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dhemasm

First China And now South Korea!

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China and Korea now going to launch it's own blockchain and their native digital coins may be this is not like crypto market but have some quality like crypto let's enjoy them. 

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First in chaina bolak chain market smd now a days it strat in south korea. Crypocurrecy is speard in all world slowly slowly. South korea eorks on the bolakchain project. Korea government fousus on the bolak chain merket and provide the fund to regulate the crypto currency.

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The more countries that adopt Blockchain technology, the better the technology that will be born using the Blockchain foundation.

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6 hours ago, Muniru said:

China and South Korea need to be leaders on cryptocurrency in cooperation residents gain invest deeply into blockchain technology and scores of fintech companies with in their nations state put blockchain progress first.
 

They don't have to be leader but they can be partner to achieve bitcoin aim

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It is good that a lot of countries are focusing on blockchain, but frankly it won't have much effect on the price of btc. However, it will have a very positive effect on the adaptability and acceptability of bitcoin as well as mass adoption.

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What do you expect from this countries, they are thinking 2 step backward and another 1 step forward toward adaption. We are simply dancing to the tune of the old baby boomers leaders to regulate the wealth of the people.


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Indeed, South Korea is currently intensively investing in blockchain technology, no wonder in that country there is a faster adaptation of crypto currencies


 

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not only China, it turns out that South Korea is also serious in developing the blockchain. This is good news and I hope that more and more development and adoption of the blockchain can make the crypto market pumped as well and the bull run can really come this year.

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China is going ahead with crypto.Its population also are very interested to this.Korea also now coming in this sites intentionally, and after china, their position is now on crypto, and others nations are also coming forward on crypto.              

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margin of individuals developed countries are right now considering the weight of bitcoin and blockchain system for their country and might relieve them improve. But for third planet cluntries, I think, they are remote behind progressive than other country
 

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On 1/25/2020 at 12:05 AM, Ibn Usman Edozhigi said:

It makes sense to see all these too countries investing into crypto and blockchain it makes me feel that crypto is one step ahead

Or maybe those countries sees that bigger picture that crypto can not be stopped by prohibitions.

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Well I personally don’t believe a centralized, government controlled cryptocurrency is going to benefit us at all. But imitating this kind of step , They sure have some thing already planned.

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2 minutes ago, MuhammadWaleed said:

Wow, a really interesting article in the crypto world. Well, it is not surprising that Korea undertook it, because now the age of technology, and cryptocurrency is very relevant, everyone wants to develop in it! I think, over time, it will fill all countries. 

It is gonna take a long time, but time is all we need right, and perhaps we wont live to see it.

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13 hours ago, teminalibug said:

Or maybe those countries sees that bigger picture that crypto can not be stopped by prohibitions.

if they truly think that then they should just start accepting crypto and teach the young people about how to use it and what its future will be like.

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3 hours ago, duncun007 said:

if they truly think that then they should just start accepting crypto and teach the young people about how to use it and what its future will be like.

It is too early for them to just accept it head on, they need to set somethings to minimize the impacts of crypto to them.

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8 hours ago, abrar61 said:

Not only China and South Korea, but there are many other countries that are accepting it and I think the 2021 Block Chain is going to be a cathedral.

But all that will be the impacts of what is happening and gonna happen in this year 2020, especially the halving event.

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People in South Korea were always crypto savvy and after China's renewed interest in developing Blockchain technology after its trade problems with US, the decision by these Asian countries to develop and promote such technologies will spur other countries into developing their own which could be a win-win situation for all.

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On 11/2/2019 at 3:18 AM, dhemasm said:

After China announced it would focus on Blockchain technology and encourage banks there to use Blockchain, South Korea also promised additional injections of funds or investment into the Blockchain sector. South Korea will invest $ 12.8 million in the Blockchain project in 2020, the Ministry of Science and ICT has confirmed in this regard. Per Fn News, the Sain and ICT ministries have outlined various expenditure plans that are expected to help provide impetus for Blockchain initiatives in the public and private sectors - and hope to provide training to Blockchain experts for generations to come.

