South Korea’s Financial Services Commission said it is considering a market-making system for digital assets, after a stablecoin linked to the value of the Japanese yen traded for as much as four times its …
South
- Web3 Technology
$830 Million in an Hour: XRP and TRUMP Drive New Record in South Korea
by adminby adminSouth Korea’s Upbit recorded 1.15 trillion won, roughly $830 million, in trading volume within a single hour on Saturday, with XRP and TRUMP dominating the surge. The spike extends a rebound that began the …
- Crypto Education
Live updates: Bitcoin holds firm above $64,000 as South Korea’s Kospi sinks 5.8%
by adminby adminU.S. Treasury yields retreat from the highest levels in decades, while bitcoin holds above $64,000.
- Blockchain Research
Petition Against South Korea’s 22% Crypto Tax Hits 50K Threshold
by adminby adminA petition to scrap a 22% tax on crypto investment gains in South Korea reached the 50,000-signature threshold required for the country’s Finance and Economic Planning Committee to review objections to the new tax …
- Web3 Technology
South Korea’s KB Financial Completes Stablecoin Pilot for Offline Payments
by adminby adminKB Financial Group, the parent company of South Korea’s largest bank, KB Kookmin, completed a stablecoin pilot for offline payments and cross-border remittances through the Kaia blockchain. KB tested the lifecycle of a South …
- Bitcoin & Ethereum
South African Utility Company Considers Cheap Power For Bitcoin Miners
by adminby adminEskom, a South African electricity public utility, is exploring plans to sell excess daytime electricity to Bitcoin mining companies as rooftop solar installations reduce grid demand during daylight hours. Speaking at the Biznews Conference …
South Korea’s stock market suffered one of its fastest declines in history this week, with the Kospi falling about 20% in two trading days, as geopolitical tensions have, for the moment, shattered what might …
South Korean Officials Meet With US SEC, Weigh Unified Crypto Rules Amid Local Scandals
In brief The SEC’s crypto task force hosted a joint coalition of South Korean officials, legal experts, and industry leaders. The meeting outline underscores that U.S. regulatory choices heavily influence South Korea’s emerging digital …
Bulk SMS Solutions Transform Business Communication in South Africa
Businesses across South Africa are increasingly adopting bulk SMS as a reliable and efficient communication channel to reach customers instantly. As digital communication continues to evolve, companies are facing challenges with email engagement, social …
Bithumb $43 Billion Bitcoin Blunder Triggers Political Backlash In South Korea
South Korean lawmakers are ramping up pressure on financial regulators after a system failure at Bithumb, the country’s largest cryptocurrency exchange, led to the accidental distribution of more than $43 billion worth of Bitcoin …