Looking forward to chatting with
@sandeepnailwal
as usual. This time at the
@SCB10X_OFFICIAL
's REDeFiNE Tomorrow 2024 event and our Fireside Chat on Wednesday, May 22, at 15:00-15:30 Dubai time (19:00-19:30 SGT).
With
@0xPolygon
's full backing into ZK they were a major catalyst
🇰🇷 - Samsung now priming their phones with Blockchain tutorials. The wallet integration on the Galaxy S10 has been confirmed... even after they denied it. Trying to keep Apple on their toes?
🇨🇳 - China is now prohibiting all commercial venues from hosting any events related to crypto. This time the ban is more around communication channels: banning crypto WeChat accounts, crypto media outlets, shutting down any public crypto activities.
Expecting more to hit Sept.
🇰🇷 -
BULLISH! All Korean exchanges closed down deposits back in Jan. really hampering the growth of the market for new ants (Korean retail investors) and whales.
HOWEVER, Bithumb has just announced it will be reopening in cooperation with NH Bank 🌝!
Over 3 million Koreans (1/17 of total population) have created KYC bank -> exchange accounts according to the financial authorities and commercial banks. The virtual currency trading real name system will be implemented on January 30th.
UPbit claimed that they had the internal account audit.
The audit showed that 100% of the coins are real, the ledgers all synced to their own wallets.
@cryptomanran
's claim has been confirmed that it was due to govt. misunderstanding of multiple wallets.
🇯🇵 -
"We’ve unveiled
#PundiX
@NEMofficial
XPOS in
#Japan
#Blockchain
Conference 2018. Here’s the detail demo. Thank you Heslin Kim of Polymath for having me in the show." -
@PundiXLabs
Hooray for use cases! We need more of this. PundiX doing it big!
🇰🇷 -
Korea’s Ministry of Science and ICT announced a Blockchain Technology Development Strategy to invest 230 billion Won (~207M USD) by 2022 in development of new blockchain tech. They've also said we will be cashless by then end of 2020. Big things.
UpBit’s stance on Tether is announced:
"We are aware that there are various suspicions related to Tether," said an UpBit official.
"We will compensate the same amount of money to customers who have USDT on our exchange even if there is a problem."
One of the only other collections outside of Punks and
#PudgyPenguins
that legit interests me long-term is the aesthetic and oh so visionary
#KitaroWorld
from
@KitaroNFT
.
Shall I dabble in my first ever PFP
@wenkamiyama
?
This is the kind of IP that goes viral when conditions
Kitaro World Giveaway ✨
I’m here to spread love and give away magical
@KitaroNFT
#797
to one lucky supporter.
Rules
😺Like + Repost
😼Follow
@wenkamiyama
&
@Yoryweb
😽Comment
#KitaroWorld
Winner announced on 10/19. Botted accounts will be disqualified.
🇰🇷+🇨🇳 - Market sell off, but FA in China & Korea tell a different story:
🇨🇳 WTC joins the China Security Alliance
🇰🇷 Blockchain institute w/ K-govt. funding
🇨🇳 WTC shares stage with Chinese officials in Beijing
🇰🇷 K-govt. will invest $9 mil in domestic projects
🇰🇷 - Here is a fragment of Samsung's presentation at the Mobile Business Summit. Samsung talks about the S10's blockchain features.
As you can see there’s built in support for Bitcoin, Ethereum, Enjin, and Cosmee.
🇰🇵 -
North Korea is reportedly planning to hold a conference devoted to blockchain technologies and cryptocurrencies. The event, said to have been scheduled to take place in Pyongyang on October 1-3. I got the invite. Actually considering going to this.
🇰🇷 -
Lee Hye-hoon, Chairperson of The National Assembly Special Committee on the 4th Industrial Revolution, said today that she predicts the ICO ban will be lifted. However, ICOs will likely need to follow strict regulation akin to the process of IPOing.
🇯🇵 - One of the most prevalent chat apps in the world is launching an exchange. Think UPbit x the rest of Asia. This thing is going to be a beast.
