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South Korea Crypto Industry More Optimistic Than Ever Despite Bear Market

Throughout the past two months, investors in the local crypto market of South Korea have continuously expressed their optimism towards a drastic change in the regulatory landscape of crypto. Since early February, the crypto market has endured the third-worst correction in its history, experiencing a 78 percent decline in price. Despite the bear market, the The post South Korea Crypto Industry More...
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South Korea Budgets a Trillion Won for Blockchain Tech in 2019

South Korea’s government has earmarked a 5 trillion won ($4.4 billion) budget toward its ‘Growth through Innovation’ investment program in eight critical sectors with a particular focus on blockchain and AI. In a meeting in Seoul on Monday, South Korea’s finance minister Kim Dong-yeon confirmed plans of a 5 trillion won investment toward its innovation The post South Korea Budgets a Trillion Won f...
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Goldman Sachs, Wall Street Banks Sink $32 Million into Enterprise Blockchain Startup

We may, as Lightning Labs CEO Elizabeth Stark said earlier this year, be entering a “bitcoin not blockchain” world, but the global banking cabal isn’t ready to capitulate on its support for enterprise blockchain products just yet. Indeed, Axoni, an enterprise blockchain startup founded in 2013, has just concluded a $32 million Series B funding The post Goldman Sachs, Wall Street Banks Sink $32 Mil...
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$11 Million: Identitii Launches Australia’s Second ASX Blockchain IPO

Identitii Limited, a blockchain-based digital identity management innovator, has launched an $11 million IPO on the Australian Securities Exchange (ASX). The Australian company aims to sell 14.6 million shares at the rate of 75 cents per unit. The proceeds will be used for the additional development and marketing of Identitii’s anti-money laundering solution, Serra. The The post $11 Million:...
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Jeju Island Aims to Become an ICO-Friendly Blockchain Hub Inspite of South Korea Ban

South Korea’s Jeju island is proposing a plan to become a blockchain haven wherein initial coin offerings (ICOs) would be allowed in the autonomous province despite the ongoing ban in the mainland. According to a report by the JoongAng Daily on Monday, the governor of Jeju Island has formally proposed that the central government of The post Jeju Island Aims to Become an ICO-Friendly Blockchain Hub...
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Facebook: We’re Not Building a Cryptocurrency on Stellar

Social media conglomerate Facebook denied reports that its blockchain task force is considering launching a cryptocurrency project through a partnership with Stellar. Citing a Facebook spokesperson, financial news outlet Cheddar reports that the company will not be building on the Stellar protocol, nor has its cryptocurrency division held discussions with the project about forking Stellar The post...
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Interview: Blockchain Startup Havven Brings EOS its First Stablecoin

Havven, a decentralized payment network and stablecoin, has decided to launch on the EOS blockchain and will airdrop half of its new HAV tokens on the EOS blockchain to existing HAV holders on Ethereum. Havven wants to ensure that the payment network’s success does not depend on one blockchain. The Havven/EOSIO partnership was announced at the The post Interview: Blockchain Startup Havven Brings E...
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Crypto Conglomerate Bitmain’s $18 Billion IPO Will Initiate FOMO Among Investors

Bitmain, the biggest crypto conglomerate in the global market, is expected to conduct one of the largest initial public offerings (IPOs) in history, alongside Visa and Facebook. $18 Billion IPO Throughout July, Bitmain, the Chinese crypto and blockchain corporation, touted its plans to initiate an IPO valued at $15 billion. It invested in multi-billion dollar The post Crypto Conglomerate Bitmain’s...
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South Korean Government to Promote Blockchain Training as Part of ‘4th Industrial Revolution’

South Korea’s Ministry of Science and ICT will promote the training of blockchain technology as part of an effort to prepare young people for what it calls the “Fourth Industrial Revolution.” Blockchain technology is included in courses that have recently been announced by the Ministry of Science and ICT. The Ministry of Science and ICT The post South Korean Government to Promote Blockchain Traini...
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WeChat Trials Using Blockchain Tech to Reimburse Employee Expenses

WeChat, a messaging, social media and financial services app owned by Tencent Holdings Limited, has deployed a blockchain electronic invoice system at Shenzhen Guomao Rotary Restaurant, making the city of Shenzhen the first in China to issue invoices with blockchain technology. The blockchain invoice process, which encompasses payment, invoicing and reimbursement, was created in partnership The po...
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