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S. Korean Cryptocurrency Exchanges Push to Improve Transparency

S. Korean Cryptocurrency Exchanges Push to Improve Transparency

SEOUL, Dec. 15 (Korea Bizwire) – South Korean cryptocurrency exchanges said Friday they will adopt a raft of self-regulatory measures to improve transparency in trading to keep the unregulated market in check amid worries over a bitcoin frenzy. The Korean Blockchain Industry Association composed of 14 virtual currency exchanges said its members agreed to require [...]

S. Korea Mulling All-Out Ban on Cryptocurrency

S. Korea Mulling All-Out Ban on Cryptocurrency

SEOUL, Dec. 11 (Korea Bizwire) – South Korea is considering banning all kinds of cryptocurrency transactions in the country as a way to cool down the worldwide craze for digital currencies, the top financial regulator said Monday. “I don’t see bitcoin transactions as financial deals,” Financial Services Commission (FSC) Chairman Choi Jong-ku said in a luncheon meeting with reporters. ”They are not institutionalized [...]

Over 5,000 Cases of Ransomware Attacks Uncovered This Year

Over 5,000 Cases of Ransomware Attacks Uncovered This Year

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 [...]

Cryptocurrency Coming Under Increasing Malware Attack

Cryptocurrency Coming Under Increasing Malware Attack

SEOUL, Nov. 10 (Korea Bizwire) — Malicious code targeting cryptocurrency is increasing at an alarming rate with the rising value of virtual money, statistics showed Friday. According to Korea Internet & Security Agency (KISA), 5,366 cases of damage from ransomware were reported in the January-September period this year, up 3.7-fold from 1,438 in the same [...]

Financial Governance Bodies Form Task Force to Draft Cryptocurrency Regulations

Financial Governance Bodies Form Task Force to Draft Cryptocurrency Regulations

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 [...]

Mining Rigs from Hminers Offering up to 650 TH/s Hash Power for Bitcoin Mining

Mining Rigs from Hminers Offering up to 650 TH/s Hash Power for Bitcoin Mining

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 [...]