WEMIX token plunges 70% after it’s delisted by Korean exchanges

South Korea’s largest crypto exchanges have announced they will delist WEMIX (WEMIX) — the native token of gaming company Wemade’s blockchain platform Wemix — alleging the firm provided “false information” in response to an investment warning it was issued. Bithumb, Upbeat, Coinone, Korbit and Gopax — which are part of a collective called the Digital […]

30-somethings led crypto purchases at South Korean exchanges in 2021

Crypto users between 30-39 years old in South Korea are reportedly the demographic with the most deposits on major exchanges in the country. According to a Sunday report from the Yonhap News Agency, South Korean residents in their 30s deposited roughly 2.2 trillion KRW — $1.9 billion at the time of publication — to crypto […]

Korea’s Shinhan Bank makes strategic investment in crypto custody consortium

Shinhan Bank, the oldest banking institution in South Korea, continues its efforts to introduce digital asset custody services with a new investment. According to a Jan. 7 report by news agency Yonhap, Shinhan Bank has invested in Korea Digital Asset Trust, or KDAC, an industry consortium of businesses that provide digital asset custody. The initiative […]