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Citizens In South Korea Begin Training To Become Proficient In Blockchain Technology

Forty-two lucky South Korean citizens are soon to undergo intensive training to become proficient in Blockchain technology, thereby setting them up for immediate employment within the country. According to Kinews, a South Korean news service, the training is part of a wider $100 billion development strategy to help boost South Korea’s technology industry, specifically in the realm of distributed ledger technology. It is anticipated that this strategy will be rolled out over 10 years. To deliver the crash course, a number of key political authorities have been brought on board including the Korea Standards Association and the Ministry of Science,...

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Blockchain Company In Switzerland Seeks Banking License In 2019

Smart Valor, a blockchain company in Switzerland has recently been given the approval from the country’s regulators to function in the local financial market. Instead of the Financial Market Supervisory Authority (FINMA) regulating the Swiss blockchain company, they will instead be regulated by the local Financial Services Standards Association (VQF). FINMA authorises VQF in order to check anti-money laundering compliance. This new-found approval by regulators will give Smart Valor a better reputation and more credit since it will constantly be examined for AML compliance. But it wasn’t clear on if the other blockchain businesses in the country got approval as...

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China’s Largest Bank Embrace Blockchain

The ICBC (Industrial and Commercial Bank of China) have announced that they are putting their focus on developing blockchain technology. This is a huge development, when you consider China’s push to integrate the technology of blockchain into financial systems with the ICBC is the largest banking business in the country with over 500 personal customers and more than 5,000 corporate customers. The chairman of the bank, Yi Huiman has suggested that the ICBC will focus on an accelerated deployment in the field of financial technologies and intelligent banking, as it goes forward. This involves artificial intelligence, blockchain, cloud computing, Internet...

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Google Allowing Users To Explore The Ethereum Blockchain

A data analysis project owned by Google called BigQuery have built a system that allows users to fully explore all historical data on the Ethereum blockchain. They have developed this new platform to help compliment the imagination captured by the Ethereum blockchain of technology and finance enthusiasts worldwide. Granted, the BigQuery data isn’t groundbreaking, though it is a creative application and one that could help to allow new users begin to understand, in more detail, how the Ethereum blockchain works. What is BigQuery? According to Finance Magnates: “BigQuery is a data analysis programme for large amounts of information. It was...

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Bittrex Buys Stake In Blockchain Company Palladium

The US crypto exchange Bittrex has become a shareholder in the Maltese Blockchain company Palladium, after buying a 10% stake in the company. The local news outlet Time of Malta spoke to the founder of Palladium, Paolo Catalfamo who said: “We are excited to have such a global player on board. Bittrex’s investment in Palladium is a confirmation of Malta’s sound decision to be at the forefront of regulating blockchain technology.” Before the investment was executed by Bittrex, Palladium was owned by the bank holding company Investar Holding, which held 85% in the company, and an eSports betting platform Unikrn,...

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