South Korea’s Second Largest City Considers Launching Local Cryptocurrency

The second-most populous city in South Korea, Busan, is reportedly considering launching a local cryptocurrency. This crypto would supposedly take the form of a stablecoin pegged to the South Korean won. Busan, South Korea, plans local cryptocurrency This news comes from the South Korean technology news outlet ETnews. What’s more, the report supposedly details how … Continue reading South Korea’s Second Largest City Considers Launching Local Cryptocurrency

South Korean Police Takes Down $19 Million Cryptocurrency Scam Using AI

South Korean Police Takes Down $19 Million Cryptocurrency Scam Using Artificial Intelligence

A spectacular story from South Korea has been making the rounds lately, regarding an investigative unit which recently relied on artificial intelligence (AI) to take down a group of criminals. However, this artificial intelligence should not be mistaken for some South Korean RoboCop-esque crusader keeping the streets clean. Rather, this AI was a keyword targeting … Continue reading South Korean Police Takes Down $19 Million Cryptocurrency Scam Using AI

South Korean Cryptocurrency Exchanges Announces Bankruptcy

South Korean Cryptocurrency Exchanges Announces Bankruptcy

The South Korean cryptocurrency exchange has now declared bankruptcy, according to Korean news outlets. This comes after the exchange has suffered several millions of dollars in losses, largely due to suspected embezzlement. Coinbin cited government regulation and increased debt in addition to the embezzlement The cryptocurrency exchange in question is Coinbin. Coinbin initially posted a … Continue reading South Korean Cryptocurrency Exchanges Announces Bankruptcy

South Korean Exchange Accidentally Airdrops Millions Worth of Bitcoin to Users

South Korean Exchange Accidentally Airdrops Millions Worth of Bitcoin to Users

According to a fresh report from Coindesk Korea, it would appear that a South Korean cryptocurrency exchange has just performed a massive blunder. Specifically, it is the relatively prominent ”Coinnest” exchange that has made an airdrop-related mistake. Coinnest mistakenly released $5.3 million worth of Bitcoin In fact, the report suggests that Coinnest accidentally airdropped a … Continue reading South Korean Exchange Accidentally Airdrops Millions Worth of Bitcoin to Users