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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

INTERVIEW Crypto journalist Laura Shin says it all started with Ethereum

When Laura Shin began her journalism career at Newsweek in the late 1990s, it was considered one of the most prestigious places to work. Back then, news consumption was not yet online, but the magazine's influence grew notably after online media broke the Monica Lewinsky story. Despite this prominence, Newsweek was sold for just a dollar in 2010.

Aug 26, 2024By Lee Yeon-woo
[INTERVIEW] Crypto journalist Laura Shin says it all started with Ethereum

Blockchain startup Story Protocol protects creators from AI scraping

PIP Labs, the developer behind the blockchain startup Story Protocol, vowed Thursday to help creators protect their intellectual property (IP) and generate sustainable revenue amid an increasing prevalence of AI-driven copyright theft.

Aug 22, 2024By Lee Yeon-woo
Blockchain startup Story Protocol protects creators from AI scraping

Crypto exchanges' profits slashed in half as Bitcoin prices fall

Earnings of major cryptocurrency exchanges have dropped by half in just three months. In contrast to the first quarter, which saw record-breaking results driven by a sharp rise in Bitcoin prices, the recent decline in asset prices has led to a significant decrease in overall trading volume.

Aug 15, 2024By Lee Yeon-woo
Crypto exchanges' profits slashed in half as Bitcoin prices fall

Is Korea becoming playground for cross-border coin speculation?

Concerns are growing that Korea has become a playground for cross-border speculators in the cryptocurrency market. Last month, fluctuations in the value of the altcoin Avail on Bithumb raised suspicions of possible borrowed-name transactions by foreigners and price manipulation.

Aug 13, 2024By Jun Ji-hye
Is Korea becoming playground for cross-border coin speculation?
  • Suspicious transactions of virtual assets spike nearly 49% in 2023
  • Market cap of virtual assets in Korea jumps 53% in 2nd half of last year
  • Upbit, Bithumb solidify leadership in market with impressive Q1 earnings

Montenegrin court postpones extradition of crypto mogul Kwon to Korea

Montenegro's highest court on Thursday postponed an earlier decision on the extradition of Korean crypto entrepreneur Do Kwon to his home country in connection with a massive cryptocurrency crash.

Aug 9, 2024By Yonhap
Montenegrin court postpones extradition of crypto mogul Kwon to Korea

Virtual asset-related fraud targeting older adults on rise

Special police officers at the Seoul Metropolitan Government warned of an increase in virtual asset-related fraud Monday, highlighting that crimes targeting older adults and homemakers have surged. These groups are particularly vulnerable due to their limited knowledge of virtual assets.

Aug 6, 2024By Jun Ji-hye
Virtual asset-related fraud targeting older adults on rise
  • Over 4,000 people have fallen victim to jeonse frauds this year: police data
  • Top court seeks new sentencing guidelines on voice phishing, insurance fraud
  • FSS, police uncover organized insurance fraud ring
  • Insurance fraud rises for 5th straight year due to lax punishments

Panic selling hits virtual asset market

The virtual asset market in Korea saw a significant fall along with the stock market on Monday, with Bitcoin even plummeting to as low as the $50,000 level during trading. This decline wiped out the gains made over the past five months.

Aug 5, 2024By Lee Yeon-woo
Panic selling hits virtual asset market

Do Kwon's extradition to Korea is not welcomed, even by Koreans

After months of back and forth, the appellate court of Montenegro upheld the lower court's decisions to extradite Do Kwon to Korea, Thursday (local time). The rising possibility of Kwon facing legal penalties at his birth nation has led to significant disappointment among victims and crypto investors, even in Korea.

Aug 2, 2024By Lee Yeon-woo
Do Kwon's extradition to Korea is not welcomed, even by Koreans

New virtual asset law sparks crypto exchange rate war

Major virtual asset exchanges in Korea have set deposit interest rates at around 2 percent in response to the implementation of the Virtual Asset User Protection Act. Intense competition has emerged among these exchanges as they vie to attract customers with more attractive rates.

Jul 22, 2024By Lee Yeon-woo
New virtual asset law sparks crypto exchange rate war
  • Public-private committee dedicated to virtual assets to be launched this month

Financial regulator nominee cautious about corporate accounts for crypto assets

The nominee to head the Financial Services Commission (FSC) said Monday that he is cautious about allowing corporations to hold bank accounts for transactions of cryptocurrencies.

Jul 22, 2024By Yonhap
Financial regulator nominee cautious about corporate accounts for crypto assets
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