KoreaTimes - Cryptocurrency

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The Korea Times

The Korea Times

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Cryptocurrency

Thu, November 30, 2023 | 00:11

Terraform co-founder pleads not guilty, seeks bail in Montenegro

Terraform co-founder pleads not guilty, seeks bail in Montenegro

Do Kwon, a cryptocurrency firm founder who has been detained in Montenegro after being on the run over alleged massive fraud in South Korea, has applied for bail, according to local court officials Thursday.

2023-05-12 08:05

Deficit widens for banks' crypto custody business on market slowdown

Deficit widens for banks' crypto custody business on market slowdown

Four major lenders ― KB, Shinhan, Woori and NongHyup ― are experiencing widening losses in their investments in crypto custody business operators, hit by the market's abrupt slump over the past two years, data showed Thursday.

2023-05-11 16:02

Scandal-tainted lawmaker faces criticism for crypto profits from legal blind spot

Scandal-tainted lawmaker faces criticism for crypto profits from legal blind spot

Rep. Kim Nam-kuk of the main opposition Democratic Party of Korea (DPK) is being criticized for suspicious crypto trading worth 6 billion won ($4.54 million). Kim is suspected of cashing out his crypto ...

2023-05-08 16:24

Korea takes first step toward institutionalizing crypto assets

Korea takes first step toward institutionalizing crypto assets

Korea has taken its first step toward institutionalizing crypto assets, after a committee at the National Assembly approved an act focusing on the protection of crypto investors.

2023-04-30 17:01

Frustration grows as Do Kwon's extradition likely to be delayed

Frustration grows as Do Kwon's extradition likely to be delayed

Terraform Labs co-founder Do Kwon's extradition is likely to take much more time, as Montenegrin prosecutors indicted the now-detained crypto fugitive on charges of passport forgery, according to a local report from Pobjeda, a Montenegrin daily.

2023-04-21 16:28

'Crypto winter' halves banks' profits from exchanges

'Crypto winter' halves banks' profits from exchanges

As the virtual assets market entered a crypto winter last year, the profits of banks that offer real-name bank accounts for virtual asset transactions in Korea were also halved. The amount of the banks' commission showed a downtrend last year, which was in contrast to the continuous surge observed from 2019 to 2021.

2023-04-16 16:40

Dunamu likely to maintain market dominance

Dunamu likely to maintain market dominance

Dunamu, which operates the nation's leading cryptocurrency exchange, Upbit, is expected to maintain dominance in the market, as other cryptocurrency exchanges in Korea meet problem after problem.

2023-04-12 08:54

Hackers steal 20 billion won worth of coins from crypto exchange

Hackers steal 20 billion won worth of coins from crypto exchange

Hackers stole more than 20 billion won ($15 million) worth of cryptocurrencies from GDAC, a South Korean crypto exchange, the company said Monday.The attack occurred at around 7 a.m. Sunday, resulting in the transfer of digital assets, including over 60 bitcoins and 350 Ethereum tokens, to unidentified wallets.

2023-04-10 20:53

Exclusive cryptocurrency listings raise concerns after Gangnam murder case

Exclusive cryptocurrency listings raise concerns after Gangnam murder case

Concerns are mounting over exclusive listings of cryptocurrencies, following the recent murder of a woman in Seoul's Gangnam District. Such assets could harm investors due to their high price volatility and lack of clear business value.

2023-04-10 15:26

Klaytn seeks to become versatile, sustainable blockchain

Klaytn seeks to become versatile, sustainable blockchain

Klaytn, an open-source public blockchain developed by Korea's largest mobile platform operator Kakao, is seeking to become a more versatile public mainnet used in areas encompassing games, non-fungible token (NFT) and metaverse, Klaytn Foundation Director Sam Seo said in a recent interview. “Our primary goal is to keep sophisticating our blockchain network in a more sustainab...

2023-04-08 08:30

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