KoreaTimes - Cryptocurrency

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The Korea Times

The Korea Times

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Cryptocurrency

Wed, October 4, 2023 | 19:17

Binance faces bumpy road in Korea

Binance faces bumpy road in Korea

Binance, the world's largest crypto exchange, is facing difficulties in its expansion in Korea, as financial authorities have not granted approval for the company's acquisition of the nation's fifth-largest exchange, GOPAX.

Lee Min-hyung | 2023-08-11 17:40

Crypto stocks display increased volatility due to 'crypto security' debate

Crypto stocks display increased volatility due to 'crypto security' debate

Crypto-linked stocks are displaying increased volatility after a U.S. court ruled that cryptocurrencies are securities, reversing a precedent on Ripple's token XRP a few weeks ago. The ruling by a Manhattan federal judge came as a bane to overall crypto sentiment, with major cryptocurrencies - such as Bitcoin and Ethereum - displaying weak performances following the decision....

Lee Min-hyung | 2023-08-03 17:09

Prosecution to launch joint investigative team for crypto crimes

Prosecution to launch joint investigative team for crypto crimes

A joint investigation team focusing exclusively on cryptocurrency-related financial crimes will be launched by prosecutors and financial authorities as early as next month, according to the Seoul Southern District Prosecutors' Office, Wednesday. It will be first time for such a joint investigative team handling cryptocurrency crimes to be set up within the structure of prosec...

Anna J. Park | 2023-07-12 16:52

Financial authorities revise accounting rules for crypto assets to raise transparency

Financial authorities revise accounting rules for crypto assets to raise transparency

Companies that either hold digital assets or have issued cryptocurrencies will be obligated to start disclosing such information publicly next year. Detailed information - including the amount, expected financial value and business models using the cryptocurrencies held or issued by companies - shall be written down in the commentary section of their financial statements.

Anna J. Park | 2023-07-11 15:43

Gov't to focus on revitalizing economy in 2nd half

Gov't to focus on revitalizing economy in 2nd half

The government will place top priority on reinvigorating the economy in the second half of this year by expanding financial support for exporters and bolstering domestic demand through more incentives for local travel, the finance ministry said Tuesday. Reflecting sluggish exports, the ministry lowered its 2023 economic growth outlook from 1.6 percent to 1.4 percent, which is...

Yi Whan-woo | 2023-07-04 17:05

Major Korean crypto exchanges to operate system alerting users of abnormal trading

Major Korean crypto exchanges to operate system alerting users of abnormal trading

An alert system that notifies users of abnormalities in cryptocurrency trading was launched in Korea, an alliance of local crypto exchanges said Tuesday.

2023-07-04 15:55

Upbit tackles information asymmetry in digital assets market

Upbit tackles information asymmetry in digital assets market

Unlike stock markets, digital assets markets run 24 hours a day. This entails potential high returns along with risks. While investors are provided with diverse information in traditional markets such as stocks and real estate, digital assets markets face the problem of information asymmetry.

2023-06-27 14:41

Bitcoin eyes 3rd straight day of gains after touching two-month high

Bitcoin eyes 3rd straight day of gains after touching two-month high

Bitcoin rallied for a third straight day after hitting its highest level since mid-April, boosted by BlackRock's plan to create a bitcoin exchange-traded fund (ETF) even as the sector faces U.S. regulatory scrutiny.

2023-06-22 08:59

Crypto yield platforms Haru Invest, Delio face class-action lawsuits

Crypto yield platforms Haru Invest, Delio face class-action lawsuits

Two crypto platforms in Korea, Haru Invest and Delio, are expecting class-action lawsuits from investors, a few days after they abruptly suspended customer deposits and withdrawals. According to legal circles and media reports, Friday, 410 investors from Haru Invest and 120 investors from Delio have launched a Kakao group chat to prepare for a lawsuit.

Lee Yeon-woo | 2023-06-16 16:14

Blockchain technology on path to becoming more publically accessible

Blockchain technology on path to becoming more publically accessible

Lambda256, a blockchain subsidiary of Korea's dominant crypto exchange operator Dunamu, expects its representative blockchain platform - Luniverse - to gradually expand its footing as a more globally influential service with its price competitiveness and market responsiveness, the firm's CEO Park Jae-hyun said during a recent interview.

Lee Min-hyung | 2023-06-07 08:15

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