[Weekly Blockchain] Major Blockchain News in the 4th Week of January
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[Weekly Blockchain] Time has come again. Let’s explore the latest hot issues in the blockchain market together with LEDGIS. Let’s get started today!
For detailed information on each news, please refer to the respective articles.
👉 Ripple: “Lawsuit Expected to Conclude with SEC’s Defeat”
According to CoinDesk Korea, Ripple (XRP) forecasted on the 25th the outlook for the cryptocurrency market, predicting that the lawsuit with the U.S. Securities and Exchange Commission (SEC) will be concluded this year.
Rob Grant, Ripple’s Vice President of Global Policy, has predicted that as blockchain and cryptocurrencies continue to grow, regulatory clarity will expand globally. He stated, “This year, many countries will strive to provide clarity in regulations,” and pointed out, “The recent approval of XRP by the United Arab Emirates for the integration of cryptocurrency services is an example of this effort.”
In this context, Ripple anticipates that the long-standing lawsuit with the SEC will come to a conclusion this year. Stu Alderoty, Ripple’s Chief Legal Officer (CLO), asserted, “As the SEC faces repeated defeats in significant legal battles with other companies this year, it will ultimately be defeated in the U.S. Supreme Court.”
👉 South Korea and the U.S. will strengthen cooperation in cyber security, including the takeover of virtual assets in North Korea
According to Newsis, South Korea and the United States are strengthening their cybersecurity cooperation to address illegal cyber activities, including North Korea’s virtual asset theft.
The Ministry of Foreign Affairs announced on the 19th that the 7th South Korea-U.S. Cyber Policy Consultative Meeting was held at the Ministry of Foreign Affairs building in Jongno-gu, Seoul.
Both sides shared the trends in the cyber security policies of their respective countries to address increasingly sophisticated and diverse cyber threats in the international cyber security environment.
Furthermore, both sides recognized the significant threat to the national security and international peace and security of South Korea and the United States posed by North Korea’s illegal cyber activities, such as virtual asset theft, aimed at procuring funds for nuclear and missile programs. They agreed to strengthen comprehensive cooperation to counter North Korean cyber threats.
👉 Hyundai Card and Jang Beom-jun block the source of ticket scalping with NFT tickets
According to Maeil Business News, Hyundai Card is collaborating with singer Jang Beom-jun and MODERN LION to introduce performances utilizing “NFT (Non-Fungible Token) tickets” as a means to prevent ticket scalping at the source.
On the 24th, Hyundai Card announced that they will be hosting Jang Beom-jun’s concert starting from the 7th of next month. All tickets for the performance will be issued as NFT (Non-Fungible Token) tickets.
Ticket scalping is also prohibited. It goes without saying that the use of programs like ‘macros’ (programs automating repetitive tasks), often employed for the illicit sale of tickets, is strictly forbidden.
In a recently organized concert, Jang Beom-jun took proactive measures to address the issue of ticket scalping, as illicit transactions became rampant. He cancelled all tickets that were sold and adopted a lottery system to resell them, actively tackling the problem of ticket scalping.
Today’s prepared news concludes here.
Thank you for joining us for this week’s edition of [Weekly Blockchain].
See you again next week!
