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The Korea Times

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Cryptocurrency

Sat, February 4, 2023 | 18:18

Dunamu holds ESG management committee meeting

Dunamu holds ESG management committee meeting

Dunamu, the operator of the country's largest cryptocurrency exchange, Upbit, held its first environment, social and corporate governance (ESG) management committee meeting on Monday.

Yoon Ja-young | 2022-11-22 16:21

FTX crash to have limited impact on Korea's financial market: analysts

FTX crash to have limited impact on Korea's financial market: analysts

The collapse of once-renowned global crypto exchange, FTX, is unlikely to deal a severe blow to the overall financial market in Korea, as the crypto market meltdown sparked by the bankruptcy does not have direct links to conventional financial systems, market analysts said. The fallout of FTX's sudden collapse is making headlines here and abroad amid heightened fears of a pos...

Lee Min-hyung | 2022-11-17 16:19

Terraform Labs co-founder Shin questioned over unfair trading charges

Terraform Labs co-founder Shin questioned over unfair trading charges

Prosecutors on Thursday questioned Daniel Shin, co-founder of Terraform Labs, on charges that he gained illegal trading profits before the massive collapse of the blockchain firm's cryptocurrencies.

2022-11-17 14:16

Korbit discloses crypto holdings amid FTX debacle

Korbit discloses crypto holdings amid FTX debacle

Korbit, one of the crypto exchanges in Korea, decided Wednesday to publicly disclose its cryptocurrency holdings, as part of efforts to win back investor confidence in the wake of Bahamas-based crypto exchange FTX's abrupt bankruptcy. Customers can check the details of Korbit's crypto holdings, including the amount and kind of virtual coins as well as its wallet address, acco...

Lee Min-hyung | 2022-11-16 16:50

Dunamu strengthening investor protection by tackling 'information asymmetry'

Dunamu strengthening investor protection by tackling 'information asymmetry'

Dunamu, the operator of the country's largest cryptocurrency exchange Upbit, started tackling the problem of “information asymmetry” in the digital assets market. It includes translating whitepapers and business plans of digital asset industry players as well as offering overseas regulations and administrative orders in the Korean language. Upbit investor protection center, u...

2022-11-16 16:36

FTX creditors may number over 1 million as regulators seek answers

FTX creditors may number over 1 million as regulators seek answers

Collapsed crypto exchange FTX outlined a "severe liquidity crisis" in U.S. bankruptcy filings, which said the group could have more than 1 million creditors, as regulators opened probes and the crypto pain spread with the Wall Street Journal reporting BlockFi was planning layoffs and a possible bankruptcy filing.

2022-11-16 11:13

FTX's collapse comes as wakeup call for crypto exchanges to reduce commission reliance

FTX's collapse comes as wakeup call for crypto exchanges to reduce commission reliance

The unexpected insolvency of the once-high-profile cryptocurrency exchange, FTX, comes as a wake-up call for its Korean counterparts to reduce their excessive reliance on trading commission profits and diversify their revenue structures. This situation comes amid investors' growing skepticism about the entire industry, after some seemingly undefeatable market players collapse...

Lee Min-hyung | 2022-11-15 15:17

Korean crypto stocks plunge amid FTX bankruptcy

Korean crypto stocks plunge amid FTX bankruptcy

The meltdown of FTX has triggered a chain reaction in Korea's cryptocurrency-linked stocks, which saw their values plummet on the first trading day after one of the world's largest crypto exchanges filed for bankruptcy. Shares of Com2uS, a game developer which listed its C2X token on the exchange in March, suffered a double-digit decline on Monday, dipping to a new eight-year...

Lee Min-hyung | 2022-11-14 16:25

FTX's collapse throws crypto market into chaos

FTX's collapse throws crypto market into chaos

The abrupt collapse of FTX, the world's third-largest crypto exchange, is affecting more than 10,000 retail and corporate investors, leading to major market disruptions. Ever since the company initiated its U.S. bankruptcy processes recently, major cryptocurrencies and FTX's FTT tokens have been on a sharp decline. Bitcoin was priced around $21,000 on Nov. 6, but plunged belo...

Lee Min-hyung | 2022-11-13 16:54

Gov't to ease LTV ratio to 50% for first-home buyers, allow loans for expensive homes

Gov't to ease LTV ratio to 50% for first-home buyers, allow loans for expensive homes

The government said Thursday that first-home buyers will be able to borrow up to 50 percent of the value of a property to secure their loan as collateral, in a bid to prevent the recent downturn in the property market due to the current costly borrowing rate.

Yi Whan-woo | 2022-11-10 16:44

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