British Olympic Sprinter CJ Ujah Denies Cryptocurrency Fraud Charges
Olympian CJ Ujah is among ten defendants accused of involvement in an organised crime group behind a cryptocurrency scam that targeted victims through impersonation calls
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Latest updates, press releases, and insights from the volatile world of digital assets.
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Mirae Asset Rebrands Korbit as Digital X in Push for Tokenized Asset Ecosystem
Mirae Asset has acquired a 97.15% stake in South Korea’s oldest crypto exchange Korbit and rebranded it as Digital X, positioning the platform as a hub for real-world asset tokenization, stablecoins, and integrated traditional and digital finance products
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Mirae Asset Completes Acquisition of Korbit, Securing Control of South Korean Crypto Exchange
Mirae Asset Consulting has finalized its purchase of a controlling stake in Korbit, one of South Korea’s pioneering cryptocurrency platforms, marking the first major move by a domestic financial group into ownership of a local exchange
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South Korea Probes Over 40 Crypto Manipulation Cases in Two Years
South Korea’s Financial Services Commission has investigated more than 40 instances of unfair trading in digital assets since the Virtual Asset User Protection Act took effect, referring dozens of cases to authorities as regulators strengthen oversight
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South Korean Regulator Opens Sanctions Process Against Upbit Operator Dunamu
South Korea’s Financial Supervisory Service has begun formal proceedings against Dunamu following a $36 million hack at its Upbit exchange in November 2025, highlighting gaps in current virtual asset regulations
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Derive (DRV) Surges on Upbit and Bithumb Listings
Derive’s DRV token climbed sharply after South Korea’s leading exchanges added trading support, boosting visibility for the on-chain derivatives protocol in a key retail market
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KOSPI Plunges 8.95% in One Day as Circuit Breaker Triggers
South Korea’s main stock index suffered a sharp decline, falling over 8% and halting trading temporarily, amid broad pressure on semiconductor shares and questions over recent gains
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South Korea Accelerates Stablecoin Regulation with Bank-Led Focus
The Bank of Korea is pushing for swift legislation on won-backed stablecoins, prioritizing bank consortiums while advancing deposit token pilots amid ongoing legislative delays
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South Africa Releases Draft Guidance on Crypto Asset Taxation
South Africa’s tax authority has issued draft guidelines that clarify how existing income tax and capital gains tax rules apply to crypto assets, with public comments open until August 31
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Samsung and Korean Firms Challenge Inclusion in OUSD Stablecoin Consortium
Several major South Korean companies, including Samsung and Dunamu, have stated they were listed as partners in the new OUSD stablecoin project without formal agreements, raising questions about the consortium's foundation
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