1 / 11 Relevant items tagged with #SouthKorea

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Aptos co-founder and CEO Mo Shaikh steps down to ‘start new chapter’

[Dec 20 12:13 AM] Mo Shaikh, who co-founded the firm in 2021 alongside Avery Ching said he would stay on board at Aptos Labs as a strategic adviser.

South Korean prosecutors seek 6 months for lawmaker who allegedly hid crypto

[Dec 18 5:10 PM] National Assembly member Kim Nam-kuk left South Korea’s Democratic Party in 2023 after allegations of cashing out $4 million in crypto holdings.

Martial law causes Bitcoin crash to $65K in South Korea — Here’s why

[Dec 4 12:44 PM] One analyst said South Korea’s limiting of the market to a few players helped cause a sudden decrease in liquidity.

Bitcoin bottom at $94K? BTC traders regroup after 'Kimchi premium' flash crash

[Dec 4 11:26 AM] BTC price performance is slowly making market observers more bullish on Bitcoin on short timeframes.

Bitcoin range consolidation a ‘healthy next step’ before BTC attempt at $100K

[Dec 4 1:00 AM] Bitcoin price cooled off at the start of December, but several bullish catalysts support investors' belief that $100,000 BTC is around the corner.

Martial Law Declared in South Korea Sparks Crypto Market Chaos

[Dec 3 4:26 PM] South Korea’s recent declaration of martial law has roiled global cryptocurrency markets, sending shockwaves through trading activity and triggering significant price volatility. South Korea’s Martial Law Sends Bitcoin Reeling…

BTC/KRW pair dipped 30% as South Korea’s president declared martial law

[Dec 3 3:26 PM] In response to the martial law declaration, opposition Democratic Party leader Lee Jae-myung expressed concern that the military would arrest members of South Korea’s parliament.

South Korea’s Democratic Party agrees to delay crypto tax by 2 years

[Dec 1 7:46 AM] South Korea’s Democratic Party previously pushed back against another delay, saying it was a political trick by the ruling party.

South Korea confirms North Korea behind $50M Upbit hack

[Nov 21 7:32 AM] South Korea said North Korean hackers Lazarus and Andariel were behind the $50 million Upbit hack in 2019, with the stolen crypto now valued at over $1 billion.

Dogecoin, XRP Trading Volumes Flip Bitcoin’s in South Korea

[Nov 20 8:46 AM] South Korean traders are known for pushing euphoric rallies on tokens, contributing to buying pressure and possibly influencing prices.

South Korea probes Upbit for 600K KYC violations

[Nov 15 9:11 AM] Due to the alleged KYC violations, Upbit reportedly faces fines of $71,500 per case in addition to possible issues with its business license renewal.

Fireblocks partners with South Korean bank on VAT tokenization 

[Nov 13 9:39 PM] Fireblocks extends its services with the tokenization of tax refunds through NongHyup Bank.

South Korean Police Arrest 215 in Suspected $232M Crypto Investment Scam Investigation: Yonhap

[Nov 13 9:07 AM] The scheme promised 20x returns through investing in tokens that in reality had little value.

Dogecoin Craze Grips Korea, Fuels Price Premium on Local Giants Upbit and Bithumb

[Nov 13 7:00 AM] DOGE's price has surged 78% since Trump's election win a week ago.

Bitcoin Premium in South Korea Rises: A Bullish Signal or Just Regional Dynamics?

[Nov 4 12:10 AM] Although bitcoin dipped below $70,000 earlier this week, South Korean markets still show a notable premium. On Oct. 24, the premium climbed as high as 2.21%, with today’s rate only slightly lower. South Korea’s Bitcoin Premium Bounces…

Korea to Regulate Crypto Cross-Border Trade Next Year

[Oct 26 3:30 AM] On Friday, South Korea’s finance ministry announced plans to regulate cross-border transactions of virtual assets, including cryptocurrency, starting in the second half of 2025. The new regulations will mandate that businesses engaged in…

South Korea to ramp up oversight of cross-border crypto transactions: Report

[Oct 25 5:42 AM] South Korea’s finance minister, Choi Sang-Mok, said the country will introduce reporting mandates on cross-border crypto transactions to combat foreign exchange crime.

