CIA, Latinos and Buterin’s Trades | Day summary for December 7 with Skyrex

07.12.2021 11:25 pm

🐳 The third largest Bitcoin whale today bought 2,702 BTC and brought its balance to an all-time high of 118,017 BTC.

πŸ‡ΊπŸ‡Έ The US Central Intelligence Agency (CIA) has announced that it has several crypto projects.

According to Director Bill Burns, the US Central Intelligence Agency (CIA) has developed several projects in the field of cryptography.

At The Wall Street Journal’s Board of Directors Summit, Burns said cybercriminal gangs are expanding their reach in terms of attack scale, number and complexity.

Earlier this year, cryptocurrencies were mired in several high-profile ransomware scandals, most notably the Colonial Pipeline hack.

News of the CIA’s involvement in cryptocurrency has revived some outdated conspiracy theories about the agency’s role in the creation of bitcoin.

🧬 Vitalik Buterin published his vision of the Ethereum 2.0 framework called Endgame, where he counteracts resistance with sharding.

An updated Endgame roadmap, introduced by Buterin, includes a “second tier of staking with low resource requirements” for validating allocated blocks.

The upcoming network upgrade will also provide “anti-fraud and ZK-SNARKS functionality that allows users to directly (and cheaply) verify block validity.”

πŸ‡¨πŸ‡΄ The largest bank in Colombia, Bancolombia, in partnership with the Gemini crypto exchange, begins offering cryptocurrency trading services.

Gemini and Bancolombia are an initial partnership providing bank services to a group of Colombian clients with seamless entry and exit to trade Bitcoin (BTC), Ether (ETH), litecoin (LTC) and Bitcoin Cash (BCH) through the Gemini exchange.

Gemini said his involvement in Latin America is an important element on the path to America’s strategic expansion.

Add on the exchange:

Our partnership is part of an annual pilot program by Colombia’s financial regulator, Superintendencia Financiera de Colombia (SFC), to offer users seamless and secure access to cryptocurrency.

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