A 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 …
South
- 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 …
- Web3 Technology
Bulk SMS Solutions Transform Business Communication in South Africa
by adminby adminBusinesses 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 …
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 …
- Bitcoin & Ethereum
Bithumb $43 Billion Bitcoin Blunder Triggers Political Backlash In South Korea
by adminby adminSouth 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 …
- NFT & Metaverse
South Korea Central Bank Warns Stablecoins Could Complicate FX Controls
by adminby adminSouth Korea’s central bank chief warned that Korean won-denominated stablecoins could complicate capital flow management, adding a note of caution to an ongoing debate among lawmakers over whether and how domestic stablecoins should be …
- Web3 Technology
South Korea E-commerce Market Expected to Reach USD 8.05 Trillion by 2030, Driven by Mobile Shopping and Digital Payment Adoption
by adminby adminSouth Korea E-commerce Market Mordor Intelligence has published a new report on the South Korea E-commerce Market, offering a comprehensive analysis of trends, growth drivers, and future projections.Overview of the South Korea E-commerce Market …
South African Utility Company Considers Cheap Power For Bitcoin Miners
Eskom, 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 Korean Crypto Exchange Accidentally Gave Away $43 Billion in Bitcoin
In brief South Korean exchange Bithumb mistakenly credited users with 2,000 BTC each instead of a tiny cash reward. The error was corrected within five minutes, but not before users sold off some of …
Coinbase to Invest in India’s CoinDCX, Expand in South Asia and the Middle East
In brief Coinbase is making a fresh investment in CoinDCX, building on prior investments through Coinbase Ventures, with the deal subject to regulatory approvals. The deal comes months after CoinDCX weathered a $44.2 million …