BITPRISMIA
A survey reveals that 64.2% of Korean crypto investors predict Ethereum (ETH) will reach a new all-time high by the end of the year, reflecting strong bullish sentiment despite mixed market views on Bitcoin and altcoins.
South Korea is establishing a joint task force to develop comprehensive regulations for the crypto lending sector, aiming to enhance transparency, risk management, and investor protection while learning from past industry failures.
South Korea's Financial Supervisory Service (FSS) has launched a public awareness campaign to combat crypto scams, aiming to protect investors from financial fraud through education and proactive measures.
Bithumb is listing a new C/KRW spot trading pair on July 29, offering South Korean traders direct access to the 'C' cryptocurrency with KRW, which may reduce fees and complexities while enhancing market liquidity.
Upbit, a major South Korean cryptocurrency exchange, has announced it will discontinue its USDT lending service, a popular passive income option for crypto users, likely due to regulatory and risk management concerns.
South Korea's stablecoin trading volume surged by 50%, reflecting heightened market engagement and liquidity, driven by major exchanges and unique local market dynamics.
KB Kookmin Bank in South Korea has seen a significant rise in fraud-linked accounts after partnering with crypto exchange Bithumb, highlighting challenges in digital asset security and banking integration.
Upbit and Bithumb, two major South Korean exchanges, announced the delisting of the STRIKE token, effective August 21, 2023, urging holders to take immediate action.
Hippo Protocol's trademark application for 'KRWHP' signals its plan to launch a KRW-pegged stablecoin, which could enhance South Korea's crypto market by improving DeFi, cross-border payments, and financial integration.
Bithumb, a leading South Korean cryptocurrency exchange, will list the HYPER/KRW spot trading pair on July 10, enhancing accessibility for Korean investors and boosting Hyperlane's presence in the market.