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 […]
Bithumb Wins 130M Won Corporate Tax Lawsuit
The Seoul High Court Administration Department recently absolved Bithumb of a massive 130 million won corporate tax charge. The Seoul High Court Administration Department 1-3 has recently ruled in favor of the South Korean crypto exchange, Bithumb, regarding an appeal to eliminate specific tax charges. Presided over by Judges Lee Seung-han, Shim Jun-bo, and Kim […]
World’s 3rd Largest Pension Fund Buys $34M in MicroStrategy Shares
South Korea’s National Pension Service, the world’s third-largest public pension fund, purchased $34 million worth of MicroStrategy shares. The third-largest public pension fund in the world has recently acquired roughly $34 million in shares of MicroStrategy, a business intelligence firm that purchases Bitcoin. According to a filing with the United States Securities and Exchange Commission […]