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easing stance, south korea to adopt real-name crypto trading


seoul, south korea — softening its tough stance on crypto trading for now, south korea said tuesday it would adopt a system requiring that transactions that until now were anonymous be traceable. it also will more closely monitor trading for signs that transactions may be linked to tax evasion or other crimes.the bitcoin markets appeared to take the news in stride.financial services commission vice chair kim yong-beom told reporters that starting next week, local banks will launch a real-name system for trading of crypto currencies to help curb speculation and criminal activities.that means banks will have to ensure any crypto currency investment comes from a bank account owned by the same individual. the measure will prevent such trading by foreigners living outside south korea who do not






south korea to start real-name trading of crypto currency


seoul, south korea (ap) — south korea plans to require local banks to launch a real-name system for crypto currency trading that will require the up-to-now anonymous transactions be traceable as the country seeks to curb speculation and criminal activities.financial services commission vice chair kim yong-beom said at a press briefing tuesday that the new measures, to take effect next week, will prevent foreigners residing outside south korea who do not have local bank accounts and minors younger than 19 from buying or selling bitcoins and other digital currencies.the moves follow warnings by south korean authorities that they would ban anonymous trading in crypto currencies and crack down on speculative trading and possible crimes. authorities are seeking to prevent use of crypto currency






south korea to start real-name trading of crypto currency


seoul, south korea — south korea plans to require local banks to launch a real-name system for crypto currency trading that will make the up-to-now anonymous transactions be traceable as the country seeks to curb speculation and criminal activities.financial services commission vice chair kim yong-beom said at a press briefing tuesday that the new measures, to take effect next week, will prevent foreigners residing outside south korea who do not have local bank accounts and minors younger than 19 from buying or selling bitcoins and other digital currencies. once the new system is in place, existing accounts used for crypto trading up to now can no longer be used, he said.the moves follow warnings by south korean authorities that they would ban anonymous trading in crypto currencies and cra






bitcoin prices fall as south korea says ban still an option


seoul, south korea — prices of bitcoin and other digital currencies have skidded after south korea's top financial policymaker said a crackdown on trading of crypto currencies was still possible.finance minister kim dong-yeon said tuesday in an interview with local radio station tbs that banning trading in digital currencies was "a live option." he said the decision was subject to a thorough government review.bitcoin was trading at $13,209.25, down 2.8 percent from the day before as of 7:13 a.m. gmt, according to coindesk, after falling earlier by as much as 7 percent.last week, the justice minister's remark that the country will ban bitcoin and other digital currencies triggered big sell-offs and a public outcry. the presidential office then said that no final decision had been made.






south korea’s cryptocurrency crackdown isn’t stopping this bitcoin exchange’s la


cryptocurrency platform okcoin is planning to launch a bitcoin exchange in south korea as soon as next month, a move that comes as the country’s government is considering whether to shut down cryptocurrency exchanges altogether.beijing-based okcoin, which previously ran one of the biggest bitcoin exchanges in china before the government there banned cryptocurrency exchanges on the mainland, now plans to branch out to south korea, another asian hot spot for crypto trading. it has launched an okcoin korea website and has accepted...






north korea's latest missile test ends in failure, south korea says


china on saturday dismissed u.s. efforts to adopt a a stronger stance toward north korea, testing the progress secretary of state rex tillerson hopes to achieve in beijing on the final, most precarious leg of his asia tour.tillerson’s visit came a day after he warned of using “all options” against...






south korea mulling ways to curb craze for bitcoins


seoul, south korea — south korean is studying ways to regulate speculative trading in crypto currencies as the latest surge in prices stokes a craze over bitcoins.the country's financial regulator said friday that it has ruled out using bitcoin for derivative products. the decision effectively bans investing in bitcoin futures that will start trading on the chicago board options exchange this weekend.it's part of a backlash against digital currencies in some asian countries, even as japan embraces their use.indonesia's central bank spokesman agusman zainal said friday the indonesian monetary authority will issue a rule prohibiting the use of bitcoin as a means of payment by 2018. at the moment, it is reviewing the situation, he said.south koreans tend to be tech savvy and used to trading c






bitcoin plunges as south korea crafts cryptocurrency crackdown


a top official from south korea said the government is preparing a bill to ban the trading of cryptocurrencies on exchanges, stepping up its efforts to curb speculation.the remarks from minister of justice park sang-ki came just days after the country’s financial regulator started inspecting some of south korea’s largest financial institutions that help facilitate digital-currency trading. bitcoin prices tumbled thursday, falling more sharply on korean exchanges than other trading venues....






