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Tag Archives: South

South Korea’s Biggest Cryptocurrency Exchange to Conduct ICO in Switzerland

Join our community of 10 000 traders on Hacked.com for just $39 per month. Earlier this week, mainstream media outlet News1 reported that Bithumb, South Korea’s biggest cryptocurrency exchange, is conducting an initial coin offering (ICO) later this year to launch its own cryptocurrency Bithumb Coin. Bithumb Coin Some of the largest cryptocurrency trading platforms valued at billions of dollars ...

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South Korea Dismantles $24 Million Bitcoin Pyramid Scheme

Join our community of 10 000 traders on Hacked.com for just $39 per month. A South Korean court has fined two individuals found guilty of operating a bitcoin pyramid scheme that amassed over 26 billion won, approx. $24 million, from investors. In a ruling on April 19, Judge Hwang Jin-jin of the Incheon District Court in Korea issued sentences in ...

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South Korean Crypto Exchange Bithumb To Issue Own Token In Singapore

Bithumb, South Korea’s leading cryptocurrency exchange, has recently revealed plans to issue its own token, Bithumb Coin, in an Initial Coin Offering (ICO), local news outlet TokenPost reports Thursday, April 19. According to the report, the Bithumb token sale will be conducted in Singapore since ICOs are banned in South Korea. Bithumb is reportedly focusing on large-scale investors rather than ...

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South Korean Cryptocurrency Exchanges Unveil Self-regulation Guidelines

South Korean cryptocurrency exchanges aim to self-regulate this industry. That decision has been known for a while now, yet the official rules were unveiled last night. This approach will help provide a more legitimate image for the different cryptocurrencies gaining traction in the region. Additionally, it will also foster a vibrant blockchain ecosystem. South Korea and Self-Regulation Several weeks ago, ...

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Icon Shows How Startups Bypass South Korea’s ICO Ban

The issuance of new cryptocurrencies, which were banned in South Korea six months ago, has returned to the country via overseas listings for local trading. ICON (ICX), which is being called ‘Korean version of Ethereum’, was issued in Switzerland and is leading the new trend. Foreign-Issued Cryptocurrency Allows South Korean Startups to Bypass Legislation South Korea banned initial coin offerings (ICO’s) in ...

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Major South Korean Crypto Exchange Coinone To Launch In Indonesia

South Korea’s third largest cryptocurrency exchange, Coinone, has announced plans to launch an exchange in Indonesia, according to a press release published on its site Monday, April 16. As stated in the Coinone’s press release, the new Indonesian branch opened for pre-registration April 16, with an official launch set for June. According to Finance Magnates, the exchange will initially support ...

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Coinone Looks Beyond South Korea to Global Market in Indonesia

South Korea’s third-largest cryptocurrency exchange, Coinone, has set up in Indonesia bucking the trend of exchanges either branching out or going under in the hard knocks market. Coinone Goes Global in Jakarta South Korea was one of the bellwethers of the cryptocurrency market last year with one in five bitcoin transactions being handled in KRW even though it traded at a 20% plus ...

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South Korea’s Largest Cryptocurrency Exchange Holds $6 Billion

Bithumb, the largest cryptocurrency exchange in South Korea with a daily trading volume of about $476 million, is holding $6 billion on behalf of its customers as of 31 December 2017, according to its published audited accounts. South Korea’s Bithumb Stores $6 Billion On Behalf of Customers South Korea is one of the largest cryptocurrency markets and Bithumb is the ...

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