Japan Grants Crypto Exchange License to Messaging Giant LINE

LVC Corporation, the digital asset- and blockchain-focused arm of Japanese messaging giant LINE, has obtained a crypto exchange operating license from Japan’s financial regulator.

The news was reported by Cointelegraph Japan on Sept 6.

Trading for 5 major cryptocurrencies

As previously reported, LVC Corp.’s trading platform, to be dubbed BITMAX,

Continue Reading …

Korean Internet Giant Kakao Teases Its Crypto Wallet for 50M Users

South Korean internet giant Kakao Corp has launched a teaser page for its forthcoming cryptocurrency wallet, Klip.

According to a report from News1 Korea on Aug. 12, Kakao has made the wallet teaser page available as part of the “More” tab on its messaging app KakaoTalk — the platform into which the real wallet will eventually be integrated.

Continue Reading …

Chinese Mining Giant Becomes ‘First’ To File US IPO: Unconfirmed Report

Chinese Bitcoin mining giant Canaan Creative has allegedly filed a $200 million initial public offering (IPO) request with United States regulators. 

Report: Canaan ‘beats Bitmain’ to IPO filing

That was according to a report which appeared on local social media platform WeChat on July 31, which claimed the application was already sitting before the U.S.

Continue Reading …

Global Banking Giant HSBC Launches Tokenization-Based Receivables System for India

Major global banking group HSBC has implemented tokenization technology into its receivables infrastructure for corporate clients in India, according to an announcement on June 18.

The British multinational financial services company has reportedly launched its Digital Accounts Receivable Tool (HSBC DART), based on tokenization technology developed by Australian blockchain-powered Fintech company Identitii Ltd.,

Continue Reading …

Local Media: Qatar Telecommunications Giant Ooredoo Launches Blockchain Initiative

Qatar-based telecommunications giant Ooredoo Group has launched a blockchain initiative, English-language local media The Peninsular Qatar reports on March 18.

Per the report, the company already collaborates with entities in the private, public and academic spaces to develop blockchain solutions. Ooredoo Group CEO Sheikh Saud bin Nasser Al Thani is quoted in the article as stating that “blockchain will facilitate new digital business models and revenue in the next five years.”

According to him,

Continue Reading …

Chinese Insurance Giant Ping An Partners With Decentralized AI Startup SingularityNET

Chinese insurance giant Ping An has partnered with Ethereum (ETH)-based decentralized artificial intelligence (AI) startup SingularityNET. The latter company announced the collaboration in a press release published on Medium on March 14.

Per the release, the collaboration will at first focus on Optical Character Recognition (OCR), Computer Vision (CV) and model training.

Continue Reading …

Messenger Giant Kakao Spent $57 Mln on New Tech, Including Blockchain, in Q4 2018

South Korean internet giant and messaging app operator Kakao Corp has published its Q4 2018 report that covers blockchain and AI operating expenses, Korean news website ZDNet reports Thursday, Feb. 14.

According to ZDNet, in Q4 2018 Kakao’s consolidated operating income was 4.3 billion Korean won ($3.8 million). At the same time,

Continue Reading …

Japanese IT Giant GMO Confirms Launch of Yen-Backed Stablecoin GYEN in 2019

Japanese IT giant GMO Internet has confirmed that it plans to launch its yen-backed stablecoin GYEN this year, Cointelegraph Japan reported today, Feb. 12.

The news was revealed during an earnings presentation to investors held today, after GMO released financial results for the fiscal year ending Dec. 31, 2018.

The firm’s founder and CEO,

Continue Reading …

Chinese E-commerce Giant Alibaba Wins Preliminary Injunction Against Alibabacoin

Chinese e-commerce giant Alibaba has won a preliminary injunction against Dubai-based Alibabacoin Foundation in a lawsuit over the misleading use of Alibaba in their name, financial website MarketWatch reports Wednesday, Oct. 24.

The U.S. District Court for the Southern District of New York has sided with the Chinese corporation during the trademark infringement case hearing Monday,

Continue Reading …

Japan: Messaging Giant LINE Launches Trading of Its LINK Token on Native Exchange

Japanese messaging app provider LINE Corporation announced that its newly-developed LINK (LN) token is now tradeable on its native BITBOX cryptocurrency exchange in a press release Tuesday, October 16.

LINE, which launched BITBOX in July, will offer trading against three cryptocurrency assets – Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) – out of a total of thirty currently available on the exchange.

