South Korean Lawmakers Ask the Government to Go Easy on Blockchain-Based Firms

South Korean Lawmakers Ask the Government to Go Easy on Blockchain-Based Firms

When it comes to regulation of blockchain and crypto-related ventures, governments tend to be bearish due to the heavy-weight duty of protecting investors and maintaining a crime-free environment in which they could conduct business safely. However, every country or state wants to grow and secure a seat in the table of the world-leading countries; in this age and time, technology is part of the secret recipe in achieving this goal. Therefore, more and more countries…

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Crypto Battle: Ethereum’s Buterin vs. Professor Roubini in Seoul

Crypto Battle: Ethereum’s Buterin vs. Professor Roubini in Seoul

The line between crypto enthusiasts and critics has always been conspicuously clear with both adversaries at the very ends of the line. Crypto enthusiasts, like the optimists, always believe in the growth and sustainability of the crypto ecosystem; while crypto critics are, most often, on the bearish end of the spectrum. We have had our fair share of face-offs between both parties over the years with more critics springing up theories and analysis to back…

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Crypto Exchange Bithumb Hacked for Third Time in Two Years; Says Assets Are Safe

Crypto Exchange Bithumb Hacked for Third Time in Two Years; Says Assets Are Safe

Hacks and thefts have long been one of the biggest concerns for cryptocurrency investors and stakeholders. Many well-known cryptocurrencies and exchanges have fallen victim to individuals or groups attacking their reserves. The methods of these attacks have been getting more and more sophisticated. Unfortunately, many cryptocurrency companies and exchanges have been failing to stop these attacks. This failure is hurting consumer and investor confidence in the crypto space as a whole. The latest cryptocurrency exchange…

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Kaspersky Lab: Lazarus Group May be Targeting More Crypto Firms

Kaspersky Lab: Lazarus Group May be Targeting More Crypto Firms

Cybercrime is a longstanding criminal attack that has been plaguing several organizations, institutions, and government agencies across the globe. Tons of cash has been dedicated to fighting off this societal menace eating deep into the global economy. Alas, as more technologies and solutions are being deployed into this fight, the modes and types of cybercrime keep evolving and/or adapting to the changes. Due to this singular factor, fighting off the bad guys seems rather impossible…

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Kakao Seeks More Crypto Funding After Securing $90 Million in Coin Offering

Kakao Seeks More Crypto Funding After Securing $90 Million in Coin Offering

Ground X, the blockchain arm of South Korean messaging giant Kakao has recently raised $90 million through a private coin offering and is all set to net the same amount of capital through initial coin offering starting from March 12th. These consecutive coin offerings are the part of Kakao’s plan to launch its fully-fledged blockchain platform by June 2019. Various private equity funds and venture capitals have participated in the private coin offering despite the…

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South Korean Crypto Exchange Coinbin Goes Bankrupt after $26 Million Embezzlement by Ex-Employee

South Korean Crypto Exchange Coinbin Goes Bankrupt after $26 Million Embezzlement by Ex-Employee

A crypto exchange by the name Coinbin based in South Korea announced on Feb. 20 that it will be filing for bankruptcy soon. The shocking news came as a result of the unpleasant turn of events in the company. Before we get into the story, it is worthy to recall that another exchange, Youbit, suffered a devastating financial loss in 2017 due to a hack, which made it lose about 17 billion won; as a…

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South Korea Awaits US SEC’s Decision about Bitcoin ETF

South Korea Awaits US SEC’s Decision about Bitcoin ETF

The call for a Bitcoin exchange traded fund (ETF) has been a longstanding request in the crypto sphere. With winter rampaging the crypto market, investors are being compelled to turn to safer means of trading within the crypto sphere including exchange traded funds. Still, regulators from all around the world are yet to approve a Bitcoin ETF. As a commission with investor’s safety at heart, the reasons for been skeptic all along is due to…

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South Korea Plans to Include the Blockchain Industry in its 2019 R&D Tax Relief

South Korea Plans to Include the Blockchain Industry in its 2019 R&D Tax Relief

The South Korean government pledged its support for the blockchain industry in 2018 and it hasn’t fallen short of its pledge since then. South Korea’s government provided lots of supports for the blockchain industry last year, and this year it has made a new plan to bolster the adoption and growth of the blockchain industry. Some of the support provided in 2018 included the launch of a scheme to train young blockchain experts and the…

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Research: Asia Might Be the Most Influential Region in the Global Cryptocurrency Ecosystem

Research: Asia Might Be the Most Influential Region in the Global Cryptocurrency Ecosystem

A recent research by the Mosaic research team suggests that the Asian region does not get enough recognition for the vital role it plays in the global cryptocurrency ecosystem. Due to the erroneous view from major cryptocurrency headlines, nine of ten people will argue that European countries and the United States are in control of the wheels in the crypto verse, especially in terms of influencing cryptocurrency prices. This can’t be further from the truth…

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South Korean Ministries Come Together for Port Logistics Blockchain Innovation Pilot

South Korean Ministries Come Together for Port Logistics Blockchain Innovation Pilot

According to a press release published on December 18 from South Korea’s Ministry of Science, ICT and Future Planning (MSIT), two South Korean government ministries have launched a blockchain innovation pilot for port logistics.  The two ministries, the Ministry of Oceans and Fisheries, and MSIT, have launched a blockchain solution and are currently testing whether the technology can make Korea’s container shipping industry more efficient. As with all areas of operations, there is a heavy…

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