Oh remember a few weeks back? LINE partnered with
@helloiconworld
big things brewing!
The National Tax Services announced that after
@BithumbOfficial
's audit they will be charged ~$30mil in taxes. Even better news? The IRS found no illegal activities such as tax evasion to have taken place. The investigation was completed mid April.
Smilegate, the fifth-largest game maker in Korea, is set to issue its own virtual currency running on the ICON blockchain. The tentative name of the crypto is 'Stove Coin'. Stove mimicks STEEM as an incentivized social network platform for its gamers.
🇰🇷 - New Korean exchange Pure Bit just pulled an exit scam claiming 13,000ETH from its investors as we speak. Kakao channels are emptying and the site has been pulled.
This is why we can’t have nice things. Karma comes back hard when you screw this many people over.
🇰🇷 -
Oh Keo-don, the mayor of Busan, the second largest city in South Korea behind Seoul, has stated that the regional govt. of Busan is focused on building the next “Crypto Valley” of the world in SK, inspired by the success of Zug, Switzerland.
🇰🇷 -
Lots of investment news coming out from the large chaebols into blockchain companies lately. Samsung and LG just announced some large investments across the board, and now we see that SK has put down around $10m into the ConsenSys fund. Growth. 🚀
Three days ago, June 17th,
@BithumbOfficial
upgraded their security system and transferred all of their assets to cold storage.
They were hacked on June 18th.
Wait what?
[Notice for the restart of service]
We are transferring all of asset to the cold wallet to build up the security system and upgrade DB. Starting from 15:00 pm(KST), we will restart our services and notice again as soon as possible. Appreciate for your support.
Pantera Capital, one of the largest Blockchain VCs, said the fund’s single largest bet is on Icon, which will let different blockchains -- digital ledgers -- talk to one another.
🇰🇷 -
The report of Dunamoo emphasized that UPbit holds 100 percent of user funds and 27 percent more than the cryptocurrency holdings of its investor, more than enough to reimburse every user on the platform. 👍
🇰🇷 -
The Korean govt. is implementing an industrial classification system for blockchain. This shows that the govt. now acknowledges crypto exchanges as real business entities. Remember my post yesterday about the FEIA in 🇯🇵? Same deal. Called it. ✅
🇰🇷 -
The Korea Internet & Security Agency (KISA) – a sub-organization of the Ministry of ICT – has said it is aiming to increase the number of blockchain pilot projects in the public sector from six this year to 12 in 2019.
📈 Up, up, and away 📈
🇰🇷 -
7 exchanges passed inspection by the Ministry of Science & ICT + Korea Internet Security:
Upbit, Bithumb, Gopax, Korbit, Coinone, Hanbitco, and Huobi Korea. All others have weak security except for the above that satisfy all 85 inspection items.
TheLoop partnered with ChainToB/ICON to develop the Loopchain engine powering the
@helloiconworld
network. It also has a partnership with the
#Korea
Financial Investment Association (KOFIA) creating the world’s first
#Blockchain
ID cert. called ChainID. Hyperconnecting in action.
🇰🇷 - November is here. Time to see whether the ban on ICOs will be repealed or not. This will shape the outcome of 2019 heavily.
Why would the govt. invest $100mUSD+ into foreign blockchain tech though instead of fostering domestic tech growth? We’ll see the outcome shortly. 🚀
🇰🇷 -
Lee Hye-hoon, Chairperson of The National Assembly Special Committee on the 4th Industrial Revolution, said today that she predicts the ICO ban will be lifted. However, ICOs will likely need to follow strict regulation akin to the process of IPOing.
Korea continues to expand its use of crypto, with a partnership of Bithumb + Korea Pay’s Service, bringing on board 200 franchise brands that will cover up to 8,000 outlets by eoy. Franchises include Sulbing, Yankee Candle, Cafe Droptop, and Todai buffet.
🇰🇷 -
Choi Jong-Ku, the commissioner of the Financial Services Commission (FSC), has reaffirmed that there exists no issues related to compliance and security in the process of banks providing virtual bank accounts to local cryptocurrency exchanges.
