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South Korea to Make Government-led USD 383m Blockchain R&D Drive


The South Korean government will stump up USD 383 million worth of funding for Seoul-led blockchain research incentives over the next six years. Per a report from ZDNet Korea, the country’s Ministry of Science and ICT plans to utilize the funds to develop original blockchain technology, with...

China Has Registered 60% of the World’s Blockchain Patents - Report


Chinese companies and government organizations registered a staggering 7,600 blockchain-related patent applications between 2009 and 2018, with e-commerce giant Alibaba alone registering 512 patents, according to Japanese researchers. Nikkei reports that, per Japanese research company Astamuse...

Is Blockchain the ‘Secret Weapon’ Driving the Yahoo Japan-Line Merger?


Source: iStock/AF-studio Industry insiders in South Korea and Japan are talking up the potential blockchain “synergy” that may materialize from the proposed Line and Yahoo Japan merger – after the tech giants’ operators agreed on a deal in principle. Yahoo Japan operator SoftBank has released...

Big South Korean Companies Continue Blockchain Spending Drive


South Korea’s biggest businesses are continuing to dominate the nation’s blockchain industry. Per news outlet Maeil Kyungjae, the country’s Software Policy & Research Institute has revealed that seven out of South Korea’s top 10 largest companies have begun integrating blockchain technology...

Vietnamese ‘Upbeat’ About Crypto as Blockchain Plans Unveiled


Could a crypto comeback be on the cards in Vietnam? And could South Korean blockchain firms provide a catalyst for change? In the past few days, Ho Chi Minh (HCM) City authorities have stated that they will “develop a blockchain infrastructure” to power smart city construction initiatives, claiming...

Singapore & JPMorgan Create Forex Payments Blockchain Solution


The Singaporean central bank says it has developed a blockchain-powered prototype for foreign exchange payments – and wants other central banks to follow suit. The Monetary Authority of Singapore (MAS) stated, in a press release, that its new solution was developed in conjunction with JPMorgan...

Did South Korea Just 'Sentence Blockchain Gaming to Death'?


South Korean gaming industry representatives say that the government may have doomed blockchain gaming to oblivion – after a regulator banned Infinity Star, a game that makes use of Ethereum ERC 721 Non Fungible Tokens (NFTs). Late last week, the Game Rating and Administration Committee (GRAC)...

Ignore Decentralization & Tokenization and You May Miss USD 3Tn Market


Businesses that ignore decentralization and tokenization risk to miss a USD 3 trillion market, finds the major research and advisory company Gartner. The blockchain-related industry to generate USD 3.1 trillion in new business value worldwide by 2030, but half of it will be generated already...

Competition Among Ripple, Visa and IBM Heats Up + 16 More Crypto News


Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world. Adoption news Ripple, Visa and IBM are driving blockchain innovation in cross-border payments, a new study by digital commerce...

Blockchain Banking March Continues Despite S Korea Digital Fiat No-go


Many believe that China’s digital fiat will arrive soon, but South Korea, one of the Middle Kingdom’s closest neighbors, has all but ruled out issuing its own digital token – and states that digital fiats are still a way off. In the private sector, though, the pace of banking innovation just...

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