It’s Time For South Korea To Embrace Bitcoin, Says KRX Chairman

Korea Exchange Chairman Son Byung-doo said the country needs to study embracing bitcoin and cryptocurrencies.

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Bitcoin Price Hits $68,000 In South Korea

Bitcoin’s market price in most if not all major exchanges is around $58k at the time of writing, but in South Korea, the top crypto asset is currently trading at a 15% premium of $68,000, according to data from TradingView.

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Bitcoin Rises to $68,000 in South Korea on $10,000 Premium

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Major South Korean Crypto Exchanges Launch AML Initative

Four leading crypto-exchanges in South Korea including Bithumb, Corbit, Upbit and Coinone have joined forces to fight against cryptocurrency-powered money laundering activities, reported The Korea Herald on January 28, 2019.

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OmiseGO (OMG) Announces ShinhanCard’s Proof-of-concept for Loyalty Program That Uses Ethereum (ETH) Smart Contracts

ShinhanCard and OmiseGO (OMG) have developed the first Proof-of-Concept for the ShinhanCard loyalty program that will enable borderless interoperability. The ShinhanCard is issued by Shinhan Financial Group, one of the largest banking entities in South Korea.

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South Korean Money Tokenized

One bitcoin is currently a bit cheaper in South Korea by $100, with trading volumes there seemingly plummeting from their heyday of billions of dollars a day in just one... The post South Korean Money Tokenized appeared first on Trustnodes.

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Top Officials at Two Korean Cryptocurrency Exchanges Face Fraud Indictments

Several of South Korea’s top crypto exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time. According to a news report on the Korean website Blockinpress, the CEO of Komid, a Korean crypto exchange, has received a three-year prison sentence for committing fraud against investors by artificially inflating the exchange’s actual trading volume.

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Crypto Fever Moving Worldwide: Bitcoin Available at Discounted Price in South Korea

A shift in the BItcoin or crypto trading is happening worldwide. Countries that have been dominating this space has been gradually reducing in numbers while countries like Peru, Venezuela, Brazil, Colombia among others are seeing a surge in Bitcoin transaction volume.

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Korea’s Biggest Conference Is around the Corner

Chain Plus Korea, one of the most influential blockchain summit and conference organized by Chainers and MTN (Money Today Network, the 3rd largest Economic Media Group) is about to open on January 23-24 2019 at the Seoul Dragon City in Seoul, with the prediction of 2,000+ audience to attend from worldwide.

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Korean Bitcoin Now Cheaper Than World Prices

South Korea is known for a voracious crypto appetite, but the “Kimchi Premium” may now be turning into a discount.   Crypto prices on Korean exchanges are now slipping below the worldwide average, indicating that Korean markets might finally be cooling down.

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South Korea Supports Blockchain with Tax Credit

Blockchain, Cryptocurrency–South Korea has continued its progressive stance towards cryptocurrency and the innovation it offers for fintech by providing tax incentives for blockchain development.

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Four Cryptocurrency Hotspots That Saw Tremendous Growth in 2018

In the last few years, the cryptocurrency environment has changed drastically and there is a bunch of new cryptocurrency hotspots popping up across the globe. Gone are the days when certain territories such as Zug, Prague, and other blockchain hub cities dominated the headlines.

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South Korea Submits Six Cryptocurrency-Related Bills To The National Assembly For Market Regulation

South Korea Submits Cryptocurrency-Related Bills To The National Assembly To Regulate The Market According to data provided to news. Bitcoin. com by South Korea’s top financial regulator, the Financial Services Commission (FSC).

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South Korea Ends Year With 6 Bills to Regulate Crypto Industry

South Korea’s top financial regulator has exclusively shared with news. Bitcoin. com information about six cryptocurrency-related bills that have been submitted to the National Assembly. The most recent bill seeks to protect the rights of crypto owners and to ensure the safety and reliability of crypto transactions.

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Where Are They Now?: South Korea Prohibits ICOs, Keeps Crypto-Exchanges and Adopts Blockchain

In the global blockchain regulation race, there are a number of battlegrounds where the technology, or at least facets of it, are debated with intense fervor. South Korea is most certainly one of those nations where blockchain contention runs deep.

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South Korea: Authorities Nab Nine People for Dealing Drugs Using DarkCoin Cryptocurrency

According to a report published by Finance Magnates, on December 25, 2018, South Korean authorities have arrested nine cybercriminals for orchestrating drug deals using cryptocurrencies.   Execute Illegal Transactions with DarkCoin On December 23, 2018, the Seoul Central District Prosecutors’ Office stated that the criminals arrested used the darknet and even set up their website to facilitate the trade of drugs.

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South Korean Business School Launches Crypto MBA Program

A major business school in South Korea is now offering a master’s degree in cryptocurrency. Crypto MBA is a one-and-a-half-year program that covers topics such as Bitcoin, Ethereum, smart contracts, crypto funds, Dapp planning, game theory, and how to write persuasive whitepapers.

