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 [...]
VICTORIA, Seychelles, Oct. 12 (Korea Bizwire) – OKX, the world-leading cryptocurrency platform, has offered updates for the week beginning October 10, 2022. OKX now supports BNB Smart Chain (BEP20) network hard fork OKX now supports the Ethereum hard fork and upgrade, which took place at the block height of 22,107,423, or approximately at 08:00 am UTC [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korea’s financial regulator said Thursday that it has found around 10 trillion won (US$7.22 billion) worth of dubious funds sent abroad via local banks in transactions suspected of being linked to cryptocurrency markets. The Financial Supervisory Service (FSS) said that it has conducted a probe in which it [...]
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 [...]
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 [...]
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 [...]
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 [...]