Tag Archives: South Korea

Roundup – 05/02/19 – Coinsquare Hit by Crypto Winter – Next Exchange to Lay Off Its Staff & more

Coinsquare Hit by Crypto Winter – Next Exchange to Lay Off Its Staff Coinsquare is the most recent exchange that was hit by the crypto winter. The exchange had to layoff 40 of its employees in total which represents a third of Coinsquare’s total staff. Among the laid off employees are also two executives, CFO, […]

How Other Crypto Markets May Benefit From A Ban On ICOs In South Korea

South Korea has maintained its ban on local Crypto initial coin offerings (ICOs). The move by the government last week could end up helping the other major Crypto markets in the region such as Japan and Thailand among others. The report on the official stand of the government was released on Friday by a task […]

Roundup – 29/01/2019 – Tether Moves to Rank 4 On Coinmarketcap.com & more

Tether Moves to Rank 4 On Coinmarketcap.com Tether Has Become the fourth largest cryptocurrency by market capitalization. The stablecoin has overtook EOS’s rank. The current situation is a consequence of the Bitcoin Cash fork in November which seemed to have catalyzed the selloff below the $6000 support on the Bitcoin chart. Bitcoin Cash which ranked […]

Roundup – 10/01/2019 – New CEO for Bitmain as Jihan Wu Resigns & more

New CEO for Bitmain as Jihan Wu Resigns Jihan Wu has recently resigned as the CEO of Bitmain. The biggest crypto mining hardware producer had to layoff a third of its staff, close research facilities in Israel and supposedly has a negative balance sheet for the last two quarters of last year. In addition to […]

Roundup – 09/12/2018 – Liberland Presented Itself Before European Parliament & more

Liberland Presented Itself Before European Parliament The representatives of Liberland presented itself to the European Parliament for the first time. Liberland is the libertarian micro-state in between Serbia and Croatia that plans to work with cryptocurrencies in its economy. The discussion took place on the 5th December of 2018, a recording of the event was […]

Roundup – 04/12/2018 – Largest Drop in Mining Difficulty Makes BTC Mining More Profitable than BCH/BSV & more

Largest Drop in Mining Difficulty Makes BTC Mining More Profitable than BCH/BSV In a simple formular you can put it that way. When the price of Bitcoin sinks so does, of course, the profitability of mining Bitcoin. As a consequence, the hash rate will decline which makes the network less performant. To counter this effect, […]

Roundup – 30/10/2018 – Germany’s Financial Watchdog Wants Global Regulation for Crypto & more

Germany’s Financial Watchdog Wants Global Regulation for Crypto & more The president of the BaFin (Germany’s financial authorities), Felix Hufeld, is critical of ICOs. He stated that investors have few rights and that many ICOs are untransparent. Investors could hardly research whether a legitimate business model backs an ICO or not. Even fraudulent schemes are […]

A South Korean Province To Issue Own Cryptocurrency

The use and popularity of Cryptocurrency in South Korea reached a new level after a province in the eastern part of the country announced it will be replacing the local currency with their own virtual currency. Moreover, the region also revealed it will establish an exchange that will be used in the nine cities in […]

Crypto Firms To Start Paying Tax In South Korea

The South Korean government has introduced a new tax amendment bill that will see Crypto companies based in the country start to pay taxes. Currently, the businesses enjoy income and corporate tax deductions. The government had introduced the deductions with the aim of attracting more firms in the country and helping the companies grow. However, […]

Binance To Enter The South Korean Crypto Market

Business Korea has said that Binance is planning to enter the South Korean Crypto market. This year, the company will open between three and five local corporations in the country. The Cryptocurrency exchange is considered the largest one in the world in terms of daily trading volume. The firm is entering a market that is […]
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