Mayor of Seoul commits $108m to blockchain-powered smart city initiatives

The mayor of South Korea’s capital Seoul, Park Won-Soon, has committed to investing $108m (£83m) towards developing blockchain hubs within the city. Park’s announcement came amid a diplomatic visit to Zurich, where he announced plans to create two business complexes in Seoul which would become home to 200 blockchain-based companies by 2021. These hubs would […]

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Venezuela Mandates Passport Fees Must Be Paid in Controversial Cryptocurrency Petro

Petro, the cryptocurrency touted as a way out of Venezuela’s financial crisis, will become the only payment method for passports starting Oct. 8. Venezuelans can only use the state-backed cryptocurrency, the Petro, to pay for passport fees starting next week, the country’s vice president Delcy Rodriguez said in a press conference Friday, Oct. 5. Ahead […]

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Hodler’s Digest, October 1-8: WSJ Gets In and Out of Crypto, While BofA Sees a $7 Billion Future for Blockchain

The Wall Street Journal creates, then gets rid of, its own cryptocurrency and the Petro may be ready for public sale in November. Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, […]

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‘Huge Cash Flows’: Lithuania Voices Concern Over ICO, Crypto Trading

Lithuanian regulators are focusing on ICOs and cryptocurrency trading in new investigations and potential policy reforms. Lithuanian authorities held a seminar examining the “threats and potential benefits” of Initial Coin Offerings (ICO) to the country’s economy, a press release reported Wednesday, October 3, amid an ongoing investigation into cryptocurrency trading habits. The Financial Crime Investigation […]

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Ahead of Traditional Banking: How Africa Employs Blockchain For Financial Inclusion

Sierra Leone is set to create a national, blockchain-based credit bureau. On September 27, at the 73rd Session of the U.N. General Assembly (UNGA), Sierra Leone’s president Julius Maada Bio made an announcement where he declared that his country had set a new goal to create a national, blockchain-based credit bureau to “radically transform” the […]

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Korea’s Largest VC Firm Makes First Investment in Enterprise Blockchain Startup

KIP is known for its investments in high-ranking firms, including Naver and Kakao. South Korea’s largest venture capital (VC) firm, Korea Investment Partners (KIP), is investing in its first blockchain startup, TEMCO, according to an October 1 press release. KIP is known for its investments in high-ranking firms that include Naver — Korea’s largest search […]

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