Crypto Adoption In South Korea Continues To Grow With Kakao

South Korea is a country that delves into new and upcoming technologies all the time. In fact, the capital of the nation, Seoul has been ranked as the world’s ‘leading digital city’ and the ‘tech capital of the world’. Kakao is one of the biggest messaging apps in the country and with more than 44…

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South Korean Kakao puts $57M into blockchain, AI research in Q4 2018

Recognizing the great potential that lies in blockchain technology, many global giants have continued investing in its research. One of these is South Korean internet and messaging giant Kakao. According to a new report, the firm invested $57 million in the research and development of new technology. They include artificial intelligence and blockchain technology.  According…

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South Korea’s KEB Hana Bank files 46 blockchain-related patents

KEB Hana Bank, the largest foreign exchange bank in South Korea, has announced it has filed 46 patents for blockchain technology, in one of the largest single disclosures of blockchain IP ever disclosed, ZDnet reported. The bank has covered 46 business models relying on blockchain technology through its filings, which cover methods for electronic contracts,…

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Central bank digital currency could harm South Korea’s financial system​

A report published by the Bank of Korea (BoK) says that introducing a central bank digital currency (CBDC) could negatively impact South Korea’s financial system. The report, which was released on Thursday, stated that a CBDC could lead to a liquidity shortage and drive interest rates up. Central banks from several countries have recently held…

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Exchanges News: Huobi Trial Eos Exchange, Sharespost Facilitates Security Token Transaction

In recent cryptocurrency exchange news, Huobi’s EOS exchange has entered trial operations, Sharespost has facilitated a secondary trade of the BCAP security token, and Bithumb has obtained South Korean Information Security Management System certification. Also Read: Bisq DEX Launches DAO on Testnet as Developers Seek to Decentralize Governance  Huobi Launches Trial of EOS Exchange In the…

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South Korea Moving Towards Crypto And Blockchain MBA Program

South Korean major business school plans to offer a Master’s Degree now in cryptocurrency. Moreover, the crypto MBA covers various topics within the one-and-a-half-year session program. Some topics in crypto and blockchain MBA program include, Bitcoin Ethereum Smart contracts Crypto funds Dapp planning Game theory How to write persuasive whitepapers Meanwhile, the Korean government authorities…

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Blockchain Association Plans To Turn South Korean City Into A Digital Currency Hub

South Korea has always been precise about cryptocurrency and blockchain while it comes to regulations and ongoing market. Also, there are already converse going on to make a compact decision about the startups and lawsuits. KBEPA stands for Korea Blockchain Enterprise Promotion Association. According to KBEPA, the potential of blockchain and cryptocurrencies is already visible…

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South Korean Myongji Hospital Uses Blockchain for Medical Information Services

Blockchain For Medical Services The hospital releases official news regarding this medical service using blockchain tech on November 12. Myongji Hospital which belongs to the city of Goyang at South Korea signs agreement- Memorandum of Understanding (MoU) with BICube.  Moreover, this is a Korean IT firm creating a market as a machine learning platform. Both…

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Chinese Crypto Currency Exchange BTCC Expands Into South Korea

New reports from China indicate that the country’s first cryptocurrency exchange, previously known as BTC China, plans to expand their services to Korea. The reports claim that the move is scheduled for October 31, 2018. BTCC is an old crypto exchange, which was launched as far back as in 2011. Since then, it grew to…

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Bitcoin Cash Price Analysis: BCH/USD Turns South Towards $500

Key Points Bitcoin cash price failed to break the $550 resistance and declined recently against the US Dollar. There was a break below a key bullish trend line with support at $525 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is under pressure and it may continue to move…

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South Korea Interested In Third Generation Blockchains

Second-generation platforms like Ethereum allow applications to run as programmed whereas third-generation platforms have come out of the blue addressing current issues with second-generation networks, this has grabbed the attention of South Korea. EOS, Orbs and Link Chain are just a few examples of third-generation blockchain networks which are making waves in the industry. They…

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ICO Research Firms in South Korea Are Gaining Popularity | BTCMANAGER

The rising threat of frauds and blatant exit-scams from ICO firms and token issuers is set to slow down in the months to come, as several cryptocurrency-centric security firms have set up shop to fight against the nuisance, reported Business Korea on July 30, 2018. Cryptocurrency Trading Sector Analysts from the private equity and security…

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Bitcoin (BTC) Price Watch: Sharp Selloff on South Korea Update

Bitcoin Price Key Highlights Bitcoin price broke below its short-term triangle consolidation and rising channel to pave the way for a larger pullback. The Fibonacci retracement tool shows the potential support levels where buyers could be waiting. Price might also be forming a larger ascending channel on its 4-hour time frame as indicators still support…

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Binance Sets Sights On South Korea

Following South Korea’s moves to embrace the cryptocurrency market, crypto exchange giant Binance has announced plans to expand into one of the world’s top markets for Bitcoin (BTC) and Ether (ETH). At the Blockchain Partners Summit in Seoul in July, Binance CEO Changpeng Zhao took to the stage to announce this aggressive expansion into one…

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South Korea’s Financial Innovation Bureau Will Legitimize Blockchain and Cryptocurrency

The new venture goes by the name of the Financial Innovation Bureau. The decision to launch such a dedicated “task force” was made during the recent meeting between top financial regulators and the Ministry of the Interior and Safety. It is expected that this will only be a temporary measure to legitimize blockchain technology. More…

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Malware in South Korean Cyberattacks Linked to Bithumb Heist

Lazarus Group is likely behind a spear phishing campaign containing malicious code to download Manuscrypt malware. Lazarus Group, a team of cybercriminals reportedly based in North Korea, is believed to be targeting its southern neighbor with malicious documents. The files, recently reviewed by South Korean researchers and experts at AlienVault, pack Manuscrypt malware as the…

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Another Bitcoin ATM Launches In South Africa Following Shutdown Of The Previous

South Africa, one of the places in the continent which cryptocurrencies have gained ground is set to take another shot on launching the first fully functional Bitcoin ATM in the country. The country had initially launched a similar ATM way back in 2014, but the ATM has since been shut down as a result of…

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A South Korean Hospital Announces on Accepting Payment in Cryptocurrencies

The reign of digital currencies proved how deeply rooted they have been and how promising it is to be considered in future payments when a hospital in South Korea announced its decision to accept its payment. The Seoul based hospital has made provisions for patients who decide to make payment in cryptocurrencies. KMP Health Care…

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Sygnia Plans to Launch a Cryptocurrency Exchange in South Africa

South Africa is quickly positioning itself as a go-to hub for cryptocurrency trading. To do so properly, new infrastructure will need to be launched. Sygnia, a well-known asset management company, is apparently looking to enter the cryptocurrency trading ecosystem. Its new venture is scheduled to launch in Q3 of this year. SygniaCoin is Worth Keeping an…

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South Korea’s National Assembly Wants to Restore the Domestic ICO Industry

The South Korean government evidently wants to ease off on cryptocurrency regulation. On Monday, it became apparent that the government will focus on making cryptocurrency trading a lot easier and more straightforward. In another development, it seems the country’s National Assembly wants to allow ICOs once again. Another Regulatory Development in South Korea A lot…

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