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Litecoin Founder Remains Optimistic Despite Recent Bithumb Hack
Charlie Lee, the developer behind the world’s sixth-largest cryptocurrency, Litecoin, believes the price of Bitcoin and other cryptocurrencies will recover “fairly soon”. Lee shared his thoughts on the current bear market, what developments in the industry excite him the most, and the recent hack on Bithumb, the South Korean crypto exchange. The hack does not […] дальше »
2018-6-24 21:00 | |
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A 230 Billion Won Government Pump Awaits Korean Blockchain Sector
The Ministry of Science and ICT of South Korea announced its blockchain technology development strategy on June 21. The government aims to provide 230 billion won (~$207 million) for boosting development of distributed ledger technology in the country. дальше »
2018-6-23 14:38 | |
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Bitcoin, Ethereum Slide Back in to Red as Market Reacts to Japanese Regulation, South Korean Tax Confusion
The cryptocurrency market has swung violently back into the red due to a series of regulatory movements from Asia, spooking skittish market participants. Bitcoin and Ethereum plummeted by almost 10% as Japanese regulators crack down on exchange action. дальше »
2018-6-23 02:13 | |
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Bithumb Lowers Theft Estimate – Will Fully Repay Customers Despite Deficient Insurance
South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange promises to fully repay customers using its own fund even though its insurance is unlikely to cover the loss. дальше »
2018-6-23 01:40 | |
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Still Bullish on Bitcoin Despite Bithumb Hack: Brian Kelly and Charlie Lee Weigh In
Both Brian Kelly and Charlie Lee remain bullish on Bitcoin despite the recent hack of Bithumb, which resulted in the theft of over $31 million worth of cryptocurrencies. Brian Kelly: Things are Different for Bitcoin This Time Around Earlier this week, South Korean exchange Bithumb – currently the eight largest cryptocurrency exchange by means of trading volumes – was hacked, resulting in the theft of more than $31 million worth of cryptocurrencies. дальше »
2018-6-22 09:00 | |
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Korean Government Launches Investigation into Crypto Hacks
Following the alleged hacks of South Korean crypto exchanges, the government has formally launched an investigation into the cause of the hacks. The authorities will also perform security checks on all crypto exchanges’ systems. дальше »
2018-6-22 06:20 | |
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Bithumb Loses $30 Million After South Korean Exchange Is Hacked
One of the busiest virtual coin exchanges in the world, Bithumb, was hacked on Tuesday 19th June and coins worth over $30 million were stolen. All activities on the platform have been temporarily suspended, and there is no news of service renewal yet. дальше »
2018-6-22 00:46 | |
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Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks
Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes multiple new obligations on crypto exchanges. дальше »
2018-6-21 06:10 | |
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North Carolina Banking Bill Passes — Adds Virtual Currency License Requirements
The state of North Carolina has pushed the passage of House Bill 86 and some digital currency advocates and firms like Coinbase believe the bill makes the state more friendly towards cryptocurrency businesses. дальше »
2018-6-21 02:40 | |
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Cryptocurrency Price Analysis June 20
Bitcoin’s rolling 30-day annualized volatility has declined to about 61 percent from the highs of over 150 percent in 2017. Earlier this month, the hacking of the South Korean exchange Coinrail allegedly led to a sharp fall in the cryptocurrency prices. дальше »
2018-6-21 23:24 | |
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Bithumb loses $30 million in cryptos to thieves, alerts against entering passwords!
South Korean cryptocurrency exchange, Bithumb lost over $30 million earlier today. The exchange has confirmed about the theft earlier this morning. It is believed to be a case of a cryptocurrency hack. дальше »
2018-6-20 21:28 | |
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Tether Shows Law Firm Its Funds But Stops Short of an Audit
Tether has released a surprise “Transparency Update” that purports to show it has enough funds in the bank to cover the $2. 6 billion of USDT in circulation. The company has stopped short of a full audit, however, leaving critics bemoaning Tether’s inability to settle the solvency debate once and for all. дальше »
2018-6-20 21:10 | |
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South Korean Bithumb Exchange Loses $30M in Latest Cryptocurrency Hack
Hackers have reportedly made away with cryptocurrencies worth $30 million from Bithumb, South Korea's leading exchange, according to reports from a blog update. The exchange states that due to the hack, deposits and withdrawals will be temporarily suspended until further notice. дальше »
2018-6-20 20:25 | |
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Major Korean Crypto Exchange: $31 Million Vanishes
Bithumb, South Korea’s largest crypto exchange announced on its website that between Tuesday evening and Wednesday morning, Korean time, 35 billion won (about 31. 5 million USD) worth of cryptocurrencies vanished. дальше »
2018-6-20 09:20 | |
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Hacked Korean Crypto Exchange Unveils Plan to Restart Service Amid Controversies
South Korean cryptocurrency exchange Coinrail has unveiled its plan to resume service despite surrounding controversies. The exchange reportedly removed a key part of its terms of service right before it was allegedly hacked, arousing suspicions. дальше »
2018-6-20 18:10 | |
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As Korean Crypto Exchanges Step Up AML Compliance, Banks Are Failing
As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance. дальше »
2018-6-18 08:40 | |
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South Korean Government Agency Seeks Direct Supervision Over Crypto Exchanges
The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This will obligate crypto exchanges to follow anti-money laundering directives like banks do. дальше »
2018-6-15 03:50 | |
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Report: Suspicious Transactions at Korean Exchange Coinrail Months Before Hack
Following the announcement by South Korean crypto exchange Coinrail that it has been hacked, a local publication reported that some banks had identified suspicious transactions at the exchange and stopped providing services to company months before the incident. дальше »
2018-6-13 03:40 | |
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Did Bitcoin [BTC] fall due to Coinrail hack?
