South Korea

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South Korea’s Largest Crypto Exchange Upbit Under Investigation for Fraud

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The largest cryptocurrency exchange in South Korea, Upbit, is suspected of fraud and is currently under investigation. The prosecutors have conducted searches at the exchange and confiscated computers and accounting records. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Upbit Under Investigation South Korea’s largest cryptocurrency exchange, the Kakao-backed Upbit is suspected of fraud, … Read more

South Korea May Weaken Its Cryptocurrency Regulation Soon

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South Korea is a very important country when it comes to cryptocurrency. With local trading platforms generating a lot of volume for most top currencies, the regulatory aspect is taking center stage. Although the initial guidelines were a bit harsh, it seems a more lenient approach will be embraced soon. Easing Crypto Regulation in South Korea According … Read more

Markets Update: BCH Prices See Uncorrelated Movement Gain 13%

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Cryptocurrency markets are seeing some gains today as most digital assets are up over the past 24-hours between 3-15 percent. Bitcoin Cash (BCH) values spiked considerably during the day’s trading sessions on May 5 touching a high of $1,740 per BCH. At the time of publication, the price of BCH is hovering around $1,720 per … Read more

Bitcoin Price Watch: Currency Surges Past $9,800

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Bitcoin now sits beyond the $9,800 mark. This is a $200 rise from yesterday’s $9,600, which in turn was about $200 more than bitcoin’s previous high. Sentiment is growing that the currency could surpass $10K as early as next week. According to one analyst, bitcoin needed to jump past $9,200 to increase its “bullish profile,” … Read more

South Korean Lawmakers Draft Bill to Legalize Some Initial Coin Offerings

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A group of South Korean lawmakers is working on a bill to legalize initial coin offerings (ICOs), providing they meet certain conditions under the supervision of the government. Meanwhile, the current ICO ban in the country has driven many domestic corporations to raise capital overseas. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bill … Read more