SEOUL, Dec. 13 (Korea Bizwire) — A virtual currency boom in South Korea is feared to have a negative impact on the country’s tech-heavy secondary stock market as it may drain money from the bourse, analysts said Wednesday. Virtual currencies, such as bitcoin and ethereum, have gained rapid popularity in recent years among South Korean [...]
SEOUL, Dec. 5 (Korea Bizwire) – The government is mulling plans to launch a task force dedicated to dealing with issues related to cryptocurrencies such as Bitcoin speculation and hacking attacks against cryptocurrency exchanges. According to the Ministry of Justice on Monday, plans are being considered by the government to launch a task force to more [...]
SEOUL, Nov. 11 (Korea Bizwire) — As the value of cryptocurrency such as Bitcoin surges, a growing emergence of malicious software targeting the digital money is being observed. According to a report on current cyber threats by the Korea Internet & Security Agency (KISA) on November 10, 5,366 cases of ransomware were discovered from the [...]
GWANGJU, Nov. 2 (Korea Bizwire) — Don Tapscott, a prominent Blockchain advocate, said Wednesday South Korea’s ban on cryptocurrency and its crowdfunding scheme is “heavy-handed regulation” that can hamper innovation and the growth of startups. An initial coin offering (ICO) occurs when firms create their own cryptocurrency and issue it to investors, rather than seek [...]
TOKYO, Oct. 25 (Korea Bizwire) — GMO Internet’s (https://ir.gmo.jp/en/) Bitcoin mining business will launch a token sale (ICO) in 2018, the purpose of which is to sell next-generation mining boards. We will issue tokens as a method to buy next-generation mining boards. GMO Internet’s Bitcoin mining business Cryptocurrency (Bitcoin) mining business requires computers enabling highly [...]
SEOUL, Oct. 20 (Korea Bizwire) – A task force comprised of financial governance bodies such as the FSC (Financial Services Commission), the KFTC (Korea Fair Trade Commission) and the Ministry of Justice is currently in the process of reviewing existing financial law with the aim of laying out explicit parameters for punishable actions regarding the [...]
SEOUL, Oct. 4 (Korea Bizwire) – As the public’s interest in digital currency grows, the Bank of Korea announced on October 2nd that it will be difficult for digital currency to be used as a common currency. The Bank of Korea stated this in its report on the current status and implications of digital currency [...]
SEOUL, Sept. 28 (Korea Bizwire) – Some of the attacks reported on South Korean bitcoin exchanges earlier this year have been found to be from North Korean hackers, according to police. The Korean National Police Agency said on Wednesday that North Korean hackers are responsible for the malware attack on e-mail accounts of officials of South [...]
MIAMI, Aug. 30 (Korea Bizwire) — Hminers ( www.hminers.com ) looks all set to script an unprecedented success story in the worldwide industry for cryptocurrencies. The company’s three mining rigs are quickly emerging as the most preferred option amongst thousands of bitcoin miners around the world. The most extraordinary feature of these mining rigs is their ability [...]
MIAMI, Aug. 25 (Korea Bizwire) — Hminers continues to strengthen their position in the rapidly growing global industry for cryptocurrencies, with their advanced range of mining rigs. Within a relatively short lifespan in the highly competitive market, three extremely efficient mining rigs from the company have received a promising response from several users. These users [...]