Korea's Jeju Island May Become ICO Hub

Governore belives that blockhain can help South Korea
14 August 2018   1786

The governor of the South Korean province of Jeju Won Hee-ryong plans to make his island the center of the blockсрфшт industry. Despite the tough position of the state in relation to crypto-currencies, Jeju Island can be allocated to a special zone for ICO and cryptocurrency. This is reported by Korea JoongAng Daily.

Governor Won announced the proposal at a meeting with the South Korean government. The event, among others, was visited by the country's finance minister Kim Don Yong.

Blockchain can cut costs, provide stable transactions and essentially has the potential to become a game changer that could alter the ecosystem of the internet platform industry. For Korea to become a leader rather than a consumer of this new global industry, we need to quickly allow [the operation of] blockchain and cryptocurrency [firms].
 

Won Hee-ryong

Governor, Jeju

According to the plan of the governor Won, the blockchain start-ups in Jeju can easily conduct the initial offers of coins (ICO) and collect the necessary funds.

Also, the authorities of the Jeju province propose to create a special structure together with representatives of the state and experts in the crypto-currency area, which will deal with issues of state support for the block industry. There's no news on the mining regulation in Jeju.

Last fall, the South Korean authorities have banned the conduct of ICO, as well as all types of lending in digital currencies, including margin trading.

Bitmain's Antminer S19 & S19 Pro to be Available

Antminer S19 with a hash rate of 95 TH/s costs $ 2180, and Antminer S19 Pro with a hashrate of 110 TH/s is $ 2920
23 March 2020   308

Bitmain, the largest manufacturer of mining equipment, has announced the launch of sales of new Antminer S19 and S19 Pro devices.

So far, new equipment will be available only in China, but the Bitmain team has announced the imminent launch of international sales.

The price of Antminer S19 with a hash rate of 95 TH / s is $ 2,180, and the Antminer S19 Pro with a hashrate of 110 TH / s costs $ 2,920.

According to the iHodl portal, the first batch of miners has already been sold out and buyers should receive their devices from May 11 to May 20.