Sentences with phrase «korean crypto exchanges»

The new information about ongoing hacking attacks on South Korean crypto exchanges, reportedly sponsored by the North, comes days before the official start of Pyeongchang 2018 (9 — 25 February).

Do you think reports of continuing North Korean attacks on South Korean crypto exchanges will cast shadow over «United Korea» Olympics?

The post Growing Number of South Korean Crypto Exchanges Participate in Self - Regulation appeared first on Bitcoin News.

As usual, there isn't space to delve into the remainder of this week's most fascinating stories, such as Korean crypto exchanges poaching bank workers or the bitcoin effect causing Japan's GDP to grow.

Other countries will not have access to the crypto assets offered by South Korean crypto exchanges.

The point is, thanks to the amount of trading as well as the scale of trading, South Korean crypto exchanges are being forced to innovate security as well as scaling solutions.

Cryptocurrencies, which are heavily concentrated in the South Korean crypto exchange market in terms of daily trading volume and user activity, have recovered faster than others.

Very recently a major South Korean crypto exchange known as Bithumb had fallen prey to the malicious attack of hackers in June causing investors to lose millions of funds.

This South Korean crypto exchange is in it for the long haul, expanding its business model and allying with regulators and big banks.

TechCrunch reports South Korean crypto exchange YouBit folded recently after losing $ 35 million.

South Korean crypto exchange Coinone has already agreed to enforce the new guidelines from January 30.

Also relevant is the fact that recent reports indicate North Korean government hackers have been probing and sabotaging South Korean crypto exchange operations in recent months.

The post Major Korean Crypto Exchange Upbit at Center of Regulatory Controversy appeared first on Bitcoin News.

Not exact matches

Following raids on crypto exchanges, the South Korean government said Monday (Jan. 15) that it will make a decision on a cryptocurrency...

The purported reason for the omission is that crypto prices are significantly higher on South Korean exchanges than elsewhere, primarily due to local demand.

This is just a week after Ripple rose to a second place on the crypto market, partly due to an increased trading volume on South Korean exchanges.

The South Korean government is looking at ways to regulate the cryptocurrency market, crypto exchanges included.

While the crypto market has seen a major correction recently, Korean exchanges show future optimism and double down on self - regulation efforts.

Korean bitcoin and cryptocurrency exchange Coinrail, which newly launched on October 11th with markets in top crypto - assets will be adding two more today with listings on Edgeless (EDC) and Zcash (ZEC) tokens.

According to a South Korean parliamentarian, the information that the national government will not close the crypto - exchanges was published 40 minutes after its announcement to journalists, which made it possible to use it for personal enrichment purposes.

South Korean internet company Kakao, a major provider of a popular messaging app for Korean users has announced the launch of a new Korean crypto to crypto exchange called UPbit in partnership with the popular bitcoin and blockchain asset exchange Bittrex.

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South Korean exchanges were removed by industry website CoinMarketCap from its listing in early January given its «extreme divergence in prices» compared to the rest of the crypto markets worldwide.

This could be attributed to the difficulties the Crypto space faced last week from FUD involving South Korean Justice department announcing a Crypto ban on noncompliance exchanges to Indonesia moving towards banning all Crypto related activities in the Country and Brazil declaring cryptocurrencies as a non-financial asset.

Last week, Altcoins hit the lowest levels in the last four months after Japanese and South Korean regulators clamped down on crypto exchanges.

While prices on South Korean exchanges are often higher than elsewhere, it still remains perplexing why an analytics website would exclude up to 20 % of the total crypto market trade volume which happens to occur in this one Southeast Asian nation.

The earnings of South Korean crypto - exchanges on fees for trading operations in 2017 have reached $ 648 million.

The Korean crypto market is dominated by four exchanges; Bithumb, Upbit, Coinone, and Korbit.

Following a frenzy of activity over the weekend which pushed the total crypto market capacity over $ 800 billion and shut down several exchanges to new users, analytics website CoinMarketCap arbitrarily decided not to include data from South Korean exchanges.

The Korean government has been trying to restrict crypto - trading recently, raiding major exchanges and floating ideas such as bans on domestic trading.

One of the biggest issues which have been plaguing the South Korean government off late is the fact that crypto exchanges are slowly going out of business.

Starting from February, traders of South korean crypto - exchanges have to disclose their real names while opening virtual bank accounts, and the national trading platforms are obliged to comply with strict requirements of security systems.

Bitcoin is up more than 8 % Wednesday morning, mirroring the broader cryptocurrency market, after the South Korean government appeared to backpedal on its reported plans to ban crypto mining and exchanges in the country.

Ripple in particular is traded on South Korean exchanges at very high volumes, a fact which reportedly helped bring Ripple to second place on the crypto market just last week.

With a crazy rush of investors registering on crypto exchanges and given concerns over issues connected with money laundering and tax evasion, the South Korean government banned the opening of any virtual accounts on the exchanges last month and even asked the existing virtual currency traders to change their virtual accounts to the ones with real names.

The inclusion of the data from the Korean exchanges resulted into huge diversion in the price of cryptos in comparison to the rest of the world.

South Korean intelligence has informed lawmakers during a parliamentary hearing in Seoul that the North has never stopped trying to hack crypto exchanges in the country.

A tweet confirmed by sources close to the matter says crypto exchange Bitstamp will soon be bought for around $ 400 mln by South Korean investors.

Korean regulators have targeted leading commercial banks in an attempt to prevent the opening of virtual accounts to clients of the crypto exchanges.

North Korea is no stranger to cryptocurrencies: The rogue regime has been accused of launching a global ransom attack to raise bitcoin, hacking South Korean exchanges, and mining crypto both

Still, many people enjoy the lax (er) regulation and lower fees that these «outsiders» provide which is what made Bithumb, a Korean exchange, into one of the world's most popular platforms for crypto trading.

After reporting one of its major banks was working on a Bitcoin wallet, South Korean social media account Crypto Korean noted that with a total market cap of over $ 300 billion, crypto had beaten the country's Kosdaq exchange cap of $ 275 biCrypto Korean noted that with a total market cap of over $ 300 billion, crypto had beaten the country's Kosdaq exchange cap of $ 275 bicrypto had beaten the country's Kosdaq exchange cap of $ 275 billion.

News.Bitcoin.com The South Korean government is conducting on - site inspections of crypto exchanges following the release of its emergency measures for cryptocurrency regulation.

So, starting from February, it is forbidden to use anonymous virtual accounts, as the country's financial authorities decided to check all South Korean crypto - exchanges and banks, dealing with those exchanges, on compliance with anti-money laundering rules.

In an effort to curb speculation, the Korean government considered extreme measures including an outright ban of crypto trading and closing down crypto exchanges.

Earlier this year, Korean financial regulators conducted inspections in leading commercial banks, targeting the «virtual accounts» used by crypto exchanges to manage their clients» money.

On Monday, Cointelegraph reported on how Korean authorities would likely stop short of an outright cryptocurrency exchange «shutdown,» but had introduced fines for users unwilling to use personal identification data on crypto exchanges in the country.

Therefore, a false alarm caused the recent crypto market dip due to coin market cap's temporary exclusion of South Korean exchanges from their platform.

Last month in March 2018, the Korean regulators were investigating the local banks who do business with local crypto exchanges to see whether they are implementing the anti-money laundering measures or not.