SEOUL, Nov. 18 (Korea Bizwire) — The local price of the virtual currency bitcoin topped the 20 million won (US$18,000) mark Wednesday for the first time in nearly three years, a local cryptocurrency exchange said. Bitcoin was trading at 20.1 million won as of 2:29 p.m., up 7.16 percent from the previous session, according to [...]
SEOUL, Feb. 12 (Korea Bizwire) — Bitcoin made up 32.7 percent of all cryptocurrency trading in South Korea in December, the lowest ratio among global exchanges, a local think tank said Sunday. In a report released Sunday on the Korean cryptocurrency trade and its characteristics, the Korea Insurance Research Institute (KIRI) said the ratio of [...]
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 [...]
SEOUL, Dec. 26 (Korea Bizwire) – A credit card points for Bitcoin swap service currently offered by KB Kookmin Card and Shinhan Card is on its last legs, as the respective firms have decided to shutter the service in January. KB Kookmin Card and Shinhan Card points can be redeemed for Bitcoins at cryptocurrency exchange [...]
SEOUL, Sept. 11 (Korea Bizwire) – By announcing a set of regulatory guidelines dealing with the peripherals of the virtual currency market, the South Korean government has made one thing very clear: virtual currency is here to stay. Virtual currency’s proliferation has been rapid since its conception by programmer Satoshi Nakamoto in 2009. His creation, [...]