South Korea

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South Korean Lawmakers Call for Full Investigation Into KOK Token Crash

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Two South Korean lawmakers have called for a full investigation into the KOK token after its value collapsed to almost zero. Victims have accused Korea’s largest newspaper of promoting the scam, sparking concerns about its role. The alleged cryptocurrency fraud has caused an estimated $3 billion in losses, affecting about 1.86 million investors worldwide. Korean … Read more

Compass Mining Partners With Mindshift to Expand Bitcoin Mining in South Korea

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Compass Mining has announced a partnership with Mindshift, a licensed digital asset service provider in South Korea, to extend bitcoin mining services to the region. The collaboration aims to address challenges like high electricity costs while making bitcoin mining more accessible to South Korean residents. Compass Mining Collaborates With Mindshift The partnership between Compass Mining, … Read more

Korean Exchange Bithumb Eyes Nasdaq Listing After Shelving KOSDAQ IPO Plans

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Bithumb, one of South Korea’s largest cryptocurrency exchanges, is considering a listing on the U.S. Nasdaq exchange after shelving its initial plans for an IPO on the South Korean KOSDAQ market. The decision was discussed during a shareholder meeting on September 30, 2024, as part of Bithumb’s strategy to expand into the U.S. market. The … Read more

Bitcoin Price in South Korea Sees Largest Discount Since October 2023

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According to recent data, the premium for bitcoin in South Korea briefly turned into a discount last week, a rarity since October 2023. While the premium quickly bounced back, it’s still hovering just below 1%. Bitcoin Sees Steep Discount in South Korea, Premium Quickly Rebounds but Stays Below 1% On Sept. 23, bitcoin (BTC) in … Read more

Worldcoin and Tools for Humanity Fined in South Korea

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Worldcoin, the biometric identification project, and its parent company, Tools For Humanity (TFH), have been fined by the Personal Information Protection Commission (PIPC), South Korea’s data protection agency, for violating the Personal Information Protection Act. According to local media, Worldcoin did not inform data collection subjects about the collection and use purposes, retention and use … Read more