November 19, 2018 @ 2:05 am By JD Alois  |  

Samsung backed blockchain startup Aergo has received $30 million in venture funding, according to release from the company. Aergo is a partner of South Korea based Blocko – an enterprise blockchain provider. Aergo allows businesses to build applications and services by sharing data on a… Read More

November 12, 2018 @ 10:31 am By Cali Haan  |  

The Korean cryptocurrency exchange Zeniex is shutting down and has “abolished” it’s cryptocurrency fund and related token, ZXG. According to a November 9th notice from the company: “(A)ll services of Zeniex will be terminated on November 23, 2018.” The exchange launched in May 2018 with the reported backing of Chinese internet… Read More

November 1, 2018 @ 11:14 am By Cali Haan  |  

A judge at the Seoul Central District Court has ordered one of South Korea’s largest banks, Nonghyup, to restore services to the Coinis cryptocurrency exchange, 8BTC reports. The showdown reportedly began in September when Nonghyup announced it would no longer process deposits and withdrawals on behalf… Read More

October 16, 2018 @ 8:40 am By JD Alois  |  

Wadiz, the largest crowdfunding platform in South Korea, has shared a recent report on equity crowdfunding that indicates a growing marketplace. Online capital formation was first legalized in Korea in January 2016 by legislation that created amendments to the Capital Markets Act. Presently, there are… Read More

October 11, 2018 @ 4:58 pm By Cali Haan  |  

South Korean Finance Minister, Yong-Joo Park told auditors from the Finance Committee of the Yeouido National Assembly in Seoul this morning that ICOs (initial coin offerings) pose undue risks to investors and should not be equated with blockchain, Yonhap News reports. “The government does not… Read More

October 3, 2018 @ 5:09 pm By Cali Haan  |  

Cryptocurrency exchanges in Korea say their international competitiveness and ability to attract investors will be adversely affected by a recent Korean government decision to revoke their special status as venture firms, Business Korea reports. The change will affect all exchanges registering as business from this… Read More

September 10, 2018 @ 10:21 pm By Cali Haan  |  

Uzbekistan is taking comprehensive steps, with the help of Korean partners, to enshrine the region as a friendly one for crypto industries and hopes to become, “a new coin special zone after Malta,” ETNews reports. The venture is being led cooperatively by KOBEA, the Economic Committee of Korea… Read More

August 29, 2018 @ 11:15 am By Samantha Hurst  |  

Orbs, an Israel-based hybrid blockchain scaling base-layer protocols, announced on Tuesday it has established a partnership with Ground X, the blockchain subsidiary of South Korean internet company Kakao, for research, development, and business cooperation. Through the partnership, Orbs has expanded into South Korea and opened… Read More

August 26, 2018 @ 2:02 pm By Cali Haan  |  

Two-thirds of all trade volume in crypto- or $6 billion dollars per day- is faked, say researchers at the Blockchain Transparency Institute (BIT), and many of the world’s “top” crypto exchanges aren’t even coming close. The researchers made their conclusions after comparing the order books… Read More

August 25, 2018 @ 9:51 am By Cali Haan  |  

Internet security firm Kaspersky Lab has claimed that hackers with possible ties to North Korea have struck against an unnamed crypto exchange using malware targeting macOS. Kaspersky lab attributes the latest hack to the Lazarus hack group. According to Wikipedia, the Lazarus Group earned its… Read More

August 20, 2018 @ 8:12 am By Samantha Hurst  |  

Digital payment platform Alipay announced on Monday the launch of its paperless tax refund service in South Korea. The firm reported that it teamed up with Global Tax Free (GTF) for the new service, which notably enables Chinese tourists to apply for and claims tax rebates on their mobile phone… Read More

August 6, 2018 @ 1:00 am By JD Alois  |  

OurCrowd Labs/02, a  seed stage incubator and part of Israel based crowdfunding platform OurCrowd, has formed a new partnership with two leading venture capital firms in South Korea: Yozma Group Korea and DTNI. The dual Memoranda of Understandings (MOUs) were signed in early July 2018,… Read More

July 28, 2018 @ 12:00 pm By Xu Gao  |  

China and South Korea’s Financial Regulatory Agencies Reach Cooperation on Cryptocurrencies and Other Issues According to Chosun’s report last week, Yoo Kwang-yeol, the first senior vice president of the Korea Financial Supervision Service (FSS), recently met with the vice chairman of the China Banking &… Read More

June 7, 2018 @ 9:07 am By Samantha Hurst  |  

Cross-border payment platform Currencycloud announced on Thursday it has launched remittance service in South Korea. This news comes nearly one year after forming a partnership with South Korean credit card company, Hyundai Card. According to the company, this news builds on its momentum in Asia-Pacific, with… Read More

May 28, 2018 @ 8:38 am By Cali Haan  |  

South Korea’s largest cryptocurrency exchange and the fifth largest exchange in the world has announced it will cut off new and existing users trading from 11 countries identified by the Financial Action Task Force (FATF) as lax on money laundering and terrorist financing. Effective May… Read More

April 25, 2018 @ 8:50 am By Cali Haan  |  

Reporter Jang Hyeong-tae at Chosen Ilbo shared yesterday that a number of politicians running in Korean regional elections are promising to incorporate blockchain into governance if elected. At least twelve have proposed new cryptocurrencies, said Jang. Korean regional elections are set for June 13th. The Mayor… Read More

April 19, 2018 @ 11:08 pm By JD Alois  |  

Bithumb recently had its audit report published in the Korean Financial Supervisory Services disclosure system and the information provided is enlightening. Bithumb was said to be holding just shy of $6 billion in crypto at the end of 2017. Sure, prices have fluctuated since that… Read More

April 8, 2018 @ 12:00 pm By Cali Haan  |  

Musicians are increasingly looking to crypto to secure and boost bottom lines. Korean paper The Chosun Ilbo reported in February that Korean girl band T-ara are working with Australian firm ENTCash to produce a cryptocurrency or token that fans will be able to trade for… Read More

April 8, 2018 @ 10:00 am By Cali Haan  |  

In addition to calling Craig Wright a fraud, Vitalik Buterin addressed serious matters in Ethereum scaling at the Deconomy Summit in Seoul, Korea April 4th.   Vitalik Buterin calls Craig Wright (fake Satoshi Nakamoto) a fraud, while standing in front of him. #Ethereum #Bitcoin pic.twitter.com/lWd2cqLXfj… Read More

March 28, 2018 @ 10:04 am By Erin Hobey  |  

CoinDesk, Inc, a digital media, events and information services company for the crypto and blockchain community, has partnered with South Korean daily newspaper The Hankyoreh to help launch the new CoinDesk Korea. With the new partnership, The Hankyoreh will translate and distribute CoinDesk’s daily news in Korean,… Read More