South Korea Archives - Page 5 of 7

South Korean Authorities Nabb 12 for $18 Million Crypto Ponzi Scheme

August 4, 2019

South Korean authorities last Thursday busted a crypto-related Ponzi scheme which duped around 56,000 people for more than 21.2 million won (around $18.7 million). According to the April 8 Korea Joongang Dai...

Binance Planning to Launch a Crypto Exchange in South Korea

July 16, 2019

Binance, one of the largest global crypto exchanges by volume, is eying to enter the South Korean market by opening a new branch in the country. According to the local news outlet Block In Press, Changpeng “...

Bithumb’s Parent Secures $200 Million from Japanese Blockchain Fund

April 15, 2019

The operator of South Korean crypto exchange Bithumb has secured $200 million in funding from Japan’s ST Blockchain Fund. According to an April 15 Cointelegraph report, the Blockchain Exchange Alliance (BXA)...

South Korean Authorities Nabb 12 for $18 Million Crypto Ponzi Scheme

April 8, 2019

South Korean authorities last Thursday busted a crypto-related Ponzi scheme which duped around 56,000 people for more than 21.2 million won (around $18.7 million). According to the April 8 Korea Joongang Dai...

Kakao Reportedly Set to Integrate Crypto Wallet in Messaging App

March 19, 2019

South Korean giant Kakao will integrate its cryptocurrency wallet in its widely-used messaging app KakaoTalk, claims the local financial media outlet Fnnews. Kakao is the largest internet conglomerate in Sou...

Bithumb Lays Off 160 Employees as Crypto Cutback Continues

March 18, 2019

South Korean crypto exchange Bithumb, ranking among the biggest exchanges worldwide, is laying off over 150 employees. The move represents roughly 50 percent of Seoul-based exchange’s workforce, an official a...

Korea’s Paradise Group To Consider Continuous Partnership With Sega Sammy

January 30, 2019

Korea’s leading integrated resort operator, Paradise Group, is considering extending its partnership with Japan’s Sega Sammy to a joint bid for a Japanese IR license. The two companies are current joint vent...

Chinese Crypto Exchange BTCC Heads to South Korea

October 17, 2018

BTCC, China’s first cryptocurrency exchange, has set its sights on South Korea, reportedly announcing on Tuesday that it is launching its services in the country on October 31, 2018. Formerly known as BTC Ch...

Binance to Open Branch in South Korea

July 24, 2018

Binance, the busiest cryptocurrency exchange in the world, is about to enter the South Korean market, according to Business Korea. The news was announced by CEO Changpeng Zhao at a speech delivered at an eve...

Millions of Dollars Stolen from Bithumb of South Korea

June 20, 2018

Bithumb, one of the largest cryptocurrency exchanges in the world, has been hacked to the tune of 35 billion won, according to Yonhap News. This figure is equal to about $31.6 million. https://twitter.com/Bi...