Bitcoin in Brief Monday: Korean Exchange Hack Takes a Toll on Crypto Markets

The news of another hacked South Korean crypto exchange, widely blamed for the drops across the markets, is the main story in today’s edition of Bitcoin in Brief. Other subjects covered include a hospital where you can pay with tokens and a “blockchain” based cultural center established by a gangster. Also Read: Women’s Interest in Crypto … Read more

South Korea Mulls Over How to Cash Out State-Owned Cryptocurrency

The South Korean government is mulling over how to cash out the cryptocurrency it recently confiscated. While the most likely option is to auction the coins off using the government-owned auction platform, various concerns have been raised. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Cashing Out BTC The South Korean government is contemplating … Read more

South Korean Hospital Now Accepts Virtual Currency

Getting more businesses to accept cryptocurrency payments has been a very big challenge. So far, it seems most mainstream businesses have very little overall interest in the cryptocurrency industry. KMP Health Care Seoul, on the other hand, will offer medical services to customers who pay using cryptocurrency. South Korea Continues to Surprise Even though Bitcoin … Read more

Korean Crypto Exchange Coinone and 20 Traders to Face Charges Over Margin Trading

The South Korean police are reportedly preparing to charge Coinone’s executives, including its CEO, and 20 of the exchange’s members. This follows a 10-month investigation on allegations that the exchange provided gambling services through its crypto margin trading program. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Coinone’s Investigation Concludes South Korea’s Cybercrime Investigation … Read more

Korean Government Clarifies Position After Supreme Court Crypto Ruling

The South Korean government has clarified its position in response to the recent ruling by the country’s Supreme Court stating that cryptocurrency is an asset with measurable value that can be confiscated. The government says its position should be viewed separately from that of the Supreme Court. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more

You have not selected any currencies to display