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UpBit Hack: Stolen ETH Worth Millions on the Move to Unknown Wallets
3.12.2019
One of the addresses associated with the Upbit theft last week has successfully moved $1.5 million in Ether to an unknown wallet
Kakao to Launch Browser Extension Wallet for Klay Crypto Before Dedicated App
2.12.2019
Kakao's in-development wallet for its "klay" cryptocurrency will support dapps and tokens based on the firm's blockchain tech. The bad news is the launch has been delayed
Regulatory Roundup: Germany to Let Banks Sell and Store Crypto, Laws Changing in Asia
2.12.2019
Some major regulatory developments in the crypto space have transpired this week. Not only has Germany passed a bill allowing banks to sell and store cryptocurrencies, but South Korea and Thailand are also amending their laws to better regulate the crypto industry. We also cover crypto news...
South African Central Bank to Reportedly Introduce New Crypto Regulations
2.12.2019
The South African Reserve Bank will reportedly introduce new rules on cryptocurrencies to deter users from evading currency controls
Crypto in Africa: Opportunities and Challenges, Explained
2.12.2019
The achievements, the opportunities, the challenges: When it comes to crypto and blockchain in Africa, there's lots to discuss #Sponsored
UpBit Promises Swift Reimbursement, Theories Over Missing Funds Swell
28.11.2019
Details are still sketchy after UpBit hack, although some experts are skeptical to call it an “inside job.” Meanwhile, exchange’s operator confirms they are planning a quick reimbursement
Klaytn Blockchain Ahead of Facebook’s Libra Network, Says Kakao CEO
28.11.2019
The CEO of Kakao said that the Klaytn blockchain is similar to Facebook’s Libra network but more developed
Police Hit CEO of ‘Top 3’ South Korean Exchange with Assault Wrap
28.11.2019
South Korean cryptocurrency exchanges are enduring a torrid week – with the CEO of what media outlets are calling a “top-three” crypto trading platform facing assault and extortion charges.
Per Maeil Kyungjae, police in Gangnam, Seoul, have charged the unnamed exchange’s CEO, who for legal reasons...
Signs Point to Inside Job in Upbit Crypto Exchange Hack, Says Commentator
27.11.2019
In the wake of a 342,000 ETH theft from South Korean crypto exchange Upbit, commentators deem an inside job to be more likely than a hack
BREAKING: Crypto Exchange UpBit Confirms Theft of 342,000 Ether — $50M
27.11.2019
South Korean crypto exchange UpBit has confirmed that 342,000 ETH was sent to an unknown wallet and customer losses will be compensated
South Korean Committee Passes Bill Enforcing FATF Crypto Rules
27.11.2019
South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the country’s financial regulator and comply with the recommendations set by the Financial Action Task...
South Korea Progresses Bill to Provide Legal Foundation for Cryptocurrencies
26.11.2019
The national policy committee of the South Korean National Assembly has approved a bill that would provide a legal basis for cryptocurrencies in the country
South Korea Might Put Cryptocurrency Exchange AML Offenders to Jail
26.11.2019
South Korean regulators and parliamentarians are rapidly building up a legal framework that will help them police cryptocurrency exchanges, with non-compliant exchange operators potentially facing jail time.
Per news outlet Ilgan Today, the regulatory Korea Financial Intelligence Unit is seeking...
China's Dive Into Blockchain, Digital ID Spurs Rest of World to Action
24.11.2019
How is China implementing blockchain in the public sector and will it be a blockchain-driven country of the future?
South Korea to Make Government-led USD 383m Blockchain R&D Drive
22.11.2019
The South Korean government will stump up USD 383 million worth of funding for Seoul-led blockchain research incentives over the next six years.
Per a report from ZDNet Korea, the country’s Ministry of Science and ICT plans to utilize the funds to develop original blockchain technology, with...
South Korea Takes Legal Step to Stamp Out Unregistered Crypto Exchanges
21.11.2019
A legal amendment to an act addressing the South Korean crypto industry would criminalize unregistered exchanges, but has loosened other requirements
LG and Kakao Partner to Bridge Public and Private Blockchains
21.11.2019
LG’s IT affiliate and Kakao’s blockchain subsidiary, Ground X, are teaming up to bridge public and corporate blockchains
South Africa: Bank Drops Bitcoin Exchanges Citing ‘Regulatory Clarity’
20.11.2019
ZA Bitcoin exchanges unfazed as bank moves to end support
FNB Stops Lending Support to South African Cryptocurrency Trading Exchanges
20.11.2019
FNB, the brainchild of South Africa’s leading financial services giant FirstRand Bank has notified an array of country’s major cryptocurrency exchanges about the closure proceedings about their bank accounts. The trading exchanges being alarmed by FNB include big players like Luno, ICE3X, and VALR....
Big South Korean Companies Continue Blockchain Spending Drive
18.11.2019
South Korea’s biggest businesses are continuing to dominate the nation’s blockchain industry.
Per news outlet Maeil Kyungjae, the country’s Software Policy & Research Institute has revealed that seven out of South Korea’s top 10 largest companies have begun integrating blockchain technology...