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Montenegrin court delays Do Kwon’s extradition to South Korea
8.8.2024
The Terraform Labs co-founder has been in Montenegro since his arrest in 2023, potentially facing extradition to either his native South Korea or the United States
Bitcoin Premium Climbs to 6% in South Korea Amid Market Turbulence
7.8.2024
On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $57,027 per coin, representing a 4.23% premium. According to data...
Market Mayhem: Bitcoin Crashes Below $59K, $223M in Liquidations as South Korea’s Premium Spikes
4.8.2024
The price of bitcoin (BTC) fell below the $59,000 threshold on Sunday, hitting a low of $58,080 per unit. Over the past 24 hours, bitcoin’s value has decreased by 3.5% against the U.S. dollar, and it has dropped 13% over the week. Bitcoin Slides Below $59K At 1:24 p.m. EDT on Sunday, bitcoin...
The Olympics’ Shooting Category Keeps Producing Incredible Main Characters
2.8.2024
The Olympics seem unbelievably cool this year. Everywhere you look, there’s another great narrative being spun from the Games, such as Simone Biles and the U.S gymnastics team’s very funny beef with a former team member who tried (and failed) to talk shit about them before they took gold....
Montenegrin Court Upholds Extradition of Terraform Labs Co-Founder Do Kwon to South Korea
2.8.2024
In a significant legal development, a Montenegrin appeals court has upheld the decision to extradite Do Kwon, co-founder of Terraform Labs, to South Korea. Kwon, who has been in custody in Montenegro since March 2023 for attempting to travel with a fake passport, faces criminal charges in South...
Montenegro Court Extradites Do Kwon to South Korea, not US
1.8.2024
Reports show that the Montenegrin appeals court has upheld a ruling by a lower court to hand over Do Kwon to South Korea. The South Korean mogul, often known as “the cryptocurrency king,” will serve time in his native country, not the United States. Do Kwon extradited to his native South Korea...
Montenegro Appellate Court upholds Do Kwon extradition to South Korea
1.8.2024
Since 2023, the decision to send the Terraform co-founder to South Korea or the United States has been contested in Montenegrin courts
Montenegro to Extradite Do Kwon to South Korea, Rejecting U.S. Request
1.8.2024
Terraform Labs co-founder and fraudster Do Kwon is once again set to be extradited from Montenegro to his native South Korea, after a ruling from the Balkan nation’s court of appeals Thursday
Olympics Sharpshooter Looks Like A Cool Video Game Character And People Are Obssessed
30.7.2024
The 2024 Paris Olympics are in full swing right now and they’re already generating some real heat. Just the other day, some fencer was jumping in his opponent’s face like he was in a fighting game, and now there’s a sharpshooter that could very well be the next agent added to Valorant. It’s a wild...
WazirX Co-Founder Nischal Shetty Says All Options Are on the Table for Fund Recovery
30.7.2024
Indian cryptocurrency exchange WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges "are going to be crucial," as it remains open to "everything that is possible to help solve this situation."
FBI Seizes Cryptocurrency Linked to North Korean Ransomware
27.7.2024
A grand jury in Kansas City indicted North Korean national Rim Jong Hyok for his role in a conspiracy involving ransomware attacks on U.S. hospitals and healthcare providers. The group laundered cryptocurrency proceeds and used the funds for further cyber intrusions into global defense, technology...
Korea Blockchain Week 2024 Names Movement Labs the Official Conference Partner, Unveils New Headline Speakers and Sponsors
24.7.2024
PRESS RELEASE. SEOUL, KOREA — 24 July 2024 — Korea Blockchain Week (“KBW”), Asia’s premier Web3 festival taking place from 1-7 September 2024, announced Movement Labs as the official conference partner for its flagship two-day “IMPACT” conference. It also revealed a glimpse of the conference’s...
Ethereum Market Stagnation Marks Tepid Trading Day Despite ETF Launch
23.7.2024
Ethereum’s price exhibited volatility on Tuesday, coinciding with the launch of U.S. spot ether exchange-traded funds (ETFs) on Wall Street. At around 5 a.m. EDT, ETH surged to an intraday high of $3,540 per coin but later dropped to approximately $3,406 by 12:55 p.m. in the afternoon....
South Korea’s FSC Nominee Says Past Crypto Chaos Calls for Strong Investor Protection
23.7.2024
Kim Byoung-hwan, the nominee for head of South Korea’s top financial regulator, the Financial Services Commission (FSC), expressed caution about corporations holding bank accounts for cryptocurrency transactions. Speaking at a parliamentary session on Monday, Kim, a former vice finance...
New Virtual Asset Protection Act Takes Effect in South Korea
22.7.2024
South Korea’s Act on the Protection of Virtual Asset Users went into effect on July 19, 2024, aiming to protect users and ensure market stability. Initially revised in 2021 to mandate virtual asset service providers (VASPs) to register and adhere to anti-money laundering regulations,...
South Korea's strict laws on crypto exchanges come into force
20.7.2024
The new regulations issued by South Korea’s watchdog to protect user assets on crypto exchanges went into effect on July 19
Ripple Settlement Hopes Pushed XRP Volumes Above Bitcoin on S. Korean Exchanges This Week
19.7.2024
XRP accounted for almost 40% of all trading activity on top South Korean exchanges from Tuesday to Thursday. Prices surged
Indian Crypto Exchange Wazirx Suspends Withdrawals Amid $230M Security Breach
18.7.2024
Indian crypto exchange Wazirx has announced a security breach affecting one of its multisig wallets, resulting in the theft of over $230 million. Cryptocurrency and INR withdrawals have been halted as the team investigates the incident, with blockchain investigators Zachxbt and Mudit Gupta offering...
South Korea Considers Deferring Crypto Taxation Until 2028
17.7.2024
The ruling party of South Korea is, once again, considering the postponement of the enactment of crypto-specific taxes, as this could influence public opinion towards the government. The party aims to implement these taxation rules by 2028, citing a lack of necessary regulations and institutional...
Cambodian Firm Receives $150K in Crypto From North Korean Hackers
16.7.2024
A major payments firm in Cambodia, Huione Pay, received over $150,000 in cryptocurrency from a digital wallet used by the North Korean hacking group Lazarus, according to blockchain data reviewed by Reuters. The crypto was sent to Huione Pay between June 2023 and February 2024 from a wallet linked...