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South Korean exchange Bithumb celebrates its 10th anniversary with enhanced investor safeguards. It offers real-time data on supported cryptocurrencies’ circulating supply, inflows, and trading volume. Users can access details on holders, top traders, and compensation policies for system failures reported…
The cryptocurrency market in South Korea is witnessing a competitive landscape among domestic exchanges vying for market dominance. According to recent Coinmarketcap data, Upbit leads with a 62.88% market share in the KRW market, followed by Bithumb at 33.15%. However,…
Korbit, Korea’s premier virtual asset exchange, has outpaced Coinone in 24-hour trading volume, securing the third spot among major Korean currency exchanges. This feat was driven by the impact of ‘Wemix,’ a virtual asset introduced by Wemade, a prominent Korean…
WEMIX stands out globally as the 9th highest-ranking blockchain project by Total Value Locked (TVL) on Coinmarketcap, signifying significant confidence in its cryptocurrency. The majority of WEMIX deposits stem from staking, indicating robust on-chain economic activity and trust within its…
Confiscated cryptocurrency assets used in crimes are now being returned more efficiently. Investigators no longer need personal accounts; they use a corporate one linked to the prosecutors’ office. This system, made with the FIU and exchanges, sells assets for Korean…
The Bank of Korea (BOK), along with MOEF, FSC, and IMF, will host the 2023 International Conference on ‘Digital Money: Navigating a Changing Financial Landscape’ on the 14th and 15th of this month. Top officials like IMF Managing Director Georgieva,…
Korbit, a cryptocurrency exchange, has decided to resume trading support for Wemix, nearly a year after it was removed from the Digital Asset Exchange Association (DAXA) member exchanges due to a circulation controversy. The exchange’s decision follows the resolution of…
Dunamu, a prominent blockchain and fintech company, has reappointed Mr. Lee Seokwoo as CEO until December 2026 after a shareholder meeting. Mr. Lee, previously a journalist and holding various key roles in technology companies like IBM Korea, NHN US, Kakao,…
Cristiano Ronaldo faces a $1 billion class action lawsuit in the United States over his endorsement of Binance, the world’s largest cryptocurrency exchange, which allegedly led to financial losses for users. The lawsuit claims that Ronaldo’s promotion caused investors to…
The U.S. Treasury Department imposed new sanctions on North Korea’s cyber activities by adding the site “Shinbad” to the Specially Designated Nationals List. Shinbad allegedly played a role in laundering cryptocurrency stolen by Lazarus Group, a North Korean-backed hacking organization.…
