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The South Korean Ministry of Science and Technology has launched a probe into the theft of $30 mln from the world’s sixth largest crypto exchange Bithumb Go to Source Powered by WPeMatico
Bithumb, South Korea’s largest crypto exchange announced on its website that between Tuesday evening and Wednesday morning, Korean time, 35 billion won (about 31.5 million USD) worth of cryptocurrencies vanished. Just a few hours later, the announcement was taken down, along with promises of compensation. At press time, it appears Twitter announcements of the heist … Read more
Leading South Korean crypto exchange Bithumb, the world’s sixth largest, has been hacked Go to Source Powered by WPeMatico
A Malaysian government advisory committee has signed a MOU to work with a South Korean blockchain lab to develop a halal blockchain platform Go to Source Powered by WPeMatico
South Korean cryptocurrency exchange Coinrail has unveiled its plan to resume service despite surrounding controversies. The exchange reportedly removed a key part of its terms of service right before it was allegedly hacked, arousing suspicions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Service Could Resume Around July 15 South Korea’s seventh largest crypto … Read more
The different prices of bitcoin and other cryptocurrencies between countries and exchanges have led investors to seek arbitrage opportunities, a trend noticed by financial regulators around the world. Discussions are underway at the Japanese Financial Services Agency on restricting leverage. Also read: This Village Decided to Launch Japan’s First Municipal ICO Value of Bitcoin up 10% After … Read more
As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance. South Korea has also been discussing ways to boost crypto-related AML measures with the U.S. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more
This week, Hankyung, a major mainstream media outlet in South Korea, reported that dozens of new cryptocurrency exchanges are set to launch in the country in the next few months with a primary focus on integrating new digital assets. Integration First, Security Second Over the past three months, Huobi Korea, Cashierest, Coincom, Coinworld, UIOEX, Genix, … Read more
The South Korean government is reportedly seeking to bring cryptocurrency exchanges under the direct supervision of the country’s Financial Intelligence Unit. This will obligate crypto exchanges to follow anti-money laundering directives like banks do. This is the first time a government agency has said it will oversee crypto exchanges. Also read: Yahoo! Japan Confirms Entrance Into … Read more
A South Korean financial association plans to build “Crypto Beach” in Busan to explore and keep blockchain technology prospects in the country Go to Source Powered by WPeMatico