The science and tech ministry of the South Korean government is going to run a study on blockchain regulations, looking at improvements needed for broader adoption. The South Korean Ministry of Science and ICT is going to run a follow-up study on blockchain regulations, according to a Yonhap News report on May 21. The study is […]
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The mayor of Seoul claimed that Seoul authorities plan to use blockchain in the integrated authentication system for citizen cards. The South Korean city of Seoul will implement blockchain technology in its citizen cards, Korean publication Queen.co.kr reports on May 20. Park Won-soon, the mayor of Seoul, has participated in the ongoing event “Korea Future […]
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Secretariat of the UN Framework Convention on Climate Change signed an MoU with blockchain firm W-Foundation. A climate change initiative of the United Nations signed a Memorandum of Understanding (MoU) with blockchain firm W-Foundation to collaborate on climate action, according to a press release shared with Cointelegraph on May 16. In accordance with the new […]
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A major crypto exchange in South Korea has shut down, showing the intensity of the brutal 16-month bear market that caused a wide range of issues for crypto businesses. The shutdown of Coinnest on April 18, one of the major crypto exchanges in South Korea, showcased the intense brutality of the 16-month bear market, which […]
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Dunamu gave funding to 26 blockchain startups as part of a multi-year investment roadmap. The parent company of South Korean cryptocurrency exchange Upbit has invested almost $50 million in blockchain startups since March 2018, English-language Korean business news outlet The Investor reported on May 15. Dunamu, which created a dedicated investment subsidiary, Dunamu & Partners, […]
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South Korean internet giant Kako has announced the release date of its blockchain platform. Ground X, the blockchain arm of South Korean internet giant Kakao Corp, has announced the launch date of its own blockchain platform, a Cointelegraph correspondent learned at Consensus 2019 on May 13. Per the announcement, the Klaytn mainnet will launch on […]
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Joseph Lubin, founder of blockchain tech company ConsenSys, said that the situation with cryptocurrency trading platform Bitfinex will not likely get better. Joseph Lubin, founder of blockchain tech company ConsenSys, expressed his pessimism regarding the recent situation with cryptocurrency trading platform Bitfinex, Bloomberg reported on May 9. Speaking at the Fluidity Summit conference, Lubin said […]
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Over 50 banks participated in the simulation of letter of credit transactions on R3’s blockchain platform in 27 countries on six continents. Over 50 banks participated in the simulation of letter of credit transactions on R3’s blockchain platform in 27 countries on six continents. The company announced the development in a press release published on […]
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Professor Emi̇n Gün Si̇rer talks with CT about blockchain evolution and stagnation. This interview has been edited and condensed. The co-director of the Initiative for Cryptocurrencies and Smart Contracts (known as IC3), Emin Gün Sirer, is an associate professor at Cornell University, whose research focuses on peer-to-peer systems, operating systems, distributed systems and computer networking. […]
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Four major U.S. drug companies have joined a blockchain project to manage chargebacks. Pfizer Inc. and other leading American pharmaceutical companies have joined a project to build a blockchain network for the health and pharmaceutical industry, according to a press release on May 2. McKesson Corporation, AmerisourceBergen Corporation, Premier Inc. and Pfizer Inc. have […]
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