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Coinbase Adds Latin America and Southeast Asia to Its Expanding Client Base

Coinbase Adds Latin America and Southeast Asia to Its Expanding Client Base

US cryptocurrency exchange giant Coinbase is to add 11 new markets in Latin America and Southeast Asia as part of its current global expansion programme. This is hot on the trail of its expansion in the UK market seeing revenue growth of 20% to USD 173 million, and the recent announcement of its new Coinbase card. In 2018, the exchange …


South Korea Police Use AI to Capture $18 Million Crypto Scammers

North Korea's Unlikely Relationship with Crypt (1)

A local English newspaper, the Korea Joongang Daily, has reported the successful capture of cryptocurrency ponzi suspects by South Korean police, with the aid artificial intelligence (AI). The ponzi allegedly raked in over KRW 21.2 billion (USD 18.3 million) from victims over a period of six months last year. However, their run came to a decisive end after the Seoul …


South Korean Crypto Exchanges Combine to Tighten AML Security

South Korean Crypto Exchanges Combine to Tighten AML Security

South Korean exchanges Coinone, Corbit, Upbit, and Bithumb have joined in implementing heightened levels of anti-money laundering (AML) security in view of high-level hacks over time. Despite the country’s high level of regulation, requiring companies offering cryptocurrency products to implement AML security, hackers have proven to find ways of infiltrating some exchanges’ safeguards. The four exchanges will focus on activities …


Samsung Files for UK Crypto Trading Wallet Patent

samsung, blockchain

Electronics giant Samsung appears to be turning its direction towards cryptocurrencies as it continues to develop the next generation of phones. This time it is targeting the UK market, with an application already filed with the U.K. Intellectual Property Office for its ‘Samsung Crypto Wallet’. The suggestion is that Samsung is planning to begin building cryptocurrency facilities into its popular …


Bitcoin and Ethereum Covered by New Seoul-Based Crypto MBA

seoul, blockchain, south korea

The latest institution to offer an accepted qualification in cryptocurrency studies is the South Korean Seoul School of Integrated Sciences and Technologies. The school has launched what it calls “the world’s first crypto MBA course for a business graduate school,” with course areas covering Bitcoin, Ethereum, smart contracts, crypto funds, Dapp planning, game theory, and skills in whitepaper writing. The …


7 Major South Korean Exchanges to Create “Healthy Crypto Ecosystem”

7 Major South Korean Exchanges to Create "Healthy Crypto Ecosystem"

As the South Korean government continues to work on institutionalizing cryptocurrency exchanges, seven major players have signed an ‘Agreement for the creation of a sound cryptocurrency ecosystem’. Local media reports that the exchanges, Upbit, Bithumb, Korbit, Coinone, Gopax, Coinplug (Cpdax), and Hanbitco, have stated the accord’s aim is to not only to create a healthy ecosystem but also to prevent …


South Korea Hospital to Use Blockchain for Patient Information

South Korea

Myongji Medical Complex, one of the largest hospitals in South Korea, has announced that it is partnering with a local blockchain company to develop a DLT-based medical services platform for its patients. The sprawling medical facility in Goyang has recently signed a Memorandum of Understanding (MoU) with Korean company BICube, which itself is basically a machine learning startup. The two …


Seoul Mayor Unveils Broad 5-Year Blockchain Infrastructure Plan

Seoul Mayor Unveils Broad 5-Year Blockchain Infrastructure Plan

Speaking in Zug, Europe’s “Crypto Valley”, Seoul Mayor Park Won-soon, reaffirmed his campaign promises by announcing a robust plan for blockchain funding and development in the capital city. Blockchain hubs During his Crypto Valley stop on an 11-day European excursion, Park revealed his intentions to foster blockchain technologies in Seoul with a city government fund of KRW 100 billion (USD …


South Korea to Reject Crypto Exchanges as Venture Firms, Doubling Tax Obligations

South Korea to Reject Crypto Exchanges as Venture Firms, Doubling Tax Obligations

The South Korean government is expected to reject the continuation of designation of cryptocurrency exchanges and other blockchain projects as venture firms. The move will create problems for cryptocurrency startups as the taxes on them are expected to double in the light of this move. The legislation was first proposed by the Small and Medium Enterprises (SMEs) Ministry of the …


South Korean Firms Actively Adopting, Generating Blockchain 3.0 Tech

South Koreans Actively Adopting, Generating Blockchain 3.0 Tech

Third-generation blockchain projects are in hot competition in South Korea’s bustling blockchain and cryptocurrency industries. The term “Blockchain 3.0” has been cropping up a fair amount in 2018 to a mix of skepticism as to when it will truly arrive, with projects such as EOS and several others supposedly leading this race. In the case of South Korea, there is …


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