NK ‘Absolutely Amassing’ Bitcoin, South Korean Exchange Bankrupted By Hack
North Korea is “absolutely” creating stockpiles of Bitcoin according to one cybersecurity CEO. #NEWS Go to Source Powered by WPeMatico
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South Korea FSS: Cryptocurrency Not ‘Actual Currency’, Should Not Be Regulated
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
Major Korean Crypto Exchange Upbit at Center of Regulatory Controversy
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
2018 Pyeongchang United States Olympic Luge Team to Accept Bitcoin Donations
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
Crypto to Take Center Stage at G20 – “Need to See How We Can Regulate Bitcoin”
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
This Week in Bitcoin: Regulators Mount Up as Bitcoin Keeps Bubbling
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
South Korean Cryptocurrency Exchanges to Implement Self-Regulation
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
Bitcoiners Increasingly Targeted by Police as Prices Yield Large Asset Forfeiture Gains
The Department of Justice has announced another potential auction of seized bitcoin, totalling over 8 million USD. There’s a noticeable uptick in bitcoin-related prosecutions since at least 2014 and the Ross Ulbricht, Silk Road affair. With the price of bitcoin rising to stratospheric heights, the phenomenon has made bitcoiners relatively wealthy; it might have also … Read more
Cboe Strikes Back at CME with TD Ameritrade Bitcoin Futures on Monday
The half a trillion dollar cryptocurrency market is for the taking, and savvy market makers are not going to give up positions easily. Cboe was the first futures market for bitcoin, launching last Sunday a full week ahead of its crosstown and much larger competitor, CME Group Inc. With the might and heft CME brings … Read more