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Bithumb reduces shrink-Agrees to reimburse customers
Exchanges South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange promises to fully repay customers using its own fund even though its insurance is unlikely to cover the loss. дальше »
2018-6-23 04:05 | |
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Bitcoin, Ethereum Slide Back in to Red as Market Reacts to Japanese Regulation, South Korean Tax Confusion
The cryptocurrency market has swung violently back into the red due to a series of regulatory movements from Asia, spooking skittish market participants. Bitcoin and Ethereum plummeted by almost 10% as Japanese regulators crack down on exchange action. дальше »
2018-6-23 02:13 | |
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Bithumb Lowers Theft Estimate – Will Fully Repay Customers Despite Deficient Insurance
South Korean exchange Bithumb has lowered its theft estimate from the original amount after undergoing some of the recovery process. The exchange promises to fully repay customers using its own fund even though its insurance is unlikely to cover the loss. дальше »
2018-6-23 01:40 | |
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Two Huge Hacks In Two Weeks Didn’t Crash The Markets, Here’s Why
Yesterday, we saw news of another hack of the South Korean cryptocurrency exchange, Bithumb, the hack, resulted in the theft of over $30 Million. Just over a week ago, we also saw a similar scale hack take hold of (another South Korean cryptocurrency exchange) Coinrail, this time, we saw theft in excess of $40 Million. дальше »
2018-6-22 13:30 | |
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Korea begins probe into crypto-currency hacking attacks
Regulation Following the alleged hacks of South Korean crypto exchanges, the government has formally launched an investigation into the cause of the hacks. Japan Confirms Entrance Into the Crypto Space Government’s Response The South Korean government announced on Wednesday, June 20, that it has formally launched an investigation into the cause of the alleged security дальше »
2018-6-22 09:11 | |
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Korean Government Launches Investigation into Crypto Hacks
Following the alleged hacks of South Korean crypto exchanges, the government has formally launched an investigation into the cause of the hacks. The authorities will also perform security checks on all crypto exchanges’ systems. дальше »
2018-6-22 06:20 | |
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South Korean Bithumb Exchange Agrees to Repay Customers that were Hacked
South Korean crypto exchange Bithumb has today confirmed it will reimburse users affected by the theft of 35 bln won (about $30 mln) from its hot wallet two days ago, in an official announcement today, June 21. дальше »
2018-6-22 01:03 | |
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Hacked S. Korean Crypto Exchange Bithumb Confirms It Will Reimburse Affected Users
South Korean crypto exchange Bithumb stated it will reimburse users affected by the $30 mln hack that took place two days ago
дальше »2018-6-21 21:36 | |
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In order to recover hacked funds Bithumb is working with other Crypto Exchange
The exchange stated: “We have announced about 35 billion Korean won of damages … Bithumb is reducing the amount of damage through ongoing damage recovery, future figures are expected to be lower. дальше »
2018-6-21 20:30 | |
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What has changed from Mt. Gox to Bithumb; 7 years down the line
OPINION: Earlier today, top Korean cryptocurrency exchange platform Bithumb was hacked for a loss of about $30 million. While this has been the buzz in the crypto world, many have forgotten that another infamous hack occurred on this day. дальше »
2018-6-21 13:02 | |
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Multiple Crypto Exchange Hacks Lead to Detailed Plans Made by Korean Government
Regulation Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes multiple new obligations on crypto exchanges. дальше »
2018-6-21 07:04 | |
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Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks
Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes multiple new obligations on crypto exchanges. дальше »
2018-6-21 06:10 | |
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Tether Shows Law Firm Its Funds But Stops Short of an Audit
Tether has released a surprise “Transparency Update” that purports to show it has enough funds in the bank to cover the $2. 6 billion of USDT in circulation. The company has stopped short of a full audit, however, leaving critics bemoaning Tether’s inability to settle the solvency debate once and for all. дальше »
2018-6-20 21:10 | |
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Korean Ministry Initiates Investigation Into Causes Of Bithumb Crypto Exchange Hack
