Crypto
Frax and IQ Introduce KRWQ: A Stablecoin Tied to the Korean Won
Frax and IQ have unveiled KRWQ, a stablecoin pegged to the Korean won, aiming for compliance with local regulations amidst South Korea's stablecoin initiatives.
Crypto
South Korea Mulls Crypto Account Freezes to Combat Manipulation
A proposal under consideration by South Korean financial regulators aims to enable pre-emptive freezes of cryptocurrency accounts suspected of manipulation, mirroring stock market regulations.
Ecosystem
Bitcoin Worth $48 Million Missing in South Korea Due to Phishing Scam
South Korean prosecutors have found that a significant sum of Bitcoin has been lost during a routine audit of confiscated assets, allegedly due to a phishing attack.
Asia
New Era of Surveillance in South Korea's Crypto Market
South Korea's regulatory measures for cryptocurrencies are tightening as new surveillance systems are implemented and significant court rulings are made.
Crypto
Coinone Considers Selling Stake Amid Coinbase Interest
Coinone, a prominent South Korean cryptocurrency exchange, is reportedly looking to sell significant shareholder stakes, with Coinbase purportedly interested in acquiring a stake.
Crypto News
$47M in Bitcoin Disappears From Custody of South Korean Prosecutors
Authorities are investigating a significant loss of Bitcoin reported to be worth approximately $47.7 million due to potential phishing scams.
Crypto
Binance's Response to Upbit Hack Raises Concerns About Freezing Protocols
The investigation into the Upbit hack has highlighted Binance's limited response in freezing requested funds, prompting a discussion on the need for improvements in emergency asset freezing protocols among major exchanges.
News
Wemade collaborates with partners to advance KRW stablecoin initiative following challenges
Wemade has formed the GAKS alliance, comprising Chainalysis, CertiK, and SentBe, to support the mainnet for a compliant KRW stablecoin after facing various obstacles.
Crypto News
Do Kwon Requests Five-Year Sentence in US Before Facing 40 Years in South Korea
Do Kwon, co-founder of Terraform Labs, urges a US court for a five-year prison term amid ongoing legal challenges in South Korea, where he could face up to 40 years.
Crypto
Crypto Highlights: Balancer's Fund Distribution and Upbit's Security Breach
Key updates from the crypto world, including the Balancer community's recovery plan and Upbit's security concerns following a hot wallet breach.
Crypto
Do Kwon Seeks Five-Year Prison Sentence in US Amid South Korean Charges
Do Kwon, co-founder of Terraform Labs, requests a five-year prison term in the US while facing a possible 40 years in South Korea.
Crypto
Stalemate in South Korea's Stablecoin Framework as Regulatory Opinions Clash
Disagreements over the role of banks threaten to delay the introduction of a framework for stablecoins in South Korea, which was anticipated for this year.
News
Korean Stablecoin Regulations at a Standstill Due to Bank Disputes
South Korea faces delays in establishing a framework for stablecoins amidst disagreements regarding the involvement of banks in issuance.
News
Dunamu, Parent Company of Upbit, Eyes US IPO Post-Naver Merger
Dunamu is poised to enter the US financial market with a Nasdaq listing following its merger with Naver.
Crypto
Kaia Foundation Chair Critiques South Korea's Stablecoin Strategy
Dr. Sangmin Seo, chair of the Kaia DLT Foundation, expresses concerns over the Bank of Korea's emphasis on banks for stablecoin issuance.
Ethereum
South Korean Retail Investors Driving Ether's Surge, Says Samson Mow
The rise in Ether's price can be attributed to significant investments from South Korean retail traders, as detailed by industry expert Samson Mow.
Finance
BC Card Launches Pilot for Stablecoin Payments in South Korea
BC Card has successfully conducted a pilot enabling foreign users to utilize stablecoins for payments to local merchants in South Korea.
