A recent study has found that the South Korean won has surpassed the U.S. dollar as the most widely used currency in global cryptocurrency trading.On April 16 (local time), Bloomberg News reported that the volume of cryptocurrency transactions conducted in Korean won on exchanges amounted to US$456
In anticipation of the scheduled launch of a bitcoin spot exchange-traded fund (ETF) early next year, institutional investors have been actively engaging in trading, according to recent analysis.Korbit Research Center under the domestic cryptocurrency exchange Korbit revealed this information throug
The RIGO Project officially launched its mainnet on the 4th (Korean time) and successfully created the genesis block (the first record registered on the blockchain), as announced through its official account.The RIGO Project explained, "After releasing the testnet in August and continuing to update,
The price of virtual assets like Bitcoin surged in the first half of this year, leading to a 46 percent increase in the market capitalization of the domestic virtual asset market compared to the end of last year, according to a recent study. However, it is still at a significantly reduced level comp
An analysis says that it is necessary to prepare a comprehensive response system for possible spillover risks between crypto assets and the traditional financial system. This is because the global crypto asset market recently revealed vulnerabilities similar to those of traditional financial markets
The BUIDL ASIA 2022 conference opened in Seoul on Aug. 4, attended by ETH co-founder Vitalik Buterin, NEAR Protocol co-founder Illia Polosukhin, and many other global blockchain market leaders.On Aug. 4, the ETH co-founder gave a lecture on the future of the Ethereum base layer, covering the Merge u
North Korean hackers stole US$395 million in cryptocurrency through at least seven attacks against exchanges and investment companies in 2021, said Chainalysis, a blockchain analysis company.This is an increase of about US$100 million from 2020 and the total money collected by North Korean hackers o
The price of Ethereum has topped US$4,000 again and its market cap exceeded that of Samsung Electronics.The market cap of the cryptocurrency increased to US$464.5 billion on Sept. 6, the 18th-largest in the world. That day, Johnson & Johnson came in 19th with a market cap of US$460.8 billion and Sam
The cryptocurrency trading volume is increasing as their prices are rising. This time, the uptrend is being led by altcoins.At cryptocurrency exchange UPbit, the price of Dogecoin was 279 won at 14:00, Aug. 9 whereas the closing price was 236 won on Aug. 2. On Aug. 8, the daily highest price was 325
Ground X, a Kakao subsidiary in the blockchain industry, won the Bank of Korea's central bank digital currency (CBDC) experiment project by beating Naver and SK C&C.Ground X and the central bank are going to initiate their research next month and the research will cover cross-border remittance a
The so-called kimchi premium is reappearing as the domestic virtual asset market is heating up.As of 16:00 March 25, the bitcoin price on Binance was approximately 60.1 million won and that on UPbit was 64.8 million won, which means a premium of about 8 percent. The premium was 7.9 percent, 8 percen
Samsung SDS has completed Digital Transformation (DT) Engine, a platform that combines its experiences and resources to provide comprehensive digital transformation services to client companies.DT Engine integrates the company’s experiences accumulated at domestic and foreign industrial sites includ
Samsung Electronics and LG Electronics are increasing their participation in the blockchain and virtual asset industries.Samsung Electronics recently formed a partnership with virtual asset exchange Gemini in order to provide Galaxy smartphone-based virtual asset trading services in the United State
Samsung Electronics has chosen blockchain technology as one of its future growth engines. The tech giant has officially launched the Blockchain Development Group by putting together researchers who have been working on blockchain development at various departments of its wireless business division.T
Samsung SDS is stepping up efforts to introduce its self-developed blockchain platform NexLedger Universal to overseas markets. The platform features high processing speed and strong compatibility and is being applied to all business areas including finance and logistics. Currently, it is being used
Samsung SDS has signed an agreement with Credorax of Israel to collaborate in the payment settlement platform business based on its blockchain and robot process automation (RPA) solutions.Headquartered in Israel, Credorax offers services in more than 30 countries in Europe to handle transactions suc
Naver's Japanese subsidiary LINE is accelerating the expansion of its new financial business. Following Singapore, LINE opened a cryptocurrency exchange in the United States.LINE announced on Feb. 25 that it has opened “Bitfront,” an exchange where people can trade cryptocurrencies with U.S. dol
Malta-based cryptocurrency exchange Binance announced on Feb. 16 that it has opened cryptocurrency purchase services based on the 15 currencies including the South Korean won. Market watchers say Binance’s South Korean market penetration is likely to take shape based on the new service.The other cur
Upbit, a South Korean cryptocurrency exchange that suffered a theft of 58 billion won (about US$50 million) in Ethereum at the end of November 2019, has resumed its Ethereum deposit and withdrawal services.Upbit resumed its deposit and withdrawal services on Ethereum on Jan. 13, following the normal
Samsung SDS announced on Oct. 9 that it has been named as Korea’s representative blockchain operator by Forrester, a global information technology (IT) advisory group.Forrester picked out Korea's Samsung SDS, China's JD Cloud, Japan's NTT Data, and Thailand's IBM as the representativ