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Employee Embezzlement Forces South Korea’s Coinbin Crypto Exchange to Call it Quits
Coinbin, a leading South Korean digital assets exchange and cryptocurrency trading venue, has filed for bankruptcy with the Korean authorities, claiming that an employee has stolen a whopping 29. 3 billion won (about $26 million) from its coffers, according to a local news source, Business Korea on February 22, 2019. дальше »
2019-2-26 22:00 | |
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Here’s Why Colombia Is The Latest South American Country To Hit The Peak In Bitcoin Volume
Here’s Why Colombia Is The Latest South American Country To Hit The Peak In Bitcoin Volume Recently, we reported that after Venezuela, the trading volume in Indonesia has reached an all-time high (ATH) on the peer-to-peer platform, LocalBitcoins in response to the legal recognition of Bitcoin and digital assets as commodities. Bitcoin trading volume in […] дальше »
2019-2-20 19:52 | |
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Former Citi Exec: Crypto Market Cap Still Smaller than Samsung, What’s Preventing Institutions’ Entry?
Hwang Hyeon-cheol, a former Citi and Allianz executive who worked on Wall Street for over two decades, has said that the valuation of the crypto market is still smaller than Samsung, the largest conglomerate in South Korea. дальше »
2019-2-19 01:41 | |
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South Korean CBDC Researchers: Economy Could Suffer With Issuing Central Bank Digital Currency
Economy Could Suffer From Issuing Central Bank Digital Currency, Says South Korean Researchers Central bank digital currencies (CBDCs) are often created by banks in an effort to offer a comparable solution that is equivalent to fiat currency, though it doesn’t usually require replacing the country’s banknotes and coins. Built entirely on the blockchain, there are […] дальше »
2019-2-7 21:34 | |
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New Korean Report Slams Central Bank Issued Digital Currencies
A report from Bank of Korea (BOK) published this Thursday suggested that the use of central bank issued digital currencies could cause problems in the South Korean financial system. The report claims that the launch of such a currency could push interest rates up and cause a liquidity shortage. дальше »
2019-2-7 18:59 | |
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South Korea’s Central Bank Says CBDCs Will Disrupt Financial Stability
South Korea’s central bank has warned that adopting a state-backed cryptocurrency as an official form of legal tender would threaten the country’s financial stability. In a report, the Bank of Korea (BoK) said such a currency, also known as a central bank digital currency (CBDC), could result in a spike in interest rates and a […] The post South Korea’s Central Bank Says CBDCs Will Disrupt Financial Stability appeared first on Bitcoin News. дальше »
2019-2-7 16:40 | |
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South Korea Central Bank Says CBDCs Will Disrupt Financial Integrity
South Korea’s central bank has warned that adopting a state-backed cryptocurrency as an official form of legal tender would threaten the country’s financial integrity. In a report, the Bank of Korea (BoK) said such a currency, also known as a central bank digital currency (CBDC), could result in a spike in interest rates and a […] The post South Korea Central Bank Says CBDCs Will Disrupt Financial Integrity appeared first on Bitcoin News. дальше »
2019-2-7 16:40 | |
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Report: Crypto Exchanges in South Korea Scrambling to Survive as Bear Market Hits Hard
According to a local publication Blockinpress, crypto exchanges in South Korea are struggling to adjust to changing market conditions and the 14-month-long correction. Since January 2018, the global crypto exchange market has seen a rapid decline in volume. дальше »
2019-2-5 16:50 | |
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South Korean Central Bank Of Korea (BOK) Will Not Issue A CBDC Digital Currency Soon
South Korea’s Central Bank Will Not Issue A Digital Currency Soon The Bank of Korea, which acts as the central bank of the Asian country, has recently affirmed that it would not issue a central bank digital currency (CBDC), a popular idea that many banks are considering at the moment. According to the bank, which […] дальше »
2019-1-29 21:20 | |
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S. Korea's Central Bank Says It Won’t Issue a Digital Currency in Near Future
South Korea's central bank says there’s no urgent need to issue a central bank digital currency in the near term, but plans to conduct more research
дальше »2019-1-30 15:06 | |
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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. дальше »
