Korea News
Tokenized Deposits as Alternative to Stablecoins Favored by South Korean Banks in Preparation for CBDCs
South Korean banks are favoring Certificate of Deposit (CD) tokens as potential alternatives to “volatile” stablecoins, as reported by t...
Futures Tentatively Higher At Start Of Action-Packed Week
Futures rose as we enter a very heavy macro and earnings week highlighted by the Fed, ECB, BOJ, global PMIs and GDPs, US PCE, as well as ear...
Sentiment slipped on weak EZ PMIs, Crude bolstered by Politburo – Newsquawk US Market Open
European bourses are mixed with Flash PMIs flagging increased recession risks while Spain lags after Sunday’s stalemate Stateside, futures...
South Korea’s major crypto lender Delio warns its operations in peril amid lawsuit
Delio, one of the largest cryptocurrency lending companies in South Korea, halted interest payments for all users on Monday, after announcin...
Crypto lender Delio warns normal operations in jeopardy after asset seizures
South Korean crypto lending firm Delio has reportedly raised concerns over whether it can continue to provide normal services to clients aft...
South Korea’s Hana Bank to Work on CBDC and Stablecoin Alternatives
South Korea’s KEB Hana Bank is set to work with the central Bank of Korea (BOK) on the latter’s CBDC pilot and stablecoin alternatives, ...
Shiba Inu ($SHIB) Gets a Welcome From One of South Korea’s Top Crypto Exchanges
Coinone, one of South Korea’s leading cryptocurrency exchanges, has announced the listing of Shiba Inu (SHIB) on its platform. The announc...
Superblock raises $8 million for ‘Over Protocol,’ a layer 1 blockchain
Seoul, South Korea, July 21, 2023, Chainwire Superblock, a contributor to Over Protocol, has raised $8 million from companies and venture ca...
North Korea hackers breached US IT company
A North Korean government-backed hacking group penetrated an American IT management company and used it as a springboard to target cryptocur...
North Korean Hackers Target Crypto Clients of US IT Firm
North Korean hackers Labyrinth Chollima is behind a spate of hacks to steal crypto from the clients of JumpCloud, a US IT company. The group...
South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
South Korea’s Shinhan Bank has completed its second proof-of-concept using stablecoins for international remittances. Siam Commercial Bank...
South Korea’s Oldest Bank Is Testing Stablecoins for Remittances
South Korea’s Shinhan Bank recently completed a stablecoin remittance proof-of-concept pilot on the Hedera Network that could make bank pa...