SBF-Associated Token Delisted from Korean Exchanges

Serum (SRM), one of loudest cryptocurrencies aggressively promoted by Sam Bankman-Fried, now removed from Korean exchanges

159 +

7 Leading Exchanges Raided By Korean Prosecutors In Connection To Terra Fraud Inquest

On Wednesday, a team of South Korean investigators raided the offices of seven domestic crypto exchanges as part of an ongoing probe into the fall of Terraform Labs’ dual tokens LUNA and TerraUSD (UST) according to a report in a local media outlet.

201 +

Korean crypto exchanges could soon face fines for gaps in due diligence measures

South Korean financial regulators are developing a penalty regime for Anti-Money Laundering and Know Your Customer violations by cryptocurrency exchanges.

204 +

South Korean Crypto Transactions Command an Average of $7 Billion per Day on Domestic Exchanges

An investigation unveiled a growing fever among crypto traders in South Korea, who actively transact cryptocurrencies every day. Local media outlets are returning to adopt the term “crypto fever” as the recent billion-dollar figures confirm such a trend.

114 +

ProBit Exchange Lists EXGold (EXG) | Gold For The Digital Age

EXGold (EXG) has officially listed their token EXG on ProBit Exchange as the digital gold solution solidifies their partnership networks with one of the top South Korean exchanges and its global demographics.

120 +

Is South Korea Returning?

208 +

South Korean Financial Regulator Confirms Privacy Coin Delistings- Adds New Guidelines to Report Unusual Transactions

South Korean financial watchdogs are about to start overseeing crypto-related activities in the nation, and additional barriers for exchanges keep appearing. Moreover, one of the South Korean regulatory bodies codified the measures announced last year on privacy coin listings.

204 +

South Korean Court Orders Bithumb to Compensate Users for an Accidental BTC Withdrawal Case in 2018

A South Korean court ordered one of the biggest domestic crypto exchanges to compensate victims of an “accidental withdrawal” incident in 2018. Bithumb has been ordered to pay customers who withdrew their bitcoin funds to an unknown wallet.

113 +

Stablecoin Reserves on Exchanges Hit New All-Time High: Cryptoquant

According to Korean on-chain data vendor CryptoQuant, centralized exchanges see massive inflow of stablecoins amidst falling Bitcoin (BTC) and Ethereum (ETH)

183 +

Bithumb CEO Predicts Only Four to Seven South Korean Crypto Exchanges Will Survive New Rules

The CEO of the South Korean cryptocurrency exchange Bithumb has made some predictions regarding the upcoming new rules governing the national industry. In fact, the executive believes there will only be between four and seven exchanges surviving the new regulation.

209 +

Another $84M deposit begs the question: Why are Bitcoin whales in Korea selling?

Bitcoin whales are depositing large amounts of Bitcoin into South Korean exchanges as BTC continues to rally.

219 +

Binance gives up on trying to conquer the Korean market

Binance has been one of the biggest crypto exchanges in the world for years, now. The platform constantly worked on expanding its ecosystem, either by adding new services, or by expanding its physical presence via new subsidiaries.

252 +

Bithumb Review 2021 – Legit Place To Buy Bitcoins?

Non-western exchanges are somewhat of a taboo topic in the world of cryptocurrency. The fall of the Japanese-based Mt. Gox and the recent clampdowns on crypto-trading by Chinese, Indian and Korean governments made the average user think twice before doing his business outside of USA/Europe.

266 +

South Korean government to delay crypto tax rules by three months

Following lobbying by the Korean Blockchain Association, crypto exchanges have extra time to implement a new tax infrastructure.

154 +

Rumors: Huobi Discusses Buying South Korean Largest Crypto Exchange Bithumb

Huobi hopes to enter the South Korean and Japanese cryptocurrency markets through the purchase of major crypto exchanges.

169 +

Huobi Plans Takeover of Major Japanese and South Korean Crypto Exchanges

Huobi, China’s largest crypto trading desk Huobi is reportedly pursuing an aggressive globalization agenda that involves the acquisition of major crypto exchanges across Asia. Huobi Eyes bitFlyer and Bithumb Acquisition According to an exclusive report by Chinese crypto news source @WuBlockchain, Huobi is set to purchase major Asian crypto exchanges bitFlyer and Bithumb.

272 +

South Korean Regulators to Bar Crypto Exchanges from Handling Privacy Coins

From March 2021, cryptocurrency exchanges and virtual currency providers in South Korea will be barred from handling “dark” coins and assets that heighten money laundering risks, the country’s main regulator, the Financial Services Commission (FSC), in a notice on Nov 3, said.

