2021-6-1 12:01 |
Upbit exchange paid 10 times more in fees to South Korean internet bank K bank Q1 2021 than in the previous quarter.
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The Bank of Korea (BoK) has advanced its Central Bank Digital Currency (CBDC) initiative following a recent call for collaboration with a private consultancy. This move will set ground for the second phase of South Korea’s CBDC with a speculated pilot launch in 2021.
2020-9-1 17:30 | |
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South Korean central bank, the Bank of Korea (BOK), recently revealed details for a consulting partnership that it now seeks. The partnership comes as a part of the next stage in preparations for the launch of its own CBDC.
2020-9-2 14:06 | |
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KB Kookmin, one of Korea’s largest banks, is spearheading blockchain development projects for the... The post Korean bank working on custodial services that uses blockchain appeared first on Coin Journal.
2020-8-10 11:53 | |
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KB Kookmin Bank (KB), the largest commercial bank in South Korea, has agreed on a deal with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer bitcoin custody services. In January, the government-owned bank filed its trademark application for digital assets custody with the Korean Intellectual Property Office.
2020-8-9 06:30 | |
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We’re suddenly seeing banks lining up to support crypto custody, and KB Kookmin Bank is looking to get in on the action.
2020-8-9 05:00 | |
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A South Korean bank that manages $270 billion in deposits has partnered with a law firm and a dev studio to move into the crypto space. NH NongHyup Bank has... The post South Korean Bank Developing Bitcoin Crypto Exchange appeared first on Trustnodes.
2020-6-11 18:08 | |
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On April 6, South Korea’s central bank has made the announcement that it started a pilot program for assessing the logistics of a central bank digital currency (CBDC). While the bank doesn’t plan to introduce a CBDC very soon, it still had created the pilot scheme to make sure that it’s prepared to do just […]
2020-4-7 19:01 | |
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The Bank of Korea has historically been skeptical about CBDCs, but now it's having to keep up.
2020-4-6 18:30 | |
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Following the approval of a regulatory framework for cryptocurrencies by the South Korean government, one of the largest banks in the country is preparing to launch a range of crypto services. KB Kookmin Bank has applied for trademark registration, reportedly listing over 20 crypto services on its application.
2020-3-28 11:30 | |
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KB Kookmin Bank, South Korea’s largest bank, is planning to launch a crypto custodial service known as KB Digital Asset Custody (KBDAC). The entry of the South Korean financial giant into the crypto market could spark widespread adoption across financial institutions in the country.
2020-3-28 22:00 | |
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Yesterday, India’s Supreme Court quashed the Central bank’s crypto ban that was curtailing cryptocurrency trading in the country. The crypto community perceived this as a big adoption boost for bitcoin and cryptocurrencies in general.
2020-3-6 16:14 | |
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The Bank of Korea is reportedly looking to build a blockchain system for the Korean bond market.
2020-2-20 07:00 | |
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South Korea's central bank plans to hire additional experts as it studies digital currencies and blockchain technology.
2019-12-28 20:15 | |
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The South Korean central bank is the latest in the list of national banks to reveal its intentions towards central bank crypto (CBDC). South Korea Joins Crypto Research Race According to local media, the Bank of Korea has begun hiring crypto-asset experts signaling that the central bank may begin developing its own CBDC.
2019-12-13 11:00 | |
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One of South Korea’s biggest banks is reportedly planning to intensify regulations on accounts linked to crypto exchanges
2019-7-3 15:29 | |
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Smaller crypto exchanges in South Korea are offering some customers "beehive accounts," which manage traders' money via the exchanges’ own corporate bank accounts, masking users' identities.
2019-6-22 23:44 | |
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South Korea is a global crypto hot spot and its citizens are some of the most enthusiastic crypto traders in the world. The technology-focused country continues to adopt blockchain solutions with South Korea’s largest bank Kookin the latest to announce a new crypto initiative.
2019-6-19 22:30 | |
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Massive Institution Looks to Store Crypto Reported by CoinDesk on Tuesday, Bitcoin (BTC) and other digital assets may soon be stored by KB Kookmin, South Korea’s largest bank. Citing a report from its Korea branch,.
2019-6-11 20:59 | |
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Major South Korean commercial lender KB Kookmin Bank has signed an MoU with blockchain technology firm Atomrigs Lab to jointly explore digital asset management solutions
2019-6-12 14:57 | |
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More and more companies are using the blockchain technology in order to make their processes more efficient. The Shinhan Bank, one of the oldest South Korean financial institutions, is no exception to this trend.
2019-5-28 20:41 | |
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South Korea’s oldest bank, the Shinhan Bank, headquartered in Seoul, has revealed a new loan application system powered by… The post Oldest S Korean Bank Launches Blockchain-Powered Loans For the Whole Nation appeared first on Invest In Blockchain.
2019-5-28 13:19 | |
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LG Group and KB Financial Group have signed a memorandum of understanding (MoU) to launch a joint venture on… The post LG And Leading Korean Bank Team Up To Work On Blockchain Payments, Possible Token On Ethereum appeared first on Invest In Blockchain.
2019-5-9 07:28 | |
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North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report.
2019-4-25 17:04 | |
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It’s Monday which means it’s time for a wrap-up of the weekends top cryptocurrency and blockchain headlines. Here’s Moonday Mornings for you. 1. The United Global Resolve For Peace is petitioning the Central Bank of Nigeria after thousands of the country’s residents claim to have been “defrauded” out of millions of dollars earned from trading cryptocurrencies on exchange service Paxful, The Guardian, a local Nigerian outlet reports.
