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The Korea Herald

Blockchain

October 04, 2018
[INTERVIEW] Korean blockchain startup gears up to challenge Grab’s monopoly

[THE INVESTOR] Korean blockchain startup MVL Chain is a breath of fresh air in Singapore’s ride-hailing market where homegrown Grab enjoys a nearly monopoly. Since its debut in July, its mobile app TADA, meaning “ride” in Korean, has attracted more than 15,000 drivers and about 70,000 customers a...
October 04, 2018
Seoul mayor unveils plans to promote blockchain industries

[THE INVESTOR] Seoul Mayor Park Won-soon on Oct. 4 rolled out a five-year plan to promote blockchain-based industries that includes the creation of business complexes and startup funds. 　He announced the initiative in Zug, Switzerland, which hosts about 250 blockchain-based venture firms, including...
October 04, 2018
W10b smuggled out of Korea to trade cryptocurrencies

[THE INVESTOR] The number of people who smuggled cash from Korea to buy cryptocurrencies has increased drastically since the government crackdown earlier this year, with the amount reaching 10 billion won (US$8.86 million), data showed on Oct. 4. According to data compiled by Rep. Park Young-sun of...
October 02, 2018
IOV aims to make blockchain user friendly with personalized and easy-to-remember addresses

[THE INVESTOR] It would be fair to say a cryptocurrency address, consisting of 34 random digits and letters, is intimidating at best.Unlike web or email addresses, it is extremely hard to remember the unreadable crypto address. Most users, therefore, often have to go through the hassle of storing th...
September 27, 2018
Naver, Kakao and KT vie to launch cryptocurrencies

[THE INVESTOR] Local tech giants Naver, Kakao and KT are competing to dominate the budding cryptocurrency market by launching their own coins. Earlier this month, Naver’s Japanese subsidiary Line introduced its own token called Link to buy and sell game-related content. Link will be operated on it...
September 20, 2018
SparkLabs launches accelerator program for cybersecurity, blockchain startups

[THE INVESTOR] SparkLabs Group, a network of accelerators and venture capitals funds, said on Sept. 19 it is launching a new global accelerator program focused on cybersecurity and blockchian startups in Washington, D.C.The largest accelerator group in Asia already operates in Korea, China, Taiwan,...
September 19, 2018
SK Holdings C&C partners with ICONLOOP for financial blockchain solutions

[THE INVESTOR] IT solutions firm SK Holdings C&C and blockchain firm ICONLOOP signed a memorandum of understanding on Sept. 19 to jointly develop blockchain-based financial services.The firms will collaborate to roll out services targeting banks, insurance firms and stockbrokers. Solutions for car ...
September 19, 2018
Reserve aims for crown in stable-value cryptocurrency sector

[THE INVESTOR] Price volatility has been pointed out as one of the biggest hurdles for cryptocurrencies to go mainstream. Stablecoin, a type of virtual currency with price stability, was created to eliminate the highly unstable characteristics of digital coins.Tether, whose value is pegged to the US...
September 19, 2018
Upbit to open crypto exchange in Singapore in Oct.

[THE INVESTOR] Dunamu, operator of Korea’s leading cryptocurrency exchange Upbit, on Sept. 19 said it plans to open a new exchange in Singapore in October. The firm set up a new office Upbit Singapore in February and has been preparing for the launch. Alex Kim, who previously served as the head o...
September 18, 2018
Jeju Gov. reaffirms plan to legalize ICOs

[THE INVESTOR] Jeju Special Self-Governing Province Gov. Won Hee-ryong said on Sept. 18 that he would continue to make efforts to allow initial coin offerings although the central government banned them last year.“Speculative investments and money laundering schemes are not essential parts of block...
September 17, 2018
[INTERVIEW] Ticket Monster to adopt Terra blockchain-based payment service

[THE INVESTOR] JEJU ISLAND -- Despite the exponential market capitalization and hype on cryptocurrencies, experts view the absence of a killer app or real-world application is making it difficult for wider adoption of the digital asset. Ticket Monster, or TMON, co-founder Daniel Shin is out to fix ...
September 17, 2018
‘Blockchain sector needs to become practical’

[THE INVESTOR] The worldwide craze for cryptocurrencies and blockchain, which started late last year, seems to have lost its luster as the prices of crypto coins have plummeted to their lowest levels in recent months.Some prominent CEOs of blockchain firm have said that the shortage of useful servic...
September 17, 2018
Zikto’s Insureum coin listed on Coinzest

[THE INVESTOR] Korean insurtech startup Zikto said on Sept. 17 its Insureum coin has been listed on Korean crypto exchange Coinzest following its debut on Singapore’s CoinBene last month. Coinzest, established in June, is one of the fastest-growing exchanges. Its trading volume is 41,028.61 BTC in ...
September 14, 2018
Bittrex to launch cryptocurrency exchange in Malta in Oct.

[THE INVESTOR] JEJU ISLAND -- US-based cryptocurrency exchange Bittrex on Sept. 14 said it will open a branch in Malta on Oct. 1, as part of its global expansion plans. “We are now planning to launch Bittrex Malta,” Bill Shihara, co-founder and CEO of Bittrex, said at the Upbit Developer Confere...
September 14, 2018
TMON founder’s new blockchain startup Terra gets US$32m seed funding

[THE INVESTOR] Blockchain-based payment firm Terra has secured a total of US$32 million in its latest seed funding campaign from multiple investors, including Binance Labs, OKEx, Huobi Capital and Dunamu’s Upbit. Terra, established in April this year, is a blockchain-based payment platform that a...

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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