South Koreas financial regulator has prohibited blockchain token sales today, as well as ordering a halt to cryptocurrency margin trading.
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South Korean Regulator Issues ICO Ban
South Korea’s financial regulator has prohibited blockchain token sales today, as well as ordering a halt to cryptocurrency margin trading.
CoinDesk
Korean Bithumb Exchange Will Enable ZCash Trading in a few Days
Cryptocurrency exchanges are always competing with one another for trading volume. Appealing to as many consumers and enthusiasts around the world is a big priority. That is much easier said than done these days, though. One way to go about things is by adding additional cryptocurrencies over time. South Korea’s Bithumb will do exactly that … Continue reading Korean Bithumb Exchange Will Enable ZCash Trading in a few Days
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Top Korean Gaming Companies Race to Integrate Cryptocurrencies
Korean gaming giant Nexon announced on Tuesday the acquisition of Korbit, Korea’s first ever Bitcoin Exchange, the second largest in volume behind Bithumb.
Nexon’s holding company (NXC) announced its plans on Tuesday to acquire 125,000 shares of Korbit for 91.25 billion won (approximately US .3 million), giving it a 65.19 percent ownership stake in Korbit. The deal is being billed by Korea’s leading financial newspaper Hankyung as “the first large-scale merger & acquisition among domestic virtual currency-related companies.”
Gaming Firm to Buy $80 Million Stake in Korean Bitcoin Exchange Korbit
Gaming firm Nexon has agreed to buy a majority stake in South Korea’s Korbit cryptocurrency exchange for roughly million.
CoinDesk
South Korean Court Declares Bitcoin Confiscation Illegal
n n n n South Korea has set an important precedent on what to do with digital currency used for illegal activities.n
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North Korean hackers ramp up attacks to steal Bitcoin to get around sanctions and fund the regime
‘Cyber criminals may no longer be the only nefarious actors in this space,’ security firm FireEye said.
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