South Korean Tech Giant Kakao Acquires Majority Stake In A Japanese Crypto Exchange –
A subsidiary of South Korean internet and technology giant Kakao has acquired a majority share in a Japanese cryptocurrency exchange, paving the way for the company to integrate its web-based cartoon content with its crypto services. Kakao Piccoma, a subsidiary of Kakao in Japan, has bought more than 50% of the Japanese cryptocurrency exchange Sakura Exchange Bitcoin (SEBC). Kakao and SEBC made no mention of the actual extent of the shareholding or the deal’s worth. SEBC was founded in May 2017 and...