Continue Reading …

Bitmain IPO: Trial by Fire for the Mining Equipment Giant

The views expressed here are the author’s own and do not necessarily represent the views of Cointelegraph.com

Bitmain, the world market leader for mining equipment, on the eve of an epic IPO — which could become the largest in the entire history of the IT market — is experiencing an equally epic publicity and information attack.

Continue Reading …

China: Insurance Giant Ping An Releases "White Paper on Smart Cities," Advocates for Blockchain

China’s Ping An Insurance, one of the world’s largest insurance company groups, has released a “White Paper on Smart Cities,” advocating for blockchain tech, AI, big data, and cloud computing, People’s Daily reports August 22.

Ping An Insurance, a Chinese conglomerate with operations in insurance, banking, and financial services, was ranked the third most valuable global financial services company in the world as of May 2018.

Continue Reading …

Chinese Retail Giant JD.com Launches Enterprise Blockchain-as-a-Service Platform

Chinese e-commerce giant JD.com has revealed its new Blockchain-as-a-Service (BaaS) platform in a press release published today, August 17.

The new tool, dubbed JD Blockchain Open Platform, aims to enable businesses to build, host and implement blockchain solutions without having to develop the technology from scratch.

According to the press release,

Continue Reading …

Crypto Mining Giant Canaan Unveils First-Ever Bitcoin Mining Television


Canaan Creative has launched what it hopes will be the future of the blockchain and the first of a series of releases that will improve its position as it battles for increased market share in the bitcoin mining device market.

Dubbed the AvalonMiner Inside, the smart TV also doubles as a bitcoin mining device,

Continue Reading …

Japan’s Tech Giant Sony Offers Solutions for Boosting Blockchain Hardware in Two Patents

Japanese electronics giant Sony has filed two patents for boosting blockchain-based ecosystems, according to filings 20180218027 and 20180219686 published by the U.S. Patent and Trademarks Office (USPTO) Aug. 2.

Through the patents, Sony intends to improve the design and structure of blockchain hardware by introducing new circuitries to the processes of distributed ledger technology.

Continue Reading …

Banking Giant Trials Blockchain for Issuance of Land-Backed Loans

The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system.

The bank tested the technology for the first time in one of its branches in China’s Guizhou province which issued a loan backed by a piece of agricultural land as collateral,

Continue Reading …

Chinese Banking Giant Trials Blockchain to Issue Land-Backed Loans

The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system.

The bank tested the technology for the first time in one of its branches in China’s Guizhou province which issued a loan backed by a piece of agricultural land as collateral,

Continue Reading …

Bitcoin Mining Giant Bitmain Eyes $1 Billion Pre-IPO Financing: Report


Already the world’s most valuable cryptocurrency company, Chinese bitcoin mining hardware manufacturer Bitmain is reportedly enticing investors toward a new $1 billion financing round ahead of its anticipated public listing in Hong Kong.

According to regional news resource Toutiao, Bitmain is looking at a new round of financing – its biggest yet – near the end of July that would see firm valued just a peg below semiconductor giant AMD,

Continue Reading …

South Korean Telecoms Giant KT Has Built Its Own Blockchain

KT Corporation, one of the two largest telecoms companies in South Korea, has launched a proprietary blockchain network, aiming to apply the technology across areas including ID verification, data roaming and energy trading.

According to a report from CoinDesk Korea, the firm revealed its KT Network Blockchain on Tuesday, boasting a throughput of 2,500 transactions per second (TPS) thanks to an integration with its existing high-speed commercial network.

Continue Reading …

A Japanese Telecom Giant Wants to Use Blockchain to Store Contracts

Japanese telecommunications giant Nippon Telegraph and Telephone (NTT) may be looking to invent a new contract agreements system based on blockchain technology, according to a patent application published Thursday.

The world’s fourth-largest telecom provider details how it could use the application to store contracts without allowing for documents to be tampered with.

Continue Reading …

Japanese Internet Giant GMO’s New Web Bank Will Use Blockchain for Payments


Multi-billion-dollar Japanese tech conglomerate GMO has launched a new internet banking business that will use blockchain technology for faster and cheaper payments and financial services.

In an announcement [PDF] on Tuesday, the GMO Internet Group confirmed the launch of the GMO Aozora Net Bank in partnership with Aozora Bank Group,

Continue Reading …