Economy - The Korea Times

How high will Bitcoin soar?

After Donald Trump's victory in the U.S. presidential election, the crypto market has been setting new record highs daily.

Nov 11, 2024By Lee Yeon-woo

Bitcoin surges to record high on Trump bets

Bitcoin soared to record high of over $81,000 on Monday as Donald Trump's victory in the U.S. presidential election along with pro-crypto candidates being voted to the Congress spurred expectations of a light-handed regulatory environment.

Nov 11, 2024By Reuters

Bitcoin surges to record high on Trump bets

How Trump's victory could affect Korea's crypto landscape

The U.S. will ramp up crypto-friendly policies under Donald Trump, which may soon pressure Korea to accelerate its own regulatory reforms to remain competitive in the fast-evolving virtual asset space, according to market insiders, Wednesday.

Nov 7, 2024By Lee Yeon-woo

How Trump's victory could affect Korea's crypto landscape

Trump expected to use economic leverage to enhance US influence on Korean firms

Bitcoin leaps to record high as traders lean towards Trump victory

Bitcoin surged to a record high in Asian trade as investors leaned towards Donald Trump winning the U.S. presidential election.

Nov 6, 2024By Reuters

Bitcoin leaps to record high as traders lean towards Trump victory

Bitcoin surges, experts project further increases

Bitcoin, the world’s leading cryptocurrency, has been steadily trading at around 100 million won ($72,500). Experts anticipate that the recent influx of capital into spot Bitcoin exchange-traded funds (ETFs) will fuel further price increases.

Oct 31, 2024By Jun Ji-hye

Bitcoin surges, experts project further increases

Korea to mandate reporting cross-border stablecoin transfers to curb financial crimes

Korea will mandate the reporting of cross-border stablecoin transactions by late next year, Finance Minister Choi Sang-mok said Friday, aiming to prevent illicit activities such as tax evasion.

Oct 25, 2024By Lee Yeon-woo

Korea to mandate reporting cross-border stablecoin transfers to curb financial crimes

Virtual asset exchange shutdowns result in over $12.8 mil. in customer investment losses

Multiple virtual asset exchanges shut down with the enforcement of the Virtual Asset User Protection Act this year, leaving behind 17.8 billion won ($12.8 million) in investment assets for customers to reclaim.

Oct 24, 2024By Lee Yeon-woo

Virtual asset exchange shutdowns result in over $12.8 mil. in customer investment losses

Bithumb moves fast to expand market share

Cryptocurrency exchange Bithumb is aggressively pursuing partnership marketing following its zero-fee policy, implemented on Oct. 1, in an effort to increase the number of new users.

Oct 23, 2024By Jun Ji-hye

Bithumb moves fast to expand market share

Pioneering Korean women embrace Web3 opportunities

Every morning at 6 a.m., Lee Hyun-jeong, known as LJ at Aptos Labs, logs onto a virtual meeting with her U.S. colleagues to kick off her workday. By 9 a.m., she heads to the gym and runs personal errands for about an hour. After lunch, she resumes work with her Korean partners until the early evening, spending time with her children for dinner and bedtime. Later, she finishes more work and goes to bed around midnight.

Oct 19, 2024By Lee Yeon-woo

Pioneering Korean women embrace Web3 opportunities

Bitcoin trades at discount in Korea despite global rebound

In spite of a global rebound, Bitcoin is trading slightly lower in Korea, creating a reverse "kimchi premium." Analysts attribute this discrepancy to relatively higher demand for virtual assets in foreign exchanges, coupled with subdued investor sentiment in the Korean market.

Oct 17, 2024By Lee Yeon-woo

Cryptocurrency