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South Korean cryptocurrency exchanges pool data to counter money launderers

Laundering funds with cryptocurrencies in South Korea could soon become a thing of the past if four of the country’s exchanges have their way. According to a local media report, Bithumb, Upbit, Corbit and Coinone have cobbled together to share ‘real-time’ wallet information on any suspicious activity linked to phishing attempts and pyramid schemes. дальше »

2019-1-28 20:10


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Second Biggest Bitcoin Exchange Bithumb Seeks IPO Backdoor

South Korean cryptocurrency exchange Bithumb is looking to go public in the United States — a first for a major cryptocurrency exchange.   Bithumb Seeks Backdoor IPO Bithumb, the world’s second largest cryptocurrency exchange my volume, is reportedly planning on forgoing an Initial Public Offering (IPO) and garnering admission as a publically-listed company in the United States by way of a reverse merger. дальше »

2019-1-25 10:00


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Report: Huobi Overtakes Binance and OKEx in Commission Earnings

Cryptocurrency exchange Huobi has reportedly raked in a total of $483 million in commissions throughout 2018, more that the top two exchange by volume Binance and OKEx.   Half a Billion in Trading Fees According to a recent report by Korean media Sporbiz, China-based cryptocurrency exchange Huobi has raked in a total of $483 million USD in commissions throughout 2018. дальше »

2019-1-25 00:00


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Your Move Apple: Samsung Galaxy S10 Leak Reveals ‘Keystore’ Crypto Wallet

Korean electronics manufacturer Samsung has appeared to expand its faith in cryptocurrency by adding wallet and storage features for its upcoming Galaxy S10 smartphone. Ex-Central Banker: Manufacturers Risk ‘Falling Behind’ Leaks of renders of the S10 circulating on social media this week show shots of the new feature, which Samsung has called ‘KeyStore. дальше »

2019-1-24 18:00


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CoinZest Airdrop Event Goes Wrong, Customers Receive $5.3 Million Worth of Crypto

CoinZest,  a South Korean cryptocurrency exchange has been left with no choice but to roll back all transactions on its servers after it mistakenly airdropped bitcoin and altcoins amounting to $5. 3 million to its clients, instead of the intended We Game tokens (WGT), according to local news source, CoindeskKorea on January 19, 2019. дальше »

2019-1-23 14:00


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Top Officials at Two Korean Cryptocurrency Exchanges Face Fraud Indictments

Several of South Korea’s top crypto exchanges have found themselves in hot water, with executives at a couple of exchanges facing criminal charges and jail time. According to a news report on the Korean website Blockinpress, the CEO of Komid, a Korean crypto exchange, has received a three-year prison sentence for committing fraud against investors by artificially inflating the exchange’s actual trading volume. дальше »

2019-1-23 00:57


S. Korean Exchange Accidentally Sends $5 Million Worth of Bitcoin (BTC) In Error During Airdrop

An airdrop mishap worth $5 Million in Bitcoin (BTC) and other cryptocurrencies was sent to customers of the South Korean exchange of CoinZest. The exchange was meant to send an airdrop of We Game Tokens (WGT) but a computer error resulted in users not only getting BTC and other cryptocurrencies, but deposits in the fiat […] The post S. дальше »

2019-1-22 16:46


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Only 7 out of 21 Crypto Exchanges Pass South Korean Government Audit

The South Korean Government recently conducted a security audit on 21 Cryptocurrency exchanges and according to a local news story published on January 10, 2019, only seven of them passed the audit. The audit took place between September and December 2018 and out of the 21 surveyed, Bithumb, Coinone, and Korbit, along with four others, made the grade. дальше »

2019-1-13 10:00


Bitcoin Price Analysis: BTC Slide 6.1%, Bull Party Over?

Bitcoin price drop 6. 1 percent after testing $4,100 Korean authorities approve seven exchanges compliant with their security measures The slide below $4,000 at the back of high transaction volumes After today’s losses, subsequent price action would determine whether BTC is within a necessary bull squeeze or the retest of $4,100 marked the beginning of bear. дальше »

2019-1-10 18:00


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South Korean government gives tax break to blockchain trailblazers

The South Korean government is giving the blockchain industry a tax break in a bid to help foster innovation in decentralized technologies. The Ministry of Strategy and Finance has announced that blockchain will be included in its amendments to 2018 tax law, which sees companies receive benefits for innovating with certain technologies, reports The News Asia. дальше »

2019-1-10 17:26


New Financial Channel Report Details Why 70% of South Korean Crypto Miners Shut Down Operations in 2018

A report released by CCTV—2, the Chinese owned Financial Channel television station indicates that the bear market may have had a significant toll on local miners than initially anticipated. The state-owned broadcaster has just released a report which seeks to document the effects of the 2018 bear market on the local crypto miners. The report […] дальше »

2019-1-4 20:20