South Korea

Seoul Police Summons Bithumb Chairman For Interrogation

Rate this post The Seoul Metropolitan Police Agency has summoned the chairman of Bithumb for interrogation regarding the alleged fraud. The chairman of the firm, Lee Jung-hoon has been accused of a lot of fraud activities. The fraud is related to the failed listing of the BXA token and defrauding the investors. As revealed in earlier reports, this token has been promoted as the native token of Bithumb. However, the token has never been launched or listed on any platform. Due to the promotion of a fake token, Lee is

South Korean government agency to use blockchain-based employee ID system

The Korea Internet & Security Agency, or KISA, is the first public entity of South Korea to implement a blockchain-powered employee ID system through a smartphone app starting October.According to Yonhap, the agency will also issue tokens called “KISA Coin” to reward KISA’s best employees, enabling them to purchase snacks, beverages, and even office supplies. It is currently being pilot tested, with the expectation to make it available for the entire workforce.The new employee ID system will allow KISA’s workers to use near field communication technology, or NFC, by scanning

This Stunning Fractal Predicts Bitcoin Will Soon Be Back at $12,000

After a strong rally from $11,100 to $12,000 over the course of five days, Bitcoin dumped on Wednesday morning. The cryptocurrency plunged from those highs to approximately $11,200. This marked a 7% correction for the asset in the span of around six hours. BTC has since recovered and is now trading for approximately $11,450. While BTC remains under a pivotal resistance level, $11,500, analysts are optimistic. One commentator noted that there is a fractal predicting Bitcoin will soon return to the $12,000 highs. Bitcoin Could Soon Return to the $12,000

Bitcoin Bulls Remain in Full Control as Long as They Defend a Few Key Levels

Bitcoin has witnessed intense inflows of selling pressure throughout the past several hours on news of Bithumb’s Korean offices being “raided” by authorities Although it remains unclear as to why the raid took place – or why Bitcoin investors should care – it instantly led fear to spread throughout the industry This created shockwaves that caused many other digital assets to plunge lower as well, with Ethereum at one point dropping from highs of $480 to lows of $419 Analysts are noting that, from a technical perspective, bulls still remain