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Korea’s largest venture capital firm, Korea Investment Partners (KIP), is investing in its first blockchain startup, a project focusing on supply chain management solutions for businesses Go to Source Powered by WPeMatico
The government of South Korea drops digital assets sale and brokerage from venture business classification Go to Source Powered by WPeMatico
North and South Korea are both crazy about crypto, but in very different ways Go to Source Powered by WPeMatico
All the multi-billion dollar conglomerates in South Korea are involved in the local crypto market in some way, including Samsung, LG, Hyundai and Kakao Go to Source Powered by WPeMatico
The Seoul Southern District Public Prosecutors’ Office has reportedly indicted two executives of South Korean crypto exchange Coinnest for accepting a bribe in exchange for listing a cryptocurrency. According to local media, they received 1 billion won (~US$890,000) worth of cryptocurrencies – mostly BTC. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals … Read more
The South Korean government has pledged support for blockchain startups to speed up the growth of the industry in the country Go to Source Powered by WPeMatico
Kakao-affiliate Dunamu, the operator of major South Korean crypto exchange Upbit, plans to open a Singapore-based exchange in early October Go to Source Powered by WPeMatico
News wires buzzed this week when the National Association of Securities Dealers Automated Quotations (Nasdaq) announced its pending purchase of Swedish crypto-friendly stock exchange Cinnober. Nasdaq made “an USD 190m all cash recommended public offer” to the exchange, which it terms a major “financial technology provider to brokers, exchanges and clearing houses worldwide.” It could … Read more
LG’s telecom subsidiary, LG Uplus, has signed a memorandum of understanding that will see it offer its users blockchain-based international payments. The service will begin trial early next year and will enable users to make payments in Japan and Taiwan, the first such product by a Korean telecoms operator. The service will eliminate the high … Read more
This week Bitcoin Cash (BCH) fans were pleased to hear another well-known merchant is now supporting BCH for payments. The South Korea-based food dispatch platform called Shuttle Delivery now accepts BCH for door-to-door meal deliveries throughout the Seoul region. Also read: Gemini Dollar Code Review Reveals the Stablecoin’s Accounts Can Be Frozen Food Service Shuttle Delivery in … Read more