South Korea Considers Lifting ICO Ban
The National Assembly of South Korea has sent their official recommendation to lift the blanket ban on Initial Coin Offering to allow domestic ICOs activities in the country.
The assembly has made a proposal to allow domestic ICOs in South Korea with proper regulatory framework.
Through its special committee on the fourth industrial revolution suggested that the government neglected its duty in responding to the Blockchain sector as the resulting ban has forced domestic companies to look elsewhere to find other cryptocurrency friendly country like Singapore and Switzerland for cryptocurrency related activities.
It has also suggested of setting up a new committee for Blockchain governance to make policy and provide industry support.
Full-Scale Blockchain Customs Platform For Korea Customs
The customs agency of South Korea has partnered with Malltail to develop a platform that is powered by Blockchain to facilitate its e-commerce activities.
Malltail is a Korean parcel forwarding Service Company with over 1 million users and considered the leading company in the said space.
Business and technical development of the platform will be delegated to the company’s Korean operator, Korea Center, and operation to be handled by Korean Custom Service for seven Malltail distribution centers across US, Japan and Germany.
The company believes that through the implementation of a full-scale Blockchain solution will make a more secure, transparent and efficient customs services.
Cardano Releases v1.2 Update
The long awaited update for Cardano has been released according to a tweet that its founder, Charles Hoskinson tweeted on May 29, 2018.
Since the release of the update trading price for the cryptocurrency has increase by as much as 13% within the last 24 hours.
There have been a lot of changes in update which includes, wallet API benchmarking tools, asynchronous wallet restoration, sorting and filtering wallet functionalities, New API endpoints and resolve balance discrepancy on Bittrex.
With its release Mr. Hoskinson reveals that his team have already started working on 1.3 version but not before retweeting tweets that reveals a vulnerability that was found by a Chinese internet security giant 360 on EOS platform which seems to be a call-out to Dan Larimer.
Crytocurrency And Fintech Hub Of The Philippines
It seem that the Cagayan Economic Zone Authority (CEZA) which operates the Cagayan Special Economic Zone and Freeporm, an economic tax-free zone located in North of Manila has been aiming to transform the area to become the Philippines’ hub for cryptocurrencies, Blockchain and fintech.
It has envisioned itself as the next Silicon Valley or the FinTech City of Asia as it continues to attract offshore companies engages in the said industry.
There has been many companies that have express interest in putting-up shop in the economic zone however, by the time of writing there were only about 10 cryptocurrencies that have been approved which came from Japan, Hong Kong, Malaysians and Koreans who are into cryptocurrency mining, initial coin offerings and exchanges.
China President Calls Blockchain The New Generation Information Technology
The president of the world’s most populous country and the second largest economy of the world, Xi Jinping, mentioned Blockchain as one of the new generation of information technology which includes artificial intelligence, quantum information, mobile communication, and internet of things.
He mentioned this in a speech he delivered during the opening of the joint annual conference of the Chinese Academy of Sciences and Chinese Academy of Engineering.
He also states that since the start of the 21st century the world has seen unprecedented period of scientific and technological development which is ripe for a new round of revolutions and changes that can reconstruct the global economic structure.
Headlines for the world of Cryptocurrencies - May 29, 2018**Blockchain-Related Subsidies Offered By Chinese Government / FBI Consultant: All Banks Will Use Blockchain / TRON Partners With Vsport / Blockchain Capital Partner: Time To Buy Bitcoins / Maersk Launched Blockchain-Based Marine Insurance / ** |
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Headlines for the world of Cryptocurrencies - May 28, 2018Bitcoin Is The Financial System Of The Future: Economic Historian / Bitcoin Pizza Guy: Laszlo Hanyecz / Coinbase Expedited ERC20 Support Through DEX Acquisition / London Company Trademarks Bitcoin / One Of The Largest Bank In The Philippines Implementing Ethereum |
Headlines for the world of Cryptocurrencies - May 27, 2018Six Japanese Publicly Listed Company To Offer Crypto Exchanges Services / Venezuelans Are Mining Cryptocurrency For Passive Income / TE-Food Bringing Halal Food Using Blockchain Technology / Wikipedia Founder Jimmy Wales In BlockShow Europe 2018 / Chinese Government Fast tracks Blockchain Development Wants Immediate Results |
