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<!DOCTYPE html><html lang="en"><head><meta charSet="utf-8"/><meta name="viewport" content="width=device-width"/><title>05/02/2018: Biggest Stories in the Cryptosphere | HackerNoon</title><meta name="description" content="<strong>1. South Korea’s Finance Minister Discusses Blockchain and Cryptocurrencies</strong>"/><meta property="og:title" content="05/02/2018: Biggest Stories in the Cryptosphere | HackerNoon"/><meta property="og:description" content="<strong>1. South Korea’s Finance Minister Discusses Blockchain and Cryptocurrencies</strong>"/><meta name="image" property="og:image" content="https://hackernoon.imgix.net/fallback-feat.png"/><meta property="twitter:title" content="05/02/2018: Biggest Stories in the Cryptosphere | HackerNoon"/><meta property="twitter:description" content="<strong>1. South Korea’s Finance Minister Discusses Blockchain and Cryptocurrencies</strong>"/><meta property="twitter:image" content="https://hackernoon.imgix.net/fallback-feat.png"/><meta name="twitter:card" content="summary_large_image"/><meta name="twitter:site" content="@hackernoon"/><link rel="canonical" href="https://hackernoon.com/05-02-2018-biggest-stories-in-the-cryptosphere-c3be4a3b5d5a"/><script type="application/ld+json">{"@context":"http://schema.org","@type":"Article","name":"05/02/2018: Biggest Stories in the Cryptosphere","headline":"05/02/2018: Biggest Stories in the Cryptosphere","author":{"@type":"Person","name":"BlockEx"},"datePublished":"2018-02-05","image":"https://hackernoon.imgix.net/fallback-feat.png","articleSection":"bitcoin","articleBody":"1. South Korea’s Finance Minister Discusses Blockchain and Cryptocurrencies Kim Dong-yeon, South Korea’s Finance Minister, that will change the world. He shared his thoughts on the technology during a ministerial trip to China. He also stated that the two countries should research and develop the technology together, as it will be the key for the 4th industrial revolution. He continued discussing . The Finance Minister said that the latter incentivises people to take part in the blockchain network. Dong-yeon has always been positive about the crypto market, notably arguing against a proposed ban on cryptocurrency exchanges in South Korea. thinks blockchain is a revolutionary power the connection between blockchain and cryptocurrencies 2. New York Lawmaker Wants to Look Into State-backed Cryptocurrency New York Lawmaker Clyde Vanel issued a proposing to assess the impact a state-backed cryptocurrency would have on the state of New York. The bill is dated February 2nd, but Vanel has previously issued bills related to blockchain. If the bill is successful, force will be created to carry out the task. Regulatory implications would be the first ones to be investigated, especially the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission. The monetary policy and the taxation system would also require an assessment. bill a specific task 3. Singapore Airline to Use Blockchain for Customer Loyalty Schemes Singapore Airline has announced on its it will launch a blockchain-based loyalty scheme. It will be the first blockchain-based airline loyalty digital wallet in the world and it will be launched by the SIA Group’s KrisFlyer frequent-flyer programme in approximately six months. This would give the option to spend their accumulated miles at retail partners, effectively allowing them to use them for everyday spending. Retail partners are currently being signed up only in Singapore. The program comes following a carried out jointly with KPMG and Microsoft. website frequent flyers proof-of-concept trial 4. Richest Royal Family in Europe Interested in Cryptocurrency Investment Crown Prince Alois of Liechtenstein, part of the richest royal family in Europe, has declared his investment to protect its