KoreaTimes - Cryptocurrency

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Cryptocurrency

Tue, September 26, 2023 | 02:14

Arrest warrant sought for Terraform Labs co-founder over cryptocurrency collapse

Arrest warrant sought for Terraform Labs co-founder over cryptocurrency collapse

Prosecutors said Wednesday they have sought an arrest warrant for Daniel Shin, co-founder of Terraform Labs, for allegedly gaining illegal profits before the massive collapse of the blockchain firm's cryptocurrencies.

2022-11-30 09:21

Dunamu expands trading restriction to families of executives and staff

Dunamu expands trading restriction to families of executives and staff

Dunamu, the operator of the country's leading cryptocurrency exchange, Upbit, has expanded trading restrictions to family members of its executives and staff as a preemptive measure to enhance ethical management. The decision is drawing attention as the internal control system, which is on par with that of the traditional financial industry, is expected to enhance the overall...

2022-11-29 16:47

Wemade chief faces censure amid stock fall

Wemade chief faces censure amid stock fall

Wemade CEO Chang Hyun-guk came under mounting criticism from investors after the game publisher's stock plummeted in the aftermath of a shocking delisting of its Wemix coin from Korea's four major crypto exchanges. According to data from the Korea Exchange, Wemade shares went on a losing streak on Monday after its price closed with a drop of 29.89 percent on the previous trad...

Lee Min-hyung | 2022-11-28 15:10

Korea's first digital asset bill expected to be passed as early as Dec.

Korea's first digital asset bill expected to be passed as early as Dec.

The parliament is set to deliberate on a bill that stipulates cryptocurrency exchanges' obligations for investor protection as early as later this month, as rival parties share a common understanding about a need to legalize the country's growing digital asset markets.

Anna J. Park | 2022-11-27 16:53

Dunamu's metaverse 2nd Block bridges generation gap

Dunamu's metaverse 2nd Block bridges generation gap

The world is witnessing an infinite expansion through the metaverse, where barriers are being demolished and limitations are disappearing. Once regarded alien and unrealisitc, the metaverse has become an engine of future growth and energy that enriches our lives and enables the search for new possibilities.

2022-11-24 17:02

Dunamu holds ESG management committee meeting

Dunamu holds ESG management committee meeting

Dunamu, the operator of the country's largest cryptocurrency exchange, Upbit, held its first environment, social and corporate governance (ESG) management committee meeting on Monday.

Yoon Ja-young | 2022-11-22 16:21

FTX crash to have limited impact on Korea's financial market: analysts

FTX crash to have limited impact on Korea's financial market: analysts

The collapse of once-renowned global crypto exchange, FTX, is unlikely to deal a severe blow to the overall financial market in Korea, as the crypto market meltdown sparked by the bankruptcy does not have direct links to conventional financial systems, market analysts said. The fallout of FTX's sudden collapse is making headlines here and abroad amid heightened fears of a pos...

Lee Min-hyung | 2022-11-17 16:19

Terraform Labs co-founder Shin questioned over unfair trading charges

Terraform Labs co-founder Shin questioned over unfair trading charges

Prosecutors on Thursday questioned Daniel Shin, co-founder of Terraform Labs, on charges that he gained illegal trading profits before the massive collapse of the blockchain firm's cryptocurrencies.

2022-11-17 14:16

Korbit discloses crypto holdings amid FTX debacle

Korbit discloses crypto holdings amid FTX debacle

Korbit, one of the crypto exchanges in Korea, decided Wednesday to publicly disclose its cryptocurrency holdings, as part of efforts to win back investor confidence in the wake of Bahamas-based crypto exchange FTX's abrupt bankruptcy. Customers can check the details of Korbit's crypto holdings, including the amount and kind of virtual coins as well as its wallet address, acco...

Lee Min-hyung | 2022-11-16 16:50

Dunamu strengthening investor protection by tackling 'information asymmetry'

Dunamu strengthening investor protection by tackling 'information asymmetry'

Dunamu, the operator of the country's largest cryptocurrency exchange Upbit, started tackling the problem of “information asymmetry” in the digital assets market. It includes translating whitepapers and business plans of digital asset industry players as well as offering overseas regulations and administrative orders in the Korean language. Upbit investor protection center, u...

2022-11-16 16:36

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