Tag: South Korea

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South Korean Police Raid Shinil Group Over Alleged Shipwreck Cryptocurrency Scam

Earlier this week, police in South Korea raided the offices of Shinil Group, a Seoul-based company that claimed to have discovered the wreck of...

South Korea’s FSC to Establish Exclusive Blockchain Division

The financial regulator of South Korea, the Financial Services Commission (FSC), is set to establish a new department designated to govern policymaking initiatives specifically...

Bitcoin Drops to New Low Below $6,000, Market Prices Rally Slightly

The price of Bitcoin fell below $6,000 over the weekend, hitting a new low as sentiment among investors took a downward dive. New Low for...

South Korea: Cryptocurrency Exchanges Having Problems Getting Insured

One vital necessity for a business is insurance. However, cryptocurrency exchanges in South Korea are finding it extremely difficult in finding insurers due to...

CryptoUK Assures British MPs That Customers’ Crypto Assets Are Safe

British MPs have been assured by the country's Bitcoin website operators that consumers' crypto assets are secure after security concerns were raised by members...

Bithumb Targeted by Hackers, Thieves Steal $32 Million in Cryptocurrencies

A South Korean exchange, Bithumb, has reportedly been hacked, resulting in the loss of 35 billion won worth of cryptocurrencies it was storing. Bithumb Targeted...

Ripple Urges South Korea to Embrace Cryptocurrency and Blockchain Technology

A lot of things are changing in South Korea's financial sector. Regulation is negatively impacting cryptocurrency and blockchain technology, but Ripple is urging the...

Hack of South Korean Exchange Helps Push Cryptocurrency Market Tumble

The cryptocurrency market cap tumbled by $42 billion over the weekend, partly helped by the news of another exchange, Coinrail in South Korea, being...

Survey: Two Out of Five South Koreans Are HODLers

A new survey has found that nearly 45 percent of cryptocurrency investors hold their assets with a longer-term view while waiting for market prices...

Bithumb Wants to Create a Native Token Traded Across Different Exchanges

Most cryptocurrency enthusiasts are well aware of how South Korea plays a big role in the industry. Local exchanges generate a lot of trading...

Cryptocurrency Exchange Huobi to Launch London Office, Looks to Expand Beyond Asia

Cryptocurrency exchange Huobi has announced that it is setting up a London-based office as it seeks to expand itself outside of Asia. In a report...

Huobi Pro Successfully Expands to South Korea

Cryptocurrency exchanges are an integral part of the ecosystem as a whole. Even though centralized platforms are a bit problematic, they still remain incredibly...