Tag: South

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South Korean Lawmakers Slam Regulators Over Bithumb’s $43 Billion Bitcoin Blunder

In brief Lawmakers in South Korea are intensifying scrutiny on financial regulators that missed a structural issue that led to $43 billion in Bitcoin being...

Dual South Korean listings send Ethereum layer-2 token AZTEC surging 82%

Aztec (AZTEC) surged about 82% in 24 hours to around $0.035 after South Korean exchanges Upbit and Bithumb both moved to list the token...

Microsoft to Invest $50B in AI Push in Global South

Microsoft said it is aiming to address the imbalance in worldwide AI rollout by investing more than $50 billion in the Global South by...

South Korea’s Hanwha Backs US Blockchain Firm Kresus With $13M Investment

Blockchain infrastructure company Kresus secured about $13 million from South Korea’s Hanwha Investment and Securities to expand enterprise digital wallets, real‑world asset tokenization and...

Africrypt Founders Return to South Africa After Years in Hiding: Report

South Africa’s so-called “Bitcoin Brothers,” Raees and Ameer Cajee, have quietly returned to the country years after the collapse of their crypto investment platform...

South Korea Ends 9-Year Corporate Crypto Ban Under Strict New Rules

Key takeawaysSouth Korea is ending a nine-year ban on corporate crypto trading, allowing listed entities and professional investment companies to reenter the market under...

South Korea’s biggest securities firm snaps up crypto exchange as stock market soars – DL News

Mirae Asset has $418 billion in total assets under management.Firm will pay $92 million for 92% stake in Korbit exchange.South Korea’s stock market continues...

South Korea’s Danal Fintech Taps Sahara AI to Build Stablecoin Infrastructure

Danal Fintech, a subsidiary of one of South Korea’s largest payment companies, has signed a strategic Memorandum of Understanding (MOU) with Sahara AI to...

South Korea Prepares Crypto Market Probes Under 2026 Policy Plan

South Korea’s Financial Supervisory Service (FSS) said it will step up scrutiny of suspected cryptocurrency price manipulation in 2026, outlining a slate of planned...

$44B BTC blunder puts South Korea regulators on alert

South Korea’s top financial watchdog is stepping up oversight of crypto markets days after a local exchange mistakenly distributed billions of dollars worth of...

South Korea’s Bithumb Exchange Accidentally Sends $44 Billion in Bitcoin to Users

South Korean cryptocurrency exchange Bithumb mistakenly distributed approximately 620,000 bitcoins, worth around $44 billion, to 695 customers during a promotional event. The company quickly...

South Korean Crypto Exchange Accidentally Gave Away $43 Billion in Bitcoin

In brief South Korean exchange Bithumb mistakenly credited users with 2,000 BTC each instead of a tiny cash reward. The error was corrected within five minutes,...