Venture Capital Investment in Blockchain Up Nearly 300 Percent in 2018

Venture Capital Investment in Blockchain Up Nearly 300 Percent in 2018

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According to a recently published Diar report, venture capital investments in crypto and blockchain companies have nearly tripled in the first three quarters of 2018 from that of 2017. Diar references data from Pitchbook that reveals that blockchain and crypto-related companies have raised approximately $3.9 billion in venture capital this year. This figure represents a…

Total of 7 Crypto Exchanges and 158 Wallets Hacked in South Korea, Police Find

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The South Korean National Police Agency has produced a report of all hacking incidents of crypto exchanges and wallets in the country during the past three years. According to local media, there were seven hacking cases of crypto exchanges and 158 cases of wallet hacks, 91 of which happened this year. However, only six arrests…

Major US Crypto Exchange Obtains Insurance, Will it Have Positive Effect on the Industry?

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This week, major US-based crypto exchange Gemini obtained insurance coverage from a consortium of leading insurance providers led by Aon, a multi-billion dollar insurance giant based in London. Yusuf Hussain, Gemini’s Head of Risk, emphasized the importance of providing sufficient consumer protection to assure that investors on the platform can freely trade cryptocurrencies without the…

Tax Evasion Spotlighted as Swiss Banks Start Sharing Client Data

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Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. Swiss bank accounts have long been stereotyped as enablers of…

LG U+ Will Bring Blockchain-Based Payment Services to Overseas Customers

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South Korean telecom company LG U+ revealed Sunday that it will be rolling out a new blockchain-based, cross-carrier payment system (CCPS) via partnerships with mobile carriers in Taiwan and Japan, according to The Korea Times. The new system will allow LG U+ customers to buy products using their mobile phones at certain retailers in Taiwan…

Bank of Korea: Infamous ‘Kimchi Premium’ May Reappear in Bitcoin Markets

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The Bank of Korea has warned that significant price differences between South Korean exchanges and those abroad, or the “Kimchi Premium,” may emerge in the coming years. Kimchi May Strike Back According to local outlet No Cut News, South Korea’s central bank cautioned officials of another “Kimchi Premium”-like situation if regulations and crypto trading frameworks…

South Korean Lawmaker Proposes Special Crypto Zone for ICOs

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A South Korean lawmaker has reportedly proposed designating a regulation-free special cryptocurrency zone aimed at initial coin offerings. It has been about a year since token sales were banned in the country but the government has yet to introduce any guidelines for them. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Proposal…

Korean Lawmaker is ‘Upset to See South Korea Prohibit ICOs’

Korean Lawmaker is ‘Upset to See South Korea Prohibit ICOs’

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This week, South Korean lawmakers observed the government’s confusing stance on distributed ledger applications, with blockchain technology promoted across the board and ICO projects facing strict crackdowns. In response, Korean representatives have called for new, minimum guidelines on token issuers, according to Business Korea. Lawmaker Pushes for ICO Regulations A year after banning blockchain startups…

Korea's Jeju Island Appeals to President in Push for ICO Hub Status

Korea's Jeju Island Appeals to President in Push for ICO Hub Status

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The governor of South Korea’s Jeju island is maintaining his push to turn the autonomous region into a blockchain and initial coin offering free zone.

Binance Backs $32 Million Funding for Unicorn Founder's Crypto Stablecoin

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With an e-commerce company leading the launch of a new stablecoin, its founders and allies believe they can really bring crypto to consumers.