OpenAI CEO Highlights South Korean Chips Sector for AI Growth
Sam Altman, the CEO of OpenAI, recently had discussions with chip-producing firms like Samsung Electronics and expressed his willingness to continue these conversations. Altman met with President Yoon Suk Yeol and urged South Korea to lead in chip production for AI technology during his visit. He also expressed interest in partnering with significant chipmakers like […]
Warnings Lifted: KAVA, WAVES Trading Resumes in Korea
KAVA and WAVES, two cryptocurrencies linked to stablecoins been removed from the South Korean exchanges’ warning list, and their deposit services have been restored. DAXA , a self-regulatory organization for South Korean exchanges, designated KAVA and WAVES as warning items due to their unstable stablecoins USDX and USDN. However, the exchanges have resolved the risk […]
Binance acquires South Korean crypto exchange GOPAX
As a re-entry means into the South Korean crypto market after two years, Binance cryptocurrency exchange has acquired a majority stake in South Korea’s crypto exchange GOPAX. Bitcoin exchange A majority interest in GOPAX, a South Korean cryptocurrency exchange , has been bought by Binance. The “Industry Recovery Initiative,” which is headed by Binance, provided […]
Busan City declares partnership with FTX to create local exchange
The “Blockchain” city of Busan in South Korea keeps forging alliances to promote the development of the cryptocurrency sector. The second-largest city in South Korea , Busan, has declared a partnership with cryptocurrency trading platform FTX in order to establish a local cryptocurrency exchange and promote blockchain innovation. According to a formal announcement made on […]
75% Of Illegal Forex transactions in South Korea are Crypto-Related
According to a Bloomberg study, the adoption rate of cryptocurrencies in South Korea is on the rise and some of these cryptocurrency transactions might support illicit business. According to Bloomberg, the majority of illicit foreign exchange transaction s in South Korea this year have been tied to cryptocurrencies. Additionally, the data indicates that they have […]