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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.

Will Bitcoin continue to soar?

Bitcoin surpassed a year-to-date high of 67 million won ($50,000), propelled by the New Year rally effect, market watchers said Tuesday. It is the first time in 26 months since the figure exceeded the $50,000 mark set back in December 2021.

Feb 13, 2024By Lee Kyung-min
Will Bitcoin continue to soar?

Korea to expel unfit cryptocurrency exchanges

Starting this year, cryptocurrency exchanges that are deemed unsuitable, due to failing to meet stringent standards, will be expelled from the marketplace, as financial authorities plan to strengthen scrutiny and inspection of them, the Korea Financial Intelligence Unit (KoFIU) said Monday.

Feb 12, 2024By Anna J. Park
Korea to expel unfit cryptocurrency exchanges

Binance to sell off GOPAX after yearlong regulatory standstill

Binance, the top global cryptocurrency exchange by trading volume, is moving to sell off its stakes in Streami, the operator of GOPAX, one of the top five cryptocurrency exchanges in Korea, according to market watchers, Wednesday.

Feb 7, 2024By Lee Kyung-min
Binance to sell off GOPAX after yearlong regulatory standstill

Punishment for cryptocurrency crimes to include life imprisonment

Starting in the second half of this year, crimes related to digital assets such as price manipulation, insider trading and unfair trading practices will be prohibited, as the country's first law on protecting digital asset investors will take effect on July 19. Individuals involved in such illegalities can face a maximum penalty of life imprisonment, if they are found guilty of pocketing a wrongful gain of over 5 billion won ($3.7 million).

Feb 7, 2024By Anna J. Park
Punishment for cryptocurrency crimes to include life imprisonment

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
Bitcoin falters after ETF approval

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
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