South Korea
South Korea to test blockchain deposit tokens for government spending in Q4
Token-based payments can be programmed with spending limits and which industries can use them, reducing audits and lowering transaction fees by removing intermediaries.
Bank of Korea nominee backs central bank-led digital currency, sees limited role for stablecoins
The nominee, Shin Huyn-song, supported a central bank digital currency model, emphasizing the need for strict anti-money laundering and compliance controls.
Bank of Korea calls for stock-style circuit breakers on BTC exchanges
Crypto's 24/7 global trading across hundreds of venues makes it difficult for any single country to halt the market.
Privacy-focused Miden, Korea Digital Asset agree to build crypto infrastructure for institutional adoption
The partnership focuses on privacy, compliance and standards for regulated digital-asset adoption in South Korea.
Upbit Reveals 5.9B-Won Corporate Loss in Latest Hack, Fully Reimburses Users
Upbit said it reimbursed all 38.6 billion won in member assets from its reserves.
Bitcoin Asset Manager Parataxis to Go Public in $400M SPAC Deal Backed by SilverBox
The newly public firm will pursue bitcoin-focused treasury strategies in the U.S. and South Korea.
South Korea Cuts Out Bitcoin Strategic Reserve Considerations: Report
The IMF emphasizes the importance of prudently managing liquidity, market, and credit risks — criteria that bitcoin, with its erratic nature, does not satisfy.
Bitcoin's ‘Kimchi Premium’ Jumps to 10%, Worrying Sign for BTC in Short-Term
Trading volumes on Korean exchanges Bithumb and Upbit have dropped significantly in the past week, indicating a drop in retail trading activity.
Bitcoin Trading on Korean Exchanges at Steepest Discount Since October 2023
Bitcoin is trading on Korean exchanges at the steepest discount since October 2023, according to CryptoQuant. The analytics firm’s Bitcoin Korea premium index, which measures the price gap between Korean and offshore exchanges, slid to negative -0.55, a sign that bitcoin has fallen out of favor in the country. CoinDesk's Christine Lee presents the "Chart of the Day."
Are Traders Positioning for Higher Prices?
10x Research founder Markus Thielen discusses the recent shift in the derivatives market, noting higher implied volatility for calls over puts. Plus, insights on higher trading volumes in Korea and the upcoming trial of the central bank's digital currency.