wealth. Although the state of Liechtenstein does not have the ability yet, Crown Prince Alois said that in the future it could be a good idea for the state to investigate the phenomenon. It would be part of a diversified approach, as the royal family is also considering investing in other assets. Furthermore, it was also added that could improve the management of the principality. interest in cryptocurrency blockchain technology To receive our daily news roundup in your mailbox, sign up here: http://bit.ly/BlockExNewsRoundup"}</script><meta name="next-head-count" content="14"/><meta name="google-site-verification" content="xSsN5mRM5xbHVI00M8uekCnuJ47Da0ER2mYuGhaPM9o"/><link rel="preload" href="/fonts/HackerNoonFont/font-hackernoon.css"/><meta name="slack-app-id" content="A017MMBC29Z"/><script async="" src="https://www.googletagmanager.com/gtag/js?id=G-ECJJ2Q2SJQ"></script><script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-ECJJ2Q2SJQ'); </script><link rel="preload" href="/_next/static/css/df05ebb20b5f1597.css" as="style"/><link rel="stylesheet" href="/_next/static/css/df05ebb20b5f1597.css" data-n-g=""/><link rel="preload" href="/_next/static/css/d072011159298b64.css" as="style"/><link 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the Cryptosphere</span><span class="by"> by</span><a class="profile" href="/u/BlockEx">@BlockEx</a><div class="profile-img"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2730%27%20height=%2730%27/%3e"/></span><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/><noscript><img srcSet="https://cdn.hackernoon.com/avatars/robot-a1.png?auto=format&fit=max&w=32 1x, https://cdn.hackernoon.com/avatars/robot-a1.png?auto=format&fit=max&w=64 2x" src="https://cdn.hackernoon.com/avatars/robot-a1.png?auto=format&fit=max&w=64" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" loading="lazy"/></noscript></span></div></div><div class="sharing"></div></div></header><div style="position:fixed;z-index:9999;top:16px;left:16px;right:16px;bottom:16px;pointer-events:none"></div><main class="sc-9d336bae-1 ghWRJY"><div class="sc-d7dc08c8-0 gtbgtT"><div class="sc-93e186d7-0 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Cryptosphere</h1><div class="title-bottom"><div class="title-bottom-left"><span class="header-handle " data-tip="true" data-for="story-author" aria-label="bookmark story" data-delay-hide="1000"><span> by </span><a> BlockEx</a></span><span class="divider-bullet"></span><span class="published-date">February 5th, 2018</span></div><div class="title-bottom-right"><div style="flex-shrink:0"><span style="display:flex;cursor:pointer" data-tip="true" data-for="terminal-view"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" 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Long; Didn't Read</h2><strong>1. South Korea’s Finance Minister Discusses Blockchain and Cryptocurrencies</strong><div class="mentions-container"><div class="mentions-box"><h3>People Mentioned</h3><div class="mentions-img-wrapper"><div class="sc-93e186d7-6 dPrQoP"><a href="/u/crown-prince" style="text-align:left" target="_blank" rel="noopener noreferrer"><div class="img"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2730%27%20height=%2730%27/%3e"/></span><img data-tip="true" data-for="tldr-mention-crown-prince" alt="Mention Thumbnail" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="intrinsic" class="img" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:contain"/><noscript><img data-tip="true" data-for="tldr-mention-crown-prince" alt="Mention Thumbnail" srcSet="https://hackernoon.imgix.net/images/avatars/KfCOJHMUgPWXAD2fdDxLrpDa1gk1.jpg?auto=format&fit=max&w=32 1x, https://hackernoon.imgix.net/images/avatars/KfCOJHMUgPWXAD2fdDxLrpDa1gk1.jpg?auto=format&fit=max&w=64 