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Bitcoin Skyrockets, Yet South Korea Experiences a ‘Kimchi Discount’ Instead of the Usual Premium
27.10.2023
Bitcoin has soared, doubling its value since the start of the year. Yet, intriguingly, the famed “Kimchi premium” in South Korea remains absent in this current surge of bullish activity. This is a notable deviation from previous bull markets, where the phenomenon was prominently...
South Korean Investors Prefer Altcoins to Majors, Tron to Ethereum: DeSpread Research
27.10.2023
Koreans trade differently to the rest of the world, market data shows
Upbit Dominates Korean Crypto Exchange Market With a Market Share of 80%: Research
27.10.2023
Upbit has solidified its position as the dominant player in South Korea‘s crypto exchange market, boasting an impressive market share of 80%. According to recent research by DeSpread, Upbit’s market dominance has remained strong throughout the year, with a brief dip to 70%...
Senior Public Officials in South Korea Declare Crypto Holdings
26.10.2023
Senior public officials in South Korea’s Gyeonggi province have declared their cryptocurrency holdings. The disclosure comes as part of the province’s efforts to ensure transparency among its government employees to avoid conflict of interest. Gyeonggi province announced that it...
Sui token struggles to regain despite denial of 'unfounded' allegations
19.10.2023
The price of the SUI token plummeted after allegations of supply manipulation from regulatory officials in South Korea
South Korean Crypto Exchange Upbit Obtains Regulatory Approval in Singapore
18.10.2023
Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has established itself as a crypto hub. Upbit Singapore...
Korean Giant SK Telecom Releases Crypto Wallet With CryptoQuant as Partner
18.10.2023
The wallet will feature on-chain data analysis tools that may inform users' market decisions
Report: Valr Partnership With Visa to Expand the Reach of the South African Crypto Exchange
18.10.2023
The South African crypto exchange Valr said its partnership with the global card firm Visa is set to expand the former’s reach. The two companies said they would work on a solution that enables Valr customers to use the card firm’s network to make or receive payments. Harnessing Visa’s...
South Korean Regulator to Establish Standards for Issuance and Distribution of Crypto
18.10.2023
South Korea’s Financial Supervisory Service (FSS) is looking to establish comprehensive guidelines for the issuance and distribution of cryptocurrencies to enhance the Virtual Asset Users Protection Act passed earlier this year.
Under this new legislation, authorities are mandated to formulate...
South Korean regulator outlines steps to enhance digital asset legislation
17.10.2023
The Virtual Asset Users Protection Act was passed in June without a sufficient regulatory framework, the head of South Korea’s Financial Supervisory Service said
Sui Foundation Calls Report of Supply Manipulation 'Materially False'
17.10.2023
SUI, the native token of the blockchain that was built by former Meta (META) employees, has tumbled by 5% on Tuesday after the community raised concerns over whether the team had been selling staking rewards on Binance
South Korean ‘Crypto Killers’ May Face Death Penalty
17.10.2023
South Korean prosecutors have requested the death penalty for four suspects in a crypto murder-kidnap case that saw a woman abducted and murdered for her crypto holdings.
The incident took place in the affluent Gangnam District in Seoul in March this year.
The woman is believed to have worked...
Today in Crypto: Jack Dorsey's Block Acquires Music-Centric Startup Hifi, VALR Exchange Partners With Visa, DFINITY Developing Blockchain-based Recycling-focused Tech
16.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Jack Dorsey's Block Acquires Music-Centric Startup Hifi, VALR Exchange Partners With Visa, DFINITY...
Bitcoin Events Announces Crypto Fest 2023: Connecting Crypto and Blockchain Enthusiasts
16.10.2023
PRESS RELEASE. On the 24th of November, attendees from around the world will gather at the luxurious Cabo Beach Club in Cape Town, South Africa, for the highly anticipated Crypto Fest 2023. Crypto Fest has earned its reputation as being one of the most prominent events in the blockchain...
Tax Report Unveils Hundreds of South Korean Crypto Whales
16.10.2023
Data from a new South Korean tax report has revealed details of hundreds of crypto whales with millions of USD worth of coins on overseas crypto exchanges.
New tax rules that came into force this year require crypto holders to declare their holdings on foreign crypto platforms....
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South Korean exchange Upbit gets initial license nod from Singapore
16.10.2023
Upbit Singapore scored initial approval from the country’s central bank and financial regulator for a local crypto license
S Korean Prosecutors to Probe ex-Kakao CEO Over Crypto ‘Embezzlement’ Allegations
13.10.2023
South Korean prosecutors will launch a “full-scale investigation” into the former CEO of the tech powerhouse Kakao over crypto “embezzlement” claims.
Chosun Ilbo reported that the case will be handled by the Seoul Southern District Prosecutors’ Office’s Virtual Asset Crime Joint Investigation...
Report: Australian Police Seize Crypto Worth $1.5 Million From Dark Web Drug Dealer
10.10.2023
The police in the Australian state of South Australia recently seized cryptocurrency worth $1.5 million from an alleged dark web drug dealer. Police also recovered a “large quantity” of the synthetic opioid nitazene as well as tens of thousands of dollars in cash. ‘Illicit...
Brazilian securities regulator plans sandbox for tokenization in 2024
9.10.2023
Daniel Maeda with Brazil's CVM said during Rio Innovation Week the regulator plans to explore a regulatory sandbox for use cases of tokenization potentially starting in 2024
Upbit Deflected 879 Hacking Attempts per Day in First Half of the Year
9.10.2023
The exchange is immensely popular in the country and is known for attracting speculative rallies