SEOUL, May 18 (Korea Bizwire) — The shocking implosion of the TerraUSD and Luna cryptocurrencies threw many young investors into a panic, some of them saying their entire assets were blown up or even leaving suicidal messages. In a crash starting a week earlier, the once bullish TerraUSD and sister coin Luna had lost almost [...]
SEOUL, May 16 (Korea Bizwire) — South Korean game companies with products featuring virtual coins and other blockchain functionalities remain on heightened alert over adverse effects from the recent collapse of the TerraUSD and Luna cryptocurrencies, industry officials said Monday. Cryptocurrencies operated by South Korean gaming companies for in-game purchases and trading have undergone volatile [...]
MIAMI, March 2 (Korea Bizwire) — With less than 30 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 Weekend April 1-2, 2022, held at one of Miami’s most prominent and renowned venues, the James L. Knight Center. This [...]
SEOUL, Dec. 30 (Korea Bizwire) — A ruling party lawmaker plans to accept political donations in cryptocurrencies, his office said Thursday, amid rising interest in virtual assets in the country. Rep. Lee Kwang-jae of the ruling Democratic Party is trying to get campaign contributions in virtual currencies and issue non-fungible tokens (NFTs) as a receipt [...]
SINGAPORE, Nov. 9 (Korea Bizwire) — Located in the UK, GiftChill recently revamped its website. As an international leader in the gift card industry, GiftChill offers a unique one-stop-shop experience for customers seeking to purchase gift cards online. Customers can now use the GiftChill website to browse hundreds of featured gift cards, check product reviews, and [...]
ST PETER PORT, Guernsey and NEW YORK, Sept. 21 (Korea Bizwire) — Global Telephony Company, Webtel.mobi, (“WM”) is about to recommence unrestricted Global Operations with a Global Digital Currency that it has been confidentially testing and refining since 2009. WM first developed its TUV Digital Currency as a fully functional dual-use product – a Global [...]
SEOUL, June 1 (Korea Bizwire) — Seoul police said Tuesday they have recently cracked down on more than 520 drug trafficking suspects on charges of distributing, selling or buying drugs over the dark web using cryptocurrencies. The Seoul Metropolitan Police Agency said 521 suspects — 49 distributors and sellers of smuggled drugs and 472 drug [...]
SEOUL, May 28 (Korea Bizwire) — Despite the burgeoning interest in cryptocurrencies in South Korea, a majority still believe that investing in the digital currencies is speculative and without substance. Four Seoul-based pollsters — Embrain Public, KSTAT Research, Korea Research International Inc. and Hankook Research — conducted a survey of 1,008 male and female adults [...]
SEOUL, May 26 (Korea Bizwire) — South Korea’s credit card companies are cutting overseas automated teller machine (ATM) withdrawal limits as part of their risk management efforts. The nation’s largest credit card company, Shinhan Card Co., announced on Tuesday that it will reduce per-client overseas ATM withdrawal limits to US$50,000 per month starting from next [...]
SEOUL, May 11 (Korea Bizwire) — Increasing number of younger South Koreans are struggling with frustration over investment in the so-called ‘altcoins’, low-price and high-risk cryptocurrencies. Many university students and recent lower-income graduates are showing up at hospitals to treat psychological stress caused by fluctuations in altcoin prices. An individual referred to only as Song, [...]