[Weekly Blockchain] Major Blockchain News in the 2nd Week of November
Hello, everyone!
Winter has begun, and it’s hard to believe that spring, summer, and autumn have already passed, with winter now starting. On one hand, time can be cruelly fast, but on the other hand, I’m looking forward to the winter and the white snow that will fall.
Now, let’s take some time today to look at the issues that have been in the blockchain market over the past week.
You can find more details by clicking on the following news original link.
👉 ‘IBCT’ and ‘e.Form Works’ signed a Business Agreement to Promote Non-face-to-face e-Contracts Based on DID
It’s news that Ledgis Blockchain development company, IBCT Co., Ltd., has signed a business agreement with e.Form Works Co., Ltd.
IBCT, the company, has announced a strategic business partnership with e.Form Works to activate non-face-to-face electronic contract services and decentralized personal storage solutions based on blockchain DID authentication technology through technology integration.
Under this agreement, IBCT, possessing innovative blockchain technologies such as ‘Digital ID & Wallet (IDaaS),’ ‘DIDH (Decentralized Identity Data Hub)-based MyData platform,’ and ‘Cloud-based user authentication system,’ will collaborate with ‘e.Form Works’ to apply the blockchain DID authentication-based decentralized personal storage solution in the development of a personal information security solution for e.Form Works’ video contract service (Live Contract).
Widsign from e.Form Works has attracted investment from Kakao subsidiary and has been providing electronic contract services for the past 10 years.
👉 Is the Bull Market for Coins Imminent?… Bitcoin and Ethereum Surpassing Previous Year’s Peak
According to newsis, both major cryptocurrencies Bitcoin and Ethereum have surpassed the previous year’s peak.
As Ethereum, which had been moving sideways recently, also surged, some say it is a ‘signal of an imminent major market’.
👉 Laws of Korea, the U.S., etc. will be reorganized ahead of automatic information exchange of virtual assets in 2027
According to Newsis, on the 10th, the Ministry of Economy and Finance announced that it has participated in a joint statement with 48 countries and jurisdictions, including France, Germany, Japan, the United Kingdom, and the United States, to promote the spread of the Crypto-Asset Reporting Framework (CARF).
It is expected that Korea will make a meaningful contribution to enhancing the spread of CARF’s implementation by expressing its efforts and commitment to preventing offshore tax evasion related to virtual assets with G7.
👉 South Korea and the United States to Collaborate with Private Sector, Including Cryptocurrency Exchanges, in Response to North Korean Hacking
According to Mediapen, the diplomatic authorities of South Korea and the United States held the ‘5th South Korea-U.S. Working Group Meeting on North Korean Cyber Threats’ in Washington D.C. on the 6th and 7th. They actively explored measures to address the increasingly sophisticated use of virtual assets by North Korea for money laundering.
In particular, it has been reported that during this meeting, discussions focused on expanding collaboration with cryptocurrency exchanges and devising more effective measures to counter recent attempts of information theft in the defense industry sector.
Despite the ongoing cold weather as winter sets in, the blockchain and virtual asset markets continue to remain active.
In summary of this week’s news in the blockchain and virtual asset space, IBCT and e.Form Works have signed an agreement to combine Non-face-to-face e-Contracts and blockchain DID authentication technologies. Bitcoin and Ethereum Surpassing Previous Year’s Peak. Additionally, international efforts to regulate and collaborate on virtual asset regulations persist, and South Korea and the United States are exploring collaboration with private enterprises to address the threat of hacking and money laundering through virtual assets, particularly in the context of North Korea.
Wishing you a pleasant weekend while keeping health and safety in mind!
