Jump to content

Search the Community

Showing results for tags 'korea'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • XRP
    • Please Read Before Posting
    • Press
    • General Discussion
    • Technical Discussion
    • Codius and Smart Contracts
    • Marketplace
    • Problem Solving
  • Interledger Protocol
    • Interledger Protocol Discussion
  • Other Technology
    • Alt-Coins and General Fintech
  • More
    • Fan Submissions
    • Off-Topic
    • Meta
    • Languages
  • Canadian Zerpers's Topics
  • Vegemite Ripplers's Topics
  • 2 the Moon! For Real. The Club's Topics
  • NY Zerpers - aka bitlicense island's Topics
  • Brackish Waters Club's Topics
  • Trading Places's Topics
  • Anti-Club Club's Topics
  • The Irish Brigade's Topics
  • Saloon's Request
  • XRP Trading And Price Speculation's Topics
  • The Crypto Buffett's Topics
  • Alt-Coin Trading And Price Speculation's Topics
  • Super serious Ripple club's Topics
  • Making Millions!'s Topics
  • Ripple - India's Topics
  • SWELL's Topics
  • Gospel Hour's Topics
  • Korean XRP Holders's Topics
  • Strayans lovin your work XRP!!!'s Topics
  • Technical Analysis (TA) Area's Topics
  • BTC diving deep club's Topics
  • Ripple Enamel Pin Club's Topics
  • XRP Wave Surfers's Topics
  • FUDster's retreat's Topics
  • Cooking with Snoopy's Topics
  • How it's all going to happen..'s Topics
  • Chocolate Fish's Topics
  • The Round Table's Topics
  • UK Hodlers's Topics
  • ˜”*°• Zerpmania •°*”˜'s Topics
  • XRP YouTube Videos's Topics
  • CRY ROOM's Topics
  • Night's Watch's Topics
  • CasinoCoin's Topics
  • XRP Think Tank's Topics
  • Allvor's Topics
  • NightClub's Topics
  • TeXRP's Topics
  • COIL Think Tank's Topics
  • Bob's Book Club's Topics
  • XRP FAQS's XRP Q an A’s

Calendars

  • Ripple Events
  • Vegemite Ripplers's Events
  • NY Zerpers - aka bitlicense island's Events
  • Brackish Waters Club's Events
  • Trading Places's Events
  • Anti-Club Club's Events
  • The Irish Brigade's Events
  • Saloon's Calendar
  • XRP Trading And Price Speculation's Events
  • The Crypto Buffett's Calendar
  • Alt-Coin Trading And Price Speculation's Events
  • Super serious Ripple club's Events
  • Making Millions!'s Events
  • Ripple - India's Events
  • SWELL's Events
  • Gospel Hour's Events
  • Korean XRP Holders's Events
  • Strayans lovin your work XRP!!!'s Events
  • Technical Analysis (TA) Area's Events
  • BTC diving deep club's Events
  • Ripple Enamel Pin Club's Events
  • XRP Wave Surfers's Events
  • FUDster's retreat's Events
  • Cooking with Snoopy's Events
  • Chocolate Fish's Events
  • The Round Table's Events
  • UK Hodlers's Events
  • XRP YouTube Videos's Events
  • CRY ROOM's Events
  • XRP Think Tank's Events
  • Allvor's Events
  • NightClub's Events
  • TeXRP's Events
  • COIL Think Tank's Events
  • Bob's Book Club's Calendar

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


Website URL


Interests


Location


Occupation


Country


Ripple Address


Biography


Location


Interests


Occupation

Found 35 results
Minimum search term is 4 characters long. Can't find what you want? Click here for the custom google search instead.

