KoreaTimes - Cryptocurrency

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Cryptocurrency

Sat, February 4, 2023 | 11:16

20 indicted for moving $3.2 bil. overseas for cryptocurrency 'kimchi premiums'

20 indicted for moving $3.2 bil. overseas for cryptocurrency 'kimchi premiums'

Prosecutors have indicted 20 people on charges of illegally remitting about 4 trillion won ($3.2 billion) worth of funds overseas to buy cryptocurrencies abroad and sell them back in Korea at a premium, officials said Wednesday.

2023-01-18 15:59

Number of fake banknotes hits record low in 2022 on increased non-cash transactions

Number of fake banknotes hits record low in 2022 on increased non-cash transactions

The number of fabricated Korean banknotes hit a record low in 2022 on increased non-cash transactions amid the pandemic, central bank data showed Monday.

2023-01-16 14:56

Bitcoin climbs above $20,000 first time in over two months

Bitcoin climbs above $20,000 first time in over two months

Bitcoin rose on Saturday above $20,000 for first time in over two months.

2023-01-15 09:31

Top court confirms damages payment to investors over Bithumb service outage

Top court confirms damages payment to investors over Bithumb service outage

The Supreme Court has finalized a ruling that ordered damages payment totaling 251.4 million won ($202,400) to investors over a service outage at the country's largest cryptocurrency exchange Bithumb, officials said Friday.

2023-01-13 17:14

Bitcoin on technical rally as fears subside over inflation, rate hikes

Bitcoin on technical rally as fears subside over inflation, rate hikes

Bitcoin is on a technical rally, surpassing the $17,000 mark for the first time in about a month on diminishing inflation concerns. According to data from market tracker CoinMarketCap, Bitcoin was traded at $17,217 as of 3:30 p.m. Tuesday. The world's largest cryptocurrency by market capitalization reached around $16,400 at the end of 2022, but got back on track for a gradual...

Lee Min-hyung | 2023-01-10 16:26

Bithumb's de facto owner acquitted of fraud

Bithumb's de facto owner acquitted of fraud

The de facto owner of the operator of Korea's largest cryptocurrency exchange Bithumb was acquitted Tuesday on charges of defrauding a businessman.

2023-01-03 17:17

Crypto rebound unlikely in early 2023: analysts

Crypto rebound unlikely in early 2023: analysts

The cryptocurrency market is unlikely to achieve a major rebound at least until early 2023, as global monetary authorities will maintain a tight monetary stance for months to come, analysts said. The forecast came amid a prolonged liquidity crisis, which the industry has been facing for the past year, after the U.S. Federal Reserve and other major central monetary authorities...

Lee Min-hyung | 2022-12-31 09:17

Deceased Nexon founder's cryptocurrency account hacked

Deceased Nexon founder's cryptocurrency account hacked

The cryptocurrency account of Kim Jung-ju, the deceased founder of gaming giant Nexon, was hacked, resulting in the loss of more than 8.5 billion won ($6.7 million), court documents showed Thursday.

2022-12-29 16:20

Dunamu's Momentica offers new digital collectibles for Le Sserafim fans

Dunamu's Momentica offers new digital collectibles for Le Sserafim fans

Fans of Le Sserafim can exchange their “Digital Souvenirs” of the K-pop girl group for new collectible digital cards known as “Take,” according to Levvels, Thursday.

2022-12-22 15:49

Wemix debacle raises calls for swift institutionalization of crypto market

Wemix debacle raises calls for swift institutionalization of crypto market

The abrupt delisting of the once-popular Wemix coin has rekindled calls for authorities to take swift action to institutionalize Korea's crypto market. Wemix was issued by Korea's famous game publisher, Wemade, and its valuation soared to a record high of more than 25,000 won ($19) on Nov. 24, 2021. The coin then fell to around 3,000 won from July this year, following in the ...

Lee Min-hyung | 2022-12-18 10:28

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