Red Pulse to host an AMA session

An intelligence and content ecosystem for China Markets Red Pulse will organize an Ask-Me-Anything session via YouTube on June 23
22 June 2018   565

Red Pulse team announced an Ask-Me-Anything session to be held at the project`s YouTube channel on June 23. As the development progresses ahead of schedule and the community anticipation is building up, the team is collecting the questions beforehand at an e-mail address.

Red Pulse project is a market intelligence platform covering China's financial and capital markets. Platform will connect industry experts, practitioners, and professionals together to share their views and analysis to a global audience. At the moment of publication, Red Pulse (RPX) market parameters are as follows:

Average price 0.038469 USD
Market cap 31,079,875 USD
Volume (24H) 491,592 USD

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.