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UN Security Council reveals that North Korea lumped over $600 million in Cryptocurrency through cyber theft
Recent reports bear claims that North Korea’s capital city Pyongyang has attained an estimated $670 million in fiat foreign currencies as well as cryptocurrencies. As reported by Asian media outlet Nikkei, this is being carried out with the aid of cybercriminals who have been dependent on the blockchain technology in order to remain untraced. дальше »
2019-3-9 07:11 | |
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South Korea’s lost generation of gamers offer a preview of what’s to come
South Korea is bending under the weight of an epidemic. In the world’s most wired country, it’s not opioids or hallucinogens to blame, but the constant call of a connected society. Estimates vary, but South Korea — home to 51 million people — now has about a million internet-addicted children and teens. дальше »
2018-11-14 01:27 | |
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Pure Bit Bamboozles Investors in $2.7 Million ICO Exit Scam
Pure Bit lured investors in with promises of a rewarding ICO then mysteriously vanished, taking 13,000 worth of ETH with them. There’s a Sucker Born Every Minute The South Korean exchange is accused of pulling an exit scam after raising nearly 13,000 ETH ($2. дальше »
2018-11-13 18:00 | |
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Korean Exchange Pure-Bit Pulled an Exit Scam of at Least $2.87 Million Worth of Ether
Funds from another ICO have just disappeared into thin air leaving investors in total despair. Pure-Bit pulled out this latest scam on November 9, 2018 at 5 PM Korea Standard Time. The exit cost investors 13,678 ETH, which translates to roughly $2. дальше »
2018-11-12 18:59 | |
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Samsung’s foldable ‘Galaxy F’ will reportedly launch next March – and it’ll be pricey
After Samsung teased its foldable phone at an event last week, South Korea’s Yonhap News Agency reported today that the company plans to launch the device in March 2019 – with a hefty price tag. дальше »
2018-11-12 13:48 | |
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Crypto Exchange in South Korea Pulls Exit Scam, Stealing $30 Million
Pure Bit, a cryptocurrency exchange in South Korea, has allegedly pulled an exit scam, disappearing with more than $30 million worth of user funds. On Nov. 9, as BlockchainROK, a trusted news source in South Korea reported, the management team of Pure Bit started to delete social media handles of the exchange and kicking users […] The post Crypto Exchange in South Korea Pulls Exit Scam, Stealing $30 Million appeared first on CryptoSlate. дальше »
2018-11-10 12:35 | |
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South Korean Government Sets $35 Million Budget in Efforts to Continue Blockchain Progression
$35 Million Budget Promised by South Korean Government in Efforts to Continue Progression in Blockchain Industry Blockchain technology has afforded many industries and economies the ability to track information in a reliable and trustworthy way over the last few years. дальше »
2018-11-9 23:40 | |
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Changelly Exchange Assists Bithumb In Recovering 1 Million XRP Coins Worth $460,000
The biggest crypto exchange in South Korea, Bithumb was a victim of a massive hack that resulted in a loss of over $30 million of virtual assets. The breach in hot wallet resulted in the exchange immediately stopping their deposits and withdrawal while they moved their funds to the safety of cold storage. Bithumb also […] дальше »
2018-10-31 10:00 | |
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Funds SAFU: Changelly Recovers 1 Million XRP ($460,000) For Bithumb
Changelly Recovers Over $460,000 In XRP For Bithumb In mid-June, as reported by Ethereum World News, South Korea’s foremost cryptocurrency exchange, Bithumb, fell victim to a devastating hack, losing a reported $30 million in the breach of its hot wallets, which are actively connected to the web. дальше »
2018-10-31 06:10 | |
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Backing the Blockchain: Why South Korea’s Investment In Adult Education Matters
Blockchain technology is here to stay, and governments around the world are taking note. South Korea is the most recent government to show its dedication to the tech with an investment of $90 million to create blockchain specialists who steer national technology decisions and conversations. дальше »
2018-10-25 17:30 | |
