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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Leading South Korean cryptocurrency exchange Bithumb follows major exchanges in opening an OTC trading desk. South Korea’s major virtual currency exchange Bithumb has officially launched an over-the-counter (OTC) trading desk under the Ortus brand, according to a press release published on Feb. 7. Hong Kong-based entity Bithumb Global Limited owns the rights to the Ortus […]
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Singapore-based Huobi exchange recorded 100 percent growth in trading volume in 2018 over the 2017. Major global crypto exchange Huobi has reported a 100 percent growth in trading volume in 2018 over the 2017, according to a press release shared with Cointelegraph on Feb. 7. The Singapore-headquartered company has reportedly expanded its staff from 400 […]
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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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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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The top 20 cryptocurrencies are reporting moderate to heavy losses, with Bitcoin under $3,450 again. Thursday, Jan. 31 — all of the top 20 cryptocurrencies are reporting moderate to heavy losses on the day by press time. Bitcoin (BTC) is hovering under $3,450 again, according to Coin360 data. Market visualization from Coin360 At press time, […]
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The results of a survey appeared to sway Korean lawmakers, who had previously debated lifting the 18-month-old ban on domestic ICOs. South Korea will continue to ban initial coin offerings (ICOs) in the country, state financial regulator the Financial Services Commission (FSC) confirmed in a press release Jan. 30. Unveiling the results of a survey […]
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A South Korean fintech firm has released KRWb, which is purportedly the first stablecoin tied to the value of the South Korean won. South Korea-based fintech firm BxB Inc. has launched the first supposed stablecoin backed by the Korean won, according to a press release shared with Cointelegraph on Jan 29. There was an initial […]
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The top 20 cryptocurrencies are reporting mostly moderate gains, with Bitcoin falling under $3,500 again. Tuesday, Jan. 29 — most of the top 20 cryptocurrencies are reporting moderate gains on the day at press time. Bitcoin (BTC) is trading just over $3,400 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is […]
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South Korea’s central bank says it won’t be issuing a central bank digital currency in the near term, but will continue to conduct detailed research into the matter. South Korea’s central bank, the Bank of Korea (BOK), says it won’t be issuing a central bank digital currency (CBDC) in the near term, local English-language newspaper […]
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