Category: South Korea
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KB Financial Group Report Finds Only 2% of South Koreans Interested in Crypto Investing
Around 75% of domestic respondents marked having no interest in investing in cryptocurrencies, according to a new report from KB Financial Group
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South Korean Biotech Firm to Use Blockchain for Genomic Big Data Ecosystem
Public Korean gene sequencing firm Macrogen is developing a blockchain-based ecosystem to allow for the secure exchange and storage of genomic big data
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‘Treasure Ship’ ICO Dupes Investors – South Korea Asks Interpol for Help
South Korean police have asked Interpol for help with an investigation into the fraudulent token sale of Shinil Gold Coins that were claimed to be backed by the “treasure” on the sunken Dmitrii Donskoi. Local media reported that the sale raised an estimated $53.5 million from about 124,000 investors. Also read: Yahoo! Japan Confirms Entrance Into the Crypto…
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Bithumb Resumes Deposit and Withdrawal Services – Upbit Reveals 127% Cash Reserves
South Korean exchange Bithumb has resumed deposit and withdrawal services for a number of cryptocurrencies after the recent hack. Another major Korean exchange, Upbit, has released an audit report showing more crypto and cash reserves than needed to pay customers. Meanwhile, all customer deposits at Korbit will now be held by a bank. Also read: Yahoo!…
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South Korean Crypto Exchange Bithumb to Reopen Withdrawals, Deposits for Nine Cryptos
One of the world’s leading crypto exchanges, Bithumb, is set to reopen its withdrawal and deposits services for nine cryptos
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The Daily: Cars and Pizzas for Crypto in Russia, Crypto Valley in South Korea
The wide adoption of cryptocurrencies in Russia has been put on hold after the State Duma postponed the final reading of three crypto bills for its fall session. Nevertheless, Russian companies are already planning to introduce crypto payments as soon as the regulations are in place. Among them, a major car dealer and an international…