The first major online Korean shopping mall will now accept 12 kinds of crypto. 위메프 and Bithumb are discussing a system development plan, the partnership has confirmed thus far it will be enabling Bitcoin, Ethereum, and Ripple among others.
South Korea’s largest exchanges Korbit, Bithumb, Upbit, and OKCoin are all invested/owned by conglomerates with close ties to regulators/government. The backing of multi-billion dollar companies decreases the possibility of insolvency and non-compliance with local regulations.
LINE is one of the most widely used chat platforms in the world with over 600 million users. It earned over $1.517 billion USD in 2017; they've steadily increased their revenue roughly $200 million every year since 2015.
COINRAIL HACKED within the last hour. Will this impact the market price? It shouldn’t if everyone is aware of the facts. Coinrail ranks 88th in 24hr volume and has a weak reputation in Korea.
The only impacts I see may be from govt. regulations and potentially using this as FUD.
🇰🇷 -
South Korea’s 2nd largest bank Shinhan Bank has entered into a partnership with the country’s 2nd largest telecoms provider KT Corp for the purpose of developing blockchain-based digital vouchers. The voucher can be used like cash for discounts.
🇰🇷 -
The South Korean government plans to both “expand tax reduction for new growth engine investment and ease requirements for new technology support, including the blockchain technology investment support.”
Sources say that the Korean FSC has begun discussions to reverse the September ICO ban. Despite the ban Korean investors were still allowed to invest in foreign ICOs.
A repeal of the domestic ICO ban will foster growth in start ups within the country.
🚨 Apparently there was a hack attempt on
@BithumbOfficial
. News about whether or not it was successful has yet to be released. Will keep everyone updated as I hear trickles from the little birds. 🚨
Did a bit of a 🧹 for the
@pudgypenguins
movement in Singapore 🇸🇬!!!
The feels when buying at peak market prices… $24.99 for a Figure. Come back to the US and see the true floor $8.99.
Buy high sell low. Whiffed on
#PudgyWalmart
.
😭
@LucaNetz
🇰🇷 -
Major South Korean crypto exchange Bithumb has reportedly signed a deal with an American fintech firm, SeriesOne, in an effort to open a securities token exchange in the U.S. They will invest in and provide technical support to this exchange.
🇰🇷 - The Ministry of Science and ICT presented a blockchain development strategy on June 21st, 2018, which plans to invest $9 million by Q4 of 2019 as part of the nation’s pursuance of a “medium to long-term plan for expanding blockchain technology.”
🚨
@BithumbOfficial
HACKED 🚨
"We checked that some of cryptocurrencies valued about $30,000,000 was stolen. Those stolen cryptocurrencies will be covered from Bithumb and all of assets are being transferring to cold wallet."
Will update you all as more details are released.
🇰🇷 -
A major SK insurance company reportedly will start offering crypto exchanges insurance aimed at compensating for damages caused by hacking, according to local media. Currently, few in the country are insured and hacking damages are not covered.
🇰🇷- Slow and steady wins the race. In the coming months we will see regulations passed, bad actors removed/filtered out, and large traditional corporate involve themselves in the market.
Post-infrastructure/protocol wave will be the dawn of the dApps tsunami. Brace yourselves.
🇰🇷 -
The chairman of
@BithumbOfficial
has come public. Byung Gun Kim is the founder of BK Plastic Surgery, rep. of BK Medical Group (links China, Singapore and Korea), shareholder in billion dollar start-up Huzel, among many others. Prepare for expansion.
🇰🇷 - I was lucky to get the opportunity to have a few minutes to speak with
@ellazhang516
of
@BinanceLabs
. Their focus is on:
1. Scalability
2. Privacy
3. DEXs - Wallets, Custody Services, and Payments
4. Stable Coins
5. Regulation/Governance Models
6. dApps to fuel adoption
🇨🇳 - Little birds tweeted to me about a local Chinese government who is planning to open their own
#cryptocurrency
exchange. Yet, they’re directly under CPC
#regulation
With recent discussions about Blockchain in the Chinese government... 🤔?
