After China, South Korea bans ICOs
The Financial Services Commission (FSC) of South Korea has released a statement in which they announced that all Initial Coin Offerings (ICOs) will be banned in the country. According to Reuters, South Korea’s FSC said on Friday that “it will ban raising money through all forms of virtual currencies.”
Ex Google and Facebook employees start a cryptocurrency index fund
Due to the lack of a proper investment platform for virtual currencies, Hunter Horsley, a senior project manager from Facebook, and Hong Kim, a Google veteran, decided to build a cryptocurrency asset management company.
Chinese bitcoin exchange hacked for $3 million
OKEx, a sister site of OKCoin, is a major bitcoin trading platform in China with customers from all over the world. Recently, a customer of OKEx reported that their account was accessed from a German IP when BTC-ETC trading was carried through it.
Chinese investors dominate bitcoin, companies gunning for blockchain
Quartz recently released a reported on how the bitcoin market in China has grown from a small-scale experiment to a billion-dollar market. The author reported that the Chinese government regulates the market so tightly that there is little room for speculation.
