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      "body": "South Korea’s biggest company, Samsung, has been granted a five months contract by the Seoul Metropolitan Government to establish an Information Strategy Plan for Blockchain based innovations in Seoul City.\n\n“The Seoul Metropolitan Government plans to identify and design future models that can be applied to blockchains for welfare, safety, traffic, and other municipal affairs, and to examine business effects and feasibility,” the company said in a statement according to a rough translation.\n\nThe technology will be initially used towards securing personal information in welfare payments for youths and in used car sales with plans to roll it out to the entire municipal administration by 2022, according to Samsung.\n\n“Samsung SDS will analyze the environment for introducing and spreading the block chain technology throughout the city municipal government for five months according to the contract with the Seoul Metropolitan Government, and to plan future model design and systematic implementation plans,” the company said.\n\nThe specific blockchain to be used is Nexledger, a permissioned blockchain developed by Samsung SDS which joined the Ethereum Enterprise Alliance earlier this year when Kwang Woo Song, Vice President of Distributed Ledger Technology Business Group at Samsung SDS, stated:\n\n“Ethereum is one of the fastest growing blockchain technologies, with potential to provide exceptional benefit to enterprises. We look forward to active collaboration with the members of the alliance, and believe that there will be significant synergy opportunity to drive the adoption of blockchain in the enterprise space.”\n\nIt is not clear what technology Nexledger is based on, with the company stating in a brief overview of Nexledger that:\n\n“Samsung SDS developed and executed the platform ideology, architectural structure, component design, and development process for the Nexledger platform with the intention of serving enterpriselevel requirements,” it further adds:\n\n“Time latency, protocol maturity, technology suitability, and various other components were taken into consideration during the initial development stage of the platform.”\n\nSuggesting that this is all built by Samsung itself, but it is probable it is based on a template of sorts with Samsung most likely adapting Ethereum or Hyperledger as their blockchain has smart contacts.\n\n\nNexledger’s architecture.\nBlockchain’s popularity exploded last year with South Korea’s citizens in particular showing great interest in digital currencies.\n\nTheir biggest exchange, Bithumb, is the second biggest in the world by trading volumes, with South Korea at times leading price movements.\n\nIt appears their government, at least of the Seoul Metropolitan Area, is now also joining them to some extent with this unveiling of a strategic plan to blockchenize their civil service by 2022.\n\nSo following in the footsteps of their biggest company, Samsung, which itself appears to have laid out a proprietary and permissioned blockchain solution for enterprises in finance, digital identity, supply chains, digital payments and provenance.",
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      "body": "Regulation\n\nGovernments across Africa are striking a firm tone regarding bitcoin and cryptocurrencies, with Algeria’s congress expected to ban all cryptocurrencies, and Kenya’s central bank warning against the risks of cryptocurrency, and an advisor to Ghana’s ministry of communications describing “fear of the unknown” as the principal barrier to greater adoption of virtual currencies. In other news, a Kenyan man has negotiated to pay the ‘goat portion’ of his dowry using bitcoin.\n\nAlso Read: Morocco Threatens Bitcoiners, Announces Ban\n\nKenyan Central Bank Fears Bitcoin May Comprise “Ponzi Scheme”\n\nRegulation Round-Up: Kenya, Ghana and Algeria Fudding and Fighting Bitcoin and CryptocurrenciesThe Governor of the Central Bank of Kenya (CBK), Dr. Patrick Njoroge has warned Kenyans against the risks and lack of protections afforded to cryptocurrency traders. 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Speaking at the recent Global Financial Forum in Dubai, Dr. Njoroge stated: “If you’re the regulator, you have to be careful that all risks are taken care of, including in cryptocurrencies, but we’re very open to innovation.”\n\nKenyan Citizen Arranges to Partially Pay Dowry Using Bitcoin Rather Than Goats\n\nRegulation Round-Up: African Governments Hesitant on Bitcoin and CryptocurrenciesThe topic of bitcoin has been in Kenya’s news cycle recently, following Kenyan citizen, Anthony Mburu’s decision to pay a portion of his dowry using bitcoin. The young bitcoin miner negotiated to pay the ‘goats portion’ of his dowry using bitcoins – and has so far paid the equivalent of 25 of the 100 required goats.