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Latest articles tagged:

Korea

310, 2018

Why is Asia the epicentre of crypto exchange hacks?

|3 Oct 2018|News|

While exchanges in Europe and the U.S. have not been immune from cyber attacks, the majority of the largest cryptocurrency exchange hacks have occurred in Asian markets, with South Korea and Japan leading the scoreboard. The question is why?

2709, 2017

Top Korean Gaming Companies Race to Integrate Cryptocurrencies

|27 Sep 2017|News|

Korean gaming giant Nexon announced on Tuesday the acquisition of Korbit, Korea’s first ever Bitcoin Exchange, the second largest in volume behind Bithumb. Nexon’s holding company (NXC) announced its plans on Tuesday to acquire 125,000 shares of Korbit for 91.25 billion won (approximately US $80.3 million), giving it a 65.19 percent ownership stake in Korbit. The deal is being billed by Korea’s leading financial newspaper Hankyung as “the first large-scale merger & acquisition among domestic virtual currency-related companies.”

811, 2016

Major Korean Bank to launch bitcoin-backed remittance service

|8 Nov 2016|News|

One of Korea’s biggest financial institutions, Shinhan Bank, recently announced that they will be providing bitcoin remittance services for the Korea-China corridor starting in December. The development marks the first time that any major bank has announced a Bitcoin value transfer system.

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