Your Daily Crypto News on Steemit September 12, 2017

• Experts in Finland: Bitcoin is revolutionary!
• Uncertainties in China strengthen LocalBitcoins!
• Is North Korea behind the Hacker Attacks on South Korean Crypto Exchanges?
• BTC-e Operator Alexander Vinnik: "I am not guilty!"
• Bitcoin Marketplace OpenBazaar integrates TOR!

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Experts from the Finnish Central Bank describe the system behind Bitcoin as revolutionary.

The results of an analysis by three economists were published in a circular for the Bank's employees, which had already been sent on September 5th. First of all, they are based on Bitcoin's particular infrastructure; later it is said that the technology is "a monopoly, which is guided by a protocol".

However, the three authors, Gur Huberman, Jacob Leshno and Ciamac Moallemi, also explain that the crypto currency is protected by its special properties from interference and manipulation.

The experts wrote:

Furthermore, the authors explained that the crypto currency can not be regulated because of the particular nature of the technology.

The economic experts also wrote:

In addition, the report states that the views of the experts do not reflect the central bank's position. Nevertheless, the Finnish Central Bank is interested in the development of the technology.

Last year, for example, the bank organized a seminar on the subject of blockchain. Invited were scientists, civil servants and entrepreneurs, who worked for further investigations at the blockchain. The Finnish government also seems to be positive about the technology. For example, the city of Kouvola in the south of Finland had received € 2.4 million in research for the benefit of the blockchain in the transport of goods.

The authors of the report also call for further research into the technology of scientists.

"(Bitcoins) obvious functionality and applicability should drive economists to examine the miraculous structure more closely," the authors concluded the report.

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Recent developments on the Chinese market have led to short-term price falls in the past few days, but the chaos seems to be a silent winner: the LocalBitcoins platform.

Bitcoins local buy

The Chinese market saw chaos and spongy statements. Initially, translations of the Chinese newspaper Caixin showed that the trading of crypto currencies was temporarily suspended. In the world wide community, these news led to nervousness and disgrace.

But: Currently it seems to have been shown that the People's Bank of China (PBOC) makes a small but significant difference between the coins. Thus, only the tokens created by ICOs are affected by a temporary ban, since these are, according to the PBOC, an illegal crowdfunding. Crypto currencies in general are not forbidden, but official representatives have to express themselves more precisely on the situation.

The picture published by @cnLedger on Twitter is intended to show the affected ICO tokens and on what exchanges they were banned. While the trade on the official exchanges decreased, new peaks appeared on the weekly LocalBitcoins trading volume.

The platform did not reach its peak until February of this year, when trading on the crypto exchanges had to be suspended temporarily. LocalBitcoins allows Bitcoin to be purchased locally. Users log on, make a request or offer, make a meeting point, and conduct trading.

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South Korea is one of the countries where trade in crypto currencies has risen most over the past six months. This is accompanied by an increase in hacker attacks on South Korean crypto exchanges. According to the news portal Bloomberg behind it now the neighboring state of North Korea is suspected.

According to this, North Korean hackers are trying to capture Bitcoin for the regime. Bloomberg refers to a report by the IT security provider Fire Eye, which had documented and investigated the North Korean actions over the past year. An overview of the individual cases covered by Fire Eye can be found here.

According to the report, South Korean crypto exchanges have been under attack by North Korean hackers since April this year. Thus the beginning of the large-scale hacker activity of North Korea in the southern part of the Korean half island would fall into the era of the rapid rise in the use of crypto currencies, especially Bitcoin. In total, three South Korean crypto exchanges are to be affected by the attacks. It was stolen by the exchange markets directly as well as by individual users.

North Korea is internationally isolated, the conflict with the USA intensified for several months. According to the recent nuclear test of the Kim regime, China is now increasingly distancing itself from the North Korean leadership and has withdrawn a hand that has so far been held guardively over its small neighbors.

On Monday, the United States' new economic initiatives against North Korea were formally adopted by the United States. The sanctions are aimed at oil supplies to North Korea and aim to make the North Korean regime increasingly ineffective.

The appropriation of Bitcoin and other crypto currencies gives Kim Jong-Un new scope for action. As a currency independent of any state control, Kim could act as an instrument to at least partially circumvent the sanctions and thus to move funds, collect and store funds.

The reason for which South Korea has become the target of the alleged hacker attacks from North Korea lies, on the one hand, on the cultural and spatial proximity on the Korean peninsula. Above all, the absence of the language barrier for the North Korean hackers plays an important role. On the other hand, South Korea is attractive for hacks on crypto exchanges, as it is currently one of the largest commercial areas for Bitcoin. For example, the South Korea-based Crypto Exchange Bithumb is the second largest in the world and even the largest for the Ethereum trade. However, there is currently no reliable information on whether Bithumb is affected by hacker attacks.

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Alexander Vinnik speaks out of his home country. There the operator of the Russian crypto exchange BTC-e asserts his innocence.

In his first interview after his arrest, Alexander Vinnik talks to Russian media about the accusations raised against him by the US government. He emphasizes that he is not aware of any guilt and does not recognize the charges.

Vinnik says he has only done his work at BTC-e and that he can not be condemned. In addition, he had only been informed of the accusations, which were to be charged to him, only one month after his arrest. This was not done by American officials, but by his Russian lawyer.

Vinnik continued to criticize the American judiciary and stated that he could not understand how a Russian citizen could stand before an American court and be condemned.

Alexander Vinnik was arrested in Greece on 25 July after BTC-e was shut down by the US law enforcement agency. The Russian stock exchange is accused of being involved in money laundering activities. In the meantime, the crypto exchange is online again, but Vinnik is still being held.

Here are a few questions from RT to Alexander Vinnik and his answers in the interview:

Do you consider yourself guilty?

I do not consider myself guilty.

What can you say in fact charges?

The fact that I worked at BTC-e and performed my duties, and it's not justifiable to accuse me of it. I learned about the charge about a month after I was taken into custody. This was told to me by my Russian lawyer.

How did they detain you?

I was detained on the beach in Greece, searched the room, brought to the police Saloniki and three days later transferred to the prison of the city of Thessaloniki. I have no complaints about the detention in prison.

What do you need in prison?

Nothing, if only the means of communication.

You refused to voluntarily surrender the United States. Why

Because I believe that I did not do anything illegal - it's time. Two - I do not understand what the US has to do with me and what right they have to judge a Russian citizen.

If you have the opportunity to address the Russian president, what will you tell him?

I will say that he needs such specialists in the field of information technologies, like me, and I can help with my knowledge in this field.

And what would you say to the President of the United States, if you had such an opportunity?

I would say that he would deal with the affairs of his country. I think he has enough to do. If I am guilty of something, then my country should judge me.

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The OpenBazaar open source marketplace team has released the beta version for the upcoming 2.0 release.

The beta version was released this weekend and offers some new features. The integration of the well known TOR network (The Onion Router), which is most likely to allow anonymous surfing on the Internet, is the most common. This anonymity is now also to be used for the market place OpenBazaar, whereby updates are intended to keep the speed of the website still high.

OpenBazaar wants to further the decentralization of the online trade a reason more for the market place to set on bitcoin.

The new version has been built on the InterPlanetary File System, a protocol for decentralized data storage. This means that listed articles can be re-uploaded by other users. Online orders should be able to be issued even if the store is not connected to the Internet.

Although goods can be purchased with Bitcoin, the team still points out that there are still some bugs to fix and it can happen that the fees are set too high.

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I wish you all a lovely Tuesday!!!
Best regards