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Largest South Korean Telecom Company Issues Blockchain-Based Local Currency in Busan

19.12.2019
Busan, South Korea’s second-largest city in cooperation with telecom giant KT plans to release a blockchain-based local currency by Dec. 30

South Korean Co-Working Space Operator SparkPlus Turns to Blockchain

17.12.2019
Seoul-based SparkPlus plans to open co-working centers in properties listed on the blockchain funding platform Kasa Korea

South Korean Police Charge Operators of USD 18m Bogus ‘Thai Crypto’

16.12.2019
South Korean prosecutors in the city of Daejeon have busted what appears to be a USD 18.4 million multi-level pyramid scheme centering around a fake token. Per news agency Yonhap, police say that executives from at least one unnamed company convinced “a large number of investors” to invest in...

Bitmain Expands in South America as Its Market Share Drops to 66%

12.12.2019
The world’s top crypto mining hardware firm Bitmain expands its distribution in South America as its market share has been sliding

Accusations Pile Up Against ‘Big’ South Korean Exchange

12.12.2019
The storm around an unnamed major South Korean cryptocurrency exchange is continuing to rage – with a senior politician allegedly involved, an ongoing assault/kidnapping case ongoing and now claims of artificially inflated trading volume figures. As previously reported, the head of a major...

Bitcoin Looks South After Strong Rejection Above $7,600

10.12.2019
Are bitcoin sellers back in control? The cryptocurrency is flashing red after a strong rejection above $7,600

Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency

9.12.2019
In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto...

South Korean Government Falsified Report Claiming 10% Tax on Crypto Transactions

9.12.2019
The Ministry of Finance of South Korea has put an end to the speculations and claims that were hovering over the Korean crypto industry in the past few weeks by refuting the report that stated that the regulatory authority had imposed 10% income tax on cryptocurrency investments. Cryptocurrencies...

South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains

9.12.2019
Capital gains taxation on crypto transactions could be introduced by the first half of 2020, South Korea’s Ministry of Economy and Finance has confirmed

South Korea to Donate $5 Million to WHO for Humanitarian Aid in North Korea

6.12.2019
South Korean government will donate $5 million to the World Health Organisation (WHO) for the first time in 5 years. The donation will help provide humanitarian aid in North Korea, which will make medical treatment more accessible for women and children. The announcement was made by the unification...

South Korea Telecoms Giant Ramps Up Blockchain Roaming Deal With China

5.12.2019
KT Corporation and China Mobile stay committed to blockchain rollout as part of a deal to boost roaming

South African Airways to Get R2 Billion as It Enters Into Business Rescue

5.12.2019
In any nation even with the slightest of socialist values, the public sector plays an important role. However, fulfilling these social obligations, public sector companies have been often financially worsened. The recent case of financially unsound South African Airways (SAA) proves that. This...

South Korean Startup Claims to Have Solved Blockchain’s Speed Problem

4.12.2019
South Korean startup reportedly develops a new technology that reduces blockchain transaction times to fractions of a second

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...