KoreaTimes - Cryptocurrency

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Cryptocurrency

Fri, December 8, 2023 | 14:49

Can Bithumb's no-fee policy be game changer in crypto market?

Can Bithumb's no-fee policy be game changer in crypto market?

Korea's cryptocurrency exchange Bithumb has taken the unprecedented step among the nation's top exchanges to waive all transaction fees. This strategic move is viewed as Bithumb's attempt to significantly increase its market share in a domestic landscape largely dominated by Upbit.

2023-10-06 16:53

Sharp rise detected in illegal forex transactions via cryptocurrency purchases

Sharp rise detected in illegal forex transactions via cryptocurrency purchases

More than 10 trillion won ($7.4 billion) has been channeled into illegal foreign exchange transactions over the past five years amid rising public interest in cryptocurrency transactions. Capitalizing on the price discrepancy between the domestic and foreign markets, individuals were found to have purchased cryptocurrencies from overseas markets and resold them in the domesti...

2023-10-05 16:55

Bank of Korea takes first step to adopt centralized digital currency

Bank of Korea takes first step to adopt centralized digital currency

The Bank of Korea (BOK) announced its first move toward adopting a central bank digital currency (CBDC). A CBDC is a new form of digital money issued by a central bank.

2023-10-04 15:59

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.

Lee Yeon-woo | 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.

Lee Min-hyung | 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.

Lee Min-hyung | 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.

Lee Min-hyung | 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.

Lee Min-hyung | 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.

Yoon Ja-young2023-08-22 15:32

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