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Cryptocurrency Exchanges in South Korea at Risk of Bankruptcy Amid Declining Trading Volume

As many as 97% of all cryptocurrency exchanges in South Korea could go out of business following declining trading activities. Reports indicate that blockchain and crypto projects prefer to list their tokens on platforms outside the country blaming the increasingly restrictive nature of the virtual..

Experts: South Korean Crypto Projects Look to Leave the Country

News The number of South Korean digital currency projects leaving the country to list their products on foreign exchanges is increasing, experts say. South Korean news outlet Business Korea reported on Aug. 19, that industry experts have noticed a surge in cryptocurrency and blockchain-focused pro..

Maltese Crypto Exchange CGEX Shuts Down After Temporary Terminations

News Coinone Global Exchange (CGEX), a Malta-based crypto exchange launched by major South Korean exchange Coinone, will terminate its service in mid-September. Less than a year in operationAccording to an announcement on Aug. 12, the exchange will shut down services at 2:00 a.m. UTC on Sept. 18. ..

Blockchain CEOs Fed Up With South Korean Regulation Approach: Report

South Korean Blockchain projects are ditching the domestic market due to regulatory headaches, mainstream media report.South Korean Blockchain Projects Look Abroad Referencing a range of industry experts on August 18, local news outlet Business Korea noted the increasing tendency for Blockchain p..

South Korean Crypto Exchange Coinone Releases Criteria for Crypto Listing

News South Korean cryptocurrency exchange Coinone has released a set of criteria for determining whether to list new digital currency projects on the exchange. In a blog post published on Aug. 8, Coinone described nine criteria cryptocurrency projects should comply with in order to be listed on th..

South Korea’s ‘Bit-Island’ Jeju Announces New Blockchain Initiative

News South Korea’s “Bit-Island” Jeju announced the Blockchain Hub City Development Research Service on Aug. 13. An island with blockchain ambitionsLocal news outlet JejuDomin reported on Aug. 14 that Jeju announced the Blockchain Hub City Development Research Service on Aug. 13. Furthermore, the a..

What Are the Biggest Alleged Crypto Heists and How Much Was Stolen?

Analysis As the appeal of cryptocurrency has grown, so has the opportunity for scammers to part naive investors from their money. 2019 has been no exception, with cryptocurrency and blockchain forensics company Ciphertrace dubbing it “the year of the exit scam.” Exit scams are not a new phenomeno..

Terra Stablecoin Alliance Adds South Korean Music Streaming Platform

News Blockchain payment system and stablecoin issuer Terra has added South Korean music streaming platform Bugs to its e-commerce alliance. As CoinDesk reported Aug. 14, there are now 25 partners in the Singapore-based company’s South Korea-focused payment ecosystem. The Terra Alliance uses payme..

Korea’s Oldest Bank Is Building a Blockchain-Based Security System

News South Korea’s oldest bank, Shinhan Bank, partnered with two other companies to develop a blockchain-based security solution. Korea’s Shinhan bank to enhance security with blockchainAccording to a report published on Aug. 14 by local news outlet TheKoreaTimes, Shinhan Bank signed a memorandum ..

Crypto Derivatives Exchange Blade Raises $4.3M From Coinbase and Others

News A soon-to-launch cryptocurrency derivatives exchange has raised $4.3 million from major investors such as the cryptocurrency platform Coinbase and the investment firm SV Angel. The exchange Blade is scheduled to launch in three weeks’ time. Blade’s funding and plans come by way of a Tech Crun..

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