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Cryptocurrency

Sat, September 23, 2023 | 00:44

Assembly to bring charges against Korean crypto moguls for absence at audit

Assembly to bring charges against Korean crypto moguls for absence at audit

Lawmakers are moving to bring charges against Korean crypto magnates for not appearing after being summoned as witnesses to the National Assembly's annual audit regarding the recent Luna debacle.

Lee Min-hyung | 2022-10-25 08:45

Do Kwon criticized for declining to confirm whereabouts

Do Kwon criticized for declining to confirm whereabouts

Do Kwon, co-founder of Terraform Labs, is being met with a deluge of criticism for declining to confirm his whereabouts even after making apologies for the recent Luna coin debacle. Earlier, Kwon argued he is not “on the run” or evading investigation by the police, though it has turned out he left Singapore and headed for Dubai in September. He did not enter the United Arab E...

Lee Min-hyung | 2022-10-20 17:12

Dunamu to make leap forward as global platform

Dunamu to make leap forward as global platform

Dunamu, the operator of the nation's largest crypto exchange, Upbit, is accelerating its pace to make a leap forward as a global trading platform. Dunamu set up Levvels, a joint venture with HYBE in the U.S. early this year, driving its efforts to take on the global market on top of the U.S. market. Its metaverse platform, 2nd Block, as well as Upbit NFT, are also getting the...

2022-10-20 17:04

Korbit, Save the Children partner up on NFTs

Korbit, Save the Children partner up on NFTs

Korbit, a Seoul-based cryptocurrency exchange, has partnered with Save the Children Korea to launch a donation campaign involving non-fungible tokens (NTF). Under the memorandum of understanding, the exchange operator will hold a series of campaigns by donating NFTs to the non-profit organization's charitable programs, the nation's first crypto exchange said Wednesday.

Lee Min-hyung | 2022-10-19 16:12

Upbit to introduce new login system after Kakao disruption

Upbit to introduce new login system after Kakao disruption

Upbit, the nation's leading crypto exchange operator, will introduce an independent login system so as to cut its reliance on Kakao, which suffered a data center fire that blocked Upbit users from trading their cryptocurrencies during the weekend.

Lee Min-hyung | 2022-10-18 16:29

Do Kwon's passport to be invalidated

Do Kwon's passport to be invalidated

The passport of Do Kwon, co-founder of scandal-tainted stablecoin developer Terraform Labs, will be invalidated as of Oct. 19, which Korean prosecutors believe will help uncover his whereabouts. Under the order, he will be forced to be deported to his home country as an unauthorized immigrant. Even if Kwon argued that he is not “on the run,” the founder of the Terra stablecoi...

Lee Min-hyung | 2022-10-11 16:04

Dunamu, HYBE set to launch NFT platform via joint venture

Dunamu, HYBE set to launch NFT platform via joint venture

Dunamu and HYBE are set to launch Momentica, a “digital collectibles platform,” through their joint venture Levvels, by the end of this month. Users can buy and sell their digital cards of HYBE's globally popular artists through the online trading platform. They can also store their digital cards safely via the Levvels Blockchain, which is powered by the low-carbon-emission b...

Lee Min-hyung | 2022-10-04 15:42

Dunamu CEO cries foul over politicians' skepticism of cryptocurrencies

Dunamu CEO cries foul over politicians' skepticism of cryptocurrencies

Dunamu CEO Lee Sirgoo urged politicians to reform the current regulations on digital assets in line with international standards, without hesitating to express his concerns over lawmakers and government officials maintaining negative views concerning blockchain and cryptocurrencies.

Park Jae-hyuk | 2022-09-29 13:46

Cryptocurrencies feared to experience longer winter amid Fed's hawkish moves

Cryptocurrencies feared to experience longer winter amid Fed's hawkish moves

Cryptocurrencies are feared to remain in the doldrums even after the end of this year amid the U.S. Federal Reserve's gestures to remain hawkish and for longer than expected. The price of Bitcoin has been trapped in a band of around $20,000 during the past three months without showing any particular signs of a rebound. But earlier hopes were that the crypto winter would not l...

Lee Min-hyung | 2022-09-27 16:48

Hedera eyes more partnerships with Korean banks, tech firms

Hedera eyes more partnerships with Korean banks, tech firms

BUSAN - Hedera Hashgraph, a distributed ledger technology network, will expand its partnerships with Korean tech players and financial firms by leveraging its fixed low costs and decentralized tracking and verification system, Leemon Baird, its inventor and co-CEO of Swirlds Labs, said in an interview. Hedera is a public cryptocurrency network platform for enterprises to crea...

Lee Min-hyung | 2022-09-26 16:20

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