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Following the approval of 12 out of 12 Crypto Exchanges, South Korea Blockchain Association under fire
Over two months ago, the Korea Blockchain Association (KBA) decided to initiate self-inspections into cryptocurrency industry striving to insure the digital exchanges operating in South Korea had safeguards to check themselves from potential issues such as cyber-attacks and malicious activities. дальше »
2018-7-14 00:11
Self-Regulating South Korean Exchanges Receive a Favorable Audit
South Korea is a very important location in the world of cryptocurrency. Its exchanges generate tremendous amounts of trading volume, and it seems that situation will not change anytime soon. According to a new report, the Korean Blockchain Association has announced that all exchanges meet its regulatory requirements, which is a very positive sign. Korean Exchanges […] дальше »
2018-7-13 00:00
South Korean Regulatory Review: All Exchanges Meet Requirements
The investigation, executed by the KBA, is aimed at creating transparency standards as well as eliminate money laundering and insider trading. The post South Korean Regulatory Review: All Exchanges Meet Requirements appeared first on CryptoSlate. дальше »
2018-7-12 21:00
Korean Cryptocurrency Exchanges Pass KBA Regulatory Review – A Boost for Retail Investor Confidence!
The Korea Blockchain Association (KBA) found that 12 Korean cryptocurrency exchanges passed the minimum standards required when it came to cybersecurity measures. These included large exchanges like Bithumb, Korbit, and Gopax. дальше »
2018-7-13 16:39
Bank of Korea Reveals the Impact of Digital Assets in South Korea’s Banking and Finance Sector
South Korea’s central bank, the Bank of Korea (BOK), has revealed that the outstanding balance of cryptocurrency accounts in the country’s domestic banks stood at nearly $2 billion ($1. 8 billion) as of December 2017. дальше »
2018-7-13 16:19
Cryptos Pose ‘Insignificant Risk’ to Financial Markets: Bank of Korea
One week after the Financial Services Commission (FSC) of South Korea said that it is “not opposed” to digital currencies, a Bank of Korea report claimed that cryptocurrencies do not pose a significant risk to the country’s financial system. дальше »
2018-7-10 16:19
South Korea to Legitimise the Blockchain and Cryptocurrency Industry
South Korea’s relationship with cryptocurrencies has had a tumultuous past. From the country being an important crypto market to crackdowns and imposition of strict regulations at the beginning of 2018, the authorities have frequently changed their outlook on digital currencies. дальше »
2018-7-10 13:59
South Korean Banks Now Own More Cryptos Than Even Bithumb
Bitcoin price tumble from estimated price of $20,000 in 2017 to $6,000 in early 2018 has made commercial banks in South Korea holders of more cryptos than the largest cryptocurrency exchange in the country, Bithumb. дальше »
2018-7-10 01:15
Korea’s Telecom Giant: Country’s Biggest Crypto Exchange Hack Caused by APT
For the third time in two years, Bithumb, South Korea’s biggest crypto exchange, was hacked in June 2018. SK, the country’s telecom giant, stated that the hack was likely caused by APT attacks. The post Korea’s Telecom Giant: Country’s Biggest Crypto Exchange Hack Caused by APT appeared first on CryptoSlate. дальше »
2018-7-9 17:00
Korean Banks Held $1.79 Billion During the 2017 Bull Run
Yonhap, a mainstream media outlet in South Korea, reported that commercial banks in the country are holding nearly $2 billion worth of cryptocurrencies. The post Korean Banks Held $1.79 Billion During the 2017 Bull Run appeared first on CryptoSlate. дальше »
2018-7-9 03:36
Korean Banks are Holding Nearly $2 Billion in Crypto Like Bitcoin and Ethereum
Yonhap, a mainstream media outlet in South Korea, reported that commercial banks in the country are holding nearly $2 billion worth of cryptocurrencies. The post Korean Banks are Holding Nearly $2 Billion in Crypto Like Bitcoin and Ethereum appeared first on CryptoSlate. дальше »
2018-7-9 03:36
Korean Banks Held $1.79 Billion in Crypto During the 2017 Bull Run
Yonhap, a mainstream media outlet in South Korea, reported that commercial banks in the country are holding nearly $2 billion worth of cryptocurrencies. The post Korean Banks Held $1.79 Billion in Crypto During the 2017 Bull Run appeared first on CryptoSlate. дальше »
2018-7-9 03:36
