₩100 Trillion in Crypto Flows Overseas — “Capital Outflow” Alarm Rings in Korea
South Korea’s digital asset market is seeing unprecedented capital flight. According to the Financial Intelligence Unit (FIU), more than ₩101.6 trillion worth of cryptocurrencies...
Dunamu Tests Korean Won-Backed Stablecoin on Its Blockchain — Aims to Be Korea’s First
Dunamu has begun testing a Korean won–based stablecoin on its proprietary blockchain “Giwa Chain,” marking the first such experiment in Korea ahead of full...
Busan Digital Asset Exchange to Operate During Chuseok Holiday
Busan Digital Asset Exchange (BDAN) will remain open throughout the Chuseok holiday, continuing its nearly 24-hour trading schedule to ensure investors can respond immediately...
Bithumb Scales Back Crypto Lending Service Amid Leverage Crackdown
Bithumb has significantly adjusted its crypto lending operations. As of September 24, the exchange reduced the maximum loan-to-collateral ratio for its “Lending Plus” service...
“Naver Moves to Acquire Upbit Operator Dunamu, Eyes Stablecoin and Digital Finance Synergy”
Naver has drawn attention in the market following reports that it has begun work to acquire Dunamu, the operator of Upbit, the nation’s largest...
Arthur Hayes: “If Trump Seizes the Fed, Digital Assets Will Explode… Bitcoin Could Hit...
Arthur Hayes, co-founder of Maelstrom and former co-founder of BitMEX, made another bold prediction on stage at Blockfesta 2025, held at the Textile Center...
Concerns Over Crypto ‘Money Laundering’ Grow as Suspicious Transactions Hit Record High This Year
Concerns over money laundering and other illicit activities in Korea’s virtual asset market are once again on the rise. According to data from the...
BDACS Completes Technology Verification for KRW1, a Korean Won-Pegged Stablecoin
BDACS, a digital asset company headquartered in Busan, has officially issued the Korean won-based stablecoin KRW1 and successfully completed its Proof of Concept (PoC)....
KB Financial, Poised to Partner With the World’s No.1 Stablecoin Tether
KB Financial Group is exploring the possibility of a strategic partnership with Tether, the world’s largest stablecoin issuer. KB Financial Chairman Yang Jong-hee will...
Upbit vs. Bithumb, Entering Round Two of the Market Share Battle
The two dominant players in Korea’s digital asset market, Upbit and Bithumb, are escalating their marketing campaigns as competition for market share intensifies. Upbit...
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Binance Completes GOPAX Acquisition, Marking Official Return to Korea
Global cryptocurrency exchange Binance has officially returned to the Korean market after two and a half years. The Financial Intelligence Unit (FIU) of South...
