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Order Book Sharing Ban Could Shake South Korean Exchanges to the Core
30.12.2020
New government regulations that will force South Korean crypto exchanges to cease order book sharing with overseas trading platforms could have a seismic effect on the crypto players in the country - and the issue is reportedly the main reason why major player Binance is set to close down...
South Korean Crypto Exchanges Prepare for Order Book Sharing Shutdown
29.12.2020
Source: Adobe/Андрей К
A number of South Korean crypto exchanges are ceasing policies that see them share order books with overseas exchanges in preparation for the promulgation of a new crypto law that comes into force early next year.
As reported, a series of amendments to a financial law will...
China’s Coal Standoff Causes Power Shortages, Chinese Bitcoin Miners ‘Heavily Affected’
28.12.2020
Regional reports from China detail that bitcoin miners located in certain areas in South China are running short on electricity. The country has been having massive issues with coal prices soaring across the mainland, as the Chinese government hasn’t been allowing coal carriers into ports....
Binance to Exit South Korea, MoneyGram on Ripple + More News
24.12.2020
Source: Adobe/Negro Elkha (edited by Cryptonews.com)
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Binance is to shut down its South Korean operations with almost immediate...
CEO of MTI Bitcoin Ponzi Scheme Flees South Africa in Possible Exit Scam – Funds Blocked
24.12.2020
In an unexpected turn of events, the management team at Mirror Trading International (MTI) now suggest that their CEO Johann Steynberg may have exit scammed. The team alleges that Steynberg, now believed to be in Brazil, has locked out key management staff from accessing MTI’s account with...
Polish Crypto Miner Prepares Its Services For South Korean Gamers
24.12.2020
Source: Adobe/Pixel-Shot
After obtaining a license to operate in Malta, Polish company GamerHash is pursuing its international development plans, aiming to launch its token on one of the leading crypto exchanges in Asia, and establish operations in South Korea.
The firm’s expansion to Malta allowed...
Korean crypto investment company launches $100 million fund for blockchain projects
23.12.2020
South Korea’s Hashed has established a new fund to finance emerging blockchain startups
Crypto, Blockchain Firms in South Korea, Switzerland Get Investment Boosts
23.12.2020
International crypto players are amassing capital ahead of a fresh assault on the markets in the new year – with major players in South Korea and Switzerland announcing investment injections worth millions of USD.
In South Korea, blockchain accelerator Hashed has announced that its Hashed Ventures...
South Korea’s Hashed Raises $120M Venture Fund for Crypto Deals
23.12.2020
Hashed Ventures has raised $120 million for a fund that will be focused on a new era of distributed networks
Bitcoin Booms, But No Return to the Kimchi Premium in South Korea
22.12.2020
Bitcoin (BTC) prices have been skyrocketing globally of late, but in one part of the world, crypto fever is not yet making its mark – or at least not to the extent that it did three years ago.
That place is South Korea, where 2017’s crypto bubble arguably peaked, amid reports of teenagers spending...
South Korean Province to Create Youth Blockchain Jobs with New Fund
19.12.2020
Buddha statues at the Unjusa temple in Hwasun, South Jeolla Province. South Korea’s South Jeolla Province has announced plans to spend USD 14m on a job creation project that will see the region develop new roles in the industry 4.0 sector, blockchain including, for promising youngsters.
Per...
South African Regulator’s Probe Into Mirror Trading International Unearths Previously Undeclared Losses and Missing Bitcoins
19.12.2020
South African financial regulator, the Financial Sector Conduct Authority (FSCA), has filed criminal charges with local law enforcement against Mirror Trading International (MTI), the alleged online bitcoin trading scam. The regulator says its decision to press charges follows an investigation into...
LG’s consulting arm joins KardiaChain mainnet validators
17.12.2020
Electronics giant LG is supporting a new Vietnamese blockchain initiative through its IT and consulting subsidiary
Thailand’s Largest Bank Snubs Ripple – Selects Stellar-based Blockchain for Cross Border Remittances
12.12.2020
In an apparent snub to Ripple, Thailand’s oldest bank, Siam Commercial Bank (SCB) is set to open a new cross border remittances corridor in partnership with Lightnet, a fintech company that uses the Stellar blockchain. SCB says the partnership opens the door for more efficient cross border...
Korean Exchange Operator to Oversee Crypto-Linked Stocks in the Midst of Suspicions on Unfair Trading
12.12.2020
South Korean securities exchange operator is now expanding its overseeing capacity by monitoring all crypto-related stock activities after volatile movements seen in the last few weeks on listed companies tied to the industry. KRX’s Market Oversights Committee to Supervise Crypto-Linked...
Aegis Custody Clears Hurdle in Bid for South Dakota Trust Charter
11.12.2020
Aegis Custody wants to build a tokenized bridge between U.S. investors and trade finance opportunities in Asia
Man Jailed for Role in $25 Million Ponzi Scheme Involving a Failed Crypto
10.12.2020
A South Florida federal district judge has sentenced Jose Angel Aman to 84 months in prison for his role in perpetrating a $25 million diamond Ponzi scheme. In addition, the judge ordered Aman to pay over $23 million in restitution to victims who invested in his diamond cutting business and...
Execs from '99% fake' exchange face charges over market manipulation
9.12.2020
Police have charged Coinbit chairman Choi Mo and two unnamed executives with fraud and forgery related to market manipulation and prosecutors are preparing the case
How One Retailer Is Fighting PS5 Scalpers
8.12.2020
In South Korea, game retailer Gamewoori has a banner that reads, “Pre-Order Now” next to images of the PS5. The PS5 launched there on November 12, but like everywhere supplies are tight and hopeful customers still must reserve consoles from future shipments.Read more
South Korean Authorities Formally File Fraud Charges Against Coinbit’s Executives
8.12.2020
In South Korea, authorities have formally pressed fraud charges against the chairman of a major crypto exchange in the country, Coinbit, plus two unnamed executives of the firm. They are suspected of price manipulation. Coinbit’s Executives Formally Charged by South Korean Authorities...