South Korea Has No Intention to Ban Cryptocurrency Exchanges
South Korea’s finance minister has confirmed that the government has no plans to shut down cryptocurrency trading or exchange platforms
31 January 2018
South Korea has become one of the main markets for cryptocurrency, yielding, probably, only Japan and China. Therefore, it is not surprising that the government was forced to deal with the regulation of a new industry that gained popularity in just a few months, after the outflow of traders and start-ups from China.
Today, after a few weeks of panic and confusion among Korean traders and investors, who fear a complete state ban on cryptocurrency trading (similar to China’s tough action in blocking virtual coin platforms), South Korea's finance minister said that the government is not going to set barriers to the cryptocurrency market.
As it is indicated in the report by Reuters, South Korea’s finance minister Kim Dong-yeon said: «There is no intention to ban or suppress cryptocurrency market».
He also commented on contradictory statements by government officials from several ministries who partly supported and partly rejected the ban on the cryptocurrency exchanges, which was proposed by the Korea’s Justice Ministry.
On the same day with proposing to shut down all domestic cryptocurrency exchanges, Korea’s justice ministry was forced to soften its stance on the ban proposal after the backlash and called it “not a finalized decision”. The Justice Ministry found little support from other governmental ministries including the Ministry of Finance which refused to support a trading ban on cryptocurrency market.
Check these cool new ICOs: Umka, IAME Identity, SocialGood, Nousplatform, Ubex, RAWG, Uncloak
12 August 2018
Every week we find a large number of projects which are holding Initial Coin Offerings in order to be able to bring their incredible ideas to life. There are a lot of news regarding ICO and cryptocurrency, and we do our best to report about the updates released, or the crypto conferences held all over the world. And now it’s time to look at the ICO market! In a list below you will find our reviews of the projects we consider worth looking at this week. As you already know, Hype.Codes team is working hard to deliver all top-notch ICO news!
UMKA is an efficient project implementation and a team-building tool based on the blockchain technology. UMKA means financial safety for all users: all platform transactions use agile smart contracts based on blockchain technology. Secure deals are done using the customizable Agile Smart Contract methodology based on the EOS blockchain. AgileSC offers an opportunity for stage-by-stage project payments and agreed-upon amendments while guaranteeing efficiency and convenience for all parties involved. Freelancers can work on their own or in project groups, and can be paid in 15 cryptocurrencies as well as fiat currencies. UMKA takes a 1% commission from all smart contract transactions within the platform. Funds, gathered this way will be distributed among UMK token holders automatically.
IAME is building the first truly decentralised cross-blockchain identification system based on its proprietary sharding technology and consensus identification.Powered through individualised Identity DApp, IAME will be the first blockchain identification system that would enable the detection of suspicious activities or the isolation of potentially dangerous users.
This is the world’s first socially contributing token ecosystem, with the SocialGood cryptocurrency. Tokens sold in this ICO are positioned with membership privileges that enable participation in the ecosystem. We filed the Form D with SEC on Aril 18, 2018 to cover US accredited investors.
Nousplatform is a financial ecosystem for investors and decentralized investment funds powered by Ethereum Smart Contracts. Fund managers can create and manage investment funds in few clicks. Most profitable funds will be listed in the top rating. Investors can easily track the activities of each fund and make a decision to buy or to sell its assets.
Ubex is a global decentralized advertising exchange, operating fully on the basis of neural networks with the use of blockchain and smart contracts. Ubex allows passage from the traditional pay per click scheme to the model of payment for targeted actions, the most fair and interesting model for advertisers. At the heart of Ubex’s advertising purchasing algorithms, lie neural networks that process information about each visitor to the member networks’ websites. The neural networks evaluate the interests of users, calculate the likelihood of targeted actions for all advertiser offers, and choose the most suitable advertisement. Thanks to this, member network website visitors see only those ads that are maximally confined to their interests, and which would convince them to fulfill the target action with maximum probability. Thus, Ubex maximizes the targeting of advertising and the economic efficiency for advertisers. Ubex aims to solve the problem of low confidence in the purchase of digital advertising. Smart contracts allow for making the relationship of advertisers and publishers (owners of ad slots on sites) as transparent and fair as possible, as well as minimizing the risks for all parties. By applying such an approach, Ubex allows passage from the traditional pay per click scheme to the model of payment for targeted actions, the most fair and interesting model for advertisers.
RAWG is a video game discovery platform that converts your skills into goods and services. RAWG token is a blockchain-based unit to reward gamers for in-game achievements on RAWG platform. Advertisers can purchase ads on RAWG platform using RAWG tokens, while gamers can trade tokens for partner offers or cryptocurrencies. The RAWG token can be exchanged for goods and services. RAWG token is tied to the price for advertising on RAWG - 100 tokens will get you 1,000 impressions of a banner ad.
The future of cyber threat detection. Advanced artificial intelligence to check public & hidden internet data for “Zero Hour” cyber threats. Next generation vulnerability cyber security scanning. EOS Blockchain powered, allowing verified IT security experts worldwide to collaborate in resolving cyber threat vulnerabilities and be rewarded through a fully automated system.
Hype.codes team works everyday to bring you the best reader’s experience. We are trying to add some new cool features every day. Hype.Codes Rate is average, abstract ranking of ICO, that we give to every upcoming ICO. It depends on such criteria:
Landing webpage design
Completeness of information provided on the landing webpage
Convenience of information search on the landing webpage
The concept itself
Reputation and accessibility of information about the project team, their experience
Project activity on social networks
And many other
We hope that you like the idea of Hype.Codes ICO ranking and maybe it will help to navigate through the stormy sea of blockchain-based start-ups.
We are constantly updating the list of top upcoming ICO and we would like you to share some thoughts on which Token Sale from 12th to 18th of August is the most appealing to you. Which one seems interesting for you to invest your funds, and which one, in your opinion, will bring the most profit? Please, select one of the options below.