Crypto News
Upbit Faces $38.5 Million Loss Due to Sudden Outflow of Solana Tokens
South Korean exchange Upbit reports a significant loss from an unauthorized transfer, ensuring customers will not bear the financial impacts.
Business
Upbit Faces $36 Million Security Breach Following Naver Acquisition Announcement
South Korea's Upbit exchange has halted deposits and withdrawals after a $36 million breach, coinciding with a major acquisition deal with Naver.
Crypto
Upbit Faces $36 Million Breach After Major Acquisition Deal with Naver
Upbit, South Korea’s largest cryptocurrency exchange, has encountered a significant breach involving $36 million in unauthorized withdrawals from a Solana hot wallet just as the company finalized a $10 billion deal with Naver.
Crypto
South Korea Intensifies Crackdown on Crypto Assets Held in Cold Wallets
South Korea's National Tax Service is expanding measures against tax evasion by targeting cryptocurrency cold wallets.
Finance
Caution for Bitcoin Bulls as South Korea's Kospi Hits All-Time High
Analyst warns that the surge in Korea's Kospi index may herald the end of Bitcoin's bull run.
Crypto
Major South Korean Banks to Discuss Stablecoin Collaborations with Tether and Circle
Executives from top South Korean financial institutions will meet with representatives from Tether and Circle to discuss the potential integration of stablecoins into the country's financial system.
Finance
South Korea Stops Crypto Firms from Creating New Lending Solutions Amidst Rising Leverage
Regulatory bodies in South Korea halt the introduction of new crypto lending products to protect users as leverage risks rise.
Finance
Analyzing Asian Stablecoin Adoption: South Korea vs. Japan
A look into how South Korea and Japan are approaching the implementation of stablecoins and CBDCs, exploring the implications for investors.
Altcoins
Political Tensions Emerge in South Korea Over Stablecoin Regulations
South Korea's political arena heats up as major parties unveil competing legislations on stablecoins, stirring debate on monetary policies.
Altcoins
South Korea's Financial Supervisory Service Calls for Reduced ETF Exposure to Coinbase
In a move to limit foreign crypto risks, South Korea's FSS advises asset managers to cut ETF holdings related to Coinbase.
Altcoins
Crypto Developments in Asia: Metaplanet's Major Move and Security Concerns
This week in Asia's cryptocurrency landscape showcases major firm acquisitions and rising security threats.
Crypto
Coinone Wins Legal Victory in South Korea Over Double Bitcoin Withdrawals
The court ruled that customers benefitted from an unintentional advantage due to network delays, rather than any fault of Coinone.
Crypto
Upbit Collaborates with Naver Pay on New KRW Stablecoin Initiative
The partnership aims to develop a won-based stablecoin to ease trading and reduce the 'kimchi premium' in South Korea.
Finance
Bank of Korea Pauses CBDC Initiative Amid New Stablecoin Bill Submission
The Bank of Korea has halted its central bank digital currency project, coinciding with the government's new proposal allowing companies to issue stablecoins.
Blockchain
South Korea Suspends CBDC Initiatives as Stablecoins Rise
The South Korean government has halted its Central Bank Digital Currency (CBDC) pilot project amid increasing adoption of stablecoins, reflecting a significant shift in the nation's financial strategy.
Crypto
Investors Flock to Circle in South Korea Amid Stablecoin Regulation Changes
South Korean retail investors are shifting focus towards Circle Internet Group, making it the top foreign stock amidst regulatory changes for stablecoins.
Altcoins
South Korean Banks Collaborate on New Won-Backed Stablecoin Initiative
A coalition of eight South Korean banks has formed a consortium to develop a won-backed stablecoin, marking a significant step towards digital currency integration in the region.
Crypto
Leading Banks in South Korea Collaborate to Create Won-Backed Stablecoin
A consortium of South Korea's major commercial banks is working on a stablecoin linked to the Korean won, aiming to counter the dominance of foreign stablecoins.
Crypto
South Korean Biotech Secures $183.3M to Develop Bitcoin Reserves
Bridge Biotherapeutics aims to establish a Bitcoin treasury, supported by significant funding from Parataxis.
Business
Tencent Considers Buying Nexon, the Creator of MapleStory Gaming Franchise
Tencent is looking to acquire Nexon, a South Korean game developer known for popular titles such as Dungeon & Fighter and MapleStory.
