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Bithumb Lowers Theft Estimate – Will Fully Repay Customers Despite Deficient Insurance
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 01:40 | |
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Fourth Industrial Revolution: US & South Korea to Strengthen Joint Cooperation Efforts
The US State Department and South Korea’s Ministry of Science and Technology (MSIT) have resolved to strengthen the two countries’ cooperation in advancing the Fourth Industrial Revolution, at a press conference held in Seoul today, June 22. дальше »
2018-6-23 22:22 | |
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US and South Korea to Strengthen Joint Cooperation on Fourth Industrial Revolution
US and Korea resolve to strengthen cooperation in advancing the Fourth Industrial Revolution, enlisting pro-blockchain tech giants Samsung and Microsoft to their efforts
дальше »2018-6-23 20:15 | |
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Mount Cox Granter’s legal success: “Massive Assets” should be withdrawn
The Rise of Trading Bots in South Korea Most people will know by now that South Korea plays a critical role in the world of cryptocurrency. One of the more interesting trends over the past few months has been the increase in the number of cryptocurrency trading bots. Though it’s not unexpected by any means, automatic дальше »
2018-6-22 18:59 | |
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Korean Government to Lead 6 Blockchain Pilots With $9 Million Finance
The South Korean government will invest 10 billion Korean won (or $9 million) to support blockchain development in the country, with plans to carry out six pilots using blockchain technology. According to a report from CoinDesk Korea, the country’s Ministry of Science and ICT published a blockchain development strategy on Thursday. The agency said the government plans to дальше »
2018-6-22 11:53 | |
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Korea begins probe into crypto-currency hacking attacks
Regulation Following the alleged hacks of South Korean crypto exchanges, the government has formally launched an investigation into the cause of the hacks. Japan Confirms Entrance Into the Crypto Space Government’s Response The South Korean government announced on Wednesday, June 20, that it has formally launched an investigation into the cause of the alleged security дальше »
2018-6-22 09:11 | |
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South Korea’s Cryptocurrency Industry Sees a Growing Number of Trading Bots
Trading bots have been playing an increasingly important role in the world of cryptocurrency. That in itself is a very positive development, although it may lead to a lot more speculation and volatility. дальше »
2018-6-22 03:00 | |
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South Korean Government Investing $207 Million Into Blockchain Technology
South Korea’s Ministry of Science and ICT has announced a new Blockchain Technology Development Strategy, The News Asia reports. The strategy will include a 230 billion Won (~207 million USD) investment by the Korean government into developing blockchain technology. дальше »
2018-6-23 00:26 | |
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Bank of Korea Denies Plans for Launching a Cryptocurrency
The Bank of Korea (BOK) on Monday argued against the issue of digital currencies by the central bank in a recent report. The bank said that launching its own central bank digital currency (CBDC) will raise the basic mechanisms of its monetary policy and make open market operations more complex. дальше »
2018-6-21 20:02 | |
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Bithumb Hack:Exchange promises to Reimburse All Users
South Korea’s largest cryptocurrency exchange, Bithumb, has confirmed that it indeed lost 35 billion won ($ 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 | |
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Bitcoin’s Upside Price Potential Could Stop With New Resistance
Furthermore, bitcoin refused to embrace the negative narrative on Wednesday after the $31 million hack of South Korea’s Bithumb exchange, indicating that the sellers are likely running dry. Despite all this, though, the cryptocurrency has struggled to find acceptance above $6,800 in the last 72 hours, as seen in the chart below. A drop below $6,550 would дальше »
2018-6-21 18:27 | |
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$ 6,800 ceiling? New anti-shield Bitcoin’s Corrective Rally
Bitcoin rose to a six-day high of $6,580 on Monday on Bitfinex, adding credence to indications that the cryptocurrency could be in for a relief rally. Furthermore, bitcoin refused to embrace the negative narrative on Wednesday after the $31 million hack of South Korea’s Bithumb exchange, indicating that the sellers are likely running dry. Despite all this, дальше »
2018-6-21 16:19 | |
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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 | |
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Still Many Unknowns After $30,000,000 Stolen From Bithumb
South Korea’s biggest cryptocurrency exchange Bithumb is scrambling to protect users funds after a large scale hack. Bithumb has already assured customers affected by the hack will be compensated for their losses. дальше »
2018-6-21 02:16 | |
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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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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 | |
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Ripple VP Announces South Korea Will Become A Crypto Power House
Hailed as one of the fastest growing markets in the world, South Korea has had many international companies set its sights on expanding its Asian outputs further into the area. This was emphasised even further by Ripple’s VP, Eric van Miltenburg, who called for South Korea to relax its laws concerning cryptocurrency. дальше »
2018-6-21 23:00 | |
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Why South Korea still matters to crypto
With China to its west and Japan to its east, South Korea is surrounded by economic giants, but nonetheless remains a pivotal influence on the global cryptocurrency markets — for reasons that are not immediately apparent to most external observers дальше »
2018-6-20 22:07 | |
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South Korean Bithumb Exchange Loses $30M in Latest Cryptocurrency Hack
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 »
2018-6-20 20:25 | |
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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 | |
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Bithumb stocks $31 Million Hack: What We Know (And Don’t Know)
On Wednesday, roughly 35 billion Korean won (around $31 million) in cryptocurrency was stolen by hackers from the South Korea-based exchange Bithumb. According to a follow-up report from CoinDesk Korea, Bithumb conducted a security enhancement checkup on June 16, just days before the confirmed hack. дальше »