2019-1-29 12:00 | |
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New Sporbiz Report Shows Huobi Earns $483 Million in Trading Commissions Topping Binance and OKEx
Even though Huobi is the third-largest crypto exchange by trading volume, it has overtaken Binance and OKEx in trading commission. The exchange has roped in $483 million from the trading commission in 2018 alone. дальше »
2019-1-25 19:50 | |
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Zilliqa and MaiCoin to power new private market and STO exchange for South East Asia
CryptoNinjas Zilliqa, the high-throughput public blockchain platform, has partnered with MaiCoin, a Taiwan-based one-stop digital asset exchange platform with trading and payment services to power Hg Exchange. дальше »
2019-1-24 05:10 | |
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South African Reserve Bank: Crypto Asset Friendly, but Bitcoin Is Not Money
South Africa’s reserve bank released a consultation paper that includes favorable recommendations and guidelines for the crypto asset industry in the country. However, the agency is not looking to treat Bitcoin and other digital currencies as ‘currency. дальше »
2019-1-23 01:28 | |
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Two South Korean Executives of Komid Exchange Were Sentenced to Jail for Faking Trade Volumes
In a major blow for the global crypto sector, two executives working for an established cryptocurrency exchange called ‘Komid’ have reportedly been sentenced to jail for “purposely inflating trade volumes” through the use of digital bots and fake financial accounts. дальше »
2019-1-20 19:56 | |
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New BitGo Partnership Lets Clients Trade Crypto Directly From Cold Storage
American crypto wallet and custodial firm BitGo has teamed up with Genesis Global Trading, a digital asset trading firm, to improve the crypto trading experience for its institutional investors. дальше »
2019-1-17 01:02 | |
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Blockchain Trends To Watch For In South Korea In 2019
As Changpeng Zhao of Binance said: 2018 was the year of “correction”. It has also, in some ways, been the year for experimentation and discovering creative ways to grow the industry, as well as a year to invigorate and innovate the trading of digital assets – as was shown with the emergence of the security […] The post Blockchain Trends To Watch For In South Korea In 2019 appeared first on Crypto Briefing. дальше »
2019-1-11 19:33 | |
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South Africa Prepares to Tackle Cryptocurrency Challenges with Working Group
The South African government established a group of specialists to investigate digital currency and blockchain technology to devise a regulatory framework for the emerging industry Finding the Appropriate Regulatory Framework Following many of the governments around the world, South Africa has recently gathered a working group to research digital currencies and crypto assets to establish suitable guidelines reported Business Live,. дальше »
2019-1-5 02:00 | |
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South African Officials Create Regulatory Working Group Dedicated to Cryptocurrencies
The Minister of Finance of South Africa, Tito Mboweni, explained in a letter on Jan. 2 that the region’s government has created a regulatory working group dedicated to cryptocurrencies. According to Mboweni, the working group includes representatives from multiple South African agencies and aims to produce a comprehensive regulatory response to the growing digital asset […] The post South African Officials Create Regulatory Working Group Dedicated to Cryptocurrencies appeared first on Bitcoin News. дальше »
2019-1-3 23:10 | |
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Bithumb Wins Hack Case Court Battle; Judge Rules Crypto Exchanges are “Not Financial Institutions”
South Korea-based cryptocurrency exchange Bithumb has been acquitted of a lawsuit filed by an investor named Ahn Park. Park accused the trading platform of lax security measures which allowed hackers to steal his crypto holdings worth $355,000, reports Finance Magnets, December 26, 2018. дальше »
2018-12-30 07:00 | |
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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. дальше »
2018-12-22 14:42 | |
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The Daily: Yellow Vest Coin Created, Security Token Trading Platform Launched
In The Daily on Monday, a new digital coin project targeting the ‘Yellow Vest’ protesters is promising censorship-free crypto transactions. Also, a regulated security token trading platform is now live in the U. дальше »
2018-12-17 15:55 | |
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Bitcoin Cash Price Heads South of $90 Once Again