The Ministry of Science and ICT said the Korea Internet and Security Agency (KISA), which has reported to the Ministry of Science and ICT, will provide "more than $ 8.6 million, this fund will later be used to develop services that can be used by public institutions and the private sector. " The Korea Internet and Security Agency (KISA) revealed they were looking to vote for and support a multi-year contract project - a Blockchain initiative that could be financially supported for several years.

In addition, funding of $ 3.4 million will also be provided by the National IT Industry Promotion Agency (NIPA), which is managed by the South Korean government, where the agency currently oversees Blockchain technology training course sessions for free. NIPA will further expand Blockchain knowledge through introductions, development, and coaching courses. Where, this will be present free of charge at Mapo, which is part of the administrative region of Seoul.

NIPA also has the duty to maintain "Blockhain companies and nurture Blockchain experts, of course," and will fund Blockchain training courses. Funds of $ 3.4 million will also be given in the amount of $ 342 thousand to invest in the Blockchain sector through selected Blockchain startups. Agencies related to the development of Blockchain in South Korea will also conduct research on "supporting regulations related to Blockchain". Not only that, a number of prominent companies and activists in South Korea have appealed to the government to change its attitude towards Blockchain policy.

Nevertheless, the city of Seoul has remained in its founding to support matters related to the development and investment in the Blockchain sector in the private sector, public Blockchain projects and cryptocurrency. The Ministry of Science and ICT in South Korea, talks about expanding the scope of the Blockchain, namely through testing the Blockchain project from short-term projects to medium and long-term projects. The ministry is currently working on 12 public Blockchain testing projects in the private sector, of which 12 Blockchain projects (an average of 80 percent are completed).

Read more here: https://coinvestasi.com/berita/tak-mau-kalah-dengan-china-negara-ini-janjikan-investasi-ke-sektor-blockchain/ (Indonesia)

I think China make crypto illegal first time. After that the whole market gone crash. After research about crypto they are launching their own blockchain. And south Korea follow this.


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More country will follow the step of China by adopting blockchain technology and maybey making their own cryptocurrency too. Because China has a great influenced in the Economy of this world. What China does, will give some impact on other things. And now it's South Korea. It's just a matter of time until other follow them as well.

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That's a good news because as we know China and Korea have a good equipment and technology to support Blockchain so I guess this will implemented properly. This is a new way to improve more the privacy.

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I think the majority knew it was only a matter of time before the blockchain technology was adopted by the majority of developed countries, including China and Korea


THINK POSITIVE

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In my opinion South Korea has been a frontrunner in crypto for quit some time. They are early adopters. This is what will happen in the rest of the world so keep your eyes on Asia.


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Another great step towards making cryptocurrency more loveable and popular among the people doesnot trust or knows about it, we need more initiative like this for cryptocurrency .

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On 11/2/2019 at 3:18 AM, dhemasm said:

After China announced it would focus on Blockchain technology and encourage banks there to use Blockchain, South Korea also promised additional injections of funds or investment into the Blockchain sector. South Korea will invest $ 12.8 million in the Blockchain project in 2020, the Ministry of Science and ICT has confirmed in this regard. Per Fn News, the Sain and ICT ministries have outlined various expenditure plans that are expected to help provide impetus for Blockchain initiatives in the public and private sectors - and hope to provide training to Blockchain experts for generations to come.

The Ministry of Science and ICT said the Korea Internet and Security Agency (KISA), which has reported to the Ministry of Science and ICT, will provide "more than $ 8.6 million, this fund will later be used to develop services that can be used by public institutions and the private sector. " The Korea Internet and Security Agency (KISA) revealed they were looking to vote for and support a multi-year contract project - a Blockchain initiative that could be financially supported for several years.

In addition, funding of $ 3.4 million will also be provided by the National IT Industry Promotion Agency (NIPA), which is managed by the South Korean government, where the agency currently oversees Blockchain technology training course sessions for free. NIPA will further expand Blockchain knowledge through introductions, development, and coaching courses. Where, this will be present free of charge at Mapo, which is part of the administrative region of Seoul.