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Bitcoin Price Analysis: BTC/USD Slow Down Below $4,000, Up 19 Percent

Latest Bitcoin News The truth is that South Korea is famous for cryptocurrency and the opportunities presented by digital assets are like no other. Not only are they global but they can be an escape for stagnating local economy and hopeless politics.

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Officials at Top Korean Crypto Exchange Upbit Indicted for Fraud

Officials at South Korea’s largest cryptocurrency exchange, Upbit, have been indicted for fraud. They allegedly made bogus crypto orders worth approximately $226 billion and sold 11,550 BTC to around 26,000 investors.

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Korea’s UPbit Crypto Exchange Sees 3 Executives Charged With Fraud For Bogus Bitcoin Transactions

Three Executives Of Upbit Charged With Fraud One of the largest exchanges in South Korea, Upbit, has recently seen three of its senior executives be charged with fraud by prosecutors of the country. The Prosecutors’ Office of Seoul has seen three of the most important members of the company, including Song Chi-Hyung, the founder of […]

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Alberta Police in Canada Issue Latest Public Warning About Bitcoin Scams and Crypto Schemes

Crypto-hackers are the latest example of technology hackers to hit the mainstream. From South Korea to Great Britain, crypto-hackers have even gone so far as to hold government entities hostage to their bitcoin demands.

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Kakao Invests Undisclosed Amount in Blockchain Startup Orbs

South Korea’s internet conglomerate Kakao has invested in blockchain firm Orbs via its venture arm Kakao Investments. The Israeli blockchain startup Orbs became the receiver of an undisclosed amount of funding from the Korean company.

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South Korean Blockchain Platform Klatyn Announces Partnership with Numerous Blockchain Firms

Klatyn, the blockchain platform of South Korea’s Messenger Kakao, announced partnerships with several blockchain-based applications and projects on December 10th, 2018. Bringing Blockchain to the People These projects were selected due to the criteria of also being “large user pool-based service providers.

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7 Major Exchanges in Korea Agree on Joint Measures

Seven major crypto exchanges in South Korea have joined forces to create a sound cryptocurrency ecosystem. They have agreed on joint measures such as information sharing and real-time monitoring of abnormal transactions.

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South Korea’s Second Largest City to Develop Blockchain-Enabled Virtual Power Plant

The South Korean government will be spending four billion Korean won (KRW) ($3. 500. 000) to create and deploy a “virtual power plant” based on blockchain technology reports local media outlet Yonhap News on December 10, 2018.

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Coinone Uses Ripple’s Tech To Become South Korea’s First Blockchain-Based Remittance Service

Coinone Transfer, the payments business subsidiary of cryptocurrency exchange Coinone has introduced the first-ever blockchain-powered remittance service to South Korea. Named Cross, the web service and mobile app will enable remittance payments to the Philippines and Thailand, at a faster pace with lower costs.

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South Korea: Shinhan Bank Turns to Blockchain Technology to Augment Financial Services

South Korea’s second largest bank has started a pilot project to implement a blockchain-based work process across a range of financial services and internal protocol management systems, reported Korea Times on December 10, 2018.

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Korean Court Case Alleges Government’s ICO Ban Is Unconstitutional

A constitutional complaint has reportedly been filed in South Korea alleging that the government’s ban on initial coin offerings is unconstitutional. It has been more than a year since token sales were banned in the country but the government has yet to introduce any regulations for them, causing problems for startups.

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Korean Court Case Alleges ICO Ban Is Unconstitutional

A constitutional complaint has reportedly been filed in South Korea alleging that the government’s ban on initial coin offerings is unconstitutional. It has been more than a year since token sales were banned in the country but the government has yet to introduce any regulations for them, causing problems for startups.

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Report: South Korea to Push for Major Adoption of Cryptocurrencies

South Korea will push for major cryptocurrency adoption, claims a new report, strengthening the spotlight on the tech hub which forms one of the most crypto-friendly countries in the world.  Also read: Korean Incoming Minister Confirms Crypto Taxation Plans South Korea’s Enthusiasm for Tech As one of the most innovative countries in the world, it’s no […] The post Report: South Korea to Push for Major Adoption of Cryptocurrencies appeared first on Bitcoin News.

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Nydia Zhang of the Social Alpha Foundation: Using the Blockchain for Good

As chairman and co-founder of the Social Alpha Foundation (SAF), Nydia Zhang has left a solid mark on the blockchain and cryptocurrency space, though, as a young art student at the University of Washington in 2011, blockchain was far from the direction she saw her life taking.

