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Korea’s Kakao Corp. Considers Private Placement to Raise Funds for Blockchain Subsidiary

South Korea’s messaging app operator Kakao Corp. is considering offering a private placement to attract investors to develop their blockchain subsidiary, Bloomberg reports today, June 28. Kakao Corporation’s blockchain initiative, the Tokyo-based Ground X, was announced at the end of March as part of the messaging app operator’s new Kakao 3.0 business plan aimed at the wider Asian markets. Bloomberg ...

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What Is ABEE? | NullTX

Ride-sharing has become a lot more popular over the past few years. While not all of these ventures are well-received, there is still plenty of room for competition. ABEE aims to get in on this action, as it is a peer-to-peer ride-sharing service which involves the use of smart contracts. The Concept of ABEE Ride-sharing and blockchain technology can make ...

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Nebulas Selected by China’s MIIT in Global Public Chain Evaluation

The Global Public Chain Technology Evaluation aims to provide an objective review of the technological development of the top global public blockchains, and increase transparency into blockchain trends and innovations. The evaluation index will be released regularly every month. This will also provide consulting services for governments, enterprises, scientific research institutes and technologists. At the moment, 30 projects have been ...

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Blockchain Launches Institutional Platform to Give Investors Crypto Exposure

One of the largest names in the Bitcoin space, Blockchain, has announced a platform to help institutional investors get exposure to cryptocurrency. Blockchain Principal Strategies can be accessed from today and there are plans to launch additional products and services throughout the summers months. Blockchain Becomes Latest Company Trying to Lure Institutional Money into Crypto In a blog post published ...

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Germany’s SolarisBank to Serve Blockchain and Crypto Companies

Crypto and blockchain companies from the European Economic Area (EEA) can now conduct business through the fully licensed German solarisBank, Cointelegraph auf Deutsch reports Thursday, June 28. With its ‘Blockchain Factory,’ solarisBank offers its customers a so-called ‘blockchain company account’, which can only be opened in fiat currencies. These accounts are intended for the banking needs of blockchain companies, which ...

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Bitcoin Airdrop and Azul App

Can a Bitcoin Airdrop help the people of Venezuela? The country is considered one of the world’s most oppressive monetary states. Unfair practices implemented by its government to maintain control of its people has resulted in the following; “severe shortages of medicines, medical supplies, and food have intensified since 2014, and weak government responses have undermined Venezuelans’ rights to health and food. ...

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Mayweather-Backed ICO Is a Security, US Judge Says

An initial coin offering (ICO) token promoted by boxing legend Floyd Mayweather is a security, a US district court judge has said. Magistrate Judge Andrea Simonton made this determination in a report related to a class action lawsuit against the operators of Centra Tech, a cryptocurrency startup whose $32 million ICO was shut down by the Securities and Exchange Commission ...

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Coinbase CEO Brian Armstrong Launches Cryptocurrency Charity Fund

On June 27, 2018, Coinbase CEO Brian Armstrong announced his new cryptocurrency charity fund, GiveCrypto. Armstrong established the philanthropic venture to financially empower people with direct cryptocurrency distributions. Armstrong and partner Rose Broome, previously co-founder and CEO of HandUp.org, have already raised $1 million from prominent cryptocurrency community members. They plan to raise $10 million by the end of 2018 ...

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Facebook Unbans Cryptocurrency Advertisements but Still Disallows ICOs

Multiple technology companies have taken a harsh stance on cryptocurrency advertisements. Google, Facebook, Microsoft, and Twitter have all removed cryptocurrency advertisements from their platforms. Surprisingly, Facebook has already reversed its decision in a very peculiar way. Facebook Changes its Mind The proposed ban on cryptocurrency advertisements on the Facebook platform was not received well by the community. That was not ...

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