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“# 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…
“#Safe Tag makes smartphones buying experience in stores convenient without sacrificing security” With the Safe Tag in use, you can walk into a smartphone retail store, pick up a phone of your choice and roam around the store testing it before buying without a store representative stalking you as if you were a thief. There…
“#Safe Tag makes smartphones buying experience in stores convenient without sacrificing security” With the Safe Tag in use, you can walk into a smartphone retail store, pick up a phone of your choice and roam around the store testing it before buying without a store representative stalking you as if you were a thief. There…
“# Upbit crypto exchange’s blockchain sister firm raises $60M ” Dunamu, the operator of major South Korean cryptocurrency exchange Upbit, is progressing with blockchain development as its blockchain arm Lambda256 secured new funding. According to a Dec. 15 announcement, Lambda256 raised 70 billion Korean won ($60 million) in a Series B round, valuing the company…