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Wemade CEO to Take Legal Action Against Looming Delisting of Its Crypto Wemix

Wemade CEO to Take Legal Action Against Looming Delisting of Its Crypto Wemix

SEOUL, Nov. 25 (Korea Bizwire) — Chang Hyun-guk, CEO of Korean game publisher Wemade Co., said Friday that he will take legal action against the recent decision to delist its cryptocurrency Wemix from major crypto exchanges in South Korea. The move came a day after the Digital Asset eXchange Association — an alliance formed by [...]

Meco Limited Announces the Launch of World First Advanced Solar-electric Cryptocurrency Mining Rigs for Enhanced Performance

Meco Limited Announces the Launch of World First Advanced Solar-electric Cryptocurrency Mining Rigs for Enhanced Performance

LONDON, Aug. 30 (Korea Bizwire) — Meco Limited (Mecobit) unveiled the much-anticipated Ultimate Solar Power System (a solar power system with amazing backups and cryptocurrency miners) at an elite launch event at the Hong Kong Technology Bureau in August 2020. Compact Solar Station Solar Panel Kit (Complete) Solar Array M4000 Highlights one of the most [...]

OKX Makes Peer-to-peer Trading Safe, Accessible and Fee-free

OKX Makes Peer-to-peer Trading Safe, Accessible and Fee-free

VICTORIA, Seychelles, Aug. 2 (Korea Bizwire) — World-leading cryptocurrency platform OKX has today introduced its new-and-improved P2P (peer-to-peer) Trading platform. The service not only allows users to trade seamlessly between one another, but makes safe, reliable P2P trading available to a far broader range of users. P2P Trading on OKX empowers users to become their own marketplace [...]

Cellebrite and Chainalysis Partner to Modernize Digital Investigations by Unlocking Cryptocurrency Data

Cellebrite and Chainalysis Partner to Modernize Digital Investigations by Unlocking Cryptocurrency Data

PETAH TIKVA, Israel and TYSONS CORNER, Va. and NEW YORK, July 5 (Korea Bizwire) — Cellebrite DI Ltd. (NASDAQ: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, and Chainalysis, the blockchain data platform, have launched a partnership to enable customers to easily identify and assess criminal activity involving [...]

Game Companies Take Wait-and-See Approach Towards Plunge in the Price of Their Cryptocurrencies

Game Companies Take Wait-and-See Approach Towards Plunge in the Price of Their Cryptocurrencies

SEOUL, June 24 (Korea Bizwire) — South Korean game companies with products featuring virtual coins and other blockchain functionalities are taking a wait-and-see approach towards the recent plunge in the prices of cryptocurrencies operated by them for in-game purchases and trading. Wemix, a cryptocurrency operated by Wemade Co., the developer of the play-to-earn (P2E) game [...]

Growing Number of Embezzlement Cases Related to Crypto Investment

Growing Number of Embezzlement Cases Related to Crypto Investment

SEOUL, June 3 (Korea Bizwire) — Amid a recent series of large-scale embezzlement cases by employees of banks and other financial companies, cases of employees exploiting company funds to invest in cryptocurrencies have continued to pop up over the past couple of years. An unidentified person, an accountant at a fashion manufacturer, was charged with [...]

Crypto Investors Lose Life Savings Due to Terraform Lab’s ‘Deceitful’ Algorithm: Lawyer

Crypto Investors Lose Life Savings Due to Terraform Lab’s ‘Deceitful’ Algorithm: Lawyer

SEOUL, May 21 (Korea Bizwire) — A countless number of investors in two main tokens of Terraform Labs have lost their life savings due to a deceitful algorithm created by Do Kwon, the embattled cryptocurrency firm’s co-founder and CEO, a lawyer representing the investors claimed Friday. In an unprecedented black swan event, TerraUSD, a so-called [...]