Search results for July 31
Crypto
NFT-collateral loan protocol NFTfi to shut down after six years
NFT-collateral loan protocol NFTfi will gradually shut down its services after a downturn in the NFT market left it unable to cover operating costs. The protocol has already halted new loan issuance. Existing loans can be extended in 30-day increments or transferred to other lenders until July 31. Borrowers can repay principal at any time until Aug. 31. NFTfi will end operations and close its website on Aug. 31.
Crypto
Bank of Japan rate decision nears; will bitcoin repeat 22 percent correction nightmare?
With the Bank of Japan set to decide policy on June 16, concern is rising that bitcoin could face another sharp correction. Cointelegraph reported that bitcoin fell about 18 to 28 percent after each BOJ rate hike since 2024, averaging 22.4 percent. Analysts say a repeat is uncertain because market conditions differed each time. Attention is shifting to on-chain signals such as increased whale inflows to Binance and more than $2.5 billion in realized losses.
Telecommunications & Media
LGU+ to hold Uth Shorts Festival with Google, seeking generative AI content
LGU+ will hold the second Uth Shorts Festival, a customer-participation Shorts video contest run with Google and YouTube, the company said on Tuesday. The contest runs through July 31 and is open to anyone regardless of age or mobile carrier. This year’s theme is expressing one’s identity using AI, with two categories. Winners will be chosen based on topic fit, quality and views, with top entrants offered an AI training trip to Los Angeles.
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Crypto
Charles Hoskinson signals pause as TapTools shuts and ADA slides
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Telecommunications & Media
SKT to launch integrated plan from July, roll out \'peace of mind data for all\'
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Games & Commerce
Korea Post launches campaign to boost recycling of composite-material products
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Finance
FX stabilisation bills pass parliament; tax exemption up to 100 percent for return to Korean stock market by May
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Finance
Brokerages roll out RIA accounts to lure overseas stock investors back to Korea
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Crypto
Epstein unreleased email claim of contact with Bitcoin founders stirs controversy