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Upbit Emerges as South Korea’s Dominant Crypto Exchange with an 80% Market Share
25.4.2024
Upbit, a Seoul-based exchange located in the upscale Gangnam district, has captured the majority of the Korean crypto market.
The post Upbit Emerges as South Korea’s Dominant Crypto Exchange with an 80% Market Share appeared first on Cryptonews
Post Bitcoin Halving Miners See Temporarily Higher Fees: CryptoQuant
25.4.2024
Since the fourth Bitcoin halving took place resulting in Bitcoin issuance dropping from 900 to 450 per day miners have seen daily revenue hit a record high of over $100 million, said CryptoQuant the on-chain data analytics firm based in South Korea.
The post Post Bitcoin Halving Miners...
South Korea: Are Busan’s Digital Asset Exchange Plans in Jeopardy?
25.4.2024
The South Korean city of Busan’s plans to launch a city-run, blockchain-powered digital assets exchange may be in peril, a report claimed on April 24.
The post South Korea: Are Busan’s Digital Asset Exchange Plans in Jeopardy? appeared first on Cryptonews
South Korean Police Arrest 49 in Crypto-powered Drug Trading Bust
24.4.2024
South Korean police have arrested 49 people in a raid on a suspected crypto-powered drugs trading gang, officers announced on April 23.
The post South Korean Police Arrest 49 in Crypto-powered Drug Trading Bust appeared first on Cryptonews
Crypto.com Postpones South Korea Launch After Reports of Money Laundering Probe
23.4.2024
The firm maintains the "highest" anti-money laundering standards in the industry, it said in a statement to CoinDesk
Coin Gate Scandal Lawmaker ‘to Rejoin South Korea’s Biggest Political Party’
23.4.2024
The lawmaker at the center of South Korea’s “Coin Gate” scandal is set to return to the Democratic Party, the National Assembly’s biggest political party.
The post Coin Gate Scandal Lawmaker ‘to Rejoin South Korea’s Biggest Political Party’ appeared first on Cryptonews
South Korean Inmate on Funeral Leave Robs Crypto Buyer of $363,000
18.4.2024
Local sources have reported that a South Korean inmate, temporarily released to attend a funeral, exploited a cryptocurrency over-the-counter (OTC) deal to rob another individual. He enticed the buyer by offering to sell the digital assets at a rate below the prevailing market value and stole...
Escaped South Korean Criminal Suspect ‘Used Weapon to Rob OTC Crypto Buyer’
18.4.2024
An escaped South Korean criminal suspect reportedly stole almost $362,000 worth of cash in an armed robbery on an OTC crypto buyer.
The post Escaped South Korean Criminal Suspect ‘Used Weapon to Rob OTC Crypto Buyer’ appeared first on Cryptonews
Upbit Halts Transactions Over 1 Million KRW Following Changes to VASP – Here’s the Latest
17.4.2024
Upbit has announced the suspension of processing deposits and withdrawals exceeding 1 million Korean won due to the recent suspension of Ten&Ten's Travel Rule Solution service.
The post Upbit Halts Transactions Over 1 Million KRW Following Changes to VASP – Here’s the Latest appeared...
South Korean Won Saw $456B in Crypto Trades in Q1, Overtaking US Dollar
17.4.2024
The South Korean won has emerged as the leading fiat currency for cryptocurrency trading, overtaking the US dollar in the first quarter of 2024.
The post South Korean Won Saw $456B in Crypto Trades in Q1, Overtaking US Dollar appeared first on Cryptonews
South Korean Central Bank to ‘Speed up’ CBDC Project
17.4.2024
The South Korean Central Bank is set to “speed up” its CBDC project, and will pilot its digital KRW with a group of 100,000 citizens later this year.
The post South Korean Central Bank to ‘Speed up’ CBDC Project appeared first on Cryptonews
South Korean Police Raid Winnerz Offices Over ‘Scam Coin’ Allegations
17.4.2024
South Korean police raided the offices of the sports-themed blockchain platform Winnerz as part of a probe into claims its WNZ token is a “scam coin.”
The post South Korean Police Raid Winnerz Offices Over ‘Scam Coin’ Allegations appeared first on Cryptonews
South Korea may launch Bitcoin ETFs early
16.4.2024
Bitcoin ETF has already marked a pivotal moment in the US, with the Securities & Exchange Commission approving eleven applications effective January 11, 2024. Hong Kong could be the next to launch a Bitcoin ETF. South Korea is on the list too, except it is now considering making an early move...
South Korean ‘Crypto Tax Crackdown’ Moves to Another City
16.4.2024
The South Korean “crypto tax crackdown” continues its nationwide tour, moving on to the city of Yeongcheon in North Gyeongsang Province.
The post South Korean ‘Crypto Tax Crackdown’ Moves to Another City appeared first on Cryptonews
South Koreans Lose Faith in State Pensions, Turn to Crypto and Stocks – Survey
16.4.2024
Most young South Koreans are losing faith in the national pension system, a new survey has found – with many stating they see crypto and stocks as a better alternative.
The post South Koreans Lose Faith in State Pensions, Turn to Crypto and Stocks – Survey appeared first on Cryptonews
Gopax Reports Reduced Net Loss of $37 Million After Binance Acquisition
12.4.2024
Gopax, a prominent South Korean cryptocurrency exchange backed by Binance, disclosed a net loss of 51.3 billion Korean won ($37 million) for the fiscal year 2023.
The post Gopax Reports Reduced Net Loss of $37 Million After Binance Acquisition appeared first on Cryptonews
Where South Korea’s Democratic Party and People Power Party Stand on Crypto Policies
10.4.2024
South Korea’s elections take place today and the outcome of who comes out tops will play a crucial role in influencing the regulatory environment for cryptocurrencies.
The post Where South Korea’s Democratic Party and People Power Party Stand on Crypto Policies appeared first on Cryptonews
South Korean Regulators Want to Stop Traders Dumping Stolen Coins on Domestic Exchanges
10.4.2024
South Korean regulators want to block traders from dumping stolen coins on the country’s crypto exchanges.
The post South Korean Regulators Want to Stop Traders Dumping Stolen Coins on Domestic Exchanges appeared first on Cryptonews
South Korean Election: How Will 6 Million Crypto Traders Vote?
10.4.2024
South Korean election results could hinge on the voting intentions of the country’s six million crypto traders, reports claimed April 9.
The post South Korean Election: How Will 6 Million Crypto Traders Vote? appeared first on Cryptonews
South Korea’s April 10 Election: What’s at Stake for the Crypto Universe
9.4.2024
On April 10, 2024, South Korea is heading into its legislative polls which will see multiple parties and coalitions battle it out for 300 seats in the national assembly and political analysts say it will be difficult for either party to get a majority, making any group of voters, including crypto...