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ICONLOOP to Be Officially Used by Seoul Authorities for Their DLT Governance Team

  • Yuri Molchan
    📰 News

    The ICON team reports that their platform now will be officially used by the DLT team of the Seoul metropolitan government, meant to trial blockchain public services


ICONLOOP to Be Officially Used by Seoul Authorities for Their DLT Governance Team
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Contents

The DLT governance team working under the Metropolitan Government of Seoul has received mobile appointment letters from the authorities issued by the ICON platform. From now on, ICON will be used for recording documentation in the open ledger, fighting against document falsification, etc.

Government agencies along with supporting ones are going to be the first to use ICON both in their private and public DLT systems.

ICON-issued letters of appointment

Any member of the Blockchain Governance Team of the Seoul government can issue and view these letters on their mobile phone. In order to create such a letter and input their name and ID number, a member of this team has to accept terms and conditions. The records of issuing such letters will be kept on the public ICON ledger, so falsifying them or issuing a fake one will be impossible.


ICON tracker will help to ensure these letters are fully authentic.

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Seoul Blockchain Governance team

In autumn 2018, the Metropolitan Government of Seoul set up its local Blockchain Governance Team, which is meant to supply administration services via blockchain for the city within several public industries.

The team is made up of around one hundred citizens, including university students, business representatives, software developers, etc. The team intends to perform a trial operation by providing administrative services via blockchain and collect feedback as well as provide recommendations for further operations during the period between January 2019 and December 2020.

The aforementioned services will include integration of mileage points, services for holders of citizenship cards, authenticating documents online, helping part-time workers protect their rights, etc.

The Seoul government chose ICONLOOP as the blockchain platform for this purpose.

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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

'Bitcoin symbol and graph.Vector illustration.' image by 123rf https://ru.123rf.com/photo_69329295_bitcoin-symbol-and-graph-vector-illustration-.html?term=bitcoin&vti=njv6v7w01tymanucm1-1-82
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