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Largest South Korean Exchange Launches Crypto Market Indices
The largest crypto exchange in South Korea by trading volume, Bithumb, has launched two cryptocurrency market indices. One tracks all coins listed on the exchange while the other tracks only altcoins. дальше »
2018-10-12 08:25 | |
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South Korea to Take Final Decision on ICOs in November, Says Top-level Official
South Korean authorities continue discussing the possibility of reallowing ICOs within the country. The final decision is going to be revealed in November 2018. The post South Korea to Take Final Decision on ICOs in November, Says Top-level Official appeared first on CoinSpeaker. дальше »
2018-10-11 21:41 | |
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Huge User-base South Korean Startups Flock to The Blockchain
Some of the largest startups in South Korea with over 10 million users are turning to the blockchain. “Baedal Minjik,” a food delivery startup whose annual revenue surged 80 percent last year, and “Joonggonara,” a major used goods marketplace in South Korea, have shown interests in integrating the digital ledger technology. дальше »
2018-10-11 15:00 | |
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South Korean regulator warns of serious fallout if ICO ban lifts
South Korean lawmakers will decide the future of domestic initial coin offerings (ICOs) in November, but that hasn’t stopped its top financial regulator from lashing out at the cryptocurrency market one last time. дальше »
2018-10-11 13:09 | |
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Korean Crypto Exchange Sued for Controversial Token Schemes
A lawsuit has reportedly been filed in South Korea against a local cryptocurrency exchange over its price-pumping schemes involving token issuance. The suit alleges that Cashierest’s token which pays dividends and rebates transaction fees to investors violates the country’s capital markets law. дальше »
2018-10-10 08:35 | |
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South Korean Messenger KakaoTalk Releases Blockchain Platform Klaytn
Ground X, the blockchain development arm of South Korean mobile platform Kakao, announced October 8, 2018, the debut of their blockchain platform “Klaytn. ” Ground X Releases Platform Alongside the actual platform, Klatyn has also released tutorials and toolkits to allow blockchain developers to leverage its tech, as well as a wallet, blockchain explorer, and BLASQ, their take on an incentivized. дальше »
2018-10-9 21:00 | |
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Kakao Blockchain Subsidiary Ground X Launches Klaytn Testnet
Ground X, the blockchain subsidiary of South Korean’s Internet firm Kakao, has announced the launch of the testnet version of Klaytn, a platform that intends to “improve the inconvenient UX of existing blockchain platforms by allowing end-users to experience blockchain technology in the most seamless way. дальше »
2018-10-9 01:20 | |
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Another DEX Announcement as Bithumb Makes Moves for Expansion
One of the largest cryptocurrency exchanges by volume has announced its plans to release a decentralized exchange (DEX). The South Korean exchange Bithumb hopes to have its decentralized exchange released by the end of October. дальше »
2018-10-8 21:54 | |
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3 Major South Korean Crypto Exchange Hacks to Date
South Korea plays an important role in the cryptocurrency world. Ever since China lost its dominant position, South Korea has become of the Asia’s biggest Bitcoin and altcoin trading hubs. That success comes with potential issues, as numerous exchanges have been hacked in the process. дальше »
2018-10-8 20:00 | |
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Total of 7 Crypto Exchanges and 158 Wallets Hacked in South Korea, Police Find
The South Korean National Police Agency has produced a report of all hacking incidents of crypto exchanges and wallets in the country during the past three years. According to local media, there were seven hacking cases of crypto exchanges and 158 cases of wallet hacks, 91 of which happened this year. дальше »
2018-10-8 21:05 | |
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South Korean Regulators Discuss Proposals for ICO Legislation
Korean lawmakers are increasingly pushing for the regulation of initial coin offerings (ICOs) with multiple bills currently pending at the National Assembly. This includes a proposed amendment to the Electronic Financial Transactions Act. дальше »
2018-10-6 08:15 | |
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South Korean Crypto Exchange Bithumb to Purportedly Set up Decentralized Subsidy
South Korea’s crypto exchange heavyweight Bithumb has announced that it was all set to launch a decentralized exchange in a bid to cater to its overseas expanding base in the coming few months, reported Business Korea on October 5, 2018. дальше »
2018-10-6 05:00 | |
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South Korean Lawmakers Call out Country’s Delay in Regulating Token Issuances and Cryptocurrencies
Pointing out the government’s delay in regulating initial coin offerings (ICOs) since a year, South Korean lawmakers called for swift regulatory action in a parliamentary forum on Oct. 2, reported Business Korea. дальше »
