Tag Archives: South Korea

South Korea’s Top Financial Watchdog Joins Probe Into Cryptocurrency Exchanges

South Korea’s Top Financial Watchdog Joins Probe Into Cryptocurrency Exchanges

South Korea’s top financial regulator the Financial Services Commission (FSC) joined the ongoing probe into local cryptocurrency exchanges Sunday, May 13. The FSC will now be taking part in the anti money laundering investigation, hitherto led by the Financial Supervisory Service (FSS), in order to help expand its scope, news outlet Korea Timesreports. Commenting on the agency’s move, Vice Chairman of the […]

Cryptocurrency Market Loses $50 Billion as South Korean Exchange Is Suspected of Fraud

Cryptocurrency Market Loses $50 Billion as South Korean Exchange Is Suspected of Fraud

The cryptocurrency market turned upside down on Friday, having lost about $50 billion market capitalization overnight. With the exception of only Augur, Nuls, and Tether, the whole list of top 100 digital currencies are on the red. The dreadful sentiment seems to be a reaction to reports that South Korea’s exchange Upbit is suspected of fraud. […]

South Korean Startups Push for Blockchain Adoption in Medical Sector

South Korean Startups Push for Blockchain Adoption in Medical Sector

Blockchain technology can make a big impact in various industries. Outside of the financial sector, a few options are being explored right now. The medical industry, for example, can benefit from distributed ledgers as well. South Korean startups are pushing hard to bring healthcare and blockchain together in the years to come. South Korea Promotes Blockchain Most people know South Korea plays […]

Crypto Exchange CEO Runs For Mayor Of Taipei To Make It Asia’s ‘Pioneer Blockchain City’

Crypto Exchange CEO Runs For Mayor Of Taipei To Make It Asia’s ‘Pioneer Blockchain City’

CEO of major over-the-counter (OTC) crypto exchange OTCBTC and Facebook hackathon winner Yi-Ting Cheng (better known as xdite) has announced that she is running for mayor of the Taiwanese capital city Taipei this year, according to Cheng’s Facebook post on April 14. Cheng is known as a world class developer and hacker, having won the Global Grand Prize at […]

Hating On Craig Wright Has Become Crypto’s Feel-Good Uniting Force

Hating On Craig Wright Has Become Crypto’s Feel-Good Uniting Force

Satoshi or not, it’s been a rough week for Craig Wright. The man who rose to notoriety in 2016 by boldly claiming he was bitcoin’s creator is under fire from not just some of the industry’s most respected names, but the very people that have most embraced his shaky affirmation. Indeed, despite not offering any evidence to date […]

Regulation or Not: Korea’s Crypto Exchanges Pledge Market Cleanup

Regulation or Not: Korea’s Crypto Exchanges Pledge Market Cleanup

“It was a fantastic year in 2017.” As stated by Junhaeng Lee, co-founder and CEO of Seoul-based crypto platform Gopax, that’s one simple but accurate summary of the last year for cryptocurrency exchanges in South Korea. Indeed, since earlier last year, crypto trading volume in the country has surged to a point where exchanges from South Korea have […]

Binance Fights Increasing Regulation

Binance Fights Increasing Regulation

Zhao Changpeng, founder of Binance, was able to grow his company into the world’s largest digital-asset exchange by traded value in less than eight months. The exchange, however, may face challenging times as regulators worldwide start clamping down on the cryptocurrency market. Zhao has described regulation as a risk for Binance. Binance Under Pressure as Regulators Clamp Down […]

Ripple ‘Very Confident’ of Hitting China’s Market This Year with Blockchain Payments Solution

Ripple ‘Very Confident’ of Hitting China’s Market This Year with Blockchain Payments Solution

Ripple is ‘very confident’ that it will hit China’s market this year with its blockchain-based payments solution, according to reports. Sagar Sarbhai, Ripple’s head of government and regulatory relations for Asia Pacific, explained that while it was ‘still very early days,’ the team were discussing how it can enter the Chinese industry with regulators, payment providers, […]