Archive | Korea

Korea’s Largest Messenger App Launching Exchange With 110+ Cryptocurrencies

The operator of Kakao Stock, a popular Korean securities trading app based on the country’s number one smartphone messenger app Kakao Talk, is launching a cryptocurrency exchange called Upbit. Over 110 cryptocurrencies will be supported initially including bitcoin, ether, and litecoin. The company says that it will be the largest digital currency exchange in South […]

Korea’s Coinone Launches Physical Cryptocurrency Exchange

Korea’s third largest bitcoin exchange Coinone has opened a physical cryptocurrency exchange. Six cryptocurrencies are supported including bitcoin, bitcoin cash, and ether. The complex has a bitcoin ATM, a large display board with market information and features a face-to-face consultation service. Also read: South Korea Takes Steps To Regulate Digital Currencies Coinone Blocks Launched South Korean […]

Korean Bithumb Exchange Trades Bitcoin Cash at More Than Twice the Market Average

It is a well-known fact Korean cryptocurrency exchanges value most cryptocurrencies a lot higher compared to their Western counterparts. This has been the case for nearly every cryptocurrency in the world, including Bitcoin, Ethereum, and Litecoin, to name a few. It now appears the same is happening to Bitcoin Cash, as Bithumb opened trading of […]

Fork Watch: Korean Bitcoin Exchanges Divided on ‘Bitcoin Cash’

Bitcoin exchanges in South Korea have been preparing for the planned user-activated hard fork (UAHF) on August 1. Some have announced their support for Bitcoin Cash (BCC), the new cryptocurrency that is expected to result from the event, while others have not yet decided. Also read: South Korea Legalizes Bitcoin International Transfers, Challenging Traditional Banks The […]

Top 6 Cryptocurrencies in Korea

Korea is quickly becoming a very important trading market for popular cryptocurrencies. Several exchanges in the region are generating a fair amount of volume over the past few weeks. It looks like certain currencies are more popular compared to others, which is not entirely surprising. Below are the rankings for cryptocurrency trading pairs based on […]

Study Shows Forum Comments Can Predict Bitcoin’s Price with Over 80% Accuracy

A research paper published last week shows that forum user comments can be used to predict the value fluctuation of bitcoin to an accuracy of over 80 percent. Also read: Asset Managers Recommend Bitcoin to Hedge Against US Stock Market Risks Study Funded by Korean Government A research paper entitled “When Bitcoin encounters information in an […]

Korean Economy Will Go Coinless In The Near Future

Korea is the next country in the world planning to end cash slowly. The country’s Central Bank outlined a pilot program to pursue a coinless society in the coming years. This new service allows consumers to receive small change from retailers as a top-up on a prepaid card. An interesting spin on things, although it […]