South Korean Blockchain Project ICONLOOP Acquires $5 Million in Additional Investments, After Receiving Capital from $100 Million K-Growth Fintech Innovation Fund

July 6, 2020 @ 10:32 pm By Omar Faridi |

South Korea’s ICONLOOP, a company that developed its own blockchain-powered engine, loopchain, which is used for various Internet services, has reportedly acquired KRW 6 billion (appr. $5 million) in additional investments. The company has secured a total of KRW 16 billion (appr. $13.4 million) in… Read More

Bithumb Announces Integration With Blockchain-Based Digital ID Organization MyID Alliance

April 15, 2020 @ 11:23 am By Samantha Hurst |

South Korean cryptocurrency exchange Bithumb announced on Tuesday it has integrated with blockchain-based digital identification organization, MyID Alliance. Bithumb claims it is the first Korean virtual asset exchange to implement the distributed identification (DID) service performed by the organization. Bithumb Korea will notably participate as… Read More

Cryptocurrency Exchange Coinbase Tests Clearview AI’s Controversial Facial Recognition Software

February 29, 2020 @ 5:56 pm By Omar Faridi |

Over two thousand firms have reportedly either tested or used facial recognition software solutions created by Clearview AI. The list of firms notably includes San Francisco-based crypto exchange Coinbase. BuzzFeed went through Clearview’s internal company documents and released its findings on February 28. The report… Read More