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South Korean banks set to serve crypto; Chia drives SSD shortage | The Daily Forkast

South Korea’s Kookmin bank sets up an KODA — an OTC and custody service for institutional investors. Chia is the latest mining craze.

One of South Korea’s largest banks Kookmin Bank has launched Korea Digital Assets (KODA) — an over-the-counter and custody service aimed at institutional crypto investors. Experts say that the bank is likely testing the waters to see how the government reacts.

Chia — a new cryptocurrency founded by BitTorrent founder Bram Cohen — is driving the newest mining craze through the use of unused storage space. Manufacturers are struggling to meet demand.

In the Philippines, the industry applauds Banko Sentral ng Pilipinas — the nation’s central bank — for its positive approach towards crypto.

We’ll have more on that story — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast, May 4.