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2018 Global Token Galaxy Expo • May 25-27, 2018

A leading blockchain summit conference and exhibition is taking place on May 25-27 in Silicon Valley. To The Moon·Global Token…

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Joseph Young

About author: Joseph Young

Joseph is a bitcoin enthusiast, financial consultant, web developer writer based in Hong Kong. He has worked with hotels and tech firms in Korea, the Philippines, Hong Kong and Singapore as a front-end developer and has collaborated with venture capital firms to explore bitcoin and virtual reality-focused startups in South East Asia.

Major South Korean Crypto Exchanges Bithumb and UPbit Face Backlash and Criticism

Category: Altcoins, Bitcoin, Business, Finance, News, Regulation

Major South Korean Crypto Exchanges Bithumb and UPbit Face Backlash and Criticism

UPbit and Bithumb, two of the biggest cryptocurrency exchanges in South Korea and the global cryptocurrency market, have faced backlash and criticism from the local cryptocurrency market for the scandalous behavior since early May 2018. UPbit Investigation Found No Irregularities On May 13, 2018, BTCManager reported that the official investigation by the South Korean police, Korea Financial Intelligence Unit (KoFIU),…

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Blockchain Apps are Taking Over the South Korean Market, Cryptocurrency Incentive

Category: Altcoins, Blockchain, Business, Entertainment, News, Tech

Blockchain Apps are Taking Over the South Korean Market, Cryptocurrency Incentive

GoCryptobot, Calorie Coin, and many other blockchain and cryptocurrency-based mobile applications have taken over the South Korean app market, competing against traditional applications and conventional platforms. Blockchain Games Some of the biggest conglomerates in South Korea such as Kakao and Naver have begun to develop blockchain applications to secure a position at the forefront of blockchain development. LINE is the…

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Goldman Executive Left Wall Street to Cryptocurrency Sector, Here’s Why

Category: Altcoins, Bitcoin, Finance, News, Regulation

Goldman Executive Left Wall Street to Cryptocurrency Sector, Here’s Why

Timothy Tam, a former statistical arbitrage trader at Goldman Sachs and senior trader at major Asian hedge funds who managed more than $1.5 billion by trading equities, foreign exchange, and convertible bonds, recently explained why he had to leave Wall Street to enter the rapidly growing cryptocurrency sector. Escaping Wall Street On Entrepreneur Europe, Tam outlined his successful career in…

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Twitter CEO Jack’s FinTech App Square is Surpassing Competitors like Venmo With Bitcoin

Category: Bitcoin, Business, Finance, News

Twitter CEO Jack’s FinTech App Square is Surpassing Competitors like Venmo With Bitcoin

Square, the FinTech application developed by Twitter CEO Jack Dorsey, has surpassed the growth rate of its competitors like PayPal’s Venmo that have dominated the financial technology sector over past few years. Square’s Market Cap Rises $8 Billion On May 4, BTCManager reported that investors were initially not satisfied with Square’s $200,000 revenue from its bitcoin venture, considering that the…

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French Finance Minister is Seized by Sudden Passion For Cryptocurrency

Category: Altcoins, Bitcoin, Blockchain, Commentary, News

French Finance Minister is Seized by Sudden Passion For Cryptocurrency

Bruno Le Maire, France’s finance minister since May 2017, has publicly stated that he has obtained a renewed interest in the cryptocurrency sector and blockchain technology. In an interview with Alex Stachtchenko, the co-founder of Blockchain Partner and La Chaintech, two blockchain associations based in France, Le Maire said: “I was a rookie a year ago, but now, I’ve been…

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Japan’s Biggest Newspaper Reports 30 Billion Yen was Laundered Through Crypto Exchanges

Category: Altcoins, Business, Commentary, Finance, News

Japan’s Biggest Newspaper Reports 30 Billion Yen was Laundered Through Crypto Exchanges

Mainichi Shimbun, one of the most influential and oldest newspapers in Japan founded in 1872, reported that more than 30 billion yen, worth about $270 million, were laundered through cryptocurrency exchanges by organized crime groups in Japan since 2016. Cryptocurrency Main Source of Money Laundering In Japan, organized criminal groups dominate the underground economy, with the Yakuza, an organized crime…

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South Korean Cryptocurrency Exchange Executives Arrested For Stealing User Funds

Category: Altcoins, Bitcoin, Business, Crime, Finance, News

South Korean Cryptocurrency Exchange Executives Arrested For Stealing User Funds

The president and executives at HTS, a cryptocurrency exchange based in South Korea, were arrested this week for manipulating user funds and illegally reallocating the company’s holdings in cryptocurrencies like bitcoin and ether to the personal accounts of executives according to Korean publication TokenPost. Illegal Transfer of User Funds The police department of Southern Seoul and local financial authorities led…

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Billionaire Investor Draper Says Bitcoin Is Most Secure Place to Store Money

Category: Bitcoin, Commentary, Crime, Finance, News, Tech

Billionaire Investor Draper Says Bitcoin Is Most Secure Place to Store Money

On CNBC’s Closing Bell, billionaire investor Tim Draper, who has funded some of the most successful technology companies to date such as SpaceX, Tesla, and Uber, stated that bitcoin is the most secure place to store money due in part to the gaps in security of banking systems which major financial institutions have failed to fill. Most Secure Money Throughout…

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Two Individuals Arrested in South Korea For Running $30 Million Cryptocurrency Ponzi

Category: Altcoins, Bitcoin, Crime, Finance, News

Two Individuals Arrested in South Korea For Running $30 Million Cryptocurrency Ponzi

Two South Korean individuals, whose names remain anonymous, were arrested this week for running a $30 million cryptocurrency Ponzi scheme in Busan, the second largest city in South Korea behind Seoul. Ponzi Schemes Have Become a Major Issue Over the past nine months, the two individuals established an office in Busan without the approval of local authorities and received more…

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Bulletproofs can Help Bitcoin to Process Anonymous Payments Efficiently Says Developer

Category: Altcoins, Bitcoin, News, Tech

Bulletproofs can Help Bitcoin to Process Anonymous Payments Efficiently Says Developer

 Adam Gibson, a Python developer and bitcoin researcher, stated private or anonymous bitcoin transactions are large in size but can be scaled with solutions like bulletproofs. Private Transactions are Larger than Public Ones Anonymous transactions are larger in size than normal transactions. As such, most blockchain projects consider scalability as the main long-term challenge that needs to be improved as…

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