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Kookmin Bank, South Korea’s Largest Bank Will Offer Cryptocurrency Custody
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Kookmin Bank, South Korea’s Largest Bank Will Offer Cryptocurrency Custody

Kookmin Bank, the largest commercial bank in South Korea, will start offering Bitcoin custody services through a new partnership with crypto trading firm Cumberland Korea and blockchain venture fund Hashed.

Smart Whale Cumberland Liquidated 8K $ETH Prior to Market Crash
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Smart Whale Cumberland Liquidated 8K $ETH Prior to Market Crash

Cumberland offloaded 8,000 $ETH before the cryptocurrency market crashed, reducing its valuation to $1.1 trillion. Following the crash, Cumberland withdrawn 4,000 $ETH from Binance. During the FUD due to the SEC's lawsuit against Binance, SmartMoney purchased at lower prices. Cumberland's strategic investment strategies have historically yielded substantial returns.

Bitcoin’s Volume Dominates Performance More than Volatility, Cumberland Suggests
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Bitcoin’s Volume Dominates Performance More than Volatility, Cumberland Suggests

Even though some analysts have stipulated that Bitcoin’s volatility is a cause for concern, crypto trading firm Cumberland believes volume is what matters the most.

Banks Are Increasingly Starting to Offer Cryptocurrency Services in 2020
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Banks Are Increasingly Starting to Offer Cryptocurrency Services in 2020

Banks have increased their interest in cryptocurrencies. Many of them have decided to join the cryptocurrency market, either by offering investments in cryptocurrency or by exploiting the capabilities of blockchain technology, which is already used in various areas with financial services.

Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers
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Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers

Blockchain-powered driving licenses were made available as an option in South Korea in May.

Top Four South Korean Banks Announce Plans to Provide Cryptocurrency Custodial Services
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Top Four South Korean Banks Announce Plans to Provide Cryptocurrency Custodial Services

Two of South Korea’s top banks have recently announced that they were looking into providing cryptocurrency custodial services to their clients.

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