Cryptocurrency

Montenegro court confirms crypto entrepreneur Kwon's extradition to Korea

An appeals court in the Balkan country of Montenegro finalized a decision Wednesday to have Do Kwon, the co-founder of the cryptocurrency firm Terraform Labs, be extradited to his home country, Korea.

Mar 21, 2024

Montenegro court confirms crypto entrepreneur Kwon's extradition to Korea

GOPAX risks falling out of Korea's top 5 crypto exchanges

GOPAX, a South Korean cryptocurrency exchange, is on the verge of dropping out of Korea's top 5 crypto exchanges, due to a significant increase in its debt, fueled by the recent surge in the value of major virtual assets that were deposited by investors in the past. If it fails to demonstrate its financial solvency, it may face expulsion, in the worst-case scenario, according to sources Sunday.

Mar 17, 2024By Lee Yeon-woo

GOPAX risks falling out of Korea's top 5 crypto exchanges

Rising 'kimchi premium' fuels Bitcoin frenzy worries in Korea

As the price of the Bitcoin sets new records every day, the fervor among investors in Korea is fueling a notable overheating of the market. Concerns are rising as the soaring demand is pushing up the "kimchi premium," a phenomenon where cryptocurrency in Korea trades above the global rate.

Mar 14, 2024By Lee Yeon-woo

Rising 'kimchi premium' fuels Bitcoin frenzy worries in Korea

Bitcoin rally continues

A customer observes Bitcoin and other cryptocurrency prices displayed on a signboard at Korea’s largest cryptocurrency exchange operator, Upbit, in southern Seoul, Tuesday. Bitcoin continues to rally after topping 100 million won ($76,431) per unit for the first time in Korea, Monday. Yonhap

Mar 12, 2024

Bitcoin tops $76,431 in Korea for 1st time

Bitcoin topped 100 million won ($76,431) per unit for the first time in Korea on Monday, according to a local cryptocurrency exchange.

Mar 11, 2024

Bitcoin tops $76,431 in Korea for 1st time

Korea's bitcoin 'kimchi premium' hits two-year high

Korea's so-called "kimchi premium" on bitcoin prices hit a two-year high this week, a cryptocurrency data firm said, as the virtual token broke records globally.

Mar 8, 2024

Korea's bitcoin 'kimchi premium' hits two-year high

Do Kwon's fate remains uncertain as Korea, US seek his extradition

The fate of Terraform Labs founder Do Kwon remains undetermined, as both Korea and the U.S. seek his extradition to their territories.

Mar 8, 2024By Anna J. Park

Do Kwon's fate remains uncertain as Korea, US seek his extradition

Montenegro court approves cryptocurrency suspect's extradition to Korea

A Montenegrin court on Thursday ruled that cryptocurrency mogul Do Kwon should be handed over to his native South Korea, the latest twist in the months-long legal procedure that followed the arrest of the Terraform Labs founder in the Balkan nation last year.

Mar 8, 2024

Montenegro court approves cryptocurrency suspect's extradition to Korea

Banks remain ambivalent about partnering with crypto exchanges despite market rally

Amid the recent rally in the cryptocurrency market, banks are exhibiting various levels of performance depending on whether they entered into partnerships with cryptocurrency exchanges.

Mar 6, 2024By Anna J. Park

Banks remain ambivalent about partnering with crypto exchanges despite market rally

Montenegro court overturns ruling to extradite crypto entrepreneur Do Kwon to US

An appeals court in the Balkan country of Montenegro has overruled an earlier decision to extradite Do Kwon, the co-founder of the cryptocurrency firm Terraform Labs, to the United States to face fraud charges, the court's website showed Tuesday.

Mar 6, 2024

Montenegro court overturns ruling to extradite crypto entrepreneur Do Kwon to US

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