While the nation’s second-largest bank is remarkably active in registering novel blockchain-powered solutions, critics fear that this might be not in the industry’s long-term interest. Earlier this week, Bank of America (BofA), one the United States’ largest financial institutions, made a massive splash in the crypto sphere as the details of its recently registered patent, entitled […]
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A Securities and Exchange Commission filing appears to reveal the first known Telegram ICO investor outside of Russia. According to a filing with the United States Securities and Exchange Commission, the Chinese company The9 Ltd bought 5,297,257 tokens during a Telegram initial token offering in January 2018 for $2 million dollars. The filing also states […]
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Regulatory innovation is no longer a matter of choice, it is a matter of survival, South Korea’s President Moon Jae-In said. South Korea’s President Moon Jae-In stated that regulatory innovation regarding blockchain technology is now a question of survival. Regulatory innovation is not a matter of choice anymore, it is a question of survival The […]
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The anti-ICO chairman of South Korea’s Financial Services Commission has resigned from his post, just before the end of his term in office. Financial Services Commission (FSC) chairman Choi Jong-ku, a governmental official in South Korea who took a hard line on domestic Initial Coin Offerings (ICOs), has tendered his resignation. The Korea Times reported […]
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South Korea has the highest blockchain patent grant rate, followed by Japan, according to London-based law firm Withers & Rogers. South Korea has the highest blockchain patent grant rate, according to London-based law firm Withers & Rogers. Meanwhile, Japan comes at a distant second, Intellectual property business media platform IAM reports on July 23. Getting […]
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South Korean authorities estimate that crypto-related crimes have caused 2.69 trillion won of financial damages between July 2017 and June 2019. The South Korean Justice Ministry estimates that cryptocurrency-related crimes have caused 2.69 trillion won (about $2.28 billion) of financial damage between July 2017 and June 2019. According to a July 21 report by English-language […]
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The U.S. congressional hearings on Libra may determine the future of the project. Here is what regulators think about Facebook’s crypto… This week is crucial for the future of Libra: Facebook’s cryptocurrency project will be subject to two back-to-back hearings in the United States Congress. First, the Senate Banking Committee will discuss the token on […]
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Everything you need to know about municipal cryptocurrencies and where in the world they are being implemented. States, provinces and municipalities could use cryptocurrencies to fund projects and programs. Municipal cryptocurrencies — that is, cryptocurrencies launched by cities — could offer citizens a new way to invest in a certain location and even buy goods […]
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Binance is in talks with local partners in South Korea for potential launch of a new subsidiary. Binance, the world’s largest crypto exchange by daily trading volume to date, is reportedly planning to set up a branch in South Korea. Malta-based crypto exchange Binance is working with local partners in South Korea to launch a […]
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Six Chinese citizens have been arrested in Vanuatu and extradited to China as part of an ongoing investigation regarding the alleged crypto pyramid scheme PlusToken. Vanuatu, a Pacific Island country, has extradited six Chinese citizens to the mainland, according to a report by Odaily Planet Daily on July 10. The suspects were reportedly arrested in […]
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