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Crypto

K-STAR verifies blockchain-based digital local currency with BNK Busan Bank

K-STAR, a technology alliance for a won stablecoin-based digital currency infrastructure involving AhnLab Blockchain Company, said on Sunday it completed a proof of concept with BNK Busan Bank to verify blockchain-based payment and settlement infrastructure for digitising local currency. The project aimed to implement an end-to-end policy-based local currency with embedded conditions such as usage locations and validity periods, and to test operational feasibility in a real financial environment.

Crypto

XRP overtakes bitcoin on Upbit as South Korea emerges as a core XRPL market

XRP has become one of the key traded assets on Upbit in South Korea, with its XRP/KRW market sometimes surpassing bitcoin and ether during periods of higher volatility, according to remarks by Evernode CEO Ashish Birla. He also pointed to a shift among major South Korean financial institutions toward investing in infrastructure supporting digital assets. Discussion at the Bitcoin Seoul event also highlighted tokenisation and real-world assets.

Crypto

XRP surge may hinge on bank demand, not retail buying

XRP could be repriced by institutions\' liquidity needs rather than individual investors\' speculative demand, a claim said. XRP has fallen more than 2 percent this month and over 27 percent since the start of the year. A commentator said banks would source XRP liquidity for large payments instead of hoarding it, and that higher prices could deepen liquidity and cut slippage. The article also notes there is no guarantee such a scenario will unfold.