Bookmarking Crypto Insights
Auto Added by WPeMatico
Major South Korean exchanges are on a hiring spree. The demand for cryptocurrencies and the government’s mandate for stronger security systems are driving the need for additional manpower at crypto exchanges. Their attractive employment benefits and flexible work environment are pulling workers from traditional banks and financial companies. Also read: Russian Regulators Draft Law to Restrict Crypto … Read more
The South Korean government has been working on a system to enforce real-name identity verification on cryptocurrency traders. This system is expected to be implemented around January 20, thus ending the current practice which allows for anonymous crypto trading. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Government’s Real-Name System … Read more
The South Korean government has for the first time obtained data of the total amount of fiat deposits made at cryptocurrency exchanges. At the end of last year, the amount of deposits was 64 times higher than in the previous year. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Koreans … Read more
South Korea is providing more than half of Ripple’s daily trading volume, with “fear of missing out” pusing the altcoin to new highs. #ANALYSIS Go to Source Powered by WPeMatico
South Korea’s cryptocurrency exchanges have implemented changes to comply with the government’s mandates announced last week. In addition to restricting certain customers from trading cryptocurrencies, the exchanges have stopped issuing new virtual accounts in accordance with the regulators’ real-name requirements. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Government’s Mandates … Read more
South Korean banks are further distancing themselves from bitcoin following the government’s ”emergency” regulation which bans them from direct involvement in cryptocurrency-related activities. Shinhan Bank and KB Kookmin Bank have announced that they are discontinuing their points for bitcoin exchange services in January. Also read: South Korea Clarifies Position After Reports of Possible Ban on All … Read more
The price of bitcoin has dropped considerably since it touched its all-time high of $19,600 per BTC on December 17. Since then markets have been quite bearish across the board, leading to lows in the $11K zone on December 22. Bitcoin markets have rebounded since then, and the price per BTC across global exchanges has … Read more
The South Korean government is conducting on-site inspections of crypto exchanges following the release of its emergency measures for cryptocurrency regulation. The regulators have also notified the country’s largest exchanges that they are subject to the Information Security Management System certification requirements. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto … Read more
Kakao’s cryptocurrency exchange Upbit now claims to be the largest crypto exchange by volume in South Korea, one of the top three markets globally. Listing over 120 coins and leveraging Kakao Talk’s massive user base, Upbit currently facilitates an average daily trading volume of 5 trillion won. Also read: South Korea Clarifies Position After Reports of … Read more
A bizarre twist on white hat hacking saw a media outlet hire security workers to hack exchanges and expose security flaws. #NEWS Go to Source Powered by WPeMatico
