ChainCatcher news, EdgeX announced that its "XR7 AI Dual Gateway" will officially launch in South Korea soon. At the same time, the EdgeX Testnet has officially started testing, with the first batch of Korean partners including Jung San Biotech, Bos Korea, and SONoC.It is reported that the "XR7 AI Dual Gateway" is an important product for EdgeX to promote DePIN+AI collaborative innovation, aiming to provide global users with ultra-low latency, high concurrency, AI agent, and other service experiences through the deep integration of distributed edge computing power and AI technology, unleashing the maximum potential of the DePIN ecosystem.

ChainCatcher news, Matrixport released a chart stating that the trading volume in the Korean market is highly correlated with the Bitcoin funding rate, as Korean trading users have significant influence in the market. As trading volume declines, the annualized Bitcoin funding rate also decreases. Recently, the trading volume has been below $1 billion for three consecutive days, which may indicate that the funding rate will further decline.However, with the approach of the Korean Blockchain Week, market activity and sentiment may rebound.

ChainCatcher news, Crypto.com announced its entry into the South Korean market. Crypto.com President Eric Anziani stated that the Crypto.com App service will be launched on the 29th of this month, allowing users to conduct cryptocurrency trading and will also support NFTs.Anziani also mentioned that the company will review all aspects required by the Financial Services Commission, Financial Supervisory Service, etc., with the goal of supporting KRW trading as soon as possible in accordance with the "Virtual Asset User Protection Act," which will be implemented in July. (Hankyung)

ChainCatcher news, according to official information, on January 18, Manta Network allocated 3 million MANTA tokens from the unlocked ecological community development fund based on the disclosed token economic model to expand into the Korean market.Of these, 2 million MANTA were recharged to Bithumb through the Manta Pacific chain and exchanged for ETH, with an actual transaction average price of $2.55 to ensure available funds.It is reported that these funds will be used to invest in and promote the growth of the Manta Korean community, focusing on supporting local developers and the community. In addition, the unissued portion of the airdrop will be reserved for users who have not yet unboxed and synthesized NFTs. 180 days after the TGE ends, community members can vote to decide the distribution method of the unclaimed airdrop.

ChainCatcher news, according to market data, the decentralized oracle project Teller (TRB) has seen a daily increase of 71.14%, currently reported at 29.13 USDT.It is reported that Teller plans to enter the South Korean market and will be listed on a leading trading platform in South Korea.

According to ChainCatcher news, as reported by News1, the Korea Banking Association is negotiating with Korean financial authorities and virtual asset exchanges to establish the "Guidelines for the Operation of Real-Name Accounts for Virtual Assets," aimed at enhancing the protection of virtual asset users and preventing activities such as money laundering. Among them, banks require virtual asset exchanges to fulfill their liability for user damages (issues such as hacking, computer failures, etc.) and to maintain a reserve of no less than 3 billion won; additionally, banks plan to implement enhanced customer verification procedures for real-name account users annually, including requiring additional authentication for reclaiming transfers and restricting reclaiming transfers for accounts that have not been used for a long time. Banks plan to categorize user accounts into limited accounts and normal accounts, restricting their deposit and withdrawal limits; they have also established anti-money laundering standards and procedures related to real-name authentication.

ChainCatcher news, Layer 1 blockchain Conflux Network announced a strategic partnership with the Web3 protocol Carry Protocol, which focuses on the advertising sector, to increase Conflux Network's visibility in the South Korean market.Conflux aims to provide blockchain solutions to South Korean enterprises to improve operations and services through this collaboration, while also leveraging the Carry Protocol advertising platform to drive Web3 adoption. (source link)

ChainCatcher news, the Bank of Korea will launch a public central bank digital currency (CBDC) pilot experiment next year.According to informed sources, "The Bank of Korea will publicly conduct a small-scale settlement-type CBDC experiment in July this year for financial institutions that participated in last year's CBDC simulation experiment. Based on this, a CBDC pilot will be conducted for the public next year." (source link)

ChainCatcher news, cryptocurrency exchange Bybit has invested 5.5 billion won (3.8 million USD) in T-Scientific, the third-largest shareholder of the South Korean crypto exchange Bithumb, in the form of convertible debt.It is reported that T-Scientific issued 16 billion won in convertible bonds at the end of last month, and Bybit's investment accounts for one-third of T-Scientific's total issuance, aiming to further expand into the South Korean blockchain market. (CoinDesk)