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North Korean Hacking Group Lazarus Behind $571M in Hacks Since January 2017
North Korean cybercrime hacking group The Lazarus Group is currently the biggest crypto hacking syndicate in the world, having stolen millions worth of cryptocurrencies from online exchanges. дальше »
2018-10-20 00:22 | |
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Bithumb Will Start a Special Promotion for New Foreign Users
South Korea based cryptocurrency exchange Bithumb will be running a new special promotion for new foreign users between Oct. 15 and Nov. 14. The promotion will target new foreign users on the platform who sign up during the promotion period. дальше »
2018-10-18 20:29 | |
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Bithumb Sells $350 Million Stake in Its Cryptocurrency Exchange to a Blockchain Consortium
Bithumb, one of the most important exchanges in South Korea, has sold almost 40% of its shares to a blockchain consortium, in what aims to be a strategy to regain its strength within the Asian market. дальше »
2018-10-14 10:33 | |
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South Korea’s Largest Crypto Exchange Sold to Singapore-Based Consortium
The largest cryptocurrency exchange in South Korea by trading volume, Bithumb, has reportedly been sold to a Singapore-based consortium for approximately 400 billion won or $354 million. Bk Global Consortium, led by plastic surgeon Kim Byung-gun, will acquire the controlling stake and become the largest shareholder of Bithumb. дальше »
2018-10-13 04:05 | |
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Singapore-based Blockchain Consortium Buys Majority Share in Bithumb
Singapore-based BK Global Consortium has paid 400 billion won (approximately $350 million) for a majority stake in South Korean Bithumb, the world’s third-largest cryptocurrency exchange, according to a local news outlet. дальше »
2018-10-13 23:53 | |
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Superstar plastic surgeon buys major South Korean cryptocurrency exchange
Just weeks before regulators decide the fate of domestic initial coin offerings (ICOs), one of South Korea’s largest cryptocurrency exchanges is changing hands. A consortium led by a superstar plastic surgeon has just bought a controlling stake in Bithumb for $353 million. дальше »
2018-10-12 13:54 | |
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South Korea’s Bithumb Sells a Stake to BK Global Consortium for $350 million
The deal would make BK Global Consortium the biggest controller of Bithumb and give the company a great competitive advantage. The post South Korea’s Bithumb Sells a Stake to BK Global Consortium for $350 million appeared first on CoinSpeaker. дальше »
2018-10-12 11:37 | |
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South Korean Exchange Bithumb Sells To Singapore Investor For $353 Million
Bithumb, South Korea’s largest cryptocurrency exchange by volume, has sold to a Singapore entity with the aim of releasing new services and stablecoins. Officials Finalize Majority Stake Deal As Korean news outlet Naver reports October 12, BK Global Consortium paid 400 million won ($353 million) for a majority stake in Bithumb, having previously held a minority position in the company. дальше »
2018-10-12 10:30 | |
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Huge User-base South Korean Startups Flock to The Blockchain
Some of the largest startups in South Korea with over 10 million users are turning to the blockchain. “Baedal Minjik,” a food delivery startup whose annual revenue surged 80 percent last year, and “Joonggonara,” a major used goods marketplace in South Korea, have shown interests in integrating the digital ledger technology. дальше »
2018-10-11 15:00 | |
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Gov’t of South Korea is Endorsing Crypto and Blockchain Like No Other Region
South Korea is leading an example of being the world’s most hospitable regions for crypto and blockchain entrepreneurs. The world’s eleventh-largest economy has committed a $100 million fund to develop its capital Seoul as a center of blockchain innovation. дальше »
2018-10-9 12:10 | |
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Tron Jumps Ahead of TVM Launch, a Copy Paste of Ethereum’s Virtual Machine
Tron has risen from $0.22 to a recent high of $0.28 on trading volumes of $400 million, sending its market cap to $1.7 billion. South Korea is currently leading Tron’s... The post Tron Jumps Ahead of TVM Launch, a Copy Paste of Ethereum’s Virtual Machine appeared first on Trustnodes. дальше »
2018-10-8 18:44 | |
