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South African Crypto Exchange Ceases Operations Less Than a Month After Suspending BTC Withdrawals
7.4.2021
A South African cryptocurrency exchange, Ice3x, announced on April 6, that it will permanently stop operations, less than a month after suspending bitcoin and litecoin withdrawals. Ice3x, which one of the oldest crypto exchange in that country, says it came to this decision after lawyers advised...
Upbit investor stock price surges three-fold amid bullish crypto trading in South Korea
7.4.2021
A minority investor in a major South Korean crypto exchange is currently the best performing stock in the country
Kimchi premium collapses: Short-term top signal or a reset for Bitcoin?
7.4.2021
South Korea's Kimchi premium collapsed overnight, but it is likely not a sign of a short-term Bitcoin top
North Korean Hackers Threatened Bithumb Exchange With a $16M Ransom Amid the 2017 Data Breach, Says Report
7.4.2021
A new report commissioned by the U.S. secret services unveiled what happened behind the attack launched by North Korean hackers against a South Korean crypto exchange. The case is about a breach on June 29, 2017, which exposed data tied to over 30,000 customers stemming from Bithumb. Hackers...
At Least 10 South Korean Crypto Exchanges’ ‘Survival Not Guaranteed’
7.4.2021
More South Korean crypto exchanges are almost certain to fold in the months ahead, regulators and industry insiders have claimed, with just five months left before some of the toughest policing measures in the world come into force.
Per Fn News, regulatory sources familiar with the matter claim...
CoinMarketCap removes South Korea crypto exchanges from Bitcoin price tracker
6.4.2021
“If the prices on South Korean exchanges stabilize, then we will add the data back in, but that hasn’t happened yet,” said a CoinMarketCap spokesperson
South Korea’s Kimchi Premium Returns: BTC and ETH Prices Jump 18% Higher Than the Global Average
6.4.2021
While a great number of spot exchanges have seen consistent prices in a few select areas in the world, bitcoin is selling for a premium. That’s the case in South Korea right now as there’s a price gap, otherwise known as the ‘kimchi premium’ on domestic South Korean...
South Korean Newspaper to Give its Subscribers Kakao's Klay Token
6.4.2021
In an unprecedented move, the mainstream South Korean newspaper Hanguk Kyungjae has announced that it will begin giving out crypto tokens to subscribers of its print and online editions.
The newspaper (English name: “Korea Economic Daily”) is one of the nation’s leading financial dailies. It...
Kimchi Premium ‘Returns’ as South Korean Youth ‘Rushes’ to Bitcoin
5.4.2021
South Korea’s bitcoin (BTC) boom appears to have returned in earnest, with more reports of investors aged 20-39 plunging into the market, and claims that the “kimchi premium” may have returned for the first time in earnest since early 2018.
The kimchi premium was a phenomenon whereby BTC and some...
Kimchi premium hits 11% — Is Bitcoin now in a 2017-esque retail stage of the cycle?
4.4.2021
Is a surging premium in South Korea a top signal or a sign that the Bitcoin rally is only getting started?
Ripple Partner Mercury FX Accepted Into ‘First Cohort’ of a South African Regulatory Sandbox
4.4.2021
South Africa’s Inter-governmental Fintech Working Group (IFWG) recently accepted Mercury FX, a UK-based e-money firm, into the first cohort of its regulatory sandbox. The firm, which harnesses the Ripplenet blockchain, says it wants to demonstrate its technology’s ability “to...
Japanese Regulator Aims to Implement FATF Rules Toward Crypto Companies in 2022
3.4.2021
Japan’s Financial Services Agency (FSA) has revealed that the regulating body will adopt the Financial Action Task Force (FATF) “travel rule” and standards toward the cryptocurrency industry throughout the nation. Meanwhile, FATF’s rule has been considered far-reaching...
Binance Abruptly Delists South African Rand Trading Pairs After Currency Fails to Meet ‘High Level Standard’
2.4.2021
In an abrupt move, Binance South Africa announced on March 31 that all South African rand (ZAR) trading pairs will be delisted on April 2. The crypto exchange adds in a statement that “all trade orders will be automatically removed after 10.00 UTC on April 1” in each respective trading...
Independent Local Stablecoin Booming in South Korea’s Buyeo
2.4.2021
Statue of the Lying Buddha of Miamsa Temple in Naesan-myeon, Buyeo-gun, South Korea. The circulation of a local stablecoin operated by South Korea’s Buyeo County has exceeded the USD 93m mark as the county looks to expand the use of its token.
Per Kuki News, the county has enabled near-field...
South Korean gov't makes $10.5M profit from 4-year-old Bitcoin crime haul
1.4.2021
The coins languished in cold storage for four years after being confiscated by authorities during an arrest
South Korea will use blockchain to prevent counterfeit vaccine passports
1.4.2021
Blockchain technology is being used to cement confidence in the integrity of new health surveillance measures such as COVID-19 vaccine passports
A Forex Broker Transfers 1,200 BTC Belonging to the Mirror Trading International to a South African Liquidator
1.4.2021
Fresh reports from South Africa suggest that a total of 1,200 bitcoins belonging to the now-defunct Mirror Trading International (MTI) were recently transferred from FX Choice to an appointed liquidator. The reports add the transfer had been sanctioned by the Financial Sector Conduct Authority...
South Korea to launch blockchain-based vaccine passports
1.4.2021
The Prime Minister of South Korea has announced a blockchain-based vaccine certificate will launch later this month, but the concept has proven controversial across the world
French Crypto Investor Sues Australian Firm After Klaytn Deal Goes South
31.3.2021
French businessman Alexandre Raffin, who runs the Paris-based Gains Associates, a company that allows investors to pool their money and buy crypto, has filed a lawsuit in an Australian court against crypto advisory and research company Modern Assets Australia. Raffin accused the Australian firm...
Study Finds South Koreans Aged 20-39 Mainly Invest up to $100 in Cryptocurrencies
31.3.2021
South Korea’s “crypto boom” is a term that the local media has widely adopted to refer to the current hype seen across the Asian nation. In fact, a recent study unveiled a rising trend in the number of South Koreans making small-scale crypto investments. New Crypto Investors Seem...