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Kakao’s cryptocurrency exchange Upbit now claims to be the largest crypto exchange by volume in South Korea, one of the top three markets globally. Listing over 120 coins and leveraging Kakao Talk’s massive user base, Upbit currently facilitates an average daily trading volume of 5 trillion won. Also read: South Korea Clarifies Position After Reports of … Read more
South Korean Authorities Believe North Korean Hackers Initiated a Hacking Attack Against Local Bitcoin Exchange Youbit. #ANALYSIS Go to Source Powered by WPeMatico
A bizarre twist on white hat hacking saw a media outlet hire security workers to hack exchanges and expose security flaws. #NEWS Go to Source Powered by WPeMatico
North Korea is “absolutely” creating stockpiles of Bitcoin according to one cybersecurity CEO. #NEWS Go to Source Powered by WPeMatico
The South Korean Financial Supervisory Service does not plan to regulate cryptocurrencies, citing the fact that virtual currencies are not “actual types of currency”. Go to Source Powered by WPeMatico
The South Korean cryptocurrency exchange affiliated with Kakao Talk has recently become the center of regulatory controversy. Upbit is the only major exchange in Korea that has not joined the other exchanges in support of self-regulation. Their agreement with Bittrex raises the question of how the regulation applies to them. Meanwhile, the exchange is having … Read more
Over the weekend, the United States Olympic Luge Team announced they are the first Olympic team in the country to advocate for and accept bitcoin in donation. With only two months from starting Winter Games in South Korea, there’s just enough time to promote both a crazy, cool olympic sport while promoting a cool, crazy … Read more
French Finance Minister Bruno Le Maire announced on Sunday December 17th that the next Group of 20 (G20) meeting would include discussion about how to regulate the world’s most popular cryptocurrency, bitcoin. The digital asset hasn’t ceased in making news all year, and European politicians appear more concerned in direct proportion to its price increase, … Read more
Welcome to the latest installment of This Week in Bitcoin stuffed with all the highlights and lowlights from the past seven days. In this edition: Korea, Korea, Korea, and a handful of stories that aren’t about Korea just for some variety. In the past week we’ve also experienced another all time high (what’s new) and … Read more
Over 40 companies in South Korea are participating in cryptocurrency self-regulation. Among them are 14 exchanges which have agreed to implement self-regulatory measures; they include Bithumb, Coinone, and Korbit. This announcement came just one day after the Korean government released its emergency crypto regulation. Also read: South Korea Clarifies Position After Reports of Possible Ban on … Read more
