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In a rare display of support for Donald Trump, Senator Bernie Sanders, who is also a 2020 presidential candidate, said he has no problem with Trump’s attempts to negotiate with North Korean leader Kim Jong Un. I have no problem with Trump negotiating with Kim Jong Un. But while he's meeting with Kim, he's pushed […]
The post Rogue Bernie Sanders Backs Donald Trump on North Korea appeared first on CCN Markets
North Korean hackers have made a phishing attempt on users of the South Korean crypto exchange Upbit.
News correspondents in Korea broke this development on May 29, 2019, detailing the ploy to steal Upbit users’ information. The hackers sent out an email claiming that Upbit users needed to submit more information to become eligible for a prize drawing.
When users opened up the email reportedly containing information about a phony sweepstakes and its payout, malware would activate, giving the hackers access to user information and control of their devices for later access.
A statement issued by the People’s Government of Yiling District, Yichang has revealed that Chinese officials have been the target of a ransomware email attack in recent days.
Also Read: Late Quadrigacx CEO Used Personal Funds to Fulfill Withdrawals
A statement issued by a Chinese provincial government website has announced that the National Network and Information Security Information Center has identified overseas hackers targeting the websites of government departments with emails containing ransomware.
South Korea’s top financial regulator has exclusively shared with news.Bitcoin.com information about six cryptocurrency-related bills that have been submitted to the National Assembly. The most recent bill seeks to protect the rights of crypto owners and to ensure the safety and reliability of crypto transactions.
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
South Korea’s top financial regulator, the Financial Services Commission (FSC), exclusively shared some information with news.Bitcoin.com on Thursday about various crypto-related bills that have been submitted to the National Assembly. A spokesperson for the regulator said:
A South Korean court has acquitted Bithumb from all wrongdoings after the company was accused by one of its clients in a hacking incident that saw the customer lose thousands of dollars, according to a report filed earlier this week, in the Korea Economic Daily. The customer who brought the lawsuit against the exchange was
The post South Korea: Dangerous Precedent Set – Court Finds Bithumb Not Financially Responsible for Crypto Exchange Hack appeared first on CCN
Gong-pil Choi, the director of the Korea Institute of Finance, said that custody in crypto is crucial in eliminating hacking fears and facilitating the growth of the market. The Korea Institute of Finance, an agency that works with the government to research and evaluate financial policies to bolster the country’s financial sector, has emphasized that
The post Korea Institute of Finance Director: Crypto Custody is Key in Rapid Growth appeared first on CCN
Seven major crypto exchanges in South Korea have joined forces to create a sound cryptocurrency ecosystem. They have agreed on joint measures such as information sharing and real-time monitoring of abnormal transactions. Meanwhile, the Korean government is working on institutionalizing crypto exchanges.
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
On December 10, Lee Seok-wu, the CEO of Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, said that regulation is important to establish industry standards. During a meeting with several members of the Congress and the Financial Services Commission (FSC) hosted by Upbit, Bithumb, Gopax, Korbit, and Coinone, five of the biggest
The post Upbit CEO: Crypto Regulation is Necessary, But is Korea on Right Track? appeared first on CCN
At the first official meeting between five of the biggest crypto exchanges and the government of South Korea, Cumberland Korea CEO Hong Joon-ki said that both the government and local financial institutions have to acknowledge the efforts of Nasdaq, Fidelity, and some of the largest conglomerates in the global market working to strengthen the infrastructure
The post Major Crypto OTC Exchange in Korea: Gov’t Should Acknowledge Fidelity, Nasdaq appeared first on CCN
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The post Renvale Exchange Official Signing Ceremony with D Coin Asset held in Seoul Korea appeared first on CCN
As a high-tech hub known for its consumer electronics, tech giants, esports, and global innovation, perhaps it’s not surprising that a report by Cindicator revealed that South Korea will play a major role in cryptocurrency adoption. By reviewing existing data on exchange volumes, recent economic history, regulation, and trends, the tokenized fintech asset management company
The post Why South Korea Will Play a Major Role in Cryptocurrency Adoption appeared first on CCN
South Korea will test out a new blockchain voting system this month, sources close to the developments have confirmed to Bitcoin Magazine. Developed by the country’s National Election Commission (NEC) and its Ministry of Science and ICT, the distributed ledger system is based on IBM’s Hyperledger Fabric and will be used to authenticate voters and save voting results in real time.
South Korean officials believe a blockchain voting system will increase both security and transparency, thereby improving people’s trust in digital voting. The NEC initially ran an online voting system dubbed “K-voting” back in 2013, but, despite 5.64 million users, trust remained low due to fraud and hacking concerns.
On November 26, the Financial Services Agency (FSA) of Japan held an internal meeting to discuss the possibility of allowing private crypto initial coin offering (ICO) projects. Nikkei exclusively reported that local financial authorities are actively exploring the legalization of ICOs for institutional investors and accredited investors, as long as they are lawfully conducted within
The post Could South Korea Follow Japan in Allowing Private Crypto ICOs? appeared first on CCN
Blockchain voting could soon be a reality in South Korea if the trial on a system based on distributed ledger technology turns out successfully. According to The Korea Times, the development of the blockchain-based voting system will be completed in December. The system which is the brainchild of South Korea’s National Election Commission and the
The post South Korea to Test Blockchain-based Voting Prior to Integration with Online Voting appeared first on CCN
The Philippine government-owned Cagayan Economic Zone Authority has unveiled a plan to attract Japanese, Korean and Australian companies to its “Crypto Valley of Asia.” The authority is also cracking down on crypto companies operating within its economic zone without a license.
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
The Cagayan Economic Zone Authority (Ceza) announced last week its plan to attract companies from Japan, Korea, and Australia to its Crypto Valley of Asia.
Cardano (ADA) investors located in South Korea are now able to purchase prepaid ADA debit cards for a limited time starting today through December 4. The cards are made possible through a partnership with Metaps Plus, one of the leading South Korean mobile payment platforms. According to a rough translation of the announcement page, the cards […]
SludgeFeed
The crypto market is continuing to lose its value as the U.S., South Korea, and China demonstrate record high losses in their respective stock markets. As an alternative store of value, cryptocurrencies are considered as viable long-term investments, especially by millennials, in a period of global financial market instability and volatility. However, recent weeks have
The post US, Korea, China Stock Markets Plummet: is Crypto Correlated? appeared first on CCN
The South Korean arm of the Tezos Foundation has signed a Memorandum of Understanding (MoU) with Yonsei University for the development of unique talents and expertise in blockchain technology, according to a press release published by Tezos. The release reads: “Through this agreement, both sides will strengthen the expertise of the blockchain and education expertise,
The post Tezos Korea Foundation Joins Forces with Yonsei University to Promote Blockchain appeared first on CCN
A blockchain technology pilot aimed at tracking beef through the entire food supply chain has been announced in South Korea. The pilot will be jointly undertaken by the Ministry of Science and ICT and the Ministry of Agriculture, Food and Rural Affairs, according to Yonhap News Agency. The launch date has been set for next
The post South Korea to Track Beef Through Entire Supply Chain on a Blockchain appeared first on CCN
Earlier this week, a crypto exit scam in South Korea called “Pure Bit” disappeared with more than $ 30 million in user funds. On November 4, the group conducted an initial coin offering (ICO) to raise nearly $ 30 million using Ethereum (ETH) to build a cryptocurrency exchange. On November 13, as CCN reported, Pure Bit and
The post Guilty Conscience? $ 30M Crypto Exit Scam in South Korea Refunds Victims appeared first on CCN