2x" src="https://hackernoon.imgix.net/images/avatars/KfCOJHMUgPWXAD2fdDxLrpDa1gk1.jpg?auto=format&fit=max&w=64" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:contain" class="img" loading="lazy"/></noscript></span></div></a></div></div></div><div class="mentions-box"><h3>Company Mentioned</h3><div class="mentions-img-wrapper"><div title="Microsoft" class="sc-93e186d7-6 dPrQoP"><a href="/company/microsoft" style="text-align:left" target="_blank" rel="noopener noreferrer"><div class="img"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2730%27%20height=%2730%27/%3e"/></span><img data-tip="true" data-for="tldr-mention-microsoft" alt="Mention Thumbnail" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="intrinsic" class="img" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:contain"/><noscript><img data-tip="true" data-for="tldr-mention-microsoft" alt="Mention Thumbnail" src="http://logo.bigpicture.io/logo/microsoft.com" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:contain" class="img" loading="lazy"/></noscript></span></div></a></div></div></div></div></div></div><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%271000%27%20height=%27500%27/%3e"/></span><img alt="featured image - 05/02/2018: Biggest Stories in the Cryptosphere" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="intrinsic" class="image-container feat" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/><noscript><img alt="featured image - 05/02/2018: Biggest Stories in the Cryptosphere" srcSet="https://hackernoon.imgix.net/fallback-feat.png?auto=format&fit=max&w=1080 1x, https://hackernoon.imgix.net/fallback-feat.png?auto=format&fit=max&w=2048 2x" src="https://hackernoon.imgix.net/fallback-feat.png?auto=format&fit=max&w=2048" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" class="image-container feat" loading="lazy"/></noscript></span><div class="sc-6d048d67-0 buhXYs profile"><div class="sc-6d048d67-1 cziptZ"><div class="profileImageContainer "><span style="box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0"><img data-for="author-tooltip" data-tip="true" data-delay-hide="200" alt="BlockEx HackerNoon profile picture" href="/u/BlockEx" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="fill" class="profileImage " style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover"/><noscript><img data-for="author-tooltip" data-tip="true" data-delay-hide="200" alt="BlockEx HackerNoon profile picture" href="/u/BlockEx" sizes="100vw" srcSet="https://hackernoon.imgix.net/avatars/robot-a1.png?w=100&auto=format&fit=max 640w, https://hackernoon.imgix.net/avatars/robot-a1.png?w=100&auto=format&fit=max 750w, https://hackernoon.imgix.net/avatars/robot-a1.png?w=100&auto=format&fit=max 828w, https://hackernoon.imgix.net/avatars/robot-a1.png?w=100&auto=format&fit=max 1080w, https://hackernoon.imgix.net/avatars/robot-a1.png?w=100&auto=format&fit=max 1200w, https://hackernoon.imgix.net/avatars/robot-a1.png?w=100&auto=format&fit=max 1920w, https://hackernoon.imgix.net/avatars/robot-a1.png?w=100&auto=format&fit=max 2048w, https://hackernoon.imgix.net/avatars/robot-a1.png?w=100&auto=format&fit=max 3840w" src="https://hackernoon.imgix.net/avatars/robot-a1.png?w=100&auto=format&fit=max" decoding="async" data-nimg="fill" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" class="profileImage " loading="lazy"/></noscript></span></div></div></div><div><div class="sc-2e79ac2f-0 ktrYOp"><div><p><span><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%271600%27%20height=%271066%27/%3e"/></span><img alt="" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="intrinsic" class="image-container undefined" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/><noscript><img alt="" srcSet="https://hackernoon.imgix.net/hn-images/1*rvZOjNv6ca64sxg2N3Vv7A.jpeg?auto=format&fit=max&w=1920 1x, https://hackernoon.imgix.net/hn-images/1*rvZOjNv6ca64sxg2N3Vv7A.jpeg?auto=format&fit=max&w=3840 