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South Korean police have arrested four high-ranking representatives of two cryptocurrency exchanges, including Coinnest’s CEO. They were detained on arrest warrants issued after a fraud investigation, prosecutors said. The executives are accused of embezzling funds belonging to customers and may face additional charges. Also read: Three South Korean Crypto Exchanges Raided for Diverting Funds Suspects … Read more
The crypto markets are experiencing a slight downward trend today, bringing BTC back below $7,000. #NEWS Go to Source Powered by WPeMatico
Bithumb has announced a new partnership with Korea Pay Services in a move meant to promote the use of cryptocurrencies for payments in retail outlets. The partnership will give Bithumb users the ability to use cryptocurrencies to make payments at offline stores. OVER 6,000 STORES TO BENEFIT Korea Pay Services is a mobile payment processor that processes … Read more
It is evident there is still a lot of work to be done when it comes to making cryptocurrency go mainstream. Few merchants accept Bitcoin payments as of right now, and it remains unclear if and when this situation will improve. In South Korea, things are slowly heading in the right direction. South Korea and Cryptocurrency … Read more
The Kakao-backed cryptocurrency exchange Upbit has launched a system to reward users for identifying fraudulent multi-level schemes related to cryptocurrencies. The exchange has already identified and reported 20 such schemes to the police. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Reporting Illegal Schemes South Korea’s largest cryptocurrency exchange Upbit has invited … Read more
The Korean central bank has released the results of its nationwide poll which includes information about cryptocurrency acceptance. Among 25,011 poll participants, 40% of young adults are eager to possess cryptocurrencies, according to local media. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Korean Central Bank’s Crypto Poll The Bank of Korea … Read more
Bitcoin is holding firm at $7,900. While this is a serious drop from its weekend mark of $8,600, there have been no significant changes since March 26, though it was trading for about $8,100 in the evening hours. A $200 rise and fall window is nothing to be terribly concerned about, though it does suggest … Read more
Bithumb users could soon be able to pay in offline stores with crypto following a new partnership with Korea Pay. #NEWS Go to Source Powered by WPeMatico
One of South Korea’s largest cryptocurrency exchanges, Bithumb, is launching a new service aimed at allowing customers to pay with cryptocurrencies at over 6,000 physical stores nationwide. The exchange also recently expanded its offline support and in-person consultation service in addition to growing the online crypto payment ecosystem. Also read: Japan’s DMM Bitcoin Exchange Opens for … Read more
South Korea’s largest companies, as NHN, Kakao, Upbit, SK Telecom, Nexon, and Korbit are funding cryptocurrency exchanges, allowing the market to mature. #SMART_INVESTMENT Go to Source Powered by WPeMatico
