Browsing: bitcoin

Prime Minister Lee Nak – yeon pointed out the problem of speculativeization of the virtual money market. The prime minister pointed out, “The reality is that virtual currencies are speculative,” presiding over a cabinet meeting at the Seoul government building on the day. “Bitcoin exceeded 11 million won. “In the meantime, young people are being used in virtual currency to earn money in a short period of time, or in fraud crimes such as drug trafficking and multi-level crimes.” did. In the meantime, it is time for the related ministries such as the Ministry of Strategy and Finance, the Financial Services Commission and the Ministry of Justice to look into the matter, “he said.” If I leave it as it is, I feel like there is serious distortion or pathology. ” Previously, the government decided in September to ban all forms of the Initial Coin Offering (ICO) at the Virtual Currency…

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What is Bitcoin? Bitcoin is a descentralized digital currency created and stored digitally. Bitcoin currency is not printed like traditional currencies instead it is forged by people and this days by businesses from all around the world using custom developed software that solves complicated cryptography mathematical problems. The differencies and similarities between normal currencies and Bitcoin Bitcoin is used as form pf online payments, trading just like normal currencies. The main important characteristic of Bitcoin is that it is decentralized. In comparison with the dollar, euro or yen that are controlled by governments bitcoin is a form of currency that is not regulated by any kind of government or large bank. Bitcoin was originally created by Satoshi Nakamota that started with the idea of building a currency independend of authorities, easily transferable ecltronically with the capability of using ultra low transaction fees. The most important characteristics of Bitcoin 1. Decentralization…

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The Republic of Korea’s National Police Agency (NPA) has made public details the reports of investigation about North Korean hackers attempting to steal bitcoins from the country bitcoin exchanges. As covered by CNN in the past the cybersecurity firm, FireEye showed reports of a North Korean state campaing attempting to steal bitcoins from South Korean cryptocurrency exchanges. “State-sponsored actors [are] seeking to steal bitcoin and other virtual currencies as a means of evading sanctions and obtaining hard currencies to fund the regime,” read an excerpt from the FireEye report. The South Korean Police reports said that the attempts failed and they were in a form of phishing login. A total of 25 employees were targeted by the hackers being subjected at 10 different phishing attempts since July,

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Unikrn the esports startup have raised $15 million from investors before its public initial coin offering (ICO) which was opened earlier this week. One of them being Mark Cuban. Unirk already have raised $10 milion from venture capital investments from investors like Guy O’Seary, TAbcorp and Ashton Kutcher. First launched in 2014 being the only full licensed and regulated esports betting platform at the time. The company, Unirk is actually launching thei own token called UnikoinGold or ERC20. The coin/token was designed and built in partnership with CoinCircle and the target for the company from the public Unikrn ICO is around $100 million funds needed for development of the platform. The tokens/coins will be used for premium content like raffles and special bonuses. Depending to the local regulations the token may be also used to place bets. At this time the company raised almost $15 milion during a private presale…

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