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Crypto Cybercrime Has Tripled Since 2017; Nearly $1 Billion Lost in 2018
Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They don’t employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018. дальше »
2018-10-13 23:34 | |
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Bithumb Purchased By Investment Group
After a turbulent year for Bithumb, a Singapore-based consortium has purchased the Korean exchange.
дальше »2018-10-13 19:42 | |
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Superstar plastic surgeon buys major South Korean cryptocurrency exchange
Just weeks before regulators decide the fate of domestic initial coin offerings (ICOs), one of South Korea’s largest cryptocurrency exchanges is changing hands. A consortium led by a superstar plastic surgeon has just bought a controlling stake in Bithumb for $353 million. дальше »
2018-10-12 13:54 | |
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South Korean Exchange Bithumb Sells To Singapore Investor For $353 Million
Bithumb, South Korea’s largest cryptocurrency exchange by volume, has sold to a Singapore entity with the aim of releasing new services and stablecoins. Officials Finalize Majority Stake Deal As Korean news outlet Naver reports October 12, BK Global Consortium paid 400 million won ($353 million) for a majority stake in Bithumb, having previously held a minority position in the company. дальше »
2018-10-12 10:30 | |
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South Korean Government to Decide on Cryptocurrency ICO Legalization in November
A South Korean official has said that the government is likely to announce its official stance on cryptocurrency ICOs in November. This statement was made during a National Assembly audit on Wednesday. дальше »
2018-10-12 10:16 | |
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South Korea Mulls Over Reversing Ban on ICOs
South Korean legislators are planning to chase the road to clear their stance on Initial Coin Offerings (ICO) in November this year. Despite the government’s on-again-off-again relationship with cryptocurrencies, a National Assembly committee has mooted to revamp the cryptocurrency policies in the country on October 10, 2018. дальше »
2018-10-12 09:00 | |
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Largest South Korean Exchange Launches Crypto Market Indices
The largest crypto exchange in South Korea by trading volume, Bithumb, has launched two cryptocurrency market indices. One tracks all coins listed on the exchange while the other tracks only altcoins. дальше »
2018-10-12 08:25 | |
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South Korea to Take Final Decision on ICOs in November, Says Top-level Official
South Korean authorities continue discussing the possibility of reallowing ICOs within the country. The final decision is going to be revealed in November 2018. The post South Korea to Take Final Decision on ICOs in November, Says Top-level Official appeared first on CoinSpeaker. дальше »
2018-10-11 21:41 | |
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Huge User-base South Korean Startups Flock to The Blockchain
Some of the largest startups in South Korea with over 10 million users are turning to the blockchain. “Baedal Minjik,” a food delivery startup whose annual revenue surged 80 percent last year, and “Joonggonara,” a major used goods marketplace in South Korea, have shown interests in integrating the digital ledger technology. дальше »
2018-10-11 15:00 | |
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South Korean regulator warns of serious fallout if ICO ban lifts
South Korean lawmakers will decide the future of domestic initial coin offerings (ICOs) in November, but that hasn’t stopped its top financial regulator from lashing out at the cryptocurrency market one last time. дальше »
2018-10-11 13:09 | |
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Exchanges Roundup: Glen Oaks Escrow Supports Crypto, Binance to Delist 4 Altcoins
In recent news pertaining to cryptocurrency exchanges, Glen Oaks Escrow has announced that it has partnered with Bitpay to support cryptocurrency payments and Binance has revealed that it will delist bytecoin, chatcoin, iconomi and triggers next month. дальше »
2018-10-10 15:10 | |
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Korean Crypto Exchange Sued for Controversial Token Schemes
A lawsuit has reportedly been filed in South Korea against a local cryptocurrency exchange over its price-pumping schemes involving token issuance. The suit alleges that Cashierest’s token which pays dividends and rebates transaction fees to investors violates the country’s capital markets law. дальше »
2018-10-10 08:35 | |
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South Korean Messenger KakaoTalk Releases Blockchain Platform Klaytn
Ground X, the blockchain development arm of South Korean mobile platform Kakao, announced October 8, 2018, the debut of their blockchain platform “Klaytn. ” Ground X Releases Platform Alongside the actual platform, Klatyn has also released tutorials and toolkits to allow blockchain developers to leverage its tech, as well as a wallet, blockchain explorer, and BLASQ, their take on an incentivized. дальше »
2018-10-9 21:00 | |
