SEOUL, Jun. 20 (Korea Bizwire) — The number of cryptocurrency exchanges in South Korea has risen amid a lack of regulations to prevent investors from trading virtual coins with opaque accounts, industry data showed Thursday. In May, the number of cryptocurrency exchanges stood at 205 in South Korea, although the frenzied buying seen in January [...]
ULSAN, Feb. 7 (Korea Bizwire) — A science and technology university has referred an expelled undergraduate from Indonesia to the immigration authorities on suspicion that the student used the university’s computer room to mine digital currencies, school officials said Thursday. The 22-year-old man entered the school in the southeastern city of Ulsan in 2014 and [...]
SEOUL, Dec. 21 (Korea Bizwire) — The cryptocurrency market, already reeling from a free-fall in the values of key digital currencies, was dealt another blow on Friday as officials at South Korea’s No. 1 cryptocurrency exchange were indicted for offering fraudulent transactions and swindling money from investors. The three officials at Upbit — a board [...]
MIAMI, Dec. 18 (Korea Bizwire) — via CryptoCurrencyWire – 2019 will kick off with what has become widely accepted as one of the most important blockchain conferences of the year. The North American Bitcoin Conference, sponsored by Keynote and part of the World Blockchain Forum, will take place Jan. 16-18, 2019, at the James L. [...]
SEOUL, Nov. 1 (Korea Bizwire) — South Korea’s top cryptocurrency exchange Bithumb has signed a deal with a U.S. fintech company to set up a security token exchange in America, industry sources said Thursday. The agreement with SeriesOne calls for Bithum to invest in and provide technical support for the establishment of the envisioned security [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s biggest cryptocurrency exchange, Bithumb, has been sold to Singapore-based BK Global Consortium, industry insiders said Friday. BK Global finalized its contract with the digital money exchange’s largest shareholder, BTC Korea Holdings, on Thursday to buy 50 percent plus 1 stake for 400 billion won (US$352.5 million), according [...]
HONG KONG, CHINA, Sept. 28 (Korea Bizwire) – In the middle of August, about 20,000 short positions increased but only 3487 speculative long positions increased for COMEX gold futures, which is the first instance where the net long position for gold has changed into net short position ever since 2001. As a preferred choice for [...]
VANCOUVER, British Columbia, Aug. 29 (Korea Bizwire) — CoinField, Canada’s most advanced Bitcoin and cryptocurrency exchange is continuing its rapid expansion, announcing the growth of its international reach, a host of 8 new coins available for trading, acceptance of 4 new fiat currencies, across-the-board fee reductions, and a revolutionary step forward in its matching engine [...]
HONG KONG, Aug. 28 (Korea Bizwire) — BITTECH Limited launches brand new Bittech NS miner for NeoScrypt algorithm. Initially, NeoScrypt was considered to be ASIC resistant. However, finally, it lost ground. The same was with Ethash and Equihash algorithms when BITMAIN and Innosilicon launched respective ASICs. The official release points out that new Bittech NS [...]
SEOUL, Aug. 27 (Korea Bizwire) — North Korea appears to have tried to mine cryptocurrencies on a small scale as transactions of such coins are hard to trace and could be easily used to launder real money, a local report showed Monday. The report, compiled by a research unit of South Korea’s state-run Korea Development [...]