
Bitcoin sinks below $34,000 as other cryptos lose steam due to clampdown
Jul 12, 2021 23:45 pm UTC| Economy Digital Currency
Bitcoin dropped 0.4 percent to $33,708 after rising 2.7 percent to $34,340 due to reports that former bitcoin and ethereum miners in China have been dumping graphics processing units, which digitally renders cryptos in...

S. Korea's blockchain companies urged to develop attractive services to lure customers
Jul 08, 2021 23:49 pm UTC| Economy Digital Currency Business
Blockchain companies were urged by a Busan bank official to develop attractive services to lure South Korean customers who are so used to using credit cards that they tend to ignore blockchain-based services. The urging...

S. Korean authorities uncover illegal 'kimchi premium' cryptocurrency transactions
Jul 08, 2021 23:47 pm UTC| Economy Digital Currency
Seoul Main Customs discovered unlawful foreign exchange dealings involving dozens of people taking advantage of the kimchi premium, a gap in domestic exchanges for cryptocurrency prices compared to foreign...

Jul 01, 2021 17:58 pm UTC| Economy Business Digital Currency
South Koreas four major cryptocurrency exchanges Upbit, Bithumb, Coinone, and Korbit will launch a joint venture to help them comply with the travel rule in the upcoming implementation of anti-money laundering...

S. Korean banks ask to be freed from liabilities in crypto fraud
Jun 28, 2021 17:22 pm UTC| Digital Currency Law Economy
South Korean banks have asked the financial authorities to free them from responsibilities for money laundering or other fraud involving digital coins. The request from the banks happened due to a recent amendment to...

Coinbase plunges 2% due to poor performance by Bitcoin and other cryptocurrencies
Jun 23, 2021 12:33 pm UTC| Economy Digital Currency Business
Coinbase fell 2 percent Tuesday to about $217 as Bitcoin prices tumbled, proving that it is not immune from the price volatility of other cryptocurrencies. The price slide is directly attributed to poor performance by...

Cryptocurrency firm Amber Group hits $1 billion valuation after fresh funding
Jun 21, 2021 22:34 pm UTC| Economy Business Digital Currency
Hong Kong-based cryptocurrency financial services firm Amber Group raised $100 million to push its valuation to $1 billion. Investment bank China Renaissance led the funding round with participation from such...