2021-4-29 18:30 |
Regulators in South Korea are reportedly set to give the green light for the country’s first crypto-related investment fund.
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Fresh reports from South Africa suggest another local company, Sygnia, is set to apply to the Johannesburg Stock Exchange (JSE) to list a new cryptocurrency exchange-traded fund (ETF). This application will be the second time Sygnia has attempted to list the crypto ETF.
2021-4-21 09:30 | |
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A Korean crypto company had ambitious plans to launch a Bitcoin exchange-traded fund (ETF) in the crypto-frenzied market last week. The post Why did South Korea just say ‘no’ to a Bitcoin ETF listing on its stock exchange? appeared first on CryptoSlate.
2021-4-8 04:00 | |
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Blockchain technology is being utilized for fund trading and settlement solutions by FNZ. FNZ Unveils ChainClear Solution According to a recent report by Ledger Insights, FNZ – a firm committed to enhancing client engagement, lowering costs, and delivering a seamless service to aid people achieve their financial goals – has launched ChainClear, a blockchain-enabled fundRead More
2021-3-25 15:00 | |
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Malaysia-based BCMG Genesis Bitcoin Fund-I (BGBF-I) has launched as South East Asia’s first insured Bitcoin fund. A press release disclosed this news on March 8, noting that the fund aims to meet the increasing interest in the crypto space by accredited institutional and corporate investors.
2021-3-11 15:42 | |
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Another One, In Another Place A Malaysian Bitcoin exchange-traded-fund (ETF) will be the first insured fund to launch in the South East Asia (SEA) region. The launch comes as the first in the region, which sees growing institutional interest in the cryptocurrency space.
2021-3-10 22:42 | |
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Upbit, a South Korean-based cryptocurrency exchange, released today its latest audit reports showing over 100% user fund capitalization in both crypto and fiat. The ‘Digital Assets and Fiat Deposit Audit’ report, was completed by JIAN Accounting Corporation as of Jan 1st, 2021.
2021-1-22 18:35 | |
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South Korea’s Hashed has established a new fund to finance emerging blockchain startups
2020-12-24 21:32 | |
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South Korean blockchain conglomerate Hashed registered Hashed Ventures Inc. in September. It raised nine-digit sum in three months only
2020-12-23 19:00 | |
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KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services. In January, the government-owned bank filed its trademark application for digital assets custody with the Korean Intellectual Property Office.
2020-8-9 06:30 | |
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The blockchain development fund is earmarked for technology projects that could transition the country to a data economy over the next five years. South Korea’s Ministry of Science, ICT and Planning this month will make a decision on the launch of a multimillion-dollar fund aimed at blockchain development.
2020-5-19 12:32 | |
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South Korea’s government is reportedly exploring a $400 million blockchain R&D fund to boost its emerging digital economy and stay apace with China’s growing dominance in the sector. According to ZDNet Korea, the country’s Ministry of Science and Technology will at the end of the month decide on whether to move forward with a planned […] The post South Korea Plotting $400 Million Blockchain War Chest to Challenge China appeared first on BeInCrypto.
2020-5-15 23:11 | |
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Amid growing concerns of China pulling away in the emerging digital economy, South Korea’s government is set to invest $400 million in blockchain research and development (R&D) as the country looks to revamp its digital technology sector.
2020-5-15 21:07 | |
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The Government of South Korea has made yet another progressive move to support blockchain development after it announced $3.2 million funding to startups. This initiative is a collaboration of the country’s Ministry of Science & ICT (Information and Communications Technology) together with the National Institute of Information and Communication Industry Promotion (NIPA). According to a […]
2020-3-18 15:38 | |
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Bakari is supporting the launch of the Flyt token, which allows investors to subscribe for, transfer and redeem shares in the Flyt Hospitality Fund, an existing South African fund investing in Apart-Hotels in Cape Town.
2020-2-18 12:53 | |
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The South African Reserve Bank (SARB) is planning on new rules for the usage of digital assets, in a bid to stop illegal fund transfers. New Rules for Crypto Usage May Attempt to Limit Transfers According to local news reports, cited by BusinessReport, the new rules will be applied by the end of the first quarter in 2020.
