#CryptoCorner: South Korea to Lift #ICO Ban, Sygnia to Launch #Crypto Exchange, EOS to Set ICO Record Despite Security Concerns and ‘Catch Me if You Can’ Former Forger Predicts Big Things for #Blockchain
#CryptoCorner: South Korea to Lift #ICO
Ban, Sygnia to Launch #Crypto Exchange, EOS to Set ICO Record Despite Security
Concerns and ‘Catch Me if You Can’ Former Forger Predicts Big Things for #Blockchain
Point Roberts, WA, Delta BC – May 29, 2018 - Investorideas.com, a leader in crypto and
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with today’s edition of Crypto Corner.
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/05291SouthKoreaSygniaEOS.asp
South Korea to Lift
ICO Ban, Sygnia to Launch Crypto Exchange, EOS to Set ICO Record Despite
Security Concerns and ‘Catch Me if You Can’ Former Forger Predicts Big Things
for Blockchain
A
report in BusinessKorea today
indicates that the country’s National Assembly is calling for a lift on the ban
of initial coin offerings (ICOs). The Assembly’s “special committee on the
fourth industrial revolution” held a general meeting on Monday, where they
proposed legislation and policy while accusing the administration of “neglecting its
duty in responding to blockchain application expansion”.
“The special committee on
the fourth industrial revolution said, “We need to form a task force including
private experts in order to improve transparency of cryptocurrency trading and
establish a healthy trade order. The administration also needs to consider
setting up a new committee and building governance systems at its level in a
bid to systematically make blockchain policy and efficiently provide industrial
support. We will also establish a legal basis for cryptocurrency trading,
including permission of ICOs, through the National Assembly Standing
Committee.””
South
Korean authorities had imposed a total ban on ICOs last September.
South
Africa’s Sygnia Asset Management, plans to launch a cryptocurrency exchange
called SygniaCoin in the third quarter of this year, according to a report on BusinessTech. Sygnia CEO Magda Wierzycka
made the announcement on Friday, saying:
“We have spent the past six months
actively researching a number of new strategic initiatives that will position
Sygnia for the evolving digital future, as well as help its new business
development and distribution efforts.”
Scheduled to end on June 1, 2018, the EOS
ICO is “on track to raise more than
$4 billion” USD according to the Wall Street Journal today. This would make EOS
creator Block.one’s ICO far and away the highest to date, dwarfing the former
highest Telegram ICO which reached $1.7 billion USD earlier this year. This
follows news that Chinese internet security company, Qihoo 360, had found major security
risks in the EOS blockchain platform.
CCN reports that Frank Abahnale, the security consultant and
former forger whose autobiography Catch
Me If You Can inspired the 2002 film of the same name, believes blockchain
technology adoption is a certainty. Speaking at the Blockchain Nation Miami Conference,
Abagnale said:
“I think you would have to be pretty
ignorant not to realise that blockchain is the way for the future, it is the
best way to secure information 100 percent, so I think you will see banks,
especially accounting practices and accounting firms, all move to the
blockchain, keeping records through blockchain. It will be the best way to do
so because you cannot break the blockchain, you cannot hack into the
blockchain, you can’t change anything in the blockchain.”
Sam Mowers, Investorideas
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