There is a notable divergence in Bitcoin investor behavior between the US and Korean markets. Amid heightened global uncertainty, which is fueled by escalating US-China trade tensions, Bitcoin has experienced a sharp correction, though recent signs point to stabilization. Interestingly, the Coinbase Premium, a metric that reflects the price difference of Bitcoin on Coinbase versus […]
A South Korean man who attacked a crypto executive with a weapon during a courtroom trial could be sentenced to 10 years in prison. Prosecutors have sought this sentence for the individual, identified as Mr. Kang, who was charged with attempted murder and disrupting courtroom proceedings after stabbing Mr. Lee Hyung-soo, the CEO of Haru […]
South Korean financial authorities are considering imposing sanctions on several crypto exchanges that have failed to comply with local regulations. According to a report from local media Korea Economic Daily, the crypto exchanges include BitMEX, KuCoin, CoinW, Bitunix, and KCEX. S. Korea to Sanction Crypto Exchanges The Financial Intelligence Unit (FIU) of South Korea’s Financial […]
South Korean prosecutors have launched an investigation into Bithumb over allegations that company funds were misused to purchase an apartment for its former CEO. The Seoul Southern District Prosecutors’ Office conducted a search and seizure operation on March 20 at the company’s headquarters in Yeoksam-dong, Seoul. The Alleged Purchase According to local media reports, Bithumb […]
The United States government may be keen on owning and maintaining a digital asset stockpile, but not all countries feel the same way. South Korea, for one, has expressed its disinterest in including bitcoin (BTC), or any cryptocurrencies, in its foreign exchange reserves. A report from the local media Korea Economic Daily revealed that the […]
South Korean crypto exchange Upbit has emerged as the leading force in the Ripple market. It holds double the amount of XRP as Binance and accounts for more than 14% of its global trading volume. The shift could be a reflection of the cryptocurrency’s growing prominence among investors in the Asian country. Upbit’s XRP Share […]
A violent crime in Jeju City, South Korea, has highlighted the dangers of cryptocurrency transactions conducted in unregulated settings. A Chinese man in his 30s was found dead in a luxury hotel room on February 24 after suffering multiple stab wounds. Authorities believe the murder was linked to a crypto transaction gone wrong. Four Arrested […]
South Korean financial authorities – Financial Services Commission (FSC) and Financial Supervisory Service (FSS) – reported a suspect of price manipulation in the virtual asset market to the prosecution. This marks the first case processed through formal investigation procedures under the newly enforced Virtual Asset Act, effective July 19, 2024. The case followed a structured […]
Jeju Island, South Korea’s most famous tourist destination, is embracing blockchain technology to transform its tourism sector. Starting in the second half of 2025, the self-governing province plans to roll out NFT-based digital visitor cards, offering discounts, travel subsidies, and special membership perks at popular attractions. NFT Visitor Cards Reports from local outlets indicate that […]
South Korea has intensified efforts to curb the illegal cyber operations of its northern neighbor, the Democratic People’s Republic of Korea (DPRK), which have escalated to alarming levels. These activities, which include cryptocurrency theft and IT-related foreign currency generation, are said to be funding Pyongyang’s nuclear and missile programs. Crypto Crimes Funding Military Developments In […]