2019-12-2 15:06 | |
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Hdac Technology, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group, plans to set up a $10 million blockchain investment fund in 2019
2019-10-9 15:07 | |
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According to an October 6, 2019, report by South Korean media outlet The Financial News, Hyundai’s blockchain and cryptocurrency arm, Hdac, is set to invest $10 million in the industry to develop its own mainnet, decentralized applications (dApps), and fund other burgeoning startups with high potential and ceiling in the space.
2019-10-8 13:00 | |
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The United Nations have recently accused South Korean hackers and the government of being responsible for carrying out 35 cyberattacks. According to the UN, 17 countries were affected by the attacks, which were allegedly orchestrated in order to fund the development of mass destruction weapons. Now, a new report has been published and they claim […]
2019-8-13 22:10 | |
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A subsidiary of SK Group, one of the largest conglomerates in South Korea that operates the nation’s biggest telecommunications company SK Telecom, is set to invest in a crypto fund created by ConsenSys.
2019-7-8 11:00 | |
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A South African man running a Bitcoin investment fund in KwaZulu- Natal is suspected to be running a Ponzi scheme, as early investors have seen huge returns. The man was unwilling to talk to local media about his business plan and he how generates returns for his customers.
2019-6-18 19:00 | |
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The purpose of this infographic is to visualize the size of large cryptocurrency hacks that have occurred in the past as if they all happened today. The hacks included in this infographic extend beyond exchanges, as there were other large entities that experienced cryptocurrency hacks, such as marketplaces like Silk Road 2.
2019-5-25 21:56 | |
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Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.
2019-5-22 23:02 | |
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Twenty-four financial authorities and 11 international organizations, including the International Monetary Fund and the World Bank, recently gathered in New York and discussed global standards of crypto regulation.
2019-4-29 12:22 | |
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An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U. S. presidential election, the Mueller Report claims.
2019-4-19 23:21 | |
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$200 million for Bithumb parent company sees expansion plans confirmed
2019-4-16 11:24 | |
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This article was originally published by 8btc and written by Olusegun Ogundeji. Bitcoin has crossed the $5,000 price range again (after its first reach to that level in 2017) following a sudden breakout on April 2, 2019.
2019-4-4 18:42 | |
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Hiroyuki Watanabe, CEO of B Dash Ventures, joins as an advisor for VELIC VELIC, a digital asset platform based in Singapore, announced an investment from a fund managed by B Dash Ventures, a prominent venture capital in Japan.
2019-4-3 07:02 | |
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PANTHEON X is gearing up to deliver incredible solutions in 2019 launching a platform that will change the way people invest in crypto funds. (March 29, 2019; Seoul, South Korea) 2018 was a rough year for cryptocurrency markets, but the market is far from dead, and many are looking for the best opportunity to get back in.
2019-3-29 13:05 | |
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Local media has reported that a South Korean exchange is waiting for regulators in the United States to make a ruling regarding the highly anticipated Vaneck cryptocurrency exchange-traded fund (ETF) before determining its stance pertaining to virtual currency ETFs.
2019-2-24 01:38 | |
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Seoul’s government plans to help fintech and blockchain startups via the “Seoul Innovation Growth Fund,” with an allocated $1 billion in funding by 2022
2019-2-19 17:18 | |
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The Seoul Metropolitan Government has committed over $1 billion to invest in innovative startups by 2022, including blockchain firms.
2019-2-19 15:40 | |
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According to a report by South China Morning Post published on January 28, 2019, Galaxy Digital is raising close to $250 million for a credit fund that would offer loans in USD to cryptocurrency businesses.
2019-1-30 14:00 | |
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A South Korean-based smart contract platform has partnered with the University of Sydney to finance scholarships and research in the development of a toolchain for smart contracts.
2018-12-3 20:12 | |
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Invault, a Shanghai-based cryptocurrency custodian service, recently launched after Hong Kong imposed new regulations on cryptocurrency exchange platforms and fund managers, requiring them to protect and safeguard their clients’ virtual assets, according to South China Morning Post’s on November 25, 2018.
2018-11-27 10:00 | |
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As part of its desire to forge deeper ties with the Chinese government, Huobi Group, the parent company of digital asset platform Huobi, has formed a Communist Party committee in China, according to an announcement by the company.
2018-11-20 00:18 | |
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South Korea is a very interesting region when it comes to cryptocurrencies. In most cases, there is nothing but positive news first and foremost. At the same time, local regulators are looking for ways to ensure the industry gains more legitimacy.
