Blockchain News, Events and Companies
In Samsung’s latest move into crypto, the electronics juggernaut made the beta version of its blockchain SDK for the Ethereum blockchain available to partner developers. The kit provides additional tools for dApp and blockchain... 2 min read →
A subsidiary of SK Group, one of the largest conglomerates in South Korea that operates the nation’s biggest telecommunications company SK Telecom, is set to invest in a crypto fund created by ConsenSys. Created... 3 min read →
![Why UPbit was the only Korean crypto exchange to record a profit [$120m] in 2018](https://cryptoslate.com/wp-content/themes/cryptoslate-2017/imgresize/xtimthumb.php,qsrc=https,3A,_,_cryptoslate.com,_wp-content,_uploads,_2019,_05,_upbit-profit-thumb.jpg,aw=200,ah=200,aq=75.pagespeed.ic.L4pf9zuux6.jpg)
UPbit, the largest crypto exchange in South Korea, was the only exchange to record a profit in 2018. UPbit is operated by Dunamu, a company heavily invested in by Kakao—one of the most influential... 1 read →
Bittrex International, a US-based cryptocurrency exchange headquartered in Seattle, announced that it will be hosting the first Initial Exchange Offering (IEO) for RAID’s XRD token later this month. According to the company’s official blog... 2 min read →
Samsung, the largest smartphone manufacturer in the world by market share, announced that its new Galaxy S10 smartphone will include a feature for securely storing cryptocurrency private keys through its “blockchain-enabled” mobile services. Built-In... 2 min read →
ICON recently announced its major decentralization initiative. The plan will elect twenty-two node operators that will produce blocks, verify transactions, and participate in consensus. History of ICON ICON aims to design an “interconnecting blockchain... 3 min read →
South Korea’s largest cryptocurrency exchange, UpBit, faces criminal charges after top executives were formally indicted by the country’s legal prosecutors, as reported by Business Korea on December 21, 2018. Three senior exchange executives, including... 2 min read →
Pure Bit, a cryptocurrency exchange in South Korea, has allegedly pulled an exit scam, disappearing with more than $30 million worth of user funds. On Nov. 9, as BlockchainROK, a trusted news source in... 3 min read →
Over the last 48 hours, the daily trading volume of crypto exchanges in South Korea has surged substantially by a range of 10 to 15 percent. Bithumb, the largest cryptocurrency trading platform in the... 3 min read →
NXMH, the subsidiary of NXC, the $10 billion parent company of game development firm Nexon, acquired major crypto exchange Bitstamp. Based in Belgium, NXMH is a Brussels-based investment firm which has made several high... 3 min read →
Blockchain technology is here to stay, and governments around the world are taking note. South Korea is the most recent government to show its dedication to the tech with an investment of $90 million... 3 min read →
KB Financial Group, a South Korean based financial holding company, has just been awarded a patent for its application security technology, according to a report in South Korean media outlet The Digital Times. Two... 2 min read →
South Korean crypto exchange Bithumb sold 38 percent of its stake to a Singapore-based plastic surgeon for $350 million on Oct. 11, as reported by Reuters. Bithumb’s $350 Million Deal Founded in 2013, Bithumb... 2 min read →
Pointing out the government’s delay in regulating initial coin offerings (ICOs) since a year, South Korean lawmakers called for swift regulatory action in a parliamentary forum on Oct. 2, reported Business Korea. After China... 2 min read →
Cryptocurrency exchanges in South Korea faced the dreaded government hammer last week, as the authorities decided to exclude the burgeoning business type from the country’s “Venture Company” certification, reported Business Korea on Oct.1. The... 2 min read →
Competition among the so-called “third generation” projects is fast brewing in the South Korean blockchain and cryptocurrency market, as companies scramble to find the industry’s “killer app” and spur widespread adoption. Korea’s Blockchain Push... 3 min read →
Despite a formal crackdown on foreign-made financial products, North Korea is increasingly utilizing cryptocurrencies to circumvent strict U.S. sanctions, reported Asia Times on Sept. 24. North Korea Adopts Bitcoin Spearheading the revelations are two... 3 min read →
XRP, the native cryptocurrency of the Ripple network is up another 10 percent as investors speculate on what has caused its price to nearly triple in the past week. According to prominent investors and... 3 min read →
South Korean telecom company LG U+ revealed Sunday that it will be rolling out a new blockchain-based, cross-carrier payment system (CCPS) via partnerships with mobile carriers in Taiwan and Japan, according to The Korea... 2 min read →
In a move that could send Japan’s cryptocurrency market skyrocketing into American digital assets trading, Huobi Global’s subsidiary Huobi Japan has been declared a majority stakeholder in Japan’s BitTrade platform. The move also marks... 2 min read →