South Korea

MrBitcoin November 8, 2018

Four “young” hackers have been arrested in a cryptojacking case involving over 6,000 computers in what is allegedly South Korea’s “first” known case of its kind, Korean English-language news outlet Aju Daily reports Nov. 8. Cryptojacking is the practice of using a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. […]

MrBitcoin September 22, 2018

The Korean Ministry of Science and Information Communications Technology (MSICT) has pledged further support to facilitate the growth of the domestic blockchain industry, Business Korea reported September 21. Second Minister of Science and ICT Min Won-ki held a meeting with blockchain startups as part of the government’s effort to establish contact with organizations in what […]

MrBitcoin August 31, 2018

Hankyung, a mainstream media outlet in South Korea, has reported that Bithumb, the country’s second largest crypto exchange, will officially resume new user registrations on September 1. Bithumb has disallowed new registrations for traders in South Korea since January of 2018, following the encouragement of the government to establish formal agreements between cryptocurrency trading platforms […]

MrBitcoin July 25, 2018

This Bitcoin price surge is not like the rest: that’s according to Mati Greenspan, who this week produced new evidence of Bitcoin’s solid underlying health. Interest ‘Not Just On Futures And Exchanges’ In a series of tweets Tuesday and Wednesday, the eToro senior market analyst and cryptocurrency commentator placed the spotlight on tight exchange spreads, […]

MrBitcoin July 16, 2018

Local media recently reported that Bithumb, one of South Korea’s most prominent exchanges, has announced plans to make a move on the Japanese and Thai markets. Korea-Based Exchange Eyes New Markets In an exclusive with ZDNet Korea, Bithumb has announced that it plans to open operations in Japan and Thailand after receiving the required regulatory approval […]

MrBitcoin June 5, 2018

Georgi Georgiev · June 5, 2018 · 4:00 am The Supreme Court of South Korea overturned a pre-existing law in order to seize some 191 bitcoins, thus legally recognizing them as assets. The cryptocurrency had been allegedly earned through the provision of illicit pornographic content.  A Case Stretched in Time A legal case took place […]

MrBitcoin May 22, 2018

Osato Avan-Nomayo · May 22, 2018 · 3:00 am 2017 was a stellar year for crypto prices and ICO earnings. The astronomic climb in bitcoin prices and the millions of dollars raised by numerous ICO projects stole most of the headlines. In 2018, crypto prices have taken a hammering but blockchain, the underlying technology appears […]

MrBitcoin April 26, 2018

Video game company Nexon Korea has denied that they are in talks to acquire the Bitcoin (BTC) exchange Bitstamp, local news outlet The Korean Herald reported yesterday, April 25. The company’s denial comes after Business Insider wrote yesterday about a possible deal rumoured between Nexon Korea and Bitstamp, where the latter would acquire the former […]

MrBitcoin January 10, 2018

Nikita Blows · January 10, 2018 · 8:00 am A security firm has found evidence that North Korea may be using mining software to obtain Monero and transfer it to a Pyongyang university. Running a regime while sidestepping pesky sanctions is an expensive endeavor and one that North Korea seems to have plenty of experience […]