2023-2-6 12:21 |
Financial regulators in South Korea are working to bring security tokens into the scope of the country's capital markets rules.
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Coinone has partnered with two security and disclosure firms to ensure compliance with South Korea's new cryptocurrency regulations.
2019-8-8 02:30 | |
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CryptoNinjas South Korean crypto exchange giant Bithumb has officially launched Bithumb DEX, a decentralized peer-to-peer exchange platform for digital assets that promises to give users the advantage of added security, stability and speed over.
2018-10-16 16:32 | |
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KB Financial Group, a South Korean based financial holding company, has just been awarded a patent for its application security technology, according to a report in South Korean media outlet The Digital Times.
2018-10-16 13:00 | |
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Major South Korean Financial Holding Gets Blockchain Patent For Improved Fintech Security The KB Financial Group, a South Korean financial holding company, has recently received a patent for a new blockchain solution which consists in a a blockchain-based app for the security of fintech companies.
2018-10-16 00:08 | |
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Bithumb crypto exchange has for the past few years battled security breaches and hacks resulting to millions of dollars in investor’s funds being stolen. Will the new 50% stake acquisition by BK Global Consortium solve these persistent problems and increase the users of Bithumb exchange further? Bithumb, South Korea’s largest cryptocurrency exchange, sold 50% of […]
2018-10-15 18:51 | |
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Today’s installment of The Daily is about building more than bickering, though we’ll squeeze in a little of the latter before we sign off. First though, let’s start by considering the latest projects being proposed within the crypto space: a tokenized security platform and a social media network that doesn’t leak data.
2018-10-13 12:55 | |
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The United States Security and Exchange Commission (SEC) has a few important crypto related decisions to make and is pushing back dates and causing a lot of distress in the blockchain and cryptocurrency communities.
2018-10-9 21:30 | |
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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.
2018-10-4 20:51 | |
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For many years, the crypto exchange market of Europe has lagged behind the US, Japan, and South Korea in terms of infrastructure, regulation, security, and liquidity. According to FT, two sources close to Gemini have stated that the major US-based crypto exchange has hired advisers to consult the company in the process of expanding into.
2018-9-24 11:06 | |
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The largest cryptocurrency exchange in South Korea, Upbit, have announced that their parent company, Dunamu are opening a similar exchange in Singapore, an exchange that is set to go live just next month.
2018-9-19 17:30 | |
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Samsung SDS on Friday announced that South Korea’s Customs Service will use the company’s blockchain solutions to implement a decentralized customs clearance system. SDS is the company’s IT division that houses innovations such as Nexledger blockchain and biometric solution Nexsign.
2018-9-16 21:30 | |
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Samsung SDS on Friday announced that South Korea’s Customs Service will use the company’s blockchain solutions to implement a decentralized customs clearance system. SDS is the company’s IT division that houses innovations such as Nexledger blockchain and biometric solution Nexsign.
2018-9-17 21:30 | |
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Bitgo, a cryptocurrency security and custody company, has been granted regulatory approval to provide its storage services to the United States. Specifically, Bitgo will target U. S. -based institutional investors with its “Bitgo Trust Company.
2018-9-14 20:20 | |
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BitGo Inc. one of the most important startups in the field of security applied to the world of crypto and blockchain technologies, received approval from South Dakota State’s Division of Banking for its branch BitGo Trust Company to legally operate within the state.
2018-9-14 10:22 | |
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BitGo has received the green light from the South Dakota Division of Banking to act as a qualified custodian for digital assets, according to a Business Wire press release.
2018-9-14 20:01 | |
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Following the footsteps of regional developments in South East Asia, the Philippines Security and Exchange Commission could soon pass relevant laws for the operation of cryptocurrency exchanges in the country, Manila Times reported September 3, 2018.
2018-9-6 05:00 | |
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South Korea To Host Hackathon To Discover Blockchain Uses In Society South Korea has recently taken a deeper dive at blockchain technology, as an announcement regarding a hackathon was revealed on Monday, August 27 via local news outlet, Money Today.
2018-8-28 20:52 | |
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Three developers out of Onther Inc in South Korea released a research paper on Plasma EVM, a version of Plasma that can support "smart contracts." Sounds great, but there are some security issues.
2018-8-22 23:56 | |
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The South Korean government has announced the outcome of its inspection of 21 cryptocurrency exchanges. While a number of exchanges have completed implementing both short-term and wallet management measures, many security vulnerabilities remain at most exchanges.
2018-8-19 22:10 | |
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South Korea biotechnology company Macrogen, stated in their press release on Monday, August 6, 2018, that they will join forces with Bigstor, a local data company to create a blockchain-based medical genome data distribution platform.
2018-8-8 16:00 | |
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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 […]
2018-8-3 10:06 | |
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The technology company, Miru Systems Co. , have growing concerns about the South Korean manufactured electronic voting machines in the Democratic Republic of Congo’s upcoming 2018 general elections.
2018-8-2 10:44 | |
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The rising threat of frauds and blatant exit-scams from ICO firms and token issuers is set to slow down in the months to come, as several cryptocurrency-centric security firms have set up shop to fight against the nuisance, reported Business Korea on July 30, 2018.
2018-8-1 01:00 | |
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Chinese telecom trio, China Mobile, China Telecom, and China Unicom have joined forces to propel the development of blockchain applications in the Chinese telecommunications industry, which will help in razing operating costs and provide unparalleled network security to all their customers.
2018-7-29 23:00 | |
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South Korean tech giant Samsung has explained why smartphones are better devices for crypto transactions than laptops. Electronics giant Samsung has announced that smartphones, not laptops, are the best devices when trading cryptocurrency from the point of view of security.
