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South Korea Crypto Money Explosion In The Industry! Crypto Money Wallet Integration of Korea's WhatsApp (KakaoTalk with 44 million users)

South Korea Crypto Money Explosion In The Industry! Kakao, the largest messaging application in South Korea with more than 44 million active users, uses a crypto wallet that allows users to use crypto coins daily, according to fnnews, the main financial media center in South Korea.

Enabling 44 million active users to use crypto money daily adds value to itself. But what's more, it's not only KakaoTalk, but also KakaoPay, Kakao Taxi, KakaoStory, KakaoStock, and many other platforms that dominate the region where South Korea's largest Internet company is. it provides the potential for the event to reach different levels.

Why does KakaoTalk Integrate Crypto?

According to local publications in South Korea, Cocoa spent an estimated $ 90 million to develop its own block chain network called Klatyn. The big plan behind this network is to put the current platforms of Cocoa into the block chain, which will be KakaoTalk first.

For this reason, integration of a crypto wallet into KakaoTalk is a way of introducing Cocoa users and the general public into Cocoa's own block chain network.

Business executives, according to reports, KakaoTalk to be used as a crypto wallet, users to run various blockchain applications by allowing them to send, receive and store crypto currencies, he said. Initially, the use of Cocoa's crypto wallet will be used preferentially.

According to an industry manager familiar with cocoa's crypto currency integration, Kakao needs a crypto currency wallet to introduce the private block chain to the public and its users:

”Cocoa needs a cryptographic wallet for Klaytn users, and the best way to provide services is to integrate a crypto wallet in KakaoTalk, where over 80 percent of South Korea's population uses it to communicate.“

Crypto Sector Leader in South Korea?

Similar to KakaoTalk, Samsung, a multinational electronics company from South Korea, likewise adopted a crypto wallet. Samsung Galaxy S10'e integrated.

South Korea is a country with more than 55 million people, and when the crypto currencies are integrated into the most popular applications and devices in the country, South Korea appears to be at the forefront of accounting technology.

Speaking about this, South Korea-based BlockchainROK CEO Heslin Kim was:

Tanıtıl Publication and dissemination of one of the most widely accepted practices [KakaoTalk], with over 95% market share, is enormous for the widespread adoption of blockchain / crypto coins. Combine points with market share and total population. We can expect Samsung to be at the forefront of the breakdown of DLT from Korea with the S10 and now the Cocoa wallet. "

As a result, huge technological holding companies, such as South Korea, Samsung and Cocoa, are really a precedent for the crypto-currency industry, as they have begun to integrate blockchain technology that allows the use of crypto currencies.

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SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph