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Bithumb CEO Predicts Only Four to Seven South Korean Crypto Exchanges Will Survive New Rules
20.1.2021
The CEO of the South Korean cryptocurrency exchange Bithumb has made some predictions regarding the upcoming new rules governing the national industry. In fact, the executive believes there will only be between four and seven exchanges surviving the new regulation. Smaller Companies Unlikely...
South Korea’s Dunamu Launches Bitcoin ‘Fear and Greed’ Index to Guide Traders
19.1.2021
The tool is aimed to help traders make better decisions based on market sentiment
Huobi Korea scores certification from Korea Internet and Security Agency
18.1.2021
The South Korean arm of global crypto giant Huobi has acquired an ISMS certification to comply with the upcoming Special Payment Act
K-Pop Sensation Mamamoo to Mint Digital Collectibles on Polkadot
16.1.2021
The popular K-Pop girl band's parent company RBW is now selling its singers' digital products on the blockchain
CEO Sentenced to 18-Month Jail Term for Accepting Bitcoin Bribes to List a Cryptocurrency
15.1.2021
A South Korean court has sentenced the former CEO of the defunct crypto exchange Coinnest to 18 months in prison. The court also fined him over $61,000, who also was charged for fraud in 2020. Prosecutors Accused Coinnest Executives of Receiving 110 BTC in Bribes According to Fn News, the Supreme...
South Korea’s tourist hotspot launches DLT-based app tracing COVID-19
14.1.2021
Jeju Island and blockchain company Iconloop are proceeding with a full rollout of their COVID-19 contact tracing app following successful pilots
Korea’s Shinhan Bank makes strategic investment in crypto custody consortium
11.1.2021
South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit
South Korean gaming conglomerate Nexon denies plans to acquire Bithumb
11.1.2021
Reports last week had claimed that Nexon was poised to acquire the exchange at an evaluated price of roughly $460 million
Major South Korean Bank Shinhan Is Set to Offer Crypto Custody-Related Services
9.1.2021
A major commercial bank in South Korea is entering the crypto business by allocating an equity investment in the Korea Digital Asset Trust (KDAC). Shinhan Bank is looking to offer digital asset custody services. Bank Expects to Offer Tech Capabilities to Face Defi-Related Hacking Risks According...
South Korean Government to Start Taxing Crypto Trading Profits in 2022
8.1.2021
The South Korean government has issued an amendment to introduce tax on cryptocurrency trading profits. The plan is now a reality after several attempts to delay it by lawmakers. New Rules Impose 20% Tax on Crypto Profits Per Asia Today, the legislative notice details that the amendment will...
South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million
8.1.2021
Nexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal worth about 500 billion won ($460 million). ● According to local media reports, Nexon is to buy all the shares owned by Bithumb chairman...
South Korea to introduce a 20% tax on crypto trading profits in 2023
7.1.2021
After several delays, the South Korean government is going ahead with a plan to tax cryptocurrency holders
South Korea’s 20% Crypto Tax Now Coming in 2023: Report
7.1.2021
The cryptocurrency tax was originally planned to be implemented in late 2021
Report: Major gaming conglomerate Nixon prepares to acquire Bithumb
7.1.2021
South Korean media has reported that Nexon, a multi-billion dollar conglomerate led by CEO Kim Seong-Ju, plans to acquire the country's largest cryptocurrency exchange
South Korean Politicians Won’t Be Required to Disclose Their Crypto Holdings After Proposals Failed to Pass the National Assembly
6.1.2021
South Korean politicians won’t be required to disclose their crypto holdings or crypto-related earnings as no fewer than three cryptocurrency-related bills failed to pass the National Assembly. Proposal Submitted in November 2020 According to the Electronic Times, the bills aimed to require...
First Mover: Bitcoin Hits Record as `Blue Wave’ and `Kimchi Premium’ Look Bullish
6.1.2021
Bitcoin surges above $35K for first time with U.S. Democrats poised to take full control of government and 'Kimchi premium' back in force
Bitcoin Retail FOMO Brings a Heap of ‘Kimchi Premium’ to S. Korea
5.1.2021
Bitcoin's price premiums on South Korean exchanges have returned amid the latest bitcoin bull market
Production of $2.7 Million-per-Episode: South Korean Crypto-Related TV Drama Series Is Set to Start in 2021
31.12.2020
A major South Korean TV series with crypto and blockchain-related topics is set to launch its production stage at the beginning of 2021, directed by Gemstone Film, in collaboration with firms in China and the United States. South Korean Crypto-Related TV Drama Series ‘Pumping Time’...
2020’s 5 countries friendliest to crypto and blockchain
30.12.2020
These five countries have led the way in driving cryptocurrency and blockchain adoption in 2020
Binance to Exit South Korea, MoneyGram on Ripple + More News
24.12.2020
Source: Adobe/Negro Elkha (edited by Cryptonews.com)
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Binance is to shut down its South Korean operations with almost immediate...