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Ambrosus partners with Korean food producer and retailer to provide traceability for beef
CryptoNinjas Ambrosus, the globally decentralized blockchain, and IoT platform, has partnered with NDS, a subsidiary of Korean food producer Nongshim, to track and trace premium quality beef sold by food retailer Mega Mart. дальше »
2018-10-9 18:11 | |
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Kakao Blockchain Subsidiary Ground X Launches Klaytn Testnet
Ground X, the blockchain subsidiary of South Korean’s Internet firm Kakao, has announced the launch of the testnet version of Klaytn, a platform that intends to “improve the inconvenient UX of existing blockchain platforms by allowing end-users to experience blockchain technology in the most seamless way. дальше »
2018-10-9 01:20 | |
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Another DEX Announcement as Bithumb Makes Moves for Expansion
One of the largest cryptocurrency exchanges by volume has announced its plans to release a decentralized exchange (DEX). The South Korean exchange Bithumb hopes to have its decentralized exchange released by the end of October. дальше »
2018-10-8 21:54 | |
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3 Major South Korean Crypto Exchange Hacks to Date
South Korea plays an important role in the cryptocurrency world. Ever since China lost its dominant position, South Korea has become of the Asia’s biggest Bitcoin and altcoin trading hubs. That success comes with potential issues, as numerous exchanges have been hacked in the process. дальше »
2018-10-8 20:00 | |
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Total of 7 Crypto Exchanges and 158 Wallets Hacked in South Korea, Police Find
The South Korean National Police Agency has produced a report of all hacking incidents of crypto exchanges and wallets in the country during the past three years. According to local media, there were seven hacking cases of crypto exchanges and 158 cases of wallet hacks, 91 of which happened this year. дальше »
2018-10-8 21:05 | |
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South Korean Regulators Discuss Proposals for ICO Legislation
Korean lawmakers are increasingly pushing for the regulation of initial coin offerings (ICOs) with multiple bills currently pending at the National Assembly. This includes a proposed amendment to the Electronic Financial Transactions Act. дальше »
2018-10-6 08:15 | |
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South Korean Crypto Exchange Bithumb to Purportedly Set up Decentralized Subsidy
South Korea’s crypto exchange heavyweight Bithumb has announced that it was all set to launch a decentralized exchange in a bid to cater to its overseas expanding base in the coming few months, reported Business Korea on October 5, 2018. дальше »
2018-10-6 05:00 | |
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South Korean Lawmakers Call out Country’s Delay in Regulating Token Issuances and Cryptocurrencies
Pointing out the government’s delay in regulating initial coin offerings (ICOs) since a year, South Korean lawmakers called for swift regulatory action in a parliamentary forum on Oct. 2, reported Business Korea. дальше »
2018-10-5 10:00 | |
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South Korean Lawmakers Propose the Legalization of ICOs
South Korea has maintained a reasonably negative stance on cryptocurrencies and initial coin offerings (ICOs) since their blanket ban in September 2017. According to Business Korea’s article released on October 4, 2018, however, the National Assembly is looking to convince the government to remove the ICO ban as it may undermine South Korea’s future competitiveness. дальше »
2018-10-5 09:00 | |
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Bithumb Targets Early 2019 For Full Decentralized Exchange
Bithumb has partnered with One Root Network (RNT) and set its sights on a decentralized cryptocurrency exchange (DEX) early next year. The South Korean exchange is eyeing a full DEX platform that will be based outside South Korea. дальше »
2018-10-4 19:33 | |
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Philippines to deport fugitives to South Korea for $33M Bitcoin scam
Filipino authorities have advanced on international criminals suspected of running a large-scale Bitcoin pyramid scheme. Authorities have detained two of the six individuals thought to have defrauded South Korean investors for over $33 million, while the others remain on the run. дальше »
2018-10-4 16:35 | |
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South Korea’s Chief Policy Maker Insists on Legalizing ICOs
In a recent speech given to the National Assembly, Chairman of South Korea’s National Policy Committee Min Byung-Doo urged Korean regulators to legalize initial coin offerings (ICOs). дальше »
2018-10-4 22:11 | |
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TEMCO Secures Investment from No. 1 Korean Venture Capital “Korean Investment Partners”
TEMCO, Korean startup preparing supply chain based on bitcoin (RSK), said it has successfully secured institutional investment from “Korea Investment Partners” (KIP), the foremost leading venture capital of Korea. дальше »
2018-10-3 09:25 | |
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South Korea Denies Cryptocurrency Exchanges From Venture Firm Certification
