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Found 35 results
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  1. I came across this article that states that the Bank of Korea tested R3's Corda between 28 institutions. A Google translate of the Korean article contained the following statements: As a result of applying the block chain technology to the banking business, it is said that it is premature. The transfer of funds is slow and the failure recovery is difficult. On the other hand, security was good. (..) The Bank of Korea (BOK) said, "From September last year to January of this year, the Bank of Korea (KDB) conducted a fund transfer test between 28 institutions including banks, secu
  2. Korean financial department finally announced that they will slowly begin to support crypto trading http://mn.kbs.co.kr/mobile/news/view.do?ref=A&ncd=3608150 you can google translate it if you would like, the jist of it is a statement announced by the dude who runs the department representing the financial direction of the country
  3. Everybody know that korea will raise the average price. Now they are back. Welcome.
  4. It looks like chinese new year has had a drastic effect on market volume today. This is a screenshot of when the volume is usually at its peak.
  5. Look at this ****. 52% of all XRP trading coming out of Korea against the KRW. Insane and good at the same time. Thank god we got Korea back in the game. Would like to see more XRP against fiat options.
  6. Some news and sentiments some people might find interesting.
  7. I am very new to investing and even newer to cryptocurrency. I'm trying to find a way to invest in Korea. I moved here about a year ago to tech Egnlish. I signed up for Gatehub and Bitstamp but see all these fees for international transfers and etc. Also, it also costs money to send money home to America. I was wondering what is the cheapest way to fund a wallet from a Korean bank? Are there any trading platforms that do an ACH from an international bank account to your wallet? Are there other option? Any help out there?
  8. Will there be a sell off in South Korea before January 30 or do you think most of the people with anonymous accounts already exited the market? The recent spike might have given them the perfect opportunity. ** Looks like there has been a bit of a sell off during the Korean trading day especially xrp and stellar.
  9. I read earlier about planned tests of Ripple's products between banks in Korea and Japan, after which implementations in production processes were likely to follow soon (can't find link atm). Any news on that from our Japanse zerpers ??
  10. According to this article, South Korea is seeking to ('only') allow financial institutions to hook-up to crypto exchanges if those exchanges will deliver on a proper KYC procedure, by informing the FI's of the real account holders' name. https://news.bitcoin.com/korean-crypto-exchanges-share-data-with-banks-new-account-system/ That in itself is a totally legit way of thinking, and no one in crypto should expect things to go any different way (and suppose you still were, you should then be hiding on a personally purchased island with a couple of Tomahawk missiles to fend off the inco
  11. http://www.bbc.co.uk/news/business-42784384 Probably one for the 'Press' section but as a Newbie, I've got to wait to post! Interesting to see they are trying to shake up the market a little... Essentially implementing a form of KYC regs as in the US. So no 'Ban' as such... Or at least not for the honest investor!
  12. FYI, http://news.naver.com/main/read.nhn?mode=LSD&mid=shm&sid1=101&oid=001&aid=0009829657 - please use google translation, but not recommended In short, Korea banks will accept new accounts for CC trading starting Jan 30th with KYC verification in person. Best,
  13. Ripple News Update Over the last week, South Korea and Ripple were inextricably linked over the subject of regulation. Korea was on the verge of a full-scale trading ban—rumors even spread that the ban was official—and markets were in a constant state of paranoia. As a result, XRP prices fell constantly throughout the week…until last night. A ray of sunshine peeked through the clouds on Thursday morning, as South Korea reached a deadline for its regulatory stance. Today the country has to make up its mind—is it going to ban cryptocurrencies or not? Let’s end the uncertainty, onc
  14. https://news.bitcoin.com/strict-regulations-south-korean-banks-stop-servicing-cryptocurrency-exchanges/ Whilst the article's headline tells it all, it paints the picture with a broad brush without going into depth on the full details. In my opinion its not a bad thing or a big deal. It will remove anonymous trading and strengthen Crypto reputation in the long run as more than just money laundering and criminal activity. I've read that in Korea there is this system where you can create virtual bank accounts for 24-48hrs without any identifying information about yourself (the account h
  15. Daily Litecoin News Update Cryptocurrencies wiped out billions from their market cap this week. What we saw on Wednesday was only a trailer. This horror flick is playing to a full house on Thursday morning. Top cryptocurrencies have just hit their new all-time lows in 2018. Once again, investors have the Koreans to blame. The steep drop in prices overnight resulted from a rumor that South Korea may be banning cryptocurrency trading altogether. Deja vu! First, there’s a rumor of a complete ban. Then, crypto prices begin to crash. Then, the government backtracks, taking
  16. How great would it be to get a twitter notifications from our dear Brad at this very moment with him telling us that Ripple is in good contact with both big Korean private banks ánd the central bank (see the last Ripple Insight ) If that would happen, it would give an utterly massive shift in cryptoland. Sitting, waiting, wishing... And HODL.
  17. 01.11.2018 Korea sell off with some notes about the Korean crypto investor There is is a sell off in all crypto in Korea at the moment. (Edit, seems to have bottomed out since I began writing this article.) I write this post to give people a little insight into the Korean market. I want everybody to understand that there is great enthusiasm, and instability. Don't place too much faith in the Korean crypto investor. Case in point, Roger Ver was recently on Korean TV to talk about cryptocurrencies. However, most people were talking about a 23 year-old who was also on TV because h
  18. This is what happened in the Korean market only about 30 to 40 minutes ago. Another evidence to why you should to hodl.
  19. Hello everyone on xrpchat I am a small humble trader from Korea mostly trading on the korean exchange Bithumb. Just wanted to say hello and tell you guys that we are doing our best to hodl (we say john buh in korea) and defend the xrp price. Also if you have any questions about the korean exchange please feel free to ask.
  20. The picture shows a Korean news channel confirming the completion of ripple framework for "Woori" and "Shinhan" banks. The two aforementioned banks are one of the top four banks in Korea and they have confirmed that they have successfully finished testing and will soon be using ripple for their actual international transactions. Prepare your selves and hodl
  21. I'm based in the EU and I've noticed that some of the big exchanges in Korea (such as Bitthumb and Coinone) have much better exchange rates than EU-based exchanges like Bitstamp (currently the equivalent of $2.50 vs $1.90 per XRP between the Bitthumb[Korea] and Bitstamp[Luxembourg]). Apart from the 2nd currency exchange (from Korean Won to Euro/USD), are there any other disadvantages to using a Korean exchange (with better rates) instead of a European one? Would there be any additional taxes in this case?
  22. Just to clear up the situation in Korea. 1. There was an erroneous post by a newspaper site. There was no article, but rather just a headline. It stated "Breaking News" the gov't will close all crypto exchanges. This was posted by a large, reputable online site. http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=100&oid=001&aid=0009777618 2. It has since been revealed the reporter misinterpreted the government press release. The government position is that in light of recent scams, ponzi schemes etc... it will consider closing illegal exchanges, or those t
  23. www.sbigroup.co.jp/english/news/pdf/2017/1207_a_en.pdf Thoughts...?
  24. https://www.bithumb.com/u2/US251
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