Cryptonews Tags South Korea

# South Korea (Page 77)

Despite its relatively small size, South Korea is a global powerhouse when it comes to cryptocurrency industry. Often mentioned in the same breath as Singapore or Malta, Korean love for all things crypto has its roots in the country’s traditional inclination towards high technologies and openness to their use. Today, South Korea accounts for some 30% of total crypto trading on a global scale, with even the banking sector in that country making the news with its love for blockchain. South Korea is also well known for its highly developed cryptocurrency exchange scene including the likes of Bithumb, Upbit, Coinone and others.

After Catching 5 Crypto Pump & Dumps, AI Targets Ponzi Schemes

Artificial Intelligence (AI) technology is being used to hunt down Ponzi schemes related to cryptocurrencies in South Korea, and was already successful in catching two suspects who reportedly cheated around 56,000 people of a total of KRW 21.2 billion (USD 18.7 million). This comes after AI was...

, by Sead Fadilpašić

Has the Kimchi Premium Been Replaced by the ‘Korean Bonus’?

Crypto business is booming. Prices have been surging, the market has experienced a period of bullish growth and some are asking themselves if the heady days of 2017 are back. And just like 2017, much of the market positivity is coming from East Asia again – South Korea in particular.But there...

Buterin Tells S Korea: Separating Blockchain & Crypto ‘Is Difficult’

Ethereum co-founder Vitalik Buterin has told South Korean parliamentarians that blockchain technology and cryptocurrency are virtually inseparable.Buterin was speaking at a specially convened blockchain meeting at the South Korean parliament, the National Assembly.The government has spoken on...

S Korean Crypto Community Must ‘Get House in Order’ after Bithumb Hack

South Korea’s cryptocurrency sector is livid after its biggest exchange suffered an EOS hack worth an estimated USD 13 million.Bithumb has suggested that the hack may have been an inside job, with suspicion falling on employees who have recently been made redundant.An employee at a major...

Upbit Fosters Global Expansion With USD 71m Investment War Chest

The first two new markets should be launched by the third quarter of this year. Soon-to-be-issued token, LUK, will be the medium by which some blockchain startups will receive investments.South Korean major cryptocurrency exchange Upbit is looking to expand their business beyond their current...

, by Sead Fadilpašić

S Korean Crypto, Blockchain Leaders Join Forces for Assault on ICO Ban

South Korea’s leading blockchain and cryptocurrency experts, business leaders and academics are urging the government to change its fintech policy – by creating a super-association of blockchain-related organizations.The new association claims that Seoul’s much-maligned initial...

How South Korean Island Province Leads the Way in Blockchain Adoption

The South Korean government may have dampened the spirits of blockchain and cryptocurrency enthusiasts with a decision to uphold a ban on initial coin offerings (ICOs) earlier this year, but it many advocates remain undaunted – with developments coming apace on the island province of...

These Three Blockchain Projects to Receive Public & Private Investment

The South Korean government will team up with a consortium of domestic companies to funnel a combined USD 7.7 million into three blockchain projects – a used car trading platform, a financial services project and a platform for charity donations.Per KiNews and iNews24, the Ministry of...

Samsung is Not the Only Mega-Company to Exploit Crypto Progress

Samsung is not the only one South Korean giant that has blockchain-related news to share. Increasingly blockchain and crypto-keen South Korean conglomerates are striking partnership deals with domestic fintech companies as they look to fast-track their moves into the sector.As reported, perhaps the...

Japan’s Regulator Just Caught Another Crypto Intruder

Japan’s regulatory Financial Services Agency (FSA) has issued a public warning to a supposedly Gibraltar-based cryptocurrency exchange, asking it to stop wooing Japanese customers.The FSA sent a public letter to SB 101, a suspicious looking exchange with multiple landing pages that does not...

S Korea: Companies, Exchanges in Flurry of Blockchain, Crypto Deals

Some of South Korea’s biggest companies are ramping up their blockchain-related activities – with financial institutions, crypto exchanges and blockchain ventures making bold moves.One of the country’s biggest banks, KEB Hana, has filed a staggering 46 blockchain...

Tron Strikes Deal with Major Blockchain and Gaming Groups

Blockchain platform Tron appears to have its sights firmly set on the South Korean gaming market – and has inked a three-way deal with one of the biggest crypto and blockchain industry organizations in the country, as well as a large group of gaming companies.Per Seoul Economy, Roy Liu,...

Another Major Conglomerate Moves into Blockchain, Crypto Spheres

Another South Korean conglomerate has announced it will enter the blockchain and cryptocurrency arena. The Kolon Group, a multi-billion dollar, family-owned chaebol business group with subsidiaries that deal in auto parts, fashion, construction, healthcare, chemicals and textiles, has announced...

Anything is Still Possible for Crypto in South Korea

All may not be lost for the cause of initial coin offerings (ICOs) in South Korea – in the wake of a decision by the country’s top financial regulator to uphold a ban on ICOs, announced last week. The regulatory Financial Services Commission (FSC) has announced that the ban would remain...

After ‘a Crushing Blow’ to ICOs, S Korea Targets Fake Crypto Projects

South Korean cryptocurrency devotees have voiced their dismay after the government decided to uphold its ban on initial coin offerings (ICOs). However, the bad news may not stop there for South Korea’s crypto-community. The regulatory Financial Services Commission (FSC) had been charged with...

Crypto Exchange Fined for Complicated Account Closing Process

A South Korean regulator has slapped two cryptocurrency exchanges with fines after ruling that they had violated data and privacy laws. Moreover, one exchange was fined for over-complicating the process for customers to close their accounts.Media outlet Consumerwide reports that the Korea...

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