South Korea announced plans to create a blockchain center in Busan, built on the model of the Swiss Cryptocoryne. At a recent blockchain conference in Seoul “2018 Global Blockchain Conference” the Chairman of the Korean Association of financial convergence About Jung-kung said the intent of the organization to build the equivalent of “Cryptocoryne” located in… More
As reported by the local news channel TokenPost, Bithumb, one of the largest cryptocurrency exchanges in South Korea, recently announced that it will release its own token Coin Bithumb as a result of the ICO. Tokens Bithumb will be released in Singapore, as in South Korea conducting the ICO is prohibited. Bithumb is going to… More
Prosecutors in South Korea have detained the managers of two cryptocurrency exchanges for alleged embezzlement and fraud. The event takes place on the background of the attempts of regulators to set rules for violent cryptocurrency market. Two of the four leaders of the head of cryptocurrency exchanges. One of them identified as Kim IK-hwan, Executive… More
Japanese platform instant messenger/social network Line starts a child blockchain, a company just a few months after she announced that through its Line Pay service, you can make transactions in the cryptocurrency. Be called subsidiary will Unblock and will examine the blockchain technology and its possible applications. Thus, the company aims “to add new value… More
We have already reported about the cases in Russia and Ukraine, when the police found mining farm in the most unexpected places, for example, on the territory of state-owned enterprises. This time 14 people from 13 different companies were arrested in South Korea for illegal use of cheap power for the mining of cryptocurrencies in… More
Yapian Corp., the operator double-cryptocurrency exchange hacked Youbit, was denied insurance compensation in the amount of $2.8 million, which the exchange has planned to obtain for a hacker attack, which has lost about 17% of its assets. The second in 2017 hacker attack on Youbit in mid-December led to the fact that the exchange ceased… More
Chinese cryptocurrency exchange Huobi officially launched in South Korea. The exchange has established the investor protection Fund and a special program for compensation of any losses that have occurred through no fault of the users. March 30, Huobi Korea, a subsidiary of Beijing Huobi, has announced the official launch of the Korea: “On Huobi Korea… More
Local newspaper Hankyoreh reported that Park Won-soon, mayor of Seoul announced its intention to launch its own crypto currency and create a more favorable environment for the development of projects blockchain and digital currency in the capital of South Korea. Park made a public announcement on March 22, and stated that his intention includes the… More
The Korean Central Bank (BOK) published the results of a nationwide survey on the attitude of the inhabitants of the country cryptocurrencies. 011 interviewed 25 people from different regions of the country aged 19 years and older. In Korea Times reported on the results of this poll: “40% of young people want to own cryptocurrencies…. More
The largest South Korean cryptocurrency Upbit exchange has offered its users to use a new system aimed at identifying multi-level, illegal scams related to cryptocurrency or ICO. In his statement Upbit claims that the number of illegal cases, multi-level fraud is growing, and the new system is aimed at the prevention of damage associated with… More