South Korea to regulate brokers, transactions with cryptocurrencies


President Vladimir Putin met the developers of Ethereum and committed to recognising crypto-currencies in 2018. According to Bitlegal, Japanese regulatory authority has also signed fintech cooperation agreements with Singapore and UK financial regulatory bodies to facilitate the process of entry to digital currency market. The robbers have been targeting customers' accounts in an effort to drain their digital currency wallets.

As with any asset/currency, there are those on Wall Street, Canary Wharf and bedrooms around the globe, who look to profit from price arbitrage across exchanges and volatile movements.

A cyber attack late last week resulted in the loss of billions of won from customers accounts, according to a major local newspaper, the Kyunghyang Shinmun. Ethereum is hemorrhaging value, although it is unclear what is triggering this negative market pressure. Does this indicate a move toward Bitcoin as a generally accepted currency? For us, they are a way to profit from the cryptocurrency boom without actually having to touch them. From an investment point of view, Litecoin may be the better choice for the time being. Today's mechanisms for accepting foreign-currency payments are archaic and slow, but a Bitcoin transaction is instantaneous, giving you the confirmation and comfort that a payment has cleared.

Fortunately, the compromise is reported as only of a limited nature. While many exchanges also provide wallet capabilities, it is common for users to transfer their cryptos to a more secure online wallet or to offline cold storage.

The lack of relevant laws has led each bitcoin exchange to set up their own security regulations, explained a domestic cryptocurrency exchange, Coinone. The most important decision has been the adoption of Segregated Witness known colloquially as SegWit. One cannot make money by simply trading in them.

This post was syndicated from Bitcoin News.

GPU-accelerated computing is at the heart of the artificial intelligence revolution.

David Kennerley, director of threat research at Webroot, said the hack on Bithumb shows that employees can still be an organization's weakest link when it comes to security. The system is distributed and transparent.

The emergence of cryptocurrencies like Bitcoin and the spreading use of blockchain are yet more reasons I recommend stakes in GPU producers. Instead, the value has been relatively stable around US$40 for quite some time.

More facts came to light on Monday, when pressured by local media, the company revealed that the breach occurred after an unknown attacker hacked the personal computer of a Bithumb employee, from where he stole the details of over 31,800 Bithumb users - about 3% of the platform's entire userbase.


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