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Dec 4th Crypto Daily News Recap – Ripple, CoinMarketCap, ConsenSys, ErisX, US Treasury and Korea Tax Plans [VIDEO]

Conflicting Crypto Community Confusion Ensues on How Ripple Created the XRP Token Conflicting Crypto Community Confusion Ensues On How Ripple Created The XRP Token Is Ripple Bigger than Bitcoin? XRP Investors Seem to Think So Citing CoinMarketCap Manipulation Is Ripple Bigger than Bitcoin? XRP Investors Seem to Think So Citing CoinMarketCap Manipulation Blockchain Builder Daniel […]

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South Korea Is Trialing Blockchain Voting — Here’s What That Means

South Korea will test out a new blockchain voting system this month, sources close to the developments have confirmed to Bitcoin Magazine. Developed by the country’s National Election Commission (NEC) and its Ministry of Science and ICT, the distributed ledger system is based on IBM’s Hyperledger Fabric and will be used to authenticate voters and save voting results in real time.

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Korean Incoming Minister Confirms Cryptocurrency Taxation Plans

South Korea’s incoming finance minister, Hong Nam-ki, has reportedly unveiled his government’s taxation plans for cryptocurrency and initial coin offerings. A task force consisting of experts from government agencies and the private sector will be formed to examine overseas cases to establish domestic cryptocurrency tax rules.

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Korean Incoming Minister Confirms Crypto Taxation Plans

South Korea’s incoming finance minister, Hong Nam-ki, has reportedly unveiled his government’s taxation plans for cryptocurrency and initial coin offerings. A task force consisting of experts from government agencies and the private sector will be formed to examine overseas cases to establish domestic cryptocurrency tax rules.

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Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto

For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.

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Korea’s SymVerse Looks to Speed Up Blockchains, Enabling Seamless Transactions

When Bitcoin was first introduced as an alternative to the current banking setup, it was understood that many modifications and updates would be needed to make this idea a workable reality. In the decade since its inception, various issues have been identified and worked on.

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Financial Information Unit (FIU) Report: Banks More Vulnerable To Terrorist Financing Than Bitcoin

It seems that banks are more vulnerable to money laundering and terrorist financing risks than virtual currencies. The information was reported by Business Korea citing a report released by the Financial Information Unit (FIU).

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Hackers From North Korea Targeting Bitcoin, Crypto Investors

North Korea Still In Love With Bitcoin, Crypto Due to the decentralized, borderless, and censorship-resistant nature of Bitcoin and related technologies, North Korea, the world’s most well-known hermit state, has taken a liking to this decade-old innovation.

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Huobi Is Rolling Out Futures Trading on a New Platform

At this year’s CryptoFrontiers Conference in New York City, digital currency exchange Huobi announced that it will begin offering derivatives contract trading. The service will be available via Huobi’s Derivative Market (Huobi DM) to customers of select countries and will allow them to open both short and long positions for a handful of coins.

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Daily Byte: Wednesday, November 28, 2018

South Korea is all in for blockchain voting, SEC chair holds out a warning flag for bitcoin ETFs, and Coinbase adds Ethereum Classic support. Plus, what’s going on with crypto and the US dollar?

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Paraguay to Provide Land for ‘Golden Goose’ Mining Project

Paraguay’s vice president has declared support for the “Golden Goose” project, which will see South Korea’s Blockchain Technology Foundation build five mining centers on state land.

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Philippine Crypto Valley to Attract Companies From Japan, Korea and Australia

The Philippine government-owned Cagayan Economic Zone Authority has unveiled a plan to attract Japanese, Korean and Australian companies to its “Crypto Valley of Asia. ” The authority is also cracking down on crypto companies operating within its economic zone without a license.

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Top Korean Enterprises Accelerate the Blockchain of Korea

Korea, with its 50 million population, is one of the most active markets regarding Blockchain and Cryptocurrency industry as well as investment in the world. Continuing the nationwide investment fever in cryptocurrency, top-ranked Korean enterprises from various industries intend to accelerate the Blockchain market in Korea.

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Crypto News Weekly 23.11.18: North Korea Announces Blockchain Week as SEC and Bitcoin Cash Wars Take Their Toll on the Market

SEC and Bitcoin Cash Wars take their toll on the market, North Korea to host blockchain conference week, New York sim swapper arrested for $ 1 million crypto theft and Tron $1 million giveaway for developers.

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Your Thanksgiving Turkey’s Provenance Might Be on a Blockchain (Seriously)

Honeysuckle White is giving family and friends gathering for Thanksgiving dinner this year the opportunity to talk turkey with a traceable blockchain code on more than 200,000 turkeys sold through 3,500 retailers around the U.

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Italian Securities Regulator Warns Against Three Unlicensed Cryptocurrency Companies

Italy’s financial regulator, the National Commission for Companies and the Stock Exchange (CONSOB), has warned against three cryptocurrency companies engaged in schemes to promote cryptocurrency mining and investments.

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North Korea: Blockchain Technology and Cryptocurrency Conference to Be Held in April 2019

North Korea is set to host an international blockchain and cryptocurrency conference in April 2019, reports Independent UK, November 20, 2018. The conference will also see its attendees revel a seven-day tour of the country.

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North Korea to Hold Crypto Conference in April

North Korea plans to host an international summit of experts from the cryptocurrency industry. The Pyongyang Blockchain and Cryptocurrency Conference will be held in April of next year at a science and technology center in the national capital.

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