SEOUL, March 5 (Korea Bizwire) — Online cryptocurrency services have come a long way since recording fewer than a million visitors per month early last year. Thanks to soaring valuations of bitcoin and other currencies starting in August, the once unheralded sector’s web traffic has surged since then, welcoming 5.09 million visitors in January according [...]
SEOUL, Jan. 31 (Korea Bizwire) — In a first for the justice system, on January 30 the Suwon District Court issued a ruling calling for the confiscation of bitcoins collected for illicit services rendered, essentially recognizing cryptocurrencies as assets of financial value. The 33-year old defendant in the case was convicted of running an illicit website [...]
SEOUL, Jan. 22 (Korea Bizwire) — With cryptocurrency valuations having plummeted since reaching record highs only weeks ago, online communities for investors have degenerated from optimism and high spirits to, evidenced by uploaded photos of cracked monitors and ruined doors, bitterness and destructive behavior. Whether the damage wrought in these photos was truly caused by [...]