bitcoin plunges as south korea crafts cryptocurrency crackdown


a top official from south korea said the government is preparing a bill to ban the trading of cryptocurrencies on exchanges, stepping up its efforts to curb speculation.the remarks from minister of justice park sang-ki came just days after the country’s financial regulator started inspecting some of south korea’s largest financial institutions that help facilitate digital-currency trading. bitcoin prices tumbled as much as 13.7% thursday, falling more sharply on korean exchanges than other trading venues....






bitcoin dips below $10,000 for first time since december


image copyrightgetty imagesimage caption bitcoin came close to crossing $20,000 in december bitcoin has traded below $10,000 for the first time since early december.the value of one bitcoin fell to $9,958 (£7,222) before making a slight recovery, according to the price index run by the news site coindesk.that represents a drop of nearly 50% since it peaked close to $19,800 five weeks ago.other crypto-currencies including ethereum, ripple, litecoin and bitcoin cash have also experienced steep falls over the past day.there has been concern among some experts that a bubble had been forming in the market as casual investors piled into an asset they did not fully understand.it is notoriously difficult to be certain of what causes moves in bitcoin's value - the asset has been much more volatile






north korea will revive hotline for talks with the south


seoul—north korea said it would reopen a long-closed communication line with the south later on wednesday to discuss north korea’s possible attendance at next month’s winter olympics, amid signs of easing tensions between pyongyang and seoul.the announcement, made by a senior north korean official on state television, comes a day after south korea offered to hold talks with north korean officials and 48 hours after dictator kim jong un indicated he would be open to sending a delegation to the pyeongchang games in south korea....






south korea may or may not ban bitcoin exchanges and that’s the news


the price of bitcoin and other cryptocurrencies dropped significantly today off the back of ‘news’ that south korea’s government might ban trading exchanges.as ever in the world of crypto, the slightest ripple of information can be taken out of context, and that appears to be the case here.reuters reported comments from korean justice minister park sang-ki who said claimed his ministry “is basically preparing a bill to ban cryptocurrency trading through exchanges” following “enough discussion” with a range of government agencies, including the finance ministry.as reuters itself points out, any draft legislation would require the approval of parliament which could take months, if not years. even if that were to happen, the timing seems off with local elections upcoming this year and bitcoin






south korea may or may not ban bitcoin exchanges and that’s the news


the price of bitcoin and other cryptocurrencies dropped significantly today off the back of ‘news’ that south korea’s government might ban trading exchanges.as ever in the world of crypto, the slightest ripple of information can be taken out of context, and that appears to be the case here.reuters reported comments from korean justice minister park sang-ki who said claimed his ministry “is basically preparing a bill to ban cryptocurrency trading through exchanges” following “enough discussion” with a range of government agencies, including the finance ministry.as reuters itself points out, any draft legislation would require the approval of parliament which could takes months, if not years. even if that were to happen, the timing seems off with local elections upcoming this year and bitcoi






north korea will meet with south korea for talks next week in small breakthrough


north korean leader kim jong un reopened a key cross-border communication channel with south korea for the first time in nearly two years wednesday as the rivals explored the possibility of sitting down and talking after months of acrimony and fears of war. the sudden signs of easing animosity,...






north and south korea speak over revived hotline


seoul—north korea reopened a long-closed communication line with the south on wednesday to discuss north korea’s possible attendance at next month’s winter olympics, amid signs of easing tensions between pyongyang and seoul.the call, announced on north korean state television and confirmed by the south korean unification ministry, came a day after south korea offered to hold talks with north korean officials and 48 hours after dictator kim jong un indicated he would be open to sending a delegation to the pyeongchang games...






