South korean city to issue blockchainbased digital gift certificates

INDUSTRY

Friday, 14 August, 2020 at 04:18 GMT
One of South Korea’s major cities is expanding its payments program by issuing digital gift certificates on the blockchain. Seongnam’s new offering will be available through a mobile app, with the city seeking to reach the elderly with the simplified payments process. ...
South korea’s kookmin bank to store and manage digital assets

INDUSTRY

Thursday, 13 August, 2020 at 04:07 GMT
Kookmin Bank, considered to be the largest bank in South Korea, is set to offer digital currency custody and management services. The bank, better known as KB Bank, has partnered with blockchain venture capital firm Hashed and Cumberland digital currency exchange. ...
Crypto exchanges see explosive increase in web traffic

INDUSTRY

Tuesday, 11 August, 2020 at 05:06 GMT
Reports show that cryptocurrency exchanges have seen a massive increase in web traffic, as cryptocurrency prices gained significant positive movements in July. ...
South korean tourism pilots cryptocurrency project

INDUSTRY

Monday, 10 August, 2020 at 05:42 GMT
CIC Enterprise, a Bitbeat-affiliate company, is running a test programme to offer cryptocurrency payment services in two tourist hotspots in South Korea. The project will be operating at two of the country’s most popular beaches for tourists to use as a payment service. ...
Cardano’s technology is best ethereum ahead of bitcoin

INDUSTRY

Sunday, 9 August, 2020 at 04:40 GMT
The Cardano (ADA) blockchain technology has been rated the blockchain project with the best technology, this rating was according to the latest update in the ranking of cryptocurrency worldwide by prestigious on-chain rating agency Weiss Rating. ...
Upcoming sberbank stablecoin to launch russia onto the crypto scene

INDUSTRY

Friday, 7 August, 2020 at 08:46 GMT
A Sberbank stablecoin is currently under development and will use the Hyperledger Fabric infrastructure. The biggest Russian bank will build its stablecoin in a bid to represent Russia’s digital asset prowess. The stablecoin’s native blockchain would help streamline financial...
Ethereum transaction volume hits new high thanks to defi

INDUSTRY

Thursday, 6 August, 2020 at 05:33 GMT
According to DappRadar, the DeFi sector saw massive volumes in July to push the overall dApps market on the Ethereum network past $12 billion. DappRadar notes in its report that DeFi applications accounted for over 90% of the total transaction volume on the Ethereum network. ...
Ethereum’s 5th anniversary

INDUSTRY

Monday, 3 August, 2020 at 09:31 GMT
Last week, the Ethereum blockchain platform celebrated its fifth anniversary. Ethereum has seen incredible adoption and is an integral part of the crypto space. The plarform is now taking its first steps towards leaving behind the Proof-of-Work (PoW) blockchain network it...
Here’s what bitcoin’s rising correlation with gold means

INDUSTRY

Thursday, 30 July, 2020 at 05:14 GMT
The Bitcoin market has finally broken out of its consolidation phase and surged past its important resistance at $10k. As the world’s largest crypto hovers just over $11k, it was also moving close to the precious monetary metal – gold. ...
Us regulator authorises national banks to offer crypto custody

INDUSTRY

Wednesday, 29 July, 2020 at 04:56 GMT
The Office of the Comptroller of the Currency (OCC), an independent bureau within the United States Department of the Treasury, has given the green light for U.S. national banks and federal savings associations to keep cryptographic wallet keys. The official announcement states...

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