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Dunamu, Inc., a South Korean fintech startup and the operator of crypto-asset exchange Upbit, has announced the launch of Luniverse, a consortium-based blockchain service platform. Lambda256, Dunamu’s research arm, was responsible for the development of Luniverse and will be spun off as a subsidiary, Dunamu said on Tuesday....
South Korean company BxB Inc. has announced the launch of KRWb, the world’s first 1:1 Korean won-backed stablecoin aimed at providing greater liquidity to cryptocurrency exchanges and global accessibility of value transfers into and out of South Korea. KRWb is a token issued against a safe deposit denominated in Korean...
Four of South Korea’s largest cryptocurrency exchanges, Bithumb, Coinone, Korbit, and Upbit, have announced a new initiative to increase anti-money laundering (AML) efforts and fight illegal activities on their respective platforms, the companies said in a joint statement on January 25. A hotline dedicated to AML issues will be established...
Blockchain Exchange Alliance (BXA), the Singapore-headquartered holding company of Bithumb, one of South Korea’s largest cryptocurrency exchanges, is looking to raise at least US$100 million in a Bnktothefuture equity crowdfunding. BXA holds 38.7% of the company that owns and operates the Bithumb exchange. The exchange claims 4.3 million active users...
Orbs, an Israeli startup developing a hybrid blockchain complementing and scaling base-layer protocols such as Ethereum, has raised a “seven-figure” US dollar investment from Kakao Investment, the venture arm of the leading South Korean Internet conglomerate Kakao. Orbs said on Thursday that the new capital will be used to...

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