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The Korea Herald

Blockchain

October 30, 2018
Game giant NXC takes over European crypto exchange Bitstamp

[THE INVESTOR] European cryptocurrency exchange Bitstamp said on Oct. 30 it has been acquired by NXMH, an investment firm owned by Seoul-based NXC, holding company of game giant Nexon. The firms declined to disclose terms of the deal, which was signed last week. NXMH will secure 80 percent stake ...
October 26, 2018
Crypto exchange BCEX plans to launch in Korea in Dec.

[THE INVESTOR] BCEX, a Chinese cryptocurrency exchange headquartered in Vancouver, Canada, on Oct. 26 said it is launching services in Korea in December. The exchange with partners across 15 countries, including Canada, UK, Australia, Japan and Malaysia, boasts daily transactions of 190 billion w...
October 23, 2018
BlockShow Asia to be held in Singapore in Nov.

[THE INVESTOR] BlockShow Asia 2018, one of blockchain industry’s most acclaimed conferences, will be held in Singapore on Nov. 27-Dec. 1. The blockchain event takes place at the Marina Bays Sands Hotel as a sideline event of the Asia Blockchain Week, scheduled for the same period. “Blockchain a...
October 22, 2018
Coinone launches overseas remittance service Cross

[THE INVESTOR] CoinoneTransfer, a subsidiary of leading cryptocurrency exchange Coinone, announced on Oct. 22 that it is launching a global remittance service. The service named Cross ( https://crossenf.com /) will be first provided for transactions involving Korean won and Philippine Peso. It ...
October 22, 2018
Zikto’s Insureum coin listed on BitForex exchange

[THE INVESTOR] Korean insurtech firm Zikto said on Oct. 22 that its Insureum coin has been listed on Singapore’s BitForex, one of the top crypto exchanges around the world. This is the fourth listing for Insureum since its debut on CoinBene in Singapore in August. Zikto said it has also secured...
October 16, 2018
Chinese crypto exchange BTCC to launch service in Korea

[THE INVESTOR] BTCC, China’s first cryptocurrency exchange, formerly known as BTC China, is launching services in Korea on Oct. 31. BTCC, founded in 2011, was one of the largest exchanges in the world by trading volume before the Chinese government’s crackdown on cryptocurrency trading and init...
October 15, 2018
Bithumb’s new chief hints at Hong Kong launch

[THE INVESTOR] Bithumb, the nation’s largest crypto exchange, is expected to ramp up efforts for global expansion following last week’s surprise ownership change. Its new chairman Kim Byung-gun, founder of BK Medical Group that operates plastic surgery clinics in Asia, on Oct. 13 hinted that th...
October 12, 2018
BK Global Consortium acquires Bithumb for W400b

[THE INVESTOR] BTC Korea Holdings, operator of Korea’s major crypto exchange Bithumb, on Oct. 12 said it has agreed to sell the firm to Singapore-based BK Global Consortium led by renowned plastic surgeon Dr. Kim Byung-gun’s BK Group for 400 billion won (US$352.31 million). The consortium has s...
October 11, 2018
Gov’t likely to announce ICO stance in Nov.

[THE INVESTOR] The Korean government is likely to announce its stance on the much–disputed status of initial coin offerings in November, a top official said on Oct. 10. “We have had several discussions (on ICOs),” said Hong Nam-ki, chief of the Office for Government Policy Coordination, during...
October 04, 2018
[INTERVIEW] Korean blockchain startup gears up to challenge Grab’s monopoly

[THE INVESTOR] Korean blockchain startup MVL Chain is a breath of fresh air in Singapore’s ride-hailing market where homegrown Grab enjoys a nearly monopoly. Since its debut in July, its mobile app TADA, meaning “ride” in Korean, has attracted more than 15,000 drivers and about 70,000 custom...
October 04, 2018
Seoul mayor unveils plans to promote blockchain industries

[THE INVESTOR] Seoul Mayor Park Won-soon on Oct. 4 rolled out a five-year plan to promote blockchain-based industries that includes the creation of business complexes and startup funds. He announced the initiative in Zug, Switzerland, which hosts about 250 blockchain-based venture firms, inclu...
October 04, 2018
W10b smuggled out of Korea to trade cryptocurrencies

[THE INVESTOR] The number of people who smuggled cash from Korea to buy cryptocurrencies has increased drastically since the government crackdown earlier this year, with the amount reaching 10 billion won (US$8.86 million), data showed on Oct. 4. According to data compiled by Rep. Park Young-sun ...
October 02, 2018
IOV aims to make blockchain user friendly with personalized and easy-to-remember addresses

[THE INVESTOR] It would be fair to say a cryptocurrency address, consisting of 34 random digits and letters, is intimidating at best. Unlike web or email addresses, it is extremely hard to remember the unreadable crypto address. Most users, therefore, often have to go through the hassle of storin...
September 27, 2018
Naver, Kakao and KT vie to launch cryptocurrencies

[THE INVESTOR] Local tech giants Naver, Kakao and KT are competing to dominate the budding cryptocurrency market by launching their own coins. Earlier this month, Naver’s Japanese subsidiary Line introduced its own token called Link to buy and sell game-related content. Link will be operated on ...
September 20, 2018
SparkLabs launches accelerator program for cybersecurity, blockchain startups

[THE INVESTOR] SparkLabs Group , a network of accelerators and venture capitals funds, said on Sept. 19 it is launching a new global accelerator program focused on cybersecurity and blockchian startups in Washington, D.C. The largest accelerator group in Asia already operates in Korea, China, Ta...

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