Eight South Korean Exchanges Fined $130k

Korbit, Coinone, Upbit, Coinplug, RippleForYou, Coinpia and other were fined for poor security standards 
24 January 2018   319

Korbit, Coinone, Upbit, Coinplug, RippleForYou, Coinpia and other received fines from the South Korea Communications Commission (KCSC) ranging in size from $ 10,000 to $ 100,000. In total, fines were issued to eight crypto-exchanges for a total of 140 million won ($ 131600). This is reported by CCN.

The reason was weak security systems that violate the rights of users and put their personal data at risk.

While daily trading volumes and the number of users of cryptocurrency exchanges are increasing exponentially, local trading platforms have implemented extremely poor security measures. Basic measures including access control device installation and operation, storage of user passwords, and protection of users were integrated poorly.
 

South Korea Communications Commission 

Out of the 10 cryptocurrency exchanges that were investigated by the five Korean ministries, eight were found to be in violation of the Information and Communication Network Act, and to have implemented poor security measures.

Texas to host BitBlockBoom conference

Bitcoin, blockchain and cryptocurrency conference BitBlockBoom will be held on July 14 - 15 to discuss the disruptive technology
19 May 2018   46

Bitcoin, blockchain and cryptocurrency professionals are going to convene in Irving, TX on July 14 through July 15. Brightest minds in crypto will be talking about the true meaning of Bitcoin, the promise of a distributed ledgers, and the potential of decentralization. First wave of speakers are as follows:

The conference will be held at the Study USA. Here is what the event says about itself:

Invest in yourself. Learning about cryptocurrency today is like learning HTML in the 1990s. With the proper training you can have a career spanning decades. With the proper knowledge you can avoid scams and discover opportunities to prosper in this new industry.

The event is sponsored by Crypto Unicorn Money. To learn more about the event, you can visit the official page here.