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Tag: Korea

South Korean Court Recognizes Cryptocurrency As Assets

Category: Bitcoin, Crime, News

South Korean Court Recognizes Cryptocurrency As Assets

South Korea’s top court has recently confiscated $2.3 billion in cryptocurrency assets from a 33-year old man who operated a pornographic site. It is the first time cryptocurrencies have been confiscated in the country. Korea’s highest court confirmed on May 30, 2018, a court order that seized 191 bitcoins from a man named Ahn. The 191 bitcoin was worth approximately…

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South and North Korea Unification Recorded on Ethereum Blockchain

Category: Altcoins, Blockchain, Ethereum, News, Tech

South and North Korea Unification Recorded on Ethereum Blockchain

After a long time of unrest on the Korean peninsula, both Southern and Northern leaders Moon Jae-in and Kim Jong-un signed a peace treaty at the 2018 Inter-Korean Summit at Panmunjom on April 27, 2018. Marking the unforgettable event, a South Korean developer decided to record the Panmunjom Declaration on the Ethereum blockchain. Blockchain Record Historic Event The separation of…

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Samsung Electronics to Employ Blockchain Technology to Augment Supply Chain Network

Category: Blockchain, Business, News, Tech

Samsung Electronics to Employ Blockchain Technology to Augment Supply Chain Network

Samsung Electronics, one of the biggest information technology company, is mulling over using blockchain technology to assist in administration its supply and logistics network. The propound blockchain based platform’s role would be to oversee global shipments and cut back shipping costs.     Blockchain System to Slice 20% Costs in Shipping   Samsung SDS is also contemplating to develop blockchain platform…

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OKCoin to Add Ether Support, China to Compete With Korea

Category: Altcoins, Ethereum, Finance, News

OKCoin to Add Ether Support, China to Compete With Korea

Chinese bitcoin exchanges such as OKCoin hinted their plans to add Ethereum support for local ether traders for over a year. According to local sources, OKCoin representatives, at last, confirmed their integration of Ethereum. CnLedger, a Chinese digital currency and blockchain research group, confirmed OKCoin’s short-term plan of adding support for ether trading with its local source. The CnLedger team…

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UK and South Korea Collaborate to Build Fintech Bridge

Category: News, Regulation

UK and South Korea Collaborate to Build Fintech Bridge

The UK and South Korea have signed a strategic partnership to create a ‘fintech bridge’ for startups and government agencies to establish both countries as the leading nations in the fintech sector The UK, London in specific, is known as the global fintech and blockchain hub to startups and investors in the fintech and blockchain industries. According to the Outlier…

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Bitcoin in Korea: Mainstream Awareness on the Upswing

Category: Commentary, News

Bitcoin in Korea: Mainstream Awareness on the Upswing

Since 2014, the South Korean Bitcoin industry has shown an explosive rate of growth, with the emergence of well-established, venture-backed Bitcoin companies including CoinPlug and Korbit. Bitcoin users in Seoul and other main cities in the country began to access reputable Bitcoin exchanges to purchase and sell Bitcoin, which drastically increased daily trading volumes of the BTC to KRW pair….

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Korean Exchange Korbit Enables ETH Trading Option

Category: Business, News, Tech

Korean Exchange Korbit Enables ETH Trading Option

Korea’s Korbit now offers an early stage trading option of Ethereum’s crytpocurrency ETH. In an email newsletter to its users, Korbit announced that it would be immediately launching the capability to trade BTC to ETH within their online trading platform. The massive 1000% growth of ETH over the last 3 months has garnered interest from many different Bitcoin and cryptocurrency…

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Korean Exchange to Launch Blockchain-Based OTC Trading Platform in September

Category: Business, Finance, News, Tech

Korean Exchange to Launch Blockchain-Based OTC Trading Platform in September

The Korea Exchange (KRX) is working in collaboration with the Financial Services Commission (FSC) on the design and development of the KPM platform, a Korean version of the NASDAQ Private Market, which will be using blockchain technology and mobile applications to allow users to trade unlisted securities. The platform, which is expected to be launched in September, will be focusing…

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