According to fnnews, a mainstream financial media outlet in South Korea, Kakao is integrating crypto for its 44 million local users. Kakao is the biggest internet conglomerate in South Korea that operates KakaoTalk, KakaoPay, KakaoTaxi, KakaoStory, KakaoStock, and many other platforms that have overwhelming dominance in their respective markets. On March 18, fnnews reported that following the...
In yet another sign that the Crypto Winter is beginning to thaw, fundraising in the industry is once again alive and well. Ground X Corp, which is the crypto arm of South Korea-based mobile giant Kakao, has raised a cool $90 million in a private coin offering and is targeting the same amount in yet another fundraising round expected to kick off this week, Bloomberg reports. Ground X's decision...
Israeli hybrid blockchain platform Orbs has announced that it is entering an investment partnership with the venture arm of South Korean internet group Kakao. Created to serve as a pioneering public blockchain system offering unprecedented flexibility and utility, Orbs permits business dApp developers to deploy over a highly secure and liquid network that comes with production-ready scalability...
On November 26, the Financial Services Agency (FSA) of Japan held an internal meeting to discuss the possibility of allowing private crypto initial coin offering (ICO) projects. Nikkei exclusively reported that local financial authorities are actively exploring the legalization of ICOs for institutional investors and accredited investors, as long as they are lawfully conducted within the...
The South Korean government has no other choice but to legalize initial coin offerings (ICO) and representative Hong Eui-rak of the ruling Democratic Party of Korea has obtained the support of 10 lawmakers to challenge the current ban on domestic ICOs. Multi-Billion Dollar Opportunities The economy of South Korea has only recently started to improve from its previous years and considering the...
This week, Binance, the world’s largest cryptocurrency exchange with a $1.7 billion daily trading volume, has relocated its headquarters to Malta, a region that has always been friendly to cryptocurrency businesses and investors. Along with its current team, Binance has moved its resources over to Malta, and has decided to employ more than 200 full-time employees to fully establish the company in...
For the first time in history, the Chinese government and its central bank, the People’s Bank of China (PBoC), has opened its $27 trillion payment market to the world. Foreign firms are now allowed to apply for licenses to operate within China, competing against local service providers. Freedom For Foreign Firms In China, homegrown companies have complete dominance over the internet and finance...
Asia Business, an influential finance-focused media outlet in South Korea, has reported that Kakao, one of the two largest internet companies that operate KakaoTalk, KakaoPay, KakaoStory, KakaoTaxi, and a subsidiary company which runs major cryptocurrency exchange UpBit, will integrate cryptocurrency within 2018. Importance of Kakao An exclusive coverage released by Asia Business revealed that...