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Pure Bit, a South Korean exchange, pulls a $2.8 million exit scam – TechCrunch

Pure Bit, a South Korean exchange, pulls a $2.8 million exit scam – TechCrunch Another day, another exit scam. This time it comes to us from South Korea where an exchange, Pure Bit, has completely shut down after raising $2.8 million in Ethereum from investors. The exchange, which promised to …

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Korean lending startup PeopleFund raises $11M led by chat app Kakao’s payment unit – TechCrunch

Korean lending startup PeopleFund raises $11M led by chat app Kakao’s payment unit – TechCrunch South Korean peer-to-peer lending startup PeopleFund is in the money itself after it raised an $11 million Series B funding round that was led by Kakao Pay, the fintech division of Kakao, Korea’s top messaging firm. …

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One of crypto’s longest-running exchanges has been sold – TechCrunch

One of crypto’s longest-running exchanges has been sold – TechCrunch One of the longest-standing crypto exchanges has new owners after Europe-based Bitstamp was sold to South Korea’s Nexon, marking the gaming firm’s second such acquisition. The acquirer is NXMH, a Belgium-based PE and investment firm owned by NXC — the parent of …

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In Korea’s Ruling Party, A Lawmaker Commits to Ending the ICO Ban

In Korea’s Ruling Party, A Lawmaker Commits to Ending the ICO Ban This article originally appeared in CoinDesk Korea, a partnership with The Hankyoreh. Opting to take the view ICOs are a form of fraud, speculation or gambling, the Korean government initiated a ban on the investment vehicle last September, one …

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South Korea’s Financial Watchdog Warns Investors Over Crypto Funds

South Korea’s Financial Watchdog Warns Investors Over Crypto Funds South Korea’s Financial Services Commission has warned the public to exercise caution when investing in cryptocurrency funds. The FSC issued a note to investors Wednesday, saying cryptocurrency funds have a structure similar to mutual funds and, thus, investors may mistakenly believe …

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Gogoprint raises $7.7M to expand its online printing business in Asia Pacific – TechCrunch

Gogoprint raises $7.7M to expand its online printing business in Asia Pacific – TechCrunch Gogoprint, a startup that is aiming to disrupt the traditional printing industry in Southeast Asia, has pulled in a $7.7 million investment as prepares to expand its business in Asia Pacific. We first profiled Gogoprint in …

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