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South Korea to Classify Crypto Firms as Venture Companies, Unlocking Government Perks

South Korea to Classify Crypto Firms as Venture Companies, Unlocking Government Perks

South Korea is moving to reclassify crypto trading and brokerage firms as “venture companies,” a status that would grant them access to government ...
South Korea opens up to crypto with first institutional crypto sale

South Korea opens up to crypto with first institutional crypto sale

World Vision sold 0.55 ETH on Upbit, marking South Korea’s first institutional crypto sale since easing its ban.
South Korean NGO Becomes First Entity to Sell Crypto After Phased Ban Lift

South Korean NGO Becomes First Entity to Sell Crypto After Phased Ban Lift

World Vision Korea NGO has made the sale of 0.55 Ethereum (ETH), carried out by Korea's largest cryptocurrency exchange, Upbit. The post South Kore...
South Korea Eases Crypto Trading Ban with First Non-Retail Sale

South Korea Eases Crypto Trading Ban with First Non-Retail Sale

The transaction, disclosed by Upbit’s parent company Dunamu, marks the first crypto sale by a non-retail entity under the country’s […] The post So...
South Korean Regulator Designates Crypto Exchange Bithumb as a Conglomerate

South Korean Regulator Designates Crypto Exchange Bithumb as a Conglomerate

The South Korean Fair Trade Commission (FTC) has classified the crypto exchange Bithumb as a conglomerate. The designation will force the company t...
K-pop Giant and BTS Label HYBE Abandons Blockchain Project

K-pop Giant and BTS Label HYBE Abandons Blockchain Project

Major South Korean record label HYBE shutters its blockchain project Binary Korea less than three years after launching due to poor financial perfo...
Upbit Operator Dunamu Triples Dividends Following Profit Surge

Upbit Operator Dunamu Triples Dividends Following Profit Surge

Dunamu, the parent company of Upbit, has announced a threefold increase in cash dividends to common shareholders following a sharp rise in annual p...
Sen. Kennedy Grills Paul Atkins on SBF Pardon Rumors

Sen. Kennedy Grills Paul Atkins on SBF Pardon Rumors

US Senator John Kennedy questioned prospective SEC chairman Paul Atkins about concerns over a possible presidential pardon for Sam Bankman-Fried (S...
South Korea pauses Upbit’s 3-month ban on serving new clients

South Korea pauses Upbit’s 3-month ban on serving new clients

The partial business suspension of Upbit, the biggest crypto exchange in South Korea, was temporarily lifted by a South Korean court. This suspensi...
South Korean exchange UPbit saw massive earnings growth in 2024 amid regulatory hiccups

South Korean exchange UPbit saw massive earnings growth in 2024 amid regulatory hiccups

Dunamu, the parent company of South Korea’s largest crypto exchange UPbit, reported a significant increase in earnings for 2024, defying ongoing re...