Korea Digital Assets (KODA) announced that it will receive a capital increase of 3 billion won

KODA, the largest cryptocurrency custody service provider in South Korea, announced that it will receive an additional capital injection of 3 billion Korean won (approximately 2.25 million US dollars). This is roughly twice the amount of KODA's capital, and the target company for the capital injection is currently unknown. KODA is a joint venture between KB National Bank, blockchain technology company Hatchlabs, and blockchain investment company Hashd.

Comments

All Comments

Recommended for you

CointimeSG ·

Hong Kong’s ZA Bank is first bank in Asia to launch retail crypto services

Hong Kong digital bank Zhong An Bank (ZA Bank) unveiled a retail cryptocurrency trading service.
CointimeSG ·

NFTs record $158M weekly sales volume, led by Ethereum, Bitcoin

November has already surpassed October’s total volume, continuing strong market momentum for NFTs.
CointimeSG ·

Ex-partner tosses $716M Bitcoin wallet, says ‘tired of hearing about it’

James Howells’ $716 million Bitcoin fortune in a landfill has sparked legal battles, and his ex-partner now claims she followed his instructions to discard the hard drive.
CointimeSG ·

Singapore Gulf Bank seeks $50M to fund stablecoin firm acquisition

Singapore Gulf Bank looks to sell equity stake to fund product expansion and a 2025 stablecoin payments acquisition.
CointimeSG ·

SEC Collected Record $8.2B in Remedies in FY24, 56% Came from Terraform Labs

The agency recovered $6.1 billion while imposing penalties of $2.1 billion. It filed 583 enforcement actions, a 26 per cent decline year-over-year.
CointimeSG ·

Hash-based zero-knowledge tech can quantum-proof Ethereum — XinXin Fan

Google, Microsoft, Amazon, and IBM are some of the biggest companies currently researching and developing quantum computer technology.
CointimeSG ·

AI Crypto Startup O.XYZ Faces Allegations of Misrepresentation and Internal Turmoil: Sources

Founder Ahmad Shadid has defended his and the company’s actions, but sources say O.XYZ's capabilities have been widely misrepresented.
CointimeSG ·

Ether price faces correction before rally to $20K in 2025 — Analysts

Analysts are eyeing a potential $20,000 cycle top for the Ether price, which is expected to gain momentum in the first half of 2025.
CointimeSG ·

Greengage Executes First External Debt Transaction on Coinbase Diamond with ADGM

Project Diamond facilitates blockchain-based debt instrument deal under ADGM Regulation. It uses smart contracts to enhance transparency and efficiency in financial systems.
CointimeSG ·

Will there be a Solana ETF by the end of 2025?

Cboe BZX filed four applications for spot Solana ETFs earlier this week. The approval path for additional spot crypto ETFs should become clearer with a pro-crypto White House administration.