Coinone

Seoul District Court ordered Coinone bitcoin exchange to partially compensate the client for the amount of about $ 50,000, whose account was hacked by hackers. It is reported by the local edition of IT Chosun. The affected client has been trading on the exchange since April 2017. As of November 2018, its deposits were estimated at about 58 million won ($ 48.3 thousand). However, December 23 […]

Leading South Korean cryptocurrency exchanges faced stricter requirements from local banks due to the new rules from the Financial Action Task Force on Money Laundering (FATF). Reported by The Block. In particular, from four cryptobirds – Bithumb, Upbit, Coinone and Korbit – they demanded the introduction of enhanced measures to counter money laundering in order to extend the validity of bank accounts […]

In accordance with the regulator’s requirement, South Korean cryptobirds will indemnify users in the event of hacking or other failures in their systems. This is reported by the local edition of Yonhap News. Thus, the Commission on Fair Trade has obliged five local cryptocurrency exchanges, among which Bithumb, hacked in the spring, to make changes to the rules for providing services. According to the new regulatory standards, the platform […]

Another 14 companies and services, including Huobi Global and Bitfinex, have become users of the Blockstream sidechain Liquid Network. The #LiquidNetwork has added 14 new members, including @HuobiGlobal, @OpenNodeCo & @officialpoolin. Also, @Bitfinex has opened LBTC deposits / Liquidation with @BitMEXdotcom is almost finished, & issuance of USDT & USDS coming soon! ? […]

This week, the General Prosecutor’s Office of South Korea announced the creation of a new task force, which is entrusted with the task of combating and preventing crimes in the field of cryptocurrency. This writes Cryptoglobe, citing the local broadcasting service of the Korean Broadcasting System (KBS). This step was the response of the authorities to the growing wave of crime in the cryptocurrency space. The activity of the group will be in […]