Digital Currency Archives | Be Korea-savvy
A Third Option Besides Wallet and Exchange to Deposit Digital Assets with Market Value of Hundreds of Billions of Dollars

A Third Option Besides Wallet and Exchange to Deposit Digital Assets with Market Value of Hundreds of Billions of Dollars

HONG KONG, CHINA, Sept. 28 (Korea Bizwire) — Even in the bear market in 2018, the value of digital currency market still reaches hundreds of billions of dollars, with its transaction volume surpassing that of gold. However, liquidity is an important factor hindering its further development. Vast amount of digital currency asset that is deposited [...]

Twenty-somethings, 30-somethings Eager to Own Digital Currency

Twenty-somethings, 30-somethings Eager to Own Digital Currency

SEOUL, Mar. 27 (Korea Bizwire) – South Koreans who are in their 20s and 30s are familiar with cryptocurrencies and willing to invest in them amid the recent craze for the new type of digital money, a survey showed Tuesday. Some 21.6 percent of 2,511 respondents said they are conscious of cryptocurrencies, with the number soaring to [...]

Digital Currency Unlikely to be Issued Due to Numerous Problems, Bank of Korea Says

Digital Currency Unlikely to be Issued Due to Numerous Problems, Bank of Korea Says

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 [...]

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 [...]

Popularity of Bitcoin Fading in Korea

Popularity of Bitcoin Fading in Korea

SEOUL, Dec. 12 (Korea Bizwire) – Bitcoin – once hailed as the world’s digital currency of the future – is gradually waning in popularity.  According to the Financial Supervisory Service, the amount of bitcoin in circulation at three of Korea’s largest bitcoin exchanges was 1.49 million from January to October this year, a number that [...]