South Korean Foundation to Return Funds from Defunct Exchanges
The Digital Asset User Protection Foundation, established to facilitate the return of funds frozen in defunct exchanges, will provide a new ally to South Korean cryptocurrency exchange customers. The self-regulatory Digital Asset Exchange Joint Consultative Group (DAXA) submitted an initiative to establish the foundation to South Korea’s Financial Services Commission (FSC). Activities for the foundation […]
Chainalysis: Premium Index Boosts South Korean Crypto Market
The Korea Premium Index drives price increases in South Korea’s crypto market, where institutional trading is crucial. A recent report from Chainalysis shows that South Korea’s cryptocurrency market is experiencing significant growth, largely driven by the rise in the Korea Premium Index. The report emphasizes that local demand, institutional trading, and specific market dynamics in […]
Chiliz Blockchain Partners with Naver on Crypto Wallet
South Korean internet search company Naver is developing a non-custodial crypto wallet, with the Chiliz blockchain serving as its first. South Korean tech giant Naver is introducing its first cryptocurrency wallet, Naver Pay Wallet, in collaboration with the sports-focused blockchain platform Chiliz. Chiliz, a layer-1 blockchain designed to support fan tokens, announced in an August 29 […]
South Korean Crypto CEO Stabbed During Fraud Trial
South Korean Crypto CEO was stabbed in a courtroom during the trial of the company’s executives, accused of stealing $826M. While he was in court in Seoul, the chief executive officer of a cryptocurrency company based in South Korea sustained several stab wounds. Hugo Hyungsoo Lee, the Chief Executive Officer of Haru Invest, a cryptocurrency-earning […]
Upbit Lowers Withdrawal Fees for Shiba Inu, 21 Cryptos
Upbit announced a reduction in withdrawal fees for 22 cryptocurrencies, including ETH and SHIB effective August 23, 2024. Upbit, the premier global digital asset exchange in South Korea, has today announced a decrease in withdrawal fees for 22 cryptocurrencies. These include notable tokens such as Shiba Inu (SHIB) and Ethereum (ETH). Upbit Cuts Down Withdrawal […]