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South Korean Exchange CEO Sentenced to 16 Years in Prison

13.11.2019
A South Korean district court has sentenced executives of a local crypto exchange to prison. The CEO of the exchange got a 16-year jail sentence while other executives and their accomplices got between six and 11 years. They duped thousands of investors, promising them up to 200% return within...

8 South Korean Crypto Exchange Execs Jailed in USD 386m Fraud Wrap

12.11.2019
Source: iStock/st_lux A court in South Korea has jailed the head of cryptocurrency exchange Coinup for 16 years, after convicting him of fraud. Eight other executives from the exchange were also given jail time, with the company’s vice president given an 11-year prison term. The Seoul court ruled...

Bithumb Global Launches Native Token for Exchange Ecosystem

12.11.2019
Bithumb plans to launch a native token on top of its namesake blockchain next year

Did South Korea Just 'Sentence Blockchain Gaming to Death'?

11.11.2019
South Korean gaming industry representatives say that the government may have doomed blockchain gaming to oblivion – after a regulator banned Infinity Star, a game that makes use of Ethereum ERC 721 Non Fungible Tokens (NFTs). Late last week, the Game Rating and Administration Committee (GRAC)...

Power Ledger Strikes Deal to Roll Out Blockchain in South Australia

8.11.2019
Blockchain energy firm Power Ledger partners with local electricity retailer Powerclub to roll out its technology in South Australia

First Blockchain-based Property Registration Project Pilots in South Africa

8.11.2019
The first-ever blockchain-based property registration project has been piloted in South Africa. Conceptualized by the Centre for Affordable Housing Finance in Africa (CAHF), research consultancy 71point4 and Seso Global. The pilot will conduct in 1,000 subsidized houses in Makhaza, Khayelitsha,...

Binance Enters Korean Market With New Business Entity

1.11.2019
Binance may have taken another step toward launching a crypto exchange arm in South Korea, according to a new business registration

Korean Presidential Committee Pushes to Legalize Crypto

31.10.2019
A South Korean presidential committee is pushing for the government to establish legal status for cryptocurrency to stay competitive globally. So far, the government’s policies have been risk-focused to curb speculation, which the committee says must change. Also read: China Ranks 35 Crypto...

Johannesburg Authorities Refuse to Pay Hackers’ Bitcoin Ransom

30.10.2019
Johannesburg authorities have said they will not concede to hackers’ demand of 4 Bitcoin in the aftermath of a major municipal systems breach last week

P2P Crypto Trading Volume Increased 2800% in South Africa, Says Paxful

29.10.2019
P2P crypto trading platform Paxful sees a 2,800% increase in South African trading volume

Korean Government to Back Blockchain Startups With $9 Million Fund in 2020

29.10.2019
The Korea Internet Security Agency will be supporting blockchain-related projects in 2020 with about $9.0 million in funding

As China Goes Blockchain, South Korea Pledges New Investment

29.10.2019
After China announced its new focus on the blockchain technology last week, South Korea follows suit with additional investments. The country's government will invest some USD 12.8 million in blockchain projects in 2020, the Ministry of Science and ICT has confirmed. Per Fn News, the ministry...

South Korea’s Jeju Island Announced the Launching of Blockchain Ecosystem for Tourism Industry

26.10.2019
Jeju Island, a Korean tourist destination, will soon have a blockchain-based ecosystem for its tourism industry. The Olefang Global Consortium of Chinese, Japanese, and Korean companies led by iFang Korea is developing the ecosystem, which will include restaurants, hotels, car rentals, and shops....

Hackers Breach Johannesburg’s Civil Website Demanding BTC Ransom

25.10.2019
Hackers breach Johannesburg’s online gov’t services and are demanding ransom in BTC

South Korea to Shug off WTO’s ‘Developing Nation’ Tag

25.10.2019
In a new development that could set a precedent for many other countries, the government of South Korea today announced that it is going to voluntarily drop the ‘developing’ nation tag at the World Trade Organization. Over the years, there has been a lot of discussion about the fact that there...

More Than Thirty South Korean Firms Come Together to Launch a New Blockchain ID Verification Platform

24.10.2019
Taking pride in being South Korea’s largest English daily, The Korea Herald has reported that over thirty South Korean firms are coming together to curate and put to use an ID verification solution governed by the blockchain technology. The top-tier thirty business houses and firms have partnered...

800+ South Korean Companies Dealing in Crypto Despite ‘Dead’ Market

22.10.2019
South Gate of Seoul. Over 800 South Korean companies are doing business in cryptocurrencies, per figures compiled by the regulatory Financial Supervisory Service (FSS). Aju News reports that a parliamentary committee asked the FSS to reveal how many companies in the country had corporate...