Inventor of Korean “poop-coin” claims that it ended in February
The Korean professor who developed the Beevi idea claimed that there wasn’t enough support for the initiative and that it couldn’t stand alone. A research project that produced toilets that could convert human excrement into electricity, heat, and digital cash has been shut down by the South Korean government. The Science Walden project, which introduced […]
Korean police seize crypto in trial for unpaid traffic penalties
In a Seoul suburb, local police have the power to seize cryptocurrency in order to pay off outstanding penalties for traffic offenses. A successful pilot program allowing police to confiscate cryptocurrency from the exchange accounts of people with unpaid traffic fines has been running in a town in South Korea close to Seoul. The national […]
Korean regulators look into banks linked to $6.5B Kimchi premium
South Korean financial watchdogs are investigating the enormous quantity of money sent outside from cryptocurrency exchanges. Investigations are being conducted into South Korean banks’ possible complicity in the $6.5 billion in shady international transfers that have been linked to businesses that deal in cryptocurrency arbitrage . The Financial Supervisory Service (FSS) reportedly authorized a probe […]
Shitcoin? Korean professor mines crypto using bio-waste
Waste to wealth: Students in a South Korean college can now earn crypto which was initially mined from their own excreta, now. this is the real “shitcoin.” One South Korean university professor has taken the phrase “shitcoin” to a more literal level, implying that it is no longer only a term used to identify altcoin […]