2018-10-5 10:00 | |
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South Korean Lawmakers Propose the Legalization of ICOs
South Korea has maintained a reasonably negative stance on cryptocurrencies and initial coin offerings (ICOs) since their blanket ban in September 2017. According to Business Korea’s article released on October 4, 2018, however, the National Assembly is looking to convince the government to remove the ICO ban as it may undermine South Korea’s future competitiveness. дальше »
2018-10-5 09:00 | |
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Bithumb Targets Early 2019 For Full Decentralized Exchange
Bithumb has partnered with One Root Network (RNT) and set its sights on a decentralized cryptocurrency exchange (DEX) early next year. The South Korean exchange is eyeing a full DEX platform that will be based outside South Korea. дальше »
2018-10-4 19:33 | |
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Philippines to deport fugitives to South Korea for $33M Bitcoin scam
Filipino authorities have advanced on international criminals suspected of running a large-scale Bitcoin pyramid scheme. Authorities have detained two of the six individuals thought to have defrauded South Korean investors for over $33 million, while the others remain on the run. дальше »
2018-10-4 16:35 | |
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South Korea’s Chief Policy Maker Insists on Legalizing ICOs
In a recent speech given to the National Assembly, Chairman of South Korea’s National Policy Committee Min Byung-Doo urged Korean regulators to legalize initial coin offerings (ICOs). дальше »
2018-10-4 22:11 | |
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South Korea Denies Cryptocurrency Exchanges From Venture Firm Certification
Although the South Korean Government is keen to improve blockchain regulations, they do not express the same sentiment towards the cryptocurrency industry. According to an article published by Business Korea on October 1, 2018, the South Korean Government decided to deny cryptocurrency exchanges from venture firm certification, which will lead to an increase in taxes for these companies. дальше »
2018-10-3 23:00 | |
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Era Of Decentralized Exchanges: Bithumb to use OneRoot R1 protocol to build a Decentralized Exchange
One of the world’s largest cryptocurrency exchange, Bithumb, a South Korean based cryptocurrency exchange is making plans to launch a decentralized exchange platform after its prosecution for tax invasion even though it was later said to be a wrong accusation. дальше »
2018-10-2 20:09 | |
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South Korean Cabinet Excludes Sale and Brokerage Of Digital Assets From Venture Business Classification
South Korean Government Will Exclude Sale and Brokerage Of Digital Assets From Venture Business Now, the South Korean government has decided to exclude digital assets trading companies from venture business classification. дальше »
2018-9-27 22:39 | |
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South Korea: “Third Generation” Blockchain Projects Look to Dominate the Global Crypto Market
Competition among the so-called “third generation” projects is fast brewing in the South Korean blockchain and cryptocurrency market, as companies scramble to find the industry’s “killer app” and spur widespread adoption. дальше »
2018-9-27 20:00 | |
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Coinnest Coin Listing Bribery for Adding Crypto Tokens See Executives Accused and Indicted
The Seoul Southern District Public Prosecutor’s Office has recently accused and indicted two South Korean executives of a crypto exchange called Coinnet. According to the charges, they have been accepting bribes in order to list cryptos. дальше »
2018-9-24 22:09 | |
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Coinnest Executives Indicted for Accepting Bribe for Coin Listing
The Seoul Southern District Public Prosecutors’ Office has reportedly indicted two executives of South Korean crypto exchange Coinnest for accepting a bribe in exchange for listing a cryptocurrency. дальше »
2018-9-24 19:10 | |
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South Korean Government Pledges to Support Domestic Blockchain Projects
South Korea’s Ministry of Science and Information Communications Technology (ICT) has vowed to increase Government funding and support for the nation’s blockchain companies. According to Business Korea’s article published on September 21, 2018, the Government’s decision to boost support was to assist blockchain startups with current challenges and help drive growth to domestic blockchain industry. дальше »
2018-9-23 23:00 | |
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South Korean’s MSICT Offers Help to Crypto Companies For Accelerating Blockchain Adoption
This Friday the South Korean Ministry of Science and Information Communications Technology (MSICT) promised support to facilitate the growth of the domestic blockchain industry. Min Won-ki, the Minister of Science held a meeting with blockchain startups as part of the government’s effort to establish contact with organizations in what it has dubbed the 10 key […] дальше »
2018-9-22 18:00 | |
