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Mirae Asset Consulting has acquired the stake in virtual asset exchange Korbit previously held by NXC and SK Planet. According to a disclosure filed with DART on the 13th (Korea time), Mirae Asset Consulting reported that it acquired 26,905,842 commo
Lucentblock, which failed to pass the preliminary licensing review for an over-the-counter exchange for fractional investing, raised questions over the Financial Services Commission’s (FSC) assessment. On the 13th (Korea time), Heo Se-young, CEO of L
Concerns have been raised that romance scams targeting virtual assets (cryptocurrencies) could surge ahead of Valentine’s Day. According to Decrypt on the 13th (Korea time), the U.S. Attorney’s Office for the Northern District of Ohio said in a notic
A whale investor has been found to have deposited a large amount of Bitcoin (BTC) to Binance. According to The Data Nerd on the 13th (Korea time), a wallet address starting with "3NVeX" deposited 2,535 Bitcoin to Binance about two hours ago. The whal
A case of misuse of prediction markets has emerged in Israel. According to Cointelegraph, a virtual-asset (cryptocurrency) news outlet, Israeli authorities have arrested and indicted two military personnel for placing bets on Polymarket using classif
According to industry sources on the 13th (Korea time), 22 bitcoins (BTC) that the Seoul Gangnam Police Station had been holding during an investigation were leaked outside. The Gangnam Police Station had been keeping the 22 bitcoins after receiving
Ripple’s blockchain, the XRP Ledger (XRPL), has rolled out an upgrade that extends its escrow feature to all issued tokens. According to BeInCrypto on the 13th (Korea time), the XRPL team said it activated the “XLS-85” amendment the previous day. The
Russia’s government has reportedly formally approved a framework to tokenize real-world assets—including real estate and intellectual property (IP)—using blockchain technology. According to CoinDesk on the 13th (Korea time), Russia’s Ministry of Fina
ETHZilla (ETHZilla), a crypto reserve company, is launching a token backed by jet engines leased to U.S. airlines as the underlying asset. According to Cointelegraph, a crypto-focused media outlet, on the 13th (Korea time), ETHZilla said it will issu
As Bitcoin (BTC) continues to trend lower, an analysis has emerged that the market has entered a bear phase. In particular, it argues that Bitcoin has not yet reached the price floor that marks the cycle low. On the 13th (Korea time), crypto (cryptoc
First Digital, a digital-asset infrastructure company, said on the 13th that it will pursue strategic cooperation with KRWQ to expand access to a won-denominated stablecoin (a digital asset pegged to the value of fiat currency). KRWQ is a fully colla
“We believe XRP will be a core asset in building next-generation financial products. Evernorth has begun accumulating XRP to address problems in today’s financial system.” Asheesh Birla, founder of Evernorth, said this in an interview with BloombergB
Plume Network, a blockchain-based real-world asset tokenization (RWA·Real World Asset) project, signaled direct interest in the Korean market. In particular, Plume CEO Chris Yin said the company plans to closely monitor Korea’s regulatory environment
As real-world asset tokenization (RWA·Real World Asset) surged last year and drew attention across global finance, a view has emerged that broader participation from everyday users is needed for the RWA market to advance further. On the 12th, Chris Y
National Assembly’s Political Affairs Committee diagnoses the ‘Bithumb incident’ Shock from erroneous payout of 620,000 ‘ghost bitcoins’ "Not a simple fat-finger but systemic shortcomings" Questions of regulators’ responsibility too…"due to a regulat
Kang Myung-gu, a lawmaker of the People Power Party, raised the issue of accountability by financial authorities over the Bithumb incident. On the 11th, Rep. Kang attended a plenary meeting of the National Policy Committee held at the National Assemb
Criticism has emerged that the Financial Services Commission (FSC) may be using Bithumb’s erroneous Bitcoin (BTC) payout incident as a pretext to push for limits on the ownership stakes of controlling shareholders at virtual-asset (cryptocurrency) ex
Bithumb, a virtual asset (cryptocurrency) exchange, said it will increase compensation for users in connection with the erroneous Bitcoin (BTC) crediting incident that occurred on its platform last week. On the 11th, Lee Jae-won, CEO of Bithumb, atte
South Korea’s Financial Services Commission (FSC) said it will move to inspect exchange systems following a recent incident at cryptoasset (cryptocurrency) exchange Bithumb involving the erroneous transfer of Bitcoin (BTC). On the 11th, Kwon Dae-youn
XRP is showing strength intraday. On the 6th (Korea time), XRP was trading at 2,149 won on Upbit, a domestic digital-asset exchange, up 19.92% from the previous day. At the same time, Bitcoin (BTC) was also up 8% from the previous day, at 100,040,000
According to PR Newswire, global digital-asset financial firm Galaxy Digital said on the 6th it will pursue a share buyback worth $200 million (about 260 billion won). Specifically, Galaxy Digital said its board has authorized the repurchase of up to
US investment bank Citigroup has sharply lowered its price target for cryptocurrency exchange Coinbase. The move comes as risk-off sentiment has gripped the broader crypto market, sending trading volumes plunging. According to CoinDesk on the 6th (Ko
Bithumb, a South Korean digital-asset exchange, is reportedly in the process of clawing back a large amount of Bitcoin (BTC) after mistakenly paying it out during the distribution of event rewards. According to industry sources on the 6th, Bithumb ra
Russia’s largest bank Sberbank is preparing to launch corporate loan products backed by digital assets (cryptocurrencies), Reuters reported on the 5th (local time). According to Reuters, a Sberbank spokesperson said demand from corporate clients is s
China has moved to tighten regulation of crypto assets by imposing a blanket ban on the offshore issuance of yuan-pegged stablecoins. The People’s Bank of China (PBOC) said on the 6th that it, together with government agencies including the National
Bitcoin (BTC), the bellwether of digital assets, has attempted a rebound after a sharp plunge, but forecasts suggest the recovery could be limited due to macroeconomic uncertainty and deteriorating investor sentiment. On the 6th (KST), digital asset
U.S. asset manager ARK Invest sold a large block of Coinbase shares and bought shares of Bullish amid a sharp selloff in the digital-asset market. According to CoinDesk on the 6th (Korea time), ARK Invest sold 119,236 shares of Coinbase during the pr