Huobi Korea, the South Korean branch of the world’s sixth largest crypto exchange, has recently strengthened its anti-money laundering (AML) protections, according to a press release shared with Cointelegraph on Feb. 21. According to the statement, Huobi Korea, which launched its services in 2018, has reviewed its deposit and withdrawal processes and fiat-to-crypto oversight. The […] More
South Korea’s largest wireless carrier, SK Telecom (SKT), is partnering with the world’s fifth largest telecoms firm, Germany’s Deutsche Telekom, to develop a blockchain-based mobile identification solution. The news was reported in a press release from SKT on Feb. 21. A Memorandum of Understanding between the two firms is to be formalized during the Mobile […] More
Big Four auditor KPMG announced it had partnered with enterprise blockchain company Guardtime to offer blockchain-based services to clients in a press release on Feb. 20. KPMG, which has experimented with blockchain before, has entered into a strategic alliance with Guardtime and will work on various products and services using its platform. “Using KPMG’s blockchain […] More
Until very recently, many in the crypto community considered the ICO trend to be dead due to several reasons. The ICOs (Initial Coin Offerings) saw a lot of attention in 2017, when the crypto market erupted, attracting countless new traders and investors from all corners of the world. However, after the prices of digital coins […] More
After experiencing large gains for several days, causing the investors to think that the bearish influence is finally behind them, the crypto market has just sunk back into trading in the red. The shift has brought Bitcoin below $4,000, which is a mark that the coin struggled to reach for days now, even succeeding in […] More
The County Auditors’ Association of Ohio (CAAO) has announced the formation of a working group to study the use of blockchain for the effective transfer of property deeds. The news was reported on Feb. 21 by Ohio-based blockchain startup SafeChain — the technical advisor for the multi-county initiative. The association’s collaborative effort will reportedly test […] More
Ethereum (ETH) blockchain-focused development company ConsenSys has invested in an infrastructure investment startup, Allinfra, according to a press release shared with Cointelegraph on Feb. 21. As per the announcement, Allinfra will rely in part on ConsenSys’ technological capabilities and expertise in the tokenized assets area. The exact amount of the investment has not been disclosed. […] More
South Korea’s largest telephone company, KT Corporation, plans to launch a blockchain-as-a-service (BaaS) platform next month, local news outlet iNews24 reported on Feb. 21. KT reportedly revealed the concept to interested business clients at a presentation this week. The firm says it wants to increase the accessibility of blockchain technology locally. The platform comes as […] More
The evolving relationship between blockchain tech and the health sector has already been thoroughly documented, yet something that’s received less attention is the increasing role blockchains are set to have in the health insurance industry. This industry was worth over $600 billion in 2017 in the United States alone, while calculations suggest that as much as $375 […] More
Bahrain’s central bank is launching a regulatory sandbox to allow blockchain and crypto companies to work in the country, pending formalized regulations. The news was reported by Bloomberg оn Feb. 20. As previously reported, in December 2018, the central bank issued draft proposals to potentially regulate and license crypto asset services. With the prospective framework […] More
