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South Korea to Review Crypto Handling and Prevent Recurrence

South Korea's Deputy Prime Minister and Finance Minister Koo Yun-cheol announced a government review of crypto handling and management practices following several high-profile failures. The review, to be conducted urgently with the Financial Services Commission and Financial Supervisory Service, aims to prevent recurrence of incidents like leaks from seized assets. This comes after the National Tax Service accidentally exposed a recovery phrase in a press photo, leading to the loss of $4.8 million in digital assets. Separately, exchange Bithumb mistakenly sent 620,000 BTC instead of won to customers during a promotion, though most funds were recovered. The state clarified it only holds crypto obtained through legal enforcement actions like criminal investigations or tax seizures.

TheNewsCrypto03/02 09:14

South Korea to Review Crypto Handling and Prevent Recurrence

TheNewsCrypto03/02 09:14

Pundit Reveals How XRP Investors Can Avoid Making This “Expensive Mistake”

Amid XRP's price struggles and negative sentiment, leading to significant sell-offs, pundit Max Avery warns investors that panic-selling is an "expensive mistake." Instead of selling XRP to take profits—which triggers a 15-37% tax burden and forces investors to time market re-entry—Avery suggests borrowing against XRP holdings. This approach provides cash without selling tokens, avoids taxable events, and maintains exposure to potential price rebounds. Currently, XRP faces a bearish trend with open interest crashing from $10.8 billion to under $3 billion and daily trading volume declining sharply. However, such conditions have historically marked market bottoms, suggesting a possible rebound ahead.

bitcoinist02/26 15:39

Pundit Reveals How XRP Investors Can Avoid Making This “Expensive Mistake”

bitcoinist02/26 15:39

Bithumb Employee’s Mistakenly Sends $233-Worth of $BTC to Users; Could It Fuel $HYPER?

An employee at South Korea's Bithumb exchange mistakenly distributed 2,000 BTC (worth approximately $233 million) to users instead of a planned 2,000 KRW reward on February 6, 2026. This error caused Bitcoin's price on Bithumb to briefly trade about 10% below other exchanges due to liquidity fragmentation and user panic. The incident highlights operational risks in crypto trading, especially during periods of high volatility, with Bitcoin currently near $66K. Such events often shift market focus toward infrastructure solutions that offer faster execution, lower fees, and more reliable settlement. This context may benefit projects like Bitcoin Hyper ($HYPER), a Bitcoin Layer 2 solution that integrates the Solana Virtual Machine (SVM) for high-speed smart contracts and low-cost transactions. $HYPER's presale has reportedly raised $31.2 million, targeting investors seeking improved Bitcoin scalability and efficiency amid ongoing exchange-related uncertainties.

bitcoinist02/06 14:19

Bithumb Employee’s Mistakenly Sends $233-Worth of $BTC to Users; Could It Fuel $HYPER?

bitcoinist02/06 14:19

Michael Saylor Admits His ‘Big Mistake’ on Bitcoin, Says Price Falling After Strategy’s $2B Purchase Is ‘Good Thing’

Michael Saylor, founder of MicroStrategy, stated that Bitcoin's lack of price increase following the company's recent $2 billion purchase is a sign of market maturity, not weakness. He views this stability as positive, indicating Bitcoin's resilience to manipulation and its evolution into a global capital network rather than a speculative asset. Saylor admitted his past skepticism about Bitcoin was a "big mistake," referencing his 2013 comment that Bitcoin's "days are numbered." He remains highly bullish, expecting Bitcoin to appreciate 30% annually for the next 20 years, and emphasized its advantages over traditional assets due to its lack of employees, management, or counterparty risk. MicroStrategy now holds 671,268 Bitcoin, acquired at an average price of $74,972 each.

ccn.com12/19 11:08