Klaytn, introduced by messaging app Kakao’s blockchain arm Ground X, went live in 2019 and now has “millions of users in Korea,” it said. Its KLAY token has over $880 million market cap, CoinGecko data show, making it the 66th largest cryptocurrency. Its governing body at launch included electronics giant LG, with crypto exchange Binance and South Korea’s Shinhan Bank joining later. Source
Mark Cuban, investor, Shark Tank star, and owner of the Dallas Mavericks is skeptical when it comes to the concept of the metaverse. In a recent interview, when asked about the definition of the metaverse, Cuban stated that the metaverse was “anything you want it to be,” declaring that buying land in the metaverse was the “dumbest sh*t ever.” Mark Cuban Mocks Current Metaverse Iteration The concept of the metaverse has been an object of skepticism for many people. In a recent podcast, Shark Tank star and National…
The Reserve Bank of Australia weighs in the central bank digital currencies (CBDCs) race to explore use cases for a CBDC in the country. It will collaborate with the Digital Finance Cooperative Research Centre (DFCRC) on a respective research project. As stated in an announcement from Aug. 9, the joint project of the Reserve Bank and DFCRC will focus on “innovative use cases and business models” that could be supported by the issuance of a CBDC. The technological, legal and regulatory considerations will also be assessed in the project’s course.…
South Korea is considered the fourth biggest gaming market and one of the biggest blockchain adopters. However, the country has banned play-to-earn (P2E) blockchain games due to the crypto integration. The new pro-crypto president Yoon Suk-yeol had hinted at lifting the ban, but the government has yet to show any significant effort. Anthony Yoon, managing partner of blockchain investment and accelerator firm ROK Capital, in an exclusive interview with Cointelegraph, said that GameFi is a natural fit for Korean game publishers. Yoon shed light on the current state of GameFi…
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Blockchain in the fintech market is anticipated to reach $31.4 billion by 2030, given that the penetration of this cutting-edge technology in the financial industry has boosted app-based operations. The study by Market Research Future (MRFR) pointed out that a compound annual growth rate (CAGR) of 47.9% would be recorded in the forecast period between 2021 and 2030. Open banking and the high adoption of international payment platforms are the key driving forces behind the market expansion. Since blockchain technology aids transparency, transaction security, and detection of fraudulent…
Bitcoin (BTC) consolidated lower on Aug. 9 after familiar resistance preserved a multi-month trading range. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin navigates whale price ladder Data from Cryptox Markets Pro and TradingView showed BTC/USD falling under the $24,000 mark overnight after rejecting near $24,200. The pair had seen swift gains to start the week but momentum faded as the top of the trading range in place since mid-June came closer. As such, bulls failed to reclaim new ground or even match the highs seen at the end of July,…
The Reserve Bank of Australia (RBA) is to explore use cases for a central bank digital currency (CBDC) in “limited-scale” pilot alongside the Digital Finance Cooperative Research Centre (DFCRC). Source
Korea Blockchain Week (KBW) 2022 wrapped up its two-day mainstage events this evening, which again saw a number of influential speakers take to the podium including Janine Yorio of Everyrealm, Yat Siu of Animoca Brands and Sky Mavis’ Jeffrey Zirlin. Held at the Grand Intercontinental Seoul Parnas, the second-day conference saw thousands of attendees engaged across three conference tracks — Stage Seoul, Stage Busan and Stage Jeju. The majority of the discussions on the second day focused on the future of the Metaverse, and the strategies that Web3 companies are taking…
Crypto platform Bitcoin.com is looking to expand its ecosystem by introducing Bitcoin (BTC) holders to the world of decentralized finance (DeFi) and implementing new services such as a decentralized exchange (DEX) in its platform. Speaking with Cointelegraph’s Andrew Fenton at the Korea Blockchain Week (KBW) 2022, Bitcoin.com’s head of financial services Corbin Fraser said that the company is moving from only being associated with Bitcoin Cash (BCH) to becoming a DeFi platform that caters to crypto users across multiple chains. Fraser explained that: “We’ve got a lot of BTC users…