cryptocurrency Archives | Be Korea-savvy
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 [...]

Crypto Investor Probed for Alleged Trespassing at Terraform CEO’s Home

Crypto Investor Probed for Alleged Trespassing at Terraform CEO’s Home

SEOUL, May 16 (Korea Bizwire) — A crypto investor accused of trespassing at the apartment of Do Kwon, co-founder and CEO of Terraform Labs, underwent a police investigation in Seoul on Monday. The suspect, whose identity has been withheld, allegedly entered the apartment complex in eastern Seoul last week and then rang the doorbell, looking [...]

S. Korea to Implement World’s First ‘Travel Rule’ on Cryptocurrency Market

S. Korea to Implement World’s First ‘Travel Rule’ on Cryptocurrency Market

SEOUL, March 25 (Korea Bizwire) — From now on, virtual asset businesses must provide details about the sending and the receiving clients when transferring virtual assets worth more than 1 million won (US$820) to a different business. The Korea Financial Intelligence Unit introduced the new ‘travel rule’ policy on Friday. The travel rule refers to [...]

User-friendly Cryptocurrency Exchange, BingX, Announces the Addition of 10SET, MC, NIF, and DEVT to the Platform for Spot Trading Amidst Plans to List More High Grade Crypto Assets

User-friendly Cryptocurrency Exchange, BingX, Announces the Addition of 10SET, MC, NIF, and DEVT to the Platform for Spot Trading Amidst Plans to List More High Grade Crypto Assets

SEOUL, SOUTH KOREA, Feb. 4 (Korea Bizwire) – The team at BingX is not resting on their oars by delivering the best experience to crypto enthusiasts across the globe with the recent announcement of the availability of10SET, Merit Circle (MC),Unifty, andDecentralised eternal virtual traveller for spot trading. The decision is in line with the goal of [...]

GiftChill, the Mega Gift Cards Platform Adds Three Meme Coins to Their List to Purchase Gift Cards

GiftChill, the Mega Gift Cards Platform Adds Three Meme Coins to Their List to Purchase Gift Cards

TEL AVIV, Israel, Dec. 26 (Korea Bizwire) – GiftChill (giftchill.co.uk), a cryptocurrency to gift card exchange platform, has recently added three more cryptocurrencies to its ever-growing list of accepted coins and tokens; DogeCoin (DOGE), Shiba Inu (SHIB), and Kishu Inu (KISHU).  As a leading gift card purchasing platform, GiftChill has come a long way to becoming a mainstay of cryptocurrency use cases. While [...]

Hathor (HTR) Lists on Crypto Exchange Gate.io

Hathor (HTR) Lists on Crypto Exchange Gate.io

GEORGE TOWN, Cayman Islands, Dec. 23 (Korea Bizwire) — Hathor Labs is excited to announce that it has successfully listed its native token, HTR (“Hathor”), on cryptocurrency exchange Gate.io. The listing on Gate.io is part of Hathor’s global expansion plan, aiming to facilitate access to HTR across geographies. The listing on Gate.io took place after [...]