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Recently, the Fear and Greed Index of the cryptocurrency market has entered the ‘Extreme Greed (83)’ zone, and Upbit’s Fear and Greed Index is also pointing to the ‘Greed (75.16)’ stage, raising concerns about the market overheating. In particular, the…
The Digital Asset Exchange Joint Consultative Association (DAKSA) has released a “User Deposit Fee Rate Calculation Model Standard” to help cryptocurrency exchanges reasonably set customer deposit fee rates. The standard is a response to the Virtual Asset User Protection Act…
With the Democratic Party of Korea supporting the abolition of the financial investment income tax, the taxation of crypto assets related to it is likely to be delayed until 2027 or later. The government has already submitted a bill to…
Gopax’s offer to reimburse GOFI investors at last year’s January rate (28 million won per bitcoin) has been met with strong investor opposition, complicated by Binance’s negotiations to sell its stake in Gopax as it approaches the December deadline for…
The Personal Information Protection Commission (PIPC) has fined WorldCoin 1.14 billion KRW and issued a corrective order for violating the Personal Information Protection Act. Worldcoin Foundation and Tools for Humanity (TFH) were found to have illegally collected and transferred iris…
The Bitcoin mining industry is facing new challenges. The mining difficulty index recently hit an all-time high of “92.671 trillion,” raising red flags for miners’ profitability. This is compounded by the aftermath of halving, which was implemented in April. With…
North Korean hackers are distributing a new malware called “COVERTCATCH” via LinkedIn. They are attacking developers disguised as job ads, and are specifically targeting the Web3 and cryptocurrency sectors. The cyber attack takes place in the following order: a hacker…
Cryptocurrency scammers utilizing AI-powered deepfake videos increased their activity in the second quarter of 2024, according to a new report. Software firm Zen Digital has tracked a group of crypto scammers called “CryptoCore,” who are exploiting official videos of renowned…
Kim So-young, vice chair of the Financial Services Commission, and Mark Uyeda, senior commissioner of the U.S. Securities and Exchange Commission (SEC), met to discuss the impact of the proposed regulation of non-bank financial institutions and trends in virtual asset…
South Korea’s banking industry is taking a more positive stance on working with crypto exchanges. This is evident in concrete moves such as Bithumb, one of the largest cryptocurrency exchanges in South Korea, entering into an agreement with KB Kookmin…
