Bitcoin price to the moon despite hardfork talks

The price of the top cryptocurrency recovers and now tends to the mark of $5,000
02 October 2017   1181

It’s been quite a tough time for the cryptocurrency community lately. The whole China-against-Bitcoin thing resulted in the top cryptocurrency price falling. Now, the largest Bitcoin exchanges, such as ViaBTC and BTCChina, are closed.

However, it seems that over the past week, the Bitcoin price has fully recovered.

Thus, today, on October 2nd, the price of the top cryptocurrency surpassed $4,437, nearing the target of $5,000.

Bitcoin price chart on coinmarketcap.com
Bitcoin price chart on coinmarketcap.com

Thus, lately Bitcoin has demonstrated a rapid rate of recovery, rebounding from $3,500 to $4,430 in a span of less than two weeks. On top of that, the market capitalization of Bitcoin has increased from $59 billion to $73 billion.

South Korea to Invest $1B in Blockchain Startups

Blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution, local authorities believe
19 February 2019   103

Until 2022, Seoul authorities are investing 1.2 trillion South Korean won ($ 1.07 billion) in fintech startups working with distributed ledger technology. This is reported by CoinDesk.

Funds will be allocated for the development of new technologies through the Seoul Innovation Growth Fund, created last year by local authorities. The foundation will support startups working on various solutions, including those that are in the early stages.

In the first half of this year, the Fund will allocate 13.25 billion won ($ 11.75 million) and 8.4 billion won ($ 7.45 million) in the second half of 2019. For the Korean authorities, the blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution.

The officials also noted that the average investment per start-up at an early stage of development in South Korea is almost seven times lower than, for example, in Silicon Valley.

Last fall, Seoul authorities submitted a five-year development plan for the blockchain industry.