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The Korea Times

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The Korea Times

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Cryptocurrency

Mon, May 29, 2023 | 21:38

UDC 2022 kicks off in Busan with focus on blockchain

UDC 2022 kicks off in Busan with focus on blockchain

BUSAN - The Upbit Developer Conference (UDC) 2022 started Thursday with great fanfare under the key theme of “Imagine your blockchain life,” bringing together prominent blockchain developers from here and abroad in the nation's largest port city. Leaders and developers from major blockchain network operators - such as Polygon, Solana, TRON and FTX - have appeared at the event...

Lee Min-hyung | 2022-09-22 16:58

Dunamu looks to global NFT market for growth

Dunamu looks to global NFT market for growth

Dunamu looks to global NFT market for growth

BUSAN - Dunamu, the operator of the nation's dominant crypto exchange platform, Upbit, has identified the worldwide non-fungible token (NFT) industry as its next big growth area amid the rise of the “fandom economy,” CEO Lee Sirgoo said, Thursday, on the sidelines of this year's Upbit Developer Conference (UDC) in Busan. “We have tried multiple businesses - such as custody an...

Lee Min-hyung | 2022-09-22 16:50

UDC 2022 kicks off in Busan with focus on blockchain

Dunamu ready to discuss new blockchain paradigm at UDC 2022

Dunamu ready to discuss new blockchain paradigm at UDC 2022

BUSAN ― Dunamu is all set to put on the agenda the next blockchain paradigm during the Upbit Developer Conference (UDC) 2022, which will kick off its two-day run in the nation's southern port city of Busan from Thursday. The annual blockchain conference ― hosted by the operator of Korea's leading cryptocurrency exchange ― is one of the largest of its kind here. Dunamu expects...

Lee Min-hyung | 2022-09-21 14:54

Korea asks Interpol to issue Red Notice for Terra-Luna founder

Korea asks Interpol to issue Red Notice for Terra-Luna founder

Korean prosecutors have asked Interpol to issue a Red Notice for Do Kwon, co-founder of the ill-fated Terra-Luna coins, saying that he is “obviously on the run” and seems unwilling to cooperate with the investigation. According to Seoul Southern District Prosecutors' Office, the prosecution requested the international police and crime control authority to place Kwon on its Re...

Lee Min-hyung | 2022-09-20 15:40

Fears of rate hikes hit crypto market despite Ethereum Merge upgrade

Fears of rate hikes hit crypto market despite Ethereum Merge upgrade

Fears of external monetary uncertainty are bringing jitters to the global crypto industry despite Ethereum's much-anticipated Merge upgrade, which many critics have considered a major turning point for revving up lukewarm crypto sentiment. The world's second-largest cryptocurrency by market capitalization completed Thursday the system upgrade with an environmentally friendly ...

Lee Min-hyung | 2022-09-19 16:12

Terraform founder Do Kwon 'obviously on the run,' prosecutors say

Terraform founder Do Kwon 'obviously on the run,' prosecutors say

Korean prosecutors said Sunday that Do Kwon, the wanted founder of Terraform Labs accused of fraud following the massive collapse of the firm's cryptocurrencies in May, is "obviously on the run" and not cooperating with the investigation.

2022-09-18 17:03

Do Kwon faces escalating criticism for vague comments on whereabouts

Do Kwon faces escalating criticism for vague comments on whereabouts

Do Kwon faces escalating criticism for vague comments on whereabouts

Do Kwon, co-founder of Terraform Labs, is drawing escalating criticism for making vague comments on his whereabouts without responding to a warrant prosecutors filed for his arrest. “I am not 'on the run' or anything similar - for any government agency that has shown interest to communicate, we are in full cooperation and we don't have anything to hide,” he said on Twitter, S...

Lee Min-hyung | 2022-09-18 14:31

Upbit's developer conference set to attract thousands of experts

Upbit's developer conference set to attract thousands of experts

Upbit, the nation's largest cryptocurrency exchange, is set to attract thousands of experts from Korea and abroad during its upcoming annual developer conference. The Upbit Developer Conference (UDC) 2022 will kick off its two-day run in the nation's southern port city of Busan on Sept. 22.

Lee Min-hyung | 2022-09-05 15:59

Crypto exchanges suffer earnings falls amid rate hikes, freezing sentiment

Crypto exchanges suffer earnings falls amid rate hikes, freezing sentiment

Korea's cryptocurrency exchanges reported drastic earnings falls in the first half of this year, hit hard by freezing investor sentiment amid global monetary tightening. According to data from the Financial Supervisory Service (FSS), Dunamu reported 785 billion won in sales during the same period, down 61.3 percent from a year ago when the crypto investment boom reached its p...

Lee Min-hyung | 2022-08-31 08:41

Will Coinone increase market share with KakaoBank?

Will Coinone increase market share with KakaoBank?

Coinone, the nation's third-largest cryptocurrency exchange, is seeking a fresh breakthrough in a partnership with KakaoBank amid bearish market sentiment. Under the partnership, the internet-only bank will offer real-name accounts for Coinone users. The exchange aims to attract more investors, as Dunamu - the operator of the largest crypto exchange here, Upbit - did after cl...

Lee Min-hyung | 2022-08-30 16:48

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