Crypto Giant a16z Sets Up Shop In South Korea In Major Asia Push
Crypto venture capital firm Andreessen Horowitz (A16z) has opened its first Asian office in Seoul, South Korea, signaling a deeper push into the region where on-chain activity and user adoption have surged. According to the firm, the new hub will support portfolio companies and help build local partnerships and communities. Related Reading: Is Trump About […]
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Satoshi Nakamoto, the pseudonymous creator of Bitcoin, has been honored with a new “disappearing” statue installed at the New York Stock Exchange this week. Related Reading: Crypto Giant a16z Sets Up Shop In South Korea In Major Asia Push According to reports, the piece was placed by investment firm Twenty One Capital and is part […]
South Korea aims to form a digital asset watchdog by June, according to local media sources. The committee will oversee regulation of the space until the government is able to draft basic laws on digital assets. South Korea Launch Crypto Watchdog The committee will be unveiled during the last week of June, according to a […]
Samsung Securities, Mirae Asset Securities and five other giant brokers have filed to launch cryptocurrency exchanges in South Korea in 2023.
Although bitcoin prices plummeted over the weekend, the overall bull-run remains alive, as well as the crypto-related fraud cases in South Korea. The latest figures by the domestic financial watchdog show that such incidents are still on the rise. Police to Dedicate a Special Unit to Investigate Crypto Frauds According to Asia Kyungjae, the Financial Supervisory Service (FSS) revealed that crypto fraud reports skyrocketed by over 41.6% yearly. The statistics from the FSS from January to October 2020 show that the 41,6% increase belongs to 555 cases of suspicious transactions. Due to the....
South Korea is known to host significant crypto trading activity. South Koreans were among the major players during the 2017 crypto boom. The country accounts for less than 1% of the world’s population. But they were behind 30% of the crypto trading volume that year. This was according to estimates by fintech company Cindicator at […]