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South Korea Orders 12 Crypto Exchanges to Revise Consumer Contracts
South Korea’s financial watchdog today ordered a dozen cryptocurrency exchanges to update their adhesion contracts, which the agency claims causes problems for users in withdrawals, and generally puts the businesses way ahead of consumers on all levels. Also read: Trezor to Implement Bitcoin Cash Addresses South Korea Orders Exchanges to Revise Adhesion Contracts The Republic of […]
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Huobi Officially Launches in South Korea with 100 Cryptocurrencies
Huobi has officially launched in South Korea. The platform facilitates the trading of 100 cryptocurrencies and 208 markets. The exchange is also creating an investor protection fund and program to immediately compensate for any losses that are not investor error. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Huobi Korea Launched Huobi […]
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Study: 70% of Crypto Exchanges Allow Weak Passwords
Over 70 percent of the leading cryptocurrency exchanges allow users to create accounts with weak passwords, a new study reveals. This leaves them exposed to financial theft due to unsafe password practices, the authors say. Less than half of the surveyed trading platforms provide password strength assessment tools. Also read: NEM Foundation Stops Tracking […]
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Volumes on Most Major Cryptocurrency Exchanges Are Fake or Inflated: Study
Research has shown that most major cryptocurrency-only exchanges have significantly low liquidity, allowing price manipulation.
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Study Finds $3B Worth of Faked Cryptocurrency Volumes and Wash Trades
On March 10 a cryptocurrency trader and researcher published a report on how he believes $3 billion worth of cryptocurrency trade volumes, primarily from a couple of exchanges, are concocted. The author of the study, Sylvain Ribes, alleges that the exchange Okcoin has been fabricating up to 93 percent of its trade volumes. Also read: Thailand […]
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Why We Shouldn’t Pay Much Attention For Regulation in China, At Least for Now
China has no doubt taken the hardest stance against Bitcoin, yet, there are still work arounds as Chinese exchanges roll with the punches, and globally the Bitcoin price always recovers from the news. #REGULATIONS
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20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations
Over twenty cryptocurrency exchanges in South Korea have agreed to undergo evaluations, including the country’s top four exchanges: Upbit, Bithumb, Coinone, and Korbit. This is part of their self-regulatory efforts, in conjunction with the Korean Blockchain Association. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten 21 Exchanges Participating So Far The Korean Blockchain […]
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New Crypto Exchanges Launch in South Korea Despite Lack of Fiat Deposits
A number of new cryptocurrency exchanges are launching in South Korea despite being unable to provide full service due to regulatory challenges. Since the Korean government enforced the real-name system on cryptocurrency accounts, banks have only been providing fiat deposit services to the country’s four largest crypto exchanges. Also read: Japan’s DMM Bitcoin Exchange Opens for […]
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Formerly Top Cryptocurrency Exchange Huobi To Open Office In US
Cryptocurrency exchange Huobi is about to open an office in the US, the company has announced at the Blockchain Connect conference. #NEWS
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