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Bitcoin Ransom Demanded for Politician’s Daughter, Crypto-Illiterate Father Brings Her Home Alive and Unmolested

  • Yuri Molchan
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    A Nigerian politician paid a ransom in Bitcoin to ensure his daughter’s freedom and safety with little knowledge of crypto or how to make Bitcoin transactions

Bitcoin Ransom Demanded for Politician’s Daughter, Crypto-Illiterate Father Brings Her Home Alive and Unmolested
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Contents

Local media reports that last week, the 24-year-old daughter of Dr. Umar Ardo, a Nigerian politician, was kidnapped in Maitama, the capital of Nigeria.

Gangsters demanded that he paid ransom in digital currency.

Bitcoin saves another human life

Bitcoin is frequently preferred by kidnappers as means of payment to save their victims instead of cash. This time, a daughter of a Nigerian politician was abducted in the capital of Nigeria and her father, Dr. Umar Ardo, did not even know how to use crypto or conduct transactions.

A lawyer of Umar Ardo wrote on social media that the kidnappers demanded $15,000 in BTC and he had to pay the ransom to get his daughter back safe and sound.

The girl, Aisha, was abducted as she came out of a supermarket in the evening.

As per the local press, Ardo demanded that the gunmen do not kill his daughter or molest her:

“I then said okay I will cooperate and negotiate with you on one condition; that is if you give me two promises. One, that you will not harm my daughter, by which I meant you won’t kill her. Secondly you will not molest my daughter by which I meant you won’t rape her.”

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Learn a new thing every day

As per news reports of Nigerian outlets, Umar Ardo was crypto illiterate but the criminals told him if he wanted to release his daughter, he had to learn about Bitcoin and how to send it.

Eventually, he got somebody to do the transaction for him. Aisha was released soon after that.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Nationwide Blockchain of China Finally Preparing for Launch

  •  Denis Sinyavskiy
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    China launching nationwide blockchain service in beta mode until March 2020. It must push forward digital economy and smart cities

Nationwide Blockchain of China Finally Preparing for Launch
Cover image via www.123rf.com

China continues to take steps toward the digital economy and smart cities by officially releasing a nationwide blockchain service network, XINHUANET says.

Blockchain service network expectations

UnionPay, State Information Center (SIC), China Mobile and three other organizations worked on a system that will help China lead the blockchain technology market. Blockchain beta testing has already been announced and will last until March 2020, and all content and services will be available for free till that date.

BSN is expected to accelerate the development of digital technology and smart cities, as well as foster the development of new technology and industries.

What about CBDC?

Earlier, U.Today reported, that China has come close to creating its own cryptocurrency and may even launch it this fall, but then there was information that the national digital currency will appear later.

But China will not become the first country to introduce a national cryptocurrency. The Kingdom of Bhutan has already done it this month, as we already reported.

So, what do you think? Does the launch of China's national blockchain mean that the country will become a leader? Write what you think about this in the comments section!

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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