2018-11-14 08:05 | |
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Cryptocurrency exchange Zeniex has announced that it is terminating all services after South Korea’s financial authorities started cracking down on unauthorized crypto funds. The exchange is asking its customers to withdraw their cryptocurrencies before the end-of-service date.
2018-11-11 10:10 | |
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An exchange cuts and runs, South Korea pushes crypto fund to close, IBM takes on scientific research, and Swedish man sentenced.
2018-11-13 01:52 | |
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South Korea’s lawyers have lobbied the government to establish a better legal framework around blockchain that would help develop the industry and protect investors. More regulation was also urged in Thailand, where on November 7, 2018, the Deputy Prime Minister has called for more measures to control cryptocurrencies and prevent them from being used to fund terrorism.
2018-11-9 00:00 | |
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South Korean financial regulators are cracking down on unauthorized cryptocurrency funds. In particular, one crypto fund launched by a local exchange is reportedly being investigated. The exchange claims no wrongdoing as its token activities were carried out overseas, but has promptly canceled its plan to launch a second fund.
2018-10-31 02:00 | |
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Coinmint LLC is turning to junk lending in order to fund a massive new mining operation. The project will repurpose a now-closed industrial site. Coinmint LLC is in the midst of a project to transform an aluminum smelter into a massive crypto mining operation by turning to the debt market.
2018-10-29 16:00 | |
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In this edition of Regulations Roundup, we focus on the U. S. Securities and Exchange Commission’s (SEC) ongoing discussions with companies that are interested in setting up cryptocurrency funds.
2018-10-26 18:45 | |
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On Oct. 24, the community-driven Bitcoin Cash Association announced a new initiative where $1,000 worth of bitcoin cash will be sent to the two Eatbch campaigns in Venezuela and South Sudan every month.
2018-10-25 02:55 | |
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On Oct. 24, the community-driven Bitcoin Cash Association announced a new initiative where $1,000 worth of bitcoin cash will be sent to the two Eatbch campaigns in Venezuela and South Sudan every month.
2018-10-25 02:55 | |
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Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December.
2018-10-10 22:30 | |
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South Korea is leading an example of being the world’s most hospitable regions for crypto and blockchain entrepreneurs. The world’s eleventh-largest economy has committed a $100 million fund to develop its capital Seoul as a center of blockchain innovation.
2018-10-9 12:10 | |
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The mayor of Seoul now plans to invest $100 million over the next five years to make the South Korean capital a smart city powered by blockchain.
2018-10-8 09:00 | |
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The mayor of Seoul plans to invest $100 million over the next five years to develop the South Korean capital as a smart city powered by blockchain.
2018-10-8 09:00 | |
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The city of Seoul in South Korea has announced a five-year plan to promote blockchain technology with business complexes and a startup fund.
2018-10-4 17:57 | |
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Norway’s sovereign wealth fund’s ethics council will reportedly conduct investigations into crypto and gambling firms listed in the fund’s portfolio, including Binance and Marathon Digital, over money laundering risks.
Tether has finalized its first funding transaction in a Middle East crude oil investment, expanding the crypto company’s ventures beyond its flagship digital assets product. The investment involves a major publicly traded oil company and a leading commodity trader, aiming…
Data from Indonesian regulators reveal that more than 60% of crypto investors in Indonesia consist of Gen Zs and Millennials in the age range of 18 to 30 years old. According to a report by local Indonesian media Kompas.id, cryptocurrency…
Hong Kong regulators are considering an extension on tax breaks to include digital assets like crypto and the use of artificial intelligence-technology in finance sectors. According to an Oct. 28 Bloomberg report, Hong Kong’s Secretary for Financial Services and the…
Praxis, a self-described “internet-native alliance”, has received a $525 million funding pledge to build a new city which promises a crypto-centered economy and fewer regulations for tech leaders.
Canary Capital has introduced the U. S. ’s first HBAR Trust, expanding crypto options for institutional investors. This move offers institutional investors access to Hedera’s (HBAR), the native crypto of the Hedera network.
Gold’s lower volatility than Bitcoin gives it an edge when the markets wander in uncertainty, Maruf Yusupov, co-founder of the gold-backed stablecoin Deenar, told crypto.news. “The reasons for this Bitcoin trend are not far-fetched and are hinged on the uncertainty…