With the opening of Korean HQ in Seoul, Cointelegraph looks deeper into local regulatory landscape… South Korean regulators seems to strongly favor blockchain over cryptocurrencies, and some recent events have further proven this hypothesis. As a result, as much as 97% of local digital assets exchanges are in danger of extinction, local reports suggest. Meanwhile, […]
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The Fair Trade Commission originally asked Bithumb and four other platforms to increase liability in 2018. Five cryptocurrency exchanges in South Korea have increased their liability to users in line with demands from regulators. Local English-language news outlet The Korea Herald reported the news on June 17, citing Yonhap News Agency. A year after the […]
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Following Coinnest’s closure, South Korea’s bitcoin trading volumes reached an all-time high on LocalBitcoins. Bitcoin (BTC) trading volumes in South Korea have recently reached new levels on peer-to-peer (P2P) exchange LocalBitcoins, according to charts on BTC statistics service Coin Dance. According to the data, bitcoin weekly trading volumes have surged over the past two weeks, […]
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A major crypto exchange in South Korea has shut down, showing the intensity of the brutal 16-month bear market that caused a wide range of issues for crypto businesses. The shutdown of Coinnest on April 18, one of the major crypto exchanges in South Korea, showcased the intense brutality of the 16-month bear market, which […]
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South Korean crypto exchange Coinnest has begun to terminate its services as of April 16, stating it has struggled to cope with changes in the crypto and blockchain industry. South Korean crypto exchange Coinnest has begun to terminate its services as of April 16, according to a pop-up announcement on the platform’s official website. Notification […]
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2017 saw a lot of capital race into the cryptocurrency world. Many of those who started to invest in digital currency did it for a variety of reasons. A November poll from LendEdu found that 41% of those who put money into Bitcoin saw it as a “world-changing technology”, while 21% characterized it as a […]
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