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South Korean government officials consider making cryptocurrency, blockchain regulations laxer
The cryptocurrency world has been pushing its limit to educate people about blockchain and cryptocurrency globally. South Korea was one of the countries to adopt the new tech, but framed strong regulations to keep the field from the illicit players. дальше »
2019-4-6 19:30
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S Korea SBI Savings Bank Deploys Blockchain-Based Authentication Service
SBI Savings Bank, by South Korea’s SBI Group, has deployed a new blockchain-based personal authentication service. Called SBI Simple Authentication, the service is now open to the public and was developed in cooperation with domestic blockchain startup Iconloop. дальше »
2019-4-2 10:37
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Massive Bitcoin Exchange Hack Exposes Bithumb’s Arrogant Disregard of Security
In another blow to the crypto industry’s reputation, South Korean bitcoin exchange Bithumb was hacked again on Saturday morning. The hack marks the second time the exchange has been successfully penetrated in less than a year. дальше »
2019-3-31 20:30
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$20 Million Bithumb Hack Exposes Alarming Threat to Bitcoin Exchanges
Bithumb, the largest bitcoin exchange in South Korea alongside Upbit, has been hacked for around $20 million. The company said that user funds stored in crypto cold storage wallets were not hacked, but corporate funds were moved. дальше »
2019-3-31 21:45
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Central Bank of Korea Includes Research on CBDCs in Annual Report
The Bank of Korea has included mentions of CBDCs in its annual payment settlement report, also announcing a blockchain trial later in 2019
дальше »2019-3-27 17:44
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Samsung SDS President and CEO: Blockchain Can Improve Productivity in Manufacturing
The president and CEO of Samsung SDS has said that blockchain can improve productivity in manufacturing, and represents a new concept, not just new technology
дальше »2019-3-27 14:42
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Kakao May Integrate its Crypto Wallet into KakaoTalk
Kakao, the creator of Korea’s most popular messaging app, KakaoTalk, is reportedly making plans to integrate its proprietary cryptocurrency wallet into the messaging app and enable users to store their cryptoassets more easily, reports local news source, Fnews on March 18, 2019. дальше »
2019-3-20 16:00
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Crypto Winter Strikes Again, Leaves Gaping Hole In Bithumb’s Side
Crypto Startup Bithumb Slammed Since getting hacked in the middle of 2018, Bithumb, South Korea’s largest crypto asset exchange, has been struggling. The so-called crypto winter, which started to bare its fangs late last year,. дальше »
2019-3-20 07:00
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S Korean Startup Dunamu Launches Consortium-Based Blockchain Service Platform Luniverse
Dunamu, Inc. , a South Korean fintech startup and the operator of crypto-asset exchange Upbit, has announced the launch of Luniverse, a consortium-based blockchain service platform. Lambda256, Dunamu’s research arm, was responsible for the development of Luniverse and will be spun off as a subsidiary, Dunamu said on Tuesday. дальше »
2019-3-20 01:07
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Korean Crypto Sector Is Booming: Kakao Messaging App (44M Users) To Integrate Crypto Wallets
Kakao, South Korea’s biggest messaging app with over 44 million active users, is purportedly integrating a crypto wallet that… The post Korean Crypto Sector Is Booming: Kakao Messaging App (44M Users) To Integrate Crypto Wallets appeared first on Invest In Blockchain. дальше »
2019-3-20 23:34
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Report: Major South Korean Crypto Exchange Bithumb to Lay Off Up to 50% of Staff
Unconfirmed: major South Korean cryptocurrency exchange Bithumb is reportedly cutting up to 50 percent of its staff
дальше »2019-3-19 11:23
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Unconfirmed: South Korean Internet Giant Kakao to Integrate Crypto Wallet in Messaging App
South Korea’s Kakao will reportedly integrate its crypto wallet in its messaging app KakaoTalk, according to unconfirmed local media reports
дальше »2019-3-18 20:55
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Kakao’s Crypto Arm Rakes in $90 Million Through Members-Only ICO
In yet another sign that the Crypto Winter is beginning to thaw, fundraising in the industry is once again alive and well. Ground X Corp, which is the crypto arm of South Korea-based mobile giant Kakao, has raised a cool $90 million in a private coin offering and is targeting the same amount in yet another fundraising round expected to kick off this week, Bloomberg reports. дальше »
2019-3-12 20:08
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Kakao Follows $90M ICO With Fresh $90M Funding Goal
South Korean internet giant Kakao Corp has seen major success during its private initial coin offering (ICO) and will raise more funds this week. Kakao Doubles Down As Bloomberg reported March 10, Kakao, which confirmed it has raised $90 million from token sales, wants to double the figure to $180 million — and could even do so this week. дальше »
2019-3-11 14:00
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Bernie Sanders and His $15 Wage Plan Won’t Help the Poor. Just Ask South Korea.
