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Binance Holdings plans to return to South Korea after pulling out of the market in 2020. The world’s largest cryptocurrency trading platform by volume said it had acquired a majority stake in South Korea-based crypto exchange GOPAX. In November, GOPAX suspended customer withdrawals from its DeFi service, GoFi, after suffering effects from the bankrupt lender Genesis […]
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Do Kwon says charges levelled against him by the South Korean prosecutors are not legitimate and politically motivated, sharing a rare update on what has become one of the most high profile events in the crypto industry this year in the aftermath of the $40 billion wipeout of his Terra blockchain. Kwon said he has […]
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South Korea’s Financial Supervisory Service (FSS) said on Thursday that it had found additional unusual foreign exchange transactions of $680 million, which brings the total amount of “abnormal” transfers to approximately $7.2 billion since June. The authorities confirmed that most dubious foreign money remittances involved crypto-related activities because the transactions were transferred from cryptocurrency exchanges to […]
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LG Electronics said today it has released its non-fungible token (NFT) platform LG Art Lab, which lets users discover, buy, sell and trade NFTs on LG’s smart TVs. The announcement comes roughly eight months after LG Electronics said at its press conference that it plans to incorporate NFT features into its smart TV. The platform […]
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The U.S. Department of Justice is in the early stages of drafting an antitrust lawsuit against Apple, according to sources cited by Politico in a report released just ahead of the weekend. While the new report suggested a potential suit could arrive by the end of the year, it also stressed that a final decision […]
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Augmented reality headsets have been around for years, but none of the market players has really expanded beyond the techy demographic and broken into the mainstream. An AR startup hopes to change that by partnering with an eyewear fashion brand. Nreal, the well-funded Chinese AR headset maker that’s been making aggressive global expansion, said Thursday […]
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South Korea’s communication watchdog, the Korea Communications Commission (KCC), said Tuesday it will investigate Apple and Google over potential violations of the country’s in-app payment rule. Local media reports noted that the agency will start this investigation on August 16. Apart from Apple and Google, the KCC is also investigating SK Group’s homegrown app store […]
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Singapore-based cryptocurrency platform Crypto.com has acquired two startups in South Korea — payment service provider PnLink and virtual asset provider OK-BIT — for an undisclosed amount, Crypto.com said. The company also said Monday it has secured registrations under South Korea’s electronic financial transaction act and as a virtual asset service provider. “We are committed to […]
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South Korea is headed for the moon. Last night, the country launched its first-ever lunar mission — in fact, its first-ever mission beyond low Earth orbit. Formerly called the Korea Pathfinder Lunar Orbiter (KPLO), the mission, managed by the Korea Aerospace Research Institute (KARI), is now named Danuri, a play on the Korean words for […]
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The number of emoji subscription purchases on the South Korean messaging app KakaoTalk has dropped by a third over the year, parent firm Kakao said in quarterly earnings call Thursday. It blamed Google’s new in-app payment policy, which forces apps to use the Android-maker’s own billing system. KakaoTalk’s Emoticon Plus subscription service, which costs approximately […]
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