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Bithumb May Pour Over $8M Into South Korea’s Regulation-Free Zone

Bithumb, one of the world’s largest cryptocurrency exchanges, could invest more than $8 million into South Korea’s regulatory sandbox. Via its daughter company GCX Alliance, Bithumb has shown intent to put 10 billion won ($8 million) into South Korea’s “regulatory free zone” in Busan, according to reporting from Seoul on

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China’s Hainan Free Trade Zone Pledges $140M in New Blockchain Support

Blockchain will continue to see major investment from China’s Hainan Free Trade Zone (FTZ) with new funds fostering local businesses.As local English-language news outlet Xinhua Net reported on Dec. 5, Hainan’s dedicated economic pilot zone has pledged to boost the role blockchain tech plays in the local economy. Free Trade

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Bitcoin Price Back Under $10K Closer to ‘Ideal Buy Zone,’ Says Trader

After failing to reclaim the $11,000 threshold yesterday, Bitcoin (BTC) price has dropped again to four figures.After the biggest cryptocurrency rapidly dropped $700 in minutes earlier today, the bearish movement continued as Bitcoin dipped below $10,000 price mark.Market visualization | Source: Coin360At press time, Bitcoin is trading at $9,983,

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Shenzhen Special Economic Zone to Include Digital Currency Research

On Aug. 18, the Central Committee of the Communist Party of China outlined the plans for the future development of the Shenzhen Special Economic Zone, including the research and promotion of digital funds and the national cryptocurrency based on the renminbi.According to Chinese news agency STCN:“Mutual recognition of fund

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