Cryptocurrency

Close associate of Terraform Labs co-founder returns home after extradition from Montenegro

A close associate of Terraform Labs co-founder Do Kwon arrived in Korea on Tuesday following extradition from Montenegro to face an investigation into the massive crash of the cryptocurrency firm that wiped out nearly 50 trillion won ($37.66 billion) in market value.

Feb 6, 2024

Close associate of Terraform Labs co-founder returns home after extradition from Montenegro

Crypto mogul launches HTX DAO to decentralize crypto exchange

SINGAPORE — When Satoshi Nakamoto first claimed to have created Bitcoin, the world's first cryptocurrency, he emphasized decentralization. Bitcoin operates without a central server or trusted parties, relying on cryptographic proof instead of interpersonal trust.

Feb 4, 2024By Lee Yeon-woo

Crypto mogul launches HTX DAO to decentralize crypto exchange

Merger of Naver, Kakao-issued coins excites investors

The excitement among "kimchi coin" investors is rising as two major coins, issued by Naver and Kakao, respectively, have recently announced a merger to boost their competitiveness in the global market.

Jan 18, 2024By Lee Yeon-woo

Merger of Naver, Kakao-issued coins excites investors

Bitcoin falters after ETF approval

Despite the approval of the much-waited bitcoin exchange-traded funds (ETFs), its value is continuing on a downward trend. This deviates from market expectations that the price would continue to soar due to an influx of institutional investments.

Jan 17, 2024By Lee Yeon-woo

Financial authorities warn of rise in crypto investment scams

A new cryptocurrency scam has become prevalent in the country, with financial authorities calling on investors to remain vigilant against fraudulent activities regarding coin investment.

Jan 15, 2024By Anna J. Park

Financial authorities warn of rise in crypto investment scams

Financial authorities rule out possibility of bitcoin ETFs after US authorization

Financial authorities in Korea will not review the necessity of exchange-traded funds (ETFs) linked to the spot price of bitcoin after the United States' authorization of such ETFs, a senior official said Sunday.

Jan 14, 2024

Financial authorities rule out possibility of bitcoin ETFs after US authorization

Regulator's hesitance over bitcoin ETFs triggers controversy

Despite the considerable anticipation among retail investors, it is unlikely that bitcoin exchange-traded funds (ETFs) will be available for purchase or brokerage in Korea for the foreseeable future. Financial authorities have determined that such actions conflict with the current Capital Market Act.

Jan 12, 2024By Lee Yeon-woo

Regulator's hesitance over bitcoin ETFs triggers controversy

Korean investors upbeat following US approval of bitcoin ETFs

Retail investors in Korea appear to be optimistic about achieving higher profits after a landmark decision by the U.S. securities regulator on bitcoin exchange traded funds (ETFs), Wednesday (local time), which resulted in lowering the barrier between the traditional finance and digital asset industries.

Jan 11, 2024By Yi Whan-woo

Korean investors upbeat following US approval of bitcoin ETFs

Judge sides with US SEC, says Terraform Labs crypto founder Do Kwon violated law

A federal judge ruled on Thursday that cryptocurrency entrepreneur Do Kwon and his company Terraform Labs violated U.S. law by failing to register two digital currencies that collapsed in 2022.

Dec 29, 2023

Judge sides with US SEC, says Terraform Labs crypto founder Do Kwon violated law

IMF chief calls for rules, infrastructure to avoid risks of crypto assets

International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday urged the world to set clear rules and solid infrastructure to avoid the risks of crypto assets, warning that cryptocurrencies could eventually undermine macro-financial stability.

Dec 14, 2023

IMF chief calls for rules, infrastructure to avoid risks of crypto assets

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