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Bithumb releases identity authentication system to comply with global requirements
The cryptocurrency space in South Korea accounts for nearly 20% of the world’s crypto-transactions. However, the country's crypto-industry has consistently been on the defensive against stifling resThe post Bithumb releases identity authentication system to comply with global requirements appeared first on AMBCrypto. дальше »
2019-12-4 07:23 | |
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South Korean Startup Claims to Have Solved Blockchain’s Speed Problem
South Korean startup reportedly develops a new technology that reduces blockchain transaction times to fractions of a second
дальше »2019-12-4 02:01 | |
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Blockchain mobility and vehicle ecosystem MVL raises $5 million
MVL, the company behind TADA, a blockchain-powered ride-hailing service, announced today a series A investment of USD $5 million led by leading South Korean venture capital firm, SV Investment. Two of South Korea’s largest car parts manufacturers, Central and SIMWON, also participated in this funding round. дальше »
2019-12-3 19:28 | |
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Ethereum: Stolen Upbit funds worth $1.6 million moved
The hackers walked away with $51.7 million worth of Ethereum by attacking Upbit, a prominent South Korean exchange. Ever since the hack, the community has come together to track the movement of funds The post Ethereum: Stolen Upbit funds worth $1.6 million moved appeared first on AMBCrypto. дальше »
2019-12-3 11:31 | |
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South African Reserve Bank to Introduce New Cryptocurrency Rules
The South African Reserve Bank (SARB) is aiming to introduce new ‘crypto rules’ to crack-down on cryptocurrency use-cases in evading currency controls. The rules will likely come forth in the first quarter of 2020. дальше »
2019-12-2 16:52 | |
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Regulatory Roundup: Germany to Let Banks Sell and Store Crypto, Laws Changing in Asia
Some major regulatory developments in the crypto space have transpired this week. Not only has Germany passed a bill allowing banks to sell and store cryptocurrencies, but South Korea and Thailand are also amending their laws to better regulate the crypto industry. дальше »
2019-12-3 16:40 | |
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South African Central Bank to Reportedly Introduce New Crypto Regulations
The South African Reserve Bank will reportedly introduce new rules on cryptocurrencies to deter users from evading currency controls
дальше »2019-12-3 15:56 | |
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South African Central Bank Rolls Out New Rules for Digital Assets
The South African Reserve Bank (SARB) is planning on new rules for the usage of digital assets, in a bid to stop illegal fund transfers. New Rules for Crypto Usage May Attempt to Limit Transfers According to local news reports, cited by BusinessReport, the new rules will be applied by the end of the first quarter in 2020. дальше »
2019-12-2 15:06 | |
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Crypto Market forecast: 2nd December
The crypto markets were steady this week following large sell-offs earlier in November. The price of market benchmark, Bitcoin, rose by 4%. The week's major news story was the hack of popular South Korean exchange UPbit where ~US$50 million of ETH was stolen. дальше »
2019-12-3 14:00 | |
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South Korean Web Giant Kakao Looking for Blockchain ‘Killer App’
The South Korean internet company Kakao is looking away from the financial application of blockchain technology to build a widely-used “killer app. ” The firm believes that the monetary use of the technology is still too fraught with regulatory issues to explore — for now. дальше »
2019-11-29 14:02 | |
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How Bitcoin Miners Are Not Causing The Price Plunge
When bitcoin starts to turn south and the selloff intensifies, fingers start pointing. The crypto community wants to blame something and the mainstream media wants to sensationalize fearful headlines to get their clicks. дальше »
2019-11-30 13:30 | |
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Upbit hackers move stolen Ethereum funds, claims report
Upbit, a prominent South Korean exchange, was hacked on 27 November, resulting in the exchange losing $51.7 million worth of Ethereum. This amount, reportedly, was moved on 28 November. According to TThe post Upbit hackers move stolen Ethereum funds, claims report appeared first on AMBCrypto. дальше »
2019-11-29 00:30 | |
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Thanksgiving Is the Perfect Time to Play the Original South Park Game
Thanksgiving is the perfect time to avoid annoying relatives by playing video games. If you're looking for a game, try South Park on PS1. The post Thanksgiving Is the Perfect Time to Play the Original South Park Game appeared first on CCN.com дальше »
2019-11-29 23:50 | |
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Kakao’s Klaytn DLT Project holds First Meeting with Consortium Members
Klaytn (KLAY), the blockchain project from the stables of South Korea’s messaging giant, Kakao, has selected 27 highly reputed firms that will make up its governing council and the consortium has successfully held its inaugural meeting. дальше »
2019-11-29 22:00 | |
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Bitcoin Bull Case Builds as Price Holds $7,500 Range; What’s Next?
