The new card will support crypto payments using Paycoin at over 30 million UnionPay merchants. Major financial services corporation China UnionPay, an analog to card providers like Visa and Mastercard, has partnered with the South Korean payment provider Danal to launch a cryptocurrency-supporting digital card. Danal’s crypto wallet Paycoin, and its crypto token of the […]
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The boost may come down to the popularity of one specific token. Data indicates that Coinone, a South Korean exchange, saw its user base rise by about 10,000 people per month after listing Kakao’s klaytn (KLAY) token in June. The token was listed after Kakao, a tech giant who runs the most popular chat app […]
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Wash trading hurts investors and taints the crypto industry, but extinguishing it will be difficult absent global regulation. When Bitwise Asset Management declared in a March 2019 presentation to the United States Securities and Exchange Commission that 95% of the Bitcoin (BTC) trading volume being reported globally on cryptocurrency exchanges was “fake,” it jolted rating […]
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Cryptocurrency exchanges in Korea shrink within national boundaries due to lack of regulatory clarity. The lack of regulatory uncertainty in South Korea is causing major Korean cryptocurrency exchanges to lose international traders and turn their focus on the domestic audience. Speaking to Cointelegraph, a spokesperson of the South Korean exchange Upbit expressed his concern about […]
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Ripple, Brave, Huobi and 40 other companies have joined the Open Payment Coalition to launch instant payment network PayID worldwide. More than 40 companies including Ripple, Brave and Huobi have joined forces to form the Open Payments Coalition and launch universal payments system PayID. Reaching more than 100 million consumers, the new payment process will […]
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The abnormal transaction fees from last week may not be blackmail after all, according to Alex Manuskin, a blockchain researcher at wallet company ZenGo. Last week, the crypto community spotted transaction fees of up to $2.6 million featured in several transactions on the Ether (ETH) network. Vitalik Buterin has since suggested that the abnormous fees […]
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Kakao’s KLAY token is now trading with a South Korea won pairing despite the country’s restrictions on ICOs. South Korean tech giant, Kakao, listed its Klaytn blockchain-issued Klay (KLAY) token via a local cryptocurrency exchange on June 5. This news follows their launch of a new crypto wallet feature in KakaoTalk earlier the week. After […]
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A Seoul court granted the petition demanded by the prosecutors to freeze crypto wallets owned by the head of the Nth Room case. On June 2, a South Korean court ordered a freeze on all the cryptocurrency wallets, securities deposits, and stocks account owned by Cho Ju-bin, the suspected head of Nth Room. Nth Room […]
Continue ReadingMessari adds 10 new exchanges to its ‘real volume’ metric and overhauls methodology. Crypto data and research platform Messari has added 10 new exchanges to its “real volume” metric as part of a revamp of the methodology. The ranking is an attempt to rank exchanges without including any wash trading — which came about following […]
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Experts warned that South Korean authorities may struggle to identify all people who used crypto payments. South Korean IT experts claim that investigators in the Telegram Nth room case could have trouble identifying users who used crypto payments to access illicit videos via the chat platform. Overseas exchanges’ transactions could be an issue According to […]
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