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South Korea-based crypto data aggregator YouthMeta is seeking a bigger footing in Japan, a country which has been showing a stronger interest in the investment tool recently, according to the company. YouthMeta provides a cryptocurrency price prediction service through its Goya Premium Chart, suggesting the best time to buy and sell more than 200 crypto assets listed on Binance. With the company having over 30,000 users across 27 countries, Japan stands out as a particularly vibrant market wit
Blockchain network Kaia, formed through the merger of platforms launched by Korean tech giants Line and Kakao, announced Monday it hopes to serve as a gateway between Web2 and Web3 in Asia and beyond. The merger between Kakao's blockchain platform Klaytn Foundation, and Finschia Foundation under Naver's affiliate Line Tech Plus was completed under the name “Kaia” on Thursday. The two platforms' respective tokens will be integrated under the name "Kaia," which will hold a
Cryptocurrency exchange operator Crypto.com said Tuesday it would launch its exchange app service in Korea this month while expressing its hope for winning the regulatory nod for Korean won-based transactions soon, the company announced Tuesday. The firm said it will launch an exchange app for Korean users on April 29, enabling coin-to-coin transactions through the license earned by local exchange OK-Bit. Through the launch, Crypto.com will become the first regulated foreign player to operate a
Local crypto exchange operator Bithumb Korea is set to simplify its corporate governance, spinning off its non-exchange business in a move designed to accelerate its stock market debut planned for next year. Bithumb Korea will separate its holdings business under a new name, tentatively coined Bithumb Investment, the company announced through a regulatory filing Friday. While the existing unit will be in charge of operating the country's No. 2 crypto exchange Bithumb, the newly launched unit w
South Korea was ranked eighth globally in terms of cryptocurrency profits last year, according to a report by blockchain data analytics firm Chainalysis on Sunday. Investors around the world saw a combined $37.6 billion in their crypto gains in 2023. The figure was a 76 percent plunge from a $159.7 billion profit in 2021 but a drastic rebound from a $127.1 billion loss in 2022. The relatively modest gains last year imply a more cautious approach by investors in liquidating their crypto assets
The price of bitcoin jumped to a new record in Korea on Monday, breaking through 100 million ($76,365) for the first time. Bitcoin, the world’s biggest cryptocurrency, traded at above 100 million won on the nation’s largest crypto exchange Upbit at 4:32 p.m., a surge since the price exceeded 98.4 million won on Friday. The record figure was in line with the global rally. According to global price-tracking platform CoinMarketCap, the price of bitcoin surpassed $71,200 as of 4:48 p.
Cryptocurrency exchange operator Crypto.com hopes to expand its footing here by launching an exchange app for Korea in the first half of this year, said Eric Anziani, president and chief operating officer at the Singapore-based crypto trading platform. After more than 2 1/2 years of working to build a foundation in Korea, Crypto.com is ready for full competition on the market. “We are in the final stages of working with the different regulators here to be approved to launch our product.
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