Civic Group Files Embezzlement Complaint Against Former Kakao Chairman Over KLAY Tokens

Circle CEO to Deliver Keynote Address at Korea Blockchain Week in SeptKorea Blockchain Week (KBW) 2023, an annual blockchain conference co-hosted by FactBlock and Hashed, will be held in South Korea in September. At the highly anticipated event, Jeremy Allaire, Co-founder and CEO of stablecoin issuer Circle, will deliver a keynote address during the conference’s main event, IMPACT, as per reported by local news outlet News1.Photo by Shubham Dhage on UnsplashKeynote addressAllaire will discuss the role of stablecoins, likening them to HTTP for money and emphasizing their ability to facilitate efficient transactions in the digital economy. According to CoinMarketCap, Circle’s stablecoin USDC is currently the world’s sixth-largest cryptocurrency, with a market value of $27.3 billion.The conference will also feature a session on the combination of artificial intelligence (AI) and blockchains, with insights provided by Illia Polosukhin, Co-founder of Near Protocol. Polosukhin is known for his contribution to the groundbreaking 2017 paper “Attention is All You Need,” which revolutionized generative AI.Other notable attendees include Sébastien Borget, Co-founder of The Sandbox; Hilmar Veigar Petursson, CEO of CCP Games; Dan Held, Marketing Advisor at Trust Machines; Ed Felten, Co-founder of Offchain Labs; and Caroline D. Pham, Commissioner of the Commodity Futures Trading Commission (CFTC).110 blockchain leadersKBW 2023 will be held at various venues in the Seoul metropolitan area from September 4 to 10. The flagship event, IMPACT, will take place at the luxury hotel Shilla Seoul on September 5 and 6. This two-day gathering will bring together some 110 distinguished global blockchain leaders.Jeon Seon-ik, CEO of blockchain community builder FactBlock, described IMPACT as a high-end Web3 conference focused on discussing the latest trends in the sector. Jeon expects attendees to benefit from the insightful content provided by project leaders.Kim Seo-joon, CEO of early-stage venture investor Hashed, stated that the conference aims to provide blockchain enthusiasts with a comprehensive overview of the rapidly-evolving blockchain industry. Kim hopes that participants will gain valuable information from global Web3 leaders and discover new business opportunities.

Eureka Entertainment Hosts Opening Event for Coin Musme’s Korean Discord CommunityEureka Entertainment has opened a celebratory event for the opening of an online Korean language Discord community for its upcoming Play-to-Earn (P2E) blockchain game, Coin Musme, which is scheduled for release later this year.Photo by Alexander Shatov on UnsplashBridging crypto and entertainmentCoin Musme revolves around a storyline where characters inspired by cryptocurrencies undergo a process of becoming popular idols at the Coin Musme Academy in order to revive the public’s interest in crypto after a major market collapse. Players can earn non-fungible tokens (NFTs), which are sold through the gacha mechanic. The gacha mechanic allows players to spend in-game currency — in this case, Musme Coin (MSM) — in exchange for a random item. The MSM utility token will be listed on multiple exchanges leading up to the game’s official launch.The game’s official Discord community server called Coin Musme Academy was launched publicly on August 2 in various countries. It is led by Musme-chan, the non-playable official PR character, and operates in a school-themed roleplay style. Participants can find information about Coin Musme on the server, such as interaction events, campaigns, and more.Notably, last Tuesday (local time), a designated channel for Korean and Chinese users was added. To mark the occasion, the game is hosting an event for Korean users, who will get a chance to receive free gacha NFT vouchers that can be used in the game. Users can participate by joining the Coin Musme Korean Discord channel and following the official global Coin Musme X (formerly Twitter) account. 20 winners will be selected through a draw.Users can change their language settings to Korean and join the #general-kr channel, where they can find details about the event. The community is also recruiting Korean ambassadors, who will be responsible for promoting the game through their personal social media accounts as well as those under Musme-chan’s name.Meanwhile, another event is taking place to celebrate the recent listing of MBX, MARBLEX’s governance token, on the Japanese exchange Zaif, and the debut of a new Musme character representing MBX named Marblex-chan. Her character NFT can be found on Zaif’s NFT marketplace.Fostering fun and communityEureka Entertainment emphasized that the goal of everyone making money in the gaming world is essentially unattainable, expressing their intention to instead present a user-centered game focused on providing fun experiences, encouraging user interaction, and enhancing gameplay experiences.

UK-headquartered decentralized mobile network project World Mobile has teamed up with PT Professional Telekomunikasi Indonesia, better known as Protelindo, to launch a blockchain-based 5G mobile network. Founded in 2003, Protelindo is an Indonesian digital infrastructure firm that specializes in fiber optic networks and telecommunications towers. It owns and operates a large network of these towers in Indonesia, leasing them out to various mobile service operators.  The two firms acquired Combined Space Technologies (CST) earlier this year as a joint venture. CST had been originally founded in Cambridge in the UK, backed by Deutsche Telekom to the tune of $70 million. Successful demos of its proprietary technology had been completed in conjunction with British Telecom (BT) and Deutsche Telekom before World Mobile and Protelindo decided to purchase the company.Photo by Alessio Soggetti on UnsplashWorld Mobile StratosphericIn a press release published on Aug. 8, World Mobile outlined that through CST, the two companies have launched World Mobile Stratospheric.  World Mobile asserts that the establishment of this stratospheric connectivity platform is “unprecedented.” The project implicates the use of fixed-wing drone aircraft, which it proposes to use to host 500,000 simultaneous 5G handset connections while flying at altitudes of up to 20,000 meters. World Mobile Group Chief Business Officer (CBO), Charles Barnett, told Cointelegraph that each drone can provide wireless network coverage over an area of 15,000 square kilometers. Each aircraft will host 450 individually steerable beams in order to deliver the service within a defined geographical area. Low latencyBarnett outlined that the technology can achieve just six milliseconds of total latency with the service having the capability of providing 5G service up to 18 times cheaper per gigabyte by comparison with other similar technologies. It’s thought that the service will compete with space/satellite-based telecoms systems such as Elon Musk’s Starlink. While Starlink has brought internet to corners of the globe that were otherwise underserved, it has been criticized in terms of its interference with astronomy, increased space debris and the potential for atmospheric pollution. Additionally, the low-earth orbit (LEO) satellite-based service has much higher overheads. In comparison with World Mobile Stratopheric’s six millisecond latency, Starlink is much higher at 47 milliseconds. The system delivers directly to the consumer’s device, whereas Starlink is delivered to a satellite dish with significant cost implications for the user. Stratomast, the hydrogen-powered drone aircraft, can stay up for between six and nine days and produces zero emissions. While Starlink and World Mobile Stratospheric may compete, Barnett believes that Starlink is the better choice when delivering service to remote areas that lack any cellular connectivity at all, whereas Stratospheric is the best option in areas with a higher density of mobile users. Micky Watkins, CEO of World Mobile, said that the partnership proves how blockchain can unlock new models for global connectivity. He added:“It aligns infrastructure deployment with community participation and makes decentralized telecom not just possible, but scalable.” Watkins believes that by combining advanced aerospace technology with token-driven economics, the project is building a network that connects more people, faster, in an economically efficient and environmentally sound manner.