Bank Of Korea Dives Into Crypto: Deposit Tokens Head To Public Chains
The Bank of Korea is moving ahead with plans to tie its own digital tokens to the wider crypto world. It wants to link a central‐bank deposit token to public blockchain networks. This push could reshape how money moves in South Korea and beyond. Related Reading: Double Trouble: Crypto User Loses $2.5M By Copying Same […]
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The race between public chains, which are the cornerstone of the blockchain industry, has always been at the center of attention. Recently, along with the impending Merge and the boom of new, Move-based public chains, the category has once again attracted the spotlight. While Ethereum stays the dominant player in the sector, emerging public chains […]
As one of the major indicators for the valuation of public chains, Total Value Locked (TVL) measures the level of prosperity and the fundamentals of a public chain’s ecosystem, especially for public chains with extensive applications on DeFi. During the short bull market that has just ended, native public chain tokens differed from one another in terms of their performance in the secondary market. Even for public chains with moderate performance like BSC, the TVL rebounded after the May 19 crash. However, their token prices have been lower than those of other public chains (e.g. Solana)....
Switzerland-based crypto bank SEBA is adding support for three defi tokens, bringing the number of cryptocurrencies available on its platform to a total of nine. SEBA clients are able to buy, store and trade with fiat any of these cryptos. SEBA Bank Supports the Coins of 3 Defi Protocols With the new tokens, SEBA Bank is not only expanding its offering but entering into the decentralized finance (defi) world, the fintech noted in an official announcement published this week. The financial company believes it’s now supporting “the tokens of the most important defi protocols....
A former central bank official, nominated to head South Korea’s financial watchdog, has expressed skepticism about recognizing cryptocurrency as a financial asset. In comments to a parliamentary committee, Koh Seung-beom has confirmed his views on the matter align with those of international institutions.
Candidate to Head Korea’s Financial Regulator Says Crypto Is Not Currency
Koh Seung-beom, who may become the next Chairman of the Korean Financial Services Commission (FSC), has shared doubts regarding the value of cryptocurrency as a financial asset and its....
Asia's reputation as an international hotspot for bitcoin news is growing. While China's central bank caused a major stir with yesterday's statement on digital currencies, South Korea's central bank, the Bank of Korea (BOK), this week provided statements of caution and optimism. The BOK released a report on bitcoin on 3rd December, according to BusinessKorea, which pondered the measures required to "open the virtual currency to the public". It may not sound like much, but the BOK had previously ruled out any possibility that bitcoin could become a regular currency. However, this report did....