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“# Report: Major gaming conglomerate Nixon prepares to acquire Bithumb ” After a troubled few months, crypto exchange Bithumb looks like it’s set on turning over a new leaf through an acquisition by one of South Korea’s top gaming firms. South Korean media reported on Jan. 7 that Nexon, a multi-billion dollar gaming conglomerate, has…
“#South Koreans scramble to arrange cosmetic surgery before mask-wearing ends” SEOUL (Reuters) – When Ryu Han-na, a 20-year-old university student, got cosmetic surgery on her nose in mid-December, she had a simple reason: it might be the last chance to do so covertly before people start taking off masks this year as vaccines are distributed….
“# Iconloop secures gov backing to test blockchain driver’s license project ” Enterprise blockchain firm Iconloop has secured approval from South Korea’s Ministry of Science and ICT to test its decentralized identity, or DID, technology system to manage driver’s license data in the country. According to an announcement from the company, the trial run aims…
“# Binance Korea to shut down exchange due to low trading volume ” Binance KR has decided to shutter its operations in South Korea according to an announcement released on Thursday. As part of the press statement, Binance KR attributed the move to declining liquidity and low trading volume of its BKRW trading pairs. BKRW is…
“# Korean crypto investment company launches $100 million fund for blockchain projects ” Hashed, one of South Korea’s largest crypto asset fund managers, has raised 120 billion won ($110 million) to fund new blockchain ventures in the so-called “protocol economy.” The funds were raised via Hashed Ventures Inc., a new entity that will oversee the…
“#S.Korea coronavirus lockdown fears spark panic buying” SEOUL – South Korea reported a record number of coronavirus deaths on Thursday as the country’s biggest wave of infections since the start of the pandemic strained hospital resources and sparked panic buying in anticipation of a harsh new lockdown. The novel coronavirus had claimed another 22 lives…
“# LG’s consulting arm joins KardiaChain mainnet validators ” A subsidiary of global conglomerate LG will participate in the mainnet launch of a Vietnamese hybrid blockchain project, KardiaChain. LG CNS, an IT and consulting subsidiary of LG Corporation, has partnered with KardiaChain to act as a validator for its upcoming mainnet launching in late December….
“#COVID-19 cases rising across Asia and Europe” Disturbing numbers show coronavirus cases increasing across Asia and Europe as the winter wave takes hold just as vaccines are rolling out. South Korea reported 950 new cases Saturday, marking the country’s biggest one-day increase since the start of the pandemic. Concerns about hospitals becoming overwhelmed in the…
“# Execs from ‘99% fake’ exchange face charges over market manipulation ” South Korean authorities have charged executives of what was once the country’s third-largest cryptocurrency exchange, Coinbit, over market manipulation allegations. According to news outlet News1, prosecutors are preparing a case against Coinbit chairman Choi Mo and two unnamed executives on charges of fraud…
“# South Korea to delay new tax regime on cryptocurrencies until 2022 ” The South Korean government has officially postponed a new tax regime on cryptocurrency gains until 2022. According to Yonhap on Dec. 1, the planning and finance committee of South Korea’s national assembly passed amendments to the country’s tax laws wherein a new…