Places South Korea

Contents Protocol, a Korean crypto startup focused on content exchange, announced that it will shut down due to a lack of business prospects and regulatory uncertainties. In a rare bout of professionalism and solidarity, the company will be refunding their investors, distributing just under 27,000 ETH on a pro-rata basis. Korean content exchange protocol shutting […]

Eight months after launch, Terra, a stablecoin protocol backed by four of the world’s largest crypto exchanges, has surpassed one million user accounts and hit an annual run rate of $2.4 billion, the company reported in a press release seen by CryptoSlate. In 2018 Seoul-based Terra raised $32 million from myriad VC heavyweights, including the […]

Virgil Griffith, the head of Ethereum’s special projects division, will be released from jail after his bond is posted, his legal representative said. Griffith was arrested last week for participating in a conference in North Korea, where he allegedly taught the audience how to leverage blockchain technology to evade sanctions. Ethereum developer accused of aiding […]

Ethereum’s co-founder Vitalik Buterin stepped forward to help free Virgil Griffith. The move comes after Griffith was arrested by the FBI for allegedly helping the North Korean regime to “use cryptocurrency and blockchain technology to evade sanctions.” Buterin advocates to free Virgil Griffith On Nov. 29, the office of the U.S. Attorney for the Southern […]

Hackers believed to be responsible for the massive UPbit theft yesterday have begun moving the stolen coins. The 342,000 ETH loot has been split between four different addresses with smaller sums being sent to Binance and Huobi to test the exchange’s reaction. Looking to cash out $50 million worth of ETH UPbit, one of the […]

UPbit, one of the largest cryptocurrency exchanges based in South Korea, confirmed that it was hacked after rumors were mounting. In a statement, the platform announced that all trading activities, deposits, and withdrawals were temporarily suspended until further notice. Suspicious activity On Nov. 27, Naver, South Korea’s most popular news site, reported a suspicious activity […]

Chinese crypto exchange Huobi will make its first foray into a physical product with the launch of its sixth token offering on IEO platform, Huobi Prime. Huobi traders will have the opportunity to purchase NODE, the token of Whole Network and its blockchain phone, Acute Angle, during two trading rounds on September 11. However, as […]

Samsung is releasing a version of its newest flagship smartphone that supports 34 cryptocurrencies, including Bitcoin and Ethereum, and a variety of DApps, as first reported by the Wall Street Journal. The largest smartphone manufacturer in the world by market share is offering a cryptocurrency-enabled Galaxy Note 10 variant, the “KlaytnPhone” on Thursday, exclusively to […]

Cardano’s official commercial and venture arm, Emurgo, signed a memorandum of understanding with two government-approved trade associations in Korea. The partnerships will focus on implementing Cardano for Korean digital content and mobile gaming. Emurgo enters the Korean market Cardano adoption continues to grow in Asia. The company’s official partner and commercial arm, Emurgo, partnered with […]

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 mobile development on the latest Galaxy smartphones. Samsung announced the beta version of its blockchain software development kit (SDK) is available […]

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 by Ethereum co-creator Joseph Lubin, ConsenSys is a New York-based blockchain software development company that focuses on building infrastructure around the […]

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 internet conglomerates in South Korea. Every other major exchange recorded a substantial net loss, primarily due to the burst of the […]

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 the IEO is 17 billion XRD, with the company aiming to raise around $6 million. Bittrex […]

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 Storage for Private Keys The latest flagship smartphone to come out of Samsung has caused quite the stir in the crypto […]

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 a solution to connect independent blockchains without the use of third-party intermediaries. This is done by […]

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 by local authorities on charges of fraud. The arrests come after complaints were filed against the […]

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 South Korea reported, the management team of Pure Bit started to delete social media handles of the exchange and kicking users […]

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 local market by trading volume, has seen a spike in daily trading volume of the Bitcoin-to-South Korean won pair, which has […]