South Korea

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South Korea Internet Giant Moves Deeper Into Crypto

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What a week for the peninsular nation, 대한민국 Republic of Korea. Moon Jae-in’s administration appears to have brokered a potential meeting between heads of state to avoid nuclear holocaust, and in more practical terms local media is widely reporting regional internet giant Kakao will deepen its involvement with cryptocurrency in South Korea by incorporating crypto … Read more

Bithumb Launching Kiosks at Restaurants for Food Orders and Crypto Payments in Korea

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Korean crypto exchange Bithumb is entering the retail kiosk business to accelerate crypto adoption in the country. These order-taking and payment facilitating kiosks will be placed in restaurants and cafes for customers to browse menus, place orders and pay for food. Cryptocurrency will be among the payment options. Also read: Japan’s DMM Bitcoin Exchange Opens for … Read more

New Study Looks at the Cost to Mine BTC Across the Globe

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Just recently the firm Crescent Electric Supply Company conducted a study that showed the cost of mining one single bitcoin in each state in the U.S. Since then the company’s subsidiary business Elite Fixtures took the research further by charting the cost to mine a single bitcoin in each country across the world. Also read: … Read more

South Korean Travel Site with Over 50,000 Hotels to Accept 12 Cryptocurrencies

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A South Korean travel website with over 50,000 hotels and other types of accommodation facilities will begin accepting 12 cryptocurrencies, thanks to a partnership between its operator and Bithumb, a major cryptocurrency exchange in Korea. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Pay for 50,000+ Hotels with Crypto One of South Korea’s … Read more

Korean Government Officials De Facto Banned from Holding and Trading Crypto

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The South Korean government has reportedly de facto banned all government officials from holding and trading cryptocurrencies. Even if their crypto activities are not related to their jobs, public officials can still be subject to disciplinary actions. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Public Officials De Facto Banned from Crypto South … Read more

Korea’s Mandatory Crypto Real-Name System Neglected – 19% Conversion Rate

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South Korea’s real-name system for cryptocurrency trading has been enforced for over a month, but most accounts have not been converted to the new system. Banks are still not converting accounts for most crypto exchanges and the government will not force them or investors to use the new system. Also read: Indians Look to Buy Bitcoin … Read more

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