Messaging Giant LINE Announces New Move Into Crypto Space
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Messaging Giant LINE Announces New Move Into Crypto Space

Japanese messaging giant LINE has launched a $10 million token venture fund via Unblock Ventures, its recently established subsidiary. The publicly traded company announced the launch of the venture fund in a release on Wednesday, saying that it aims to further invest in blockchain startups in an attempt to boost...
Jeju Island in Korea Seeks to Become Free Zone for ICOs
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Jeju Island in Korea Seeks to Become Free Zone for ICOs

The Korean island of Jeju is currently seeking to become a free zone for ICOs (Initial Coin Offerings). If approved, the plan will enable crypto projects to conduct their token sales in the self-governing province of Jeju-do, despite South Korea's tough stance on this issue. The idea was proposed by...
Ohio to Legally Recognise Blockchain Data
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Ohio to Legally Recognise Blockchain Data

Ohio has officially become the latest state in the United States to legally recognize records and smart contracts stored on the blockchain. The news comes just months after the lawmakers from Ohio introduced a bill in May to amend sections within the Uniform Electronics Transactions Act to treat data stored...
China's Fudan University Builds a Blockchain Exchange for Electricity
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China’s Fudan University Builds a Blockchain Exchange for Electricity

Researchers from one of the leading universities in China claim to have developed a blockchain-based exchange, not to trade cryptocurrency but unused power. A patent application filed by the researchers’ team from China’s Fudan University was revealed on Friday. Initially filed in January the application details the workings of a...
British MP Resigns From Advisory Board of Blockchain Project
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British MP Resigns from Advisory Board of Blockchain Project

A British MP (Member of Parliament) has decided to resign from his position in the advisory board of a cryptocurrency project after it was found that he was getting paid for his services, news outlet the Financial Times reports Wednesday. British MP Grant Shapps resigned from OpenBrix, a blockchain company...
Jimmy Wales Says Wikipedia Will Never Hold An ICO
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Jimmy Wales Says Wikipedia Will Never Hold An ICO

Jimmy Wales, the founder of Wikipedia, said the not-for-profit online encyclopedia platform is not interested in holding an ICO (Initial Coin Offering) and it probably never will. It will also never issue its own cryptocurrency. Wales said, speaking to Business Insider after delivering a speech at a recent blockchain event...
South Korean Crypto Exchanges May Soon Lose Tax Benefits
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South Korean Crypto Exchanges May Soon Lose Tax Benefits

The South Korean government may soon stop providing significant tax benefits it grants to cryptocurrency exchanges and other small startups. The South Korean government has proposed a revision to the current tax law in the country, according to which, cryptocurrency exchanges would no longer be categorized under the category of...
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