KoreaTimes - Cryptocurrency

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The Korea Times

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Cryptocurrency

Tue, May 30, 2023 | 13:16

Frustration grows as Do Kwon's extradition likely to be delayed

Frustration grows as Do Kwon's extradition likely to be delayed

Terraform Labs co-founder Do Kwon's extradition is likely to take much more time, as Montenegrin prosecutors indicted the now-detained crypto fugitive on charges of passport forgery, according to a local report from Pobjeda, a Montenegrin daily.

Lee Min-hyung | 2023-04-21 16:28

'Crypto winter' halves banks' profits from exchanges

'Crypto winter' halves banks' profits from exchanges

As the virtual assets market entered a crypto winter last year, the profits of banks that offer real-name bank accounts for virtual asset transactions in Korea were also halved. The amount of the banks' commission showed a downtrend last year, which was in contrast to the continuous surge observed from 2019 to 2021.

Lee Yeon-woo | 2023-04-16 16:40

Dunamu likely to maintain market dominance

Dunamu likely to maintain market dominance

Dunamu, which operates the nation's leading cryptocurrency exchange, Upbit, is expected to maintain dominance in the market, as other cryptocurrency exchanges in Korea meet problem after problem.

Lee Yeon-woo | 2023-04-12 08:54

Hackers steal 20 billion won worth of coins from crypto exchange

Hackers steal 20 billion won worth of coins from crypto exchange

Hackers stole more than 20 billion won ($15 million) worth of cryptocurrencies from GDAC, a South Korean crypto exchange, the company said Monday.The attack occurred at around 7 a.m. Sunday, resulting in the transfer of digital assets, including over 60 bitcoins and 350 Ethereum tokens, to unidentified wallets.

2023-04-10 20:53

Exclusive cryptocurrency listings raise concerns after Gangnam murder case

Exclusive cryptocurrency listings raise concerns after Gangnam murder case

Concerns are mounting over exclusive listings of cryptocurrencies, following the recent murder of a woman in Seoul's Gangnam District. Such assets could harm investors due to their high price volatility and lack of clear business value.

Lee Yeon-woo | 2023-04-10 15:26

Klaytn seeks to become versatile, sustainable blockchain

Klaytn seeks to become versatile, sustainable blockchain

Klaytn, an open-source public blockchain developed by Korea's largest mobile platform operator Kakao, is seeking to become a more versatile public mainnet used in areas encompassing games, non-fungible token (NFT) and metaverse, Klaytn Foundation Director Sam Seo said in a recent interview. “Our primary goal is to keep sophisticating our blockchain network in a more sustainab...

Lee Min-hyung | 2023-04-08 08:30

Gangnam cryptocurrency murder case: what we know so far

Gangnam cryptocurrency murder case: what we know so far

The recent abduction and murder of a woman in Gangnam District in Seoul involved cryptocurrency investments, prompting experts to point out that a lack of proper regulation of crypto exchanges is hurting investors, while the damage caused by related crimes soars.

Lee Yeon-woo | 2023-04-05 16:12

Failure to secure arrest warrant for Terraform co-founder clouds extradition plan for Do Kwon

Failure to secure arrest warrant for Terraform co-founder clouds extradition plan for Do Kwon

Despite the arrest of Do Kwon, the founder of Terraform Labs, who was on the run in Montenegro, prosecutors in Korea have been unable to obtain arrest warrants for other persons of interest in the case. This could complicate Korea's efforts to have Kwon extradited.

Lee Yeon-woo | 2023-04-03 15:25

Paycoin delisted from cryptocurrency exchanges

Paycoin delisted from cryptocurrency exchanges

Local cryptocurrency Paycoin has been delisted from Korea's top five cryptocurrency exchanges, meaning that around three million Paycoin users will no longer be able to make transactions on these exchanges starting from April 14.

Lee Yeon-woo | 2023-04-02 15:01

Regulator fines exchanges over irregular crypto trades

Regulator fines exchanges over irregular crypto trades

Financial authorities announced that Korea's five cryptocurrency exchanges have neglected their duty to monitor irregular crypto trading practices. These exchanges were fined and given disciplinary warnings and have been instructed to implement improvements within the next three months.

Lee Yeon-woo | 2023-03-30 16:14

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