The Biggest Problem for ICOs? In 2018, It Was Their Own Investors
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Hashed CEO Simon Seojoon Kim looks at the inherent limitations of ICOs, in particular the belief that “anyone can invest in an initial project.”
Category: South Korea
It’s Time for Local Governments to Break Blockchain’s Regulatory Gridlock
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How a South Korean governor is moving fast on blockchain, despite a slow national legislature.
7 Major Exchanges in Korea Agree on Joint Measures
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Seven major crypto exchanges in South Korea have joined forces to create a sound cryptocurrency ecosystem. They have agreed on joint measures such as information sharing and real-time monitoring of abnormal transactions. Meanwhile, the Korean government is working on institutionalizing crypto exchanges. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Seven…
Crypto Exchange in South Korea Pulls Exit Scam, Stealing $30 Million
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Pure Bit, a cryptocurrency exchange in South Korea, has allegedly pulled an exit scam, disappearing with more than $30 million worth of user funds. On Nov. 9, as BlockchainROK, a trusted news source in South Korea reported, the management team of Pure Bit started to delete social media handles of the exchange and kicking users…
‘Asia’s Amazon’ Starts Using Bithumb’s Payment Service for Cryptocurrency Users
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One of South Korea’s largest cryptocurrency exchanges, Bithumb, has begun providing a cryptocurrency payment service to a major online marketplace it refers to as “Asia’s Amazon.” Korean users can use their cryptocurrencies held at the exchange to pay for purchases on Qoo10 using this service. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Qoo10…
Top Three South Korean Cryptocurrency Exchanges Expand Overseas
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Three of South Korea’s largest cryptocurrency exchanges are expanding overseas. Upbit has launched a Singaporean crypto exchange with 156 coins and 221 trading pairs. Coinone has established a crypto exchange in Malta while Bithumb is planning to launch a security token platform in the U.S. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bithumb to…
South Korea Cracks Down on Unauthorized Cryptocurrency Funds
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South Korean financial regulators are cracking down on unauthorized cryptocurrency funds. In particular, one crypto fund launched by a local exchange is reportedly being investigated. The exchange claims no wrongdoing as its token activities were carried out overseas, but has promptly canceled its plan to launch a second fund. Also read: Yahoo! Japan Confirms Entrance Into…
Bitstamp Confirms Acquisition by South Korean Company
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Bitstamp has confirmed that it has been acquired by a European subsidiary of a South Korean corporation. Nejc Kodrič will remain the CEO of the exchange. The Korean group also owns gaming giant Nexon and Korbit, the country’s fourth largest crypto exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bitstamp Acquired The oldest…
In Korea's Ruling Party, A Lawmaker Commits to Ending the ICO Ban
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A powerful new voice is standing up to South Korea’s ICO ban.
Venture Capital Investment in Blockchain Up Nearly 300 Percent in 2018
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According to a recently published Diar report, venture capital investments in crypto and blockchain companies have nearly tripled in the first three quarters of 2018 from that of 2017. Diar references data from Pitchbook that reveals that blockchain and crypto-related companies have raised approximately $3.9 billion in venture capital this year. This figure represents a…
