First step to Metropolis: Byzantium testnet

The date of a launch for the Byzantium testnet, the next critical step toward Metropolis, has been announced
09 September 2017   2099

Byzantium is the first of the two phases in the Metropolis update, which is to be followed by Constantinople later.
The date of a launch for the Byzantium testnet, the next critical step towards Metropolis, a major upgrade for Ethereum, has been announced. 

Thus, the testnet will be deployed on September 18th

According to the information provided by coindesk.com, the actual network upgrade release is to be launched in October, depending on the length of the testing period and any issues that may arise during that time. 

If things go wrong....they will go wrong fast.
 

Péter Szilágyi
Developer

Vitalik Buterin, the creator of Ethereum, argues that he anticipates the Byzantium test phase will last between three and four weeks.

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.