The South Korean Ministry of Science and Technology (MIC) has set up a probe into the theft of $30 million from the world’s sixth largest cryptocurrency exchange Bithumb, Yonhap News reports Wednesday, June 20. дальше »
2018-6-20 18:25 | |
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Korean Ministry Launches Probe Into Causes of Bithumb Crypto Exchange Hack
The South Korean Ministry of Science and Technology has launched a probe into the theft of $30 mln from the world’s sixth largest crypto exchange Bithumb
дальше »2018-6-20 13:32 | |
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Market Declining Following Bithumb Hack Of $30 Million Worth Of Coins
The South Korean crypto market is scrambling to retain its normalcy after hackers attacked and made away with about $30 million worth of crypto coins from Bithumb. Bithumb is a South Korean cryptocurrency exchange, the 2nd largest in the country and 6th largest in the world. дальше »
2018-6-20 12:18 | |
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Crypto Switch Bithumb Stops Withdrawals during $31 Million Hack
The company said in an announcement today that the hack happened between late Tuesday night until early Wednesday morning Korean time. Though Bithumb has yet to disclose which cryptocurrency or in what amount had been damaged, it said in the announcement that the loss will be covered by the platform. As such, Bithumb said investors should дальше »
2018-6-20 10:17 | |
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Major Korean Crypto Exchange: $31 Million Vanishes
Bithumb, South Korea’s largest crypto exchange announced on its website that between Tuesday evening and Wednesday morning, Korean time, 35 billion won (about 31. 5 million USD) worth of cryptocurrencies vanished. дальше »
2018-6-20 09:20 | |
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Hackers have breached the sixth largest exchange in the world Bithumb
Hackers have stolen cryptocurrencies worth $30 million from South Korea’s leading virtual currency exchange Bithumb, Cointelegraph Japan reported June 19. According to CoinMarketCap, Bithumb’s 24-hour trade volume at press time is over $374 million, the world’s sixth largest. дальше »
2018-6-20 08:48 | |
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South Korean Crypto Exchange Bithumb Hacked, $31.5 Million Stolen
Popular South Korean cryptocurrency exchange Bithumb has suspended all deposits and withdrawals following a hack resulting in the theft of more than $31 million worth of cryptocurrencies. This marks the second Korean exchange hack in as many weeks. дальше »
2018-6-20 07:30 | |
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Korean Crypto Exchange Unveils Plan to Restart Despite Hackings and Controversies
Exchanges South Korean cryptocurrency exchange Coinrail has unveiled its plan to resume service despite surrounding controversies. The exchange reportedly removed a key part of its terms of service right before it was allegedly hacked, arousing suspicions. дальше »
2018-6-20 21:31 | |
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Hacked Korean Crypto Exchange Unveils Plan to Restart Service Amid Controversies
South Korean cryptocurrency exchange Coinrail has unveiled its plan to resume service despite surrounding controversies. The exchange reportedly removed a key part of its terms of service right before it was allegedly hacked, arousing suspicions. дальше »
2018-6-20 18:10 | |
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Korean crypto exchanges step up to aml compliace. Banks are burning out
Regulation As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance. дальше »
2018-6-18 10:37 | |
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As Korean Crypto Exchanges Step Up AML Compliance, Banks Are Failing
As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance. дальше »
2018-6-18 08:40 | |
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The Crypto Refresh June 17th 2018
We are back again with our weekly refresh of all things crypto. The crypto refresh is designed to bring you a weeks’ worth of cryptocurrency news in a bitesize format. We appreciate that you might not always have time to trawl through the headlines so therefore, each weekend we summarise the best bits for you. дальше »
2018-6-18 23:05 | |
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Direct Supervision Over Crypto Exchanges sought by South Korea’s Government
The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This is the first time a government agency has said it will oversee crypto exchanges. дальше »
2018-6-15 06:36 | |
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South Korean Government Agency Seeks Direct Supervision Over Crypto Exchanges
The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This will obligate crypto exchanges to follow anti-money laundering directives like banks do. дальше »
2018-6-15 03:50 | |
