South Korea Financial News

13.05 / 23:51

Ethereum ETF Tether Bitcoin Silver week Bitcoin and Ethereum had a rough week, but derivatives data reveals a silver lining

This week the crypto market endured a sharp drop in valuation after Coinbase, the leading U.S. exchange, reported a $430 million quarterly net loss and South Korea announced plans to introduce a 20% tax on crypto gains.

13.05 / 10:39

Altcoins Legal Terra It's Getting Personal - 'Broke' LUNA Investor Comes to Do Kwon’s House, Plans to Surrender to Police

A furious terra (LUNA) investor appears to have come knocking at the door of the Terra mastermind Do Kwon (also known as Kwon Do-hyeong) looking for answers after the token spectacularly collapsed. South Korean police are hunting for an unidentified person who reportedly broke into the apartment complex in which Kwon resides and rang the doorbell – but a social media star says it was him.

13.05 / 00:27

markets Ethereum Tether Look out below! Ethereum derivatives data hints at further downside from ETH

Ether (ETH) is down 38% in three weeks and the current $2,000 level is 59% below the $4,870 all-time high that was reached in November 2021. Additional newsflow that added to the current market wide volatility were the bankruptcy fears that emerged after Coinbase, the largest U.S. exchange reported a $430 million first-quarter 2022 loss.

12.05 / 13:03

Government Law ICO crypto framework Framework 2024 Leaked report: South Korea to establish crypto framework by 2024

The administration of the newly-elected President of South Korea, Yoon Suk-yeol, wastes no time in its drive to maintain the country’s stature as a center for innovation as it hopes to roll out comprehensive crypto legislation in 2023 and institutionalize the sector by 2024.

12.05 / 04:31

cryptocurrency Exchange Legal Support South Korean Court Gains Support from Exchanges in Bid to Include Crypto in Bankruptcy Cases

South Korea’s judiciary is set to include crypto holdings in lists of debtors’ assets in bankruptcy cases – and the nation’s leading crypto exchanges have agreed to cooperate with courts on the matter.

10.05 / 20:45

Blockchain economy Gaming Metaverse Connecting blockchain with the real economy is this gaming platform’s goal

Blockchain-based gaming has exploded in the last year. As technology continues to transform how users interact with digital assets, gaming has been at the center of all of the action. We have seen the rise of blockchain games without the need for traditional gamers. However, the existing gaming communities are an essential part of the future of gaming. A South Korean gaming company Wemade, the creator of the WEMIX platform, recognizes that blockchain game developers must bring the entire gaming community into the fold when enhancing the overall gaming experience.

10.05 / 11:51

Stablecoin MARKET community Bitcoin Conspiracy Theories Abound as Terra Tries to Save UST

TerraUSD (UST), an algorithmic stablecoin hosted by the Terra network and created by South Korea's Terraform Labs, has once again lost its dollar peg after a wave of sell-offs hit the crypto market.

10.05 / 03:11

Adoption NFT regulation Japanese Prime Minister Talks up Japan’s Web3, NFT Focus at Investors Summit

The Japanese Prime Minister Fumio Kishida has stated that Web3-related growth – including metaverse and non-fungible token (NFT)-related developments – will be part of the nation’s growth strategy going forward, and called on British business leaders to back his project.

06.05 / 16:13

Adoption NFT Sony Sony & Theta Set to Launch ‘3D NFTs’, Eye Tie-in with its Spatial Reality Display

Non-fungible tokens (NFT) are going 3D – and Sony wants to be the firm that takes them into a new dimension.

06.05 / 01:09

Blockchain Funding Mobile Games GameFi News: Tilting Point partners with Polygon Studios, and LootRush raises $12M

Free-to-play mobile games publisher Tilting Point has entered a multiyear partnership with Polygon Studios to launch 10 Web3 games over the next two years. Polygon Studios and Tilting Point plan to help both native Web3 game developers scale their games alongside free-to-play developer partners, and studios who want to bridge from Web2 to Web3 gaming.

05.05 / 09:17

Sport gone Nifty News: Steve Irwin's zoo conservation NFTs, SportemonGo is gone, and more

Australia Zoo, the famous animal sanctuary owned by Terri Irwin, the widow of Steve Irwin or the crocodile hunter, has launched an NFT project called “Wildlife Warriors.”

05.05 / 07:25

regulation Ban ICO Brace for More S Korean Altcoins as President-Elect Prepares to Ditch ICO Ban

South Korea’s President-Elect Yoon Suk-yeol has indicated he is ready to come good on some of the crypto-related campaign promises that helped him win power earlier this year – and could end an initial coin offering (ICO) ban that dates back to 2017.

04.05 / 16:45

Blockchain Platform T.E.A.M DAO Raises USD 5 Million Series A Round Led by Krust Universe and Animoca Brands

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

04.05 / 07:55

regulation Taxes South Korea's new president delays crypto taxes in favor of consumer protections

South Korea’s newly-elected president Yoon Seok-yeol announced Tuesday he would push to defer taxation on crypto investment gains at least until a new set of regulations called the Digital Asset Basic Act is enacted.

04.05 / 02:13

Exchange banking Deal South Korea’s Biggest Neobank Reportedly on Verge of Crypto exchange Banking Deal

Kakao Bank, South Korea’s biggest neobank and an affiliate of the internet giant Kakao, has refused to confirm or deny that it has struck a partnership deal with Coinone – one of the four biggest crypto exchanges in the country.

30.04 / 12:17

Blockchain Ethereum Adoption Environment Collectibles Entering NFTs: Understanding the environmental impact of digital collectibles

NFTs have taken pop culture by storm over the past year. On a nearly daily basis, a new celebrity announces their interest in the emerging technology — usually by dropping an NFT collection. From Quentin Tarantino’s Pulp Fiction NFTs to Snoop Dogg’s NFT music label, a wide range of notable names are beginning to realize the creative value that NFTs offer. While celebrity involvement has played a key role in raising mainstream awareness about the array of NFT use cases and investment potential, it has also drawn the ire of some fans.

28.04 / 02:09

regulation Exchange Upbit South Korean Crypto Exchanges Resume Service as Usual after Travel Rule Breakthrough

South Korea’s biggest crypto exchanges have finally linked their rival Travel Rule solutions – over a month after a new law that requires trading platforms to abide by the protocol came into force.

26.04 / 19:05

cryptocurrency NFT NFTS Apeiron Raises 17.5M in Seed Fundings and NFTs to Rekindle God Games with Blockchain

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

22.04 / 15:13

France's left could be decisive in who wins the election. But will they turn out to vote?

Some of France's left-wing voters are struggling to decide how to vote in the presidential run-off that will see incumbent President Emmanuel Macron face far-right candidate Marine Le Pen.

22.04 / 11:21

School Madeleine McCann: Formal suspect declared over disappearance of British girl in 2007

A man has been declared a formal suspect as part of the investigation into the disappearance of British toddler Madeleine McCann 15 years ago, Portuguese authorities said in a statement.

22.04 / 03:49

business regulation Upbit controversy Upbit owner Dunamu could see 'monopoly' curbed after investment controversy

The operator of South Korean crypto exchange Upbit, Dunamu, is facing pushback from regulators due to a controversial investment while authorities move to issue restrictions to stifle its monopolistic position.

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