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The South Korean commercial banking giant Shinhan and LG CNS, the IT services arm of the electronics conglomerate LG, have unveiled their joint pilot platform for central bank digital currencies (CBDC). The two firms announced they would be partnering on the platform late last year, and the companies appear keen...
One of the most bullish non-crypto companies, US-based software developer MicroStrategy, just used the recent bitcoin (BTC) correction to increase their BTC stash. Per CEO Michael Saylor, the company has purchased an additional BTC 328 for around USD 15m in cash at an average price of USD 45,710 per BTC. As...
The bitcoin (BTC) market is still healthy, despite its recent selloff, which is usual for the bull runs in this nascent industry, according to Joey Krug, Co-Chief Investment Officer at major crypto investment firm Pantera Capital. "I think, in terms of price action, things will be kind of back to...
Two Japanese firms have developed a blockchain-powered alcohol trading platform that they claim will allow alcohol-loving customers the opportunity to buy, sell, hold and haggle over barrel-loads of luxury liquor – just like trading crypto. In a press release, Recika and the Japan Import System (JIS) announced that they had...
A group of South Korean companies, including a subsidiary belonging to the software giant Hancom is set to launch a DeFi (decentralized finance) project – marking a first for a collective of major companies for the nation. Per Aju News, the group will comprise Hancom’s blockchain and industry 4.0 arm...
A Brazilian banking association chief said that people are using crypto as a means of getting money out of Venezuela, circumventing American sanctions that have all but frozen Venezuelans out of the international banking system. Per a report from the media outlet InfoBlokchain, the Brazilian Federation of Banks (Febraban)’s head,...
Bitcoin (BTC) prices have been skyrocketing globally of late, but in one part of the world, crypto fever is not yet making its mark – or at least not to the extent that it did three years ago. That place is South Korea, where 2017’s crypto bubble arguably peaked, amid...
The majority of the respondents surveyed by hashpower provider Genesis Mining remain bullish on bitcoin (BTC)'s long-term future, listing their reasons for believing so, including bitcoin adoption potential, security, and previous price rise. Also, nearly 20% of the participants said they're bearish on BTC's value, and these bears have...
It was only a matter of time before a company was going to develop an approach for mass adoption of its coin in the USA and worldwide. Enter Ovato (Symbol: OVO), based in Singapore Ovato is currently trading in the $3.20 USDT range and is taking the unique approach of...
While local and global regulators are yet to target the nascent DeFi (decentralized finance) world, some industry players warn that the interaction between DeFi and CeFi (centralized finance) sectors will bring even more unanswered questions. There is a constant interaction between the DeFi and CeFi worlds, e.g., industry players are...