2x" src="https://hackernoon.imgix.net/hn-images/1*rvZOjNv6ca64sxg2N3Vv7A.jpeg?auto=format&fit=max&w=3840" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" class="image-container undefined" loading="lazy"/></noscript></span></span></p> <p><strong>1. South Korea’s Finance Minister Discusses Blockchain and Cryptocurrencies</strong></p> <p>Kim Dong-yeon, South Korea’s Finance Minister, <a href="https://www.ccn.com/blockchain-tech-can-change-world-says-south-koreas-finance-minister/?ref=hackernoon.com" target="_blank" rel="noopener noreferrer ugc">thinks blockchain is a revolutionary power</a> that will change the world. He shared his thoughts on the technology during a ministerial trip to China. He also stated that the two countries should research and develop the technology together, as it will be the key for the 4th industrial revolution. He continued discussing <a href="https://www.newsbtc.com/2018/02/04/168427/?ref=hackernoon.com" target="_blank" rel="noopener noreferrer ugc">the connection between blockchain and cryptocurrencies</a>. The Finance Minister said that the latter incentivises people to take part in the blockchain network. Dong-yeon has always been positive about the crypto market, notably arguing against a proposed ban on cryptocurrency exchanges in South Korea.</p> <p><strong>2. New York Lawmaker Wants to Look Into State-backed Cryptocurrency</strong></p> <p>New York Lawmaker Clyde Vanel issued a <a href="https://www.nysenate.gov/legislation/bills/2017/a9685?ref=hackernoon.com" target="_blank" rel="noopener noreferrer ugc">bill</a> proposing to assess the impact a state-backed cryptocurrency would have on the state of New York. The bill is dated February 2nd, but Vanel has previously issued bills related to blockchain. If the bill is successful, <a href="https://www.coindesk.com/new-york-lawmaker-proposes-study-state-backed-cryptocurrency/?ref=hackernoon.com" target="_blank" rel="noopener noreferrer ugc">a specific task</a> force will be created to carry out the task. Regulatory implications would be the first ones to be investigated, especially the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission. The monetary policy and the taxation system would also require an assessment.</p> <p><span><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%271355%27%20height=%27898%27/%3e"/></span><img alt="" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="intrinsic" class="image-container undefined" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/><noscript><img alt="" srcSet="https://hackernoon.imgix.net/hn-images/1*sZIOL4phok9sjkr7MjskgA.jpeg?auto=format&fit=max&w=1920 1x, https://hackernoon.imgix.net/hn-images/1*sZIOL4phok9sjkr7MjskgA.jpeg?auto=format&fit=max&w=3840 2x" src="https://hackernoon.imgix.net/hn-images/1*sZIOL4phok9sjkr7MjskgA.jpeg?auto=format&fit=max&w=3840" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" class="image-container undefined" loading="lazy"/></noscript></span></span></p> <p><strong>3. Singapore Airline to Use Blockchain for Customer Loyalty Schemes</strong></p> <p>Singapore Airline has announced on its <a href="https://www.singaporeair.com/en_UK/sg/media-centre/press-release/article/?q=en_UK%2F2018%2FJanuary-March%2Fne0518-180205&ref=hackernoon.com" target="_blank" rel="noopener noreferrer ugc">website</a> it will launch a blockchain-based loyalty scheme. It will be the first blockchain-based airline loyalty digital wallet in the world and it will be launched by the SIA Group’s KrisFlyer frequent-flyer programme in approximately six months. This would give <a href="https://www.reuters.com/article/us-singapore-airshow-blockchain/singapore-airlines-plans-blockchain-tech-for-frequent-flyer-spending-idUSKBN1FP0AG?ref=hackernoon.com" target="_blank" rel="noopener noreferrer ugc">frequent flyers</a> the option to spend their accumulated miles at retail partners, effectively allowing them to use them for everyday spending. Retail partners are currently being signed up only in Singapore. The program comes following a <a href="https://www.coindesk.com/singapore-airlines-launch-blockchain-based-loyalty-wallet/?ref=hackernoon.com" target="_blank" rel="noopener noreferrer ugc">proof-of-concept trial</a> carried out jointly with KPMG and Microsoft.