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inCruises International Breaks New Ground by Partnering with NetCents Technology Market Leader Cryptocurrency Processor

SAN JUAN, Puerto Rico, Jul. 30 (Korea Bizwire) — inCruises International, the world’s largest cruise membership club, has entered into a merchant agreement with NetCents Technology Inc. (CSE: NC/ Frankfurt: 26N / OTCQB: NTTCF). Expanding into cryptocurrency processing is a natural progression of the company’s growth strategy around the globe. “Through this integration, NetCents will [...]

OKEx Donates $4.5 Million to Foster Perpetual Swap Market

VALLETTA, Malta, Jul. 24 (Korea Bizwire) — OKEx, a world-leading cryptocurrency exchange, has donated $4.5 million-worth of Bitcoin to its perpetual swap market insurance fund to foster customers’ confidence in trading cryptocurrencies. Last year, OKEx introduced perpetual swap trading along with the new risk management system which their customers widely benefited from. Since the adoption [...]

Damage from Cryptocurrency-related Crimes Estimated at 2.7 tln Won

SEOUL, Jul. 21 (Korea Bizwire) — The financial damage caused by cryptocurrency-related crimes reached nearly 2.7 trillion (US$2.3 billion) over the past two years, government data showed Sunday. The financial loss of scams and fraud involving cryptocurrencies came to 2.69 trillion won between July 2017 and June 2019, according to the data from the justice [...]

Professionals Become Advisors in the Thriving Cryptocurrency Market

SEOUL, Jul. 19 (Korea Bizwire) — Professionals from both South Korea and abroad are gathering in the blockchain market as the popularity of cryptocurrencies continues to expand rapidly. Former executives from major IT, finance, and venture investment firms in the country and abroad are joining blockchain businesses as advisors. David Park, the former head of [...]

Number of Cryptocurrency Exchanges Rises in S. Korea amid Lack of Regulations

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 [...]

CPUcoin Partners with QoinPro to Quickly Expand Their Sharing Economy for CPU/GPU Power

SAN FRANCISCO, Jun. 12 (Korea Bizwire) — -(via Blockchain Wire)- CPUcoin (cpucoin.io), developers of the sharing economy for CPU power, today announced a partnership with QoinPro, the innovative multi-wallet provider of AirDrop services and auto-earning technology. The companies have created a broad reaching partnership to accelerate CPUcoin’s DService (Decentralized Server Application) platform and conduct an [...]

Investex Bank Now Offers Trading for Customers

KINGSTOWN, St. Vincent and the Grenadines, May 27 (Korea Bizwire) — Investex, a provider of banking and trading services since 2012, today announced that its customers can now get access to the international financial markets directly with their bank accounts. The bank offers different financial assets for trading: Forex Pairs, Spot Metals, and Cryptocurrencies, with [...]

BitWallet Launches Its Revolutionary Cryptocurrency App for Apple Devices

HOUSTON, Apr. 9 (Korea Bizwire) — Today, the BitWallet company launches a powerful new cryptocurrency wallet for Apple devices, which now make cryptocurrency transactions possible to anyone with an iPhone or iPad. Available on the AppStore, it enables customers to store, send, and receive Bitcoin as well as other major ‘altcoins’. A hit with consumers, [...]

Expelled Indonesian Undergraduate Busted for Alleged Cryptocurrency Mining

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 [...]

Another Cryptocurrency Fraud Case Further Dampens Market Sentiment

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 [...]