South Korean convenience stores, 7-Eleven, are joining forces with the country’s central bank in an experimental pilot program for Central Bank Digital Currency (CBDC) payments. The trial, running […]
7-Eleven Joins South Korea’s CBDC Pilot Program, Offering Discounts on Purchases
South Korea’s 7-Eleven stores are taking part in the pilot program for the nation’s central bank digital currency (CBDC), offering a 10% discount on all products during the […]
Korean City Council Member’s Crypto Fortune Soars 1000x!
A South Korean city council member has seen his cryptocurrency investments skyrocket by an incredible 1,000 times. Kim Hong-soo invested a modest $6,800 in 2018 and witnessed his […]
South Korea’s Digital Asset Boom Attracts Millions
South Korea is witnessing a surge in digital asset adoption, with nearly one-third of its population now actively investing. This growth is fueled by the rise of platforms […]
South Korea: Digital Asset Investment Soars Amidst Regulatory Shifts and Growing Investor Interest
Driven by the expanding digital asset market, South Korea is witnessing an exciting surge in investment activity. The nation’s population of investors has more than doubled in recent […]
South Korea Exceeds 16 Million Cryptocurrency Investors: Market Expansion Continues
In South Korea, the crypto market is experiencing a surge in investors, reaching a remarkable milestone of over 16.29 million individuals as of October 2023. This significant growth […]
South Korean Court Sentences Three to Prison for $460,000 Crypto Fraud
In a significant case against crypto scammers, three South Koreans were sentenced to prison for a fraudulent investment scheme targeting an estimated $460,000. The mastermind, who led the […]
Bithumb Rebounds: After Challenging Past, Exchange Posts Surprising Profits & Eyes U.S. IPO
The South Korean crypto exchange Bithumb experienced a dramatic turnaround in 2024, achieving $110 million in net profits and navigating a challenging history marked by security breaches, legal […]
Bithumb Recovers in 2024: Net Profit Skyrockets 565% on Market Recovery
South Korean cryptocurrency exchange Bithumb achieved a remarkable turnaround in financial performance during 2024, experiencing a dramatic surge in profitability. Revenue nearly tripled year-over-year, reaching 496.3 billion won, […]
South Korea’s Crypto Market Hits Saturation Point at 16 Million Users
South Korea has reached a significant milestone in its cryptocurrency market, with 16 million users confirmed by financial authorities. This represents an apparent saturation point for the country’s […]
16 Million Crypto Users in South Korea Indicate Saturation Point
South Korea’s booming crypto market has reached a significant milestone with 16 million active users on exchanges like Upbit. This surge suggests the market may have reached saturation, […]
South Korean Crypto Ponzi Scheme Leads to Prison Sentences
Three members of a South Korean investment group have been sentenced to prison for defrauding investors of approximately $460,000 by falsely promising high returns on cryptocurrency investments. The […]
South Korean Court Sentences Three for Crypto Investment Fraud
The Busan District Court has issued sentences ranging from 2.5 to 4.5 years in prison to three individuals convicted of a fraudulent cryptocurrency investment scheme. This case, which […]
South Korean Court Sentences Three Crypto Scammers for $416K Fraud Scheme
A South Korean court has delivered sentences to three individuals who were found guilty of orchestrating a fraudulent investment scheme that defrauded victims of approximately $416,000 (around 610 […]
Upbit Expands Digital Asset Holdings with Strategic Partnership in South Korea
South Korean cryptocurrency exchange Upbit has partnered with Dunamu & Partners to significantly increase its digital asset holdings. This strategic move marks a significant expansion for Upbit, potentially […]