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South Korea's ICO Ban: A Reaction to “Serious Concerns” Over Cryptocurrency Investment Practices

The South Korean Financial Services Commission (FSC) has announced it will ban all forms of initial coin offerings (ICOs). After a meeting to discuss virtual currency control, the vice-chairman of financial affairs, Kim Yong-bum, made this comment as part of an official statement:“We expressed a serious concern that the recent inflow of funds into the nonproductive speculative direction is showi

Chinese Manufacturing Giant Midea Seeks Household Appliance Mining Patent

Mining Public records reveal the large Chinese electrical appliance manufacturer, Midea Group, recently applied for a patent that enables bitcoin mining through household appliances.Also Read: Australia Introduces Bill That Regulates Bitcoin ExchangesA system for Digging Bitcoins by Using a Household ApplianceThe Chinese corporation Midea

Chinese Manufacturing Giant Midea Seeks Household Appliance Mining Patent

Mining Public records reveal the large Chinese electrical appliance manufacturer, Midea Group, recently applied for a patent that enables bitcoin mining through household appliances.Also Read: Australia Introduces Bill That Regulates Bitcoin ExchangesA system for Digging Bitcoins by Using a Household ApplianceThe Chinese corporation Midea

Japan’s Largest C2C Ticket Marketplace with 5 Million Users Accepts Bitcoin

Services Japan’s top customer-to-customer (C2C) ticket exchange marketplace, Ticket Camp, announced last week that it has become the first in the Japanese ticket industry to accept bitcoin. The site has about 5 million users and processes approximately 5.8 billion yen per month.Also read: World’s Largest Bitcoin Exchange Bitflyer Expan

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