Bitcoin Price Watch: Currency Jumps to $6,700
It’s finally happened! At press time, the father of digital currency has leapt to the $6,700 mark and conquered its latest plane of resistance. After weeks of analysts going at it (Will bitcoin reach $6,700? Will bitcoin reach $6,700?), it appears the currency has defeated its latest obstacle. Now, $7,000 could easily be in bitcoin’s […] дальше »
2018-7-8 22:39
South Korea Moving Towards Cryptocurrency Acceptance
South Korea is continuing to legitimize and embrace cryptocurrency through a careful and considered approach. ‘The regulator isn’t opposed to cryptocurrencies’ On May 19, Bitcoinist reported that Korean regulators had agreed to apply the G20’s set of “unified regulations” in regards to cryptocurrencies. дальше »
2018-7-8 06:00
Korea Will Fuel the Development of dApps and Base Blockchain Layers Like Ethereum, EOS and NEO
Local publications reported that the government of South Korea finalized plans to legitimize the cryptocurrency exchange market and the blockchain sector with a newly created regulatory framework. дальше »
2018-7-7 23:00
South Korea Likely to Unwind Cryptocurrency Rules to Coordinate with the G20 Directives
Earlier this year, top financial heads of the G20 country had a discussion for cryptocurrencies and their role in the global economy. At that time, the leaders pledged for having “unified regulations” towards the functioning of digital currencies. дальше »
2018-7-7 11:48
Korean Financial Authorities Draft Policies to Help Grow Crypto Industry
Financial authorities in Korea will ease regulations on crypto-based assets in attempts to line-up with policies brought forth by the G20 nations and foster growth in the industry. Korea Establishes “Unified Regulations” The new polices are “unified regulations” that relate to “all activities” of Korea’s cryptocurrency exchange operators — a country that has a huge. дальше »
2018-7-7 00:00
South Korea Recognizes Crypto Exchanges With Launch of Blockchain Classification System
South Korea has taken another step towards the legitimization of cryptocurrency with the announcement of a new regulatory initiative that will see blockchain platforms and businesses governed by a new classification system. дальше »
2018-7-6 09:00
South Korea Officially Recognizes Cryptocurrency Exchanges
South Korea has moved to recognize cryptocurrency exchanges as legal entities in their own right for the first time, cementing their position in the local economy. Unveiling ‘Cryptoasset Exchanges And Brokerages’ As local news outlet The B-Chain reports, new “classification” of Blockchain-related industries means exchanges are now considered “cryptoasset exchanges and brokerages. дальше »
2018-7-5 15:00
South Korea Sets up Cryptocurrency Regulations
The Financial Services Commission of South Korea has announced new cryptocurrency rules which will put the country on the world map. The new rules will allow better regulations in monitoring trading. дальше »
2018-7-2 15:58
South Korea Unveils New Supportive Crypto Regulations
The South Korean Financial Services Commission (FSC) had released a new regulatory framework and Know Your Customer (KYC) and Anti-Money Laundering (AML) guidelines for cryptocurrency exchanges in the country. дальше »
2018-7-1 14:49
Ico Round-Up: social media Influencers bypass Advertisement boycott, Centra Tokens Considered Securities
Crowdfunding Three stories dominate this week’s initial coin offering (ICO) round up: It appears many ICO projects are reaching out to social media influencers in an effort to thwart advertising bans across leading platforms. дальше »
2018-6-30 08:39
Bithumb Recovers Half of Stolen Funds From $31 Million Hack
Last week, Bithumb – one of South Korea’s largest digital currency exchanges – was hacked for $31 million in various cryptocurrencies. Announced on June 28, 2018, Bithumb confirmed the recovery of nearly half the stolen funds. дальше »
2018-6-29 10:57
Korea Financial Regulator: Kimchi Premium is Gone, Cryptocurrency Market is Now Stable
Kim Yong-bum, the Vice Chairman of the Financial Services Commission and one of the main financial regulators in South Korea, expressed optimism towards the cryptocurrency market and the disappearance of the “Kimchi Premium” which exceeded 30% at the cryptocurrency market’s peak in December 2017. дальше »
2018-6-29 21:00
31 mln to 17mln is what crypto bithumb reduces hack loss estimation to!
