Korbit

Binance’s Fiat Integration May Lead Cryptocurrency Exchanges to Move to Malta

2 months ago admin2 Comments Off on Binance’s Fiat Integration May Lead Cryptocurrency Exchanges to Move to Malta
Advertisement Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! Earlier this month, Binance, one of the most widely utilized multi-billion dollar cryptocurrency trading platforms alongside the likes of Coinbase and Bitfinex, has established a bank account in Malta. Malta’s Pro-Blockchain Legislation As a part of the European Read More

South Korean Regulator Supports ‘Normal’ Cryptocurrency Transactions

6 months ago admin2 Comments Off on South Korean Regulator Supports ‘Normal’ Cryptocurrency Transactions
Regulation The director of the South Korean Financial Supervisory Service has announced that the government will support “normal” transactions of cryptocurrencies. Acknowledging that most crypto exchanges are having problems obtaining virtual accounts, he promises to encourage banks to work with them. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Supporting ‘Normal’ Crypto Transactions The director Read More

South Korea’s Government is Reportedly Planning to Hit Cryptocurrency Exchanges with Tax Bills

7 months ago admin2 Comments Off on South Korea’s Government is Reportedly Planning to Hit Cryptocurrency Exchanges with Tax Bills
Image credit: Heart of Seoul at Night in South Korea. Photo by Public Domain. South Korea’s government is reportedly hitting the country’s digital currency exchanges with tax demands in a bid to control the market. According to the Yonhap News Agency, South Korean cryptocurrency exchanges will be required to pay 22 percent of corporate and Read More

Korbit: Non-Koreans Prohibited from KRW Deposits at All Domestic Cryptocurrency Exchanges

7 months ago admin2 Comments Off on Korbit: Non-Koreans Prohibited from KRW Deposits at All Domestic Cryptocurrency Exchanges
Advertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Korbit, the third largest bitcoin and cryptocurrency exchange in the South Korean market behind Bithumb and Coinone, has announced that non-Korean nationals or foreigners will not be allowed to deposit Korean won at any domestic cryptocurrency exchanges. Foreigners Prohibited From Trading Read More

Cryptocurrency Exchange Shutdown Unrealistic: South Korean Finance Official

7 months ago admin2 Comments Off on Cryptocurrency Exchange Shutdown Unrealistic: South Korean Finance Official
On January 18th the chairman of South Korea’s Fair Trade Commission Kim Sang-jo stated during a radio show that shutting down cryptocurrency exchanges is not realistic. During the interview, chairman Kim went as far as to say that banning cryptocurrency trading is “not realistic at all,” and warned the government about the immense economic impact such Read More

South Korean Cryptocurrency Mania: Exchanges are Adding More Employees Than Banks

7 months ago admin2 Comments Off on South Korean Cryptocurrency Mania: Exchanges are Adding More Employees Than Banks
South Korean cryptocurrency exchanges including Bithumb, Coinone, and Korbit are adding more employees than banks and financial institutions, local mainstream news networks have reported. YTN, one of South Korea’s largest mainstream media outlets, revealed that Bithumb, which processes more than $2.6 billion worth of cryptocurrency trades on a daily basis, has been hiring more talents Read More

Several South Korean Banks May Close Down The Accounts of Bitcoin Traders

8 months ago admin2 Comments Off on Several South Korean Banks May Close Down The Accounts of Bitcoin Traders
Woori Bank, the third largest commercial bank in South Korea behind Shinhan and Kookmin, is planning on closing down the existing accounts of cryptocurrency exchanges. Last week, mainstream media outlet Hankyoreh reported that Woori Bank is planning to shut down services for the country’s 3 largest cryptocurrency exchanges: Bithumb, Korbit, and Coinone who account for almost $3 billion Read More

Bitcoin Cash Price Surpasses $1,800 — Eying the Second Largest Market Cap

9 months ago admin2 Comments Off on Bitcoin Cash Price Surpasses $1,800 — Eying the Second Largest Market Cap
Markets and Prices As news.Bitcoin.com reported earlier this weekend, bitcoin cash (BCH) markets have been on a rampage following the canceled 2MB hard fork event. BCH prices have increased three-fold since then, reaching a high of $1810 across global exchanges and has since dropped to around $1400. Alongside this, the network hashrate has also met parity Read More

Bitcoin Cash Markets Remain Resilient As the Network’s Upgrade Approaches

9 months ago admin2 Comments Off on Bitcoin Cash Markets Remain Resilient As the Network’s Upgrade Approaches
News It’s been a crazy week for cryptocurrency enthusiasts as the digital asset ecosystem is still reeling over the canceled Segwit2x fork that was expected to take place on the Bitcoin network next week. Over the course of the past few weeks leading up to the planned 2MB Segwit2x hard fork, Bitcoin Cash (BCH) markets Read More