SEOUL, Feb. 6 (Korea Bizwire) — Bitcoin tumbled below 100 million won in South Korea on Friday, sinking to its lowest level in more than a year as tightening expectations in the United States rattled risk assets worldwide. As of 7:30 a.m. on Upbit, the country’s largest cryptocurrency exchange, one bitcoin was trading at 93 million [...]
SEOUL, Aug. 26 (Korea Bizwire) — A new breed of company, built on hoarding cryptocurrencies as core assets, is reshaping stock markets from the United States to Japan — and now South Korea. But the meteoric rise of these so-called Crypto Treasury Companies (CTCs) has triggered debate over whether they represent innovative investment vehicles or dangerous [...]
SEOUL, July 14 (Korea Bizwire) — Bitcoin prices hit an all-time high on a South Korean cryptocurrency exchange Monday, in line with global rallies fueled by optimism over long-awaited policy support for the industry. Bitcoin had been trading at 165.9 million won (US$120,113) per unit as of around 3:40 p.m. on the local crypto exchange [...]
SEOUL, Nov. 13 (Korea Bizwire) – As Bitcoin reaches unprecedented heights globally, an unusual phenomenon has emerged in South Korea: domestic trading prices have fallen below international rates, marking a rare reversal of the nation’s traditionally higher cryptocurrency valuations. According to data from CryptoQuant, a cryptocurrency analytics firm, the Bitcoin Kimchi Premium Index registered at -0.88% [...]
SEOUL, May 20 (Korea Bizwire) – E-Mart24, a leading convenience store chain in South Korea, announced on May 19 that all 30,000 units of its highly anticipated Bitcoin Lunchboxes, launched as part of a promotion in collaboration with the cryptocurrency exchange Bithumb on May 8, had sold out amid overwhelming customer demand. Priced at 5,500 won, [...]
SEOUL, Mar. 27 (Korea Bizwire) — The financial regulator announced plans Wednesday to introduce new rules on the investigation and punishment of illegal transactions involving virtual assets. The new rules will be implemented in tandem with the new Virtual Asset Users Protection Act, set to be enacted July 19, according to the Financial Services Commission [...]
SEOUL, June 20 (Korea Bizwire) — A person ruled guilty of misappropriation for ‘keeping’ bitcoins that were inadvertently sent to him has been found not guilty on appeal and remanded trial. Suwon High Court recently ruled that the 32-year-old man charged with breach of trust was not guilty. In June 2018, 199.999 bitcoins, worth 1.48 billion won [...]
BUCHAREST, Romania, June 6 (Korea Bizwire) — SourceLess project began in the city of Constanta, in the south east part of Romania, and we wanted to have our first event in Romania where people could learn about who we are. The Bitcoin Bucharest event took place in a historic location. The location for the event [...]
BUCHAREST, Romania, May 26 (Korea Bizwire) – Bitcoin Bucharest 2022 takes place on May 30 and 31 at The Marmorosch Bucharest, Autograph Collection Hotel, being the first event of its kind in the Romanian capital that aims to bring together cryptocurrency, blockchain, web 3.0, metaverse and NFT enthusiasts. With a revolutionary approach to virtual currency, natural resources [...]
MIAMI, Feb. 17 (Korea Bizwire) — Only 40 days away, CryptoWorldCon (CWC), the event of blockchain technology and cryptocurrencies focused on cutting-edge schemes and trends in the blockchain market, will kick off Miami´s BitCoin Month on April 1 & 2, 2022, at one of Miami’s most prominent and renowned venues, the James L. Knight Center. This [...]