@JewKorean
ETFs + Adam Fisher green lighted at Soros + Venrock & CoinFund partnership + $1bil BTC OTC buys in Feb. + major accumulation during this H&S, Bearish Pennant, Inverted Devil Simpson pattern continuation.
We good fam. 💎💰💎
NH Bank has signed a business agreement with The Loop. It has joined R3, the world's largest blockchain association, and is doing R&D to create systems for financial services blockchains. “[We will] adapt to the era of the fourth industrial revolution."
🇭🇰 - Out in Hong Kong and spotted an elusive Bitcoin ATM. Always got my eyes open scouting out for the movement.
Pinky: What are we going to do tonight Brain?
Brain: The same thing we do every night Pinky. Try to take over the world.
🐭🌏🔝🔜
…
Korean banks and insurance companies will be making use of a blockchain based authorization certificate and other financial services by this upcoming July. “We need to continuously promote innovation that mitigates [regulations].”
🇰🇷 -
CONFIRMED! Samsung confirmed rumors of the Enjin partnership as they join forces for the blockchain gaming on the S10. It was reported that ‘Enjin Coin’ is Cooperating with Samsung for games and services, provided through the Samsung Galaxy Store.
🇭🇰 - Wow, I’m in HK right now and definitely missed this airdrop. 100 million HKD = roughly 12 million USD... a few hundred million thrown, that’s a sweet jackpot. With the density of the crowd and small street you could probably pull at least 20k.
Chinese 24 year old Bitcoin Millionaire Wong ching kit 黄鉦杰 AKA bi shao ye 币少爷 (Mr coin ) throws 100’s of millions of HKD from the roof top. He said “he feels as if he is god and he is responsible to teach the world about bitcoin.” Is this a sign of a bullrun incoming or ?!
🇰🇷 -
Park Won-soon, the mayor of Seoul, has revealed a five-year plan to invest $108 million to develop the South Korean capital as a smart city powered by blockchain.
The Blockchain Urban Plan for 2018–2022 will cover 14 public services in five areas.
Just fired up our news site. Looking for content creators 🚀 🌝 🚀 shoot me a DM if you’re keen on the Korean market and would like to contribute to our rapidly growing project.
South Korean blockchain technology and services company Glosfer and Coinvil have agreed to collaborate to build and launch a cryptocurrency exchange in the Philippines. Also, SK game developer Axia Soft has recently launched a crypto exchange called Coinbit with over 50 coins.
On January 31st, CoinDuck, an Ethereum based offline electronic wallet payment service will launch in various regions of the Korea. This is one of the most wide spread use cases for cryptocurrency South Korea has seen.
🇸🇬 - Polymath expanding into Asia with Security Token Global-X in Singapore/Hong Kong. A white label at the front of the exchange will lead to significantly more issuers running through Polymath. Imagine the scaling possible with the white label!
“We are excited to showcase Polymath’s technology as an easy-to-deploy, white label solution for STGX’s tokenization platform,” said Kevin North, CEO of Polymath. “We want the community to understand that Polymath’s mission is to facilitate the..."
As the importance of DeFi becomes even more clear as per the current climate oracles and VRF/RNG remain key primitives for Web3 to shed its shackles. Supporting
@FUNCTIONX_IO
and 23 other chains currently is
@SupraOracles
contribution to decentralization.
🌏 -
Berlin-based Neufund has announced today that it is collaborating with MSX, the innovation vehicle of the Malta Stock Exchange (MSE), and is also partnering with cryptocurrency exchange Binance. Seven companies have already decided to conduct an ETO.
Shedding some light for you all... anyone can integrate with 100s of EVM chains. It's literally a few clicks to deploy an oracle once you have it automated. Easy as 🥧
But actual clients consuming your data feeds... that's where value is derived. Otherwise, there's literally no
@cjliu49
Hardly anyone even remembers those days. We’re lucky guys like
@ErikVoorhees
are still around and advocating.
@DarkFiSquad
is one of the only projects I’ve seen maintaining the original ethos in today’s environment.
