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Crypto Beginners Guide / Bitcoin Beginners Guide   When sending  Bitcoin , it can be easy to make a small mistake causing you to want to cancel your Bitcoin transaction. Oftentimes, funds can become stuck if the miner fee you enter isn’t high enough for any miner to confirm your transaction. Unfortunately, the steps to cancel a Bitcoin transaction are a little more complicated than just pressing an “Undo” button. In this brief guide, I’ll walk you through the process to cancel an unconfirmed  Bitcoin  transaction. Has your transaction been confirmed? The first step in canceling your Bitcoin transaction is to  check whether or not it has any confirmations . When you made your transaction, you should have gotten a  transaction ID  that looks something like this: 240615b6ab59a5adb19ba52cb969aeb16ff82d2082b7a72cb2912c5d38c297cf Take your transaction ID and enter it into a block explorer.  Blockchain.info  is a great option. On the next page, you can see information about you

Cryptocurrency  Bithumb and Korbit, two of the largest cryptocurrency exchanges in the South Korean market, have announced that Kookmin Bank deposits and withdrawals will be disabled by the end of January. Shinhan Bank Will Support Cryptocurrency Exchanges Kookmin Bank, the biggest financial institution in South Korea, has decided not to support cryptocurrency exchanges and provide virtual bank accounts to cryptocurrency investors. On South Korean trading platforms, each investor is provided with a virtual bank account with which they can withdraw and deposit Korean won, without having to directly move funds from and to actual bank accounts. Over the past few weeks, local investors were concerned with the abrupt decision of Kookmin Bank to close down virtual bank accounts launched on South Korean cryptocurrency exchanges. Many traders feared that other banks would follow the decision of Kookmin Bank and simply cut financial links to cryptocurrency exchanges. Earlier this wee

Ripple What is Ripple? Technically speaking, is Ripple a cryptocurrency in the mold of Bitcoin? The short answer is probably “no,” but that doesn’t stop it from often being lumped into that same category. What is Ripple? Originally released in 2012 as a  subsequent  iteration of Ripplepay, Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network. Using a common ledger that is managed by a network of independently validating servers that constantly compare transaction records, Ripple doesn't rely on the energy and computing intensive proof-of-work used by Bitcoin. Ripple is based on a shared public database that makes use of a consensus process between those validating servers to ensure integrity. Those validating servers can belong to anyone, from individuals to banks. The Ripple protocol (token represented as XRP) is meant to enable the near instant and direct transfer of money between two parties. Any type of currency c

Cryptocurrency  The chairman of Korea’s Fair Trade Commission – the economic competition regulator – has blasted efforts to shutter cryptocurrency exchanges before calling on the government to regulate the industry instead. In a radio interview yesterday, FTC chairman Kim Sang-Joo plainly opined it is “not realistically possible” to shut down cryptocurrency exchanges, adding that the law does not permit authorities like the justice ministry to close cryptocurrency exchanges. In quotes reported by JoongAng, Korea’s largest media network, Kim said of the proposed ban in translated statements by  CCN : “[Shutting down cryptocurrency exchanges] is not realistically possible. Based on electronic commerce law, the government does not have the authority to close down cryptocurrency trading platforms.” The official was offering his take on the recent controversial statements by the country’s justice minister Park Sang-ki. In a press briefing a week ago, the lat