\n\nThe 26-year-old Mr. Mburu quit university in 2010 only one semester into an engineering course. Mr. Mburu recently discussed his decision with Kenyan media, stating “Formal education is good. It will give you an average life. You’ll eat, have your mortgage, car loan and all that — live an average life; struggle through life to the end.” Since discovering the cryptocurrency, Mr. Mburu states that his entire life has come to revolve around bitcoin. “Everything is bitcoin. Where I live, bitcoin; what I drive, bitcoin; investment, bitcoin. It will be a bitcoin wedding,” he said.\n\n“Fear of the Unknown” Hinders Ghanan Bitcoin Adoption\n\nRegulation Round-Up: African Governments Hesitant on Bitcoin and CryptocurrenciesGhana’s cybersecurity advisor to the ministry of communications, Albert Antwi Boasiako, has described “fear of the unknown” as the principal barrier to greater cryptocurrency adoption throughout the African nation. Speaking at the recent Ghana Blockchain Conference, Mr. Boasiako stated “We have our fears about cryptocurrency but discussions are still going on. Our country is still hesitant to adopt Bitcoin as a legal tender is the fear of the unknown.”\n\nMr. Boasiako emphasized the need for Ghana’s tech community to mobilize in order to demystify cryptocurrencies, stating “We are battling fear, the state doesn’t want to move forward because it doesn’t know what’s there. To demystify cryptocurrency, we need a community-driven agenda. 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It is characterized by the absence of physical support such as coins, banknotes, payments by check or bank cards,” specifying that “Any violation of this provision is punished in accordance with the laws and regulations in force.”\n\nAn accompanying memorandum emphasizes the concerns that bitcoin’s potential anonymity sparks among Algerian lawmakers, stating “Algeria hopes to establish a stricter control over this kind of digital transaction, which can be used for drug trafficking, tax evasion, and money laundering thanks to the guaranteed anonymity of its users.” The document asserts that despite cryptocurrencies having “long been the prerogative of illegal transaction,” they are able to “get rid of their bad reputation in democratizing and attracting a wider audience.”\n\nWhat do you think of the increasing suspicion of African governments regarding bitcoin and cryptocurrencies? Share your thoughts in the comments section below!\n\nImages courtesy of Shutterstock, Wikipedia\n\nNeed to calculate your bitcoin holdings? Check our tools section.",
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      "body": "Sen. John McCain is blasting Hillary Clinton for penning a memoir so soon after her stunning defeat in the 2016 presidential election while also noting that her problem is “she doesn’t have anything to do.”\n\n“What's the f------ point? Keep the fight up?” McCain, R-Ariz., says in suggesting in an interview with Esquire published Monday that Clinton erred in writing “What Happened” when she did and then going on a media blitz to promote it.\n\n“History will judge that campaign, and it’s always a period of time before they do,\" the senator told writer David Usborne. \"You’ve got to move on. This is Hillary’s problem right now: She doesn’t have anything to do.”\n\n\nMcCain, 81, who is being treated for brain cancer, told the magazine that he resisted the temptation to immediately set the record straight about his 2008 loss to Barrack Obama.\n\n“You’ve got to understand that you can’t rewrite history,” he said. “One of the almost irresistible impulses you have when you lose is to somehow justify why you lost and how you were mistreated: ‘I did the right thing! I did!’ The hardest thing to do is to just shut up.”\n\nClinton published her tell-all in September.\n\nIn it, she holds herself partly responsible for her upset loss to Donald Trump.\n\n\"I go back over my own shortcomings and the mistakes we made,” she wrote. “I take responsibility for all of them. You can blame the data, blame the message, blame anything you want -- but I was the candidate. It was my campaign. Those were my decisions.”\n\nBut she also casts blame on her Democratic rival Bernie Sanders for his attacks on her during the primary, former FBI Director James Comey for his handling of the investigation into her private emails and Russian President Vladimir Putin for the hacking of her campaign manager’s emails.",
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