Tag Archives: South Korea

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, […]

Bitcoin Price Tops $11,600 Amid Keen South Korean Trading

Bitcoin Price Tops $11,600 Amid Keen South Korean Trading

Bitcoin’s recovery continues apace, with prices passing $11,600 in the morning’s trading. According to CoinDesk’s Bitcoin Price Index, at around 07:00 UTC today, the cryptocurrency reached $11,645.12, before dropping slightly again. At time of writing, the bitcoin global average was at $11,462. Notably, price are higher over on data provider CoinMarketCap, where high prices in South Korea […]

Bitcoin Demand in South Korea Rises as Trade Volume Hits Monthly High

Bitcoin Demand in South Korea Rises as Trade Volume Hits Monthly High

As demand returns to the markets South Korea is once again leading the way for trade volume. Bitcoin recorded a monthly high trading volume on exchanges in the country as fears of clampdowns subside and confidence returns to the crypto markets. Local media reported that domestic Bitcoin trading volume reached a maximum value in the month following […]

New Monero-Mining Malware Targets Android Devices, Thousands Infected

New Monero-Mining Malware Targets Android Devices, Thousands Infected

Researchers from Chinese Cybersecurity company 360Netlab has discovered a new Android-based cryptocurrency mining malware that infects vulnerable Android devices to mine cryptocurrency, as reported in a blog post from the firm on Feb. 6. As 360Netlab reports, the ADB.Miner worm scans can affect any kind of Android device, including smartphones, tablets, and television sets. The malware infects the device to mine Monero (XMR) coins and sends all […]