Search results for Convergence
Crypto
Bitcoin DeFi protocol Echo hacked after admin key stolen
Bitcoin-focused DeFi protocol Echo was hacked on May 18, after an attacker stole a service administrator key used on the Monad chain. Onchain Lens said the attacker minted 1,000 eBTC tokens, pledged 45 eBTC on DeFi lending protocol Convergence and borrowed about 11.29 WBTC, then bridged it to Ethereum, swapped to ether and moved 385 ETH to Tornado Cash. Echo said it recovered the key and burned 955 eBTC.
Crypto
XRP 15 dollar outlook returns as analyst sees chance to outpace bitcoin
An analysis said XRP could show a move up to 10 times stronger than bitcoin if it breaks above long-term chart resistance. Blockchain outlet The Crypto Basic reported that market analyst Celal Kucuker projected XRP could quickly rise above $15 if XRP/BTC breaks out of a multi-year symmetrical triangle. He highlighted a key support level at 0.00001575 and said a 907 percent surge against bitcoin is a target scenario, while noting broader market conditions and volume must support any bullish shift.
Mobility
Mobility industry speeds up autonomous driving with proven data as a weapon
South Korea\'s mobility platform industry is expanding into autonomous driving by using data gathered from its own services as AI training assets. Socar plans to set up a standalone unit for autonomous driving services, with Krafton joining as a strategic investor. Kakao Mobility has declared a shift into a physical AI company and outlined technology plans based on Kakao T data. Autonomous A2Z is building mass-production systems through deals with automakers and parts makers.
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Crypto
Gold near $4,700 flashes warning signs as correction looms
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AI & Enterprise
South Korea builds lifecycle support system for quantum technology, expands scope of aid
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AI & Enterprise
MSIT holds working-level body on data safe zones, discusses steps to boost use
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Telecommunications & Media
U.S. 6G spectrum tilts toward 7 GHz band as top contender
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Crypto
Ethereum-based tokenised U.S. Treasury market tops $8 billion
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Telecommunications & Media
Assembly science committee approves bill to set up Korea Broadcast Media Telecom Promotion Agency
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People
Global K-Culture Economy Forum launches to support content and cultural finance
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AI & Enterprise
MSIT expands Codyssey training to develop 200 AI talent in Daejeon and South Gyeongsang
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AI & Enterprise
KERI develops autonomous manufacturing multi-agent AI technology
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Crypto
Bitcoin rebound extends, $85,000 emerges as next resistance
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AI & Enterprise
7 software-focused universities to shift to AI-focused programme, including Korea and Yonsei
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Crypto
XRP seen repeating signals from before July 2025 surge, drawing rebound hopes
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AI & Enterprise
AhnLab adds traditional Chinese support to AhnLab EPP to target Greater China market
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Industry
Korea to hold 2027 R&D budget strategy meeting, focus on funding restructuring
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Crypto
May XRP outlook hinges on breakout or $1.17 retest