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Binance re-enters South Korea with GOPAX exchange
3.2.2023
With new capital, Binance plans to enable customer withdrawals and interest payments for Gopax’s yield product GoFi
Binance Re-Enters South Korea by Buying Majority Stake in Crypto Exchange GOPAX: Bloomberg
3.2.2023
The acquisition sees Binance re-enter the South Korean market, having closed its affiliate there in December 2020 due to low usage
Huawei NFTs, Toyota’s hackathon, North Korea vs. Blockchain: Asia Express
2.2.2023
Our weekly roundup of news from East Asia curates the industry’s most important developments. Huawei moves to trademark its NFTs According to a Jan. 28 report by Sina News, Chinese telecom giant Huawei has recently filed for eight trademarks related to its Huawei “YunYunBao” nonfungible tokens...
First Mover Americas: Binance Returns to South Korea Via GOPAX
2.2.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 3, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bithumb owner arrested in South Korea over alleged embezzlement
2.2.2023
The net is closing in on Bithumb executives as the suspected real owner of the exchange is arrested
S Korean Crackdown Has Not Dampened Youth’s Thirst for Bitcoin-powered Drug Dealing
1.2.2023
Crypto-powered drug trading is still booming in South Korea – and a recent police crackdown on online bitcoin (BTC) and altcoin drug deals has done little to dampen the demand for web-traded narcotics.
Per Kuki News, Twitter and Telegram are still rife with posts from South Korean drug dealers...
South Korean Regulators Set to Carry out ‘Regular’ Crypto Firm Probes
31.1.2023
South Korean financial regulators will start conducting “regular” on-site inspections at domestic crypto firms this year. And they say they will investigate not only exchanges, but also wallet operators and crypto custody-related firms.
The announcement was made by the top financial regulator,...
S Korean Police Probe Possible $8m Crypto Scam Targeting Investors Who’d Suffered Losses
31.1.2023
South Korean police are probing a possible $8m crypto scam – after a group of 40 alleged victims complained they were tricked into buying a potentially worthless or non-existent cryptoasset....
Read More: S Korean Police Probe Possible $8m Crypto Scam Targeting Investors Who’d Suffered Losses
Korean Government to Adopt Cryptocurrency Tracking System Within 5 Months
31.1.2023
The South Korean government will adopt a cryptocurrency tracking system within the first half of this year, the country’s Ministry of Justice reportedly announced. The tracking system will be used to monitor and analyze crypto transactions, particularly to uncover the sources of illegal...
Arizona senator doubles down on crypto amid the winter of discontent: Law Decoded, Jan. 23-30
30.1.2023
Even though this winter continues to stress test the case for Bitcoin advocation, some lawmakers strive to put their names on the crypto hot list
Today in Crypto: Bitcoin Mining Difficulty Hits New ATH, Gemini Reportedly Investigated by NYDFS, South Korea Plans to Create a Crypto Tracking System
30.1.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Bitcoin Mining Difficulty Hits New ATH, Gemini Reportedly Investigated by NYDFS, South Korea Plans...
S Korean Ministry, Local Law Firm & Samsung Affiliate Included on FTX Creditor List
30.1.2023
Several South Korean firms – and a major government organ – were named on the crypto exchange FTX’s long list of creditors.
The list includes the nation’s biggest law firm, a Samsung subsidiary, and the Ministry of the Environment, Seoul Shinmun reported....
Read More: S Korean Ministry, Local...
North Korean Hackers Launder Staggering $27 Million in Ethereum from Recent Harmony Bridge Attack: Here's What You Need to Know
30.1.2023
In the aftermath of last year’s attack against the cross-chain bridge provider Harmony, North Korean hackers, who are widely blamed for the incident, are believed to have just finished laundering some ETH 17,278, worth more than $27 million, according to industry observers. ...
Read More: North...
South Korea to Start Tracking Crypto Transactions in Bid to Crack Down on Money Laundering
30.1.2023
The country will start off using a third-party system while it develops its own software
White House: North Korean Funded Missile Program with $1bn Crypto Hack Haul
30.1.2023
The White House says that crypto industry “security vulnerabilities” allowed North Korean hackers to “steal more than $1 billion” in the past two years. And the US says Pyongyang has used the funds to support its missile program....
Read More: White House: North Korean Funded Missile Program with...
North Korean hackers launder $27M ETH from Harmony Bridge attack
29.1.2023
Three main addresses carried out transactions worth $27.18 million to six crypto exchanges
South Korea to deploy cryptocurrency tracking system in 2023
29.1.2023
The ‘Virtual Currency Tracking System’ will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance
North Korean Hackers ‘Trying to Bait Crypto Users With Bogus Job Offers’
27.1.2023
North Korean hackers are trying to break into crypto accounts by sending bogus job offers, a security provider has claimed.
The claims were made in a post by Proofpoint, a California-based security provider, and reported by the South Korean media outlets KBS and TVChosun....
Read More: North...
Call Of Duty Warzone Players Caught Off Guard By DMZ Progress Wipe
26.1.2023
Warzone 2.0’s DMZ extraction mode has been one of the most popular parts of the battle royale sequel, but a controversial upcoming change has some players wondering if they’ll stick around. Infinity Ward recently revealed that player progress will be wiped when Season 2 goes live next month...
South Korean Lawmakers Are Gearing Up to Regulate Crypto. What Could That Look Like?
26.1.2023
The 300 members of South Korea’s National Assembly are currently considering 17 separate crypto-related proposals, from which they hope to shape the Digital Asset Basic Act