Cryptocurrencies Archives | Be Korea-savvy
Young Investors Panic-stricken over Crash of TerraUSD, Luna Cryptocurrencies

Young Investors Panic-stricken over Crash of TerraUSD, Luna Cryptocurrencies

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 [...]

Blockchain Gaming Industry Concerned over TerraUSD, Luna Debacle

Blockchain Gaming Industry Concerned over TerraUSD, Luna Debacle

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 [...]

CryptoWorldCon, the Largest Conference Focused on Blockchain, Crypto, NFT, Metaverse, Bitcoin, Will be Happening in Miami

CryptoWorldCon, the Largest Conference Focused on Blockchain, Crypto, NFT, Metaverse, Bitcoin, Will be Happening in Miami

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 [...]

Lawmaker Plans to Accept Political Donations in Cryptocurrencies

Lawmaker Plans to Accept Political Donations in Cryptocurrencies

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 [...]

Giftchill Launches Crypto Gift Cards Website to Deliver a Cutting-Edge Customer Experience

Giftchill Launches Crypto Gift Cards Website to Deliver a Cutting-Edge Customer Experience

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 [...]

70 pct of S. Koreans Believe Cryptocurrencies are ‘Without Substance’

70 pct of S. Koreans Believe Cryptocurrencies are ‘Without Substance’

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 [...]

Credit Card Companies Cut Overseas ATM Withdrawal Limits

Credit Card Companies Cut Overseas ATM Withdrawal Limits

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 [...]

Young S. Koreans Struggle with Altcoin Investments

Young S. Koreans Struggle with Altcoin Investments

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, [...]