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South Korea
08/28/2020
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By Franz Walker
South Korea’s third-largest cryptocurrency exchange seized due to allegations of extreme fraud
South Korean police have seized Coinbit, one of the country’s largest cryptocurrency exchanges, following allegations that it was involved in fraud and wash trading. According to a report by the Seoul Shinmum, the Seoul Metropolitan Investigation Department searched and seized several of the company’s premises, including its headquarters in Seoul’s Gangnam district. This came following reports […]
07/22/2020
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By Franz Walker
Flaw in South Korea’s coronavirus self-quarantine app exposes users to data theft
In its battle against the deadly Wuhan coronavirus (COVID-19), South Korea has increasingly adopted digital tools to keep its outbreak under control. However, one of the tools it is using was found to have several major security flaws that have made users’ private information vulnerable to hackers. Though the defects have since been fixed, experts say […]
04/22/2020
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By Franz Walker
The coronavirus outbreak is sparking the rollout of more digital surveillance
The global coronavirus pandemic and the measures being implemented to stop its spread are rewiring people’s sensitivities about digital surveillance and data privacy. Governments around the world are now rolling out surveillance schemes — even some that are particularly invasive — all in the name of stopping the pandemic. Privacy advocates, however, warn that these governments will […]
06/19/2017
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By Ethan Huff
Bitcoin rise due to clueless noobs in South Korea and Japan, analysis confirms: Speculators all hope to buy low and sell high (and they will get burned badly)
Asian investors are going haywire over the prospect of becoming independently wealthy from investing in bitcoin, the popular “crypto” currency that has risen in value by an astounding 150 percent since the beginning of the year. But this decentralized medium of exchange could be in the midst of a giant bubble, which means that many […]
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