bitcoin drops after south korea says a cryptocurrency crackdown is still possibl


prices of bitcoin and other digital currencies skidded after south korea's top financial policymaker said tuesday that a crackdown on trading of cryptocurrencies was still possible.finance minister kim dong-yeon said in an interview with local radio station tbs that banning trading in digital currencies was “a live option.” he said the decision was subject to a thorough government review.“there are no disagreements over regulating speculation,” such as requiring the use of real names on accounts and levying taxes on cryptocurrency trading, kim said. shutting down digital currency exchanges is “a live option, but government ministries need to very seriously review it,” he said.bitcoin was trading at $11,928.86, down 12.2% from the day before, at 7:30 a.m. pst, according to coindesk. the pri






south korea, u.s. and china unite to give talks with north korea another chance


beijing—south korea, china and the u.s. signaled a new push to pursue dialogue to help reduce tensions over north korea’s nuclear program, as the south korean leader arrived in beijing for an official visit aimed at repairing bilateral ties.president moon jae-in’s four-day trip began wednesday, hours after washington indicated its willingness to open talks with pyongyang without preconditions—a softened stance that could help unify north korea’s neighbors in dealing with the hermit state....






war games begin as u.s., south korea brace for north’s fury


seoul—a new cycle of escalation on the korean peninsula got underway this week when the u.s. and south korea kicked off annual military exercises that have a history of enraging pyongyang.the long-planned drills follow weeks of belligerent rhetoric between the u.s. and north korea that stoked fears of a catastrophic outcome. in what many saw as a slight easing of tensions last week, dictator kim jong un said he would hold off for...






south korea toughens offensive military stance, warns north against ‘crossing th


south korea’s president moon jae-in ordered changes to the country’s military structure so that seoul could “immediately switch to an offensive operation” in the event that north korea “crosses the line” or launches an attack on seoul, the south korean capital.the remarks, made by mr. moon during a meeting monday with his defense minister, is the latest in a series of steps he has taken to boost south korea’s military posture...






war games to begin as u.s., south korea brace for north’s fury


seoul—a new cycle of escalation on the korean peninsula looks set to begin this week when the u.s. and south korea kick off annual military exercises that have a history of enraging pyongyang.the long-planned drills follow weeks of belligerent rhetoric between the u.s. and north korea that stoked fears of a catastrophic outcome. in what many saw as a slight easing of tensions last week, dictator kim jong un said he would hold off...






war games begin as u.s., south korea brace for north’s fury


seoul—a new cycle of escalation on the korean peninsula looked set to begin this week as the u.s. and south korea kicked off annual military exercises that have a history of enraging pyongyang.the long-planned drills follow weeks of belligerent rhetoric between the u.s. and north korea that stoked fears of a catastrophic outcome. in what many saw as a slight easing of tensions last week, dictator kim jong un said he would hold off...






seoul: nkorea says it'll reopen cross-border communications


seoul, south korea — south korea says north korea has announced it will reopen a cross-border communication channel in another sign of easing animosity between the rivals.the announcement wednesday comes a day after south korea offered high-level talks with rival north korea to find ways to cooperate on next month's winter olympics in the south. north korean leader kim jong un on monday suggested that the north might send a delegation to the pyeongchang games.the south's unification ministry says the north's state-run radio station made the announcement in a broadcast wednesday.the ministry says the north's radio said there were plans to restore the communication channel at the border village of panmunjom later wednesday.north korea didn't say whether it would accept the south korean offer






pence lands in south korea after north's failed launch


seoul, south korea — u.s. vice president mike pence arrived in south korea on sunday to begin a 10-day trip to asia that comes amid turmoil on the korean peninsula over north korea's threats to advance its nuclear and defense capabilities, and just after a failed missile launch by the north.pence arrived in the region a day after north korea celebrated the birth anniversary of the country's late founder with a military parade showing off missiles and military hardware.a north korean missile exploded during launch sunday, u.s. and south korean officials said, a high-profile failure that comes as a powerful u.s. aircraft supercarrier approaches the korean peninsula in a show of force.pence, joined by his wife, karen, placed a wreath at seoul national cemetery during a brief ceremony. he was






