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Cryptocurrency

Tue, May 30, 2023 | 14:07

FSC to crack down on crypto phishing schemes

FSC to crack down on crypto phishing schemes

In a move to root out phishing schemes in the country, the Financial Services Commission (FSC) announced a set of new measures that apply larger protections for victims of phishing schemes involving cryptocurrencies or mobile payment systems. The top financial regulator explained Tuesday that it has formed a taskforce with the prosecution, police, bank association as well as ...

Anna J. Park | 2023-02-28 16:54

Do Kwon transferred over 10,000 bitcoins to Swiss bank account

Do Kwon transferred over 10,000 bitcoins to Swiss bank account

Do Kwon reportedly transferred more than 10,000 bitcoins to a Swiss bank account after the abrupt collapse of his once-promising Terra-Luna ecosystem, for which a U.S. watchdog accused him and his firm of misleading investors by plotting the apparent crypto fraud. According to overseas reports, Kwon is known to have sent the bitcoins - amounting to $240 million (312 billion w...

Lee Min-hyung | 2023-02-19 16:10

Bitcoin surges 8.3% above $24,000

Bitcoin surges 8.3% above $24,000

Bitcoin surged 8.31 percent to $24,057 at 2038 GMT on Wednesday, adding $1,846 to its previous close.

2023-02-16 14:36

20 indicted for moving $3.2 bil. overseas for cryptocurrency 'kimchi premiums'

20 indicted for moving $3.2 bil. overseas for cryptocurrency 'kimchi premiums'

Prosecutors have indicted 20 people on charges of illegally remitting about 4 trillion won ($3.2 billion) worth of funds overseas to buy cryptocurrencies abroad and sell them back in Korea at a premium, officials said Wednesday.

2023-01-18 15:59

Number of fake banknotes hits record low in 2022 on increased non-cash transactions

Number of fake banknotes hits record low in 2022 on increased non-cash transactions

The number of fabricated Korean banknotes hit a record low in 2022 on increased non-cash transactions amid the pandemic, central bank data showed Monday.

2023-01-16 14:56

Bitcoin climbs above $20,000 first time in over two months

Bitcoin climbs above $20,000 first time in over two months

Bitcoin rose on Saturday above $20,000 for first time in over two months.

2023-01-15 09:31

Top court confirms damages payment to investors over Bithumb service outage

Top court confirms damages payment to investors over Bithumb service outage

The Supreme Court has finalized a ruling that ordered damages payment totaling 251.4 million won ($202,400) to investors over a service outage at the country's largest cryptocurrency exchange Bithumb, officials said Friday.

2023-01-13 17:14

Bitcoin on technical rally as fears subside over inflation, rate hikes

Bitcoin on technical rally as fears subside over inflation, rate hikes

Bitcoin is on a technical rally, surpassing the $17,000 mark for the first time in about a month on diminishing inflation concerns. According to data from market tracker CoinMarketCap, Bitcoin was traded at $17,217 as of 3:30 p.m. Tuesday. The world's largest cryptocurrency by market capitalization reached around $16,400 at the end of 2022, but got back on track for a gradual...

Lee Min-hyung | 2023-01-10 16:26

Bithumb's de facto owner acquitted of fraud

Bithumb's de facto owner acquitted of fraud

The de facto owner of the operator of Korea's largest cryptocurrency exchange Bithumb was acquitted Tuesday on charges of defrauding a businessman.

2023-01-03 17:17

Crypto rebound unlikely in early 2023: analysts

Crypto rebound unlikely in early 2023: analysts

The cryptocurrency market is unlikely to achieve a major rebound at least until early 2023, as global monetary authorities will maintain a tight monetary stance for months to come, analysts said. The forecast came amid a prolonged liquidity crisis, which the industry has been facing for the past year, after the U.S. Federal Reserve and other major central monetary authorities...

Lee Min-hyung | 2022-12-31 09:17

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