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The Korea Times

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Cryptocurrency

Wed, February 1, 2023 | 02:42

Do Kwon's passport to be invalidated

Do Kwon's passport to be invalidated

The passport of Do Kwon, co-founder of scandal-tainted stablecoin developer Terraform Labs, will be invalidated as of Oct. 19, which Korean prosecutors believe will help uncover his whereabouts. Under the order, he will be forced to be deported to his home country as an unauthorized immigrant. Even if Kwon argued that he is not “on the run,” the founder of the Terra stablecoi...

Lee Min-hyung | 2022-10-11 16:04

Dunamu, HYBE set to launch NFT platform via joint venture

Dunamu, HYBE set to launch NFT platform via joint venture

Dunamu and HYBE are set to launch Momentica, a “digital collectibles platform,” through their joint venture Levvels, by the end of this month. Users can buy and sell their digital cards of HYBE's globally popular artists through the online trading platform. They can also store their digital cards safely via the Levvels Blockchain, which is powered by the low-carbon-emission b...

Lee Min-hyung | 2022-10-04 15:42

Dunamu CEO cries foul over politicians' skepticism of cryptocurrencies

Dunamu CEO cries foul over politicians' skepticism of cryptocurrencies

Dunamu CEO Lee Sirgoo urged politicians to reform the current regulations on digital assets in line with international standards, without hesitating to express his concerns over lawmakers and government officials maintaining negative views concerning blockchain and cryptocurrencies.

Park Jae-hyuk | 2022-09-29 13:46

Cryptocurrencies feared to experience longer winter amid Fed's hawkish moves

Cryptocurrencies feared to experience longer winter amid Fed's hawkish moves

Cryptocurrencies are feared to remain in the doldrums even after the end of this year amid the U.S. Federal Reserve's gestures to remain hawkish and for longer than expected. The price of Bitcoin has been trapped in a band of around $20,000 during the past three months without showing any particular signs of a rebound. But earlier hopes were that the crypto winter would not l...

Lee Min-hyung | 2022-09-27 16:48

Hedera eyes more partnerships with Korean banks, tech firms

Hedera eyes more partnerships with Korean banks, tech firms

BUSAN - Hedera Hashgraph, a distributed ledger technology network, will expand its partnerships with Korean tech players and financial firms by leveraging its fixed low costs and decentralized tracking and verification system, Leemon Baird, its inventor and co-CEO of Swirlds Labs, said in an interview. Hedera is a public cryptocurrency network platform for enterprises to crea...

Lee Min-hyung | 2022-09-26 16:20

Interpol red notice issued for wanted founder of Terraform

Interpol red notice issued for wanted founder of Terraform

The International Criminal Police Organization (Interpol) has issued a red notice for Do Kwon, the founder of Terraform Labs accused of fraud following the massive collapse of the firm's cryptocurrencies in May, officials said Monday.

2022-09-26 14:32

Web 3.0, decentralized finance, smart contracts to reshape blockchain

Web 3.0, decentralized finance, smart contracts to reshape blockchain

BUSAN ― The Upbit Developer Conference (UDC) 2022 wrapped up its two-day session, Friday, shedding light on the next mainstream blockchain concept, which industry leaders said will be reshaped under key new trends represented by Web 3.0, decentralized finance and smart contracts. The annual fair was all about the future of blockchain, with leading specialists discussing a det...

Lee Min-hyung | 2022-09-23 16:35

UDC 2022 kicks off in Busan with focus on blockchain

UDC 2022 kicks off in Busan with focus on blockchain

BUSAN - The Upbit Developer Conference (UDC) 2022 started Thursday with great fanfare under the key theme of “Imagine your blockchain life,” bringing together prominent blockchain developers from here and abroad in the nation's largest port city. Leaders and developers from major blockchain network operators - such as Polygon, Solana, TRON and FTX - have appeared at the event...

Lee Min-hyung | 2022-09-22 16:58

Dunamu looks to global NFT market for growth

Dunamu looks to global NFT market for growth

Dunamu looks to global NFT market for growth

BUSAN - Dunamu, the operator of the nation's dominant crypto exchange platform, Upbit, has identified the worldwide non-fungible token (NFT) industry as its next big growth area amid the rise of the “fandom economy,” CEO Lee Sirgoo said, Thursday, on the sidelines of this year's Upbit Developer Conference (UDC) in Busan. “We have tried multiple businesses - such as custody an...

Lee Min-hyung | 2022-09-22 16:50

UDC 2022 kicks off in Busan with focus on blockchain

Dunamu ready to discuss new blockchain paradigm at UDC 2022

Dunamu ready to discuss new blockchain paradigm at UDC 2022

BUSAN ― Dunamu is all set to put on the agenda the next blockchain paradigm during the Upbit Developer Conference (UDC) 2022, which will kick off its two-day run in the nation's southern port city of Busan from Thursday. The annual blockchain conference ― hosted by the operator of Korea's leading cryptocurrency exchange ― is one of the largest of its kind here. Dunamu expects...

Lee Min-hyung | 2022-09-21 14:54

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