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U.S. House Financial Services Committee Will Discuss if Cryptocurrencies are ‘The Future of Money’ Next Week
The U. S. House of Representatives Financial Services Committee announced today, July 12th, that it will be hosting a hearing titled “The Future of Money: Digital Currency” next Wednesday, July 18th. дальше »
2018-7-13 01:41 | |
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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 | |
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South Korean MLAs work for Fast Track Cryptocarvoicity and Blackhorn Regulations
A report published on Wednesday, July 11, by The Korea Times suggests that South Korean legislators are all set to submit the draft bills to regulate the country’s cryptocurrency, blockchain and ICO markets. дальше »
2018-7-12 11:04 | |
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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 | |
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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 | |
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South Korean Central Banks Own Nearly $2 Billion Worth In Crypto Assets Portfolio
It seems that the adaption for banks to be more accepting of cryptocurrency has taken their regulations a step further, joining in on these investments themselves. The central bank of South Korea has recently found success, reporting that local commercial banks had won $1. дальше »
2018-7-9 10:44 | |
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Kingdom Trust Crypto Custodian Service Adds Zcash (ZEC) & Stellar (XLM)
South Dakota Based Kingdom Trust Adds Zcash And Stellar Lumens to their list of crypto investments Zcash (ZEC) and Stellar Lumens (XLM) have recently been added to the list of acceptable cryptocurrency investments on Kingdom Trust’s platform. дальше »
2018-7-8 22:41 | |
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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 | |
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Biggest Mileage System in Korea OKCashBag With 35 Million Users Will Use Cryptocurrency
OKCashBag, the biggest mileage and membership system in South Korea operated by SK – the country’s largest telecommunications conglomerate– is preparing to integrate major digital assets to incentivize users with cryptocurrency. дальше »
2018-7-3 18:00 | |
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Bitcoin Falls Underneath $5900 to Wrap Up a Melancholy 2018 To begin with Half – Bloomberg
The digital currency slid to about $5,861 early Friday, according to composite Bloomberg pricing, touching the lowest since November. Rival coins including Ethereum, Ripple and Litecoin also retreated. дальше »
2018-6-29 11:52 | |
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Bitcoin ATM to Make Crypto-Cash Exchanges Easier for South African Investors
South Africa is by far one of the friendliest countries in the world when it comes to cryptocurrency trading. As more and more South Africans are willing to dive into the rapidly expanding homegrown digital asset market, the country is all set to get a fully functional Bitcoin ATM. дальше »
2018-6-29 10:59 | |
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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 | |
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DOJ, U.S. Agencies Seize Over $12M Bitcoin in a Slew of Dark Web Busts
The U. S. Department of Justice, in cooperation with the Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), the Secret Service (USSS), the Postal Inspection Service (USPIS) and the Drug Enforcement Administration (DEA), have apprehended more than 35 dark web drugs and arms dealers in a nation-wide bust. дальше »
2018-6-27 20:26 | |
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Cryptos Are Neither Currencies nor Securities, SARB Deputy Governor Says
Francois E. Groepe, deputy governor of the South African Reserve Bank (SARB), said that it does not consider digital coins securities or currencies. He suggested that SARB does not prefer to use the term “cryptocurrency. дальше »
2018-6-27 16:19 | |
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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 | |
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Bithumb Expects Actual Losses to Be Lower, Promises Reimbursement to Affected Clients
Earlier this week, the cryptocurrency community was once again dumbfounded when millions of dollars worth of digital coins went missing as hackers successfully breached Bithumb, which is South Korea’s biggest crypto exchange. дальше »
2018-6-25 19:42 | |
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Digital currencies don’t perform as money – Bank of Korea
On Monday, the Bank of Korea [BOK] said that it has no plans of issuing Central Bank Digital Currency [CBDC] fearing ‘moral hazard to society’. The BOK is the central bank of the Republic of Korea, and is the sole authority that can issue the South Korean won. дальше »
2018-6-21 00:28 | |
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Bithumb loses $30 million in cryptos to thieves, alerts against entering passwords!
South Korean cryptocurrency exchange, Bithumb lost over $30 million earlier today. The exchange has confirmed about the theft earlier this morning. It is believed to be a case of a cryptocurrency hack. дальше »
2018-6-20 21:28 | |
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Kenya Has Its First Bitcoin ATM
The first Bitcoin ATM has been installed in Nairobi, making it the first in East Africa, which makes it possible to purchase Bitcoins and Litecoins instantly. The traders can purchase the cryptocurrencies for as little as $5, and they can pay for them in both dollars and Kenya shillings. дальше »
2018-6-20 13:30 | |
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Bank of Korea Not Yet Ready for a Central Bank Digital Currency
Following an earlier announcement that South Korea was considering the introduction of a Central Bank Digital Currency (CBDC), the country’s central bank has since pulled the plug on the idea — with regulatory roadblocks and fears of market destabilization ranking amongst the leading reasons for the recall. дальше »
2018-6-20 03:00 | |
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South Korea’s Central Bank Opposes Issuing a Central Bank Digital Currency
South Korea’s central bank has said that it opposes the idea of issuing a central bank digital currency (CBDC). The news comes from the Bank of Korea’s (BOK’s) report about coins and the crypto-ecosystem, which looked at the possibility of issuing a CBDC and also how digital currencies might influence Korea’s financial sector as a. дальше »
2018-6-19 01:00 | |
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The ‘Moral Hazard’ of Centralized Cryptocurrencies according to the Bank of Korea
South Korea’s central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy. According to The Korea Times on Monday, the BoK said that issuing a central bank digital currency (CBDC) could pose a “moral hazard” by adversely affecting monetary policy and its implementation, and possibly дальше »
2018-6-19 23:06 | |
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Bitcoin in Brief Saturday: Coins for Drivers, Prisoners, and Conservationists
Today’s Bitcoin in Brief features several examples of digital coins entering all spheres of life. A leading German auto manufacturer has revealed its cars may soon be fitted with onboard cryptocurrency wallets. дальше »
2018-6-16 15:36 | |
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Bitcoin Magazine’s Week in Review: Looking Back to See the Way Ahead
It’s been a turbulent time for the cryptocurrency markets, so now is a good time to reflect on how and why we got here in the first place. First, an op ed makes the ideological case for Bitcoin. дальше »
2018-6-16 04:35 | |
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South Korean Exchange Coinrail Hacked, $40 Million in Crypto Reported Stolen
South Korean cryptocurrency exchange Coinrail reported a hack on its website during the early morning hours of June 10, 2018. The thieves allegedly made off with over $40 million worth of altcoins and assorted tokens. дальше »
2018-6-12 23:18 | |
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Ripple VP Calls for More Cryptocurrency Friendly Regulations in South Korea
Eric van Miltenburg, the Senior VP of Ripple, believes that South Korea needs to relax some of its more stringent cryptocurrency laws. He made his views known in a recent phone chat with The Korea Times. дальше »
2018-6-11 08:00 | |
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