The ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with ruling from local courts. On Jan. 13 the South Korean Supreme Court finalized its ruling that the exchang...
Tag: South
Korbit Exchange Restricts Employee Crypto Trading in South Korea
South Korean crypto exchange Korbit said it would administer accounts of employees and their families to strengthen internal control. Local reports noted on Jan. 16 that the country’s rules under the ...
Can One Guy From South Carolina Make A Difference In Ukraine? Bryan Wright Was Determined To Find Out.
Bryan Wright capture Bryan Wright was the artistic director for a small company in South Carolina when, in late 2021, Russia began massing forces along the border with Ukraine. Watching as war clouds ...
South Koreans are the world’s biggest spenders on luxury goods
Handbags displayed in a Chanel SA store window at the Avenuel department store, operated by Lotte Shopping Co Ltd., in Seoul, South Korea, on Tuesday, Dec. 14, 2021. SeongJoon Cho | Bloomberg | Getty ...
South Korea Goes After Bithumb for Another Tax Evasion Scandal
Bithumb Holdings comes under federal probe for suspected tax evasion. The current probe is the second time Bithumb has been subject to a tax investigation. Bithumb ranks among the top 10 crypto exchan...
NTS of South Korea Probes Bithumb over Possible Tax Evasion
NTS is investigating Bithumb over possible tax evasion. They were previously accused of similar incidents in 2018, but the charges were reversed. From January 2023, crypto gains over KRW 2.5 million...
South Korea Starts Investigating Crypto Exchange Bithumb (Report)
The National Tax Service (NTS) of South Korea has reportedly hit Bithumb Korea and Bithumb Holdings with a “special tax investigation” to determine whether the cryptocurrency platform has complied wit...
South Korean regulators target Bithumb in new probe
South Korea-based cryptocurrency exchange Bithumb is under a “special tax investigation” by the country’s National Tax Service (NTS), according to local reports. On Jan. 10, tax agents reportedly raid...
Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China – Bitcoin News
A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is...
Chinese are angry at South Korea and Japan
Travel restrictions launched in the wake of China’s border reopening may be affecting where people there are booking trips. But it’s not out of spite, said several Chinese travelers who sp...
The Block: Bithumb probed by South Korean tax officials: Yonhap News Agency
The National Tax Service (NTS) of South Korea has reportedly launched a “special tax investigation” into Bithumb Korea and Bithumb Holdings. On Jan. 10, tax agents raided BithumbR...
Struggling South Africa Fuels Concern Over Test Cricket’s Future
South Africa were totally outplayed in Australia (Photo by Mark Kolbe/Getty Images) Getty Images Finally, belatedly, South Africa showcased trademark grit on day five of the series finale third Test a...
WEMIX delisted: South Korea’s delisting spree continues.
Seol District court justified DAXA’s reasons in delisting WeMade’s WEMIX. WeMade failed to properly disclose the outstanding number of tokens. Other exchanges delisting the token are Bithumb, Cinone,...
South Carolina Supreme Court overturns state abortion ban
The South Carolina Supreme Court on Thursday overturned the state’s ban on abortion after around six weeks of pregnancy, ruling that the law violated the state’s constitutional right to pr...
Binance is Back in South Korea With Latest Acquisition: Report
Crypto exchange giant Binance is once again making moves in South Korea, as it is reportedly acquiring a major stake in local exchange GOPAX. According to Korean crypto news website Decenter, the larg...
South Korean court finds former Chairman of Bithumb ‘not guilty’ of fraud
Lee Jung-hoon, the former chairman of the crypto exchange Bithumb, was acquitted by a South Korean court on Jan. 3. The 34th Division of the Criminal Agreement of the Seoul Central District ruled that...
South Korean Exchange UpBit Becomes Shirt Partner Of Napoli
– Advertisement – The partnership was made possible through a sponsorship deal between Napoli and Dunamu, the South Korean firm operating UpBit. UpBit, South Korea’s largest exchange by tr...
Binance Eyes South Korean Market Via Acquisition of Gopax Exchange
Exchange News The purchase announcement was originally scheduled for Christmas but was postponed. Binance left South Korea in January 2021. On Monday, Binance, the biggest cryptocurrency exchange in t...
Binance Reported to Re-Enter South Korean Markets
Binance is reportedly acquiring Gopax, a South Korean exchange, while Hong Kong plans to allow crypto exposure to retail investors. Decenter, a South Korean publication, reported that Binance complete...
Binance To Re-Enter South Korea Market With Latest Acquisition
The world’s largest crypto exchange Binance on Monday completed due diligence on the acquisition of Gopax and will re-enter the South Korean market. Gopax is among the top five crypto exchanges in Sou...
Binance to acquire the fifth-largest South Korean exchange Gopax
Binance is considering buying the fifth-largest virtual asset platform in South Korea, Gopax. The company has reportedly completed its due diligence and is ready to take the final steps. According to ...
Binance to Re-Enter South Korea by Acquiring Local Exchange: Report
The world’s largest crypto trading platform is reportedly close to completing the acquisition of Gopax – one of the most utilized Korean exchanges. If closed, the deal will signify Binance’s entrance ...
South Korean Crypto Exchange Execs Arrested For Fraud
V Global, a South Korean crypto exchange valued at roughly 2 trillion won (about $1.5 billion USD), has been subjected to a government investigation, with six of its executives facing arrest and impri...
Bosses of Fraudulent South Korean Crypto Exchange V Global Jailed
South Korean authorities appear to have tightened their control over the digital asset space. As such, two high-ranking execs, named Mr.Yang and Mr. Oh of the fraudulent crypto exchange, V Global, wer...
Australia’s Test Cricket Team On Cusp Of Greatness After Thrashing South Africa
Australia thrashed South Africa to wrap up the series (Photo by Dave Hewison/Speed Media/Icon … [+] Sportswire via Getty Images) Icon Sportswire via Getty Images Granted they’ve faced meek oppos...
Big Growth in Electric Heat Set Stage For Blackouts in US South
(Bloomberg) — The states hit hardest by blackouts in last week’s winter storm have significantly increased reliance on heating homes with electricity over the last decade, putting more strain on...
USD/ZAR drops below key support: What next for South Africa rand?
The USD/ZAR exchange rate has pulled back since November on the back of a relatively weak US dollar. After rising to a year high of 18.60, the South African rand has jumped to 17. So, what next for th...
South Korean Crypto Exchange Fraudsters Sentenced
Six executives who were involved in the $1.5 billion (2 trillion won) South Korean cryptocurrency exchange fraud perpetrated by V Global have been sentenced to prison terms ranging from three to eight...