</p> <p><span><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%27512%27%20height=%27512%27/%3e"/></span><img alt="" src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" decoding="async" data-nimg="intrinsic" class="image-container undefined" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/><noscript><img alt="" srcSet="https://hackernoon.imgix.net/images/1*SH7C4gtxYVB3ACDUt0D27A.gif?auto=format&fit=max&w=640 1x, https://hackernoon.imgix.net/images/1*SH7C4gtxYVB3ACDUt0D27A.gif?auto=format&fit=max&w=1080 2x" src="https://hackernoon.imgix.net/images/1*SH7C4gtxYVB3ACDUt0D27A.gif?auto=format&fit=max&w=1080" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%" class="image-container undefined" loading="lazy"/></noscript></span></span></p> <p><strong>4. Richest Royal Family in Europe Interested in Cryptocurrency Investment</strong></p> <p>Crown Prince Alois of Liechtenstein, part of the richest royal family in Europe, has declared his <a href="http://www.independent.co.uk/news/business/news/bitcoin-latest-updates-liechtenstein-royal-family-investment-trading-cryptocurrency-crown-prince-a8195221.html?ref=hackernoon.com" target="_blank" rel="noopener noreferrer ugc">interest in cryptocurrency</a> investment to protect its wealth. Although the state of Liechtenstein does not have the ability yet, Crown Prince Alois said that in the future it could be a good idea for the state to investigate the phenomenon. It would be part of a diversified approach, as the royal family is also considering investing in other assets. Furthermore, it was also added that <a href="https://www.cnbc.com/2018/02/05/this-european-royal-family-might-invest-in-cryptocurrencies.html?ref=hackernoon.com" target="_blank" rel="noopener noreferrer ugc">blockchain technology</a> could improve the management of the principality.</p> <p><span><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%27940%27%20height=%27580%27/%3e"/></span><img alt="" 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Customized Experience. Curated Stories. Publish Your Ideas </strong></a></div></div></main></div></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"data":{"pageLang":"en","datePublished":"2018-02-05","slug":"05-02-2018-biggest-stories-in-the-cryptosphere-c3be4a3b5d5a","articleBody":"1. South Korea’s Finance Minister Discusses Blockchain and Cryptocurrencies Kim Dong-yeon, South Korea’s Finance Minister, that will change the world. He shared his thoughts on the technology during a ministerial trip to China. He also stated that the two countries should research and develop the technology together, as it will be the key for the 4th industrial revolution. He continued discussing . The Finance Minister said that the latter incentivises people to take part in the blockchain network. Dong-yeon has always been positive about the crypto market, notably arguing against a proposed ban on cryptocurrency exchanges in South Korea. thinks blockchain is a revolutionary power the connection between blockchain and cryptocurrencies 2. New York Lawmaker Wants to Look Into State-backed Cryptocurrency New York Lawmaker Clyde Vanel issued a proposing to assess the impact a state-backed cryptocurrency would have on the state of New York. The bill is dated February 2nd, but Vanel has previously issued bills related to blockchain. If the bill is successful, force will be created to carry out the task. Regulatory implications would be the first ones to be