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South Korea
South Korea’s Crypto Ecosystem Shakes Off Terra Debacle, With Gaming Dominating Web3 Activity
Korean banks are gradually dipping their toes in the market, and gaming firms are trying to capitalize in the crypto-frenzied market.
Web3 Doesn’t Care About Bitcoin Prices – And Other Musings From Korea Blockchain Week
A packed venue and hopeful cheers from an estimated 10,000 people attending the many Web3 panels could have made one doubt whether the industry remains in one of the deepest bear markets in its young history.
Breaking Down the Crypto Trends in South Korea
Matrixport's Head of Research and Strategy, Markus Thielen, joins "First Mover" to discuss crypto asset evaluation and trends in the Korean market, focusing trading activities on crypto exchange Upbit and the recent surge in XRP token.
How South Korea’s Crypto Scene Is Emerging From Terra Luna's Implosion
The collapse of the Terra Luna stablecoin project reverberated throughout the world, causing some $60 billion to evaporate. But the longest shadow fell over Korea, where it remains today. CoinDesk's Executive Director of Global Content Emily Parker reports.
As Justice Is Sought for Do Kwon, South Korea’s Crypto Scene Emerges From Terra’s Shadow
The collapse of Terra continues to reverberate in Do Kwon’s homeland, but there are signs of progress, CoinDesk’s Emily Parker reports.
DOGE Rally Sustained by Traders in Korea: Analyst
Dogecoin (DOGE) surged more than 35% after Elon Musk's Twitter replaced the social-media platform's blue bird atop its homepage with the cryptocurrency's iconic Shiba Inu dog logo. The Tie co-founder and CEO Joshua Frank breaks down the geographical drivers behind DOGE, saying, "the rally was certainly sustained by traders in Korea." More broadly, Frank added that "Asian hours and European hours traders are really moving the crypto markets."
South Korean Traders Are Jumping on SXP, ICX Tokens
Trading volumes and prices for the two tokens have surged in the past few days on local exchanges.
Do Kwon Extradition Sought by U.S., South Korea, Montenegro Justice Minister Says
Marko Kovac said the Terraform Lab founder's extradition proceedings would follow a criminal proceeding for ID document forgery.
NEAR Foundation CEO on Future of Web3 and Women in Crypto
NEAR Foundation is launching a partnership with METABORA, the Web3 gaming affiliate of Kakao Games, to accelerate Web3 developments in Korea's gaming market. NEAR Foundation CEO Marieke Flament discusses the organization's initiatives and her outlook on the Web3 space. Plus, a conversation on challenges facing women in the crypto industry on International Women's Day.
Do Kwon Reportedly in Serbia; Future of FTX’s Political Donations
U.S. prosecutors are considering criminal charges against crypto exchange Binance and individual executives, including founder and CEO Changpeng Zhao, Reuters reports. Do Kwon, wanted internationally in connection with Terra's collapse, has moved to Serbia through Dubai, according to CoinDesk Korea. And Bloomberg reports that at least $73 million of political donations tied to Sam Bankman-Fried’s FTX may be at risk of being clawed back.