The largest telecom company in South Korea, SK Group, was reported to have invested in major global blockchain firm ConsenSys according to a local news outlet in the country.
It was revealed that the company invested around $10 million USD to ConsenSys marking an increased involvement of major South Korean companies into crypto industry, including Saming, Kakao, Hyundai and others.
The South Korean billionaire and Chairman at SK Corporation, Chey Tae-won, has expressed interest in blockchain technology as well as the token economy stating that traditional business approaches should be digitized.
SK corporation subsidiary, SK Telecom (SKT) has been actively involved in blockchain industry which early this year partnered with the world’s fifth largest telecom firm, Deutsche Telekom, to create a blockchain-enabled mobile identification solution.
South Korea is widely considered as one of the hotbeds for cryptocurrency activity given the sheer number of blockchain projects originating from the country as well as for its generally crypto friendly regulatory environment.
Headlines for the world of Cryptocurrencies - July 01, 2019
- Binance Executive Believes Bitcoin Has A lot more potential
- Scam BTC Ads With Abu Dhabi Crown Prince Removed
- Brave Rewards For Reddit And Vimeo
- One Block Transaction Has $6 Billion Worth Of Bitcoin Transactions
- Goldman Sachs Really Interested With Crypto
Headlines for the world of Cryptocurrencies - June 28, 2019
- Huobi Will Now Operating In Turkey
- TRON 20 Million BuyBack Program
- Square Cash App Now Directly Accepts Bitcoin Deposits
- First Ever Acquisition of CoinMarketCap
- Crypto Startup Involved In Israeli-Palestinian Peace Plans
Headlines for the world of Cryptocurrencies - June 30, 2019
- Will History Repeat Itself For Litecoin?
- 1 Million Daily Transactions Reached in Ethereum
- Binance’s Big Data Sharing Will Make Crypto More Secure Against Hacks
- Binance Partner Bullish On Facebook’s Libra
- Recently Concluded V20 Bears Promises For Crypto Industry
