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The Ambition of Klaytn and Klay

Kakao’s blockchain wallet service named “Klip’ was launched and its virtual asset called ‘Klay’ was distributed. Han Jae-sun, CEO of GroundX, said, “We will...

CoinOne is ranked 10th in global exchanges and 1st in Korea

Coinone, a virtual asset (cryptocurrency) exchange, said on the 5th that it was ranked 10th in the global exchange based on the CoinMarketCap. It ranks...

Bitcoin and Stocks Crash Together: June 11 Proved That Decoupling Might be Gone (Unlike...

the Dow Jones, S&P 500, and Nasdaq 100 lost sizeable chunks of their value of around 5%, and so did Bitcoin. This invalidated the...

South Korea Applies Capital Gains Tax to Cryptocurrency Trading “Like trading real estate”

Starting next year the Korean government has tentatively decided to apply capital gains tax to cryptocurrency trading. This is the result of years of...

Blockchain-powered insurance mobile notification coming to South Korea

South Korean telecom company KT Corporation has partnered with a local insurance agency to integrate blockchain technology with its mobile notification service. The project...

NH Bank forges consortium for cryptocurrency services

NH NongHyup Bank announced Wednesday its partnership with a local law firm as well as blockchain developer to set up a consortium for jointly...

South Korea’s Busan city launches decentralized identity platform for public services

South Korea’s Busan city has launched a decentralized identity verification service, reported Yonhap News. The solution was developed by blockchain firm Coinplug, and will...

South Korea Edges Closer to CBDC Rollout Without Any Comitment

The South Korean central bank has reaffirmed its digital currency plans – but continues to add disclaimers, refusing to commit to launching a digital...

‘Klay’ Is Listed on a Large Cryptocurrency Exchange in Korea

Klay, issued by Kakao’s blockchain technology subsidiary named GroundX, is listed on Coinone. Coinone, one of the largest virtual asset (cryptocurrency) exchanges in...

Bank of Korea (BOK) Developing Blockchain-Based Bond Issuance System

The Bank of Korea (BOK), the central bank of South Korea, is working on a proof-of-concept (POC) for a blockchain-based bonds issuance system for...

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