investigated, especially the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission. The monetary policy and the taxation system would also require an assessment. bill a specific task 3. Singapore Airline to Use Blockchain for Customer Loyalty Schemes Singapore Airline has announced on its it will launch a blockchain-based loyalty scheme. It will be the first blockchain-based airline loyalty digital wallet in the world and it will be launched by the SIA Group’s KrisFlyer frequent-flyer programme in approximately six months. This would give the option to spend their accumulated miles at retail partners, effectively allowing them to use them for everyday spending. Retail partners are currently being signed up only in Singapore. The program comes following a carried out jointly with KPMG and Microsoft. website frequent flyers proof-of-concept trial 4. Richest Royal Family in Europe Interested in Cryptocurrency Investment Crown Prince Alois of Liechtenstein, part of the richest royal family in Europe, has declared his investment to protect its wealth. Although the state of Liechtenstein does not have the ability yet, Crown Prince Alois said that in the future it could be a good idea for the state to investigate the phenomenon. It would be part of a diversified approach, as the royal family is also considering investing in other assets. Furthermore, it was also added that could improve the management of the principality. interest in cryptocurrency blockchain technology To receive our daily news roundup in your mailbox, sign up here: http://bit.ly/BlockExNewsRoundup","arweave":"JBppFkK_DKhUJC8WFL8P64isp3DfZyukGKmXSPFuOJo","createdAt":"2018-02-05T14:59:06.798Z","excerpt":"\u003cstrong\u003e1. South Korea’s Finance Minister Discusses Blockchain and Cryptocurrencies\u003c/strong\u003e","featureImgColor":"rgb(4 251 4 / 70%)","firstSeenAt":false,"id":"05-02-2018-biggest-stories-in-the-cryptosphere-c3be4a3b5d5a","imageSizes":{"https://hackernoon.com/hn-images/1*rvZOjNv6ca64sxg2N3Vv7A.jpeg":{"width":1600,"height":1066},"https://hackernoon.com/hn-images/1*sZIOL4phok9sjkr7MjskgA.jpeg":{"width":1355,"height":898},"https://hackernoon.com/hn-images/1*9Sk7PR01KfgmjOrvMV9YRQ.jpeg":{"width":940,"height":580},"https://hackernoon.com/images/1*SH7C4gtxYVB3ACDUt0D27A.gif":{"width":512,"height":512}},"mainImage":"https://hackernoon.imgix.net/fallback-feat.png","mainImageHeight":500,"mainImageWidth":1000,"mentions":[{"image":"http://logo.bigpicture.io/logo/microsoft.com","name":"Microsoft","collection":"companies","id":"microsoft","manual":false},{"image":"https://hackernoon.com/images/avatars/KfCOJHMUgPWXAD2fdDxLrpDa1gk1.jpg","displayName":"Crown Prince","handle":"crown-prince","collection":"profiles","manual":false,"url":"https://hackernoon.com/u/crown-prince"}],"owner":"eJEQNGnXL2I0Jn1YRmoe","parentCategory":"web3","parsed":"\u003cp\u003e\u003cimg src=\"https://hackernoon.com/hn-images/1*rvZOjNv6ca64sxg2N3Vv7A.jpeg\" alt=\"\"\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e1. South Korea’s Finance Minister Discusses Blockchain and Cryptocurrencies\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eKim Dong-yeon, South Korea’s Finance Minister, \u003ca href=\"https://www.ccn.com/blockchain-tech-can-change-world-says-south-koreas-finance-minister/\"\u003ethinks blockchain is a revolutionary power\u003c/a\u003e that will change the world. He shared his thoughts on the technology during a ministerial trip to China. He also stated that the two countries should research and develop the technology together, as it will be the key for the 4th industrial revolution. He continued discussing \u003ca href=\"https://www.newsbtc.com/2018/02/04/168427/\"\u003ethe connection between blockchain and cryptocurrencies\u003c/a\u003e. The Finance Minister said that the latter incentivises people to take part in the blockchain network. Dong-yeon has always been positive about the crypto market, notably arguing against a proposed ban on cryptocurrency exchanges in South Korea.