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[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...

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...

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...

[NOVEMBER] Another Empire, Another House of Cards

It was but a few months ago that Sam Bankman-Fried was preening about as a god amongst mortals, contemplating which troubled crypto businesses he...

Bithumb Mobile Wallet Subsidiary ‘Rotonda’ Raises KRW 5 Bn Foreign Investors

Cryptocurrency exchange Bithumb announced on September 26th that its Web3 Wallet subsidiary 'Rotonda' successfully raised KRW 5 Bn through a consortium of Global strategic...

Busan Courts Multiple Suitors

Demonstrating once again its dream of becoming the premier crypto haven of East Asia, the city of Busan just announced a new partnership with...

Huobi becomes third global exchange to sign with S.Korea’s Busan city

The agreement entails Huobi providing technical and infrastructure support for building the city-backed crypto exchange and bringing more than 1,500 blockchain tech professionals into...

[AUGUST] Where People are the Product, Buyer Beware

The spectacular beating suffered by the cryptosphere recently has left many investors gun-shy, but at least one industry titan is still making big moves....

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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...