FSM
Korea’s ‘poop-coin’ project got flushed in February, inventor reveals
The South Korean government has put the lid on a science program that created toilets designed to turn human waste into electricity, heat, and digital currency. The Science Walden project was revealed in July 2021 to the amusement of the crypto community and the wider public alike — introducing the “BeeVi” toilet which turned human excrement into methane gas and rewarded its “depositors” with a digital currency called Ggool. Speaking to Cointelegraph, Science Walden lead, and Professor Cho Jae-weon however revealed that in February this year, further development of the BeeVi toilet and its associated Feces Standard Money (FSM) digital currency has “unfortunately” halted after the scheduled end of the project’s five years of funding. “My project, Science Walden, unfortunately, came to an en...
U.S. warns Pacific islands about Chinese bid for undersea cable project
The United States has warned Pacific island nations about security threats posed by a Chinese company’s cut-price bid to build an undersea internet cable, two sources told Reuters, part of an international development project in the region. Huawei Marine, which was recently divested from Huawei Technologies Co Ltd and is now majority-owned by another Chinese firm, submitted bids along with French-headquartered Alcatel Submarine Networks (ASN), part of Finland’s Nokia, and Japan’s NEC, for the $72.6 million project backed by the World Bank and Asian Development Bank (ADB), the sources with direct knowledge of the project details said. The project is designed to improve communications to the island nations of Nauru, Federated States of Micronesia (FSM) and Kiribati. Washington sent a diploma...