Malta Crypto Exchange Opened by Coinone to Close Next Month

CGEX, a Malta-based exchange opened by South Korea’s Coinone less than a year ago, is shutting down. The exchange posted an announcement last week saying that all services would be terminated on Sept. 18 at 2:50 UTC. After that date, customers will no longer be able to log in, and deposits and withdrawals will no longer be […]

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South Korea’s Shinhan Brokerage to Offer Blockchain-Based Securities Lending

Shinhan Financial Investment will soon be offering peer-to-peer (P2P) stock lending via the blockchain. When the new service is introduced this year, individuals will be able to borrow and lend securities with other individuals directly, rather than going through an intermediary. The Economic News and other local Korean media reported the news. Securities lending and borrowing transactions are […]

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Korean Crypto Exchanges Revise Terms of Service in Boost for Investors

Published: 17/06/2019 14:30 EST By CCN Markets: According to The Korea Herald, Bithumb and four other major crypto exchanges in South Korea have formally changed their terms of service to become liable for potential hacking attacks that may affect users. Mobile interface of Bithumb, South Korea’s largest crypto exchange alongside UPbit. | Source: Shutterstock The […]

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Just One of Korea’s ‘Big Four’ Crypto Exchanges Profited in Crypto Winter 2018

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the […]

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Court Win for Bithumb Exchange in Case of Crypto Investor’s $355K Hack

A South Korean court has ruled in favor of the Bithumb exchange after a user was hacked for around $355,000 and moved to sue the firm over the loss. According to a report from CoinDesk Korea on Tuesday, court documents reveal that Bithumb user Ahn Park said he’d placed 400 million Korean won in his account with […]

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Japanese Regulator Wants to Reduce Crypto Tax to Revitalize the Market

In October, the government of Japan hinted its plans to ease the process of taxing crypto investments to refrain impractical taxation frameworks from negatively affecting the local market. At the time, a committee of tax experts that is tasked to advise the government on taxation matters encouraged the authorities to simplify the complex process of […]

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Why South Korea Will Play a Major Role in Cryptocurrency Adoption

As a high-tech hub known for its consumer electronics, tech giants, esports, and global innovation, perhaps it’s not surprising that a report by Cindicator revealed that South Korea will play a major role in cryptocurrency adoption. By reviewing existing data on exchange volumes, recent economic history, regulation, and trends, the tokenized fintech asset management company […]

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