News list for " South Korea"
According to the official news of PANDORA Chain, the "Gathering, Unbounded PANDORA Ecological Launch Conference" hosted by the PANDORA Foundation and co-organized by the Global Supernode Support was grandly held in Jeju Island, South Korea on March 20 and successfully opened. PANDORA global developers, communities, partners, institutions, etc. witnessed this historic moment. Pandora Chain is a new generation of super public chains for complex computing. As an open, inclusive and dynamic ecosyste...
On February 26, according to the "Modern Express" report, a Chinese man was found dead in a hotel in Jeju, South Korea, presumably killed while trading virtual currency. South Korean police have arrested four Chinese suspects, namely two women in their 30s, a man in his 30s and a man in his 60s. Four suspects have been confirmed to have fled with the victim's 85 million won, and are currently investigating the motive and process of the crime.
Definalist, a South Korean trader, posted on social media, "I think the biggest event today and tomorrow may be the MELANIA token unlock, which takes place in two days: Today (17:26 Beijing time on the 19th), there are still 5 hours left, worth 37 million US dollars MELANIA unlocked; Tomorrow (17:47 Beijing time on the 20th), the value of 27.80 million US dollars MELANIA will be unlocked. "
Definalist, a South Korean trader, posted on social media, "I think the biggest event today and tomorrow could be the MELANIA token unlock, which takes place over two days." Today (17:26 Beijing time on the 19th), there are still 5 hours left, worth 37 million US dollars MELANIA unlocked; Tomorrow (17:47 Beijing time on the 20th), the value of 27.80 million US dollars MELANIA will be unlocked. "
According to Etoday, South Korea's Supreme Court has ruled that stablecoin TerraUSD and cryptocurrency Luna are not considered financial investment products or securities. The digital assets collapsed in May 2022, losing about $40 billion in value. The latest court decision could affect similar legal disputes in lower courts. In November 2022, a Seoul court rejected a prosecutor's request to seize the assets of Daniel Shin, co-founder of Terraform Labs, the company behind the tokens.
South Korea's acting president, Choe Sang-mu, said on Friday that authorities will communicate with market participants and prepare to lift the ban on selling short stocks imposed in November 2023 by the end of the quarter as planned. Authorities will closely monitor financial marekt, citing high uncertainty over U.S. trade policy and global geopolitical factors.
South Korean police recently arrested 90 Vietnamese suspects suspected of using cryptocurrency to sell drugs in bars and clubs across the country. The suspects smuggled the drugs into the country disguised as coffee and vitamin packages and distributed them in Vietnamese bars and clubs in several cities, the police said. The police initially estimated that the gang smuggled drugs worth 1.04 billion won (about 721,000 US dollars), of which about 710 million won (nearly 500,000 US dollars) has bee...
According to Tokenpost, the president of the Korea Financial Investment Association, Seo You-suk, said at the New Year's meeting in Yeouido, Seoul, that he will actively support the institutionalization of domestic token securities and the approval of virtual asset ETFs. President Xu pointed out that, given that Bitcoin and Ethereum spot ETFs have been listed and traded in the United States, Hong Kong, Canada, etc., South Korea should also at least list Bitcoin or Ethereum ETFs and cultivate the...
South Korea's bitcoin "kimchi premium" surged to 9.7% at 2 a.m. on February 3, hitting a 10-month high since April 2024, driven by concerns about Trump's tariff war. Min Jung, analyst at Presto Research, said kimchi premiums typically rise during bull markets but can also spike during panic selling, as selling pressure on Korean exchanges is lower than in global markets. As of press time, kimchi premiums have fallen back to 8.24 per cent, compared with a historical average of about 5 per cent.
According to South Korean media NEWSIS, South Korean prosecutors asked the court on Thursday to extend Yoon's detention.
On January 22, according to Cointelegraph, South Korea's largest cryptocurrency exchanges Upbit and Bithumb will compensate users for losses caused by the network failure in December 2023, with a compensation amount of 2.40 million US dollars, which is the largest compensation in the history of South Korean cryptocurrency exchanges.
Kim Byung-hwan, chairperson of South Korea's Financial Services Commission (FSC), said he plans to announce his position on allowing businesses to invest in virtual assets (cryptocurrencies) as soon as possible, while also expediting preparations for the stablecoin regulatory system and the second phase of legislation.
According to News1, Kim Byung-hwan, chairperson of the South Korean Financial Commission, said on allowing legal persons to invest in virtual assets: "The content of the legal person account was omitted from the press release issued by the Virtual Asset Commission (meeting) last week. So there is speculation whether it will not be advanced, but it is not the case. Since the committee has discussed the relevant content before, we will determine the position and announce it as soon as possible." H...
The cybercrime investigation unit of the local police department in Busan, South Korea, has filed a non-detention indictment against a gang accused of laundering about 1.10 trillion won (about $756.80 million) through a fake cryptocurrency trading platform used by illegal gambling websites, the Korea Daily reported. The gang allegedly made about 10 billion won (about $6.88 million). From January 2022 to September 2023, they operated five offices in South Korea, developed fake trading websites an...
On January 20, according to Yonhap News Agency Infomax, in order to avoid the recurrence of the transaction connection delay problem caused by the computer system failure encountered by various crypto exchanges in South Korea after the country declared a state of emergency on December 3 last year, Dunamu, the operator of the South Korean cryptocurrency exchange Upbit, as well as Bithumb and Coinone, submitted a response plan to the Financial Supervisory Service (FSS) last month. A key measure in...
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