Search Results for: South Korea

Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs  

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Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy…

South Korean Lawmaker Says He Will Start Accepting Crypto Donations in the New Year

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Lee Kwang-jae, a South Korean lawmaker, recently stated that he will be accepting cryptocurrency donations starting mid-January 2022. According to the politician, this plan represents his attempt to raise awareness about cryptocurrencies and non-fungible tokens among South Koreans. Donations to Be…

The Metaverse Is the Next Big Investment Theme, According to Morgan Stanley

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Investment bank Morgan Stanley has stated the metaverse is now the next big investment theme, in a note directed to investors Thursday. Strategists from the bank believe this alternate conception of reality is amassing important interest from companies like Meta (formerly…

Ukraine Security Service Busts Criminal Group Selling Bitcoin-Stealing Malware 

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Law enforcement authorities in Ukraine have exposed a crime ring specializing in cryptocurrency theft and laundering of illicit funds for hackers. The gang, which provided services to clients on the darknet, has been dismantled as a result of a joint operation…

Fox Entertainment’s Blockchain Arm Drops NFT Market Dedicated to Hit TV Series The Masked Singer

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Fox Entertainment and Blockchain Creative Labs (BCL) has announced the launch of maskverse.com, a non-fungible token marketplace and community dedicated to the entertainment series and hit singing competition “The Masked Singer.” According to Fox and BCL, the NFT marketplace and a…

Cryptocurrency Derivatives Exchange Bitget to Sponsor Juventus as Its First-Ever Sleeve Partner

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Singapore-based cryptocurrency derivatives exchange Bitget announced a partnership with Juventus to become its sponsor. According to the agreement, Bitget will act as Juventus official partner and official cryptocurrency exchange partner, and also its first-ever sleeve partner. Established in 1897, Juventus is…

29 Crypto Exchanges Survive New Regulation in South Korea, 37 Exchanges Must Shut Down

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The deadline for crypto exchanges and service providers in South Korea to meet requirements to stay open under the new regulation has passed. Twenty-nine cryptocurrency exchanges met the deadline to continue operations but only four of them can offer trading in…

Korean Government Says 28 Crypto Exchanges Have Met Regulatory Requirements to Continue Operations

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The deadline for cryptocurrency exchanges to meet the requirements to continue operations under new crypto regulations in South Korea is rapidly approaching. A total of 28 cryptocurrency exchanges have reportedly been cleared by the regulators to remain open. However, only four…

Bridgewater’s Ray Dalio Warns Regulators Will Kill Bitcoin If the Crypto Becomes ‘Really Successful’

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Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, believes that if bitcoin is “really successful,” the regulators will “kill it,” reiterating his previous concerns of governments banning cryptocurrencies. Nonetheless, he sees bitcoin as a good alternative to…

FSC Regulatory Overhaul Expected to Shut Down 40 Crypto Exchanges in South Korea

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A new regulatory overhaul could put 40 out of 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are being proposed by the Financial Services Commission (FSC). This action might…