South Korea implements new rules to safeguard crypto users against exchange failures

Starting next month, cryptocurrency investors in South Korea can expect increased protections following the government’s approval of new regulations aimed at enhancing user security in the event of a crypto exchange bankruptcy.

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South Korea’s Largest Crypto Exchange Upbit Become the First to Apply for a License After Securing a Bank Account

Leading South Korean cryptocurrency exchange Upbit has become the first to apply for a license in the country, reported a local publication. The exchange also secured a bank account with K-Bank allowing it to officially accept Korean fiat (KRW) deposits and withdrawals.

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South Korea’s Bitcoin ‘Kimchi Premium’ Reappears, Korbit and Bithumb Exchange Volumes Spike

During the first week of April, South Korea’s ‘kimchi premium’ on domestic cryptocurrency exchanges had jumped over 18%, but then leveled off, equalizing with global exchange rates over the last two weeks.

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South Korean Conglomerate, NEXON, Denies Reports Linking It to The Sale Of Bithumb Exchange For $460M

South Korean gaming conglomerate Nexon Co. Ltd. denies reports connecting it to the purchase of troubled crypto exchange, Bithumb. The deal was reported to cost the buyer over $460 million. The post South Korean Conglomerate, NEXON, Denies Reports Linking It to The Sale Of Bithumb Exchange For 0M first appeared on BitcoinExchangeGuide.

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South Korean cryptocurrency exchange Bithumb faces a setback

Despite being the biggest cryptocurrency exchange in South Korea, Bithumb becomes the second crypto-exchange to be under the investigation of the police. Reportedly, the Seoul Metropolitan Police is closely investigating the exchange to store essential shreds of evidence.

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South Korea: Crypto Exchange Bithumb Establishes Blockchain R&D Center

Leading South Korean cryptocurrency exchange platform Bithumb has set up a research center to boost its blockchain-based offerings and services, the exchange announced in a blog post, January 7, 2020.

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$50 Million ETH Hacked From South Korean Exchange

Some $50 million worth of eth has been hacked today from one of the biggest crypto exchange in South Korea, Upbit. They say: “At 1:06 PM on November 27, 2019,... The post $50 Million ETH Hacked From South Korean Exchange appeared first on Trustnodes.

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Bittrex Leads $1.5 Million Seed Round in South African Crypto Exchange VALR

South Africa's VALR exchange is launching March 1, expanding bitcoin access across the continent.

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Bittrex Leads $1.5 Million Round for South African Crypto Exchange VALR

South Africa's VALR exchange is launching March 1, expanding bitcoin access across the continent.

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Bitstamp, Europe’s Largest Crypto Exchange Acquired By South Korean Firm

In what’s turning out to be a popular trend, Bitstamp cryptocurrency exchange has been acquired by a South Korean investment firm. Bitstamp, which is the oldest major exchange in the world, disclosed the deal today, October 29.

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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.

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Bithumb Poised to Launch Global DEX by End-October

South Korean cryptocurrency exchange Bithumb is set to roll out its own DEX by the end of October.

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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.

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The Journey of Changpeng Zhao: How China’s Crackdown Propelled Binance to the World’s Largest Crypto Exchange

While many domestic cryptocurrency exchanges collapsed during China’s regulatory clampdown in 2017, Binance, is, however, thriving and on the way to becoming one of the largest cryptocurrency exchanges in the world.

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Hong Kong: Crypto Exchange BitMEX Hires Prominent Regulator

BitMEX To Hire Regulatory Veteran Amid Talent Migration As reported by the South China Morning Post, who recently began to cover Asia’s crypto and blockchain scene, the Bitcoin Mercantile Exchange, known as BitMEX to most traders in this industry, has just hired one of Hong Kong’s leading regulatory veterans in a surprising turn of events.

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Why is Asia the epicentre of crypto exchange hacks?

While exchanges in Europe and the U.S. have not been immune from cyber attacks, the majority of the largest cryptocurrency exchange hacks have occurred in Asian markets, with South Korea and Japan leading the scoreboard. The question is why?

