Korean Government to Hold Meeting Due to Crypto Boom

Report says officials fear that the market may overheat due to the resumption of rapid growth
28 May 2019   217

Members of the South Korean government organized a meeting this Tuesday to discuss the current growth of the cryptocurrency market and possible methods for establishing closer control over the industry, Cointelegraph reports, citing local media.

According to them, the meeting was chaired by the head of the Coordination Service, a government politician, Noh Hyeong-ouk. Representatives of the Ministry of Economics and Finance, the Ministry of Justice and the Financial Services Commission (FSC) took part too. According to the KBS radio station, officials fear that the market will overheat due to the resumption of rapid growth.

Strengthened oversight of local exchanges and intervention to smooth the impact of sharp market movements on investors were called as possible responses to the current situation. They also discussed the possibility of tightening practices aimed at countering fraud, including through the cooperation of local law enforcement agencies with FSC, and changing the law “On Financial Information” to prevent money laundering through cryptocurrency exchanges.

In April, it became known that Korean officials intend to change their approach to regulating the crypto-industry in order to provide it with the necessary support.

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   146

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.