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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Tag: South Korea

South Korea’s Multi-Billion Dollar Messaging App Kakao Plans Bitcoin Integration

Category: Bitcoin, Business, News

South Korea’s Multi-Billion Dollar Messaging App Kakao Plans Bitcoin Integration

Kakao, which led a $3.3 billion merger with IT giant Daum to form Daum Kakao in 2014, is South Korea’s largest messaging and fintech platform. Kakaotalk, Kakao’s flagship messaging application, has a market penetration rate of over 90 percent, with sources including Forbes reporting that nearly 100 percent of households in the country use Kakaotalk as their main communication method….

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Bithumb, Highest Volume Exchange Globally, Adds Monero

Category: Altcoins, Finance, News

Bithumb, Highest Volume Exchange Globally, Adds Monero

The largest South Korean exchange Bithumb announced on August 21 the addition of the privacy-focused altcoin, monero (XMR). The exchange, which commands more than $900 million in volume daily, plans to open up monero deposits on August 23. Koreans have been pushing a lot of volume into cryptocurrency markets recently. The pump of Bitcoin Cash over the weekend of August…

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Korean Buyers Take Ethereum Beyond $300 Amidst Geopolitical Tremors

Category: Ethereum, News, Price Analysis

Korean Buyers Take Ethereum Beyond $300 Amidst Geopolitical Tremors

Since August 9, tensions between North Korea and the US have intensified, with South Korean traders piling money into the cryptocurrency of the second largest blockchain network, Ethereum. ETH-USD breached the $300 handle and now finds support at this psychological level; we provide an outlook for the cryptocurrency going forward. While markets across the world have shown increased volatility in…

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South Korea Prepares Legislation to Regulate Cryptocurrency Market

Category: Altcoins, Bitcoin, News, Regulation

South Korea Prepares Legislation to Regulate Cryptocurrency Market

South Korea has announced plans to adopt changes in its existing laws in order to create a more regulated space for cryptocurrency trade to occur. These changes are part of an effort to protect South Koreans from any possible risks arising from a lax regulatory framework. The bills are being prepared by Democratic Party of Korea representative, Park Yong-jin. Park…

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South Korea’s Largest Financial and Tech Institutions Join R3

Category: Business, Finance, News, Tech

South Korea’s Largest Financial and Tech Institutions Join R3

On May 30, LG, one of the largest electronics company in South Korea behind Samsung, officially announced its partnership with R3CEV as a part of a larger vision to target the South Korean fintech and finance industries with distributed ledger technology. Over the past few years, many leading financial institutions and banks in the world have joined R3CEV, including South…

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South Korea’s Hurdles In The Race Toward Blockchain Innovation

Category: Business, News, Regulation, Tech

South Korea’s Hurdles In The Race Toward Blockchain Innovation

FinTech progress has come to a halt in South Korea as regulators carefully try to piece together new technology with existing privacy laws. In October 2016, Financial Services Commission (FSC) Chairman Yim Jong-Yong revealed South Korea’s plans for the acceptance and regulation of bitcoin. He announced in a public speech, “The government will push for the systemization of digital currency…

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South Korea Lays Foundation for Cryptocurrency Adoption

Category: Business, Finance, News, Regulation

South Korea Lays Foundation for Cryptocurrency Adoption

With the acceptance of cryptocurrency increasing daily, the next logical step is to lay down a foundation on which to utilize and build cryptocurrency services off of. This is exactly what South Korea announced October 24. “The government will push for the systematization of digital currency on a full scale in tandem with a global trend in the U.S., Japan,…

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Inside Job Theft Cripples Bitheus’ BitXatm Network

Category: Bitcoin, Business, News

Inside Job Theft Cripples Bitheus’ BitXatm Network

A post from Bitheus’ blog, a German-based Bitcoin ATM company, they announced that they had been sabotaged by an employee over an extended period of time. At the time of the announcement on September 21, at least 18 out of more than 30 of the BitXatm Bitcoin ATM’s, also known as Bitcoin Teller Machines (BTM’s), were affected, with no recourse…

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Estonia and South Korea Top Barclays’ Digital Development Index

Category: Business, News, Tech

Estonia and South Korea Top Barclays’ Digital Development Index

Barclays, a British multi-billion dollar banking and financial services company, has named Estonia and South Korea as the top two countries in the international rankings of its Digital Development Index. The Digital Development Index, a survey-based project conducted by Barclays with an aim toward understanding the state of the U.K.’s digital economy, is a global ranking of countries primarily based…

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