Nothing ever comes easy in the world of cryptocurrency and digital assets. As all markets remain subdued for yet another day, it seems there will not be any real improvements moving forward. For Bitcoin Cash, things have looked bleak all year, and the pressure hasn’t relented just yet. дальше »
2018-12-14 11:11 | |
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Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight
Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant:Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant BreakoutThis is a massive bear pennant with a staggering $2,000 measured move. дальше »
2018-12-12 01:52 | |
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‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO)
The People’s Bank of China (PBoC), the country’s central bank, has officially banned security token offerings (STO) in a continuation of its restrictive legislation governing digital currencies. дальше »
2018-12-10 15:00 | |
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Constitutional Appeal Expected to Be Filed by Presto Blockchain Startup Against South Korea’s ICO Ban
Every country is handling the regulation of cryptocurrencies in a different way. Some of them have been incredibly welcoming, providing regulation that clearly describes the proper usage and issuance of digital assets, while others have decided to completely ban cryptocurrencies. дальше »
2018-12-10 03:52 | |
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South Africa: Crypto Exchange Platform VALR Launched in Partnership with Bittrex
Farzam Ehsani, former blockchain lead at Rand Merchant Bank (RMB), has launched his new business initiative named VALR, reports Tech Central, on December 6, 2018. Based in South Africa, VALR is a digital asset trading platform which has been launched in partnership with crypto exchange trading platform Bittrex. дальше »
2018-12-8 14:00 | |
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BitGo Hires Trust Company Veteran as CEO of Its Custody Arm
BitGo has a new CEO for its custody business. The cryptocurrency solution provider has recruited Richard Corcoran as its new chief executive officer. Having retired some years back after over 30 years in the traditional banking and finance industry, Corcoran has come out of retirement to lead the BitGo Trust Company, BitGo's crypto custody arm. дальше »
2018-12-8 21:38 | |
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VALR launches crypto trading platform in South Africa in partnership with Bittrex
VALR, a digital asset platform based in Johannesburg, South Africa, announced on December 6 that it is launching a new digital asset trading platform in South Africa in partnership with Bittrex. Registrations to be part of a limited-access launch have opened today at www. дальше »
2018-12-6 20:03 | |
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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. дальше »
2018-12-4 21:41 | |
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What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto
Is cryptocurrency becoming more mainstream? It could be if one of America’s most prominent game shows features an entire category devoted to it. The November 29, 2018, episode of “Jeopardy!” — which has been on the air since 1964 — offered five unique questions centered around cryptocurrencies and their technology to test out its contestants’ knowledge on the subject: The results reveal that they did indeed know their fair share. дальше »
2018-12-1 22:18 | |
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Law Firm: South Africa’s Draft Tax Law Could Affect Cryptocurrency Use
A South African law firm has published a short essay on proposed tax legislation for cryptocurrency in the country. Cox Yeats Attorneys, a Durban-based firm, argues that the Taxation Laws Amendment Bill, published by the National Treasury in July, will be bad for the digital asset industry, according to local media reports. дальше »
2018-11-26 18:15 | |
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Are We There Yet? When Will Crypto Markets and Bitcoin Hit The Bottom
When things go south in crypto land it happens fast, a digital avalanche sweeping away everything that stands in its path and blasting most of digital coins into oblivion. This weekend’s exodus has been a third wave of selling which has resulted in the loss of over $90 billion from crypto markets this month alone. дальше »
2018-11-25 15:00 | |
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The Daily: Cloud Outage Affects Exchanges, Okex Launches ICO Information Platform
In the Saturday edition of The Daily, we look at a technical issue with Amazon’s cloud services network that has forced two major South Korean crypto exchanges to temporarily go offline. In other news, Malta-based digital asset exchange Okex has launched a platform offering information on initial coin offerings and Estonia has issued licenses to […] The post The Daily: Cloud Outage Affects Exchanges, Okex Launches ICO Information Platform appeared first on Bitcoin News. дальше »
