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The court has denied Galaxy Foundation’s request for a preliminary injunction to terminate Galaxia’s support for Bithumb trading, resulting in GXA being delisted at 3pm today. Galaxy expressed regret over the decision and intends to pursue legal options while continuing…
Huobi Korea, a South Korean cryptocurrency exchange, has announced the shutdown of its exchange services due to operating losses and impending license renewal requirements. The company cited efforts to improve its platform and system upgrades but ultimately decided to cease…
The Financial Supervisory Service has launched the Virtual Asset Supervision and Investigation Bureau to oversee and investigate virtual assets. The bureau, consisting of 33 members, including IT experts, lawyers, and accountants, aims to address the recent market fluctuations caused by…
South Korean financial authorities have reaffirmed their prohibition on domestic financial firms from facilitating bitcoin spot ETFs, citing concerns about potential violations of existing government stances and capital market laws. The Financial Services Commission emphasized the challenges in directly applying…
The recent relisting of WEMIX on exchanges like Korbit and Gopax sparked intense competition in the KRW market. Airdrop events and incentives, especially by Korbit, resulted in a significant surge in WEMIX trading volume. Korbit’s ongoing airdrop event and incentives…
Financial authorities in South Korea are tightening cryptocurrency operator qualifications to prevent individuals with records of violating foreign financial laws from holding executive positions. This move, aimed at enhancing market integrity, includes amending the Enforcement Decree of the Act on…
The Ministry of Personnel Management will conduct the ‘2024 Regular Property Change Report for Public Officials’ until the end of next month. Around 290,000 public servants, including various government officials and specific ranks within certain fields, are required to disclose…
In the last three years, 18 members of the National Assembly traded cryptocurrencies, with 10 not reporting their military discharge while holding or trading virtual assets. The Anti-Corruption and Civil Rights Commission completed a full investigation into the 21st National…
Do-Hyung Kwon and Terraform Labs faced legal actions from various authorities including the U.S. Securities and Exchange Commission (SEC) for allegedly selling unregistered securities involving cryptocurrencies like Terra, MIR, and mAssets. These actions involved raising billions from investors between April…
Bithumb’s trading volume soared to $1.7159 billion on Sept. 26, marking a drastic surge from $118.88 million three months earlier. This rise is narrowing the gap between Bithumb and Upbit, which holds the top spot with a 90% market share.…
