Court Win for Bithumb Exchange in Case of Crypto Investor’s $355K Hack
A South Korean court has ruled in favor of the Bithumb exchange after a user was hacked for around $355,000 and moved to sue the firm over the loss.
Executives at Korean Crypto Exchange UPbit Indicted for Fraud
The executives of UPbit, one of South Korea’s largest cryptocurrency exchanges, have been formally charged by the country’s prosecutors.
Korea is Pushing Positive Crypto Legislation: What Happens After it’s Passed?
The government of South Korea is hurrying the finalization of the country’s first crypto and blockchain legislation, to recognize the cryptocurrency and blockchain sector as legitimate industries.
Korean Government to invest 230 Billion Won in Blockchain Technology
The government is looking to catch up to international leaders in the blockchain technology industry.
Korean Banks Can Use Blockchain to Verify Customer IDs from July
A national banking group in South Korea is to roll out a blockchain-based ID verification system for domestic commercial banks in just weeks.
Korean Peace Agreement Recorded on Ethereum Blockchain
Last week’s meeting between South Korean president Moon Jae-in and North Korean leader Kim Jong-un has been recorded on the ethereum blockchain, where the historic Panmunjom Declaration that the two nations signed will now be stored in perpetuity.
Korean Police Bust Bitcoin Miners Illegally Using Cheap Factory Power
Fourteen people from 13 companies have been arrested for illegally using cheap electricity to mine cryptocurrencies at industrial complexes in South Korea.
Op Ed: Why Korea Could Be the First Cryptocurrency-Powered Nation
Korea has many of the pieces of the puzzle to become the first “Crypto-Powered Nation,” one that runs on blockchains and supports a crypto economy. Here’s what I learned during an intense two and a half days there in March 2018.
Kakao Confirms Creation of Blockchain Platform, Denies ICO Rumor
South Korean internet giant Kakao has confirmed it is setting up a new blockchain subsidiary, but quashed rumors of a planned initial coin offering.
South Korea: Financial Regulators To Investigate Banks Over Crypto AML Measures
South Korean financial regulators will investigate local banks over compliance with anti-money laundering (AML) guidelines for operations with cryptocurrency exchanges, as reported by a local news outlet Yonhap News yesterday, March 21.
Korea Telecom Announces Blockchain For Network Security
South Korea's leading mobile carrier, Korea Telecom (KT), said Tuesday that it plans to use new telecommunications system powered by blockchain security solutions.
Global Blockchain Patent Filings Spiked In 2017, Korea's IP Office Says
Last year saw a sharp rise in global blockchain-related patent applications, according to the South Korean Intellectual Property Office (KIPO).
Korean Cryptocurrency Exchanges’ Commission Sales Spike 85x in 2017
South Korean cryptocurrency exchange operators have reportedly made enormous gains in commission-related sales in 2017, over 85 times that of the previous year.
8% of Anon Cryptocurrency Accounts Switch to Real-Names in South Korea, So Far
A week after the South Korean government banned the anonymous trading of cryptocurrencies, under 10% of virtual bank accounts have reportedly converted to real-name accounts.
South Korean Petition Against Crypto Regulation Gets 200K Signatures, Government Must Respond
Tuesday morning, Jan. 16, a South Korean petition against the regulation of virtual currency reached the amount of signatures required to compel a response from the government.
17% of Bitcoin Reserves Stolen: Korean Exchange Youbit Declares Bankruptcy after Hack
The company that operates South Korean cryptocurrency exchange Youbit filed for bankruptcy after the trading platform was breached for the second time this year.
Bitcoin Price Falls Below $16,400, Loses Nearly 15% in Major Correction
Bitcoin price has declined from $19,000 to $16,390 over the past 24 hours, as the bitcoin dominance index dipped dropped to 47 percent and alternative cryptocurrencies in the market surged in value.