Amazing Crypto

Category: South Korea

  • Korean Province to Replace Local Currencies With Crypto

    Korean Province to Replace Local Currencies With Crypto

    An eastern South Korean province plans to issue its own cryptocurrency to replace the local currencies of its nine cities, according to local media. An exchange will be established for the new crypto. The coins can be used for payments within the province and merchants can accept them using smartphone QR codes. Also read: Yahoo! Japan…

  • How ICON Partnered with Korea’s Biggest Insurance Firm to Develop Blockchain Apps

    How ICON Partnered with Korea’s Biggest Insurance Firm to Develop Blockchain Apps

    This past June, ICON, the most valuable blockchain project in South Korea, secured a strategic partnership with Kyobo Life, the country’s largest insurance firm alongside Samsung, to develop blockchain-based services. In 2017, prior to the creation of the newly drafted legislation that will recognize cryptocurrency- and blockchain-related businesses as legitimate, regulated institutions, South Korea’s Ministry…

  • Blockchain Survival Show Blockbattle to Premiere on Asia Economy TV

    Blockchain Survival Show Blockbattle to Premiere on Asia Economy TV

    Asia Economy TV plans to broadcast a new blockchain survival television show called ‘Blockbattle — Who’s the Next Satoshi’ on October 19, showcasing a variety of crypto-development teams from all around the world. Blockbattle will air five episodes allowing viewers the ability to vote in real-time in order to choose the winner of this distributed…

  • South Korea: ICOs and Blockchain Top Priority for Ongoing ‘Extraordinary’ Meeting

    South Korea: ICOs and Blockchain Top Priority for Ongoing ‘Extraordinary’ Meeting

    The South Korean National Assembly has kickstarted an “extraordinary” meeting for discussing ICO regulation, cryptocurrency and blockchain frameworks, as well as other steps to support optimal growth of the digital assets sector, Business Korea reported. Korea’s Cryptocurrency Push Related Article: Despite Korea’s Inhibitions, Jeju Island Pushes for ICO Regulations The Korean government is swiftly taking steps…

  • Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware Wallet

    Korea Roundup: Mongolian Government Visits Bithumb, New BTM, Hardware Wallet

    In South Korea, Bithumb was visited by officials of the Mongolian government. Upbit is offering free training leading up to its developer conference. A public company has unveiled a hardware wallet as it enters the crypto space. Meanwhile, hacked crypto exchange Coinrail has launched an international service for non-Korean customers, and a US bitcoin ATM…

  • Korean Government: 11 out of 21 Crypto Exchanges Complete Security Measures

    Korean Government: 11 out of 21 Crypto Exchanges Complete Security Measures

    The South Korean government has announced the outcome of its inspection of 21 cryptocurrency exchanges. While a number of exchanges have completed implementing both short-term and wallet management measures, many security vulnerabilities remain at most exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 21 Exchanges Inspected South Korea’s government has announced the result…

  • South Korea Invests $4.4 Billion in Blockchain Technology

    Despite showing reluctance toward cryptocurrencies, the South Korean government revealed its intention to “nurture” eight growing sectors of the domestic economy–including blockchain technology. Korea’s Blockchain Push On Aug. 13, local news outlet Yonhap reported that South Korea set aside $4.4 billion (5 trillion won) to invest in distributed ledger systems and explore various administrative frameworks for…

  • South Korea Crypto Industry More Optimistic Than Ever Despite Bear Market

    Throughout the past two months, investors in the local crypto market of South Korea have continuously expressed their optimism towards a drastic change in the regulatory landscape of crypto. Since early February, the crypto market has endured the third-worst correction in its history, experiencing a 78 percent decline in price. Despite the bear market, the…

  • Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits

    Several blockchain associations in South Korea are pushing back against a government proposal they fear will stifle industry innovation.

  • South Korea Budgets a Trillion Won for Blockchain Tech in 2019

    South Korea’s government has earmarked a 5 trillion won ($4.4 billion) budget toward its ‘Growth through Innovation’ investment program in eight critical sectors with a particular focus on blockchain and AI. In a meeting in Seoul on Monday, South Korea’s finance minister Kim Dong-yeon confirmed plans of a 5 trillion won investment toward its innovation…