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South Korean Crypto Exchange Bithumb Hacked, $31.5 Million Stolen
Popular South Korean cryptocurrency exchange Bithumb has suspended all deposits and withdrawals following a hack resulting in the theft of more than $31 million worth of cryptocurrencies. This marks the second Korean exchange hack in as many weeks. дальше »
2018-6-20 07:30 | |
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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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Malaysian Government Teams Up With Korean Lab to Develop Sharia-Compliant Blockchain
South Korean blockchain lab IncuBlock has signed a Memorandum of Understanding (MOU) with a Malaysian government advisory committee for blockchain tech development permissible under Sharia law, local news outlet IT World reported yesterday, June 18. дальше »
2018-6-20 23:22 | |
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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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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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South Indian State of Kerala Uses Blockchian Technology in Food Supply and Distribution
The government of the South Indian state of Kerala will use blockchain for food supply and distribution, local news outlet Business Standard reported June 17. Chairman of K-DISC, KM Abraham, told Business Standard that each component of the supply network would have a separate ID number, through which its source, production, quality, and distribution could дальше »
2018-6-19 23:19 | |
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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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Cardano To Be Added To South Koreas Largest Mobile Payment Platform Plus Other Announcements
Anyone seen the most recent Cardano Foundation newsletter yet? If you haven’t, you might want to take a look! The latest Cardano Foundation newsletter is out! We bring you project updates, recaps from Cardano meetups around the world and more. дальше »
2018-6-18 16:00 | |
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Korean crypto exchanges step up to aml compliace. Banks are burning out
Regulation As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance. дальше »
2018-6-18 10:37 | |
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As Korean Crypto Exchanges Step Up AML Compliance, Banks Are Failing
As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance. дальше »
2018-6-18 08:40 | |
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The Crypto Refresh June 17th 2018
We are back again with our weekly refresh of all things crypto. The crypto refresh is designed to bring you a weeks’ worth of cryptocurrency news in a bitesize format. We appreciate that you might not always have time to trawl through the headlines so therefore, each weekend we summarise the best bits for you. дальше »
2018-6-18 23:05 | |
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Waltonchain Partners with Korean Standards Association on Blockchain Education and Development Initiative
The Walton Blockchain Institute signed a partnership agreement with the Korean Standards Association (KSA) on June 11 to promote top-notch research and development in the field of blockchain technology and implementation. дальше »
2018-6-18 23:00 | |
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Top Korean Banks Work with Japan Bank Consortium to Modernize Cross-border Payments
The Japan Bank Consortium — a coalition of 61 banks in Japan, organized by SBI Ripple Asia — has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank, two of South Korea’s largest banks with a collective market capitalization of more than $30 billion. дальше »
2018-6-17 12:50 | |
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A Single Incorrect Character Cripples ICON Blockchain, Bug Fix Implemented
Despite positive news regarding popular South Korean based cryptocurrency, Icon, a smart contract bug has temporarily crippled the transfer of the ICX ERC-20 token. != Or ==, Which One Is Correct? It was recently revealed that a flaw in ICX’s smart contract allowed for users to disable the transfer of all ICX ERC-20 tokens. дальше »
2018-6-17 11:00 | |
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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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Korean Banks to Use Samsung SDS Blockchain in imitation of Verify Customer IDs beside July
A South Korean commercial banks group will initiate a blockchain-powered customer ID verification platform in July 2018, as per the reports on June 12. Reportedly, the Korea Federation of Banks (KFB) will launch their “BankSign” identity verification system to be made use of in both online computer-based and mobile banking. According to the report, development […] дальше »
2018-6-15 19:26 | |
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New Partnership Is Good News For Electroneum
Electroneum have recently announced a new partnership which is set to bolster the innovative reputation of the Electroneum project. Whilst the value of the currency doesn’t seem to have responded to the announcement specifically, the announcement does mark good news for the Electroneum team. дальше »
2018-6-15 12:00 | |
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Direct Supervision Over Crypto Exchanges sought by South Korea’s Government
The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This is the first time a government agency has said it will oversee crypto exchanges. дальше »
2018-6-15 06:36 | |
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Crypto Beach Developed by South Korea, After Switzerland’s ‘Crypto Valley’
South Korea has revealed plans to launch a blockchain center in Busan city modeled on the Swiss Crypto Valley, local news outlet Edaily reported June 14. “We need a place to concentrate on the cryptographic industry in Korea like the Crypto Valley in Switzerland,” Oh said at the event. Located in eastern Busan, South Korea, дальше »
2018-6-15 05:25 | |
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South Korean Government Agency Seeks Direct Supervision Over Crypto Exchanges
The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This will obligate crypto exchanges to follow anti-money laundering directives like banks do. дальше »
2018-6-15 03:50 | |
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South Korea to Develop ‘Crypto Beach’, Modelled After Switzerland’s ‘Crypto Valley’
A South Korean financial association plans to build “Crypto Beach” in Busan to explore and keep blockchain technology prospects in the country
дальше »2018-6-15 01:24 | |
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Korea University and Huobi Subsidiary announced partnership
In the name of “industry-academia” cooperation in the field of blockchain development, Korea University is reportedly teaming up with the South Korean subsidiary of crypto exchange Huobi. Huobi was originally founded in Beijing in 2013, though it is now headquartered in Singapore, with branches in the US, Japan, Hong Kong, and China. The new South […] дальше »
2018-6-14 13:08 | |
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How Is A Small Island Like Malta Taking Over The Likes Of Japan In The Crypto-Race?