🇰🇷 -
South Korea’s top financial regulator has urged lawmakers to pass the country’s first crypto bill quickly, citing the urgent need from rising incidents at exchanges. There are currently several crypto-related laws pending at the National Assembly.
🇰🇷 - All the recent articles about the Korean govt. recognizing exchanges as regulated banks are likely stemming from the following announcement:
Real business entities, yes. Banks? Uhh... we’ll see about that one. 🤔
Tfw you ask your engineers how the LIVE deployment is going and they tell you we’ve hit 1500 requests PER SECOND on the backend API… you know you’re reaching virality.
I’m sure there are other indicators like a 10x in registrations from a 7AM workday start to 7PM ongoing… 🚀🌝
🇰🇷 -
Bithumb is planning to launch a DEX to increase global conversion potentially going up against Binance.
It is my opinion that the future of the utility token/crypto market depends on the success of DEXs. The next bullrun will not happen until then.
🇰🇷 - This is quite a large investment to make into a P2P OTC desk. Real estate in Seoul isn’t cheap.
Crickets or crowd? 🤷♂️
🐤 Early bird gets the worm, but so do birds post-storm. 🐛
💸💸💸
🇰🇷 - Fun Fact: SK Telecom has been investing heavily in Blockchain related projects. There’s a few diamonds in the rough in Korea these days with up and coming projects. Keep your eyes peeled in the next 2 months.
A group of lawmakers is moving to legalize the launch of new cryptocurrencies in South Korea. This is the first parliamentary challenge to the govt’s ban on domestic ICOs imposed late last year to curb speculative investment in digital currencies.
🇰🇷 - Exchanges in Korea are having issues. Lots of malfunctions going on with the APIs.
Some exchanges that are functioning, but hardly working.
Coinone - down
Upbit - down
Gopax - down
BitSonic - down
Coinrail - down
The huge data breach of AWS is showing its global effect.
Upbit – Suspected of Fraud
The company is suspected of transferring customer funds from their cryptocurrency exchange account to a representative or executive account.
🇨🇳 - Thought China was done? Nope, still in the game.
#fakeout
I went to Shanghai/Beijing immediately after the crackdown and everyone’s carrying on as usual. Reminded me of NK nuke threats in SK, everyone’s like 🤷♂️.
Ethereum Hotel, China's first hotel that accepts $ETH as payment, is ready to open their business in National Scenic Area of Four Girls Mountain (Sichuan Province).
Source (in CN):
🇰🇷 -
Korea’s Biggest Bank Is Preparing to Custody Digital Assets - KB Kookmin, the largest bank in South Korea, is teaming up for the effort with blockchain startup Atomrigs Consulting to launch a digital asset custody offering. Agreement signed June 10.
🇰🇷 -
Korea is finally starting the trend of security tokens. A bit late to the scene, but better now than never. Only heard trickles about a month ago, and now it’s picking up speed quickly. Time to lead the pack again for the next bullrun in STOs.
[New Coin Listing] IOST (
#IOST
) and Polymath (
#POLY
) will be listed on
#Bithumb
!
■Timeline: Timeline: December 6 (Thu), 2018 in the afternoon (KST)
■ Access: PCweb, mobile, API
Visit Bithumb website and trade newly listed cryptocurrencies ☺️
▶
The mayor of Seoul, Wonsun Park, is proposing to make a crypto for Seoul called "S coin". He hopes to utilize this blockchain for all administrative processes in the country, similar to what Estonia: public transportation system, utilities payments, even public welfare points. 👍
🇰🇷 -
6 new dApps were added to Samsung's S10 blockchain phone: My Crypto Heroes, PundiX, Mossland, Humanscape, Syrup Table, and Berry Pick. They said they will expand its smartphone support for the blockchain function and its services coverage.
🇹🇼 - I’m really happy to have taken a trip out to Taiwan to work with
@LeadBest_io
. The regulation there on STOs is forming rapidly and we’ll be contributing a significant amount of R&D to the regulators to form their framework. Exciting times ahead in 2019.