Sentences with phrase «korean cryptocurrency»

Bithumb Launches New Advertising Offensive South Korean cryptocurrency exchange platform Bithumb has had an action - packed week.

Regulation The new South Korean cryptocurrency account system has entered into force nationwide today, ending the current practice that allowed for anonymous trading of cryptocurrencies.

The cryptocurrency has soared 21 percent in the last 24 hours, according to CoinMarketCap, possibly helped by a new listing on Bithumb, the major South Korean cryptocurrency exchange.

These investors then purportedly return to South Korea to withdraw their funds from online wallets via Korean cryptocurrency exchanges.

Despite the local ban, many Korean cryptocurrency users are still participating in international ICOs.

The period of uncertainty in the South Korean cryptocurrency ecosystem has become much more clear, as authorities have pledged they will henceforth support the growth of the sector.

South Korea's National Pension Service «Indirectly» Invests in Crypto Exchanges, Sparks Outrage South Korea's National Pension Service (NPS) has invested around USD 2.5 million in Korean cryptocurrency - related companies, according to official data.

This move hopes to curb fraudulent practices in the ever vibrant Korean cryptocurrency ecosystem.

The decline appears to be at least partially linked to a report from regional media outlet Yonhap that South Korean regulators are planning to conduct an «intensive probe» into bank accounts belonging to South Korean cryptocurrency exchanges.

North Korea is continuously trying to hack South Korean cryptocurrency exchanges, the National Intelligence Service told deputies on Monday.

The South Korean cryptocurrency exchange affiliated with Kakao Talk has recently become the center of regulatory controversy.

Hackers from the notorious Lazarus Group were implicated in the 2017 attacks on South Korean cryptocurrency exchanges, Korean media reported in mid-January.

Within the past three years, Draper has funded both regional and international bitcoin businesses, including the $ 1.6 billion bitcoin brokerage and wallet platform Coinbase, $ 160 million South Korean cryptocurrency exchange Korbit, and bitcoin service provider Coinplug.

Over the past few weeks, local investors were concerned with the abrupt decision of Kookmin Bank to close down virtual bank accounts launched on South Korean cryptocurrency exchanges.

According to market analysts, one of the reasons behind the slump is that on Monday Coinmarketcap removed South Korean cryptocurrency prices from its listing due to «the extreme divergence in prices from the rest of the world and limited arbitrage opportunity.»

Within the South Korean cryptocurrency exchange market, the price of Bitcoin Cash has surpassed $ 3,800, due to a flurry of...

The removal of South Korean rates was controversial, primarily because the well - regulated South Korean cryptocurrency exchange market has been accountable for more than 50 percent of global Ripple trades over the past few weeks.

ICO KOREA» mission is to provide every ICO projects the chance to meet Korean cryptocurrency community without any language barriers and to participate as early contributors for those selected ICO.

Adam James · April 5, 2018 · 7:00 pm The CEO of high - profile South Korean cryptocurrency exchange Coinnest has reportedly been arrested after siphoning user funds into his own account.

The South Korean cryptocurrency market processes two times more volume than the country's main stock market (KOSDAQ).

As if being hacked twice in eight months, losing 17 percent of its net assets, and having to file bankruptcy was not bad enough, South Korean cryptocurrency exchange Youbit now finds itself trapped in a classic out - of - the - frying - pan-into-the-fire situation.

The figures were revealed by App analyst Wiseapp, who also found that users spent an average of over 13 minutes per day on the top 10 Korean cryptocurrency apps.

Police in Seoul say they have arrested employees from «at least two» South Korean cryptocurrency exchange platforms, including Coinnest.

The post Kakao Operator Opens New Korean Cryptocurrency Exchange «Upbit» in Beta appeared first on CryptoCoinsNews.

Local mainstream media outlets in South Korea including Chosun and HanKyoReh have also reported that cryptocurrency premiums within the South Korean cryptocurrency exchange market, better known as the Kimchi Premium, have started to increase again.