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Philippines to deport fugitives to South Korea for $33M Bitcoin scam
Filipino authorities have advanced on international criminals suspected of running a large-scale Bitcoin pyramid scheme. Authorities have detained two of the six individuals thought to have defrauded South Korean investors for over $33 million, while the others remain on the run. дальше »
2018-10-4 16:35 | |
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Brave CEO Pens Letter to Senate Committee Asking for GDPR-Like Privacy Regulation
Brendan Eich, the CEO of Brave, has written a letter to the U. S. Senate Committee on Commerce, Science and Transportation urging them to implement GDPR-like legislation in the United States. дальше »
2018-10-4 20:51 | |
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North Korea Using Bitcoin And Monero To Fund Nuclear Program
Ever heard of the term crypto laundering? North Korea (DPRK) is trading, laundering and mining cryptocurrencies such as Bitcoin (BTC) and possibly Monero (XMR) in order to evade U. S. sanctions, intelligence experts tell Asia Times. дальше »
2018-9-28 16:30 | |
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AlphaNetworks raises $10 million to build global AI media platform on blockchain
AlphaNetworks, a blockchain-powered entertainment platform supported by AI and cognitive science, announced today the close of USD $10 million of initial funding led by Alphabit Digital Currency Fund and joined by Shuttle Fund of Korea, Smart Contract. дальше »
2018-9-19 02:06 | |
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Hong Kong–Based Blockchain Fund Makes Its Case for Yen-Backed Stablecoin
Grandshores Technology Group, a Hong Kong–listed investment holding company, is seeking to raise around $12. 7 million through a digital token fund, according to reports from the South China Morning Post (SCMP). дальше »
2018-9-19 00:42 | |
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New Mining Manufacturer Linzhi Announces Ethereum ASIC Miner
Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic. дальше »
2018-9-15 01:22 | |
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Huobi Enters Japanese Market With BitTrade Acquisition
Huobi Japan Holding Ltd. has acquired a majority stake in Japanese cryptocurrency exchange BitTrade, marking the top-three exchange’s formal entry into the Japanese market. дальше »
2018-9-14 22:25 | |
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Wash Trader Generates Fake Daily Volume of $250,000,000 on Bithumb
The buy-sell-rinse and repeat cycle of wash trading has bitten a prominent South Korean exchange as an economist and cryptoanalyst named Alex Kruger has discovered the daily fake volume is $250 million. дальше »
2018-9-6 16:59 | |
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Korea’s 2nd Largest Crypto Exchange Sees $250 Million Of Fake Volume Daily
Over the past week, as the crypto market began its slow move upwards, volume saw a resurgence, with the daily volume posted by exchanges rising from an average of $10 billion to $12 billion. Although some investors saw the rising volume as an evident sign of the return of retail interest, some pundits claimed that. дальше »
2018-9-3 09:01 | |
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South Korea: Trading Volume Soars as Bithumb Reopens to New Customers
Major South Korean cryptocurrency exchange Bithumb has announced it will resume accepting new user accounts after resolving a dispute with its banking partner. Month-Long Impasse Ends As local news media outlet Yonhap reports August 29, Bithumb has come to an agreement with Nonghyup Bank, which in July stopped serving it, reportedly due to the exchange’s recent hack in which it lost over $30 million. дальше »
2018-8-29 16:00 | |
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UPbit Exchange Clears $100 Million in Q3 Despite Crypto Bear Market Conditions
Korean Crypto Exchange UPbit Profits in Bear Market UPbit, a South Korean crypto exchange, profited in a bear market by $100 million. The Repository of Korea’s Corporate Filings (DART) released data indicating that in addition to UPbit’s profits, Bithumb, the country’s second-largest trading platform, also made a profit of $35 Million. The third quarter has […] дальше »
2018-8-24 21:28 | |
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Scammers Cheat South Korean Businessman Exchanging Bitcoins For Fake Euros Worth €2 million
Two fraudsters from Serbia deceived the bitcoin seller from South Korea and paid him for bitcoins wirh counterfeit euro notes, drawn in Photoshop. The damage amounted to €2 million.
