South Korea Financial News

29.01 / 13:23

regulation Congress Regulations White House Unveils Plan to Tackle Cryptocurrency Risks, Calls for Increased Enforcement

The White House has published a roadmap asking authorities to increase enforcement and ramp up efforts to regulate the crypto sector.

29.01 / 11:07

Adoption regulation Court Money laundering tracking South Korea to deploy cryptocurrency tracking system in 2023

The Ministry of Justice in South Korea announced plans to introduce a crypto tracking system to counter money laundering initiatives and recover funds linked to criminal activities.

28.01 / 02:01

markets solana Bitcoin Bitcoin Price crypto market cap Total crypto market cap rises above $1T, and data suggests more upside is in store

Despite the recent negative crypto and macroeconomic newsflow, the total cryptocurrency market capitalization broke above $1 trillion on Jan. 21. An encouraging sign is that derivatives metrics are not showing increased demand from bearish traders at the moment.

27.01 / 17:25

Target Telegram Platform Huobi Returns Huobi (HT) Fails To Bounce, Orbeon Protocol (ORBN) Offers High Returns In 2023

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27.01 / 17:25

Blockchain UPS Provident Target Hackers Strategy Crypto users North Korean Hackers ‘Trying to Bait Crypto Users With Bogus Job Offers’

North Korean hackers are trying to break into crypto accounts by sending bogus job offers, a security provider has claimed.

26.01 / 13:45

Man Parke Southern Crypto Exchange raid S Korean Prosecutors Raid Bithumb in Price Manipulation Probe, Hope to Arrest ‘Owner’

The South Korean crypto exchange Bithumb has suffered another double blow from the nation’s prosecutors – who have raided the exchange in a price manipulation probe. Officers also want to arrest Bithumb’s suspected largest shareholder on embezzlement charges.

25.01 / 22:33

business Blockchain South Korean prosecutors request arrest warrant for Bithumb owner: Report

According to local news outlet infomax.co.kr, South Korean prosecutors have requested an arrest warrant on Jan.25 for Kang Jong-Hyun, chairman and actual owner of cryptocurrency exchange Bithumb. Jong-Hyun is wanted on allegations of embezzlement related to his activities at the exchange.

24.01 / 17:09

Blockchain Ethereum Provident Target Reuters Hack FBI Says North Korea Was Behind $100m Harmony Horizon Bridge Hack

The United States Federal Bureau of Investigation (FBI) has blamed North Korean hackers for the attack last year on the cross-chain bridge provider Harmony. The Harmony Horizon bridge was compromised in June 2022, with hackers making off with $100 million worth of crypto.

22.01 / 06:23

business Blockchain education Binance Charity to provide over 30K Web3 scholarships in 2023

The philanthropic arm of Binance — Binance Charity — is set to fund 30,655 scholarships to students keen on forging out a career in Web3 in 2023.

20.01 / 17:17

FIVE coinbase Mobile Remark Gemini Samsung LiveCoin boost Crypto users Crypto Users in Brazil, India Set for Boost from Latest Samsung Wallet Rollout

Samsung has announced the rollout of its crypto wallet-linkable mobile payments solution – Samsung Wallet – in Brazil, India, Malaysia, and five other countries.

19.01 / 23:59

business Blockchain City of Busan to establish digital assets exchange: Report

According to local news outlet News1, Busan, South Korea will establish a decentralized digital commodities exchange. Officials said the platform is scheduled to start operations this year and will support local cultural content via digital assets.

19.01 / 17:45

Extreme Legal Bitcoin Premium ‘$3.2bn’ Kimchi Premium Traders to Stand Trial in South Korea

South Korean prosecutors are continuing to wage war against illegal kimchi premium traders – and will seek to convict 20 people for allegedly conducting $3.2 billion worth of illegal crypto transactions.

18.01 / 17:11

BTC Bithumb Bitcoin Researchers Say These 7 Factors Will Determine Bitcoin Prices in 2023

Researchers at the South Korean crypto exchange Bithumb have named seven factors they believe will affect bitcoin (BTC) and crypto prices in 2023 – and determine whether the bear market will give way to bullish forces for a sustained period.

17.01 / 14:33

UPS Citi Digital Multiple South Korean Firms Reportedly ‘Preparing Security Token Offering Platforms’

A number of South Korean firms are preparing to launch security token offering (STO)-related services this year. And they are hopeful that regulators will give them the green light to get started this month.

16.01 / 23:35

Binance CFTC SEC Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution

The United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with selling unregistered securities through Gemini’s “Earn” program.

16.01 / 20:51

business Government Metaverse Seoul government opens city's metaverse project to public

The Seoul Metropolitan Government has launched its Metaverse Seoul project, allowing residents of the South Korean capital city to access city services in a virtual environment.

16.01 / 19:07

Stablecoin Binance Gaming Prison Backed Today in Crypto: Digital Assets Subcommittee in the US, Iran's and Russia's Gold-Backed Stablecoin, UK Sentences Four to 15 Years in Prison

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

16.01 / 14:07

business Asia Court Bithumb ordered to pay outage damages to investors by South Korean court

The ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with ruling from local courts.

13.01 / 13:55

CEO Platform Crypto Exchange Jail Head of S Korea’s V Global Crypto Exchange Will Serve 25 Years in Jail for $2.3bn Fraud

The CEO of a bogus South Korean crypto exchange that tricked some 50,000 customers out of a total of $2.3 billion will spend the next 25 years behind bars – after the Supreme Court found him guilty of fraud.

12.01 / 14:11

Blockchain wallet Software South Korean Software Giant AhnLab Unveils Crypto Wallet

The South Korean software giant AhnLab has released a crypto wallet – becoming the latest in a long line of the country’s IT players to move into the space.

11.01 / 21:37

markets Ethereum Grayscale pricing A key change in Ethereum options pricing hints that ETH price could rise beyond $1,350

Ethereum price (ETH) gained 10.2% from Jan. 4 to Jan. 10, breaching the $1,300 resistance without much effort, but has the Ether price move cast a light on whether the altcoin is ready to begin a new uptrend.

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