South Korea Archives - Page 6 of 7

Bithumb Can Buy Guam with Its Customers’ Funds and Still Have Change Left

April 17, 2018

The Seoul-based operator of one of the largest Bitcoin ‎exchanges in the world, Bithumb, revealed that it was holding ‎‎$6 billion worth of cryptocurrencies on behalf of its customers as of the end of 2017. ‎...

Bithumb Reports Exploding Profits in 2017

April 10, 2018

Bithumb, South Korea’s biggest cryptocurrency exchange, has reported that its profits rose by a factor of 171 in 2017, according to Coindesk Korea. Bithumb handles around $200 million in daily trading volume...

Huobi Enters South Korean Market With 100 Coins on Offer

April 2, 2018

Huobi, one of the largest cryptocurrency exchanges in the world, has entered the lucrative South Korean market with the launch of a new exchange, called Huobi Korea. The Singapore-headquartered company launc...

Bithumb to Bring Bitcoin ATMs and Kiosks to South Korea

March 4, 2018

Addressing the addiction of South Korean society to cryptocurrency, the country’s largest cryptocurrency exchange – Bithumb – is planning to bring Bitcoin ATMs and kiosks to the tiny peninsular nation, accord...

Mall in South Korea Partners with Bithumb to Accept 12 Kinds of Crypto Payment

January 29, 2018

WeMakePrice, a major online shopping mall in South Korea, has announced that it will now be accepting payment in the form of twelve different kinds of cryptocurrency, including Bitcoin, Ethereum, and Ripple. ...

South Korea is Poised to Ban Crypto Trading; Crypto Community Claims FUD

January 11, 2018

South Korea, the country with the third-largest Bitcoin trading volume in the world, has announced the tentative planning of a bill that would ban the trading of cryptocurrency through exchanges. South Korea...

South Korea to Ban Anonymous Accounts in Cryptocurrency Transactions

December 28, 2017

The South Korean government has been engaged in a determined battle to combat the unregulated cryptocurrency exchange market. In an attempt to limit the amount of speculation and to protect the financial secu...

Surge in Bitcoin Demand Causing South Korea to Rethink its ICO Ban

December 7, 2017

Bitcoin is on a crazy ride this week. In the last 24 hours alone, the coin gained more than $2000 and reached $15,200 at the time of writing. However, in South Korea, the situation has grown even more tumultu...

South Korea Drawing Up Regulations for Cryptocurrency Exchanges

November 29, 2017

Amid the meteoric rise of Bitcoin, the South Korean Financial Services Commission (FSC) is finalizing the proposed regulatory draft for the cryptocurrency exchanges. Unauthorised fundraising As reported b...

South Korea Arrests Seven Men Involved in Bitcoin Ponzi Scheme

November 22, 2017

Authorities in South Korea have reportedly arrested a group of seven individuals in the province of Jeonbuk for allegedly operating a Bitcoin Ponzi scheme, targeting middle-aged investors with no experience o...