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“# KB Bank to launch South Korea’s first crypto investment fund ” Kookmin Bank is preparing to become the first bank in South Korea to offer crypto investment products to retail investors. KB announced on Feb. 21 that it had formed a Digital Asset Management Preparatory Committee to determine product and strategy capabilities regarding digital assets…
“# The virus killer: How blockchain contributes to the fight against COVID-19 ” On Jan. 30, the South China Morning Post reported that one of the largest Asian pharmaceutical companies, Zuellig, had launched a blockchain-based system to track the quality of COVID-19 vaccines. Called “eZTracker,” it allows any user to “instantly verify the provenance and…
“# Bithumb to block crypto withdrawals to unverified private wallets ” Starting on Jan. 27, the South Korean crypto exchange Bithumb will not allow users to withdraw their crypto assets to unverified private wallets. On Jan. 24, the exchange announced that it would be the second of the four major exchanges in the country to…
“# Bank of Korea completes first phase of digital currency pilot ” The Bank of Korea has successfully completed the first phase of its central bank digital currency mock testing started in August 2021. The South Korean central bank said that the first phase of its CBDC mock testing was completed in December while the…
“# Korean Bithumb exchange to launch NFT marketplace ” South Korean crypto exchange Bithumb is developing an NFT marketplace with “a large company” thought to be LG CNS, a subsidiary of LG Corporation. Bithumb CEO Heo Baek-young confirmed in a Jan. 13 interview that the exchange was currently developing a nonfungible token (NFT) exchange which…
“# ICON commits $200M to interoperability incentive fund ” The ICON Foundation announced plans to launch an interoperability incentive program for 200 million ICX, or approximately $200 million at the time of publication. The foundation supports the development of the ICON network, South Korea’s largest public aggregator chain. The foundation said that it hopes this program…
“#North Korea fires missile after Kim Jong Un demands weapons upgrades” North Korea fired a suspected ballistic missile into the Sea of Japan on Wednesday, its first such test in about two months, according to Japan and South Korea. The launch came after dictator Kim Jong Un pledged to boost the country’s military capacity at a…
“# South Korean presidential candidate to use NFTs to raise funds for campaign ” Democratic Party (DP) presidential candidate Lee Jae-myung prepares to use nonfungible tokens to raise funds for his campaign. The party will issue NFTs to those who donate money for the campaign for the upcoming presidential elections. The NFTs will contain images…
“# South Korean crypto exchanges to follow Coinone in verifying private wallets ” Major South Korean crypto exchanges including Upbit, Bithumb and Korbit will follow Coinone’s lead in banning transfers to non-verified wallets, industry analysts say. Yesterday Coinone announced that it would reject deposits from unverified private wallets starting Jan. 24 to reduce the risk…
“# Coinone will stop withdrawals to unverified external wallets ” South Korean crypto exchange Coinone has announced it plans to no longer allow withdrawals of tokens to unverified external wallets starting in January. In a Wednesday announcement, Coinone said users would have from Dec. 30 to Jan. 23 to register their external wallets at the…