Tagged: south korea

May 25, 2023 @ 9:48 am By Omar Faridi  |  

Global blockchain technology company and start-up accelerator Cronos Labs announced that it will participate as the main blockchain network partner of the ‘Seoul Web 3.0 Festival 2023’ (SWF2023), organized by the Seoul Metropolitan Government. SWF2023 aims “to enhance the competitiveness of Korea’s Web3 industry and… Read More

May 9, 2023 @ 9:56 pm By Omar Faridi  |  

Uppsala Security, a provider of award-winning security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance and Transaction Tracking has announced a partnership with CODE, a South Korean-based virtual asset service provider (VASP) compliance solution. As part of this partnership, CODE has “launched… Read More

April 25, 2023 @ 10:31 pm By Omar Faridi  |  

Binance Labs, the venture capital arm and accelerator of Binance, committed an investment in the seed funding round of GOMBLE, a blockchain-based casual game developer. GOMBLE will use the funds “to develop and release its first mobile game, RumbyStars, and continue to expand its gaming… Read More

March 30, 2023 @ 11:11 am By JD Alois  |  

Do Kwon is expected to stand trial in Montenegro before facing charges in other interested jurisdictions. Kwon is the founder and CEO of Terraform Labs, the crypto company that created TerraUSD and LUNA. TerraUSD was an aspiring algorithmic stablecoin pegged to the US dollar. The… Read More

March 24, 2023 @ 8:09 am By Omar Faridi  |  

  After trying to evade law enforcement for around six months, Terraform Labs CEO Do Kwon has now been taken into police custody in Montenegro. Kwon and Terraform Labs were responsible for TerraUSD, an aspiring algorithmic stablecoin, and sister crypto Luna, which collapsed last year… Read More

March 15, 2023 @ 10:37 pm By Omar Faridi  |  

Wemade Co., Ltd, which claims to be one of the largest publicly-listed gaming companies in South Korea with a market capitalization of $1.4 billion, has announced a strategic partnership with Space and Time (SxT), a key player focused on decentralized data warehousing. The partnership will… Read More

February 23, 2023 @ 6:03 pm By Omar Faridi  |  

B2B B2B2C blockchain based luxury platform GUHADA recently announced that it has completed attracting an 8 billion KRW Series B investment. Leading domestic venture capital firms such as Korea Investment Partners, Woori Bank,  DTNI Investment (DTNI), BM Ventures participated in the Series B investment round…. Read More

February 22, 2023 @ 10:22 am By Omar Faridi  |  

The Crypto Incident Response Center (CIRC) of Uppsala Security, a South Korean blockchain virtual asset regulatory technology (RegTech) specialist, has recently released its 2022 CIRC Statistical Report. The report is “based on submissions received directly from victims of virtual asset crimes in South Korea, offering… Read More

February 6, 2023 @ 7:02 pm By Omar Faridi  |  

Binance, which claims to be the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has invested in GOPAX, a South Korean cryptocurrency exchange licensed “to provide fiat-to-crypto services to customers, as part of its Industry Recovery Initiative (IRI).” In November 2022, GOPAX halted “the withdrawal… Read More

January 20, 2023 @ 6:38 pm By Omar Faridi  |  

Doge Sound Club, which claims to be the first South Korean NFT project, and Uppsala Security, a company specializing in blockchain and virtual asset regulation technology (Reg-tech), announced the signing of a partnership on the 10th of January “with the goal of improving Web3 security.”… Read More

January 15, 2023 @ 8:25 pm By Omar Faridi  |  

SentBe, Korea’s fintech company, announced the official launch of its international money transfer service in the U.S., “a significant move in the company’s global expansion.” Customers, including migrant workers in the U.S., can now “send U.S. dollars to more than 50 countries with greater ease… Read More

January 2, 2023 @ 8:30 pm By Omar Faridi  |  

The team at FSN is pleased to announce a channel partnership with Chainlink Labs in order “to accelerate the widespread adoption of NFTs and the NFT ecosystem in South Korea.” The channel partnership between Chainlink Labs and FSN will “help boost the adoption of the… Read More

October 27, 2022 @ 9:59 pm By Omar Faridi  |  

Gate.io, which claims to be one of the world’s largest and oldest cryptocurrency exchanges, announced the signing of the Memorandum of Understanding (MoU) with the South Korean city of Busan. The agreement “entails the cooperation between Gate.io and the Busan Metropolitan City government to develop… Read More

September 18, 2022 @ 2:29 pm By Omar Faridi  |  

LINE NEXT Inc., LINE’s venture dedicated to developing and expanding the NFT ecosystem, announced that it has “opened the beta version of the global NFT platform DOSI, available in 9 languages and in 180 countries.” Named after the Korean word for “city”, DOSI is an… Read More

September 15, 2022 @ 11:51 am By JD Alois  |  

As was reported this week, Do Kwon – the creator of TerraUSD and LUNA, has been subjected to a warrant for his arrest in South Korea. TerraUSD sought to be an algorithmic stablecoin tied to the US dollar but lost its dollar peg generating an… Read More

September 14, 2022 @ 3:49 pm By JD Alois  |  

Do Kwon, creator of the failed algorithmic stablecoin TerraUSD and LUNA, is the target of an arrest warrant in South Korea, according to a report. South Korean publication Chosun writes, that Kwon is being pursued by the Seoul Southern District Prosecutor’s Office’s Financial and Securities… Read More

August 22, 2022 @ 4:08 pm By JD Alois  |  

The Financial Services Commission of Korea has issued a warning to 16 unregistered “Virtual Asset Service Providers” or VASPs – the term utilized by the FATF for crypto exchanges. According to a statement by the Commission, the Korea Financial Intelligence Unit (KoFIU) has notified 16… Read More

July 27, 2022 @ 10:47 pm By Omar Faridi  |  

Financial technology firm FIS (NYSE: FIS) is continuing to broaden its global merchant services footprint, announcing that its Worldpay from FIS merchant solutions are available in the fast0growing South Korean markets. Worldpay from FIS has teamed up with Seoul’s TossPayments, which is a South Korea… Read More

July 10, 2022 @ 11:47 pm By Omar Faridi  |  

Delio (CEO James Jung), which claims to be a leader in digital asset finance in South Korea, has launched a Crypto Bank service and expanded its business into offering virtual banking services. Since its founding in 2018, Delio claims it has been “leading the Korean… Read More

June 13, 2022 @ 10:54 pm By Omar Faridi  |  

ComfortDelGro Taxi and Alipay+ recently announced a partnership that enables mobile payments from Malaysia and South Korea, “namely the Touch ‘n Go eWallet and Kakao Pay, to be accepted as cashless payment options in all its Comfort and CityCab taxis.” Users of these mobile wallets… Read More