ViaBTC started the closing process

According to the official statement of Chinese cryptocurrency exchange, new users registration and depositing is stopped
25 September 2017   1241

On Friday, 22nd of Septembr, the ViaBTC exchange notified its users about the termination of new registrations and the stopping of deposits. Users must withdraw funds before September 30, after which the exchange stops working.

The announcement says that the processing of "hanging" deposits and the termination of registration will start today. Trading will be stopped on September 25, and by September 30, users must complete withdrawal of funds.

In addition, the company notes that due to bank restrictions, processing of withdrawal requests in yuan, made on non-business days, is postponed to the nearest business day. On crypto currencyrequests these restrictions do not apply.

Top ten crypto exchanges
Top ten crypto exchanges

As you can see on the screenshot above, according to the Coinhills, none of the Chinese crypto exchanges is among the top ten in terms of trading volume.

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   93

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.