Korea

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Recent Korea Blockchain Stories

Bittrex Launches First IEO: “Initial Exchange Offering,” $6M Token Sale for RAID Token

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 post, the hard cap for...

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Interconnecting Blockchain Project ICON Makes a Push Towards Decentralizing Its Nodes

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 network.” ICON (ICX) is engineering...

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UpBit Crypto Exchange Executives Indicted for Market Manipulation

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 founder Song Chi-Hyung, were arrested...

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Why South Korea’s Biggest Game Developer Acquired Crypto Exchange Bitstamp

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 profile acquisitions of European corporations...

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