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Bitcoin prices continued to fluctuate on Feb. 24 as authorities in and out of the country expressed concerns over the digital coin’s volatility. After plunging 22 percent from Feb. 21’s record high of 65.84 million won ($59,294) to 50.9 million won on Feb. 23, 2021, bitcoin prices ...
Upbit, South Korea’s largest cryptocurrency exchange by transaction volume, has frozen digital user accounts as it found digital assets worth 58 billion won ($49.2 million) have disappeared, its operator Dunamu said on Nov. 27.All cryptocurrencies in Upbit’s hot wallets -- digital wallet...
INCHEON -- Many humanitarian programs are underway in areas where war refugees are literally caught in the crossfire -- where infrastructure for a better quality of life often seems like a tall order. For the United Nations World Food Program, however, technology disruption has come into play in one...
INCHEON -- The head of South Korea’s major crypto asset exchange Upbit said on Sept. 4 that the country’s crypto exchanges are moving to implement a June guidance by Financial Action Task Force to curb the criminal use of their digital assets.“(Korea’s cryptocurrency exchange...
INCHEON -- Blockchain is quietly becoming mainstream as a component that allows corporations to save costs in accumulating consumer data and create contents based on them. In sync with such trends, there are signs that legal uncertainties involving blockchain-powered virtual assets might be on the w...
Busan, South Korea’s second-most populous city, has been designated as a regulation-free zone for blockchain technologies, according to the Ministry of SMEs and Startups on July 24. The port city expects blockchain applications in tourism, finance, logistics and public safety with projects led...
HONG KONG -- The RISE conference is reputed as one of Asia’s largest tech events with a focus on startups. For instance, one of the key speakers was Sophie Kim, founder of successful grocery platform Market Kurly. She talked about how she merged technology with grocery delivery. A number of st...
The number of cryptocurrency exchanges in South Korea has risen amid a lack of regulations to prevent investors from trading virtual coins with opaque accounts, industry data showed on June 20. In May, the number of crypto exchanges stood at 205 in Korea, although the frenzied buying seen in Ja...
On May 27, the price of Bitcoin, the dominant cryptocurrency, spiked to over 10 million won ($8,450) for the first time in a year. Its price rose 9.2 percent from a day earlier to 10,447,000 won as of 10:35 a.m., according to cryptocurrency exchange Bithumb. This is the first time the largest digita...
Dunamu, operator of global cryptocurrency exchange Upbit, announced on May 15 that it have invested more than 55 billion won ($46 million) in 26 blockchain companies along with its investment subsidiary Dunamu & Partners since they announced a three-year plan to invest a total of 100 billion won int...
For Kwak Jin-young, founder and CEO of blockchain company Sigmachain, creating a globally successful service has always been his dream. He led the team that designed Cyworld, which was popular in South Korea before the era of Facebook and Kakao Talk. “Cyworld and Kakao all failed to become a global...
South Korea’s state arms procurement agency will push to build a blockchain-based platform to enhance transparency and efficiency in conducting defense acquisition projects, officials said on April 10. A blockchain refers to a growing list of digital data organized in blocks and managed by multipl...
A bipartisan group of lawmakers has recently ratcheted up calls for deregulation of the blockchain industry, as the financial regulator has adopted a conservative attitude toward the easing process due to procedural reasons.While the ruling Democratic Party has focused on comprehensive deregulation ...
The second Deconomy blockchain conference will be held on April 4-5 in Seoul under the themes of “Blockchain and Finance,” and “Blockchain and Technology.”At the first event last year, high-profile blockchain figures and experts, including David Chaum, Joseph Poon, Ian Grigg, Vitalik Buterin, an...
Blockchain and cryptocurrency markets have been on a downslide over the past year in line with the ever-falling digital currency values. Despite the current difficulties facing the markets, the co-founders of Taxas-based public distributed ledger company Hedera Hashgraph said that they remain positi...
KB chief stresses role of finance in net-zero transition
Hyundai to produce Ioniq 5 with Indonesia’s batik design
[Bio USA] Samsung Biologics hints at sales push for new plant
LS Cable & System to build Korea's largest offshore wind farm
[Contribution] Uniting for safer food: enhancing global cooperation in food safety systems
Export dependency on China wanes
Airplane's exit door should not be difficult to open: survey
Ex-BMW designer joins Kia as exterior styling chief
June 09, 2023
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