Korea’s Shinhan Bank makes strategic investment in crypto custody consortium
South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit. Go to Source Powered by WPeMatico
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South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million
Nexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal worth about 500 billion won ($460 million). ● According to local media reports, Nexon is to buy all the shares owned by Bithumb chairman Lee Jung Hoon, including several others totaling up … Read more
Hacker Sells Tens of Thousands of Ledger, Tezor, and Keepkey Users’ Info
The customer databases of Trezor, Ledger, and Keepkay have allegedly been listed for sale by the perpetrating hacker. Go to Source Powered by WPeMatico
Major Crypto Exchange in Korea Shuts Down: 2018 Was a Nightmare for Most
The shut down of a major crypto exchange in South Korea in April showed the impact a prolonged bear market could have on crypto businesses. 4 of South Korea’s top 5 exchanges recorded big net losses Go to Source Powered by WPeMatico
Unconfirmed: Disney Considers $13.2 Billion Equity Deal With Stake in Korbit, Bitstamp
An unusual side-effect of a multibillion-dollar equity deal might give Disney stake in two major crypto exchanges Go to Source Powered by WPeMatico
Bitstamp, Europe’s Largest Crypto Exchange Acquired By South Korean Firm
In what’s turning out to be a popular trend, Bitstamp cryptocurrency exchange has been acquired by a South Korean investment firm. Bitstamp, which is the oldest major exchange in the world, disclosed the deal today, October 29. NXC, the South Korean tech investment giant made the purchase through its Belgium-based subsidiary, NXMH. The purchase comes … Read more
Bitstamp Is Looking Towards ‘Global Expansion’ After Being Acquired by South Korean Investors
Bitstamp has been bought by South Korean investors — here’s how it might affect the company’s future Go to Source Powered by WPeMatico
Bitstamp Confirms Acquisition by South Korean Company
Bitstamp has confirmed that it has been acquired by a European subsidiary of a South Korean corporation. Nejc Kodrič will remain the CEO of the exchange. The Korean group also owns gaming giant Nexon and Korbit, the country’s fourth largest crypto exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bitstamp Acquired The oldest … Read more
South Korea’s Crypto Market Overview: How Largest Banks and Conglomerates Back Exchanges
All the multi-billion dollar conglomerates in South Korea are involved in the local crypto market in some way, including Samsung, LG, Hyundai and Kakao Go to Source Powered by WPeMatico
Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto Traders
Two major South Korean cryptocurrency exchanges have announced that they will no longer allow unverified users to make withdrawals in Korean won. Starting next month, users of Bithumb and Coinone must have verified real-name accounts in order to deposit and withdraw the fiat currency. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals … Read more