229 +

South Korean financial watchdog will ban privacy coins from exchanges

Virtual asset service providers in the country will not be allowed to handle “dark coins.”

247 +

South Korean court freezes Bithumb investor’s shares

The news comes after South Korean police conducted two consecutive seizures in a matter of a week. Bithumb is among the biggest cryptocurrency exchanges in South Korea. Though its customers have started to worry about using the platform for trading and storing their digital assets due to privacy reasons.

240 +

This is Only the Testament of How ‘Powerful’ Bitcoin is: Galaxy Digital CEO Mike Novogratz

After two weeks, Bitcoin finally jumped above $12,000 on the first day of September but again failed to hold onto its position. Today, BTC/USD dropped to $11,155, which could be on the back of the news of South Korean authorities seizing one of the country's biggest crypto exchanges, Bithumb, for a $25 million token sale […] The post This is Only the Testament of How 'Powerful' Bitcoin is: Galaxy Digital CEO Mike Novogratz first appeared on BitcoinExchangeGuide.

274 +

US Department of Justice Working on Seizing 280 Crypto Accounts

The US government is looking to seize 280 cryptocurrency accounts that were used by North Korean hackers who reportedly stole millions of dollars of digital assets from two crypto exchanges. A civil forfeiture complaint is filed by the US Department of Justice.

325 +

В США планируют конфисковать криптовалюты с аккаунтов, связанных с КНДР

Министерство юстиции США подало иск о гражданской конфискации средств с 280 криптовалютных аккаунтов. Ведомство связывает их со взломами, осуществленными хакерами из КНДР. United States Files Complaint to Forfeit 280 Cryptocurrency Accounts Tied to Hacks of Two Exchanges by North Korean Actors https://t.

315 +

US authorities go after 280 crypto accounts allegedly tied to North Korea

Two Chinese crypto exchanges allegedly lost millions of dollars to North Korean hackers.

297 +

Police Raid Major Korean Crypto Exchange

South Korean police raided the offices of Coinbit, one of the country’s major crypto exchanges. Insiders leaked that the exchange manipulated 99% of its trade volume and police also accused the management of fraud.

152 +

Korean Exchanges Struggle With Expansion Amid Uncertain Regulations

Cryptocurrency exchanges in Korea shrink within national boundaries due to lack of regulatory clarity.

130 +

South Korean Police on the Hunt for Ethereum Crime Ring Masterminds

The Seoul Metropolitan Police seize two unnamed local crypto exchanges in an effort to dismantle an ETH-related crime ring.

163 +

Bithumb Global Reflects On Its Journey As It Celebrates First Anniversary

Today, South Korean cryptocurrency exchange Bithumb Global celebrates its first anniversary as it continues to meet the ever-increasing demand for digital assets. Established in 2019 during the boom period in the cryptocurrency industry, Bithumb Global has quickly established itself as one of the leading digital asset exchanges in the world by reported trading volume.

341 +

Anonymous Crypto Payments Cause Problems for South Korean Child Porn Case

IT experts believe that South Korean authorities could not track the crypto payments made from overseas exchanges

208 +

Crypto Exchange ProBit Retains #5 Rank in Korea as PROB Continues to Rocket to New Highs

ProBit Exchange further secured its #5 slot among Korean exchanges through a massive increase of 726,010 users from February to March and one of the key elements behind this consistent development has been the steady increase of PROB token holders.

213 +

140.4 Mln XRP Moved in South Korea as XRP Holds at $0.16

Mammoth-sized amounts of XRP have been moved by South Korean crypto exchanges and anonymous wallets over last 24 hours

166 +

Nearly 90 Mln XRP Moved by South Korean Exchanges Amid COVID-19 Spread

While Bitcoin is in the green zone and XRP is up over 6 percent, activity with the third biggest coin is on the rise as almost 90 mln XRP was moved by Korean exchanges

118 +

South Korean Crypto Exchanges Aid Police in Child Porn Investigation

South Korea’s four major cryptocurrency exchanges, Upbit, Bithumb, Coinone, and Korbit, reportedly stated that they would support the local police in investigating the so-called “nth rooms” phenomenon, which turned into a nation-wide scandal.

356 +

Revenues of South Korean crypto exchanges collapse by more than 50%

The revenue of the two largest cryptocurrency exchanges in South Korea, UPBit and Bithumb, fell more than 50%. Demand for cryptocurrencies in the country has recently fallen sharply.

140 +

ProBit Exchange Now Top 5 Korean Crypto Exchange with Trade Mining Rebates Ahead of Official Crypto Legalization

ProBit Exchange welcomes the South Korean government act to legalize and regulate crypto. This decision will further solidify the current pioneers in the cryptocurrency exchange market as it will equalize the regulatory standing of Korean crypto exchanges.

