KoreaTimes - Cryptocurrency

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Cryptocurrency

Thu, March 23, 2023 | 10:44

Bithumb's de facto owner acquitted of fraud

Bithumb's de facto owner acquitted of fraud

The de facto owner of the operator of Korea's largest cryptocurrency exchange Bithumb was acquitted Tuesday on charges of defrauding a businessman.

2023-01-03 17:17

Crypto rebound unlikely in early 2023: analysts

Crypto rebound unlikely in early 2023: analysts

The cryptocurrency market is unlikely to achieve a major rebound at least until early 2023, as global monetary authorities will maintain a tight monetary stance for months to come, analysts said. The forecast came amid a prolonged liquidity crisis, which the industry has been facing for the past year, after the U.S. Federal Reserve and other major central monetary authorities...

Lee Min-hyung | 2022-12-31 09:17

Deceased Nexon founder's cryptocurrency account hacked

Deceased Nexon founder's cryptocurrency account hacked

The cryptocurrency account of Kim Jung-ju, the deceased founder of gaming giant Nexon, was hacked, resulting in the loss of more than 8.5 billion won ($6.7 million), court documents showed Thursday.

2022-12-29 16:20

Dunamu's Momentica offers new digital collectibles for Le Sserafim fans

Dunamu's Momentica offers new digital collectibles for Le Sserafim fans

Fans of Le Sserafim can exchange their “Digital Souvenirs” of the K-pop girl group for new collectible digital cards known as “Take,” according to Levvels, Thursday.

2022-12-22 15:49

Wemix debacle raises calls for swift institutionalization of crypto market

Wemix debacle raises calls for swift institutionalization of crypto market

The abrupt delisting of the once-popular Wemix coin has rekindled calls for authorities to take swift action to institutionalize Korea's crypto market. Wemix was issued by Korea's famous game publisher, Wemade, and its valuation soared to a record high of more than 25,000 won ($19) on Nov. 24, 2021. The coin then fell to around 3,000 won from July this year, following in the ...

Lee Min-hyung | 2022-12-18 10:28

Terraform CEO Do Kwon hiding in Serbia: prosecutors

Terraform CEO Do Kwon hiding in Serbia: prosecutors

Do Kwon, the wanted co-founder and CEO of Terraform Labs accused of fraud following the massive collapse of the blockchain firm's cryptocurrencies, is currently in Serbia, prosecutors said Monday.

2022-12-12 11:52

Cryptocurrency market hit by delisting of Wemix

Cryptocurrency market hit by delisting of Wemix

Wemix, the cryptocurrency developed by game company Wemade, ended up getting delisted from four major local coin exchanges as of 3 p.m. Thursday, as a local court rejected an injunction request filed by Wemade on Wednesday evening.

Anna J. Park | 2022-12-08 16:55

Court denies injunction against delisting of cryptocurrency Wemix

Court denies injunction against delisting of cryptocurrency Wemix

A Seoul court on Wednesday denied an injunction request filed by the operator of cryptocurrency Wemix to block the enforcement of crypto exchanges' decision to delist the coin.

2022-12-07 21:51

Court denies warrant for Terraform co-founder over cryptocurrency collapse

Court denies warrant for Terraform co-founder over cryptocurrency collapse

A Seoul court denied a warrant on Saturday to detain Daniel Shin, co-founder of Terraform Labs, on charges of gaining illegal profits before the massive collapse of the blockchain firm's cryptocurrencies.

2022-12-03 18:06

Terraform co-founder attends court hearing to decide his arrest over cryptocurrency collapse

Terraform co-founder attends court hearing to decide his arrest over cryptocurrency collapse

Daniel Shin, co-founder of Terraform Labs, attended a court hearing Friday to determine whether he should be arrested for allegedly gaining illegal profits before the massive collapse of the blockchain firm's cryptocurrencies.

2022-12-02 12:01

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