Bitcoin Surges Over $9,500 After Korean Bank Tests Crypto Wallet for Customers
Update: Bitcoin’s surge continues as Asia re-opens, pushing the cryptocurrency above $9500 as Korea’s second largest bank tests Bitcoin vault and wallet services for its clients.
As Coinivore reports, Shinhan, the second largest commercial bank in South Korea by market valuation in the country is testing a Bitcoin vault and wallet service for its customers that is expected to be released by mid-2018.
A representative of Shinhan Bank told Naver News, a media publication in South Korea in an interview that the bank will launch a Bitcoin vault and wallet platform in response to recent hacking attacks of leading South Korean cryptocurrency exchanges including Bithumb.
“Shinhan is testing a virtual bitcoin vault platform wherein the private keys of bitcoin addresses and wallets are managed and issued by the bank. The bank intends to provide the vault service for free and charge a fee for withdrawals,” the representative said.
In 2016 the bank reported a total of US $192 billion in assets and over 13,000 employees according to News Bitcoin. The bank stated that the service wouldn’t be ready until the second quarter of 2018 but has begun testing the network for the services.
The service will incur zero fees to deposit Bitcoin to store in their cold storage instead a slight fee will be taken during the withdrawal process. They will also be rolling out a mobile app that will contain a dashboard for viewing stats and deposit information for their customers.
It’s unclear whether or not Shinhan will offer Bitcoin brokerage and trading services to enable their existing clients and customers to purchase or sell Bitcoin.
South Korea has been a hub for cryptocurrency and somewhat of a safe haven for established digital currencies since, unlike other countries, they have embraced digital currency as a means for change. Earlier this month, Choe Heung-sik, chief of the Financial Supervisory Service (FSS), stated that the South Korean government would not impose strict regulations on cryptocurrency exchanges in the foreseeable future.
“Out of Control Genocide” in Baltimore, Residents Want Martial Law
While in Baltimore City, Maryland, death and despair are a few things that are plentiful as the region descends into chaos. Deindustrialization coupled with depopulation started in the 1960s stripping the city of economic wealth. Many don’t want to admit, the city is shrinking as their looking glass is clouded with Kevin Plank’s gentrification narrative.
Wealth inequality in the area is some of the widest in the United States with more than 100,000 African Americans with zero dollars to their name, according to JPM. Baltimore is a skeleton of what it once was many decades ago when it had its industries.
Now, 46,800 homes are vacant– almost 16% of the housing stock as citizens are either leaving the area or being pushed into multi-family complexes by the city. Neighborhoods are rotting away as the local economy crumbles giving way to a surge in homicides. Baltimore is on track for the worse year ever with a homicide rate the highest in the United States.
altimore is home to about 615,000 people, but the city has more homicides than New York or Los Angeles, both of which have far larger populations. Earlier this year, Mayor Catherine Pugh called in the Federal Government in hopes to restore order. She was even quoted, “violence in the city is out of control”…
With the police department hemorrhaging officers, local community organized groups have taken to the streets in attempt to slow the momentum of out of control homicides.
The movement is called Baltimore Ceasefire and the group has held two weekend city-wide ceasefire campaigns of “Nobody Kill Anybody”… Both ceasefires have failed.
According to WSJ,
Most murder victims are African-American men, and shootings happen largely in areas where residents live surrounded by poverty, unemployment, drug addiction and crime, city police records show.
The Ugly Truth About Net Neutrality: Google and Facebook Will Be Exempt from Regulations
Nurse Fired for Tweeting that White Mothers Should Sacrifice Their Sons to Wolves
An Indiana nurse is being investigated by her employer after a tweet she sent out about race went viral over Thanksgiving weekend. Taiyesha Baker aka @tai_fieri wrote on her now-deleted page, “Every white woman raises a detriment to society when they raise a son. Someone with the HIGHEST propensity to be a terrorist, rapist, racist, killer, and domestic violence all star. Historically every son you had should be sacrificed to the wolves.” The tweet has caused a public relations nightmare for Indiana University Health who have said they are investigating the matter.
Here’s what you need to know:
In a statement, Indiana University Health confirmed that contrary to online rumors, Baker does not work at Riley Children’s Hospital. While the tweet is under investigation, Baker is forbidden from dealing with patients. Here is the full statement, via ABC Indianapolis:
IU Health is aware of several troubling posts on social media which appear to be from a recently hired IU Health employee. Our HR department continues to investigate the situation and the authenticity of the posts. During the investigation, that employee (who does not work at Riley Hospital for Children) will have no access to patient care.
A spokesperson named Jason Fechner told the Indianapolis Star that human resources is investigating and confirmed that Baker was an employee of IU when the message was sent. Fechner did not say exactly where Baker worked. Online records show that Backer only got her nurse’s license on October 30. Baker is a graduate of Purdue University.
2. Baker’s Twitter Account Has Been Reactivated by Someone Else
Baker’s original Twitter account has been recreated by another user who has replaced the profile photo with the Pepe the Frog. The cartoon is commonly used by racists and Donald Trump supporters. The person wrote in one message, “I am an awful racist with terrible opinions and I will never go anywhere in life if I keep this up. Who needs a job anyway when you can have worldwide hatred.”