On Wednesday morning, it seemed as though things were about to go south for the Bitcoin market yet again. For those who missed the memo, notable Korean cryptocurrency exchange Upbit revealed that it had been hacked for $50 million worth of Ethereum (ETH), sparking an immediate 2% sell-off that some described as a “black swan”. дальше »
2019-11-28 15:00 | |
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$50 Million ETH Hacked From South Korean Exchange
Some $50 million worth of eth has been hacked today from one of the biggest crypto exchange in South Korea, Upbit. They say: “At 1:06 PM on November 27, 2019,... The post $50 Million ETH Hacked From South Korean Exchange appeared first on Trustnodes. дальше »
2019-11-28 18:37 | |
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Bitcoin Makes an Impressive Recovery Following Dip Below $7,000
Bitcoin has once again fallen below $7,000 following reports of a hacking incident at the South Korean cryptocurrency exchange Upbit. Initially, the cryptocurrency market reacted harshly to the news with Litecoin and Ethereum falling to fresh multi-month trading lows. дальше »
2019-11-27 18:25 | |
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South Korea: Crypto Exchange UpBit Hacked; Reports $51 Million Ethereum (ETH) Withdrawal
Major South Korean cryptocurrency exchange, UpBit, announced that over 340,000 worth of Ethereum (ETH) was transferred to an anonymous wallet. While the exchange did not explicitly mention a hack attack nor specify how the withdrawal was done, the company pledged to cover up the missing funds. дальше »
2019-11-27 16:00 | |
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Binance Commits to Freezing Stolen Upbit Funds After $50M Hack
South Korean cryptocurrency exchange Upbit has reportedly been hacked for around $50M worth of Ethereum (ETH). Binance and other exchanges have stepped up to stop the assets from being sold off. It has been reported that Upbit, one of the leading South Korean exchanges, has suffered a serious hack. дальше »
2019-11-27 15:30 | |
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Signs Point to Inside Job in Upbit Crypto Exchange Hack, Says Commentator
In the wake of a 342,000 ETH theft from South Korean crypto exchange Upbit, commentators deem an inside job to be more likely than a hack
дальше »2019-11-27 14:34 | |
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UPbit’s hacker leaves with $50 million worth of Ether
UPbit, one of the largest cryptocurrency exchanges based in South Korea, confirmed that it was hacked after rumors were mounting. In a statement, the platform announced that all trading activities, deposits, and withdrawals were temporarily suspended until further notice. дальше »
2019-11-27 13:52 | |
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Upbit Reports ‘Irregular Withdrawal’ of $51 Million in Ethereum
Upbit, one of the ‘big four’ South Korean crypto exchanges has reported an irregular 342,000 Ethereum (ETH) withdrawal from its wallet. While details remain sketchy as to the nature of the withdrawal, the platform says it will cover the amount from its corporate funds. дальше »
2019-11-27 13:33 | |
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UpBit releases statement after Ethereum transfer leads to "hack" speculation
UpBit, one of the leading cryptocurrency exchanges in South Korea, is the center of a "hack" speculation after massive amounts of cryptocurrencies were transferred out of the exchange. Additionally, aThe post UpBit releases statement after Ethereum transfer leads to "hack" speculation appeared first on AMBCrypto. дальше »
2019-11-27 12:36 | |
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Crypto Exchange Upbit Confirms Theft of 342,000 Ether — $50M
South Korean crypto exchange UpBit has confirmed that 342,000 ETH was sent to an unknown wallet and customer losses will be compensated
дальше »2019-11-27 12:26 | |
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Blockchain Entertainment Platform “Fight to Fame” Expands Its Operations in South Korea
Fight to Fame, a blockchain-based company working on fight sports opened its first office in Seoul, South Korea. The Fight to Fame project is a reality show started in 2017 to give professional fighters the chance to become Hollywood stars. дальше »
2019-11-27 12:00 | |
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South Korean Committee Passes Bill Enforcing FATF Crypto Rules
South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task Force. дальше »
2019-11-27 09:20 | |
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South Korea Progresses Bill to Provide Legal Foundation for Cryptocurrencies
The national policy committee of the South Korean National Assembly has approved a bill that would provide a legal basis for cryptocurrencies in the country
дальше »2019-11-27 21:44 | |
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South African bitcoin exchange OVEX launches arbitrage trading service
OVEX, a South African based bitcoin and cryptocurrency exchange, today announced a new arbitrage service that is designed to exploit mismatches in the price of bitcoin to the U. S. dollar USD) and South African rand (ZAR). дальше »
2019-11-26 21:37 | |
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South Korea Wants to Focus on Blockchain Research and Development in 2021
China recently announced it would invest up to $2bn in blockchain technology. South Korean officials are planning to do the same, albeit with just 20% of the funds to allocate. It has been coming for some time now, but governments are officially paying attention to blockchain technology. дальше »
2019-11-23 06:00 | |
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South Korea Ministry Makes $382 Million Investment into Research and Development of Blockchain
