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Person Misappropriating ‘Wrongly-Sent’ Bitcoins Ruled Not Guilty

Person Misappropriating ‘Wrongly-Sent’ Bitcoins Ruled Not Guilty

SEOUL, June 20 (Korea Bizwire) — A person ruled guilty of misappropriation for ‘keeping’ bitcoins that were inadvertently sent to him has been found not guilty on appeal and remanded trial. Suwon High Court recently ruled that the 32-year-old man charged with breach of trust was not guilty. In June 2018, 199.999 bitcoins, worth 1.48 billion won [...]

Qommodity Will Present Their New EcoSystem at Bitcoin Bucharest 2022

Qommodity Will Present Their New EcoSystem at Bitcoin Bucharest 2022

BUCHAREST, Romania, May 26 (Korea Bizwire) – Bitcoin Bucharest 2022 takes place on May 30 and 31 at The Marmorosch Bucharest, Autograph Collection Hotel, being the first event of its kind in the Romanian capital that aims to bring together cryptocurrency, blockchain, web 3.0, metaverse and NFT enthusiasts. With a revolutionary approach to virtual currency, natural resources [...]

CryptoWorldCon, the Event That Kicks Off Miami’s Bitcoin Month

CryptoWorldCon, the Event That Kicks Off Miami’s Bitcoin Month

MIAMI, Feb. 17 (Korea Bizwire) — Only 40 days away, CryptoWorldCon (CWC), the event of blockchain technology and cryptocurrencies focused on cutting-edge schemes and trends in the blockchain market, will kick off Miami´s BitCoin Month on April 1 & 2, 2022, at one of Miami’s most prominent and renowned venues, the James L. Knight Center. This [...]

Digihost’s October Bitcoin Production Value Increases 1,486% over October 2020 and Up 56% from September

Digihost’s October Bitcoin Production Value Increases 1,486% over October 2020 and Up 56% from September

TORONTO, Nov. 15 (Korea Bizwire) — Digihost Technology Inc. (“Digihost” or the “Company”) (TSXV: DGHI; Nasdaq: DGHI), an innovative North American based Bitcoin self-mining company, is pleased to provide an unaudited Bitcoin (“BTC”) production update for the month ended October 31, 2021. All amounts are expressed in USD unless otherwise indicated. The Company is also [...]

Tougher Regulations Cast Shadow over Crypto Markets in S. Korea

Tougher Regulations Cast Shadow over Crypto Markets in S. Korea

SEOUL, Aug. 20 (Korea Bizwire) — Ko Kwang-nam invested 5 million won (US$4,251) in cryptocurrencies but lost about half of his holdings as the nation’s cryptocurrency markets showed signs of cooling down ahead of tougher regulations. As things stand, Ko, a 30-something office worker in Seoul, is likely to lose most of holdings because he [...]

Cryptocurrency Exchanges Sustain Heavy Losses Despite Overall Growth of Fintech Industry

Cryptocurrency Exchanges Sustain Heavy Losses Despite Overall Growth of Fintech Industry

SEOUL, Aug. 13 (Korea Bizwire) — Despite the overall growth of South Korea’s fintech industry, including the market for wire transfers and payments, cryptocurrency exchanges have seen drastic cuts in revenue and operating profits. CEO Score, a business analysis agency, studied the performance of 186 fintech firms based on public reports from the last three [...]

S. Korea Faces Dilemma over Cryptocurrency Taxation

S. Korea Faces Dilemma over Cryptocurrency Taxation

SEOUL, April 23 (Korea Bizwire) – South Korea’s financial authorities are moving to impose an income tax on cryptocurrency trading from next year, but investors in digital tokens have raised a nagging question about the proposed taxation. A growing number of cryptocurrency investors have cried foul over whether the government will collect a tax on [...]

Trading Platforms, Investors Face Tightened Rules amid Frenzied Rush to Cryptocurrencies

Trading Platforms, Investors Face Tightened Rules amid Frenzied Rush to Cryptocurrencies

SEOUL, April 20 (Korea Bizwire) – Amid woes over a bubble in cryptocurrencies and their rollercoaster moves, authorities here are taking steps to curb people from making ‘irrational’ investments, and trading platforms may face restructuring as banks are expected to seek tighter screening measures for the opening of real-name bank accounts. Wary of missing out, [...]

Cryptocurrency Turnover in S. Korea Doubles over Past Month

Cryptocurrency Turnover in S. Korea Doubles over Past Month

SEOUL, April 16 (Korea Bizwire) – The cryptocurrency turnover in South Korea has more than doubled over the past month, a market tracker said Friday, as retail investors scramble to the virtual currency amid the fallout of the coronavirus pandemic. The combined turnover of 14 cryptocurrency exchanges in Asia’s fourth-largest economy came to US$21.63 billion [...]