Major South Korean messaging app operator Kakao Corp reported $57.5 million in operating expenses related to new tech, including blockchain and AI. South Korean internet giant and messaging app operator Kakao Corp has published its Q4 2018 report that covers blockchain and AI operating expenses, Korean news website ZDNet reports Thursday, Feb. 14. According to […]
Continue Reading
London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for forex trade settlement by a quarter. London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for foreign exchange (forex) trade settlement by a quarter, Reuters reported on Feb. 14. According to Mark Williamson — chief operating officer of forex cash trading […]
Continue Reading
Cryptocurrency exchange OKEx has launched Thai Baht trading support to its client-to-client platform. Top five Cryptocurrency exchange OKEx has launched support for Thai baht-crypto trading on its client-to-client (C2C) platform, a press release shared with Cointelegraph on Feb. 14 reveals. According to the press release, currently only Bitcoin (BTC), Tether (USDT), Ethereum (ETH) and Litecoin […]
Continue Reading
The Ministry of Justice of Russia does not see the need to legislate the concept of cryptocurrency so far, according to a recent report. The Ministry of Justice of Russia does not see the need to legally define the concept of cryptocurrency at this point, state-owned news agency TASS reported on Feb. 13. Alexander Konovalov, […]
Continue Reading
The Enterprise Ethereum Alliance will form a “token task force” in the first half of 2019 to contribute to entreprise tokenization. The Enterprise Ethereum Alliance (EEA), global blockchain community with over 500 members, will launch a “token task force” in 2019, EEA confirmed to Cointelegraph in correspondence on Feb. 13. The executive director of the […]
Continue Reading
South Korea’s largest telecommunications company, KT Corporation, announced that it will develop a local currency platform in the South Korean city of Gimpo. South Korea’s leading telecommunications company, KT Corporation, has been selected to develop a local cryptocurrency in the South Korean city of Gimpo, local media outlet ZDNet Korea reports on Feb. 14. The […]
Continue Reading
Ripple’s fundraising arm Xpring invests in a startup that develops applications for XRP Ledger. Ripple’s fundraising arm Xpring has invested in XRPL Labs — a startup that develops applications for the XRP ledger, the company announced in a blog post on Feb. 13. Xpring’s director Vanessa Pestritto has announced that Wietse Wind — a long-time […]
Continue Reading
The chief financial officer of crypto exchange Binance — currently the world’s largest by daily traded volume — has said business remains profitable, despite the market downturn. The chief financial officer (CFO) of crypto exchange Binance — currently the world’s largest by daily trading volumes — has said business remains profitable, despite the market downturn. […]
Continue Reading
IBM strikes a deal with one of the largest banks in Europe, Santander, to provide the financial institution with innovative technologies, such as blockchain and AI. One of Europe’s largest banks, Banco Santander, and tech giant IBM have announced an agreement to accelerate the bank’s development of technologies such as blockchain. The news was announced […]
Continue Reading
The Enterprise Ethereum Alliance is opening a new regional office in China. The Enterprise Ethereum Alliance (EEA) is opening a regional office in China, according to a press release shared with Cointelegraph on Feb. 14. According to the press release, Weijia Zhang, vice president of engineering at blockchain interoperability startup Wanchain, has been appointed as […]
Continue Reading