6 / 11 Relevant items tagged with #SouthKorea

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Terraform co-founder Shin blames protocol for collapse during trial in S. Korea

[Oct 30, 2023 1:24 PM] Daniel Shin claimed he and Do Kwon parted ways before the collapse of the Terra/Luna ecosystem was imminent and that he had nothing to do with it.

South Koreans Fascinated With Altcoins More Than Americans, Research Shows

[Oct 28, 2023 4:30 AM] South Korean crypto traders are more inclined to invest in high-risk, high-reward altcoins than their American counterparts, according to a new report. The share of major cryptocurrencies like bitcoin and ethereum in the trading volumes on the…

Bitcoin Skyrockets, Yet South Korea Experiences a ‘Kimchi Discount’ Instead of the Usual Premium

[Oct 27, 2023 10:30 AM] Bitcoin has soared, doubling its value since the start of the year. Yet, intriguingly, the famed “Kimchi premium” in South Korea remains absent in this current surge of bullish activity. This is a notable deviation from previous bull…

South Korean Investors Prefer Altcoins to Majors, Tron to Ethereum: DeSpread Research

[Oct 27, 2023 3:30 AM] Koreans trade differently to the rest of the world, market data shows.

South Korean Crypto Exchange Upbit Obtains Regulatory Approval in Singapore

[Oct 18, 2023 5:30 AM] Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has…

Korean Giant SK Telecom Releases Crypto Wallet With CryptoQuant as Partner

[Oct 18, 2023 5:11 AM] The wallet will feature on-chain data analysis tools that may inform users' market decisions.

South Korean regulator outlines steps to enhance digital asset legislation

[Oct 17, 2023 2:30 PM] The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said.

Sui Foundation Calls Report of Supply Manipulation 'Materially False'

[Oct 17, 2023 11:58 AM] SUI, the native token of the blockchain that was built by former Meta (META) employees, has tumbled by 5% on Tuesday after the community raised concerns over whether the team had been selling staking rewards on Binance.

Upbit Deflected 879 Hacking Attempts per Day in First Half of the Year

[Oct 9, 2023 5:42 AM] The exchange is immensely popular in the country and is known for attracting speculative rallies.

Bank of Korea to start CBDC infrastructure pilot

[Oct 4, 2023 3:48 AM] The pilot will include private banks and public institutions, while the Bank for International Settlements (BIS) will provide expert technical support.

Bankrupt CeFi firm Haru Invest hints at asset recovery

[Oct 2, 2023 9:07 AM] No specific timeline was given as to when users can receive their money back.

Bitcoin.com Partners With Busan International Film Festival as Major Sponsor

[Sep 30, 2023 11:00 PM] Bitcoin.com, one of the world’s leading cryptocurrency wallet developers and news portals, has partnered with the Busan International Film Festival as a major sponsor. The Busan International Film Festival (BIFF), held annually in South…

Digital Arm of Thailand’s SCBX and Korean Web3 Firm Hashed Ink R&D Partnership

[Sep 26, 2023 6:00 PM] The partnership comes weeks after KBank, rival of SCBX’s parent, announced a $100 million web3 fund.

South Koreans Report Over $98 Billion in Overseas Crypto Assets

[Sep 21, 2023 2:30 AM] South Korean tax payers have declared some 131 trillion won (more than $98 billion) of crypto holdings in overseas accounts this year. The amount was announced by the country’s tax agency and it comes after the authorities in Seoul imposed a…

Busan is developing an Ethereum-compatible mainnet to become a ‘blockchain city’

[Sep 21, 2023 2:12 AM] The city administration behind the project aims to make Busan a blockchain city and has launched a $75-million development plan to realize the goal.

South Koreans Hold $99B of Digital Assets Overseas: Tax Service

[Sep 20, 2023 7:18 AM] The crypto held in overseas accounts for about 70% of all assets held outside the country.

Crypto makes up 70% of South Korea’s reported overseas assets: Tax agency

[Sep 20, 2023 2:19 AM] Over 1,400 individuals and corporations in South Korea have reported holding $98 million in crypto overseas, which is 70% of all reported assets.

South Korea focuses on OTC crypto regulations as unlawful deals reach $4B

[Sep 18, 2023 3:53 AM] According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using virtual currency was estimated to be worth $4 billion last year.

South Korea’s Crypto Ecosystem Shakes Off Terra Debacle, With Gaming Dominating Web3 Activity

[Sep 15, 2023 12:43 AM] Korean banks are gradually dipping their toes in the market, and gaming firms are trying to capitalize in the crypto-frenzied market.

South Korean Bitcoin lender Delio plans to sue regulators: Report

[Sep 14, 2023 5:46 AM] South Korean financial regulators accused Delio of fraud and embezzlement and seized its assets in July earlier this year.

Web3 Doesn’t Care About Bitcoin Prices – And Other Musings From Korea Blockchain Week

[Sep 13, 2023 2:25 AM] A packed venue and hopeful cheers from an estimated 10,000 people attending the many Web3 panels could have made one doubt whether the industry remains in one of the deepest bear markets in its young history.

Crypto Biz: Coinbase’s lending bet, a new ads policy at Google and Marathon’s mining performance

[Sep 8, 2023 3:30 PM] This week’s Crypto Biz explores Coinbase's lending platform, Marathon Digital’s latest Bitcoin mining report, Hana Bank’s move to offer crypto custody and Google’s new crypto ads policy.

$500B Korean Asset Manager Taps Polygon Labs to Develop Tokenized Securities Network

[Sep 7, 2023 12:39 AM] Mirae Asset Management teams up with Ethereum scaling solution Polygon Labs to develop a tokenized securities network and accelerate adopt of Web3 technologies.

South Korea Seeks to Freeze North’s Crypto Assets Under New Law

[Sep 6, 2023 1:30 AM] The government in Seoul intends to submit new legislation tailored to facilitate the tracking and freezing of crypto used to fund the weapons programs of North Korea. A bill has been drafted after extended consultations between ministries with the…

BitGo Signs Strategic Agreement With Korean Heavyweight Hana Bank

[Sep 5, 2023 4:01 AM] The Californian company will develop custody services and security solutions, local media reported.

South Korean Hana Bank enters crypto custody business with BitGo

[Sep 5, 2023 2:55 AM] KEB Hana Bank and BitGo plan to launch a joint cryptocurrency custody venture in the second half of 2024.

South Korean parliament rejects motion to expel lawmaker over crypto scandal

[Aug 30, 2023 4:22 AM] South Korean lawmaker and Wemix investor Kim Nam-kuk will stay in the parliament after a 3–3 vote in the expulsion motion.

Naver Corp unveils South Korea's answer to ChatGPT and generative AI

[Aug 23, 2023 11:49 PM] South Korean internet giant Naver Corp. has released CLOVA X, a Korean language chatbot similar to ChatGPT that can have conversations and summarize text.

GenZ in South Korea prefer XRP and other altcoins to BTC and ETH: Report

[Aug 23, 2023 7:28 AM] A report from a local South Korean publication found that 20% of GenZ investors in the country have XRP as their most selected altcoin.

South Korean city to seize crypto from thousands of tax evaders: Report

[Aug 22, 2023 2:38 AM] City authorities of Cheongju are looking to seize cryptocurrency from anyone who owes at least $750 in crypto taxes to the government.