2018-11-24 17:40 | |
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Amazon Web Services Outrage Causes Korean Exchanges to go Dark
Amazon Web Services (AWS) suffered an outage that affected two major cryptocurrency exchanges and dozens of other businesses. These server Failures ended up leaving Coinone and Upbit with its services offline, reported The Next Web on November 22, 2018. дальше »
2018-11-24 22:00 | |
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Report: Cryptocurrency Related Lawsuits Skyrocketed in 2018; Up by 300 Percent
In contrast with the bear market we have watched throughout the year it seems that cryptocurrency-related lawsuits have skyrocketed as far up to 300 percent, reports Dior, November 19, 2018. Crypto Lawsuits Go North While bitcoin continues to go south, the business for digital currency focused lawyers looks to have a bright future ahead. дальше »
2018-11-23 16:00 | |
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Amazon Web Services outage forces major cryptocurrency exchanges offline
Two major South Korean cryptocurrency exchanges have been forced offline, after critical Amazon Web Services (AWS) servers suffered nationwide failure Thursday morning. AWS, one of the world’s widely used cloud services, was hit with major internal server failures that brought popular digital asset exchanges, Upbit and Coinone, to a screeching halt. дальше »
2018-11-22 14:31 | |
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Huobi Plays Party Line in China, Creates Communist Committee
What do Bitcoin and communism have in common? Huobi. The world’s third largest digital assets exchange has set up a Communist Party committee via its $2. 9 million-subsidiary, Beijing Lianhuo Information Service, reported the South China Morning Post. дальше »
2018-11-21 20:00 | |
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Huobi Group Sets Up Communist Party Committee in Beijing
As part of its desire to forge deeper ties with the Chinese government, Huobi Group, the parent company of digital asset platform Huobi, has formed a Communist Party committee in China, according to an announcement by the company. дальше »
2018-11-20 00:18 | |
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Cryptocurrency Exchange Zeniex Terminates Service after Government Crackdown
South Korean cryptocurrency exchange Zeniex will terminate its services due to increasing government pressure on unauthorized digital currency exchanges. According to Zeniex’s website post, published on November 9, 2018, the cryptocurrency exchange noted that operating amidst a government crackdown on the industry will be a challenging feat. дальше »
2018-11-13 10:00 | |
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Cryptocurrency Investor Protection Laws are Necessary, says Korean Bar Association
The Korea Bar Association is calling on the government to put in place laws guiding digital currency and investor protection. Bar Association Calls for Cryptocurrency Laws According to Reuters, South Korean lawyers called on the government to create laws that would enable the development of the digital currency industry and improve investors’ protection in the […] The post Cryptocurrency Investor Protection Laws are Necessary, says Korean Bar Association appeared first on Ethereum World News. дальше »
2018-11-9 16:55 | |
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South Korean Lawyers Urge Government to Regulate Cryptocurrencies and Protect Investors
The Reuters reported on Nov. 8th that the South Korean Bar Association publicly pressed the government to enact a legal framework that recognizes digital assets as a standalone industry and protect investors. дальше »
2018-11-9 14:29 | |
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Alibaba exec Brian Wong explains the company’s plans for Afrika
After training their first cohort of 24 Afrikan startups as part of the eFounder Fellowship training program, Alibaba went on to launch another initiative aimed at empowering Afrikan technology startups. дальше »
2018-11-6 14:45 | |
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Huobi Mena Partners With AI Trader to Launch a Hybrid Intelligence Trading Mode
Huobi MENA, Huobi Global’s division concentrating on the African, Middle Eastern, and South Asian markets announced on Nov. 1st that it has partnered with AI Trader, an autonomous digital asset trading system powered by artificial intelligence (AI) to launch a hybrid trading platform that allows users to integrate deep learning AI in their trading activities. дальше »
2018-11-2 15:29 | |
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