Montenegro halts Do Kwon’s extradition again ahead of appeal ruling

[Oct 18 8:06 PM] Do Kwon’s extradition has been delayed again, to the surprise of the Justice Ministry.

Bitcoin Trades Below Global Prices In South Korea, Erasing Long-Standing ‘Kimchi Premium’ – Here’s Why

[Oct 18 2:00 AM] Bitcoin (BTC) is trading slightly lower in South Korea compared to the global cryptocurrency markets due to a reverse ‘kimchi premium,’ not seen since October 2023. Reverse ‘Kimchi Premium’ Makes Bitcoin Cheaper In South Korea According to a repor

South Korean Upbit crypto exchange faces monopoly probe

[Oct 10 12:43 PM] South Korea’s FSC will reportedly investigate Upbit’s relationship with its bank partner K-Bank before the latter’s IPO, which is expected in late October.

South Korean Lawmakers Call for Full Investigation Into KOK Token Crash

[Oct 10 8:30 AM] Two South Korean lawmakers have called for a full investigation into the KOK token after its value collapsed to almost zero. Victims have accused Korea’s largest newspaper of promoting the scam, sparking concerns about its role. The alleged…

Compass Mining Partners With Mindshift to Expand Bitcoin Mining in South Korea

[Oct 9 8:30 PM] Compass Mining has announced a partnership with Mindshift, a licensed digital asset service provider in South Korea, to extend bitcoin mining services to the region. The collaboration aims to address challenges like high electricity costs while…

South Korea plans to regulate cross-border stablecoin transactions

[Oct 8 1:30 PM] South Korea’s Financial Services Commission plans to consult with other jurisdictions, including Japan and the EU, on stablecoin rules.   

Korean Exchange Bithumb Eyes Nasdaq Listing After Shelving KOSDAQ IPO Plans

[Oct 1 8:30 AM] Bithumb, one of South Korea’s largest cryptocurrency exchanges, is considering a listing on the U.S. Nasdaq exchange after shelving its initial plans for an IPO on the South Korean KOSDAQ market. The decision was discussed during a shareholder…

Bitcoin Price in South Korea Sees Largest Discount Since October 2023

[Sep 30 7:45 PM] According to recent data, the premium for bitcoin in South Korea briefly turned into a discount last week, a rarity since October 2023. While the premium quickly bounced back, it’s still hovering just below 1%. Bitcoin Sees Steep Discount in…

Crypto Exchange Bithumb Weighs U.S. Nasdaq Listing: Report

[Sep 30 10:30 AM] Late last year, the South Korean cryptocurrency exchange was reported to be considering listing its shares on Kosdaq.

Worldcoin and Tools for Humanity Fined in South Korea

[Sep 27 8:30 AM] Worldcoin, the biometric identification project, and its parent company, Tools For Humanity (TFH), have been fined by the Personal Information Protection Commission (PIPC), South Korea’s data protection agency, for violating the Personal…

South Korea fines Worldcoin for violating personal protection laws

[Sep 26 12:15 PM] Despite the regulatory hurdles, the project’s WLD token surged 35% this week, from $1.60 on Sept. 19 to $2.16 on Sept. 26.

South Korean foundation to recover funds from defunct crypto exchanges

[Sep 25 4:53 PM] The Digital Asset User Protection Foundation will be set up by the DAXA self-regulatory organization and receive support from financial authorities.

Bitcoin's South Korea Discount Hits Highest Since October 2023

[Sep 25 11:07 AM] The bitcoin price discount on Korean exchanges relative to offshore venues is the steepest since October 2023, according to CryptoQuant.