NIPA also has the duty to maintain "Blockhain companies and nurture Blockchain experts, of course," and will fund Blockchain training courses. Funds of $ 3.4 million will also be given in the amount of $ 342 thousand to invest in the Blockchain sector through selected Blockchain startups. Agencies related to the development of Blockchain in South Korea will also conduct research on "supporting regulations related to Blockchain". Not only that, a number of prominent companies and activists in South Korea have appealed to the government to change its attitude towards Blockchain policy.

Nevertheless, the city of Seoul has remained in its founding to support matters related to the development and investment in the Blockchain sector in the private sector, public Blockchain projects and cryptocurrency. The Ministry of Science and ICT in South Korea, talks about expanding the scope of the Blockchain, namely through testing the Blockchain project from short-term projects to medium and long-term projects. The ministry is currently working on 12 public Blockchain testing projects in the private sector, of which 12 Blockchain projects (an average of 80 percent are completed).

Read more here: https://coinvestasi.com/berita/tak-mau-kalah-dengan-china-negara-ini-janjikan-investasi-ke-sektor-blockchain/ (Indonesia)

We know about the history of China crypto. I think in 2014 China made crypto as illegal. After that they research it properly. Now they want to launch their own coin through blokchain technology. Also South Korea want to do that.


 

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As of now there's are no more progress on this development since both country are busy fighting COVID-19 virus in their countries. Lets just hope this will be over soon so everything will be back to normal once again

