South Korea is on a move to establish a Digital Assets Committee in early June 2022. The move is due to the country’s perceived need...

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<!-- --> Bitcoin mining has had an interesting journey over the past twelve years, going from home computer CPU mining from...

<!-- --> Bitcoin mining has had an interesting journey over the past twelve years, going from home computer CPU mining from...

South Korea’s new administration under President Yoon Suk-yeol announced it plans to establish a new regulatory framework for crypto institutionalization to go into effect...

Coinone, a crypto exchange based in South Korea, has already halted trade of Luna on its platform amid its recent price drop. Meanwhile, Korbit and Bithumb have cautioned...

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On March 24, 2022, the tech powerhouse giant, LG Electronics shared an announcement at the Annual General Meeting.  LG Enters The Crypto Space As part of its expansion plan, the South Korean conglomerate intends to incorporate three areas in its business sectors. These include cryptocurrency (digital assets), blockchain, and medical devices.  During the corporation’s meeting, key shareholders approved of the new business goals. These goals entail the sale of cryptocurrencies and the development of blockchain-based software.  Inspired by Samsung Following the electronics multinational corporation Samsung’s venture into the NFT space, LG Electronics also expressed its piquing interest in the virtual world.  Last month, LG Electronics partnered with GroundX, a blockchain platform. The move was initiated with the objective of offering users an immersive NFT experience on their smart televisions.  With the latest announcement, LG can install NFT platforms that enable the trade of NFT artworks (collectibles) on LG’s smart television. Additionally, the company introduces another application as well. Drops Gallery, a digital art application allows people with smart TVs to enjoy rare digital artworks and cloud game services.  Ever-Evolving South Korean Crypto Market Leading multinational tech giants of South Korea including LG, Samsung, and the SK Group are reportedly expanding enormously in the crypto and blockchain markets. Samsung and LG have built their presence in digitized markets with the introduction of crypto, NFT, and blockchain features on their products.  The South Korean President Yoon Suk-yeol guarantees deregulation of crypto, reduction of tax, and a push towards the NFT sector. Thereby, under the rule of the crypto-friendly South Korean President, it is guaranteed that crypto adoption will surely flourish in the East Asian country.

The post LG Electronics Incorporates Digital Assets and Blockchain in Business appeared first on Cryptoknowmics-Crypto News and Media Platform.

As part of its expansion plan beyond home appliances, South Korean tech giant LG Electronics intends to add blockchain, cryptocurrency, and medical devices as new sectors in its corporate charter. (Read More)

South Korea is known for its technological advances in various fields. With the introduction of cryptocurrencies, the country has begun to actively explore the potential of this industry.

Krafton, developer of the popular videogame PUBG, said it had signed a deal with Solana Labs to jointly develop blockchain and NFT-based games and services. The developer said it intended to leverage its game building capabilities in the web3 space. The move marks growing the growing popularity of blockchain and play-to-earn (P2E) games, which has

The post Breaking: PUBG Developer Krafton Partners With Solana (SOL) appeared first on CoinGape.

The United Kingdom government has announced plans to establish new legislation to manage the advent of digital identities for use in modern society in a secure manner (1). While announcing the news last week, following a consultation period (2), the DCMS department for culture, media, and sports stated that digital identities might soon replace physical […]