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Major Korean Firms Partner to Launch Blockchain Mobile ID System

A consortium of major South Korean firms partnered to launch a blockchain-based mobile identification system in 2020, English-language local media Korea Times reports on July 14.Per the report, the participants are financial services firms KEB Hana Bank, Woori Bank, KOSCOM, mobile carriers SK Telecom, KT, LG UPlus, and technology

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Major Polish Crypto Exchange ‘Loses Liquidity’ to Shut Shop Unexpectedly

Bitmarket, a Polish cryptocurrency exchange which started operating in 2014 has stopped operations without warning, citing ‘loss of liquidity’ as the reason for its shutdown.In a statement posted on its official website, the platform declined to provide any further information, including what is likely to happen to funds trapped in

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Major Chinese Financial News Provider Quietly Adds Crypto Index

Sina Finance, a finance-focused website owned by China’s major tech company Sina Corp, has added crypto index into its mobile app, China-focused online Twitter resource Cnledger reported on July 3.The new index on China’s major financial news channel provides data on prices and performance of major cryptocurrencies such as

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A Major Chinese State-Run Media Organisation Labelled Bitcoin a “Safe Haven Asset”

The legal status of cryptocurrencies in China is a controversial topic. Yet, the Asian country is one of the most developed nations in the field of blockchain. This might change after a major Chinese state-run media went against all the opinions of the government by publishing a financial study that

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Crypto Market Plummets $58 Billion as Major Coins Fall 30% in Bloodletting

The global cryptocurrency market lost $58 billion in a flash crash on Thursday morning as bitcoin makes a retreat. The combined value of the world’s cryptocurrencies dropped from $386 billion to $328 billion - a 14.9% loss overall. Just hours previously Bitcoin had been flirting with the $14,000 mark; now, BTC

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