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Suzuki's colleague, Cabinet Secretary Yoshimasa Hayashi, delivered almost the same speech word for word. However, he added that the authorities "will take appropriate measures regarding excessive currency movements", hinting at another currency intervention.   This hint from Yoshimasa Hayashi scared 60% of experts who voted for the pair's southward movement and yen strengthening, 20% pointed north, and 20% took a neutral position. The opinion of the indicators is unambiguous, as they have never heard of interventions. Therefore, all 100% of trend indicators and oscillators on D1 are green, although a quarter of the latter are in the overbought zone. The nearest support level is around 160.25, followed by 159.20, 158.65, 157.60-157.80, 156.60, 155.45-155.70, 154.50-154.70, 153.60, 153.00, 151.90-152.15, 150.80-151.00. The nearest resistance is in the 160.85 zone, followed by 161.30 and 162.50.   In the upcoming week, the calendar highlights Monday, 01 July. On this day, the Tankan Large Manufacturers Index will be published. No other important macro statistics regarding the state of the Japanese economy are planned for the coming days.   CRYPTOCURRENCIES: Causes and Consequences of "Black Monday" on 24 June     Monday, 24 June, presented investors with a very unpleasant surprise – on this day, bitcoin's price fell below $60,000 for the first time since 03 May, reaching $58,468 at one point. Ethereum, in turn, fell below $3,250. Analysts highlight several reasons for the active sell-offs, noting that they reflect overall instability in global financial markets and uncertainty about monetary and regulatory policies in several leading countries, especially China and the US. However, there are also more specific factors that contributed to the development of the bearish trend.   In mid-June, the German government began selling off a huge amount of bitcoins (about 50,000 BTC) confiscated in January. Panic sentiment sharply intensified after the announcement on 24 June that creditor payments for the bankrupt crypto exchange Mt.Gox would begin in early July. The total amount of funds to be distributed among former clients is 162,100 BTC, roughly $10 billion. Bitcoin responded to this news with an 8% drop. It’s no surprise – such a volume of coins flooding the free market can seriously knock down prices. In the derivatives market, long positions worth $177 million were forcibly liquidated, and the total financing rate for futures contracts turned negative for the first time in June, indicating that sales exceeded purchases.   It is precisely on the expectations of Mt.Gox debt payments that the flagship crypto asset's quotes reached the lowest level in the past eight weeks last Monday. In this situation, two things are encouraging. Firstly, the deadline for repayment falls on 31 October, and it's possible that payments will be made in parts over four months rather than all at once. And secondly, there is hope that not all creditors will rush to convert their bitcoins into fiat, but will hold onto them, hoping for price growth.   In addition to the above, BTC miners exerted some downward pressure on the market. It became known that their coin reserves reached a 14-year low, as they had to sell a significant amount of BTC due to the April halving to cover operational expenses. Recall that the cost of mining bitcoin, according to JPMorgan analysts, is $53,000. Historically, this cost level is a strong support for BTC/USD. However, even in March, JPMorgan did not rule out that after the halving, bitcoin could temporarily fall to $42,000.   In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, major market participants slow down their activity, and start to take profits. This also pressures the prices. CEO of investment company CryptoQuant Ki Young Ju calculated that over the past two weeks, bitcoin whales and miners set a record by selling coins worth $1.2 billion.   According to 10x Research, all last week, US spot BTC ETFs recorded investor outflows, and on 21 June, net outflow exceeded $105 million. 10x Research believes that bitcoin will now need to find a new price range to stabilize the decline and then find growth catalysts. In the medium term, according to 10x Research analysts, it is not worth expecting BTC to return above $70,000.   Popular analyst Matthew Hyland noted that the combined bitcoin balance on centralized exchanges reached a multi-year low. In theory, this could be seen as a bullish signal, but the crypto market leader is not yet eager to show an upward trend. Naturally, the publication of key US economic data could serve as a vector for further cryptocurrency movements. If the Fed takes its first step in easing its monetary policy in September, it could support risky assets, including bitcoin. According to Cryptology experts, the chances of bitcoin reaching a new all-time high by the end of September are quite high, and what is happening now is a phase of accumulation.   Despite the current decline, many investors remain optimistic, citing the cyclical nature of the crypto market. They also do not forget about the US elections. For example, former Goldman Sachs CEO Raoul Pal predicted significant bitcoin and cryptocurrency market growth in Q4 2024. In an episode of The Wolf Of All Streets podcast, the financier noted that risky assets like bitcoin usually rally against the backdrop of US presidential elections. "The final quarter of an election year is a real 'banana zone' for all assets. It always is," Pal optimistically stated, noting that the "banana zone" for cryptocurrencies in autumn is much more pronounced than, for example, for the Nasdaq index.   Bitcoin was also supported by billionaire Michael Saylor. His company, MicroStrategy, is one of the largest bitcoin holders in the world, with 205,000 BTC on its balance sheet. Despite the negative trend, it increased its reserves by another 11,931 BTC (over $700 million) in the past month alone. Saylor is convinced of the first cryptocurrency's ability to grow to $10 million with support from China and other factors. He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into the state infrastructure. The entrepreneur declared all pre-bitcoin economic instruments obsolete. "Before Satoshi Nakamoto, economics was a pseudoscience. All economists before Satoshi tried to develop economic laws with shells, glass beads, pieces of paper, and credit instruments," the businessman wrote, calling bitcoin a "perfect asset."   In previous reviews, we already wrote that the launch of exchange-traded spot ETFs on Ethereum could give a certain boost to the digital asset market. On 25 June, SEC (US Securities and Exchange Commission) Chairman Gary Gensler noted that the registration process for new ETFs is "going smoothly," and the approval date depends on how quickly applicants submit adjusted S-1 forms. Bloomberg analysts call 02 July the expected approval date for new products. Reuters, citing anonymous sources, reports that a consensus has been reached between fund managers and the SEC in negotiations, and only the "final touches" remain.   Co-founder of venture company Mechanism Capital Andrew Kang stated that after the approval of ETH-ETF, Ethereum's rate could correct by 30%, falling to $2,400. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETF will attract only 15% of funds compared to what BTC-ETF received at the start.   Kang noted that to increase Ethereum's attractiveness among investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, it will be difficult to sell new ideas for Ethereum's application to funds, as the asset is perceived by investors as an overvalued stock of a large technology company.   Significantly more positively views the future of Ethereum Matt Hougan, CIO of Bitwise, a company managing cryptocurrency funds. In his opinion, the appearance of a long-awaited exchange product is undoubtedly a positive factor, and the net inflow of investments into ETH-ETF over the first 18 months will amount to $15 billion. In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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