Although the South Korean Government is keen to improve blockchain regulations, they do not express the same sentiment towards the cryptocurrency industry. According to an article published by Business Korea on October 1, 2018, the South Korean Government decided to deny cryptocurrency exchanges from venture firm certification, which will lead to an increase in taxes for these companies. дальше »
2018-10-3 23:00 | |
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Bitcoin supply chain startup TEMCO gets investment from Korea Investment Partners
TEMCO, a Korean startup preparing supply chain based on bitcoin (RSK), announced it has successfully secured investment from Korea Investment Partners (KIP), a leading venture capital firm out of Korea. дальше »
2018-10-2 13:10 | |
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Era Of Decentralized Exchanges: Bithumb to use OneRoot R1 protocol to build a Decentralized Exchange
One of the world’s largest cryptocurrency exchange, Bithumb, a South Korean based cryptocurrency exchange is making plans to launch a decentralized exchange platform after its prosecution for tax invasion even though it was later said to be a wrong accusation. дальше »
2018-10-2 20:09 | |
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Press Release: TEMCO Secures Investment from No. 1 Korean Venture Capital “Korean Investment Partners”
TEMCO, Korean startup preparing supply chain based on bitcoin (RSK), said it has successfully secured institutional investment from “Korea Investment Partners” (KIP), the foremost leading venture capital of Korea. дальше »
2018-10-2 18:17 | |
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Crypto News Weekly 28.09.18: Bitmain Losses, Korean Exchange Bribe, Ex-UBS Bankers Launch Crypto Bank
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. дальше »
2018-9-28 19:17 | |
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South Korean Cabinet Excludes Sale and Brokerage Of Digital Assets From Venture Business Classification
South Korean Government Will Exclude Sale and Brokerage Of Digital Assets From Venture Business Now, the South Korean government has decided to exclude digital assets trading companies from venture business classification. дальше »
2018-9-27 22:39 | |
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South Korea: “Third Generation” Blockchain Projects Look to Dominate the Global Crypto Market
Competition among the so-called “third generation” projects is fast brewing in the South Korean blockchain and cryptocurrency market, as companies scramble to find the industry’s “killer app” and spur widespread adoption. дальше »
2018-9-27 20:00 | |
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PR: Bithumb to Hold Transaction Fee Payback Promotion for Overseas Users
Refund benefits for KRW 1 Billion transactions in a limited time from September 20 Bithumb, a global cryptocurrency exchange will offer overseas users an event to payback 70% of transaction fees as an expression of appreciation for their support and loyalty. дальше »
2018-9-26 12:30 | |
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EdenChain Initial Coin Offering Token Sale Distribution Gets Blotched in Wild Fiasco
Eden Coin ICO FUDges Token Distribution EdenChain, a service targeting Korean customers for companies looking to start ICOs of their own, features an ICO that has had a tumultuous experience lately. Less than 24 hours ago, the community’s token price sank. дальше »
2018-9-25 21:17 | |
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Coinnest Coin Listing Bribery for Adding Crypto Tokens See Executives Accused and Indicted
The Seoul Southern District Public Prosecutor’s Office has recently accused and indicted two South Korean executives of a crypto exchange called Coinnet. According to the charges, they have been accepting bribes in order to list cryptos. дальше »
2018-9-24 22:09 | |
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Coinnest Executives Indicted for Accepting Bribe for Coin Listing
The Seoul Southern District Public Prosecutors’ Office has reportedly indicted two executives of South Korean crypto exchange Coinnest for accepting a bribe in exchange for listing a cryptocurrency. дальше »
2018-9-24 19:10 | |
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South Korean Government Pledges to Support Domestic Blockchain Projects
South Korea’s Ministry of Science and Information Communications Technology (ICT) has vowed to increase Government funding and support for the nation’s blockchain companies. According to Business Korea’s article published on September 21, 2018, the Government’s decision to boost support was to assist blockchain startups with current challenges and help drive growth to domestic blockchain industry. дальше »
2018-9-23 23:00 | |
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South Korean’s MSICT Offers Help to Crypto Companies For Accelerating Blockchain Adoption
This Friday the South Korean Ministry of Science and Information Communications Technology (MSICT) promised support to facilitate the growth of the domestic blockchain industry. Min Won-ki, the Minister of Science held a meeting with blockchain startups as part of the government’s effort to establish contact with organizations in what it has dubbed the 10 key […] дальше »
2018-9-22 18:00 | |
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