#CryptoCorner; South Korean Court Orders Seizure of $1.4 Million of #Bitcoin, #Chinese President Praises #Blockchain and Poland’s #BitBay to Move to Malta
#CryptoCorner; South Korean Court Orders Seizure of $1.4 Million of
#Bitcoin, #Chinese President Praises
#Blockchain and Poland’s #BitBay to Move to Malta
Point Roberts, WA, Delta BC – May 30, 2018 - Investorideas.com, a leader in crypto and
blockchain investing news reports on what’s driving the cryptocurrency markets
with today’s edition of Crypto Corner.
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/05301SouthKoreaChinaPoland.asp
South Korean Court Orders Seizure of $1.4 Million of Bitcoin, Chinese
President Praises Blockchain and Poland’s BitBay to Move to Malta
South Korea’s Supreme Court ruled in favour of the
forfeiture of roughly $1.4 billion USD worth of bitcoins in a “case of cyber
sex crime”. Yonhap News reports that the operator of a child pornography website has been
sentenced to 18 months in prison and must pay a penalty of 696 million won
($644,000 USD) in addition to the confiscation of bitcoins.
The ruling is significant as initially the seizure
of 191 bitcoins was contested by a lower court as they weren’t physical assets,
but was then overturned by the top court.
“The 33-year-old was charged in May
2014. A lower court refused the prosecution's request for the forfeiting of
Ahn's cyber assets, saying they exist electronically and have no physical form.
An appeals court reversed the ruling,
deciding that cryptocurrency can be seen as "profit earned from trade in
goods."”
Chinese President Xi Jinping expressed approval for blockchain technology in a speech at an academic
conference on Monday, naming it as part of a “new generation” of tech that is
leading a “breakthrough”.
“The new generation of information technology represented by artificial intelligence, quantum information, mobile communication, internet of things, and blockchain accelerate the breakthrough in application and bred new life science fields represented by synthetic biology, gene editing, brain science, and regenerative medicine.”
Poland’s largest cryptocurrency exchange, BitBay,
is moving to crypto haven Malta in response to being shut out by all Polish
banks. In an announcement yesterday, BitBay said that all functions of the exchange will be
available until May 31, 2018, and that users are encouraged to pick up with the
exchange once it moves.
“After
logging on account on bitbay.net webpage Users will be able to create their own
BitBay account in Malta. The exchange will be conducted by the new supplier on
Malta with usage of the same software as until now was used by BitBay exchange
in Poland, based on the domain bitbay.net and BitBay trademark.”
Sam Mowers, Investorideas
Crypto Corner Sponsors:
Flip™ is the creation of Fit Pay, Inc., a leading provider of
cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD).
By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders
to seamlessly exchange their cryptocurrency for US dollars and store that value
on a contactless payment device that can be used to make purchases at millions
of retail locations. https://www.fliptopay.com/
Investorideas.com is a leader in Blockchain content
with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com
Join our LinkedIn Group Blockchain
and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
About Investorideas.com - News that Inspires Big Ideas
www.Investorideas.com is a meeting place for global
investors, featuring news, stock directories, video, podcasts, company
profiles, interviews and more in leading sectors. Sectors we cover include tech
(AI, drones, internet of things) , payments, crypto and blockchain, biotech,
mining, energy, renewable energy, water , marijuana and hemp stocks, food and beverage,
defense and security (biometrics/cyber) ,Latin America, sports, entertainment,
luxury brands and gaming.
Disclaimer/Disclosure: Investorideas.com is a digital
publisher of third party sourced news, articles and equity research as well as
creates original content, including video, interviews and articles. Original
content created by investorideas is protected by copyright laws other than
syndication rights. Our site does not make recommendations for purchases or
sale of stocks, services or products. Nothing on our sites should be construed
as an offer or solicitation to buy or sell products or securities. All
investment involves risk and possible loss of investment. This site is
currently compensated for news publication and distribution, social media and
marketing, content creation and more. Contact each company directly regarding
content and press release questions. Disclosure is posted for each compensated
news release, content published /created if required but otherwise the news was
not compensated for and was published for the sole interest of our readers and
followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: this newsletter is sponsored content by
featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip More info: http://www.investorideas.com/About/News/Clientspecifics.asp
Cryptocurrency Disclaimer
Investorideas.com news content is not
meant to be a solicitation to buy or sell cryptocurrencies and
Investorideas.com does not directly sell cryptocurrencies; but acts as a news
and research resource for interested investors following the blockchain sector.
Copyright and ownership: Crypto
Corner is an Investorideas.com content brand
Contact Investorideas.com
800-665-0411
Comments
Post a Comment