U. S. Senator Bernie Sanders is running for president in 2020, and as expected, he is focusing his campaign on his signature $15 minimum wage initiative. However, contrary to what Bernie Bros think, a forced increase in basic wage could lead to a drastic decline in jobs growth, cripple small businesses, and trigger an overall slowdown in the economy. дальше »
2019-3-2 18:58
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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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South Korean Retailer Displays Enjin Crypto Wallet On Samsung Galaxy S10: Is It A Mistake?
Enjin Wallet Displayed On Galaxy S10 Promotional Material Shash, a crypto enthusiast and content creator based out of Singapore, recently took to Twitter to note that a promotional image pertaining to Samsung’s “Blockchain Keystore” leaked,. дальше »
2019-2-25 11:50
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Korea Exchange Official: US Bitcoin ETF Decision Will Affect the Korean Market
An official at the Korea Exchange has revealed that the local crypto market will be affected by the decision made by the SEC regarding the Bitcoin ETF in a report by the Korea Herald on February 20, 2019. дальше »
2019-2-24 22:00
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Korea Bitcoin ETF Approval Depends on US SEC Decision, Admits Stock Exchange Official
South Korea has joined the cryptocurrency community when it comes to waiting for the US’ verdict on Bitcoin exchange-traded funds (ETF). The nation’s sole bourse operator, Korea Exchange (KRX), admitted that it was carefully observing the constantly-unfolding crypto ETF scenario in the US. дальше »
2019-2-24 15:09
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South Korea’s Biggest Telecoms Provider to Launch Blockchain-as-a-Service Platform
KT Corp. , South Korea’s behemoth telecom company, is preparing to roll out a blockchain-as-a-service (BaaS) in March of this year. Much like many other BaaS platforms, it will reduce entry barriers into the industry and foster an innovative ecosystem. дальше »
2019-2-22 18:00
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Korean Cryptocurrency Market Hinges on US Bitcoin ETF Decision
According to the Korea Herald, the U. S. Bitcoin ETF decision will shape the mood of the cryptocurrency market in the country. The All-Important Bitcoin ETF Decision It isn’t only the likes of SolidX, VanEck, and the flurry of other Bitcoin ETF proposals that are waiting in anticipation for April 5, the date scheduled for the SEC to reach a decision on whether to allow them or not. дальше »
2019-2-21 18:00
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Samsung Launches Galaxy Series Preloaded With Cryptocurrency Wallet
On Wednesday, Feb. 20, the mobile phone manufacturing giant Samsung Electronics released its flagship smartphone, the Galaxy S10. Crypto enthusiasts will be pleased to hear that the new phone comes with the company’s proprietary Samsung Knox security system which stores blockchain-based private keys. дальше »
2019-2-21 11:11
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Samsung SDS Reveals Blockchain Accelerator Tech Following Hyperledger Testing
Following the release of its enterprise blockchain platform, Nexledger, Samsung SDS has provided developers technology to accelerate transactions
дальше »2019-2-15 14:14
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Billion-Dollar South Korean Firm Goes into Blockchain
South Korean firm, Kolon Group, will begin exploring the use of blockchain among several of its subsidiaries for land registration, rent payment, and others, according to FnNews, February 10, 2019. Expanding Borders While many in the world were initially skeptical about the viability and longevity of blockchain and cryptocurrency, the last decade has shown thatRead MoreRead More. дальше »
2019-2-12 10:00
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South Korea’s Liberty Korea Political Party set to use Blockchain Technology for Elections
In a bid to foster transparency and curb the activities of bad actors in the electoral process via blockchain technology, South Korea’s largest opposition party, the Liberty Korea Party, has joined forces with ioeX, a Taiwanese distributed ledger technology (DLT) startup, according to a press release on January 11, 2019. дальше »
2019-2-12 22:00
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Seoul Metropolitan Government Is Using ICON to Appoint Members of Its Blockchain Governance Team