Eric Lam, a Hong Kong-based crypto-asset reporter, talked about South Korean cryptocurrency exchange Coinrail reporting a ‘cyber intrusion’, on Bloomberg. The exchange did reveal that around 70% of their cryptocurrency holdings were stored in a ‘cold wallet’, a wallet that is not connected to the internet. дальше »
2018-6-13 00:11 | |
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Card-Shaped NFC Wallet launched by Korean Firm “Keypair”
Wallets A new hardware wallet has been launched by the South Korean financial tech firm Keypair. The company’s Keywallet Touch has an interesting design as it’s shaped like a credit card and utilizes NFC technology. дальше »
2018-6-13 20:27 | |
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Dennis Rodman Shills Potcoin During Trump North Korea Summit
If you’ve never, never done acid and wondered what it’s like, this week’s news is pretty spot-on. Markets are panicking as the bitcoin price plummets to “only” seven thousand dollars. The host of The Apprentice, President Donald Trump, opened face-to-face negotiations with the DPRK which may finally end the 68-year Korean War. дальше »
2018-6-14 19:47 | |
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Korean Firm Keypair Launches Credit Card-Shaped NFC Hardware Wallet
A new hardware wallet has been launched by the South Korean financial tech firm Keypair. The company’s Keywallet Touch has an interesting design as it’s shaped like a credit card and utilizes NFC technology. дальше »
2018-6-12 18:40 | |
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Korean Exchange Upbit Paid Six People for Reporting Fraudulent Crypto Schemes
A major South Korean exchange, Upbit, has paid six people for reporting fraudulent crypto-related schemes. Ten cases were reported to the exchange and six of them were selected. Upbit also recently partnered with Thomson Reuters to operate a system to support transparent crypto transactions. дальше »
2018-6-12 03:20 | |
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Canadian Exchanges Reports Transactions Over $10k per Proposed Regulations
Once the proposed regulations are implemented, every transaction above $10,000 CAD will have to be reported. Also Read: Bitcoin in Brief Monday: Korean Exchange Hack Takes a Toll on Crypto Markets Crypto Exchanges to Report as MSBs The Department of Finance Canada has issued a Regulatory Impact Analysis Statement regarding proposed amendments to the country’s AML/ATF дальше »
2018-6-12 02:07 | |
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Canadian Exchanges to Report Transactions Over $10k per Proposed Regulations
Canadian bitcoin investors and cryptocurrency traders are going to be subjected to an increased level of market surveillance soon if the government has its way. Once the proposed regulations are implemented, every transaction above $10,000 CAD will have to be reported. дальше »
2018-6-12 23:20 | |
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South Korean Exchange Coinrail Hacked, $40 Million in Crypto Reported Stolen
South Korean cryptocurrency exchange Coinrail reported a hack on its website during the early morning hours of June 10, 2018. The thieves allegedly made off with over $40 million worth of altcoins and assorted tokens. дальше »
2018-6-12 23:18 | |
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Bitcoin in Brief Monday: Korean Exchange Hack Takes a Toll on Crypto Markets
The news of another hacked South Korean crypto exchange, widely blamed for the drops across the markets, is the main story in today’s edition of Bitcoin in Brief. Other subjects covered include a hospital where you can pay with tokens and a “blockchain” based cultural center established by a gangster. дальше »
2018-6-11 14:20 | |
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Is South Korean Exchange Hack Responsible for Bitcoin Price Plunge?
Bitcoin price plunge over the weekend is generally being linked to another cryptocurrency exchange hack in South Korea. This time it was a smaller exchange called Coinrail that was breached by blackhats who made off with over $40 million in altcoins which may have caused the massive sell-off on Sunday leaving a trail of red. дальше »
2018-6-11 09:12 | |
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Bitcoin Magazine’s Week in Review: Looking to the Past and the Future
South Korea just ruled that bitcoin is a legally recognizable asset, which is good news for investors, but not such good news for convicted criminals that had managed to hold onto their cryptocurrency in the past. дальше »
2018-6-11 18:04 | |
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