The new Samsung Galaxy S10 features a storage system for private keys for blockchain-related systems. The new Samsung smartphone, the Galaxy S10, will include storage for private cryptocurrency keys, according to an official press release on Feb. 20. Samsung announced the launch of its new phone today in Seoul, San Francisco and London, which includes […]
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The government of Seoul plans to spend $1 billion to support blockchain and fintech startups via an investment fund. The Seoul Metropolitan Government has announced plans to invest more than $1 billion in blockchain and fintech startups by 2022, according to the official announcement published on Feb. 18. According to the release, the South Korean […]
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South Korea’s Busan has signed an MoU with blockchain firm Hyundai Pay to revitalize the blockchain industry. The South Korean city of Busan has signed a Memorandum of Understanding (MoU) with blockchain company Hyundai Pay, according to a press release published on Feb. 12. According to the announcement, South Korea’s second most populous city after […]
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The government of Seoul has sent letters of appointment to its recently launched Blockchain Governance Team set to explore blockchain deployment in administration services. The Seoul Metropolitan Government, South Korea, has issued letters of appointment to its Blockchain Governance Team set to integrate blockchain technology with the city’s administration services. The news was announced by […]
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Consumer trust in CBDCs could spell disaster for smaller private lenders, a new report warns. South Korea’s central bank issued a warning over central bank digital currencies (CBDCs) a week after saying it would not introduce one itself. The development was reported in local news outlet Yonhap News Agency, Feb. 7. CBDCs, which are also […]
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More and more crypto companies are taking the route of a reverse IPO, but will it pay off? In a transaction that has all the hallmarks of a reverse initial public offering (IPO) — also called a reverse merger — OKC Holdings Corp., which is the parent company of OKCoin and OKEx (the world’s second-largest […]
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A South Korean conservative party has declared that the implementation of blockchain tech will “improve the way the party operates.” South Korea’s conservative political party, the Liberty Korea Party (LKP), has declared their aim to use blockchain technology in four major areas, according to an official announcement published on Jan. 31 . The LKP, previously […]
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Bitfury partners with Seoul-based p2p research firm to launch several mining centers and a cryptocurrency exchange in Paraguay. Blockchain tech firm and Bitcoin (BTC) mining manufacturer Bitfury plans to launch several mining facilities in Paraguay, according to a press release published Thursday, Jan. 31. Bitfury has partnered with South Korean peer-to-peer knowledge commons research firm […]
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Two leaders of South Korean cryptocurrency exchange Komid were reportedly sentenced to serve jail time for faking exchange volumes. Two leaders of the South Korean cryptocurrency exchange Komid were reportedly sentenced to serve jail time for faking exchange volumes, Korean crypto media outlet blockinpress reports on Jan. 18. The exchange’s CEO, surnamed Choi, received a […]
Continue ReadingAn administrative district in southwest Seoul plans to use a blockchain-based system for evaluating proposals. A district in the South Korean capital has announced it will apply blockchain to its proposal evaluation system, privately owned local news agency Newsis reports on Jan. 16 According to the article, South Korea’s Yeongdeungpo-gu — an administrative district in […]
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