дальше »2018-8-24 22:28 | |
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Cryptocurrencies in Asia: S.E.A Countries Develop Crypto-Economy and Lure Businesses
Philippines, South Korea, and Thailand ease regulations to lure fintech investment as southeast Asia. In August 2018, The Cagayan Special Economic Zone and Freeport in the Northern Philippines were launched with a $100 million blockchain hub, with the hopes of becoming the “Crypto Valley of Asia. дальше »
2018-8-21 14:00 | |
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Japan’s Biggest Social Network LINE Launches $10M Blockchain Investment Fund
Yet another blockchain investment fund is set to launch in South Korea. Messaging giant Line furthers its foray into the field of cryptocurrencies and is dedicated to streamlining early-stage startup investments with a $10 million fund. дальше »
2018-8-17 10:00 | |
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South Korea Budgets Nearly $4.5B for Blockchain, Emerging Tech
South Korea is planning to invest nearly $900 million next year to accelerate the development of blockchain, artificial intelligence and other emerging technologies. дальше »
2018-8-17 22:56 | |
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South Korea Allocates One Trillion Won for Blockchain Technology in 2019
South Korea is showing a greater interest towards the field of cryptocurrencies, budgeting upwards of one trillion won (around $880 million) for the fields of blockchain technology, AI, and the sharing economy. дальше »
2018-8-16 09:00 | |
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‘Treasure Ship’ ICO Dupes Investors – South Korea Asks Interpol for Help
South Korean police have asked Interpol for help with an investigation into the fraudulent token sale of Shinil Gold Coins that were claimed to be backed by the “treasure” on the sunken Dmitrii Donskoi. дальше »
2018-8-6 16:25 | |
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On a Path to Recovery: Bithumb Reopens Deposits and Withdrawals
Following a disastrous security breach in June that led to losses of more than $30 million, Korean cryptocurrency exchange giant Bithumb has announced that it is set to resume deposit and withdrawal services on its platform. дальше »
2018-8-4 21:48 | |
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Bithumb Resumes Deposits, Influx of Capital Expected
Bithumb, South Korea’s biggest crypto exchange as of May, is officially resuming deposits and withdrawals on August 4, after a month of freezing the platform. Potential Impact of Restoration of Bithumb’s Operations In June, Bithumb experienced a $40 million hacking attack which led to the loss of investors’ funds, falling victim to a major security […] дальше »
2018-8-3 10:06 | |
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Binance Eyes Up South Korea as Next Conquest
Days after marking its first-year anniversary, leading exchange Binance is reportedly poised to enter South Korea. Seeing more than $600 million worth of cryptocurrency traded every day, the South Korean market is the fifth-most active in the world. дальше »
2018-7-26 20:00 | |
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Japan To Regulate Korea’s Largest Crypto Exchange
On June 20, all deposits and withdrawals were suspended to update the platform and improve security system to avoid further threats. Initially, the bithumb team has recovered around 16$ million from the hack, but later controversy increased as the chairman of Financial Service Commission Kim Yong-bum got disappeared, and bithumb stopped all further deposits and […] дальше »
2018-7-17 19:49 | |
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Bithumb Crypto Exchange Set to Establish Japan and Thailand Subsidiaries
Bithumb to Establish Subsidiaries in Japan and Thailand Bithumb, one of the most prominent digital currency trading platforms in South Korea, is expanding operations into Japan and Thailand. As of now, Bithumb averages a daily trading volume of $360 million, making it the second largest exchange in South Korea. For some time now, the firm […] дальше »
2018-7-16 21:05 | |
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Cryptocurrencies are the ‘future of money’: The United States Congress
On 14th July, The United States House of Representatives has gone so far as to say that digital currencies are the ‘future of money’. This latest development comes in the wake of countries such as South Korea, Malta, and Switzerland adopting and implementing clear regulation for the $250 million cryptocurrency market. The United States will begin […] дальше »
2018-7-15 12:15 | |
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Why Kakao, Korea’s Biggest Internet Firm, Was Forced to Pivot From ICO to DApp
Line and Kakao, two of the largest messaging applications in Asia alongside WeChat, with more than 90 percent of the market share in Japan and South Korea respectively, are battling for dominance in the blockchain sector with unique partnerships and decentralized applications. дальше »
2018-7-3 20:00 | |
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