Blockchain/Bitcoin

5 Recent Stories Shaping Korea’s Blockchain Ecosystem

South Korea’s attempts to put itself on the map in the world of blockchain seem to be bearing fruit more and more lately. Increasingly, South Korean banks and tech firms are ramping up blockchain adoption in a big way with

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Ping An’s Operations Across The Board Will Be Powered by AI and Blockchain

Chinese conglomerate Ping An Insurance is applying blockchain-driven smart contracts across the full range of its operations—banking, securities, fund and property subsidiaries. A report by Sina that was translated by China Banking News said that all eight of Ping An’s subsidiaries are

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News Summary: Facebook’s Libra Crypto Project Sparks Fear and Criticism

Last week, Facebook unveiled plans for a new cryptocurrency called Libra. Set to launch as early as 2020, Libra will be a stablecoin fully backed by a reserve of real assets. The goal, it says, is to avoid high fluctuations

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Samsung SDS Expands Blockchain Business with Cloud-Based Enterprise Platform

Samsung SDS introduced customers’ common pain points in adopting blockchain and announced its blockchain business direction and the solution to the pain points. When companies apply blockchain technology to their business, they have concerns on: Converging services across various industries

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Diginex’s Digital Assets Unit Granted License from SFC

Diginex Group announced that a unit of its group Diginex AM has been granted a license a Type 4 (Advising on Securities) and Type 9 (Asset Management) license from the Securities & Futures Commission in Hong Kong. With their licensing

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Bitspark Co-Founder Claims SWIFT Is Hindering Innovation

George Harrap, CEO and Co-founder of Hong-Kong based blockchain remittance startup, Bitspark, has outed SWIFT for hampering fintech from driving innovation in the money transfer sector in his new e-book He argues that the remittance sector is ripe for disruption. However,

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How Cryptocurrency Scams Work

Millions of cryptocurrency investors have been scammed out of massive sums of real money. In 2018, losses from cryptocurrency-related crimes amounted to US$1.7 billion. The criminals use both old-fashioned and new-technology tactics to swindle their marks in schemes based on

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Hong Kong and Thailand May Be Working on a Joint Central Bank-Backed Crypto Project

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) entered into a Memorandum of Understanding (MoU) to foster collaboration between the two regulatory authorities in promoting financial innovation. Under the agreement, HKMA and BOT agreed to work together

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WeChat Pay Will Start Terminating Accounts Caught Dealing with Crypto

WeChat Pay, one of China’s most popular e-wallet providers, has just updated its payment policy to ban cryptocurrency transactions. The move was first noticed by founding partner of crypto investment firm Primitive, Dovey Wan in a tweet. Urgh, Wechat just

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One Year Later, Cathay Pacific’s Rewards Programme Happy with its Blockchain Port

In May last year, the Cathay Pacific Group, via its rewards programme Asia Miles, launched an app utilising smart contracts via blockchain. The campaign at the core of the new platform was a newly launched Asia Miles dining promotion in

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