Blockchain Network of China Launches International Website
China’s blockchain-based Service Network (BSN) is the country’s nationwide blockchain project. And it has recently launched an official international website.
The latest English-language BSN website plans to help in delivering global developers to the project.
The CEO of Red Date Technology (a local private firm and a founding member of the blockchain-based Service Network), He Yifan, said that the new website lets developers use BSN services and public chain services through the portal.
Furthermore, the blockchain-based Service Network features six public chains’ live integration as part of the new global effort. And these include Ethereum (ETH), EOS, Nervos, Tezos, NEO, and IRISnet. This enables developers to establish decentralized applications (DApps) and run nodes through the data storage and bandwidth at overseas BSN data centers.
Based on the website, the blockchain-based Service Network to start the so-called Interchain Communication Hub by IRITA interchain service hub and decentralized network Chainlink by October 2020.
Also, the new website features several major global techs and blockchain companies as BSN partners. Then, they listed Google and Amazon as cloud service providers, while Hyperledger as a permissioned blockchain supplier.
He stated, “We have good support from several of the major cloud service providers because they really like the idea and vision of BSN.”
Initially piloted in October 2019, China’s blockchain Service Network is a government-backed blockchain initiative. And they first positioned this to support small to medium-sized businesses build and deploy blockchain apps on permissioned blockchains. Officially, they launched the program in April 2020 for global commercial use.
$300k XRP Theft
Meanwhile, a judge has sentenced Australian citizen Kathryn Nguyen to a maximum time of 2 years and three months in prison after stealing over 100,000 XRP tokens in January 2018.
In a report of the Australian publication Information Age on August 11, Nguyen faced a sentence over the theft for more than $300,000 in XRP two years ago. Initially, they charged her in October 2018 and pled guilty to fraud charges the following August.
The judge presiding over Nguyen’s case, Chris Craigie, expressed that it was a hard and troubling choice to send her to prison. The Australian national will be eligible for parole in October 2021.
In addition to that, Nguyen became one of the first people charged with the theft of crypto assets in Australia.
Back in January 2018, she reportedly hacked into the email of a 56-year old man with the same last name and stole all his XRP holdings before letting go of the account two days later. At the same time, the crypto asset was almost hitting its all-time high of $3.84.
After that, Nguyen transferred the XRP holdings to a Chinese crypto exchange, where she swapped the tokens for Bitcoin (BTC). Thus, it sent them to multiple wallets in what may have been an attempt to launder the funds. According to the 7News Sydney, authorities in China successfully recovered only about $9,000.
As of now, the value of XRP dropped to $0.30, making the amount of crypto stolen now worth roughly $30,000.
