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A Korean crypto company had ambitious plans to launch a Bitcoin exchange-traded fund (ETF) in the crypto-frenzied market last week.
Bitcoin is trading at nearly $66,000 in South Korea.
American multinational investment bank Morgan Stanley is currently in talks to acquire a stake in top South Korean cryptocurrency exchange Bithumb, local news outlet Naver reported on Friday.
The country is one of the biggest markets for crypto in the world and is known for its ‘Kimchi Premium.’ The month it went ballistic South Korean crypto exchanges are now processing more volumes each day compared to traditional stock exchanges, a report on local publication Hankyung said Monday.
Ethereum developer and Wikiscanner creator Virgil Griffith filed a motion last week to dismiss US government charges of him “aiding” the North Korean government, documents released last week showed.
Won Hee-ryong, the governor of Korea’s Jeju island, has announced a $5 billion government investment plan focused on developing blockchain and IoT technologies.
If you happened to drop by the crypto space on social media in recent weeks, NFTs, short for non-fungible tokens, look to be the latest Ethereum-based assets that are steadily gaining at both popularity and price.
The developer behind Asuka, a short-lived fork of DeFi project Yearn Finance (YFI), conducted an exit scam this morning, with sources noting the loot was between the range of $30,000-$60,000.
Financial market data from South Korean banks will now feature on Chainlink’s decentralized oracles services, as announced at an event in Seoul on Friday.
One of the biggest South Korean cryptocurrency projects will now feature oracles services from a cross-chain data platform.
Cryptocurrency firms, presumably burnt by the crashing ship that were ICOs, are turning to traditional methods to raise funds and keep themselves in business.
South Korean economists aren’t happy with the government’s proposal to tax Bitcoin and other cryptocurrencies, days after reports suggested the latter.
South Korean efforts to launch a native digital currency are speeding up as China’s digital yuan continues to be extensively tested across the country.
Global turmoil in financial markets is leading to some touting Bitcoin as a possible alternative investment, eleven years after the pioneer was developed.
South Korea’s ICON, regarded by some as the country’s biggest cryptocurrency project, launched a significant update for its protocol earlier this week.
Blockchain project FLETA recently announced an agreement with the software giant Oracle.
Three major powers are betting on the long-term potential of cryptocurrencies, digital currencies, and blockchain.
There is no denying the sentiment that the United States is the global hub of technology and financial innovation.