197 +

South Korean Lawmakers Greenlight Strict Crypto AML Bill

South Korean lawmakers voted to place tough new requirements on cryptocurrency exchanges, adding legitimacy to the country’s sprawling crypto economy – and potentially triggering a market consolidation.

134 +

South Korean exchanges' delisting spree may be blessing in disguise

Bitcoin was the only cryptocurrency back in 2009. Today, there are a total of 5,164 cryptocurrencies. To say that the cryptocurrency market has grown is, therefore, an understatement. With new coinThe post South Korean exchanges' delisting spree may be blessing in disguise appeared first on AMBCrypto.

223 +

Bithumb Signs MoU With BitMax To Expand Cryptocurrency Services In The Global Market

South Korean cryptocurrency exchange, Bithumb enters into a strategic partnership with BitMax, a Singapore based exchange founded in 2018. According to the official announcement, the partnership aims to boost the development of blockchain and crypto solution across the industry with a key focus on liquidity on exchanges.

191 +

Two Asian Crypto Exchange Giants Partner to Expand Global Reach

South Korean crypto exchange Bithumb has announced a strategic partnership with Singapore-based exchange, Bitmax. io. This move will create new opportunities to reach global traders and investors.

148 +

Kaspersky: Lazarus Hackers To Steal Crypto Using Telegram in ‘Operation AppleJesus Sequel’

The Moscow-based cybersecurity firm Kaspersky has informed cryptocurrency users that North Korean hackers have developed new ways of delivering malware through Telegram. Kaspersky has been looking at the latest attacks of the Lazarus Group, a North Korea-related cybercrime organization that has also conducted the AppleJesus attack on some of the most important crypto exchanges in […]

231 +

2,000 Ethereum moved by Upbit hacker to unknown wallet

Upbit, a South Korean exchange woke up to a major hack on 27 November, resulting in the loss of $51.7 million worth of Ethereum. Ever since the hack, many exchanges came forward to freeze the movementThe post 2,000 Ethereum moved by Upbit hacker to unknown wallet appeared first on AMBCrypto.

197 +

Binance Commits to Freezing Stolen Upbit Funds After $50M Hack

South Korean cryptocurrency exchange Upbit has reportedly been hacked for around $50M worth of Ethereum (ETH). Binance and other exchanges have stepped up to stop the assets from being sold off. It has been reported that Upbit, one of the leading South Korean exchanges, has suffered a serious hack.

287 +

Upbit Reports ‘Irregular Withdrawal’ of $51 Million in Ethereum

Upbit, one of the ‘big four’ South Korean crypto exchanges has reported an irregular 342,000 Ethereum (ETH) withdrawal from its wallet. While details remain sketchy as to the nature of the withdrawal, the platform says it will cover the amount from its corporate funds.

208 +

Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack

South Korea’s biggest cryptocurrency exchanges has revealed a sizable hack. 342,000 ETH… The post Korean Crypto Exchange Upbit Suffers $50 Million ETH Hot Wallet Hack appeared first on CCN.com

140 +

South Korean Committee Passes Bill Enforcing FATF Crypto Rules

South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task Force.

231 +

South Korea Takes Legal Step to Stamp Out Unregistered Crypto Exchanges

A legal amendment to an act addressing the South Korean crypto industry would criminalize unregistered exchanges, but has loosened other requirements.

124 +

South Korean Crypto Exchange CEO Jailed For 16 Years

Senior executives at a South Korean crypto exchange have been indicted in connection with a $386 million investment fraud. The news marks yet another drastic action taken by authorities in the country against cryptocurrency exchanges.

295 +

Big Crypto Exchanges Join Kakao’s Blockchain Division

Malta-based crypto asset exchange OKEx is the latest name to join the blockchain project of the Korean social messaging giant Kakao. OKEx said in a press release that it hopes its involvement with Klaytn, as the public network is called, will help encourage blockchain adoption around the world.

196 +

An Original Korean Crypto Exchange And Wallet, Coinplug, Sees Renewed Interest From Major Banks

South Korea’s major local bank invested in the country’s earliest bitcoin exchanges, Coinplug. As per information, Coinplug has raised 7. 5 billion Won from KB Investment, a venture arm of KB Financial Group.

277 +

Upbit Operator Dunamu to Build OTC Stock Platform

The operator of the Upbit exchange extends into another area of trading. Dunamu, the firm behind one of the leading South Korean exchanges, will launch an OTC platform for unlisted stocks. Dunamu Aggregates Data, Trading for Unlisted OTC Stocks Dunamu will open a platform to host all types of unlisted stocks, reported The Korea Herald.

184 +