The South Korean fintech giant expects the investment to create 10,000 jobs in the Web3 space and says it will strengthen the competitiveness of the domestic industry.
Founders of Three Arrows Capital (3AC), a ‘crypto’ hedge fund, appeared to have gone missing after filing for bankruptcy.
The Korea Fair Trade Commission will put Dunamu, owner of the country's largest digital currency exchange Upbit, under high scrutiny due to the firm's monopolistic market share.
In a deal reported to be worth $52 million, Hanwha has invested through its brokerage arm, which will acquire 2.06 million shares. The deal is expected to close on February 22.
South Korean crypto wallet Bitberry is set to shut down at the end of this month, blaming the crypto market slow momentum and the uncertainty of the industry.
Dunamu revealed on May 15 that the company has invested $46 million in 26 different blockchain startup companies over the past year.
