Ethereum Soars To Record High After South Korea Regulator Confirms “No Plan” To Regulate Cryptos

In September, South Korea surpassed China in total crypto trading volumes, and as the world’s second largest Ethereum exchange market, South Korea is evolving into an Ethereum powerhouse with a rapidly growing number of active developments, domestic projects and communities.

As CoinTelegraph reported previously, the majority of traders in the South Korean Ethereum market are speculative investors and tend to be largely influenced by any movement in the industry that could lead to a decline in Ethereum price. However, a fairly large portion of investors are avid supporters of Ethereum as a technology and an infrastructure for decentralized applications.

UnionBank of the Philippines joins Enterprise Ethereum Alliance

UnionBank was the first local bank in the Philippines so far who announced their official membership for Enterprise Ethereum Alliance. According to Mr. Arvie de Vera in his Facebook post, a successful meeting was conducted yesterday with Ethereum co-founder Joe Lubin and his team discussing the EEA membership of UBP.

Ethereum will match Visa in scale in a ‘couple of years’ says founder

The mind behind Ethereum, Vitalik Buterin, is matter-of-fact about the crypto. In short, he believes what interviewer Naval Ravikant called “brain virus” is the true future of security and economics and, with the right incentives, Ethereum can replace things like credit card networks and even gaming servers.

Ethereum’s Founder Struck a Deal with a Russian Bank to Create ‘Ethereum Russia’

A new entity, Ethereum Russia, will help Russia’s state-owned Bank for Development and Foreign Economic Affairs implement blockchain technology, and establish a training center in Moscow.