2018-6-20 15:34 | |
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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 | |
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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 »
2018-6-20 13:29 | |
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Bithumb Hacked- $30 million dollars worth cryptocurrencies stolen
The world’s sixth largest cryptocurrency exchange based out of South Korea, Bithumb has announced on 19th of June that their platform has been hacked and cryptocurrencies to the tune of $ 30 million have been stolen. дальше »
2018-6-20 11:54 | |
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Major Korean Crypto Exchange: $31 Million Vanishes
Bithumb, South Korea’s largest crypto exchange announced on its website that between Tuesday evening and Wednesday morning, Korean time, 35 billion won (about 31. 5 million USD) worth of cryptocurrencies vanished. дальше »
2018-6-20 09:20 | |
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Hackers have breached the sixth largest exchange in the world Bithumb
Hackers have stolen cryptocurrencies worth $30 million from South Korea’s leading virtual currency exchange Bithumb, Cointelegraph Japan reported June 19. According to CoinMarketCap, Bithumb’s 24-hour trade volume at press time is over $374 million, the world’s sixth largest. дальше »
2018-6-20 08:48 | |
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Singapore, Hong Kong, and South Korea will be welcoming Ubcoin Market in near future
Currently, the project has offices in Russia and also represented in the United Arab Emirates. In the future, these teams will also be responsible for liaising with partners from other Asian countries. дальше »
2018-6-20 08:41 | |
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Crypto Markets Lose $10 Billion as Altcoins Predictably Plummet on Exchange Hack Story
FOMO Moments Markets have dopped, altcoins getting hit hardest are Iota, Dash, Qtum and Bytecoin. What appeared to be signs of a rebound over the past day have been quashed this morning when news broke that Korea’s second largest exchange Bithumb had been hacked. дальше »
2018-6-20 08:21 | |
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After a $31 Million Hack Crypto Exchange Bithumb Has Stopped Its Services
Bithumb, one of the largest cryptocurrency exchange in South Korea by trading volume, is halting asset deposit and withdrawal services after a hack that has stolen 35 billion won (or $31 million) worth of cryptos from the platform. дальше »
2018-6-20 07:02 | |
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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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Korean Crypto Exchange Unveils Plan to Restart Despite Hackings and Controversies
Exchanges South Korean cryptocurrency exchange Coinrail has unveiled its plan to resume service despite surrounding controversies. The exchange reportedly removed a key part of its terms of service right before it was allegedly hacked, arousing suspicions. дальше »
2018-6-20 21:31 | |
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Hacked Korean Crypto Exchange Unveils Plan to Restart Service Amid Controversies
South Korean cryptocurrency exchange Coinrail has unveiled its plan to resume service despite surrounding controversies. The exchange reportedly removed a key part of its terms of service right before it was allegedly hacked, arousing suspicions. дальше »
2018-6-20 18:10 | |
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ЦБ Кореи: национальная криптовалюта может нанести «моральный вред»
Центральный банк Южной Кореи (Bank of Korea, BOK) не намерен запускать государственную криптовалюту. Причина кроется в боязне дестабилизировать рыночный порядок страны. В ЦБ уверены, что создание государственной цифровой валюты может нанести обществу «моральный вред». дальше »
2018-6-19 13:32 | |
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U.S. Executive Branch Employees to Disclose Crypto Holdings, French ICO Regulations Coming by 2019
In recent regulatory news, the United States Office of Government Ethics has issued a document advising employees of the U. S. executive branch to disclose their cryptocurrency holdings. In other news, Bank of Korea has rejected the notion of central bank-issued digital currencies, Crypto Finance AG has received licensing from the Swiss Financial Market Supervisory Authority […] The post U. дальше »
2018-6-19 12:10 | |
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U.S. Executive Branch Employees to Disclose Crypto Holdings, French ICO Regulations Coming
In recent regulatory news, the United States Office of Government Ethics has issued a document advising employees of the U. S. executive branch to disclose their cryptocurrency holdings. In other news, Bank of Korea has rejected the notion of central bank-issued digital currencies, Crypto Finance AG has received licensing from the Swiss Financial Market Supervisory Authority […] The post U. дальше »
2018-6-19 12:10 | |
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Революция будет, но не сейчас: Южная Корея отказалась от выпуска собственной криптовалюты
Центральный банк Южной Кореи (BoK) выступил против идеи запуска собственной криптовалюты (CBDC), которая, по мнению регулятора, может снизить эффективность традиционных инструментов денежно-кредитной политики. дальше »
2018-6-19 10:52 | |
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ЦБ Южной Кореи: Эмитирование собственной криптовалюты может навредить экономике
Центральный банк Южной Кореи сообщил, что не планирует эмитировать собственную цифровую валюту из-за боязни дестабилизировать экономику. Согласно статье издания The Korea Times, вышедшей в понедельник, Банк Кореи сообщил, что эмиссия цифровой валюты может повлечь «моральный вред» путем негативного воздействия на монетарную политику и способ ее реализации, а также, возможно, вызвать нестабильность на рынке, поскольку этот тип […] Запись ЦБ Южной Кореи: Эмитирование собственной криптовалюты может навредить экономике впервые появилась Криптовалюта.Tech. дальше »
2018-6-19 07:32 | |
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Central Bank of Korea: “Digital Currencies Don’t Perform as Money”
In a report released today by the Korean Times, The Bank of Korea (BOK), the country’s central bank, issued a statement saying that they oppose the idea of issuing a central bank digital currency (CBDC). дальше »
2018-6-23 06:52 | |
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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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Direct Security: Rough Chain at the Prevention Korea Conference of 2018
Ruff Chain recognized this and started working on it four years ago. “When a company intends to build a blockchain, the first question they encounter is ‘what consensus mechanisms should be employed?’. дальше »
2018-6-18 12:53 | |
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