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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.

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Crypto exchange BitInka adds first stablecoin with TrueUSD support

South American-based bitcoin and cryptocurrency exchange BitInka, today announced it has integrated TrueUSD (TUSD) as the first stablecoin available for trading on its exchange. TrueUSD is entirely collateralized and redeemable 1-for-1 with the U.

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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.

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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.

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Major US Crypto Exchange Gemini to Expand to UK, Improvement For Europe

For many years, the crypto exchange market of Europe has lagged behind the US, Japan, and South Korea in terms of infrastructure, regulation, security, and liquidity. According to FT, two sources close to Gemini have stated that the major US-based crypto exchange has hired advisers to consult the company in the process of expanding into.

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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.

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Texas State Securities Board Hits Russian Hoaxers with Cease-and-Desist Orders

Texas Securities Commissioner Travis J. Iles has issued emergency ordinances against three separate fraudulent cryptocurrency schemes linked to Russian scammers. The orders were issued on September 18, 2018, against DGBK Ltd.

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Waves Listed on Bithumb

Bithumb, the largest South Korean cryptocurrency exchange, will list WAVES token for trading.

The post Waves Listed on Bithumb appeared first on CoinSpeaker.

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Crypto Market in Singapore Experiences Boost as Korea’s Upbit steps in

The largest cryptocurrency exchange in South Korea Upbit has decided to extend its coverage to Singapore and start operation by October 2018. Although a conducive environment for the cryptocurrency market, other crypto-friendly nations like Malta, South Korea, Japan and Switzerland are far ahead of Singapore in terms of crypto market growth.

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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.

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Upbit To Open Exchange Operations In Singapore

The largest cryptocurrency exchange in South Korea, Upbit, have announced that their parent company, Dunamu are opening a similar exchange in Singapore, an exchange that is set to go live just next month.

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Waves (WAVES), ChainLink (LINK) Jump on Upcoming Bithumb Listing

The South Korean crypto exchange will add the two coins next week, with the support announcement triggering a significant price increase for WAVES and LINK on Wednesday morning.

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Binance’s Fiat-Crypto Exchange Goes Live in Singapore

Binance’s global expansion plans have a new milestone to reach in Singapore. Binance is setting up a new fiat-crypto exchange in the Asian hub. This would be Binance’s latest global shop after Malta, Uganda, South Korea, Jersey, and Liechtenstein.

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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.

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Bitcoin exchange Luno opens new Johannesburg headquarters

Bitcoin exchange company Luno today announced the launch of its new African regional headquarters in Johannesburg, South Africa. Luno was the first crypto company to operate in Africa, with a presence in Nigeria and Cape Town, in.

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New Mining Manufacturer Linzhi Announces Ethereum ASIC Miner

Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic.

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OKEx Founder Released After Questioning in Connection With Suspected Coin Fraud

The founder of cryptocurrency exchange OKEx was detained for questioning on September 10, 2018, by Shanghai police to investigate a case of suspected digital currency fraud related to WFee coin.

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Australia: NSW State Government Launches a Blockchain-Based System for Digital Driver Licences

The Australian New South Wales Government will roll out the second trial for their blockchain-based digital driver license system in Sydney’s Eastern Beaches in November 2018. According to a ZDNet report released on September 10, 2018, over 140,000 residents in the area will be able to exchange their plastic driver’s license for a blockchain-based digital smartphone-rendered copy from the Service NSW mobile...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

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South Korean Crypto Know-How and Capital Sought by Uzbekistan and Belarus

South Koreans undoubtedly have some respectable crypto experience and others have taken note. Uzbekistan, which recently legalized the trading of digital assets, has turned to South Korean experts for help in realizing a project to create the country’s first cryptocurrency exchange.

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Change of Domain Name: the Latest Means of Escape for Crypto Exchanges in China

As the war against cryptocurrency intensifies in China, report has it that crypto exchange platforms have resorted to regularly changing their domain names to bypass the crackdown. Crypto investors have also found ways of buying and selling digital assets with little need for exchanges.

