South Korea

CoinFlash

South Korea’s Dunamu Launches Bitcoin ‘Fear and Greed’ Index to Guide Traders

The tool is aimed at helpi traders make better decisions based on market sentiment.

News  ·  19 January 2021
Polkadot

K-Pop Sensation Mamamoo to Mint Digital Collectibles on Polkadot

The popular K-Pop girl band's parent company RBW will be selling its singers' digital products on the blockchain.

Markets  ·  16 January 2021
CoinFlash

South Korea’s 20% Crypto Tax Now Coming in 2023: Report

The cryptocurrency tax was originally planned to be implemented in late 2021.

Policy & regulation  ·  7 January 2021
Bitcoin

First Mover: Bitcoin Hits Record as ‘Blue Wave’ and ‘Kimchi Premium’ Look Bullish

Bitcoin surges above $35K for first time with U.S. Democrats poised to take full control of government and 'Kimchi Premium' back in force.

Markets  ·  6 January 2021
Bitcoin

Bitcoin Retail FOMO Brings a Heap of ‘Kimchi Premium’ to S. Korea

Bitcoin's price premiums on South Korean exchanges have returned amid the latest bitcoin bull market.

Markets  ·  5 January 2021
Venture Capital

South Korea’s Hashed Raises $120M Venture Fund for Crypto Deals

Hashed Ventures has raised $120 million for a fund that will be focused on a new era of distributed networks.

Business  ·  23 December 2020
Exchanges

Crypto Exchange Upbit Brings In Withdrawal Delay in Bid to Tackle Fraudsters

The South Korea-based exchange has announced a 24-hour cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks.

Markets  ·  27 November 2020
CoinFlash

South Korea May Delay Implementation of 20% Crypto Tax Till 2022

The National Assembly is pushing for a delay to the tax proposal to allow exchanges more time to prepare.

Policy & regulation  ·  25 November 2020
Travel Rule

South Korean Crypto Firms Must Disclose Users’ Identities Under Planned Law Change

South Korea's top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers.

News  ·  6 November 2020
CoinFlash

Chinese Payments Giant UnionPay to Support Crypto Spending With New Virtual Card

The world's biggest credit and debit card company will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering.

Business  ·  4 November 2020
CoinFlash

South Korea’s Central Bank to Test Digital Currency in 2021

The Bank of Korea is to run virtual trials of a possible central bank digital currency through 2021.

Policy & regulation  ·  7 October 2020
Exchanges

Bithumb Exchange’s Offices Raided Again by Korean Authorities: Report

Local officials are said to have raided Bithumb's offices for the second time in a week as part of a fraud investigation.

Policy & regulation  ·  8 September 2020
Exchanges

Police Reportedly Raid Headquarters of Bithumb, South Korea’s Largest Exchange

Crypto exchange Bithumb has reportedly been seized by police in Seoul on allegations that its chairman engaged in investment fraud.

News  ·  2 September 2020
CBDCs

South Korea’s Central Bank Starts Technical Phase for Digital Currency Ahead of 2021 Pilot

The Bank of Korea is seeking a partner to help develop the architecture for a potential central bank digital currency.

Policy & regulation  ·  31 August 2020
Exchanges

South Korean Crypto Exchange Coinbit Seized Over Allegations of Massive Wash Trading

South Korea's third-largest crypto exchange has reportedly been seized by police over allegations it faked most of its trading volume.

News  ·  26 August 2020