BTC-e renounced relation with A. Vinnik again

BTC-e commented on the allegations made against the detainee Russian citizen Alexander Vinnik
14 September 2017   1962

Well known cryptocurrency exchange BTC-e commented on the allegations made against the Alexander Vinnik, once again declaring that he is not the leader or the creator of the platform. This is reported by the RT.

We want to report that on September 6, 2017, we learnedabout the officially launched accusations by the US government against our company and Alexander Vinnik from public sources. In this regard, the BTC-e declares that since its inception the company has been carrying out its activities within the requirements and norms of the legislation of those countries where it was registered. Alexander Vinnik is not its creator or owner of the company. 

BTC-e team

The company noted that from now on BTC-e will take all necessary measures to protect its employees and its business reputation.

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.