Crypto News | South Korean cryptocurrency exchanges stay open

Good news from Asia – South Korean cryptocurrency exchanges will remain open! According to the latest statement of South Korean finance minister, the country doesn’t have a plan to shut down crypto trading. As you probably know, some thought that this country might follow China and close down its cryptocurrency exchanges, but this won’t happen. Korea has introduced a set of news rules that try to prevent the use of anonymous accounts in trading. Furthermore, traders who do not comply with these rules will be punished. Anyhow, South Korean cryptocurrency exchanges won’t shut down, which is good news for all crypto traders, especially if we keep in mind the significance of the South Korean cryptocurrency market.

Besides the news from South Korea, we bring you some other good news, as well. China-based bitcoin exchange Huobi plans to open an office in San Francisco. The company tends to grow internationally, and they are building new headquarters in the Silicon Valley. Also, the company has a plan to launch a pair of cryptocurrency exchanges in Japan, together with the investment company SBI Group.

Also, there are some news on Samsung and cryptocurrencies. This big company has begun to produce mining chips, but this information still isn’t quite clear. Samsung allegedly began to cooperate with an unidentified Chinese mining company. According to some data, these chip products accounted for more than 60 percent of the operating value in 2017.

Besides the news from the crypto industry, we bring you some other news, as well. Some American companies, such as Berkshire Harhaway Inc. and Inc, are going to form a company in order to cut their employees’ health costs. They will focus on technology that will simplify health care and increase its quality. They will probably negotiate directly with hospitals and drugmakers in order to improve health care. Last year U.S. healthcare accounted for 18 percent of the economy. If other companies follow the mentioned ones, that could pressure the entire healthcare system to change.

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Author: Max Rothstein

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