South Korea Remains Firm on ICO Ban Despite Calls for Legality, For Now

The chairman of South Korea’s primary markets regulator has reaffirmed the authority’s initial coin offering (ICO) ban in a top-level meeting on Thursday. Financial Services Commission (FSC) Chairman Choi Jong-ku has told lawmakers during the annual government audit in a parliamentary meeting that the authority will stick to its policy of a sweeping blanket ban …

Roger Ver Sent Governor of Jeju I$100 in Bitcoin Cash, Did it Violate Local Policy?

Roger Ver, a prominent cryptocurrency investor who has backed some of the largest companies in the global crypto sector such as Blockchain, Zcash, BitPay, and Kraken, recently sent the governor of Jeju Island of South Korea $100 worth of bitcoin cash at a public event. Humorous Kim Yeong-Ran Rule Banter Over the weekend, Ver visited …

South Korean Crypto Exchange Bithumb Re-opens Deposits & Withdrawals

South Korean cryptocurrency exchange Bithumb will resume deposit and withdrawal services on Saturday at 11 am KST. The exchange had suspended all deposits and withdrawal services on its platform following the June hack on a hot wallet, which led to the loss of tokens valued at over $30 million. Hacked Crypto Exchange Bithumb Unfreezes Withdrawals …

Nexon Korea CEO Denies Rumors of Acquiring Bitstamp for $350 Million

Join our community of 10 000 traders on Hacked.com for just $39 per month. Video game company, Nexon Korea’s CEO, Lee Jung-hun has issued a statement in a press conference denying the rumors of a Bitstamp acquisition. The rumors, which hit the headlines yesterday, suggested the oldest bitcoin exchange was up for sale and that …

South Korea’s Largest Banks Go Pro-Cryptocurrency with OmiseGo Deal

Join our community of 10 000 traders on Hacked.com for just $39 per month. South Korea’s largest commercial banks including Shinhan and Woori have continued to support cryptocurrency exchanges after Kookmin, the biggest bank in the country, denied to provide financial services to trading platforms. Shinhan and Omise Since then, both Shinhan and Woori have …

Korean Insurer Denies Claim from Bankrupt Cryptocurrency Exchange: Report

Join our community of 10 000 traders on Hacked.com for just $39 per month. One of South Korea’s largest insurance companies has denied a claim from cryptocurrency exchange Youbit in the wake of a December cyberattack that bankrupted the firm’s parent company. The Wall Street Journal reports that DB Insurance denied a $2.8 million claim …