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The Korea Herald

Blockchain

June 29, 2018
‘Interoperability, data ownership adds value to public blockchain’

[THE INVESTOR] Blockchain is considered the future of the internet but different companies are taking different approaches in adopting the technology. Some claim public blockchain technology, which is sort of an open source protocol, is more effective, while other opt for private blockchain, whic...
June 28, 2018
‘Crypto market to get boost when blockchain becomes mainstream’

[THE INVESTOR] The global cryptocurrency market, which is closely linked to blockchain technology, is going through a hard time with the price of most major coins hitting the lowest in months and seeing no sign of rebounding. Some experts, however, said that the crypto industry will take off once ...
June 28, 2018
'Link People, Link Blockchain': BeeChat

[THE INVESTOR] BeeChat , the world’s first blockchain-based mobile messenger service, has recently launched a Korean version and is planning to officially launch here on June 30. The Investor sat down with founder and CEO Sonny Sun for an interview. The following are excerpts. The Investor: C...
June 26, 2018
Blockchain-based messenger app BeeChat offers versatile services

[THE INVESTOR] As blockchain-backed services move to embrace the masses, one startup aims to serve the fast-growing community of enthusiasts, followers, experts, investors and engineers who have yet to find a “go-to” place. China-based BeeChat is the first blockchain-based messenger app that ...
June 21, 2018
Gov’t probes W35b hacking attack on Bithumb

[THE INVESTOR] The Korean government on June 21 launched a probe into the latest hacking attack on Bithumb, the country’s largest cryptocurrency. The Ministry of Science and ICT and Korea Internet & Security Agency sent officials to Bithumb’s Seoul headquarters to collect records and data fr...
June 20, 2018
Korea to launch K-pop coins, blockchain platform for hallyu fans

[THE INVESTOR] Korea Fintech Industry Association Network Alliance on June 20 said it will out a blockchain platform targeting K-pop fans around the world. On the app platform called Ko-fun K-pop star fans can sell their goods ranging from fan-fiction to images and videos, and also purchase mater...
June 11, 2018
Korean crypto exchange Coinrail hacked, loses 30% assets

[THE INVESTOR] Korea’s seventh-largest cryptocurrency exchange Coinrail said on June 11 almost 30 percent of its total assets or 40 billion won (US$37 million) was stolen in a cyberattack yesterday -- the largest hacking attack on a local crypto exchange. The firm said 3.6 billion altcoins were ...
June 08, 2018
Upbit operator Dunamu to roll out Amazon's AWS-like platform

[THE INVESTOR] Dunamu, a Kakao affiliate which runs local cryptocurrency exchange Upbit, vowed to make blockchain mainstream through its new platform, the Dunamu Blockchain Service. The initiative will be carried out by Dunamu’s new blockchain research institute Lambda 256, which was establish...
June 08, 2018
Korea’s No. 2 digital coin exchange Bithumb slapped with W30b taxes

[THE INVESTOR] BTC Korea.com, the company behind Korea’s second-largest cryptocurrency exchange Bithumb, is facing back taxes amounting to 30 billion won (US$28 million), although it was not found guilty of tax evasion, industry sources said on June 8. The National Tax Service has decided to imp...
May 30, 2018
Supreme Court orders confiscation of Bitcoins

[THE INVESTOR] In the first such ruling in Korea, the Supreme Court on May 30 said that cryptocurrency attained through criminal methods can and should be confiscated by the government. The ruling indicates that cryptocurrencies can indeed be viewed as assets. Industry watchers say the decision m...
May 30, 2018
Zikto ICO sells out in private sale

[THE INVESTOR] Korean insurtech startup Zikto said on May 30 that its initial coin offering has raised 20 billion won (US$18.50 million) during presale and private sale stages over the past month -- more than double its earlier target price. As all the tokens have sold out, the firm said it has c...
May 11, 2018
Crypto exchange Upbit raided on fraud allegations

[THE INVESTOR] The prosecution said on May 11 that it has raided the offices of Upbit, one of the largest cryptocurrency exchanges in Korea, over the past two days. The crypto exchange is suspected of having deployed fraudulent schemes that trade and store digital coins on its platform without ha...
April 30, 2018
Huobi, Bitmine invest in Coinlink

[THE INVESTOR] Korean cryptocurrency exchange Coinlink is set to receive investments from two Chinese crypto companies Huobi and Bitmine via a third-party capital increase, according to the Korean company on April 30. Huobi, the world’s fourth-largest cryptocurrency exchange in terms of transact...
April 30, 2018
New cryptocurrency exchange Coinbit kicks off service

[THE INVESTOR] New Korean cryptocurrency exchange Coinbit launched its services on April 30, trading more than 50 digital coins, including Bitcoin, Ethereum, Ripple, Litecoin, Quantum, Neo and Groestlcoin. The exchange, which already boasts around 120,000 users, said it plans to list 50 additiona...
April 27, 2018
[BIG REUNION] Teaching blockchain and Bitcoin at Pyongyang University

[THE INVESTOR] On the occasion of the inter-Korean summit, The Investor caught up with Italian Bitcoin expert Federico Tenga who was recently in North Korea to give a lecture on what else, but blockchain and cryptocurrency. Tenga is the cofounder of Rome-based blockchain startup Chainside. In Nov...

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