Crypto 18/07/21 19:00 by Asad Gillani

Major Korean Bank Set To Provide Cryptocurrency Custody Services

Woori Bank, the South Korean financial institution, enters the DACS (cryptocurrency custody services) market. The Woori Financial Group will start offering its client cryptocurrency custody services. ...
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Crypto 12/07/21 18:38 by Asad Gillani

Authorities Arrest Perpetrators For Illicit Cryptocurrency Transactions

South Korean Law enforcement authorities have taken 33 individuals into custody for conducting illegal cryptocurrency transactions of $1.5 billion. In addition, these individuals carried out some ille...
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Bitcoin 05/04/21 22:00 by Tony Spilotro

Why The Return Of The Kimchi Premium Doesn’t Bode Well For Bitcoin

Bitcoin price is currently trading at a substantial premium on South Korean crypto exchanges – more than $6,000 per coin in USD equivalent. However, in the past this so-called “Kimchi Prem...
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Crypto 23/03/21 14:53 by Bernice Nyambura

Crypto Exchange OKEx Is Shutting Down In South Korea

OKEx cryptocurrency exchange has said it will terminate its South Korea-based business, following the introduction of an updated Anti-Money-laundering (AML) in the country. The exchange’s spokes...
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Bitcoin 19/03/21 12:00 by Yashu Gola

Morgan Stanley Eyes Bitcoin Exchange Acquisition After Crypto Rallies 1,500%

Key Bitcoin Takeaways A South Korean media outlet reported that Morgan Stanley plans to acquire Bithumb, a local bitcoin exchange. The news surfaced two days after the American banking giant decided ...
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Other 15/03/21 10:49 by PR DESK

Xeno Holdings Invests In South Korean-Based CityLabs Co. Ltd

Xeno Holdings Limited, a Hong Kong-based technology investment company, has invested major capital in CityLabs Co. Ltd to further venture into the South Korean market and Asia at large. The company h...
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Altcoins 04/08/20 05:00 by Nick Chong

Ethereum’s DeFi Space Just Saw An Exit Scam: Here’s How It Went Down

The growth in Ethereum’s decentralized finance space has been one of the biggest wealth-generation events in the crypto space of the past year. Coins pertaining to “DeFi,” as this pa...
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Altcoins 21/04/20 20:40 by BitcoinPrbuzz

EzyStayz Partners with DexOne to Roll Out New Tokens on FobIgate Crypto Exchange

EzyStayz, a leading Australian global holiday rental website is set to launch its native cryptocurrency on Korean crypto exchange, FobIgate on April 20th, 2020, at an introductory price of $0.005. ...
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Other 09/04/20 17:29 by Tolu

Binance Responds to Claims it Stole $1 Million Worth of User Funds

Major crypto exchange Binance has responded to claims that it fraudulently held on to $1 million worth of cryptocurrencies. The accusation came from a Binance user in Ukraine and was first reported i...
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Altcoins 31/03/20 12:44 by Brenda Ngari

Why Binance’s Expansion Into South Korea Might Greatly Benefit Ripple’s XRP

Binance, the world’s largest cryptocurrency exchange is set to launch a crypto-to-crypto exchange in South Korea through its cloud solution. According to a blog post on March 31, 2020, the new exch...
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Crypto 05/03/20 14:14 by Brenda Ngari

Bullish Signal: South Korean Parliament Passes Law That Fully Legalizes Cryptocurrency Holding And Trading

Yesterday, India’s Supreme Court quashed the Central bank’s crypto ban that was curtailing cryptocurrency trading in the country. The crypto community perceived this as a big adoption boost for b...
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Altcoins 28/02/20 08:08 by Brenda Ngari

Litecoin Foundation Strengthens Its Presence In South Korea Via A New Partnership With MeconCash

Litecoin Foundation has partnered with South-Korean cryptocurrency company MeconCash to integrate Litecoin’s native cryptocurrency, LTC, on its payments platform. With this collaboration, LTC to Ko...
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Altcoins 22/02/20 12:00 by Mr Oak

Tezos (XTZ) and ICON (ICX) To Outperform Most Altcoins in 2020. Here’s Why

This year promises to be a good one for altcoins and the crypto market in general. The performance from these altcoins from the start of the year to this time further strengthens the notion of them t...
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Crypto 08/12/19 15:21 by Christine Vasileva

Korean Government to Tax Crypto Capital Gains from 2020

The Korean government is preparing legal tools to tax capital gains from the sale of crypto assets. Specialized legislation to target digital asset deals is expected to arrive from the tax season for ...
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Crypto 07/12/19 09:47 by bitcoinist.com

North Korean Crypto Social Media Monitoring on the Rise

Recent reports by the South Korean press warned that North Korea might be expanding its crypto social media monitoring.  Yesterday’s ...
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Other 06/12/19 12:28 by Christine Vasileva

DXM Partners With Ledger to Launch Institutional Custody Solution

DXM, the cryptocurrency branch of the Korean market operator Dunamu, will offer custodial services in partnership with the French hardware firm, Ledger. Upbit Safe Service to Use Ledger Vault Securit...
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Altcoins 27/11/19 11:33 by Osato Avan-Nomayo

Upbit Reports ‘Irregular Withdrawal’ of $51 Million in Ethereum

Upbit, one of the ‘big four’ South Korean crypto exchanges has reported an irregular 342,000 Ethereum (ETH) withdrawal from its wallet. While details remain sketchy as to the nature of the withdra...
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Crypto 27/11/19 07:20 by Kevin Helms

South Korean Committee Passes Bill Enforcing FATF Crypto Rules

South Korea’s national policy committee has passed an amendment establishing a legal framework for cryptocurrencies. It requires crypto exchanges and service providers to register with the count...
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