South Korean Capital to Invest Over $1 Billion in Fintech and Blockchain Startups by 2022

More from: | CoinTelegraph | 0 The Seoul Metropolitan Government has announced plans to invest more than $1 billion in blockchain and fintech startups by 2022, according to the official announcement published on Feb. 18. According to the release, the South Korean capital’s government plans to use the “Seoul Innovation... Read more

Privacy Crypto Beam Gets Funding from ‘Japanese LinkedIn’ Recruit

More from: | Coindesk | 0 Privacy-oriented cryptocurrency startup Beam has secured an undisclosed amount of funding from Japan’s equivalent to LinkedIn, Recruit Co., Ltd. Recruit announced the news Monday, stating that the investment was made through its $25 million RSP Blockchain Tech Fund, which was set up last November.... Read more

China: Guangdong Province to Use Blockchain-Based Electronic Tax Invoices for E-Commerce

More from: | CoinTelegraph | 0 The Guangdong Municipal Taxation Bureau will implement an electronic invoice platform based on blockchain for the e-commerce industry, local Chinese news outlet Southern News Network reported on Feb. 18. Guangdong Province, one the most populated region in China, has opened the first blockchain electronic... Read more

Bitmain Announces New, More Efficient 7nm Bitcoin Mining Chip

More from: | Coindesk | 0 Bitmain Technologies has announced a new 7-nanometer bitcoin mining processor that it says offers new levels of energy efficiency. The new ASIC (application-specific integrated circuit), called the BM1397, is said to provide improvements in performance, chip size and energy efficiency for mining proof-of-work cryptocurrencies... Read more