On Monday, South Korean parliamentarian Kim Byung - kee said that the National Intelligence Service suspects North Korea of stealing millions of dollars from South Korean cryptocurrency exchanges last year.

The sell - off from investors in the South Korean cryptocurrency exchange market in fear of a potential cryptocurrency trading ban, which has now been debunked by the Ministry of Strategy and Finance, caused the cryptocurrency market to fall in value.

But, based on the statement of Korbit, foreigners will be able to trade until January 31 and by the end of this month, overseas investors will no longer be able to deposit Korean won on South Korean cryptocurrency trading platforms.

Apparently, the South Korean cryptocurrency exchange ban rumors led to a domino effect across all major regions and exchanges.

Furthermore, in the South Korean cryptocurrency exchange market, Bitcoin is being traded at over $ 21,000, with a staggering $ 5,000 premium over the global average market.

Specifically, cryptocurrencies that are heavily concentrated in the South Korean cryptocurrency exchange market in terms of daily trading volume and user activity have recovered faster than others.

A few days ago, and basically without any pre-announcement, the above mentioned CoinMarketCap dropped all three of the major South Korean cryptocurrency exchanges from its price calculations.

As Cointelegraph previously reported, the South Korean cryptocurrency exchange market, which has accounted for nearly 50 percent of global Ripple trades over the past week, pushed the market valuation of Ripple from $ 40 bln to $ 120 bln within less than a month.

This marks the first time the head of any South Korean cryptocurrency exchange platform has been arrested.

Bithumb Releases App «for Professional Investors» South Korean cryptocurrency exchange platform Bithumb (the world's seventh biggest exchange per market volume) has unveiled a new app aimed at professional investors.

As of Jan. 30, South Korean cryptocurrency traders will no longer be able to trade cryptocurrencies like Bitcoin and Ethereum anonymously.

Contributing to this pioneering effort will be Bithumb; the popular South Korean cryptocurrency exchange that is partnering with the online retailer.

Even though daily trading volumes on South Korean cryptocurrency exchanges are greater than those on the

Bitcoinist recently reported that North Korean hackers might have been behind a wave of Spearphishing attacks that were targeting South Korean cryptocurrency exchanges.

Even though daily trading volumes on South Korean cryptocurrency exchanges are greater than those on the KOSDAQ, the Korean version of the NASDAQ, authorities are reluctant to do anything which could be seen as an endorsement the new currencies.

These encouraging developments from as critical a crypto player as South Korea, particularly amid such bearish market conditions, is consistent with recent analysis which shone light on the fact that each major South Korean cryptocurrency trading platform had attracted the financial backing of some of the nation's largest multi-billion conglomerates in various sectors like insurance, telecommunications, gaming, and Internet.

The new South Korean cryptocurrency account system has entered into force nationwide today, ending the current practice that allowed for anonymous trading of cryptocurrencies.

Ripple, in particular, has nearly 50 percent of its trades processed by South Korean cryptocurrency exchanges like Bithumb and Korbit.

Furthermore, the ICO ban in China and South Korean cryptocurrency ban are only temporary and are likely to be dropped in the nearest future.

Popular South Korean cryptocurrency exchange Bithumb is partnering with digital payment service provider Korea Pay Services (KPS) to pave the way for widespread...

Yoo expressed his concerns over the strict regulations the South Korean government plans to implement, given that harsh regulations can restrict the exponential growth rate of the South Korean cryptocurrency market.

Within the past week, South Korean cryptocurrency premiums rose from 2 percent to 7 percent, as the demand for the cryptocurrency market increased rapidly.

S Korean Cryptocurrency Miner Arrested for Breech of Business Laws A South Korean man has been arrested after police discovered him operating an illegal cryptocurrency mine at an industrial complex.

Dayli is also the owner of Coinone, which is one of the top South Korean cryptocurrency exchanges.

The South Korean cryptocurrency exchange is very strongly affected by FOMO or fear of missing out.