KoreaTimes - Cryptocurrency

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Cryptocurrency

Wed, October 4, 2023 | 12:46

Korea's largest crypto exchange sold fake assets

Korea's largest crypto exchange sold fake assets

Counterfeit cryptocurrencies were sold as genuine assets on Upbit, Korea's largest crypto exchange. After an internal review, Upbit is now working to bring those back.

2023-09-26 16:55

NK hackers ramp up use of Russian exchanges for crypto laundering: report

NK hackers ramp up use of Russian exchanges for crypto laundering: report

North Korean-linked hacking groups are increasingly using Russian-based exchanges to launder crypto assets, according to cryptocurrency analytics platform Chainalysis.

2023-09-20 14:13

Lukewarm crypto sentiment to pull down exchanges' earnings in 2023

Lukewarm crypto sentiment to pull down exchanges' earnings in 2023

Korea's major crypto exchanges appear likely to continue reporting lukewarm earnings even in the latter half of this year, as fewer investors appear to be betting on an a market recovery occurring anytime soon.

2023-09-05 08:32

Ex-Bithumb research chief takes on new role at think tank

Ex-Bithumb research chief takes on new role at think tank

Lee Mi-seon, a renowned fixed-income market analyst, has taken on a new role as head of research at Hashed Open Research. The think tank is operated by Korea's representative blockchain venture capital firm, Hashed.

2023-09-04 08:23

Ambiguous delisting rule sparks concern across crypto industry

Ambiguous delisting rule sparks concern across crypto industry

Investors are crying foul over an unclear delisting rule on certain cryptocurrencies, as they may end up facing unwanted financial losses when local crypto exchanges make abrupt decisions.

2023-08-30 16:29

Small startups unlikely to win crypto exchange operator licenses

Small startups unlikely to win crypto exchange operator licenses

Small startups with little capital will no longer be able to launch crypto exchanges here, as only those with a reserve fund of at least 3 billion won ($2.27 million) can operate crypto exchanges from September.

2023-08-29 15:35

Dunamu's Upbit D Conference to attract global blockchain gurus

Dunamu's Upbit D Conference to attract global blockchain gurus

Global blockchain experts, including gurus of Ethereum and Solana, will attend the Upbit D Conference (UDC), according to Upbit's operator Dunamu, Tuesday.

2023-08-22 15:32

Crypto exchanges suffer deficits amid prolonged bearish sentiment

Crypto exchanges suffer deficits amid prolonged bearish sentiment

Most Korean crypto exchanges suffered deficits in the second quarter of this year, hit hard by a fall in trading commission revenues amid a prolonged bearish market sentiment.

2023-08-21 16:45

'Parasite' producer, Lambda256 utilize NFT for sustainable movie community

'Parasite' producer, Lambda256 utilize NFT for sustainable movie community

Barunson E&A, the producer of the Oscar-winning film, “Parasite” (2019), is embarking on a fresh journey by building a sustainable movie community ― powered by blockchain and non-fungible tokens (NFT). But the focus is less on generating financial gains or jumping on the once-prevalent NFT hype.

2023-08-18 08:31

Binance faces bumpy road in Korea

Binance faces bumpy road in Korea

Binance, the world's largest crypto exchange, is facing difficulties in its expansion in Korea, as financial authorities have not granted approval for the company's acquisition of the nation's fifth-largest exchange, GOPAX.

2023-08-11 17:40

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