South Korea
Role of the South Korean Crypto Market in Bitcoin's Latest Rally
CoinDesk's executive director of global content Emily Parker takes a closer look into the daily crypto trading volume on South Korean exchanges and what it means for bitcoin's (BTC) latest rally, as the largest cryptocurrency by market cap has climbed nearly 25% in the past month. Plus, the significance of BLUR trading in the Korean market.
BlackRock Files Ether ETF Prospectus; Vivek Ramaswamy Proposes New Crypto Rules
"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including BlackRock filing an S-1 form with the SEC for its iShares Ethereum Trust, a spot ether ETF. Republican presidential candidate Vivek Ramaswamy discusses his new crypto policy framework with CoinDesk South Korean pension fund National Pension Service (NPS) bought nearly $20 million worth of Coinbase (COIN) shares. And, Dogecoin heads to the moon.
NFT Platform ImmutableX's IMX Token Surges This Week, Upbit Leads Volume Growth
IMX, the native token of NFT platform ImmutableX, surged on Thursday to as high as 74 cents, before retreating. The IMX-Korean won (IMX/KRW) pair listed on South Korea's Upbit exchange accounted for nearly 20% of the global activity. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Sam Bankman-Fried’s Dad Has Alleged Dispute Over $200K FTX Salary; Crypto Markets Await Key Fed Decision
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto headlines today, as some crypto traders say low volatility will likely continue after Wednesday's Federal Reserve rate decision. Stanford University will reportedly return "gifts" it received from FTX. Court filings reveal alleged interactions between FTX founder Sam Bankman-Fried and his parents. And, a look at South Korean's digital asset holdings abroad.
Hong Kong's Task Force for Web3 Development; South Korea Passes Crypto Bill
The Hong Kong government established a task force for promoting Web3 development, according to a press release on Friday. This comes as South Korea's National Assembly passed the Virtual Asset User Protection Act, marking the country's first step towards building a legal framework for virtual assets. "The Hash" panel discusses the state of crypto regulation in the U.S. compared to the rest of the world.
Attorneys for Terraform Labs Founder Do Kwon Propose $437K Bail
Attorneys for Do Kwon have proposed that the Terraform Labs founder be let off on supervised bail at 400,000 euros ($437,000) as he faces charges in Montenegro for attempting to travel with falsified documents. "The Hash" panel discusses the latest developments as Kwon faces extradition to the U.S. or South Korea.
New Report Sheds Light on Korean Crypto Market Trends
A new report from Matrixport reveals there is a dominance of altcoins in South Korea currently. Matrixport's Head of Research and Strategy Markus Thielen breaks down which of these tokens are translating into success outside of Korea, citing Ripple's XRP and Aptos Labs' APT token.
Do Kwon Extradition Requested by U.S., South Korea: Montenegro Justice Minister
The U.S. and South Korea have both requested for the extradition of TerraForm Labs founder Do Kwon, according to Montenegro's Justice Minister Marko Kovac. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest developments.
South Korean Crypto Exchange Bithumb Under Investigation For Price Manipulation: RPT
The offices of Bithumb were raided on Thursday as part of an investigation into price manipulation of an unidentified coin listed on the South Korean crypto exchange, Yonhap reported. This comes as Bithumb Chairman Kang Jong-Hyun and two other executives were charged with fraud. "The Hash" hosts discuss the latest in the world of global crypto regulation.
Future of the Metaverse Amid Crypto Winter
Sebastien Borget, Co-Founder of The Sandbox and President of the Blockchain Game Alliance, alongside Saro McKenna, co-founder of Alien Worlds, join "First Mover" live from Davos 2023 to discuss the outlook for development and adoption of the metaverse and blockchain gaming. Plus, reactions to South Korea launching a metaverse replica of Seoul.
