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[THE INVESTOR] The Korean government on Jan. 31 said it will maintain a strict ban on initial coin offerings, saying that a three-month investigation proved they are very risky. ICOs emerged as new funding methods for startups, becoming popular in late 2017 and 2018 along with the hype of cryptoc...
[THE INVESTOR] Orbs, an Israel-headquartered blockchain company, is bringing its enterprise-focused technologies to Korea as it seeks to expand the usage by companies, the startup said on Jan. 29 as it announced a partnership with Yozma Group Korea. “Our goal is to provide end-to-end solutions f...
[THE INVESTOR] Despite the nose-diving value of digital currencies in the past several months, crypto and blockchain industries still have growth potential and are worth paying attention to, according to experts at Chain Plus, a two-day conference being held in Seoul. “The blockchain and crypto ...
[THE INVESTOR] Money20/20, the world’s largest fintech and payment conference, said on Jan. 21 that it has launched Token Day as part of its Asian edition. During the event, taking place on March 19-21 in Singapore, industry experts including IBM CTO Stanley Yong and Ripple CTO David Schwartz, w...
[THE INVESTOR] BTC Korea, operator of Korea’s largest cryptocurrency exchange Bithumb, is paring down its workforce as the market is showing no signs of an upturn, according to industry sources on Jan. 17. Once the largest crypto exchanges in the country, Bithumb has retrenched 30 employees, ac...
[THE INVESTOR] Upbit, the nation’s largest crypto exchange operated by Dunamu, has become the third-largest globally in terms of trade volume, according to the latest report of Blockchain Transparency Institute published on Dec. 13. BTI has published exchange rankings since August, with aims to ...
[THE INVESTOR] BOScoin, one of the forerunners of initial coin offering in Korea, announced the results of its first voting process carried out on its mainnet SEBAK on Dec. 7. A mainnet is a network system on which actual transactions take place and applications are operated. The voting was part...
[THE INVESTOR] Blockchain is the latest buzzword across businesses, with many heralding the budding technology as the “new internet.” Despite the hype, however, its wide adoption around the world has been rather slow. Blockchain, the underlying technology behind Bitcoin and Ethereum, is at a cr...
[THE INVESTOR] Bitcoin prices have dropped below US$5,000 for the first time this year, dragging down other major cryptocurrencies amid growing uncertainties. Bitcoin, which has already lost more than 65 percent of its value this year, declined more than 22 percent last week, latest CoinDesk data...
[THE INVESTIR] Theta Labs, operator of Theta, the first video delivery network powered by blockchain, said on Nov. 15 it has teamed up with Korea’s KAIST to jointly develop the elite school’s blockchain curriculum and foster a new generation of talent in the sector. This is the San Jose-based f...
[THE INVESTOR] Blockchain technology firm and cryptocurrency miner Bitfury said on Nov. 8 it has raised US$80 million in private placement from global investors. Korelya Capital, a Paris-based venture capital firm that is backed by Korea’s internet giant Naver, led the latest round, with other p...
[THE INVESTOR] Coinone, one of Korea’s largest cryptocurrency exchanges, on Nov. 1 said it has opened a new exchange CGEX in Malta. CGEX only offers crypto-to-crypto trading pairs -- not fiat currencies -- starting with the Bitcoin market. “Coinone, as the first-generation exchange in Korea, h...
[THE INVESTOR] Korea’s leading cryptocurrency exchange Bithumb announced on Nov. 1 that it plans to set up an exchange for securitized tokens with US-based fintech firm SeriesOne. According to the agreement signed between them, the Korean firm will provide investments and technical support for t...
[THE INVESTOR] Dunamu, operator of Korea’s leading cryptocurrency exchange Upbit, said its new Singapore exchange kicked off services on Oct. 30. Earlier in February, the firm set up Upbit Singapore and has been preparing for its debut. The exchange, serviced in English, offers Singapore doll...
[THE INVESTOR] Upbit, one of Korea’s largest crypto currency exchanges, said on Oct. 30 its recent Upbit Developer Conference materials will be open to the public to share more information with other developers who could not join the two-day event held in September. The exchange operator Dunamu ...
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