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Blockchain & Cryptocurrency Con 2018 • February 23-24, 2018

The blockchain technology is much more than Bitcoin and mining and trading cryptocurrencies. It can be leveraged in a wide…

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Tag: South Korea

Bitcoin Arbitrage Markets Are Evaporating (2017 versus 2018)

Category: Bitcoin, Finance, News

Bitcoin Arbitrage Markets Are Evaporating (2017 versus 2018)

The bitcoin arbitrage opportunity was every Bitcoin enthusiasts best-kept secret until earlier this week. Unfortunately, this is because the opportunity almost completely diminished. Arbitraging bitcoin in different currencies was a guaranteed way to net a daily return until the price of bitcoin collapsed. What is an Arbitrage? An arbitrage is literally the simultaneous buying and selling of an asset (token…

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8 Leading Crypto Exchanges in South Korea Receive Fines of $130,000 Due to Poor Security

Category: News, Regulation

8 Leading Crypto Exchanges in South Korea Receive Fines of $130,000 Due to Poor Security

The South Korean authorities have issued fines to eight of the largest cryptocurrency exchanges in the country as a result of their poor security standards. The exchanges include the likes of Coinpia, RippleForYou, Coinplug, Upbit, Coinone, and Korbit. The size of these fines ranged from $10,000 up to $25,000. Identifying Shoddy Security Measures Bithumb is currently the second most significant…

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Sigh of Relief As Second Biggest South Korean Bank Backs Cryptocurrency Exchanges

Category: Finance, News, Regulation

Sigh of Relief As Second Biggest South Korean Bank Backs Cryptocurrency Exchanges

Two highly popular crypto exchanges in South Korea, Korbit, and Bithumb have recently announced that the Kookmin Bank has disabled transactions with the two platforms beginning at the end of January. Wave of Financial Uncertainty For one of the largest financial institution in the country to outline its lack of support for crypto investors, comes as a sharp blow to…

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Cryptocurrency Exchanges and Bank Enter Data Sharing Agreement in South Korea

Category: News, Regulation

Cryptocurrency Exchanges and Bank Enter Data Sharing Agreement in South Korea

The South Korean government has announced that six of the major domestic banks are being configured to work closely with some cryptocurrency exchanges. With the introduction of this new system, regulatory bodies will require exchanges to share data with the respective banks. Sweep of Conscious Regulation The Korean Financial Services Commission (FSC) made the announcement on January 21, 2018. The…

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OKCoin Eyes South Korea For Growth

Category: Commentary, News, Regulation

OKCoin Eyes South Korea For Growth

OKCoin, once China’s principal digital currency exchange, is broadening its horizons with a strategic decision to expand its territory to South Korea. The move closely shadows that of its largest competitor, Huobi, who announced a similar migration in December 2017 following China’s comprehensive cryptocurrency ban three months prior. Entertainment Partnership Strengthens Move According to local media reports on January 19,…

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Member of South Korea’s National Assembly: Government Should Foster Cryptocurrency Market

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

Member of South Korea’s National Assembly: Government Should Foster Cryptocurrency Market

Nam Kyung-pil, the 34th governor of Gyeonggi Province and  member of South Korea’s national assembly, has heavily criticized Rhyu Si-min, the former 44th Minister of Health and Welfare and popular author, for condemning bitcoin as a bubble. Paying Dues, not Tulips In a statement released on social media, governor Nam encouraged the South Korean government to approach regulation as a…

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What’s Causing The Crypto Market Worldwide To Plummet?

Category: Altcoins, Bitcoin, Mining, News, Regulation

What’s Causing The Crypto Market Worldwide To Plummet?

The cryptocurrencies market has so far had a rocky start to the new year with prices of the top coins plummeting alarmingly. On January 16, 2018, as of this writing, only one out of the top 100 coins is in the green on CoinMarketCap. Market Topple For All Coins The total market still stands at $580 billion, but it is…

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South Korean Cryptocurrency Trading Ban Rumours Put Pressure on Price of Bitcoin: BTCManager’s Week in Review Jan 15

Category: Altcoins, Business, Commentary, News

South Korean Cryptocurrency Trading Ban Rumours Put Pressure on Price of Bitcoin: BTCManager’s Week in Review Jan 15

In the past week, headlines circulated suggesting that South Korea, one of the largest bitcoin markets in the world, would impose a ban on cryptocurrency trading. These headlines rattled bitcoin holders, which led to a bitcoin price drop of almost 20 percent from $16,500 to $13,750. Despite the fact that these claims were refuted rather quickly, the price of bitcoin…

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Hyundai Merchant Marine and Samsung SDS Announce Success of Blockchain-Based Pilot Program

Category: Blockchain, Business, Commentary, News, Tech

Hyundai Merchant Marine and Samsung SDS Announce Success of Blockchain-Based Pilot Program

Hyundai Merchant Marine, one of the largest shipping exporters in the Asian Pacific, has reportedly completed a successful test run of its blockchain-based pilot program. Making Waves with Blockchain The news came through a press statement released on December 21, 2017, by Samsung SDS, the company that helped implement the system. Hyundai Merchant Marine first adopted the technology as part…

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Nearly a Third of South Korea’s Corporate World Are Cryptocurrency Investors

Category: Bitcoin, Commentary, Finance, News

Nearly a Third of South Korea’s Corporate World Are Cryptocurrency Investors

The trading of cryptocurrencies is one of the most volatile yet lucrative ways of making money these days. Despite the volatile nature of activity, more than a few South Korean corporate elite engage in it. Korean Cryptocracy Saramin, an online employment platform carried out a survey to determine how many people in the Korean corporate sector engage in cryptocurrency trading….

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