Tag Archives: south korea

South Korea’s president is getting the K-pop idol treatment on his birthday

K-pop fans often go to great lengths to display their love for their idols. It’s common to see large billboards in subway stations or ads in newspapers—even outside of Korea—taken out by fans to celebrate the birthdays of their favorite stars. Now South Korean president Moon Jae-in is getting his K-pop idol (more…)

South Korea’s Cryptocurrency Fiasco is Fueling a Political Conflict

Advertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The controversial decision of Justice Ministry head Park Sang-ki to release a premature and false statement on a potential cryptocurrency trading ban has fueled a political conflict between the current administration and other opposition parties. Opposition Party Accuses Justice Ministry (more…)

Kentucky Fried Chicken Canada Launches “Bitcoin Bucket”

Featured Bitcoiners in the past few days have witnessed mainstream media spreading rumors about South Korea’s ban on cryptocurrency. This, as always, caused some panic selling. But hey, don’t be upset. Colonel Sanders is here to spread some fried chicken joy amid the crypto bloodbath. KFC Canada tweeted today they (more…)

Korea’s Crypto Crackdown Talk Draws Backlash From Users and Politicians

More than 100,000 South Korea residents have signed petitions asking the government there to step back from any plans to close the country’s cryptocurrency exchanges. Earlier this week, the South Korean Justice Ministry announced that it was preparing legislation to close the country’s online exchanges amid a speculative boom in cryptocurrencies. That (more…)

CoinMarketCap Removes South Korea Exchanges, Ripple Market Cap Drops $20 Billion

Highly popular cryptocurrency price tracker CoinMarketCap removed several South Korean exchanges from its listings on Jan. 8, causing a dip in the overall market that particularly affected altcoin Ripple (XRP). The exchanges remove include Bithumb, the world’s second largest exchange in terms of trading volume, along with Coinone and Korbit. CoinMarketCap, which uses (more…)

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 (more…)

South Korea’s Biggest Banks Face Inspection into Cryptocurrency Accounts: Report

Advertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. South Korean authorities are reportedly launching inspections into bank accounts related to cryptocurrency exchanges to crack down on money laundering and speculative trading. According to Korean publication Yonhap, South Korea’s Financial Intelligence Unit (KoFIU) and the Financial Supervisory Service (FSS) (more…)

Korean Exchange Youbit May Avert Bankruptcy – Members Have 3 Options

Featured South Korean exchange Youbit filed bankruptcy last week but has now come up with additional options to pay back its members. The exchange is asking them to vote between three options. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Youbit’s Bankruptcy Filing Youbit exchange’s operator Yapian Co. (more…)

Survey: 31% of South Korean Professionals are Cryptocurrency Investors

Advertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. An employment platform’s survey has revealed 3 out of 10 office workers polled in South Korea are cryptocurrency investors. In a survey published on Wednesday by Seoul-based online employment platform Saramin, 31.3% of 931 office-goers polled claimed to be invested (more…)