The Republic of Malta is an island located just off the Southern Italian coast. It has an estimated population of just 460,000 people and a total area, estimated at 316km2, with this in mind you can argue that all in all, Malta is quite a small place. дальше »
2018-6-14 12:30 | |
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Japan aims to become a bitcoin capital. Then it became the hack
As China cracked down on crypto exchanges and South Korea threatened to do the same, Japan stood out as a crypto-friendly nation. In 2017, Japan declared Bitcoin to be a legal form of payment and now has 16 licensed cryptocurrency exchanges. дальше »
2018-6-14 10:57 | |
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DarcMatter (DMC) gets investment from blockchain fund #Hashed
DarcMatter Coin, the blockchain project created by fintech startup, DarcMatter, has completed a highly synergistic and strategic investment and partnership with #Hashed, a top South Korean crypto investment fund. дальше »
2018-6-14 03:49 | |
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South Korean banks suspected Coinrail transactions months before in Feb
In the latest update to the largest South Korean crypto stealing scandal valued at $37.28 million, media has unearthed evidence that banks had detected suspicious behavior at local exchanges. South Korea major trading center In terms of volume and number of exchanges, South Korean, is by far one of the largest trading centers of cryptocurrency […] The post South Korean banks suspected Coinrail transactions months before in Feb appeared first on ZyCrypto. дальше »
2018-6-14 16:25 | |
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Altcoins Get Clobbered, Taking the Brunt of the Bitcoin Bear Market
Following the hack of a largely unheard-of cryptocurrency exchange in South Korea and a probe by US government investigators into Bitcoin price manipulation, the cryptocurrency market has once again broken to the downside — and things aren’t looking pretty. дальше »
2018-6-13 12:00 | |
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Report: Suspicious Transactions at Korean Exchange Coinrail Months Before Hack
Following the announcement by South Korean crypto exchange Coinrail that it has been hacked, a local publication reported that some banks had identified suspicious transactions at the exchange and stopped providing services to company months before the incident. дальше »
2018-6-13 03:40 | |
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Did Bitcoin [BTC] fall due to Coinrail hack?
Eric Lam, a Hong Kong-based crypto-asset reporter, talked about South Korean cryptocurrency exchange Coinrail reporting a ‘cyber intrusion’, on Bloomberg. The exchange did reveal that around 70% of their cryptocurrency holdings were stored in a ‘cold wallet’, a wallet that is not connected to the internet. дальше »
2018-6-13 00:11 | |
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Colombian banks close buda crypto exchange accounts
Colombian banks have closed all the accounts of South American cryptocurrency exchange Buda. com without warning or explanation. According to local news, the move by the Colombian banks was unexpected, and the banks didn’t disclose why it was closing the accounts. дальше »
2018-6-13 23:08 | |
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Card-Shaped NFC Wallet launched by Korean Firm “Keypair”
Wallets A new hardware wallet has been launched by the South Korean financial tech firm Keypair. The company’s Keywallet Touch has an interesting design as it’s shaped like a credit card and utilizes NFC technology. дальше »
2018-6-13 20:27 | |
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