[Bitcoin Now] Three-Way Race for Fractional Investment Exchange Approval... STO Market Set to Open Soon

The competition for preliminary approval of the OTC marketplace (distribution platform) for fractional investment has narrowed to three contenders. The financial authorities plan to select two companies within this year. There are no disagreements in the National Assembly regarding the Security Token Offering (STO) bill, so the related market is expected to fully open next year. According to the financial authorities on November 6, three consortiums?KDX Consortium, NXT Consortium, and LucentBlock Consortium?have submitted applications for preliminary approval to operate an OTC marketplace for fractional investment. The largest among them is the KDX Consortium, led by Korea Exchange, with participation from Kiwoom Securities, Kyobo Life Insurance, Kakao Pay Securities, and Heungkuk Securities. The fractional investment platform BuySellStandard is also reportedly included. The NXT Consortium is led by alternative trading platform NextTrade as the largest shareholder, joined by Shinhan In

Crypto

11.06 07:00

[Bitcoin Now] $100,000 Mark Broken... Triple Blow and 'Tech Stock Shock'

The price of Bitcoin has fallen below $100,000 for the first time in five months since June. The cryptocurrency market, already weakened by diminished expectations for a U.S. interest rate cut, large-scale liquidations, and hacking incidents, was dealt a final blow by the poor performance of major U.S. technology stocks such as Palantir. According to cryptocurrency market tracker CoinMarketCap on November 5, as of 10:00 a.m., Bitcoin was trading at $101,193, down 4.6% from 24 hours earlier. The price briefly dropped to as low as $98,962 in the early morning hours before barely recovering the $100,000 mark. Compared to its yearly high of $126,198 recorded on October 7, this represents a decline of nearly 20%. At the same time, Ethereum, the leading altcoin (cryptocurrencies other than Bitcoin), fell by 10.7% over the past 24 hours, while other major cryptocurrencies by market capitalization such as Solana (-8.08%), Ripple (XRP) (-6.96%), BNB (-6.63%), and Dogecoin (-4.78%) also showed w

Crypto

11.05 10:24

[Bitcoin Now] Bitcoin Falls Below $100,000 for the First Time Since June

Bitcoin has fallen below $100,000 for the first time since June. According to global virtual asset market tracking platform CoinMarketCap, as of 8:32 a.m. on November 5, Bitcoin was trading at $101,178.41, down 4.98% from 24 hours earlier. This marks a 4.98% drop from 24 hours ago and a 10.40% decline from a week ago. Around 6:35 a.m., Bitcoin fell as low as $99,171.11, briefly losing the $100,000 mark. This is the first time Bitcoin has dropped below $100,000 since June 22, when tensions in the Middle East escalated after the United States attacked Iranian nuclear facilities. Altcoins also experienced a sharp decline. Ethereum (ETH) fell 8.90% from 24 hours ago to $3,275.23. Ripple (XRP) also dropped by 3.85%, while Binance Coin (BNB) and Solana (SOL) recorded declines in the 5-6% range. The main reason for the decline appears to be the drop in U.S. technology stocks. Bloomberg reported that the sharp fall in tech stocks had an impact. On November 4 (local time), the Nasdaq closed at

Crypto

11.05 08:38

[Bitcoin Now] Bitcoin Drops to the $104,000 Range

The price of Bitcoin has dropped to the $104,000 range. According to CoinMarketCap, a global virtual asset market data platform, as of 5:06 p.m. on November 4, the price of Bitcoin stood at $104,174.24, down 3.15% from 24 hours earlier. This marks a 3.15% decline compared to the previous day. Altcoins are experiencing a similar trend. Ethereum fell 6.25% to $3,482.27, while Ripple (XRP) dropped 7.22% to $2.24. In addition, Solana declined 11.09% to $156.78. The downward trend in virtual assets is attributed to weakened investor sentiment caused by forced liquidations of virtual asset derivatives. According to Coinglass, a virtual asset data provider, the total liquidation amount of virtual assets over the past 24 hours reached $1.24 billion (approximately 1.7839 trillion won). Additionally, liquidity shifts resulting from bullish domestic and global stock markets are also cited as reasons. The KOSPI recently surpassed the 4,200 mark, reaching an all-time high. In the New York stock mar

