• Market Cap: $266b

  • May 18, 2024

South Korean Court Punishes 2 Over $24 Million Bitcoin Pyramid Scheme

Judge Hwang Jin-jin of the Incheon District Court punished two men for running a pyramid scam. The accused were fined $15 Million and $8 Million respectively!

Bithumb Cryptocurrency Exchange To Launch Bithumb Coin 

South Korea based Bithumb has announced plans to launch their own cryptocurrency token, the Bithumb Coin. The Bithumb Coin ICO will take place in Singapore.

South Korean Cryptocurrency Exchanges Move Towards Self-Regulation As 23 Exchanges Come Together

23 cryptocurrency exchanges came together in South Korea under the leadership of the Korean Blockchain Association to come up with self regulating standards. 10 cryptocurrency exchanges declined the invitation.

Three More Countries Join the Legal Action against Crypto Ads Ban

Crypto Organizations from Switzerland, Kazakhstan & Armenia joined hands with EBA to defend cryptocurrencies from the influence of bans.

Korean Police arrests Bitcoin Miners for Illegal Power Usage

Korean News Agency recently reported an arrest of 14 people from thirteen companies for illegal use of cheap electricity for mining. They consumed power from industrial complexes to mine cryptocurrencies.

An Analysis of How Each G-20 Member Region Feels About Cryptocurrencies

As cryptocurrencies become a topic of global economic discussion, here's an analysis of how each G-20 member region feels about cryptocurrencies

South Korea Considering Reversal of ICO Ban

As per recent reports from South Korean publications and news outlets, the country's government is considering reversing their ban on ICOs and introduce regulations that govern ICOs.

3 South Korean Exchanges Raided Over Embezzlement of Funds

Reports from South Korea claim that three cryptocurrency exchanges in the nation have now been raided by the Seoul Southern District Prosecutor’s Office over embezzlement of customer funds.

KakaoPay To Help Enable Easy, Everyday Cryptocurrency Payments For Millions of Users in South Korea

Reports from South Korean publications indicate that Kakao Coin payments would soon come to KakaoPay and KakaoTalk among other apps - bringing millions of users on a common payment platform.

Company Behind South Korea's Largest Messaging App To Launch Own Cryptocurrency: Kakao Coin

The company that owns the Kakao Talk messaging app, Kakao Corp, is looking forward to developing their own blockchain system and cryptocurrency - the Kakao Coin.