Skip to content

Tag Archives: South Korea

Cryptocurrency Market Loses $50 Billion as South Korean Exchange Is Suspected of Fraud

The cryptocurrency market turned upside down on Friday, having lost about $50 billion market capitalization overnight. With the exception of only Augur, Nuls, and Tether, the whole list of top 100 digital currencies are on the red. The dreadful sentiment seems to be a reaction to reports that South Korea’s exchange Upbit is suspected of fraud. […]

Bitcoin in Brief Wednesday: Pornhub? We’ve Never Heard of Pornhub

Bitcoin in Brief for Wednesday is a potpourri of quickies to get your day going: Pornhub, a website we’ve never heard of, has joined the crypto revolution (well, Verge at least); South Korea’s loss is Switzerland’s gain; bitcoin blamed for every crime under the sun; Ethereum’s Vitalik Buterin is accused of favoritism; and bitcoin cash […]

CEO of Korean Exchange Coinnest among Four Arrested for Fraud

South Korean police have arrested four high-ranking representatives of two cryptocurrency exchanges, including Coinnest’s CEO. They were detained on arrest warrants issued after a fraud investigation, prosecutors said. The executives are accused of embezzling funds belonging to customers and may face additional charges. Also read: Three South Korean Crypto Exchanges Raided for Diverting Funds Suspects […]

South Korea Will Release Bitcoin Taxation Policy in July, Following G20 Meeting

A lot of cryptocurrency enthusiasts do not like regulation. This is a hot topic of conversation right now, especially in lieu of the recent G20 meeting. While no immediate measures were represented, it seems the governing body will introduce taxation guidelines in July. The G20 Remains on top of Cryptocurrency It is safe to say […]

South Korean Exchange Paying Users to Report Illegal Crypto Schemes

The Kakao-backed cryptocurrency exchange Upbit has launched a system to reward users for identifying fraudulent multi-level schemes related to cryptocurrencies. The exchange has already identified and reported 20 such schemes to the police. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Reporting Illegal Schemes South Korea’s largest cryptocurrency exchange Upbit has invited […]

South Korean Financial Watchdog Touts Blockchain in Fintech Plans

South Korea’s Financial Services Commission plans to encoureage businesses to use blockchain tech in new payment systems and more.

Bithumb partners with South Korea’s largest accommodation app, Good Choice

South Korean cryptocurrency exchange Bithumb, the largest in the country, announced today it has formed a strategic partnership with South Korea’s largest accommodation app, Good Choice (여기어때), to make it possible to book accommodations… Bithumb partners with South Korea’s largest accommodation app, Good Choice

South Korea Wants to See ‘Normalised’ Cryptocurrency Trading

South Korean authorities have signalled support for what they have described as ‘normal’ digital currency trading, boosting bitcoin’s price. Previous reports have indicated that the South Korean government had hinted at an outright ban on digital currency exchanges. At the end of January, the nation’s authorities banned the use of anonymous crypto trading accounts, ordering […]

Bank of America Has Filed More Cryptocurrency Patents Than Any Other Company

Think of cryptocurrency developers and names like Satoshi Nakamoto, Gavin Andresen, and Nick Szabo spring to mind. Individuals who place principles ahead of profit and are more aligned with open source principles than filing patents and closely guarding their secrets. The only secret Satoshi guarded was his identity. It may come as a surprise then […]

Korean Prime Minister: Closing Down Crypto Exchanges ‘Not a Serious Consideration’

The South Korean prime minister has emphasized that closing down cryptocurrency exchanges is not a serious consideration. His statement clears up any remaining confusion in the market regarding whether the Korean regulators are still considering this option. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Closing Down Exchanges Not Serious Consideration Lee […]