Vinny Lingham: Crypto Market Won’t Recover Anytime Soon

Vinny Lingham, a general partner at Multicoin Capital and the CEO of Civic, believes the crypto market won’t recover any time soon. He said: The crypto market will rise again, but most likely only when the pain of the recent fall becomes a distant memory. Don’t underestimate the power of psychology in free markets. Why

The post Vinny Lingham: Crypto Market Won’t Recover Anytime Soon appeared first on CCN

Bear Market Birthday: The Crypto Bubble Popped One Year Ago Today

One year ago today, the crypto bubble reached its fever pitch before the inevitable crash that occurred throughout the remainder of 2018 and has lingered into the new year. Crypto Market Down 84% on Anniversary of All-Time High According to CoinMarketCap, the cryptocurrency market cap — which measures the combined notional value of all cryptocurrencies

The post Bear Market Birthday: The Crypto Bubble Popped One Year Ago Today appeared first on CCN

South Korea: Dangerous Precedent Set – Court Finds Bithumb Not Financially Responsible for Crypto Exchange Hack

A South Korean court has acquitted Bithumb from all wrongdoings after the company was accused by one of its clients in a hacking incident that saw the customer lose thousands of dollars, according to a report filed earlier this week, in the Korea Economic Daily. The customer who brought the lawsuit against the exchange was

The post South Korea: Dangerous Precedent Set – Court Finds Bithumb Not Financially Responsible for Crypto Exchange Hack appeared first on CCN

South Korea’s Blockchain Body Wants 6th Largest City Turned into Crypto Hub

South Korea’s blockchain association intends to lobby the authorities in the city of Gwangju to turn the urban area into a ‘specialized Crypto-Valley District.’ According to the Korea Blockchain Enterprise Promotion Association (KBEPA), turning South Korea’s sixth-largest city into a cryptocurrency hub will create numerous jobs. To achieve this the blockchain body, which was founded

The post South Korea’s Blockchain Body Wants 6th Largest City Turned into Crypto Hub appeared first on CCN

Korea Institute of Finance Director: Crypto Custody is Key in Rapid Growth

Gong-pil Choi, the director of the Korea Institute of Finance, said that custody in crypto is crucial in eliminating hacking fears and facilitating the growth of the market. The Korea Institute of Finance, an agency that works with the government to research and evaluate financial policies to bolster the country’s financial sector, has emphasized that

The post Korea Institute of Finance Director: Crypto Custody is Key in Rapid Growth appeared first on CCN

South Korean Bitcoin Exchange Upbit Denies Fraud Allegations as Executives are Formally Charged

South Korea’s top financial regulator has formally filed fraud charges against executives of one of the Asian country’s biggest cryptocurrency exchanges. Three senior executives of Upbit including the founder Song Chi-Hyung were charged with making fraudulent transactions between September and December last year by prosecutors in Seoul, according to nocutnews. Specifically, the senior Upbit executives

The post South Korean Bitcoin Exchange Upbit Denies Fraud Allegations as Executives are Formally Charged appeared first on CCN

Crypto Market Risks Dip Below $100 Billion After Dropping $15 Billion in Bad Week

In the past seven days, the valuation of the crypto market has dropped from $117 billion to $102 billion, by just over $15 billion. Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) performed poorly against the U.S. dollar, experiencing losses above the 10 percent mark. Out of the three most valuable crypto assets

The post Crypto Market Risks Dip Below $100 Billion After Dropping $15 Billion in Bad Week appeared first on CCN

South Korean Tech Giant Kakao Invests in Blockchain Project Orbs

Israeli hybrid blockchain platform Orbs has announced that it is entering an investment partnership with the venture arm of South Korean internet group Kakao. Created to serve as a pioneering public blockchain system offering unprecedented flexibility and utility, Orbs permits business dApp developers to deploy over a highly secure and liquid network that comes with

The post South Korean Tech Giant Kakao Invests in Blockchain Project Orbs appeared first on CCN

South Korean Crypto Exchange Launches Ripple-Based Blockchain Remittance Service

Coinone subsidiary Coinone Transfer has introduced Cross, South Korea’s first blockchain-based remittance app and web service, using enterprise blockchain technology created by Ripple. Cross gives people in Thailand and the Philippines access to faster and cheaper payment services. Coinone Transfer utilized RippleNet and connections with the Siam Commercial Bank (Thailand) and Cebuana Lhuillier (Philippines) to

The post South Korean Crypto Exchange Launches Ripple-Based Blockchain Remittance Service appeared first on CCN

Upbit CEO: Crypto Regulation is Necessary, But is Korea on Right Track?

On December 10, Lee Seok-wu, the CEO of Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, said that regulation is important to establish industry standards. During a meeting with several members of the Congress and the Financial Services Commission (FSC) hosted by Upbit, Bithumb, Gopax, Korbit, and Coinone, five of the biggest

The post Upbit CEO: Crypto Regulation is Necessary, But is Korea on Right Track? appeared first on CCN