\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e2. New York Lawmaker Wants to Look Into State-backed Cryptocurrency\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eNew York Lawmaker Clyde Vanel issued a \u003ca href=\"https://www.nysenate.gov/legislation/bills/2017/a9685\"\u003ebill\u003c/a\u003e proposing to assess the impact a state-backed cryptocurrency would have on the state of New York. The bill is dated February 2nd, but Vanel has previously issued bills related to blockchain. If the bill is successful, \u003ca href=\"https://www.coindesk.com/new-york-lawmaker-proposes-study-state-backed-cryptocurrency/\"\u003ea specific task\u003c/a\u003e force will be created to carry out the task. Regulatory implications would be the first ones to be investigated, especially the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission. The monetary policy and the taxation system would also require an assessment.\u003c/p\u003e\n\u003cp\u003e\u003cimg src=\"https://hackernoon.com/hn-images/1*sZIOL4phok9sjkr7MjskgA.jpeg\" alt=\"\"\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e3. Singapore Airline to Use Blockchain for Customer Loyalty Schemes\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eSingapore Airline has announced on its \u003ca href=\"https://www.singaporeair.com/en_UK/sg/media-centre/press-release/article/?q=en_UK/2018/January-March/ne0518-180205\"\u003ewebsite\u003c/a\u003e it will launch a blockchain-based loyalty scheme. It will be the first blockchain-based airline loyalty digital wallet in the world and it will be launched by the SIA Group’s KrisFlyer frequent-flyer programme in approximately six months. This would give \u003ca href=\"https://www.reuters.com/article/us-singapore-airshow-blockchain/singapore-airlines-plans-blockchain-tech-for-frequent-flyer-spending-idUSKBN1FP0AG\"\u003efrequent flyers\u003c/a\u003e the option to spend their accumulated miles at retail partners, effectively allowing them to use them for everyday spending. Retail partners are currently being signed up only in Singapore. The program comes following a \u003ca href=\"https://www.coindesk.com/singapore-airlines-launch-blockchain-based-loyalty-wallet/\"\u003eproof-of-concept trial\u003c/a\u003e carried out jointly with KPMG and Microsoft.\u003c/p\u003e\n\u003cp\u003e\u003cimg src=\"https://hackernoon.com/images/1*SH7C4gtxYVB3ACDUt0D27A.gif\" alt=\"\"\u003e\u003c/p\u003e\n\u003cp\u003e\u003cstrong\u003e4. Richest Royal Family in Europe Interested in Cryptocurrency Investment\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003eCrown Prince Alois of Liechtenstein, part of the richest royal family in Europe, has declared his \u003ca href=\"http://www.independent.co.uk/news/business/news/bitcoin-latest-updates-liechtenstein-royal-family-investment-trading-cryptocurrency-crown-prince-a8195221.html\"\u003einterest in cryptocurrency\u003c/a\u003e investment to protect its wealth. Although the state of Liechtenstein does not have the ability yet, Crown Prince Alois said that in the future it could be a good idea for the state to investigate the phenomenon. It would be part of a diversified approach, as the royal family is also considering investing in other assets. Furthermore, it was also added that \u003ca href=\"https://www.cnbc.com/2018/02/05/this-european-royal-family-might-invest-in-cryptocurrencies.html\"\u003eblockchain technology\u003c/a\u003e could improve the management of the principality.