The Seoul Metropolitan Government has used ICON’s public blockchain to issue “mobile letters of appointment to its Blockchain Governance Team. ” The government and its supporting agencies are now expected to take steps in leveraging the power of private and public blockchain systems. дальше »
2019-2-8 17:49
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A Central Bank Digital Currency May Lead to All Kinds of Monetary Chaos, says Korea’s Central Bank
A Central Bank Digital Currency (CBDC) is not good for a country’s financial stability, said the Bank of Korea in its latest report. Dubbed as ‘Central Bank Digital Currency and Financial Stability,’ the study found that the introduction of CBDC deposits would radically decrease the supply of private credit by commercial banks. дальше »
2019-2-8 14:20
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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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Why South Korea Had to Ban Crypto ICOs and Risk Losing Multi-Billion Dollar Opportunities
This week, the government of South Korea officially decided to maintain its existing blanket ban on domestic initial coin offerings (ICO) in a move that could benefit other major crypto markets in Asia. дальше »
2019-2-4 05:15
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Blockchain Exchange Alliance Will Take Over Korean Crypto Exchange Bithumb
South Korean crypto exchange Bithumb will be getting a makeover after being acquired by a plastic surgeon led blockchain consortium. Blockchain Exchange Alliance (BXA) led by Byung Gun Kim is set to acquire a 51% controlling stake in the exchange after investing $350 million. дальше »
2019-2-3 17:39
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ICO Ban to Continue in South Korea, FSC Says
South Korea’s state financial regulator Financial Service Commission (FSC) will continue the ban on initial coin offerings (ICOs); this was confirmed in a press release published on January 30, 2019. дальше »
2019-2-2 22:00
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Seoul City Gov’t Launches ‘Blockchain Governance Team’ for State Services
The government of Seoul has launched its own blockchain governance team to explore applications in administrative services
дальше »2019-2-1 23:30
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Inside Jobs Dominate as Crooks Steal $1.7 Billion in 2018, 360% Higher Than 2017
Last year was the worst yet in regards to crypto crime, a new report reveals. The industry lost more than $1. 7 billion to crypto crooks, three times the 2017 tally. In what has become an ever-evolving menace, the thieves have continued to refine their methods. дальше »
2019-1-30 13:15
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S Korean Crypto Exchanges Team up to Fight Money Laundering, Illegal Trading Activities
Four of South Korea’s largest cryptocurrency exchanges, Bithumb, Coinone, Korbit, and Upbit, have announced a new initiative to increase anti-money laundering (AML) efforts and fight illegal activities on their respective platforms, the companies said in a joint statement on January 25. дальше »
2019-1-29 02:20
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South Korean Exchanges Announce Joint AML Initiative
South Korea has overcome last year’s cumbersome relationship with crypto trading as a result of its lack of clarity and consensus at different levels of government on the legal status of these activities. дальше »
2019-1-26 17:06
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CoinZest Airdrop Event Goes Wrong, Customers Receive $5.3 Million Worth of Crypto
CoinZest, a South Korean cryptocurrency exchange has been left with no choice but to roll back all transactions on its servers after it mistakenly airdropped bitcoin and altcoins amounting to $5. 3 million to its clients, instead of the intended We Game tokens (WGT), according to local news source, CoindeskKorea on January 19, 2019. дальше »
2019-1-23 14:00
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S. Korean Exchange Accidentally Sends $5 Million Worth of Bitcoin (BTC) In Error During Airdrop
An airdrop mishap worth $5 Million in Bitcoin (BTC) and other cryptocurrencies was sent to customers of the South Korean exchange of CoinZest. The exchange was meant to send an airdrop of We Game Tokens (WGT) but a computer error resulted in users not only getting BTC and other cryptocurrencies, but deposits in the fiat […] The post S. дальше »