Hacked South Korea crypto exchange Bithumb has lowered the estimated amount of money lost in the hack from 35 billion won (about $31 million) to 19 billion won (about $17 million), according to a support announcement Thursday, June 28. дальше »
2018-6-28 18:23
Crypto Exchange Bithumb Reduces Hack Loss Estimation From $31 Mln to $17 Mln
Bithumb announces less crypto stolen than originally reported, due to crypto exchange, foundation support and quickly moving holdings into a cold wallet
дальше »2018-6-28 16:20
Contradictory Reports Emerge on Crypto Taxation in South Korea
One of the most controversial topics in the crypto industry, taxation, has yet to be settled by regulators. The industry has been kept guessing what policies regulators will eventually agree on, and with different regions and countries having very different outlooks on cryptocurrency, there is no telling what laws to anticipate. The South Korean crypto […] дальше »
2018-6-27 17:00
What Koreas Crypto scene is saying
At the time, the popular South Korean cryptocurrency exchange tentatively announced a “cyber intrusion” that saw the loss of $40 million worth of cryptocurrencies. If that wasn’t enough, on June 20, Bithumb – South Korea’s largest by trade volume – also announced a major security breach in which $31 million was reported to be lost. No strangers to дальше »
2018-6-27 00:48
South Korean Firms Flock to Singapore for ICO Purposes
Even though the initial coin offering industry has attracted a lot of attention, it is also a problem. Especially when it comes to regulation, the opinions on ICOs are quite divided. With South Korea still banning this activity, a fair few domestic firms are organizing ICOs in Singapore due to its regulatory-friendly climate. Singapore Welcomes […] дальше »
2018-6-26 21:00
South Korean Insurers Wary of Cryptocurrency exchanges
Insurance companies in South Korea are not very forthcoming in providing insurance for crypto exchanges in the country. Despite being the nation with the most prolific cryptocurrency users, exchanges and thriving digital assets business, insurance companies in South Korea are wary of providing coverage for Crypto Exchanges. дальше »
2018-6-26 19:06
Crypto Regulation, Priority for World Governments
With the recent rise in mainstream popularity of cryptocurrencies and the ever-present allegations of cybertheft and market manipulation, it has become a top priority for governments to put a lid on the madness. дальше »
2018-6-26 13:04
Exchange Leak Puts $620K-Worth of Customer Crypto at Risk
A new exchange from South Korea leaked critical information about 19 of its users, potentially putting some $620,000 worth of cryptocurrency at risk. дальше »
2018-6-26 09:00
Extange and Wallets partners with Security Firm to Stop use of Stolen Crypto
A Singapore-based IT security company offers a potential blockchain-based solution to help protect individual crypto users and block the use of stolen cryptocurrencies on crypto wallets and exchanges. дальше »
2018-6-26 06:45
South Korean Cryptocurrency Exchanges Struggle To Find Insurers
Due to recent security breaches and thefts among some large-scale cryptocurrency exchange platforms, the need for exchange insurance is booming. Many insurance companies, however, are hesitant to take the risk — citing their distrust in current security measures. дальше »
2018-6-26 03:00
South Korea to Invest $230M in Blockchain Technology Development
The Ministry of Science and ICT of South Korea revealed a Blockchain Technology Development Strategy on June 21st earmarking a total of 230 billion Won (over of $200M USD) for the development of blockchain-based technology. дальше »
2018-6-25 02:00
South Korea: Reports of 10% Tax on Cryptocurrency Gains Are Fake
South Korea’s Ministry of Finance has denied reports of 10% income tax on cryptocurrency investments. 10% Tax on Crypto Grains is Fake News Taxation has been a hot topic in the cryptocurrency world this year. дальше »
2018-6-24 02:00
