Korea’s Stock Market Crashed 33%, Then Jumped 18%: Crypto Traders Still Broke
South Korea’s KOSPI crashed more than 33% in July, its worst monthly drop on record, then reversed it with an 18% single-day surge on the last day of the month.…
Bithumb Locks In 2028 IPO as Crypto Listing Race Heats Up
South Korean cryptocurrency exchange Bithumb has put dates behind its long-discussed public listing, outlining a three-stage plan that targets an initial public offering in 2028. Rather than promising a quick…
Hyundai Card Turns $20,000 Stablecoin Test Into Real-World Remittance as Europe Trial Draws Closer
Hyundai Motor America converted $20,000 into stablecoins and transferred them to Hyundai Motor Mexico, where they were exchanged back into U.S. dollars. Shaving Hours off Transaction Times Hyundai Card successfully…
Report: Kiwoom Securities Eyes Bithumb Stake as Korea’s TradFi-Crypto Merger Picks up Speed
South Korea’s Kiwoom Securities is reportedly in early negotiations to buy a stake in Bithumb through a private placement of new shares, adding a major brokerage to the list of…
Samsung Affiliates Pay $408 Million for Upbit Operator Stake, Closing June 2026
Three Samsung affiliates have agreed to jointly acquire a 4% stake in Dunamu, the company behind South Korea’s largest cryptocurrency exchange, Upbit, for approximately 612.8 billion won ($408 million). Samsung…
Hana Bank Buys 6.55% of Upbit Parent Dunamu in $670M Crypto Push
Hana Bank has acquired a 6.55% stake in Dunamu, the operator of South Korea’s largest crypto exchange, Upbit. The deal marks one of the clearest signs yet that major Korean…
South Korea’s K bank Taps Ripple for Blockchain-Based Payment Pilot
South Korea’s K bank has partnered with Ripple to integrate blockchain technology into its overseas remittance services. Key Takeaways: K bank signed a strategic deal with Ripple on April 27…
South Korea Fines Coinone $3.5M, Suspends New User Services for 3 Months Over AML Violations
South Korea’s Financial Intelligence Unit fined crypto exchange Coinone 5.2 billion won and ordered a three-month partial business suspension after inspectors found systemic failures in customer identity checks and dealings…
Bithumb Seeks Asset Freeze to Recover Bitcoin From $40 Billion Payout Error
Bitcoin Magazine Bithumb Seeks Asset Freeze to Recover Bitcoin From $40 Billion Payout Error South Korean crypto exchange Bithumb has begun legal action to recover bitcoin distributed in error during…
South Korea’s Bithumb Exchange Accidentally Sends $44 Billion in Bitcoin to Users
South Korean cryptocurrency exchange Bithumb mistakenly distributed approximately 620,000 bitcoins, worth around $44 billion, to 695 customers during a promotional event. The company quickly acted to restrict trading and withdrawals,…