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The Korea Times

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The Korea Times

Finance

Cryptocurrency

Thu, February 2, 2023 | 04:57

Investors spooked by abrupt bank run on FTX

Investors spooked by abrupt bank run on FTX

Cryptocurrency investors have been spooked by the ongoing market crash caused by Binance's overnight decision to pull out of a deal to acquire FTX, one of the world's largest crypto exchanges. The abrupt decision came amid escalating concerns over FTX's liquidity crisis after the company halted all crypto withdrawals.

Lee Min-hyung | 2022-11-10 16:18

Dunamu holds forest tending campaign on metaverse platform

Dunamu holds forest tending campaign on metaverse platform

The country's leading blockchain and cryptocurrency exchange operator Dunamu is holding a virtual conservation campaign on its metaverse platform 2nd Block. According to Dunamu, the “forest tending campaign with 2nd Forest,” enables participants to take care of a virtual forest. The campaign, open to anyone through the metaverse, aims at promoting how to properly take care of...

2022-11-09 16:19

BOK completes mock test on digital currency

BOK completes mock test on digital currency

The Bank of Korea (BOK) said Monday it has found some technical "restrictions" standing in the way of the introduction of a central bank digital currency (CBDC) as it has completed a mock test on the feasibility of the new form of money.

2022-11-07 13:54

Upbit introduces independent login system

Upbit introduces independent login system

Upbit, the nation's dominant cryptocurrency exchange, introduced its independent login system, providing users with easier and more secure access, Monday. Upbit users can log in with either a personal identification number or biometric authentication without installing other programs or apps, it said.

Lee Min-hyung | 2022-10-31 16:44

Dunamu's Momentica offers digital collectibles for global fans

Dunamu's Momentica offers digital collectibles for global fans

Digital cards of the seven members of boy band ENHYPEN have become available for global fans to collect for the first time on the Momentica digital collectibles platform. Momentica is operated by Levvels, a joint venture established by Dunamu and HYBE, Korea's leading firms in cryptocurrency and entertainment, respectively. The Los Angeles-based subsidiary focuses on the emer...

Lee Min-hyung | 2022-10-26 16:41

Assembly to bring charges against Korean crypto moguls for absence at audit

Assembly to bring charges against Korean crypto moguls for absence at audit

Lawmakers are moving to bring charges against Korean crypto magnates for not appearing after being summoned as witnesses to the National Assembly's annual audit regarding the recent Luna debacle.

Lee Min-hyung | 2022-10-25 08:45

Do Kwon criticized for declining to confirm whereabouts

Do Kwon criticized for declining to confirm whereabouts

Do Kwon, co-founder of Terraform Labs, is being met with a deluge of criticism for declining to confirm his whereabouts even after making apologies for the recent Luna coin debacle. Earlier, Kwon argued he is not “on the run” or evading investigation by the police, though it has turned out he left Singapore and headed for Dubai in September. He did not enter the United Arab E...

Lee Min-hyung | 2022-10-20 17:12

Dunamu to make leap forward as global platform

Dunamu to make leap forward as global platform

Dunamu, the operator of the nation's largest crypto exchange, Upbit, is accelerating its pace to make a leap forward as a global trading platform. Dunamu set up Levvels, a joint venture with HYBE in the U.S. early this year, driving its efforts to take on the global market on top of the U.S. market. Its metaverse platform, 2nd Block, as well as Upbit NFT, are also getting the...

2022-10-20 17:04

Korbit, Save the Children partner up on NFTs

Korbit, Save the Children partner up on NFTs

Korbit, a Seoul-based cryptocurrency exchange, has partnered with Save the Children Korea to launch a donation campaign involving non-fungible tokens (NTF). Under the memorandum of understanding, the exchange operator will hold a series of campaigns by donating NFTs to the non-profit organization's charitable programs, the nation's first crypto exchange said Wednesday.

Lee Min-hyung | 2022-10-19 16:12

Upbit to introduce new login system after Kakao disruption

Upbit to introduce new login system after Kakao disruption

Upbit, the nation's leading crypto exchange operator, will introduce an independent login system so as to cut its reliance on Kakao, which suffered a data center fire that blocked Upbit users from trading their cryptocurrencies during the weekend.

Lee Min-hyung | 2022-10-18 16:29

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