S. Korea: Mobile Messaging Giant Kakao and Stablecoin Project Terra Have Partnered in Blockchain Payment System

A South Korean messaging giant Kakao Corp jointly with stablecoin project Terra to launch a blockchain-based payment system. Kakao Corp, the major internet conglomerate and service provider for popular South Korean messaging app KakaoTalk, and a new stablecoin project, dubbed Terra, have signed a partnership agreement to develop the latter’s blockchain-based payment system, local news […]

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Messaging Giant Kakao Corp Releases Blockchain Platform Testnet Ahead Of Q1 2019 Launch

S. Korea’s mobile giant Kakao Corp’s proprietary blockchain platform Klaytn has entered its testnet phase with selected partners. South Korea mobile messaging giant Kakao Corp. unveiled the testnet version of its new blockchain platform Monday, October 8, ahead of a formal launch in Q1 2019, local media outlet Korea Herald reports. The platform, dubbed Klaytn, […]

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Venture Capital Investment in Blockchain and Crypto Up 280% in 2018, Report Shows

A new report from Diar reveals that “traditional” venture capital investment in blockchain and crypto firms has almost tripled in the first three quarters of 2018. “Traditional” venture capital (VC) investment in blockchain and crypto firms has almost tripled in the first three quarters of 2018, according to a new Diar report published September 30. […]

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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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South Korea’s Crypto Market Overview: How Largest Banks and Conglomerates Back Exchanges

The crypto market and blockchain sector in South Korea is thriving with the involvement of major banks and conglomerates. The crypto market and blockchain sector of South Korea, the third-largest digital asset exchange market in the world behind the United States and Japan, have some of the most robust systems and infrastructure in place to […]

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