South Korea’s Coinbin Files for Bankruptcy With $26 Mln Loss, Cites Employee Embezzlement

Coinbin, which acquired Youbit in 2017, is closing operations as the result of embezzlement from a senior executive. Coinbin, the South Korean cryptocurrency exchange that took over hacked exchange Youbit, has filed for bankruptcy owing users almost $30 million, correspondence from the company confirmed on Feb. 20. Coinbin, which acquired Youbit in 2017, is closing […]

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Google Cloud Adds Enterprise-Focused Ontology’s Development Platform

The development software of enterprise-oriented cryptocurrency Ontology has been added to the Google Cloud platform. The development software of corporate-oriented cryptocurrency Ontology (ONT) has been added to the Google Cloud Platform Marketplace, a Medium post from Ontology revealed on Feb. 23. The newly supported software, called ont_dev_Platform, is a set of tools for developing smart […]

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Korea Exchange Official: US Decision on Bitcoin ETF Will Set Tone for Local Crypto Market

An official at South Korea’s sole securities exchange operator says the bourse is closely eyeing developments in regard to crypto ETFs. An official at South Korea’s sole securities exchange operator, the Korea Exchange (KRX), says the bourse is closely eyeing developments from United States regulators in regard to Bitcoin (BTC) exchange-traded funds (ETFs). The official, […]

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SK Telecom, Deutsche Telekom to Build Blockchain Identity Platform

South Korea’s largest wireless carrier, SK Telecom, is partnering with the world’s fifth largest telecoms firm, Deutsche Telekom, to develop a blockchain-based identification solution. South Korea’s largest wireless carrier, SK Telecom (SKT), is partnering with the world’s fifth largest telecoms firm, Germany’s Deutsche Telekom, to develop a blockchain-based mobile identification solution. The news was reported […]

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Korean Telecom Giant KT to Launch Blockchain-as-a-Service Platform in March: Report

The biggest telecom operator in South Korea says it wants to offer blockchain-based services for interested businesses. South Korea’s largest telephone company, KT Corporation, plans to launch a blockchain-as-a-service (BaaS) platform next month, local news outlet iNews24 reported on Feb. 21. KT reportedly revealed the concept to interested business clients at a presentation this week. […]

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Spain’s Largest Telecom Company Seeks Entrepreneurs in Blockchain, AI

One of the world’s largest telephone operators, Telefónica, has launched a call to support startups related to blockchain and AI. Spain’s largest multinational telecommunications company, Telefónica, has announced an initiative to support entrepreneurs in innovative technologies, such as blockchain and artificial intelligence (AI), according to an official press release published on Feb. 19. The Madrid-based […]

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