Qiwi's CTO to Mine Hiddenly 500k BTC in 2011

According to 25/07/2018 rate, 500 000 Bitcoins is more than $4 000 000 000
25 July 2018   431

For three months of 2011, the Russian payment service  Qiwi employee mined over 500,000 bitcoins on the self-service terminals of the company. This is reported by vc.ru.

The security service of the company drew attention to the fact that at night the terminals transmitted information, and their load increased.

It took three months to find out why. As it turned out, the technical director of Qiwi installed on the terminals applications for bitcoin mining.

Director of Qiwi demanded the return of the bitcoins, arguing that the resources of the company were used for their extraction. But the miner left without ever following his request. His fate remains unknown.

According to Sergei Solonin, CEO, the company did not incur direct losses from the activities of the ex-employee. However, tenants of terminals that paid for electricity could suffer.

After exposing Qiwi employee, Solonin ordered to mine at all the company's terminals. However, the idea could not be realized, due bitcoin mining difficulty increase.

South Korea to Allocate $880M for Tech Including DLT

The goal is to "focus on promoting big data and AI, developing blockchain technology to ensure data management security and boosting the sharing economy"
16 August 2018   113

In 2019, the government of South Korea plans to invest more than $ 880 million in accelerating the development of innovative technologies, such as blockchain, CoinDesk reports.

Deputy Prime Minister Kim Dong Yeon held a ministerial meeting to work out an investment plan for the government to develop innovations for the next five years.

According to the website of the Ministry of Economy and Finance of South Korea, the government allocated 1 trillion won (about 880 million dollars) - 80% more than in 2018 - for the development of technologies like blockchaain, big data and AI in 2019. In addition, the agency said that in the next 5 year total investments of 8-9 billion dollars are planed.

The goal is to "focus on promoting big data and AI, developing blockchain technology to ensure data management security and boosting the sharing economy," the press release said.

The investment plan does not specify how much money will be invested in each of these areas separately. There's no info wether it will be allocated to mining facilities.

Earlier, the Ministry of Information and Communication Technology of South Korea reported that in 2019 will allocate $ 9 million to invest in blockchain start-ups. In addition, in June it became known that the same ministry was cooperating with other state agencies on the development of six pilot programs, within which the block would be used in large government services.