NFT Collection The Superlative Secret Society Price, Stats, and Review
Stablecoins’ $158B high in April: Here’s how USDT, USDC played a part
Republic First Bank Fails, Triggers Minor Crypto Market Downturn Amid Banking Sector Concerns
Crypto Analysts’ Picks: Top 5 Crypto Presales to Watch in April 2024 for Significant ROI
New UK Law Empowering Authorities to Seize and Destroy Crypto Assets Takes Effect Today
New Data Reveals Bitcoin Mining May No Longer Be Profitable – Here’s Why
What Does Liquidity Actually Mean?
Stablecoins Gain Ground as Global Financial Asset
Solana sees 1.3 million users leave – Here’s the why and what can stop it?
BONK’s price rally – Explaining its 83% pump over the week
Ethereum Sell Side Liquidity Thinning On CEXes: Time For $4,000?
Expert Makes Bold Call: It’s Time To Swap Your Dollars For Bitcoin
Swiss National Bank Chief Raises Concerns About Adding Bitcoin to Currency Reserves
Crypto Trader Issues Bitcoin Warning, Says Ethereum Liquid Staking Project Flashing Short-Term Bullish Signal
Is Bitcoin ready for a run to $77K? AI says yes!
Bitcoin Runes Hype Dissipates: Why This Makes Life Difficult For Miners
$10,000,000,000 Bank Shut Down by US Regulators in First Bank Failure of 2024
Bitcoin Conference to Bring Star-Studded Lineup of Speakers to Hong Kong on Dawn of Historic ETFs
Crypto Exchange Predicts That Shiba Inu Will Reach $0.00008 In May, New ATH Loading?
dogwifhat: To hold or not to hold this memecoin today?
Brace For Price Impact: Dogecoin Whales Move Massive 456 Million DOGE To Exchanges
Bank of Russia and Rosfinmonitoring Reveal Fiat-to-Crypto Tracking System Pilot
Two US Senators Pen Open Letter to DOJ and DHS Concerning Crypto Use by Child Abusers
Hyundai’s Blockchain Arm to Set Up $10M Fund for Mainnet Launch: Report
Hdac Technology, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group, plans to set up a $10 million blockchain investment fund in 2019.
Hdac Technology, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group, plans to set up a $10 million blockchain investment fund in 2019.
Hdac testnet to launch in November 2019Hdac will spend the funds to launch its mainnet as well as to develop decentralized applications, support new industry startups and create an ecosystem with a “cryptocurrency compensation system,” Korean outlet The Financial News reported on Oct. 6.
Hdac, issuer of Hyundai token (HDAC), is planning to release its mainnet in Q1 2020, the report notes. As previously announced, testnet is scheduled to launch in November 2019.
Cooperation with KakaoJoo Yong-wan, the head of Hdac’s South Korean office, reportedly announced the news at a press conference during the Korea Blockchain Week held between Sept. 29 and Oct. 4. The executive revealed Hdac’s plans to establish joint funds with financial companies “to discover and foster small but promising blockchain companies.”
Additionally, Joo Yong-wan noted that the firm is looking for cooperation with local blockchain businesses such as Ground X, the blockchain arm of South Korean tech giant Kakao that launched the mainnet of its Klaytn platform in June 2019.
Hyundai has been actively embracing blockchain technology so far. In April, the company announced a blockchain application for pairing electric vehicles with smartphones. Earlier this year, Hyundai’s financial services subsidiary Hyundai Commercial has partnered with global tech giant IBM to transform its business model using blockchain.