The Ministry of Science and Technology in South Korea is planning to put 450 billion Won, which is about $382 million, in blockchain development and research. The investment would take place over a 6 years period of time, starting in 2021 and ending in 2026, the ZDNet Korea has reported on Thursday. As some government […] дальше »
2019-11-22 20:27 | |
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Despite Reports Bithumb Exchange Insists That Its Shanghai Operations Have Not Been Shut Down
Bithumb, the cryptocurrency exchange based in South Korea, was recently the subject of a media frenzy, due to reports that their Shanghai enterprise has been negatively impacted. The city government had issued an inspection notice, leading Chinese news outlet ifeng. дальше »
2019-11-22 00:42 | |
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Unregistered Crypto Exchanges Must Register With South Korea’s FSC Or Face Jail Time
The government of South Korea wants all unregistered crypto exchanges in the country to shut down. If they don’t, their owners may go to jail. Recently, lawmakers of the country decided that all exchanges should register with the Financial Services Commission (FSC). дальше »
2019-11-22 00:22 | |
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South Africa’s FirstRand Bank Shuts Down Bitcoin Exchanges Accounts Due To Regulatory Uncertainty
FNB Bank, which is one of the ‘big five’ South African banks, has decided to shut down accounts owned by crypto exchanges in the country. However, the bank was quick to note that should the country implement clear-cut cryptocurrency regulations, it might reverse the policy. дальше »
2019-11-21 22:42 | |
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International Payments Specialist Mercury FX Uses Ripple to Access Inaccessible Markets
Mercury FX is an international payments specialist with offices in London, Hong Kong and South Africa. The company joined RippleNet to speed up transfers, lower costs and open up new markets that were previously too expensive to access. дальше »
2019-11-22 21:59 | |
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South Korea Takes Legal Step to Stamp Out Unregistered Crypto Exchanges
A legal amendment to an act addressing the South Korean crypto industry would criminalize unregistered exchanges, but has loosened other requirements. дальше »
2019-11-22 16:34 | |
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South African exchange reacts to FNB closing accounts for crypto companies
In the wake of the news that FNB would be closing all business banking accounts for companies dealing in cryptocurrencies, AltCoinTrader has expressed its disappointment in what has been a reputable banking partner in the past. дальше »
2019-11-21 21:53 | |
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VNX Exchange offers first asset-backed token with Korean crypto company Streami
VNX Exchange, an asset-backed token issuance and trading platform, announced today the launch of its platform and the first offering of asset-backed tokens. The first digital asset offering of 3 million EUR is backed by proceeds from investment into convertible bonds issued by Streami Inc. дальше »
2019-11-21 21:03 | |
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South African Bank Closes Crypto Accounts While a $500 Bitcoin Premium Develops
FirstRand, one of South Africa’s biggest bank with $93 billion in assets, is to close the bank account of major crypto exchanges in the country, including Luno, ICE3X, VALR and... The post South African Bank Closes Crypto Accounts While a $500 Bitcoin Premium Develops appeared first on Trustnodes. дальше »
2019-11-20 17:57 | |
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South Africa’s FNB Bank to Shut Down Crypto Exchange Accounts
South Africa’s First National Bank (FNB) bank has announced that it will be shutting down accounts linked to cryptocurrency exchanges. In the process of cracking down on cryptocurrencies, banks themselves are experiencing the heat of negative interest rates and billions in fraud. дальше »
2019-11-20 14:16 | |
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South Africa: Bank Drops Bitcoin Exchanges Citing ‘Regulatory Clarity’
ZA Bitcoin exchanges unfazed as bank moves to end support
дальше »2019-11-21 12:38 | |
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Major South African Bank Closes Crypto Exchange Bank Accounts
FNB, one of the ‘big five’ South African bank is closing down accounts operated by crypto exchanges in the country. The bank, however, says the emergence of clear-cut cryptocurrency regulations in South Africa may trigger a reversal of the policy. дальше »
2019-11-20 12:29 | |
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Kakao’s Klaytn to implement TSS to spur mass blockchain adoption
Klaytn, the leading blockchain project led by South Korean Internet giant Kakao, is all set to introduce Threshold Signatures Scheme [TSS], in line with its end goal of mass adoption of blockchain tecThe post Kakao’s Klaytn to implement TSS to spur mass blockchain adoption appeared first on AMBCrypto. дальше »
2019-11-19 15:00 | |
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U.S. Housing Market Flashes Danger Sign as Confidence Goes South
The NAHB Housing Market Index (HMI) dropped to 70 in November, the first decline since June. The traffic of prospective buyers has declined despite low mortgage rates. The U. S. housing market could get into more trouble this week as more data releases emerge. дальше »
2019-11-19 22:55 | |
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Venezuela to use Petro to give retirees, pensioners Christmas bonuses
Over the last few months, South America's Venezuela has been recording hyperinflation, with the government seeking some respite by the way of cryptocurrencies. While most countries across the globe viThe post Venezuela to use Petro to give retirees, pensioners Christmas bonuses appeared first on AMBCrypto. дальше »
2019-11-18 08:32 | |
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