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 [...]
SEOUL, June 21 (Korea Bizwire) — South Korean young people who invested heavily in apartments, stocks or crypto-assets last year are being hit with a breakdown in asset values. What’s more, the expected rise of U.S. interest rates is getting people worried, especially those who have borrowed large sums of money to buy real estate. [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
TOKYO, Nov. 26 (Korea Bizwire) — After the hugely successful additions of DOGECOIN and SHIBA, GiftChill is thrilled to add KISHU to their list of accepted forms of payment. KISHU is currently available on over 20 different exchanges and is growing rapidly. This relatively new cryptocurrency, which just launched in April of 2021, is set to be [...]