South Korea’s lost generation of gamers offer a preview of what’s to come

2018-11-14 01:27

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.

About one in 10. Some call the estimate conservative, claiming the actual number is closer to 50 percent, or five million people aged 10 to 19. In an interview with Vice, Dr. Lee Jae-Won, a neuropsychiatrist at Gagnam Eulji Hospital in Seoul said that online gaming accounts for…

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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.

2019-3-9 07:11


Ôîòî:

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.

2018-11-10 12:35


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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.

2018-10-12 10:30


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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.

2018-9-15 01:22


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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.

2018-8-29 16:00


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 […]

2018-8-24 21:28


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 […]

2018-7-17 19:49


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 […]

2018-7-15 12:15


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Qurator found a way to fix Rotten Tomatoes: Quiz the trolls

Here’s a radical thought: You can’t boil down a movie’s quality to a simple numerical score. Everyone knows this intuitively, of course. But for better or worse, rating aggregators like Rotten Tomatoes and Metacritic have been bestowed the authority to gatekeep a film’s ‘goodness’ by virtue of the simplicity and power of consensus.

Google Maps just made it easier to report traffic incidents

Few things are more annoying than coming across an unexpected delay in traffic. Thankfully modern mapping services are generally pretty good at warning you about hindrances on the road, but someone has to report those incidents first.