Chainlink joins European and Korean bank consortia to develop FX settlement network
Banks across Europe and South Korea will study whether regulated euro and won stablecoins can enable real-time cross-border foreign exchange settlement.
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Leading South Korean Bank Toss Taps Solana to Test Cross-Border Remittances for 15 Million Customers
South Korea’s Toss Bank has signed a memorandum of understanding with the Solana Foundation to test blockchain-based remittance and settlement infrastructure. A First for a Korean Internet Bank Toss Bank,…
South Korea Police Detain Bithumb CEO Lee Jae-won as Bribery Probe Widens After Raid
South Korean police have named Bithumb CEO Lee Jae-won as a suspect in an ongoing bribery probe, upgrading his status from a witness. Allegations of Job Solicitation South Korean police…
Bithumb CEO Booked in South Korea Bribery Probe Over Lawmaker’s Son Hiring
South Korean police are investigating Bithumb CEO Lee Jae-won over bribery allegations linked to hiring people connected to independent lawmaker Kim Byung-ki. According to Yonhap News, the Seoul Metropolitan Police…
Report: Seoul Police Raid Bithumb HQ in Probe Tied to Lawmaker’s Son
Seoul police reportedly executed a second search warrant at Bithumb’s headquarters on Monday as investigators pressed deeper into a corruption probe centered on independent lawmaker Kim Byung-ki. Second Raid in…
South Korea Halts KOSPI Trading After 8.4% Crash Trips Circuit Breaker
South Korea’s KOSPI index plunged 8.4% on Monday, triggering a rare circuit breaker that froze trading for 20 minutes as a global semiconductor selloff battered Asian markets and rattled risk…
South Korean Traders Push Bitcoin Into Its Deepest Discount Since 2021
As bitcoin slipped to a 2026 low of $59,100, market data reveals that BTC priced against the South Korean won has been changing hands at a discount. In fact, the…
South Korea Cracks Down on CatFi Rugpull: First-Ever Crypto Fraud Case Under New Investor Protection Law
South Korean prosecutors have filed charges against a group of individuals linked to a Solana-based meme coin project called CatFi, following allegations that the token was used in a coordinated…
Samsung Affiliates Pay $408 Million for Upbit Operator Stake, Closing June 2026
Three Samsung affiliates have agreed to jointly acquire a 4% stake in Dunamu, the company behind South Korea’s largest cryptocurrency exchange, Upbit, for approximately 612.8 billion won ($408 million). Samsung…
South Korea Files First Criminal Case Over DEX Rug Pull, Indicts Five in Solana Meme Coin Scheme
South Korean prosecutors have arrested and indicted five suspects in what authorities say is the country’s first criminal case targeting a rug pull on a decentralized exchange, with the alleged…
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