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News by results: South Korea

News about Bitcoin, ICO, Blockchain Technology, investment, mining

US Law Enforcement Traces Bitcoin Transfers to Nab ‘Largest’ Child Porn Site

US Law Enforcement Traces Bitcoin Transfers to Nab ‘Largest’ Child Porn Site

A U.S. federal grand jury indicted a South Korean citizen for operating the largest child porn site by volume, where visitors spent millions of dollars worth of bitcoin to pay for the illegal content.

16 OCTOBER 2019

South Korean Court Issues Landmark Decision on Crypto Exchange Hacking

South Korean Court Issues Landmark Decision on Crypto Exchange Hacking

A Korean crypto exchange, Coinone, has been ordered to pay compensation for losses resulting from a hack of a customer account.

1 OCTOBER 2019

BK’s Bithumb deal on verge of collapse

BK’s Bithumb deal on verge of collapse

A deal to sell Bithumb, South Korea’s largest cryptocurrency exchange, is at the risk of falling apart one year after the decision to sell it, industry sources said Sept. 30.

30 SEPTEMBER 2019

South Korean Exchange Upbit Ends Orderbook Partnership With Bittrex

South Korean Exchange Upbit Ends Orderbook Partnership With Bittrex

South Korean cryptocurrency exchange Upbit has broken its partnership with Bittrex in a reorganization of its Bitcoin (BTC), Ether (ETH) and Tether (USDT) markets, local South Korean news outlet Decenter reported on Sept. 25.

27 SEPTEMBER 2019

Korean Conglomerate CJ Develops Blockchain for Music Copyright

Korean Conglomerate CJ Develops Blockchain for Music Copyright

CJ, one of South Korea’s largest conglomerates, is developing a blockchain-based music copyright management system using AWS’ Amazon Managed Blockchain Service, according to local media.

21 SEPTEMBER 2019

South Korea’s Woori Financial Teams up with Kakao’s Crypto Payments Group

South Korea’s Woori Financial Teams up with Kakao’s Crypto Payments Group

Woori Financial Group, one of South Korea’s largest banking companies, has agreed to work with Ground X in developing blockchain financial services.

21 AUGUST 2019

Maltese Crypto Exchange CGEX Shuts Down After Temporary Terminations

Maltese Crypto Exchange CGEX Shuts Down After Temporary Terminations

Coinone Global Exchange (CGEX), a Malta-based crypto exchange launched by major South Korean exchange Coinone, will terminate its service in mid-September.

19 AUGUST 2019

Shinhan Bank Teams With Kakao’s GroundX for Blockchain Security Boost

Shinhan Bank Teams With Kakao’s GroundX for Blockchain Security Boost

Shinhan, one of the oldest and largest banks in South Korea, has partnered with two fintech firms to build a new security system using blockchain tech.

14 AUGUST 2019

Bitcoin’s ‘Kimchi Premium’ Vanishes Again as Trading Range Tightens

Bitcoin’s ‘Kimchi Premium’ Vanishes Again as Trading Range Tightens

The spread between the price of bitcoin on South Korean and U.S.-based crypto exchanges, which returned in June and hit 16-month highs, has disappeared once again.

14 AUGUST 2019

South Korea Declares Partial ‘Regulation-Free’ Zone for Crypto Companies

South Korea Declares Partial ‘Regulation-Free’ Zone for Crypto Companies

Busan has been declared a “regulation-free” zone for blockchain development by South Korea’s national government, a move long expected but now formalized as part of a larger liberalization push.

2 AUGUST 2019

4 Korean crypto exchanges facing stricter norms from banks post FATF guidelines

4 Korean crypto exchanges facing stricter norms from banks post FATF guidelines

Four cryptocurrency exchanges in South Korea - Bithumb, Upbit, Coinone and Korbit - are reportedly facing stricter requirements for renewal of their accounts from banks in the country.

30 JULY 2019

Someone Is Trying to Trademark ‘Samsung Coin.’ It’s Not Samsung

Someone Is Trying to Trademark ‘Samsung Coin.’ It’s Not Samsung

Someone in South Korea appears to be trying to take advantage of Samsung’s blockchain efforts by nabbing the “Samsung Coin” trademark.

20 JULY 2019

Shinhan Card develops blockchain-based payment system

Shinhan Card develops blockchain-based payment system

Shinhan Card has obtained a patent for a blockchain-based payment system. The company is the first in the world to have established a credit transaction service using the new record-keeping technology, it said Monday.

15 JULY 2019

Korean Watchdog Warns of Financial Stability Risk From Facebook’s Libra

Korean Watchdog Warns of Financial Stability Risk From Facebook’s Libra

Facebook’s recently unveiled Libra cryptocurrency project threatens the stability of financial systems, according to a South Korean financial regulator.

8 JULY 2019

South Korea's Largest Telecom SK Group Invests $10M in ConsenSys

South Korea's Largest Telecom SK Group Invests $10M in ConsenSys

South Korea's largest telecom and the third top conglomerate SK Group has invested $10 million in major global blockchain firm ConsenSys, according to a report by local news agency Chosun on July 2.

2 JULY 2019

Cryptocurrency Adoption Is Highest In These 5 Countries

Cryptocurrency Adoption Is Highest In These 5 Countries

When we think of cryptocurrency adoption, we often assume that South Korea, Japan, or the United States take the lead. Not so, according to the latest results from Statista.

23 JUNE 2019

5 South Korean Crypto Exchanges Take On New Responsibility for User Losses

5 South Korean Crypto Exchanges Take On New Responsibility for User Losses

Five cryptocurrency exchanges in South Korea have increased their liability to users in line with demands from regulators. Local English-language news outlet The Korea Herald reported the news on June 17, citing Yonhap News Agency.

17 JUNE 2019

South Korean Internet Giant Kakao’s Blockchain Platform to Launch in June

South Korean Internet Giant Kakao’s Blockchain Platform to Launch in June

Ground X, the blockchain arm of South Korean internet giant Kakao Corp, has announced the launch date of its own blockchain platform, a Cointelegraph correspondent learned at Consensus 2019 on May 13.

14 MAY 2019

Four Leading US Drug Companies Join Blockchain Project to Manage Chargebacks

Four Leading US Drug Companies Join Blockchain Project to Manage Chargebacks

Pfizer Inc. and other leading American pharmaceutical companies have joined a project to build a blockchain network for the health and pharmaceutical industry, according to a press release on May 2.

6 MAY 2019

South Korea’s Largest Car Supplier Hyundai to Use DLT in Smartphone-EV Pairing Tool

South Korea’s Largest Car Supplier Hyundai to Use DLT in Smartphone-EV Pairing Tool

South Korea’s largest car manufacturer, Hyundai Motor Group, will use blockchain in its new tech for pairing electric vehicles (EVs) with smartphones. Sustainable mobility-focused news agency Green Car Congress reported on the development on April 22.

23 APRIL 2019

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