Cryptocoins News / Finance Magnates - 2 years ago
Small cryptocurrency exchanges in South Korea have expressed their fears of closing down amid the ongoing strong crypto sell-off across the board. According to The Korea Times, a total of 26 crypto exchanges, including Upbit, Bithumb, Coinone, Korbi...
Cryptocoins News / Finance Magnates - 2 years ago
Small cryptocurrency exchanges in South Korea have expressed their fears of closing down amid the ongoing strong crypto sell-off across the board. According to The Korea Times, a total of 26 crypto exchanges, including Upbit, Bithumb, Coinone, Korbi...
Cryptocoins News / The Cointelegraph - 2 years ago
South Korean telecommunications giant SK Telecom has signed a joint agreement with other blockchain firms aimed at developing a digital wallet that can support cryptocurrencies, nonfungible tokens and digital credentials.
In a Monday announcement, S...
Cryptocoins News / Blockchain - 2 years ago
Han Sung Motor, a South Korean imported car dealer, has rolled out non-fungible tokens (NFTs) to offer customers a secure and convenient experience based on the option of checking car details using their smartphones.
Therefore, the company sees the...
Bitcoin News / Bitcoin.com - 2 years ago
The U.S. and South Korean governments have reportedly agreed to share data on ongoing crypto cases, including the case surrounding Terraform Labs CEO Do Kwon and the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST).
U.S. and...
Cryptocoins News / Blockchain - 2 years ago
Crypto tax on digital assets in South Korea will be delayed by another two years, according to an announcement from the Ministry of Economy and Finance tax policy chief Ko Kwang-hyo.
Originally the 20% tax on crypto-asset gains was dated to kick of...
Cryptocoins News / The Cointelegraph - 2 years ago
Terraform Labs employees are reportedly unable to leave South Korea due to the country’s prosecutors imposing a departure ban on key developers of the project.On Monday, Korean media outlet JTBC reported that an investigation team from the Seoul Sout...
Bitcoin News / Bitcoinist - 2 years ago
As investigations into Terra’s LUNA and UST death spiral continue, prosecutors in South Korea have imposed travel limits on Terra developers and former devs, according to JTBC News.
South Korea Places Travel Ban On Terraform’s Developer
T...
Bitcoin News / Bitcoin.com - 2 years ago
The executive power and the ruling party in South Korea have urged the cryptocurrency industry for what officials describe as voluntary regulatory measures, a Korean media report revealed. The call was issued during a consultative meeting devoted to...
Bitcoin News / Bitcoinist - 2 years ago
Following the recent shockwaves of the (LUNA) crash which had shaken the spirit of many crypto enthusiasts, South Korea’s ruling party, People Power Party (PPP), is reportedly considering new crypto laws to ensure users’ protection and pr...
Bitcoin News / Bitcoin.com - 2 years ago
Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to achieve its objectives by applying standards that...
Bitcoin News / Bitcoin.com - 2 years ago
Five South Korean cryptocurrency exchanges recently said they will delist litecoin because the crypto asset’s Mimblewimble Extension Blocks (MWEB) upgrade violates the country’s laws. As a result, the exchanges’ users cannot use...
Cryptocoins News / NewsBTC - 2 years ago
Solana (SOL) has created a $100Million fund to support cryptocurrency projects in the country. The main sectors to benefit from the fund are DeFi, gaming, and Non-fungible tokens (NFTs). Also, the fund is to support some projects built on the Terra...
Bitcoin News / Bitcoin.com - 2 years ago
Solana Ventures has revealed the launch of a $100 million fund dedicated to Web3 startups in South Korea. According to Solana Labs’ general manager Johnny Lee, the capital will be dedicated to non-fungible tokens (NFTs), decentralized finance...
Cryptocoins News / Blockchain - 2 years ago
Solana, one of the biggest Layer-1 blockchain protocols, through its subsidiaries Solana Ventures and Solana Foundation, has launched a $100 million fund to back startups in the South Korea Web3.0 ecosystem.
As by TechCrunch, drawing on the exclu...
Cryptocoins News / The Cointelegraph - 2 years ago
Major cryptocurrency exchanges in South Korea have delisted Litecoin (LTC) weeks after flagging its privacy-focused MimbleWimble (MWEB) upgrade.In a public announcement on Wednesday, Upbit cited the Act on the Reporting and Use of Specific Financial...
Cryptocoins News / The Cointelegraph - 2 years ago
Solana Ventures and the Solana Foundation have formed a $100-million fund to help support the growth of nonfungible token (NFT), blockchain gaming and decentralized finance (DeFi) projects in South Korea.In addition to supporting projects built on So...
Cryptocoins News / The Cointelegraph - 2 years ago
The “long waves” of TerraUSD’s May 7 collapse, which we noted two newsletters ago, are extending even further. Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region. A Chinese state-owned media outlet, the Eco...
Bitcoin News / Bitcoin.com - 2 years ago
The South Korean science and ICT ministry has said it will recruit companies that will participate in its 2022 Metaverse Content Creation Project. A director in the ministry said the project is being promoted as part of the country’s industry-...
Cryptocoins News / The Cointelegraph - 2 years ago
On Friday, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC),...