pence lands in south korea after north’s failed launch


seoul, south korea (ap) — u.s. vice president mike pence arrived in south korea on sunday to begin a 10-day trip to asia that comes amid turmoil on the korean peninsula over north korea’s threats to advance its nuclear and defense capabilities, and just after a failed missile launch by the north.pence arrived in the region a day after north korea celebrated the birth anniversary of the country’s late founder with a military parade showing off missiles and military hardware.a north korean missile exploded during launch sunday, u.s. and south korean officials said, a high-profile failure that comes as a powerful u.s. aircraft supercarrier approaches the korean peninsula in a show of force.pence, joined by his wife, karen, placed a wreath at seoul national cemetery during a brief ceremony. he






south korea president moon jae-in willing to visit north korea and talk with us


seoul, south korea -- new south korean president moon jae-in said as he took office wednesday that he is open to visiting rival north korea under the right conditions to talk about its aggressive pursuit of nuclear-tipped missiles.moon's softer stance on north korea could create friction with washington, which has swung from threats of military action to hints of dialogue as it seeks to formulate a policy under president donald trump.playvideocbs this morningsouth korea votes in pivotal presidential election turnout is expected to top 80 percent in the pivotal south korean presidential race. if the latest polls are correct, a liberal who favors engage... south korea's first liberal leader in a decade, moon also said he'll "sincerely negotiate" with the united states, seoul's top ally, and






us, south korea suspend contentious war games | news


the us and south korea have agreed to suspend contentious military exercises off the korean peninsula until after the winter olympic games in a sign that nuclear tensions with north korea may be easing.us president donald trump said on twitter on thursday that planned talks between seoul and pyongyang "are a good thing" as he praised the united states' "strong" stance and its willingness "to commit our total 'might' against the north".the two koreas restored a cross-border hotline on wednesday that had been shut down since 2016. they also agreed to hold high-level talks next week - the first since 2015 - which will focus on "matters of mutual interest", including north korea's participation in the winter olympics.trump and south korean president moon jae-in discussed the situation on the p






pence lands in south korea after north's failed launch


seoul, south korea — u.s. vice president mike pence arrived in south korea on sunday to begin a 10-day trip to asia that comes amid turmoil on the korean peninsula over north korea's threats to advance its nuclear and defense capabilities, and just after a failed missile launch by the north.president donald trump's vice president arrived in the region a day after north korea celebrated the birth anniversary of the country's late founder with a military parade showing off missiles and military hardware.a north korean missile exploded during launch sunday, u.s. and south korean officials said, a high-profile failure that comes as a powerful u.s. aircraft supercarrier approaches the korean peninsula in a show of force.the vice president was joined by his wife and two adult daughters and was l






aussie shares outperform as us holiday drains trading


hong kong — australian shares were the standout performers tuesday as the central bank kept rates unchanged and signaled they wouldn't be raised soon. elsewhere, trading was subdued not least because wall street is off for u.s. independence day and amid unease over north korea's latest missile launch.keeping score: in europe, france's cac 40 was down 0.1 percent at 5,193 while germany's dax was unchanged at 12,476. britain's ftse 100 was also steady, at 7,379.decision down under: officials at the reserve bank of australia kept interest rates unchanged at 1.5 percent following a monthly policy board meeting, saying it was the right level for sustainable economic growth and to hit inflation targets. more importantly, they indicated they wouldn't follow counterparts in the u.s., britain, euro






aussie shares outperform as us holiday drains trading


hong kong — australian shares were the standout performers tuesday as the central bank kept rates unchanged and signaled they wouldn't be raised soon. elsewhere, trading was subdued not least because wall street is off for u.s. independence day and unease over north korea's latest missile launch.keeping score: in europe, france's cac 40 was down 0.2 percent at 5,198 while germany's dax fell 0.1 percent to 12,459. britain's ftse 100 was steady at 7,377.decision down under: officials at the reserve bank of australia kept interest rates unchanged at 1.5 percent following a monthly policy board meeting, saying it was the right level for sustainable economic growth and to hit inflation targets. more importantly, they indicated they wouldn't follow counterparts in the u.s., britain, europe and c






digmine malware steals your computer power to mine crypto-currency


updated news analysis: malware has always been about destruction, either real or threatened, as a way to accomplish the goals of its creator. but that’s changed with crypto-currency mining malware.