\u003c/p\u003e\n\u003cp\u003e\u003cimg src=\"https://hackernoon.com/hn-images/1*9Sk7PR01KfgmjOrvMV9YRQ.jpeg\" alt=\"\"\u003e\u003c/p\u003e\n\u003cblockquote\u003e\n\u003cp\u003eTo receive our daily news roundup in your mailbox, sign up here: \u003ca href=\"http://bit.ly/BlockExNewsRoundup\"\u003ehttp://bit.ly/BlockExNewsRoundup\u003c/a\u003e\u003c/p\u003e\n\u003c/blockquote\u003e","profile":{"avatar":"https://cdn.hackernoon.com/avatars/robot-a1.png","callToActions":[],"displayName":"BlockEx","handle":"BlockEx","allowSubscribers":true},"publishedAt":1517842746.798,"tags":["bitcoin","blockchain","cryptocurrency","south-korea","new-york"],"title":"05/02/2018: Biggest Stories in the Cryptosphere","backlinks":{"fetched":"2024-08-28T05:05:11.519Z","urls":["https://generalrelativity.org/blog/03052018-biggest-stories-in-the-cryptosphere/"]},"annotations":[],"draftId":"05-02-2018-biggest-stories-in-the-cryptosphere-c3be4a3b5d5a","fromMongo":true,"relatedStories":[{"id":"vVyaj5e6J3gcJaffZxSI","active":true,"category":[],"companyName":"Fastex","customAd":"https://cdn.hackernoon.com/images/img-ap23061.jpeg","firstColor":"#29c929","font":"HackerNoon","fontColor":"#FFFFFF","image":"https://cdn.hackernoon.com/images/img-q8130qx.jpeg","link":"https://bit.ly/4fb8Vca","logo":"https://cdn.hackernoon.com/images/img-8p3308w.png","parentCategory":["web3","gaming"],"secondColor":"#009300","tags":[],"text":"ftNFT YoCerebrum Awards 2024: Vote Now!","thirdColor":"#007200","type":"tag","website":"https://bit.ly/4fb8Vca"},{"id":"07-03-2018-biggest-stories-in-the-cryptosphere-e4608e633053","title":"07/03/2018: Biggest Stories in the Cryptosphere","slug":"07-03-2018-biggest-stories-in-the-cryptosphere-e4608e633053","mainImage":"https://hackernoon.com/hn-images/1*nfurHXt2iECkxlcreuU4SQ.jpeg","tags":["blockchain","smart-contracts","intellectual-property","patents","cryptocurrency"],"profile":{"displayName":"BlockEx","handle":"BlockEx","avatar":"https://hackernoon.com/fallback-profile.png"},"fromSlack":false,"publishedAt":"2018-03-07T15:18:39.492Z"},{"id":"06-02-2018-biggest-stories-in-the-cryptosphere-be42171cbed4","title":"06/02/2018: Biggest Stories in the Cryptosphere","slug":"06-02-2018-biggest-stories-in-the-cryptosphere-be42171cbed4","mainImage":"https://hackernoon.com/fallback-feat.png","tags":["bitcoin","cryptocurrency","cybersecurity","regulation","credit-cards"],"profile":{"displayName":"BlockEx","handle":"BlockEx","avatar":"https://hackernoon.com/fallback-profile.png","autoGenerated":true},"fromSlack":false,"publishedAt":"2018-02-06T15:00:11.810Z"},{"id":"06-09-2018-biggest-stories-in-the-cryptosphere-abd1740f0b69","title":"06/09/2018: Biggest Stories in the Cryptosphere","slug":"06-09-2018-biggest-stories-in-the-cryptosphere-abd1740f0b69","mainImage":"https://hackernoon.com/hn-images/1*0t6knoQKI2pDRuJSFZRqzw.jpeg","tags":["bitcoin","european-union","crypto","cryptocurrency","blockchain-technology"],"profile":{"displayName":"BlockEx","handle":"BlockEx","autoGenerated":true,"avatar":"https://hackernoon.com/fallback-profile.png"},"fromSlack":false,"publishedAt":"2018-09-06T15:20:55.119Z"},{"id":"0-to-pro-crypto-trader-your-ultimate-guide-to-bitcoin-and-altcoin-investing-e3d7b3840125","title":"0 to Pro Crypto Trader: Your Ultimate Guide to Bitcoin and Altcoin Investing","slug":"0-to-pro-crypto-trader-your-ultimate-guide-to-bitcoin-and-altcoin-investing-e3d7b3840125","mainImage":"https://hackernoon.com/fallback-feat.png","tags":["bitcoin","coinbase","btc","cryptocurrency","cryptocurrency-investment"],"profile":{"github":null,"callToActions":[{"name":"Ask Me Anything!","icon":"far fa-brackets-curly","active":true,"id":"c7ccba4a62b85-brand","url":"https://www.worth.yt/kenny"},{"name":"Read My Stories","icon":"fa fa-book","active":true,"id":"0df49a1687cba","url":"https://hackernoon.com/u/kennymuli"},{"icon":"far fa-brackets-curly","name":"Ask Me Anything!","active":true,"id":"46196dc6e0a86-brand","url":"https://www.worth.yt/kenny"}],"displayName":"Kenny Li","facebook":null,"bio":"Investment Analyst @ SenseTime. 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