2019-1-22 16:46
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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. дальше »
2019-1-18 02:00
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Only 7 out of 21 Crypto Exchanges Pass South Korean Government Audit
The South Korean Government recently conducted a security audit on 21 Cryptocurrency exchanges and according to a local news story published on January 10, 2019, only seven of them passed the audit. The audit took place between September and December 2018 and out of the 21 surveyed, Bithumb, Coinone, and Korbit, along with four others, made the grade. дальше »
2019-1-13 10:00
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Bithumb Holding Company Looks to Raise US$100M in Equity Crowdfunding Campaign
Blockchain Exchange Alliance (BXA), the Singapore-headquartered holding company of Bithumb, one of South Korea’s largest cryptocurrency exchanges, is looking to raise at least US$100 million in a Bnktothefuture equity crowdfunding. дальше »
2019-1-9 20:50
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Bithumb Holding Company Looks to Raise US$100M in Equity Round
Blockchain Exchange Alliance (BXA), the Singapore-headquartered holding company of Bithumb, one of South Korea’s largest cryptocurrency exchanges, is looking to raise at least US$100 million in a Bnktothefuture equity crowdfunding. дальше »
2019-1-11 20:50
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Report: 70 to 80 Percent of South Korean Miners Shut Down in 2018
Chinese state television has sought to document the toll taken on South Korean cryptocurrency companies by 2018’s bear market, with Financial Channel (CCTV-2) producing a report detailing the challenges faced by Korean miners. дальше »
2019-1-4 07:15
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S.Korea Crypto Hacking Victim Denied Compensation After Court Ruling
A court ruling has exonerated Bithumb from liabilities totaling around 400 million Korean won after a client lost his funds due to crypto hacking. The post S.Korea Crypto Hacking Victim Denied Compensation After Court Ruling appeared first on CoinCentral. дальше »
2019-1-4 00:07
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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. дальше »
2018-12-31 04:00
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Samsung Seeks UK Trademark For Cryptocurrency Wallet
Electronics giant Samsung has applied for a U.K. trademark for a cryptocurrency wallet
дальше »2018-12-29 04:06
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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. дальше »
2018-12-26 20:00
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Major South Korean Business School to Offer a Crypto and Blockchain Focused MBA
The Seoul School of Integrated Sciences and Technologies announced on Friday, that it will now start offering a Master of Business Administration (MBA) degree program focused on the cryptocurrency and blockchain industries. дальше »
2018-12-23 20:00
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Study: Asia Has More Impact on Bitcoin Price Than America and Europe
With events like SEC approval for Bitcoin ETFs and the introduction of cryptocurrency derivatives, it is easy to imagine the market being driven by news out of the United States. However, new research suggests that Asia, and not the West, is the dominant driver of Bitcoin price and cryptocurrency markets. дальше »
2018-12-21 04:00
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Report: Bithumb Denies Accusations of Faking Trade Volume
Crypto exchange Bithumb has denied accusations of faking trade volumes, stating that "Bithumb is doing nothing to inflate trading volume”
дальше »2018-12-20 00:35
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Seoul Mayor Confirms to Attend CHAIN PLUS+ Blockchain Summit
CHAIN PLUS+ 2019 blockchain summit: January 23th-24th, 2019. As one of the world’s most popular blockchain and cryptocurrency investment market, South Korea has a high level of enthusiasm for crypto investment, large companies are actively deploying blockchain tracks, and even the Korean government continues to release good news——policy as one of the most important factors in the development of the […] дальше »
2018-12-19 13:27
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