Korean Web Giant Kakao Announced Own Blockchain Platform

The new product will be open to the public and should become the basis on which developers can create their applications
27 March 2018   576

One of the largest Internet companies in South Korea Kakao has officially announced the creation of a subsidiary named Ground X, specializing in blockchain technologies, reports Yonhap.

During the press conference, the representatives of the operator of the popular in South Korea messenger KakaoTalk told about the launch of a new unit, which will develop its own blockchain-platform. The new product will be open to the public and should become the basis on which developers can create their applications. The release of the new site should take place during the year.

It is also planned that Ground X will integrate all future blockchain services with existing services of Kakao, said the company's CEO Joe Su-yong and Yeo Ming-su.

Now at Kakao 3.0, we will continue to explore our growth potential by seamlessly integrating services among Kakao companies and actively building presence in the global market. 

Joh Su-yong 

Co-CEO, Kakao

At the same time, according to ZDNet, Su-yong denied the earlier rumors about the release of Kakao Coin cryptocurrency and ICO outside of South Korea, where such campaigns are outlawed.

Ledger Team to Find Issue in New Nano S Software

Last update's security improvements have affected the amount of device memory
15 February 2019   114

Ledger hardware wallet developers stated that an unforeseen problem was found in software version 1.5.5 for the Nano S model. Improvements in the security context have affected the amount of device memory.

When planning for this update we didn’t anticipate the impact it would have on Ledger Nano S capacity. This was not planned obsolescence, simply put, we messed up. We apologize and we’re committed to making it right.

Ledger Team

The project team apologized for the incident and promised to fix the problem during the second quarter of 2019.

The project also announced the addition of Nano S support in the Ledger Live mobile app on Android.

Earlier, researchers at Wallet.fail discovered a number of vulnerabilities in the Trezor and Ledger hardware cryptocurrency wallets. As a result, they were able to conduct a series of successful attacks on wallets during the Chaos Communication Congress in Leipzig.