bitcoin price dives on worries there may be a cryptocurrency crackdown


prices of bitcoin and other digital currencies skidded after south korea's top financial policymaker said tuesday that a crackdown on trading of cryptocurrencies was still possible.finance minister kim dong-yeon said in an interview with local radio station tbs that banning trading in digital currencies was “a live option.” he said the decision was subject to a thorough government review.“there are no disagreements over regulating speculation,” such as requiring the use of real names on accounts and levying taxes on cryptocurrency trading, kim said. shutting down digital currency exchanges is “a live option, but government ministries need to very seriously review it,” he said.bitcoin was trading at $11,484.22, down 15.5% from the day before, at 11 a.m. pst, according to coindesk. the price






pence lands in south korea after north’s failed launch


seoul, south korea (ap) — u.s. vice president mike pence arrived in south korea on sunday to begin a 10-day trip to asia that comes amid turmoil on the korean peninsula over north korea’s threats to advance its nuclear and defense capabilities, and just after a failed missile launch by the north.president donald trump’s vice president arrived in the region a day after north korea celebrated the birth anniversary of the country’s late founder with a military parade showing off missiles and military hardware.a north korean missile exploded during launch sunday, u.s. and south korean officials said, a high-profile failure that comes as a powerful u.s. aircraft supercarrier approaches the korean peninsula in a show of force.the vice president was joined by his wife and two adult daughters and






pence to lead us delegation to olympics


washington — vice president mike pence and karen pence will lead the u.s. delegation to the 2018 winter olympics in south korea.a white house official said wednesday that pence will attend the games, scheduled for feb. 9-25 in pyeongchang.pence will also stop in alaska to review intercontinental ballistic missile defense systems and in japan. the white house says pence will stress u.s. commitment to stability in the region to leaders of south korea and japan.north korea has agreed to take part in the games in south korea, and the two countries have agreed to hold more discussions on easing tension along their border, and to reopen a military hotline.the u.s. and other world powers want north korea to abandon its nuclear weapons program.






south korea's new president willing to visit north korea


seoul, south korea — new south korean president moon jae-in said wednesday he was open to visiting rival north korea under the right conditions to talk about pyongyang’s aggressive pursuit of nuclear-tipped missiles.moon’s softer stance on north korea could create friction with washington, which has swung from threats of military action to hints of dialogue as it seeks to formulate a policy under president donald trump.moon, speaking during his formal oath of office, also said he’ll “sincerely negotiate” with the united states, seoul’s top ally, and china, south korea’s top trading partner, over the contentious deployment of an advanced u.s. missile-defense system in southern south korea. the system has angered beijing, which says its powerful radars allow washington to spy on its own mili






why it’s insane to welcome north korea to the olympic games


wednesday it was announced that at the winter olympics next month, delegations from north and south korea will march together under a flag representing a unified korea. before you start popping champagne bottles or using white-out on your map of north and south korea, let’s pause and consider what led to this announcement and what good could possibly come from it.first, a recap of what led to this sudden easing of tensions between north and south: on new year’s day, north korean leader kim jong un made his annual speech, in which he made an overture to the government in seoul, saying he wants peace with the south and is open to talks about north korea sending a delegation to the winter olympics.south korea’s president, moon jae in, leapt (or was it pole-vaulted?) at the chance, quickly arr






s. korea’s leader willing to visit north, talk to us, china


seoul, south korea (ap) — new south korean president moon jae-in said as he took office wednesday that he was open to visiting rival north korea under the right conditions to talk about pyongyang’s aggressive pursuit of nuclear-tipped missiles.moon’s softer stance on north korea could create friction with washington, which has swung from threats of military action to hints of dialogue as it seeks to formulate a policy under president donald trump.south korea’s first liberal leader in a decade, moon also said he’ll “sincerely negotiate” with the united states, seoul’s top ally, and china, south korea’s top trading partner, over the contentious deployment of an advanced u.s. missile-defense system in southern south korea. the system has angered beijing, which says its powerful radars allow w






modernize your home wi-fi with this discounted netgear nighthawk


netgear nighthawk r6700, $100 after $20 couponif your home network has more holes than swiss cheese, netgear’s nighthawk r6700 features beamforming, usb ports, and up to 1750 mbps maximum throughput, meaning it’s more than enough router for most homes. you can save an additional $20 by clipping the on-page coupon, which brings it down to just $100. $100 from amazon2885 purchased by readersgizmodo media group may get a commissionbuy now