posted about 2 years ago Dunamu, the operator of South Korea’s largest cryptocurrency exchange Upbit, backed by local mobile messaging giant Kakao, announced Monday that it plans to invest 100 billion won ($92.5M) toward blockchain technologies over the next three years. The exchange operator said it would invest in blockchain tech startups and firms pursuing areas that can be integrated with blockchain, including data analytics and management, artificial intelligence and financial technology via mergers and acquisitions as well as equity investment. Tags: bitcoin, blockchain, news
Dunamu, which operates South Korea's biggest cryptocurrency exchange, Upbit, is set to invest KRW100bn ($92.5m) in blockchain start-ups. The investment will be used for the development of a new digital currency called "bitcoin", according to Yonhap news agency.