  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, securities companies and KFTC using distributed technology. "When it happened, it was difficult to recover, and efficiency and resilience were poor." http://m.whitepaper.co.kr/news/articleView.html?idxno=95229#086C
  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 incoming armies) :-) We as XRP-adepts couldn't agree more, IMHO. Frankly, I am totally happy with this development: fukda bloody fraudsters that want to ditch their tax responsibilites, honesty in the end always pays out - if only it were for a clear conscience. I know I voluntarily file my taxes on any of my crypto holdings - even before regulation wasn't yet very clear on that issue. So in the end: even in South Korea the future seems not all that daunting for cryptos after all, does it? I guess, this will bode well for crypto in SK in the long run - legit people doing legit investments. It will take some time to implement things, of course, but that's not a real issue for anyone with a proper long term view. To you, Ahhrrrggg!
  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, once and for all. Read Here... https://goo.gl/DJxd1c
  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 holder). You then received a bank account number that you could go to any atm and deposit fiat into. You could then buy Crypto or do any sort of transaction from the now-funded bank account for 24h and then it was shut down For less biased views on whats going on in korea, check out Joseph Young (@iamjosephyoung): https://twitter.com/iamjosephyoung?s=07 (He reports for cointelegraph. He's been covering the developments in Korea the past couple of days really well)
  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 a milder stance. Then, crypto prices recover. Read Here... https://goo.gl/9HjkwR
  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 he claimed to have started with a 80 dollar investment and turned it into a 30 million dollar crypotocurrency portfolio. To me, the story about the investor doesn't completely ring true. However, this encapsulates the both the interest, craziness, and the growing mania surrounding cryptocurrencies in Korea. Reason for the sell off today: Comments made to reporters at noon today. 박 장관은 이날 과천 법무부 청사에서 열린 신년 기자간담회에서 "가상화폐에 대한 우려도 굉장히 커 법무부는 기본적으로 거래소를 통한 가상화폐 거래를 금지하는 법안을 준비 중"이라며 이같이 말했다. 정부는 지난달 28일 가상화폐 투기 근절을 위한 추가 특별대책을 추가로 내놓을 때 비이성적 투기 상황을 방치할 수 없다면서 거래소 폐쇄를 위한 특별법 제정도 검토하겠다는 입장을 공식적으로 밝힌 바 있다. Park said at the New Year's Press conference held at the Gwacheon Justice Office on the day, "The Ministry of Justice is preparing legislation that basically prohibits virtual currency trading through exchanges. The government has officially announced that it will consider imposing a special law on the closing of exchanges, saying, "We can not neglect irrational speculation when we add additional special measures for eradicating virtual currency speculation on September 28. How people -that I spoke to - are viewing this in Korea This is not new. As the article states, this is what the minister stated in September of 2017. It seems unlikley. However, because it was said again, it is causing concern for some in Korea. The rumor mill in Korea This is not to stoke rumor but give people an insight into some of the crazy conversations that people are having in Korea. You can compare this to some of the conversations on this forum. Unfortunately, there may be less investment based on fundamentals in Korea than in other countries. A great amount of investment, but not all, is driven by crazy rumors and here is some of that. Don't place all of your trust in the rationality of crypto investors because as you know, there may be very little of that. Also, don't place all of your trust in Korean investors just because the volume of Korean investment is so high so they must be more enlightened because they are able to quickly recognize emerging trends. There is a lot of craziness in investment/investors here as well. Without further delay, here are some rumors today: 1. The government may move towards closing exchanges (this seems unlikely. with the amount of money circulating through exchanges, and the potential economic stimulus this could bring it seems unlikley...unless the government feels confident they can push all of this money back into the stock market, but this is unlikely.) 2. The government is moving towards curtailing money laundering by conglomerates (There is a rumor that Hyundai is using crypto to build slush-funds outside of Korea - this is in line with the conduct of conglomerates in Korea. This has always gone on. Recently, the former chairman of Samsung is catching heat for hidden wealth/stocks. Probably true, but unlikely that it can be the main motivator of government policy. ) 3. The government is trying to push down prices to encourage investors to not leave the stock market, or encourage investors to move back towards the stock market (I haven't seen the figures but somebody stated 5 trillion won left the Korean stock market) 4. The government is trying to push down prices before a wave of new crytpo investors expected in late January 5. Politicians in Korea are pushing down the market so they can find an entry point and invest themselves. (This is most likely untrue but funny. This rumor is probably circulating because Korean politicians so so incredibly corrupt. They are very, very, very corrupt. What is probably true is that they are muscling operators of exchanges for kickbacks. The focus over and over again has been the amount of money circulating through the exchanges and how it is unregulated.) 