Crypto

11.04 17:13

[Bitcoin Now] Ethereum Plunges After $100 Million Hacking Incident

Ethereum, the second-largest cryptocurrency by market capitalization, plunged sharply following a hacking incident involving over $100 million. According to CoinMarketCap, a digital asset market data site, Ethereum was trading at $3,628 as of 9:45 a.m. on November 4, down 6.64% from 24 hours earlier. The price dropped to as low as $3,560 during the day before rebounding slightly. Compared to this year’s high of $4,953 on August 25, the price has fallen by more than 26%. The sudden drop in Ethereum’s price appears to be due to a hacking attack on the cryptocurrency protocol Balancer, which resulted in the theft of more than $100 million in digital assets. Bloomberg reported that security firms PeckShield and Cyvers detected the incident and issued warnings, estimating the losses to be over $128 million (approximately 190 billion won). Balancer also acknowledged the hack via its social networking service account on X (formerly Twitter), stating, “We are aware of the hack. Our engineering

Crypto

11.04 10:22

[Bitcoin Now] "Korean Won Stablecoins Should Be Taxed Differently from General Virtual Assets"

There has been a call for tax regulations on Korean won stablecoins to be distinguished from those on general virtual assets. The argument is that, since stablecoins can be redeemed one-to-one with legal tender, they should be taxed differently from typical virtual assets. On November 3, the Korea Fintech Industry Association held a National Assembly forum on the "Distribution and Taxation System of Korean Won Stablecoins" at the first seminar room of the National Assembly Members' Office Building in Yeouido, Seoul. The seminar was attended by Democratic Party lawmakers Min Byungdeok and Lee Kangil, as well as Lee Kanghyun, Chairman of the Indonesian Korean Chamber of Commerce and Industry, among others. Accountant Oh Yuntaek identified value stability as one of the key characteristics of stablecoins. He explained that, because they are linked to legal tender and can be redeemed one-to-one, their value is stable. He also emphasized that, since they possess more characteristics that al

Crypto

11.03 16:33

[Bitcoin Now] Third Quarter Rally Drives Exchanges to 'Earnings Surprise'

Coinbase, the largest cryptocurrency exchange in the United States, posted earnings that far exceeded expectations during the cryptocurrency rally in the third quarter. According to CNBC on October 30 (local time), Coinbase reported third-quarter revenue of $1.87 billion (approximately 2.67 trillion won), significantly surpassing the market forecast of $1.8 billion. This figure represents a 55% increase compared to the same period last year, when revenue was $1.205 billion. During the same period, net profit surged to $432.6 million, a 5.7-fold increase from $75.5 million a year earlier. Earnings per share (EPS) also came in at $1.50, well above the expected $1.10. The company attributed its better-than-expected performance to several factors. First, the Trump administration's pro-cryptocurrency policies led to regulatory easing for digital asset companies, which improved investor sentiment. Additionally, the easing of fears following speculation in June about a possible improvement in

Crypto

10.31 10:58

[Gyeongju APEC] Digital Assets Enter the Global Economic Stage... Dunamu Hosts Future Tech Forum

Dunamu, the operator of the virtual asset exchange Upbit, hosted the 'Future Tech Forum: Digital Assets,' an official side event of the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit. The Future Tech Forum is an official side event of the APEC CEO Summit, and it is noteworthy that digital assets were included in the APEC Future Tech Forum, which has traditionally focused on real industries. Oh Kyungseok, CEO of Dunamu, delivered a welcome address at the forum held on the morning of October 30 at the Wonhwa Hall of Gyeongju Arts Center in Gyeongju, North Gyeongsang Province. He stated, "Digital assets are no longer an innovation limited to a specific field; they serve as a bridge connecting technology and finance, markets and people, regions and economies," emphasizing, "Today's sessions will explore connections from various perspectives." He continued, "The theme of the digital asset track, 'Connecting the Future of Finance,' reflects our belief that connection is the founda

Crypto

10.30 11:07

40% of Economists Say "Korean Won Stablecoin Legislation Should Wait Until Anti-Money Laundering and International Cooperation Are Secured"

[Bitcoin Now] Three-Way Race for Fractional Investment Exchange Approval... STO Market Set to Open Soon

[Bitcoin Now] $100,000 Mark Broken... Triple Blow and 'Tech Stock Shock'

[Bitcoin Now] Bitcoin Falls Below $100,000 for the First Time Since June

[Bitcoin Now] Bitcoin Drops to the $104,000 Range

[Bitcoin Now] Ethereum Plunges After $100 Million Hacking Incident

[Bitcoin Now] "Korean Won Stablecoins Should Be Taxed Differently from General Virtual Assets"

[Bitcoin Now] Third Quarter Rally Drives Exchanges to 'Earnings Surprise'

[Gyeongju APEC] Digital Assets Enter the Global Economic Stage... Dunamu Hosts Future Tech Forum

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