Binance Custody to safekeep Wemade’s WEMIX cryptocurrency
Wemade said in an updated statement: “WEMIX Foundation is in close communication with the team at Binance Institutional Services to complete the onboarding process...
[Exclusive] Samsung Invested in FTX, Investment Recovery Unlikely
As the virtual currency exchange FTX eventually filed for bankruptcy, Samsung Next, an investment subsidiary arm of Samsung Electronics, now finds it difficult to...
P2E fever likely to die down among Korean game issuers after Wemix fall
Korean game publishers will likely return to their fundamental commitment of developing globally appealing pastimes as their hyped engrossment with play-to-earn (P2E) model with...
South Korea Revamps Crypto Regulations To Prevent FTX and Terra Repeat
South Korean politician of the People Power Party, Yoon Chang-hyun, proposed amendments to the digital asset safe transaction bill as he believes the existing...
South Korea is looking into crypto exchanges to offer native coins
The governing agency has taken note of the fact that native cryptocurrencies are the single most important cause that has led to the closure...
[SPECIAL] FTX Collapse Strikes South Korea with Vengeance
For the second time in six months, South Korea has been shellacked by a crypto collapse. Following the May 2022 dollar depeg that sank...
South Korean Crypto Exchange Gopax Services Hit by Genesis Disruption
Crypto chaos is finally taking its toll on South Korean exchanges – with the crypto investment bank Genesis’ decision to pause redemptions and new...
Korbit is first South Korean exchange to disclose full crypto reserves, post-FTX debacle
Korbit users and visitors will be able to view a side-by-side comparison of the amount of tokens the exchange owns and the amount...
FTX failure hits an already crypto-weary Korea
The bankruptcy of FTX has hit Korea as Korean investors suffer losses and other cryptocurrencies fall in sympathy with FTX's FTT coin.
It is...
Korea’s PayProtocal to burn half of native digital coin PCI amid FTX crisis
PayProtocal will send its holding of 2.04 billion PCIs to a burn address to remove them from circulation over four transactions, said Danal, its...
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Interest Rate Hike on Deposits at Korean Virtual Asset Exchanges Spurs...
Recently, the number of users depositing Korean won (KRW) on virtual asset exchanges in South Korea to earn interest has been steadily rising. As...