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South Korea to Develop ‘Crypto Beach’, Modelled After Switzerland’s ‘Crypto Valley’
A South Korean financial association plans to build “Crypto Beach” in Busan to explore and keep blockchain technology prospects in the country
дальше »2018-6-15 01:24 | |
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Korea University and Huobi Subsidiary announced partnership
In the name of “industry-academia” cooperation in the field of blockchain development, Korea University is reportedly teaming up with the South Korean subsidiary of crypto exchange Huobi. Huobi was originally founded in Beijing in 2013, though it is now headquartered in Singapore, with branches in the US, Japan, Hong Kong, and China. The new South […] дальше »
2018-6-14 13:08 | |
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DarcMatter (DMC) gets investment from blockchain fund #Hashed
DarcMatter Coin, the blockchain project created by fintech startup, DarcMatter, has completed a highly synergistic and strategic investment and partnership with #Hashed, a top South Korean crypto investment fund. дальше »
2018-6-14 03:49 | |
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South Korean banks suspected Coinrail transactions months before in Feb
In the latest update to the largest South Korean crypto stealing scandal valued at $37.28 million, media has unearthed evidence that banks had detected suspicious behavior at local exchanges. South Korea major trading center In terms of volume and number of exchanges, South Korean, is by far one of the largest trading centers of cryptocurrency […] The post South Korean banks suspected Coinrail transactions months before in Feb appeared first on ZyCrypto. дальше »
2018-6-14 16:25 | |
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Report: Suspicious Transactions at Korean Exchange Coinrail Months Before Hack
Following the announcement by South Korean crypto exchange Coinrail that it has been hacked, a local publication reported that some banks had identified suspicious transactions at the exchange and stopped providing services to company months before the incident. дальше »
2018-6-13 03:40 | |
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Dennis Rodman Shills Potcoin During Trump North Korea Summit
If you’ve never, never done acid and wondered what it’s like, this week’s news is pretty spot-on. Markets are panicking as the bitcoin price plummets to “only” seven thousand dollars. The host of The Apprentice, President Donald Trump, opened face-to-face negotiations with the DPRK which may finally end the 68-year Korean War. дальше »
2018-6-14 19:47 | |
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Here’s The Real Winner Of The Trump x Kim Summit
With the Donald Trump and Kim Jong Un meeting now in full effect, in an event known as the Singapore Summit, the world’s media are going a bit crazy, for obvious reasons. This has marked a momentous and historic occasion, so naturally, we did expect to see some sort of cryptocurrency-based publicity stunt. дальше »
2018-6-12 16:00 | |
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Market’s Start To Re-Balance After Weekend Slide
After a very disappointing start to the week, it looks as if the markets are starting to re-gain some balance after taking on huge losses in the wake of a hack within South Korean cryptocurrency exchange, Coinrail. дальше »
2018-6-12 12:00 | |
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Six People Paid by Korean Exchange Upbit for Reporting Fraudulent Crypto Schemes
A major South Korean exchange, Upbit, has paid six people for reporting fraudulent crypto-related schemes. Japan Confirms Entrance Into the Crypto Space Upbit Paid Users for Reporting Fraud One of South Korea’s largest cryptocurrency exchanges, the Kakao Corp-backed Upbit, has paid six individuals for reporting fraudulent crypto-related schemes. The exchange implemented a bounty system in дальше »
2018-6-12 05:26 | |
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Korean Exchange Upbit Paid Six People for Reporting Fraudulent Crypto Schemes
A major South Korean exchange, Upbit, has paid six people for reporting fraudulent crypto-related schemes. Ten cases were reported to the exchange and six of them were selected. Upbit also recently partnered with Thomson Reuters to operate a system to support transparent crypto transactions. дальше »
2018-6-12 03:20 | |
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Bithumb south korean exchange cleared by government
After a three-month long investigation, the South Korean government cleared Bithumb crypto exchange with no evidence of wrongdoing found, a local media report on June 8. The government, which described the investigation as intense and extensive, ran a full audit of the exchange’s dealings by building up a search and seizure operation on the exchange’s […] дальше »
2018-6-12 02:22 | |
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