2019-4-8 11:17 | |
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North Korean leader Kim Jong-un is thought to be backing an elaborate scheme entailing the hacking of crypto exchanges. The group alleged to be doing the hacking is called APT 38. It’s considered to be a highly-skilled state-sponsored group of bank hackers that managed to steal $1 billion from banks to fund its nuclear weapons program, according to Wired.
2019-4-3 16:27 | |
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CryptoNinjas ICONLOOP, the South Korean based blockchain technology company, has announced that it has integrated its blockchain powered personal authentication service for SBI Savings Bank.
2019-4-2 02:00 | |
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This article was originally published by 8btc and written by Lylian Tang. The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi.
2019-4-2 21:54 | |
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HSBC Bank Plc, one of the largest banking and financial institutions in the world, is looking to form a strategic partnership with South Korean lenders in a bid to make its Voltron distributed ledger technology (DLT) platform commercially available for the settlement of trade invoices and more, reports The Korea Times on March 12, 2019.
2019-3-14 20:00 | |
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In The Daily this Monday, we feature several developments cryptocurrency traders may want to know more about. The Korean subsidiary of global digital asset exchange Huobi is enhancing its anti-money laundering measures and a new over-the-counter trading desk will offer services to crypto investors.
2019-2-25 10:31 | |
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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 […]
2019-2-7 21:34 | |
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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.
2019-2-7 18:59 | |
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A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.
2019-2-7 15:05 | |
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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 […]
2019-1-29 21:20 | |
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South Korea’s second largest bank has started a pilot project to implement a blockchain-based work process across a range of financial services and internal protocol management systems, reported Korea Times on December 10, 2018.
2018-12-11 04:00 | |
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The financial institution has already tested distributed ledger technology for Interest Rate Swap transactions.
2018-12-10 20:39 | |
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South Korea’s second largest bank is in the middle of rolling out a blockchain-based system designed to reduce human error. Shinhan Bank is using the blockchain for Interest Rate Swap (IRS) transactions.
2018-12-10 14:38 | |
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On November 11, Blocko, AERGO’s strategic technology partner that builds the AERGO platform, announced that it would provide a blockchain-based distributed storage platform to connect real estate registries to government network data with a blockchain ledger for the Korean Ministry of Land, Infrastructure, and Transport.
2018-11-13 14:33 | |
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New Zealand’s First Ever “Bank Blockchain Trade”: Sending Meat to Korea It has been recently revealed that an arm of New Zealand Bank, ABS has recently contributed towards what they call a “Bank Blockchain” trade.
2018-11-2 21:52 | |
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A South Korean district court has ruled that Nonghyup Bank, a major bank in the country, cannot block transactions to the account of cryptocurrency exchange Coinis based solely on the government’s anti-money laundering guidelines.
2018-11-1 08:35 | |
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Samsung has announced a partnership with Dutch bank ABN AMRO and Rotterdam Port Authority to build a shipping and logistics business based on distributed ledger technology. Samsung’s NexLedger to Test Compatibility with R3’s Corda in Pilot Project for Shipping Industry The South Korean technology giant will be responsible for linking its blockchain platform Nexledger to.
2018-10-23 02:00 | |
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Ex-UBS bankers raise $100M for crypto project, Korean Exchange CEO accused of 1 billion won bribe, Bitmain IPO application brings recent losses to light and Walmart pushes suppliers onto the blockchain.
2018-9-28 19:17 | |
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There is the possibility that a ‘kimchi premium’ will appear again on the local trading platforms, the Bank of Korea said in its latest report.
2018-9-12 20:49 | |
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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.
2018-9-12 07:00 | |
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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.
2018-8-30 12:30 | |
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The Korean exchange, which has been unable to create new accounts after failing to find a partner bank, appears to be on the verge of an agreement with NH Nonghyup Bank.
2018-8-29 21:04 | |
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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.
2018-8-29 16:00 | |
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South Korean cryptocurrency exchange Bithumb is reportedly renewing its contract with Nonghyup Bank after solving issues prompted by a June hack.
2018-8-29 12:30 | |
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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.
2018-8-28 20:00 | |
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North Korean hacking outfit “Lazarus” is now targeting cryptocurrency exchanges. Information security firm Kaspersky Labs has discovered it is exploring new attack vectors and trojanizing cryptocurrency software.
2018-8-23 16:05 | |
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House lawmakers unveiled the PREDICT Act to bar US officials and families from trading on government prediction markets.
Bitcoin Magazine Bitcoin Price Falls to $103,000 As Government Starts to Reopen, Trump Weighs Tariff Checks Bitcoin price dipped below $104,000 after briefly rising above $106,000, as traders weighed Trump’s proposed $2,000 “tariff dividend” stimulus, ongoing government reopening, and key technical levels near $99,000 support and $109,000–$111,000 resistance.
Ethereum Foundation President Aya Miyaguchi sat down with UNICEF innovation unit builder and Giga founder Christopher Fabian and talked about how the UN’s Children Fund came to embrace crypto and the blockchain.
Bill Dudley, the former chief of the New York Fed, warned against holding Bitcoin as a reserve and urged a focus on regulation. Dudley criticized a proposed federal Bitcoin (BTC) reserve championed by Donald Trump during his presidential campaign. In…
Bhutan, the Himalayan kingdom renowned for its happiness index, has seen its Bitcoin holdings surge to over $1 billion as the crypto market rallies. Arkham, in data shared via X on Nov. 11, revealed that the Royal Government of Bhutan’s…
Government-held Bitcoin reserves highlight the significant influence of state actions on crypto markets, potentially shaping future digital finance regulations. The post Bitcoin held by governments near $33 billion mark appeared first on Crypto Briefing.
Bitcoin's inability to surpass $60,000 despite reduced selling pressure from Germany highlights ongoing market volatility and external influences. The post Bitcoin struggles to break key level amid easing selling pressure from German government appeared first on Crypto Briefing.