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Major Korean Crypto Exchange Upbit Opens in Singapore Next Month
Major South Korean cryptocurrency exchange Upbit will reportedly begin operations in Singapore next month. The new exchange will offer Singapore dollar trading as well as crypto-to-crypto pairs in three markets offered by Bittrex, Upbit’s US-based partner. дальше »
2018-9-20 00:25 | |
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S Korea’s Dunamu Expands Crypto Exchange Upbit to Singapore
South Korean fintech company Dunamu Inc. is expanding its crypto-asset exchange business to Singapore. The company said it chose Singapore as its first overseas destination and “launching pad” into foreign markets, citing the country’s strong support for blockchain and cryptocurrency. дальше »
2018-9-20 17:56 | |
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South Korean Telecoms Giants Set to Offer Blockchain-Based Mobile Payments Solution
South Korean mobile carrier and global electronics giant LG Uplus has joined forces with Far EasTone Telecommunications, SoftBank, and TBCASoft, to develop a cross-carrier blockchain payments solution to enable local mobile phone subscribers from different networks to make quick payments with their phones when they travel abroad, reported The Korea Times on September 16, 2018. дальше »
2018-9-19 18:30 | |
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Two South Korean cryptocurrency exchanges to suspend fiat withdrawals for unverified traders
Attempts of South Korean authorities to fight anonymous trading in the cryptocurrency market have not yet been crowned with success. But the new initiative of the largest crypto exchanges can force traders to pass verification. дальше »
2018-9-19 15:16 | |
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LG U+ Will Bring Blockchain-Based Payment Services to Overseas Customers
South Korean telecom company LG U+ revealed Sunday that it will be rolling out a new blockchain-based, cross-carrier payment system (CCPS) via partnerships with mobile carriers in Taiwan and Japan, according to The Korea Times. дальше »
2018-9-18 04:00 | |
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Stolen XRP: Lack Of Laws Stop FBI And Korea From Recovering $800K
The U. S. FBI and law enforcement in South Korea and Japan have arrested two people in connection to phishing scam that stole $800,000 worth of Ripple (CRYPTO: XRP) tokens in a joint operation reported last week. дальше »
2018-9-17 20:00 | |
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LG To Create Cross Border Payment Solution To Rival XRP And XLM
LG are best known for manufacturing various technology appliances. From televisions to mobile phones, if it’s at the cutting edge of tech then LG have probably manufactured it so therefore, an interest in blockchain technologies and cryptocurrency was always going to be of interest to this firm. дальше »
2018-9-17 17:30 | |
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Bank of Korea: Infamous ‘Kimchi Premium’ May Reappear in Bitcoin Markets
The Bank of Korea has warned that significant price differences between South Korean exchanges and those abroad, or the “Kimchi Premium,” may emerge in the coming years. Kimchi May Strike Back According to local outlet No Cut News, South Korea’s central bank cautioned officials of another “Kimchi Premium”-like situation if regulations and crypto trading frameworks […] The post Bank of Korea: Infamous ‘Kimchi Premium’ May Reappear in Bitcoin Markets appeared first on CryptoSlate. дальше »
2018-9-12 07:00 | |
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Statistics: Less than a half of South Korean traders verified their identity
Although all South Korean crypto exchanges have to use the real-name accounts, in reality, only half of their customers verified their identity and converted virtual accounts to real-name ones. дальше »
2018-9-12 23:43 | |
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South Korean Banks Putting Up a hard Time for Digital Currency Traders
Since the introduction of the real-name crypto system by the South Korean gov, only 40-50% of the cryptocurrency investors have shifted their accounts. For the other half the South Korea-located banks are not going to be very soft about. дальше »
2018-9-11 13:54 | |
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Limited Services In Korean Banks For Crypto Investors
Seven months ago, the government in Korea brought in a new ‘crypto real-name system’ however, there is only up to 50% of accounts that have been converted into real-name ones, even in the top four cryptocurrency exchanges for Korea. дальше »
2018-9-11 13:00 | |
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Korean Banks to Limit Services for Crypto Traders Without Real-Name Verification
South Korean banks are reportedly taking measures to limit services for customers who are not using the real-name system. It has been over seven months since the Korean government introduced the crypto real-name system, but only 40-50% of accounts at the country’s top four cryptocurrency exchanges have been converted into real-name ones, according to local […] The post Korean Banks to Limit Services for Crypto Traders Without Real-Name Verification appeared first on Bitcoin News. дальше »
2018-9-11 10:35 | |
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