According to a new survey released yesterday by the Bank of Korea (BOK), Koreans in their 20s and 30s are increasingly interested in owning bitcoin and other cryptocurrencies. The BOK survey collected answers from 2,511 respondents, with some 21.6 percent claiming to be familiar with the concept of digital currency. The poll showed that 29.4 […]
According to a report published in South Korean business publication The Bell, electronics giant Samsung has partnered with a Taiwan-based hardware manufacturer TSMC to produce a new line of ASICs for the cryptocurrency mining market. The report states that prototyping and development began last year, with mass production of the chips starting earlier this month.
Since late November 2017, South Korea has looked to regulate cryptocurrency trading in domestic exchanges. South Korea’s primary financial regulator is in discussions with counterparts in China and Japan toward the regulation of cryptocurrencies like bitcoin. South Korea is the world’s third largest market in bitcoin trading, after Japan and the U.S., and the largest […]
Last week, rumors began to surface that South Korean financial regulators were on the verge of announcing major changes in the country’s current policies on cryptocurrencies. Given the skeptical tone taken by many South Korean leaders — only a few weeks ago, Prime Minister Lee Nak-yeon suggested that bitcoin and related projects might “corrupt the […]
Thanks to China’s increasingly cold stance on cryptocurrency trading, South Korea has emerged in recent years as a hub for digital currency investment and innovation. The country is already home to dozens of major startups in the crypto space, many of which have aims to expand into other southeast Asian markets. The current boom in […]
South Korean bitcoin exchange Korbit announced this week that it has joined the ranks of multimillion-dollar bitcoin startup club, gaining $3 million in venture capital in a Series A funding round. The exchange has already received $600,000 in angel and VC investment, bringing its total funding to date to $3.6 million. The most recent round […]
South Korean Bitcoin exchange Coinplug has released three new Android apps to help spur adoption of the cryptocurrency in the country. Coinplug’s trio are familiar tools for the Bitcoin faithful: a wallet, a trading app and a self-contained point of sale (POS) system for merchants. These appear to be the first Bitcoin apps created specifically […]