Bithumb reduces shrink-Agrees to reimburse customers
Exchanges 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 04:05
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
South Korean Gov’t to Invest $200 Mln in Blockchain Initiatives
Despite recent exchange hacks, the blockchain industry continues to thrive in countries worldwide. On June 21, 2018, the South Korean government announced intent to invest over $200 million into blockchain initiatives by 2022. дальше »
2018-6-23 15:00
Korean Government to Lead 6 Blockchain Pilots With $9 Million Fund
A South Korean government agency has announced a plan to boost blockchain adoption in the country. дальше »
2018-6-22 09:03
Over $200 Million in Public, Private Blockchain Initiatives from South Korean Government
According to the Ministry’s official announcement, the new initiative will foster 10,000 blockchain industry professionals and 100 companies, and will expand and commercialize six existing blockchain pilots with the Ministry’s backing. дальше »
2018-6-21 20:51
Bank of Korea Denies Plans for Launching a Cryptocurrency
The Bank of Korea (BOK) on Monday argued against the issue of digital currencies by the central bank in a recent report. The bank said that launching its own central bank digital currency (CBDC) will raise the basic mechanisms of its monetary policy and make open market operations more complex. дальше »
2018-6-21 20:02
Bithumb Hack:Exchange promises to Reimburse All Users
South Korea’s largest cryptocurrency exchange, Bithumb, has confirmed that it indeed lost 35 billion won ($ 31.4 million) in this week’s high-profile hack — which it will repay to users in full. Bithumb: Amount Lost Could ‘Decrease’ In an update posted on June 21, the Bithumb said it was beginning “recovery” processes and that the total дальше »
2018-6-21 18:35
Bithumb Hack: Exchange Confirms It Will Reimburse All Users
South Korea’s largest cryptocurrency exchange, Bithumb, has confirmed that it indeed lost 35 billion won ($31. 4 million) in this week’s high-profile hack — which it will repay to users in full. дальше »
2018-6-21 15:00
Litecoin Founder Charlie Lee “Bithumb hack doesn’t change Bitcoin Fundamentals
The recent hack of leading crypto exchange Bithumb “doesn’t really change the fundamentals of Bitcoin” Litecoin (LTC) founder Charlie Lee stated in an interview with CNBC June 20. According to Lee, the price drop is a typical reaction of the market to the news about the hack, and “it happens all the time,” because people дальше »
2018-6-21 08:46
Korean Cryptocurrency hub hacked
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 »
2018-6-21 23:02
Korean Ministry Initiates Investigation Into Causes Of Bithumb Crypto Exchange Hack
The South Korean Ministry of Science and Technology (MIC) has set up a probe into the theft of $30 million from the world’s sixth largest cryptocurrency exchange Bithumb, Yonhap News reports Wednesday, June 20. дальше »
2018-6-20 18:25
Samsung Marries Blockchain, AI in Cello 3.0 Logistics Platform
Samsung SDS has presented Cello 3.0, a new logistics platform which utilizes blockchain and artificial intelligence
дальше »2018-6-20 14:39
South Korea Exchange Bithumb Stops Withdrawls After Hack
$30 million worth of undisclosed cryptocurrencies has been stolen from Bithumb, one of the largest crypto exchanges in South Korea by trading volume. As it was officially announced the Seoul-based crypto exchange Bithumb had become a victim of a hack and had lost $30 million worth of undisclosed cryptocurrencies. Currently, Bithumb is considered to be дальше »
2018-6-20 13:47
Crypto Exchange Bithumb prevents retreats after the $ 31 million hack
Bithumb, one of the largest cryptocurrency exchanges in South Korea by trading volume, is halting deposit and withdrawal services after hackers stole 35 billion won ($31 million) from the platform. The company said in an announcement today that the hack happened between late Tuesday night and early Wednesday morning local time. Although Bithumb has yet to дальше »