6. Wild rumor - Chinese crypto exchanges will open again. The rumor, is that somebody sued the chinese government for the money he lost when they closed the exchanges. The supreme court ruled the government is not liable for losses but that the petitioner should have been able to buy and sell on exchanges. (This one seems like the craziest rumor. I would bet on this one being part of a pump and dump strategy with an altcoin) Side Note 1 One of the people involved in statements about banning crypto (Choi Heung-sik, Director of the Financial Supervisory Service,)is really angering people. There is an online petition on the Blue House (Korean equivalent of the White House) website to have him removed from his position. I support this. He doesn't seem to be in step with officials and the current policies in other countries. However, despite the petition, his removal seems unlikely. I believe, but not sure if I can trust my memory 100%, that he has a little bit of a vendetta against crypto. If I remember correctly, in a press conference in the past, he assured reporters that bitcoin was a fad. He asked if anybody wanted to bet that the price of bitcoin would drop because he believed it would. Well, it didn't at the time and reporters being reporters, they needled him about this. I believe he was a little embarrassed. Side Note 2 There is increasing pressure for government regulation. I spoke to a lawyer who is suing the government on behalf of crypto investors in Korea. He says regulation is coming. There are many complaints by investors who feel they have been wronged by crypto exchanges. They claim fraud (crashes of exchange servers at times when it is beneficial to the exchanges) and unfair practices (the high premiums levied by exchanges). While some are suing the government to relax restrictions, others are petitioning the government launch regulatory measures.
  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 that don't comply with gov't regulations. The gov't also says it will relax at least one previous restriction. http://opm.go.kr/m/news/news01.jsp?mode=view&article_no=97333 3. The price of currencies dropped rapidly when the headline was first posted. Most of the drop has since recovered but not fully. There is also some uncertainty affecting the complete recovery of the price. 4. There is wild rumor the misleading headline was intentional, that the reporter was working for a "whale" who wanted to create and take advantage of the quick drop and recovery. Others believe it is just a case of poor reporting. In any case, there are some angry people who lost money, and happy people who bought the dip. 5. (old news: the originally proposed government regulations in Korea) Forbes article: South Korea Is Not Banning Bitcoin Trade, Financial Regulators Clarify https://www.forbes.com/sites/pamelaambler/2017/12/12/south-korea-is-not-banning-bitcoin-trade-financial-regulators-clarify/#13ad7a521427 Edit: I'm in Seoul and everybody is talking about it right now. Edit 2: A possible reason for the confusion may be the announcement the government will ban anonymous accounts. However, if the name on your bank account matches the name on your account on an exchange, the government will permit this. This should only affect "dirty" money. Edit 3: Speculation. Many people believe the reason for the quickly increasing government interest and planned regulation in Korea, and today's announcement is: A. The government wants to accurately track how money is moving around the crypto space by tracking bank accounts attached to exchange accounts B. The government is doing A. in preparation to tax profits from cryptocurrencies, currently there aren't any taxes. Edit 4: More confusing news Yonhap - the news organization that was responsible for the misleading headline that caused today's dip - has reported, in english, that the Korean government is planning to ban the creation of new accounts at crypto exchanges. However, this isn't consistent with the other information that has been put out. This report seems untrue and seems is an example of poor translation because other materials assert the government wants to link exchange accounts to a real bank account which are both under a single user's real name. What they mean to say is the government is banning the creation of crypto exchange accounts that are NOT linked to your real bank account, under your real name. http://m.yna.co.kr/mob2/en/contents_en.jsp?cid=AEN20171228005651315&site=0200000000&mobile There is so much misinformation right now and confusion on the government end. Everybody in Korea, hold on to your hats because it may start to get confusing.
  23. www.sbigroup.co.jp/english/news/pdf/2017/1207_a_en.pdf Thoughts...?
  24. https://www.bithumb.com/u2/US251
×
×
  • Create New...