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TrueChain (TRUE), Arcblock (ABT) Jump on Upcoming Bithumb Listing

The South Korean exchange will add both coins next week, with its statement triggering a significant increase in TRUE and ABT prices on Friday morning.

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Phillipines Considers Exchange Guidelines Ahead of Unveiling ICO Laws

Following the footsteps of regional developments in South East Asia, the Philippines Security and Exchange Commission could soon pass relevant laws for the operation of cryptocurrency exchanges in the country, Manila Times reported September 3, 2018.

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Wash Trader Generates Fake Daily Volume of $250,000,000 on Bithumb

The buy-sell-rinse and repeat cycle of wash trading has bitten a prominent South Korean exchange as an economist and cryptoanalyst named Alex Kruger has discovered the daily fake volume is $250 million.

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XEM Rises 12% And Is Among Top Performing Cryptos

NEM [Crypto: XEM] was a winner for opportunistic traders in early Tuesday trading (U. S. time). XEM’s price increased 12% against the U. S. dollar, rising from $0. 111 to $0. 123. The continuing rebound was influenced by optimistic trading in South Korea.

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Gyeongbuk Coin: South Korean Province Plans For Own Cryptocurrency and Blockchain ID System

South Korean Province to Introduce Cryptocurrencies and Blockchain-Based IDs for Employees According to local dailies in South Korea, the eastern province of Gyeongsangbuk-do is in line to issue its own cryptocurrency, open an exchange and push for adoption as payment system within the province.

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Korea’s Major Crypto Exchange Bithumb Resumes Registration. Partners With NH Bank

Hankyung, a mainstream media outlet in South Korea, has reported that Bithumb, the country’s second largest crypto exchange, will officially resume new user registrations on September 1. Bithumb has disallowed new registrations for traders in South Korea since January of 2018, following the encouragement of the government to establish formal agreements between cryptocurrency trading platforms.

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Korean Province to Replace Local Currencies With Crypto

An eastern South Korean province plans to issue its own cryptocurrency to replace the local currencies of its nine cities, according to local media. An exchange will be established for the new crypto.

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South Korean Cryptocurrency Exchange Giant ‘Bithumb’ Reopens User Registration Feature

Bithumb has resumed registering new users, more than two months after suffering a hack. The South Korea based platform experienced a massive spike in trading volume following the announcement. Some experts believe the user registration resumption by the platform contributed to the recent Bitcoin price increase.

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South Korean Crypto Exchange Bithumb Resumes New User Registrations

After renewing its contract with the Nonghyup Bank, Bithumb has resumed the facility of new user registrations starting today i.e. August 30. The post South Korean Crypto Exchange Bithumb Resumes New User Registrations appeared first on CoinSpeaker.

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South Korea: Trading Volume Soars as Bithumb Reopens to New Customers

Major South Korean cryptocurrency exchange Bithumb has announced it will resume accepting new user accounts after resolving a dispute with its banking partner. Month-Long Impasse Ends As local news media outlet Yonhap reports August 29, Bithumb has come to an agreement with Nonghyup Bank, which in July stopped serving it, reportedly due to the exchange’s recent hack in which it lost over $30 million.

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Korean Crypto Exchange Bithumb to Restart User Registrations

South Korean cryptocurrency exchange Bithumb is reportedly renewing its contract with Nonghyup Bank after solving issues prompted by a June hack.

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South Korea’s KDB Bank Report Highlights North Korea’s Crypto Mining Activity

Korean Development Bank Report Shows North Korea’s Intent To Enter Crypto Industry Korea Development Bank has issued a recent report that shows local media sources confirming that North Korea has been mining for cryptocurrency.

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Upbit Announces First Blockchain Developer Conference in September 2018

Upbit plans on holding a developers conference in September 2018 where experts from all over the world are scheduled to talk about the latest in blockchain tech. Largest Blockchain Conference to Date Upbit, South Korea’s largest cryptocurrency exchange, will host a developer conference in September, the company announced.

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