The second-largest power utility in Japan is extending its trial of a blockchain-powered system for transacting renewable energy credits. The second-largest power utility in Japan is extending its trial of a blockchain-powered system for transacting renewable energy credits. According to a press release shared with Cointelegraph on Dec. 9, the Kansai Electric Power Co Inc […]
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South Korea’s government plans to tax capital gains returns on cryptocurrency transactions. The South Korean government plans to tax capital gains on cryptocurrency transactions. A Dec. 9 report from The Korea Times reveals that a revised bill to introduce the measure will be drawn up by the country’s Ministry of Economy and Finance by the […]
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KT Corporation wants to use blockchain to streamline roaming processes with China Mobile, the Chinese operator with which it is also partnering on a 5G rollout. South Korea’s largest telecoms provider, KT Corporation, is boosting a partnership with China Mobile targeting blockchain technology and 5G roaming. As local English-language news outlet The Korea Herald reported […]
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DXM, subsidiary of UpBit stakeholder Dunamu, works with crypto cybersecurity firm Ledger to launch an institutional crypto asset custody service. DXM, a financial services subsidiary of South Korean fintech firm Dunamu, has worked with crypto cybersecurity firm Ledger to launch an institutional crypto asset custody service. The partnership and the new custodian Industry news outlet […]
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Major South Korean cryptocurrency exchange Upbit has lost 342,000 ETH. All users will soon be reimbursed with corporate funds. On Nov. 27, major South Korean cryptocurrency exchange Upbit announced that 342,000 Ether (ETH), accounting for roughly $50 million, were stolen from its hot wallet earlier that day. Details remain vague, and some users are suggesting […]
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British banking giant HSBC will digitize paper-based records of $20 billion in private placements with blockchain technology by March 2020. British banking giant HSBC plans to move $20 billion worth of assets to Digital Vault, a new blockchain-based custody platform by March 2020. By deploying the platform, the global investment bank aims to digitize paper-based […]
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Crypto exchange UpBit announced that 342,000 ETH worth about $50 million were sent to an unknown wallet. Major South Korean cryptocurrency exchange — run by a subsidiary of Korean tech giant Kakao — has notified users of the theft of 342,000 Ether (ETH) from its hot wallet. The incident was confirmed in an official statement […]
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News that South Korean exchange Upbit had lost control of 342,000 ETH appeared to send shockwaves through Bitcoin markets, which lost $7,000 support. Bitcoin (BTC) fell below $7,000 once again on Nov. 27 as fresh selling pressure suddenly impacted already fragile markets. Cryptocurrency market daily overview. Source: Coin360 Likely exchange hack rocks BTC price Data […]
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The South Korean National Assembly has progressed a bill to provide a legal foundation for cryptocurrencies in the country. South Korea’s National Assembly is progressing a bill that will provide a legal basis for cryptocurrencies in the country. The bill categorizes virtual currencies as digital assets and intends to bring regulatory clarity and transparency to […]
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Identity digitalization: How China is taking major steps to use blockchain in the government sector. News on crypto and blockchain technology is coming in abundance from China. This became especially true in late October 2019, when the Chinese President Xi Jinping called for accelerating the use of blockchain technology in the country. President Xi identified […]
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