Places South Korea

The country’s stock exchange declined a Bitcoin ETF simply because of this reason.

Korea’s frenzied traders are bidding up prices of Bitcoin and other cryptocurrencies in the country. But why?

Knowledgeable sources said that Morgan Stanley is considering investing between $254 million and $441 million.

The country is one of the biggest markets for crypto in the world and is known for its ‘Kimchi Premium.’

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. Griffith was arrested in November last year after speaking in a North Korean cryptocurrency conference. Authorities claimed he violated the “International Emergency Economic Powers Act” by […]

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. According to a report from BlockMedia, the plan will focus on solving various public welfare problems the province faces and expected to create 44,000 jobs in the next five years. Major Korean […]

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. And while NFTs, especially in their current iteration of being tokenized or an in-game asset, are currently attracting both […]

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. Asuka tokens reached over $1,600 in value over the weekend. But — in a reminiscence of Bitconnect — they now trade at under $10.  A […]

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. Hyperledger-based CenterPrime — which has access to the APIs of top Korean banks —will now share its data feeds on Chainlink. As a result, app developers can now source their information […]

One of the biggest South Korean cryptocurrency projects will now feature oracles services from a cross-chain data platform. The project stands to benefit Korea’s flourishing crypto sector. ICON to use Band Protocol in dApp landscape South Korea’s largest blockchain network, ICON, has integrated Band Protocol’s cross-chain data oracles to connect verified data to its growing […]

Cryptocurrency firms, presumably burnt by the crashing ship that were ICOs, are turning to traditional methods to raise funds and keep themselves in business. Bitcoin miners Canaan and Ebang have already jumped ship, and a Korean crypto-exchange is now turning to share markets to raise funds for its business. Samsung appointed Bithumb, one of the […]

South Korean economists aren’t happy with the government’s proposal to tax Bitcoin and other cryptocurrencies, days after reports suggested the latter. Any “cryptocurrency tax” must be abolished and not implemented, the country’s academics told local reporters over the weekend.  The reason was singular and simple — taxes on an emerging asset class and disruptive technology […]

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. Last month, Korea acknowledged it was “concerned” by Chinese influence in the blockchain and digital currency space, vowing to increase research efforts by dedicating hundreds of millions of dollars towards the […]

Global turmoil in financial markets is leading to some touting Bitcoin as a possible alternative investment, eleven years after the pioneer was developed. But South Korean academics remain unconvinced — they recognize Bitcoin turning into a hedge, but say it remains “dangerous” if volatility reappears. Bitcoin good, but risky Professor Hong Ki-hoon of Hongik University, […]

South Korea’s ICON, regarded by some as the country’s biggest cryptocurrency project, launched a significant update for its protocol earlier this week. The development marks an important step towards the project’s “hyperconnect the world” catchphrase. Interoperability benefits As detailed in a blog post, the Blockchain Transmission Protocol (BTP) enables interoperability between different blockchains, helping inter-project […]

Blockchain project FLETA recently announced an agreement with the software giant Oracle. The technical cooperation focuses on FLETA’s use of Oracle Cloud Infrastructure (OCI). The blockchain project plans to implement OCI to enhance the capabilities of the FLETA cloud server. In turn, a more robust FLETA cloud server will enable the blockchain’s mining nodes to […]

Three major powers are betting on the long-term potential of cryptocurrencies, digital currencies, and blockchain. In separate developments, schools and publishers in Korea, China, and Australia introduced blockchain and digital currency-related coursework for graduates and government officials, guided by narratives of future opportunities and concerns of potential unemployment. Australia’s RMIT offers blockchain course On May […]

There is no denying the sentiment that the U.S. is the global hub of technology and financial innovation. American innovators are behind the world’s biggest companies, Amazon, Apple, Google, and more. Even with small-scale startups, talent is centralized in America. But it’s a whole different story for crypto and blockchain. Instead of the U.S. dominating […]