket and arrested the man believed to operate it near Germany’s border with Denmark. The detained man, believed to be DarkMarket’s operator, is a 34-year-old Australian national. Authorities say drugs, counterfeit money, stolen credit card data, anonymous SIM cards and malware were all traded on the site. At the time of its closure, DarkMarket had more than 2,400 vendors.
dw.com

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Dfinity is launched: Swiss startup Dfinity is known as the “European blockchain hope” (financefwd.de). The foundation, which has seven independent data centers in the US, Germany and Switzerland, launched its mainnet back in December. The launch of the mainnet was already expected within the industry in the first half of 2020. Dfinity has been focusing on the issue for a good five years. The aim of the blockchain project is the decentralization of cloud computing: a huge virtual computer connected to a decentralized computer network, which is connected by blockchain protocols. This could also limit the dependence on cloud solutions from monopolists such as Amazon or Google. By means of so-called mega apps, „the internet could be brought back to its free and open roots“. So far, Dfinity has raised 200 million dollars in venture capital and is valued at 9.5 billion dollars.
finanzen.net

QUOTE

„It’s still nothing more than digital play money. The risk of it imploding remains. In the event of a loss of confidence, there is nothing that could slow down such a development.“
The Würzburg economist Peter Bofinger is still not convinced of Bitcoin’s long-term success.
n-tv.de

BLOCKBUG

The theoretical Bitcoin millionaire: Stefan Thomas is a Bitcoin millionaire – almost. He wanted to do everything right when he created his Bitcoin account a few years ago. For this reason, he stored the password for his account on a password-protected hard drive. He wrote this password on a piece of paper – which he has since lost. Eight out of ten attempts to unlock his hard drive have already failed. If the German living in the United States no longer remembers the correct password and enters it incorrectly for the tenth time, the digital safe destroys itself – and with it the Bitcoin account, which holds Bitcoin with a value of 220 million dollars.
tagesschau.de

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