BONK Price Surge 12% On Major Listing, $10B Market Cap Up?
BONK price experienced a 12% increase upon its listing on a major crypto exchange today, resulting in a new all-time high. Analysts anticipate an additional 100% increase. BONK , a meme coin based in Solana, has experienced a significant increase in value over the past week. Today, it gained an additional 12% in value shortly […]
South Korea Launches CBDC Pilot with Seven Local Banks
Seven South Korean financial lenders have been permitted to participate in a pilot project that will test digital financial services based on CBDCs. Seven domestic banks have been given permission by the Financial Services Commission of South Korea to take part in a pilot program that will test digital financial services based on deposit tokens […]
South Korea’s Crypto Investors Boosts CEX Profits by 106%
Investment portfolios in South Korea remain modest, with 67% of investors holding less than 500,000 won ($362) in crypto assets. During this time period, South Korean cryptocurrency investors witnessed a substantial rise, which coincided with the profitability of the digital asset exchanges in the country. There were 7.78 million cryptocurrency investors in South Korea during […]
Paycoin to End Wallet Services in South Korea
The Paycoin app’s virtual asset custody service will end in South Korea, according to a statement released by PayProtocol AG. This decision is due to difficulties with the domestic regulatory framework, which have kept PCI’s payment services from reopening since February 2023. The company has made the decision to concentrate on its expanding global payment […]
South Korea Fines Worldcoin $829K for Violating PIPA
South Korea’s watchdog levied a fine of 1.1 billion Korean won ($829,000) against the Worldcoin Foundation and its affiliate Tools For Humanity (TFH) for violating the country’s Personal Information Protection Act (PIPA). The country’s Personal Information Protection Commission (PIPC) announced in a plenary session on September 25 that the company would be fined $829,000 for […]