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#NewsFridayDigiFinex 2020 Week 4

Get the latest crypto news with #NewsFridayDigiFinex! On this week:

Singer Akon to Build “Real-Life Wakanda”: A 100% Crypto-Based City

[Photo: By U.S. Embassy Nairobi – Flickr.com, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=73553333%5D

Senegalese-American singer Akon signed an agreement with the Senegal government to build a 100% crypto-based city in his hometown Senegal named Akon City, with its own token – AKoin. Akon planned for the city to be renewable with a focus on solar energy. 

[Source: Dezeen]

6 Banks Formed Working Group to Share Potential Use Cases for Central Bank Digital Currencies

[Photo by Expect Best from Pexels]

Six central banks of Sweden, Canada, Switzerland, the U.K., Japan, as well as the European Central Bank (ECB), have formed a working group with Bank of International Settlements (BIS) to share findings for potential use cases of central bank digital currencies (CBDC). The development of digital currencies by central banks seem to be on the rise – prior to this, Bank of England, Thailand, and China have already proposed or started with their own version of digital currencies. 

[Source: Coindesk]

American Stock Broker Peter Schiff Lost Access to Bitcoin Wallet, Stirs Twitter Debate

[Photo by Gage Skidmore, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=25238919]

American stock broker and Bitcoin sceptic Peter Schiff claimed that lost access to his Bitcoins due to “wallet [corruption]”. In an online Twitter conversation with Erik Voorhees (Founder of crypto exchange Shapeshift) who helped him set up a Bitcoin wallet, it was believed that Schiff had only saved his password, but not his private key. In an interview with Kitco News, Schiff mentioned that these cryptocurrencies were gifted to him by various people, amounting to approximately $2,000 worth. 

[Source: Kitco News & Twitter]

Singapore Businessman Kidnapped for $1M Ransom in BTC, Friend Turned out to be Mastermind

[Photo from Pixabay]

Singaporean businessman Mark Cheng was recently kidnapped in Thailand while on a business trip. He was tortured for a ransom of $1M (SGD) in Bitcoin. Cheng transferred all his available BTC worth $46,000 SDG and managed to escape. It later turned out that his associate and travelling companion Kim Lee Yao Wei was the mastermind behind all the kidnapping. Cheng sought for treatment in the Thai hospital, and will be testifying Kim in court. Speaking of #Top10AnimeBetrayals

[Source: Cointelegraph]

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