2018-7-27 13:54 | |
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Reports from Bloomberg today have revealed that Korea’s financial regulators are urging lawmakers to quickly pass cryptocurrency legislation to protect investors from under-securitized exchanges. The Bloomberg article states that local exchanges are “rife with security flaws and money-laundering risks”.
2018-7-27 12:25 | |
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Reports from Bloomberg today have revealed that Korea’s financial regulators are urging lawmakers to quickly pass cryptocurrency legislation to protect investors from under-securitized exchanges.
2018-7-27 23:28 | |
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As the cryptocurrency industry reels under pressure due to the high number of crypto crimes and continued security threats, the Regulators urged the government of South Korea to bring in new legislation at the earliest.
2018-7-27 22:12 | |
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Korea Telecom (KT), South Korea’s second largest mobile carrier, announced on July 24, 2018, their new blockchain commercial network. Fast and Secure Blockchain Implementation The carrier has also allowed users to login via a blockchain ID instead of an IP address, to protect against hackers’ spoofing attempts.
2018-7-26 20:30 | |
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Fusang Investment Office, a top Asian asset management firm based out of Hong Kong, has its intentions set to launch a crypto-custody service named Fusang Vault in the 4th quarter of the year, as reported by South China Morning Post on July 23, 2018.
2018-7-24 21:00 | |
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Cloudbric, a well-established and award-winning cloud-based web security provider based in Seoul, South Korea is set to open its whitelist period for their upcoming initial coin offering (ICO). The ICO will go towards the.
2018-7-20 15:44 | |
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South Korea’s Yeongdeungpo-gu district has established a “Proposal Evaluation System” based on blockchain to improve the fairness and integrity of administrative procedures, according to a July 19 governmental press release.
2018-7-19 16:55 | |
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In 2018, within a span of two months, the largest crypto exchanges in Japan and South Korea were hacked. A New York-based cyber security firm declared more breaches are yet to come. According to BLAKFX president Robert Statica, crypto exchanges are easier to hack than most online platforms, especially for experienced hackers.
2018-7-19 10:00 | |
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In a bid to improve the security level and general standards of cryptocurrency exchanges in South Korea, after a series of hacks and heists rattled the local cryptospace, the Korean Blockchain Association (KBA) formulated a set of stringent guidelines that would govern exchanges and crypto-related projects in the state.
2018-7-17 20:00 | |
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The self-regulatory inspection of South Korean cryptocurrency exchanges is complete. Fourteen out of 23 exchanges agreed to be inspected. Twelve met the self-regulatory standards despite security flaws, raising questions of how effective the inspection is.
2018-7-13 21:51 | |
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Security Cryptocurrency analysts are increasingly arguing that the lack of custody services provided by leading players from within the finance industry pose a significant barrier to institutional investors seeking exposure to the cryptocurrency markets.
2018-7-10 10:30 | |
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The U. S. Department of Justice, in cooperation with the Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), the Secret Service (USSS), the Postal Inspection Service (USPIS) and the Drug Enforcement Administration (DEA), have apprehended more than 35 dark web drugs and arms dealers in a nation-wide bust.
2018-6-27 20:26 | |
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At the time, the popular South Korean cryptocurrency exchange tentatively announced a “cyber intrusion” that saw the loss of $40 million worth of cryptocurrencies. If that wasn’t enough, on June 20, Bithumb – South Korea’s largest by trade volume – also announced a major security breach in which $31 million was reported to be lost. No strangers to
2018-6-27 00:48 | |
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Is it me, or has ‘South Korea’ become a byword for ‘poor cryptocurrency exchange security’? It seems that of late, cryptocurrency exchanges in South Korea are surrounded by security issues that are seeing very large-scale hacks take place, hacks that have allowed for the theft of tens of millions of USD worth of crypto-assets.
2018-6-26 16:30 | |
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Due to recent security breaches and thefts among some large-scale cryptocurrency exchange platforms, the need for exchange insurance is booming. Many insurance companies, however, are hesitant to take the risk — citing their distrust in current security measures.
2018-6-26 03:00 | |
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This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news.
2018-6-24 20:05 | |
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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
2018-6-22 09:11 | |
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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.
2018-6-22 06:20 | |
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*All deposit and withdrawal service will be stopped to make sure the security. We will keep notice you of the restart of the service. We apologize for your inconvenience and thanks for your understanding.
2018-6-21 13:30 | |
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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.
2018-6-21 07:04 | |
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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.
2018-6-21 06:10 | |
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Hackers have reportedly made away with cryptocurrencies worth $30 million from Bithumb, South Korea's leading exchange, according to reports from a blog update. The exchange states that due to the hack, deposits and withdrawals will be temporarily suspended until further notice.
2018-6-20 20:25 | |
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On Wednesday, roughly 35 billion Korean won (around $31 million) in cryptocurrency was stolen by hackers from the South Korea-based exchange Bithumb. According to a follow-up report from CoinDesk Korea, Bithumb conducted a security enhancement checkup on June 16, just days before the confirmed hack.
2018-6-20 15:34 | |
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The world’s sixth largest cryptocurrency exchange based out of South Korea, Bithumb has announced on 19th of June that their platform has been hacked and cryptocurrencies to the tune of $ 30 million have been stolen.
2018-6-20 11:54 | |
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The exchange could return as a FIU-registered firm after paying the fine, the report added.
This is the third test for the Province's new tool to combat money laundering.
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.
Standard Chartered chose Dubai to launch crypto services from. However, reading between the lines, almost anywhere is preferable to the U.S. – that’s the message coming from banks and large institutions.
The finalized rules, set to be published in the EU's official journal, force crypto firms to report on customers' holdings to be shared between tax authorities.
Two years earlier, the exchange was warned by Japanese regulators that it was operating in the country without permission.