Korea

South Korea crypto users surpass 16M after Trump’s election victory

South Korea's crypto exchange users have surpassed 16 million (over 30% of the population), outpacing stock market participation.User numbers jumped by 600,000 following Trump's...

South Korea: Google Play blocks 17 unregistered crypto exchanges

Google Play has restricted access to 17 unregistered cryptocurrency exchanges operating in South Korea at the request of the country's financial regulators.The affected exchanges,...

South Korea considers blocking crypto exchanges operating without licenses

South Korea's Financial Intelligence Unit (FIU) is investigating crypto exchanges allegedly operating without proper registration as virtual asset service providers (VASPs).Authorities are considering blocking...

Bank of Korea to Launch Digital Currency Trial with Seven Banks in April

South Korea is launching a three-month trial combining tokenized bank deposits and a wholesale CBDC with 100,000 consumers starting in April 2023.Seven major Korean...

South Korea’s Central Bank Takes ‘Cautious Approach’ to Bitcoin Reserve Possibility

South Korea's central bank has ruled out Bitcoin as a foreign exchange reserve asset, citing high volatility and potential transaction costs during market instability.Casa's...

North Korea’s Lazarus Group Transitions Focus from Banks to Cryptocurrency Firms, Linked to Multiple High-Profile Thefts

north korea is believed to be the only nation leveraging Hacking capabilities specifically for financial gain, though it doesn't officially acknowledge Lazarus Group.Cryptocurrency firms...

FBI: North Korea Behind Record $1.5 Billion Crypto Heist from Bybit

FBI has attributed the record $1.5 billion Bybit cryptocurrency heist to North Korean Hackers, identifying the attack as "TraderTraitor."Stolen assets are being rapidly converted...

South Korea to Allow Corporate Crypto Trading in Phased Rollout, Financial Firms Still Restricted

South Korea will allow corporates to trade cryptocurrencies in a phased approach starting with non-profits and universities in H1 2024. Listed companies must have minimum...

Latest news

UBS Raises Nvidia Price Target to $275 Amid Stock Surge

NVIDIA stock soared nearly 4.5% on Thursday, continuing its strong May performance.Global investment bank UBS has maintained a 'strong...

Bitcoin ETF Outflows Hit $88M Daily as Fed Rate Cut Hopes Dim

U.S. spot Bitcoin ETF netflows saw their largest daily outflow since mid-February, hitting -$88 million as institutional investors sold...

XRP Tops $1.50 After Crypto ‘Game Changer’ Senate Vote

XRP and BNB outperformed the broader crypto market on Friday following a key Senate committee vote on new crypto...