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Today in Crypto: ‘If Government Bans Drugs, It Should Ban Crypto’, SVB Financial Group Files for Bankruptcy, BlockSec Stops Hacker from Stealing ETH 2,900
17.3.2023
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: ‘If Government Bans Drugs, It Should Ban Crypto’, SVB Financial Group Files for Bankruptcy, BlockSec Stops...
South Korean Crypto Exchanges Set to Renew Banking Deals
17.3.2023
South Korea’s leading crypto exchanges are ready to renew their banking deals – in a sign that relations between the “big four” trading platforms and the traditional financial sector remain strong.
Per Business Post, Bithumb is close to sealing an agreement with NongHyup Bank (NH Bank)....
Court Dismisses Former Monero Developer’s Bid to Have His Extradition to South Africa Declared Illegal
16.3.2023
The Supreme Court of Appeal (SCA) in South Africa has rejected former Monero lead maintainer Riccardo Spagni’s bid to have it declare his extradition from the United States to South Africa illegal. In its ruling, the Supreme Court of Appeal insisted that Spagni did not sufficiently argue...
Seoul: Sanctions May Be Ineffective Against North Korea’s Crypto Hacks
14.3.2023
North Korea’s crypto hacking campaign may be impervious to international sanctions, a South Korean government official has claimed.
According to the media outlet Yonhap TV News, an unnamed Seoul-based government official stated:
“The scale of North Korea’s cybercrime-related activities suggests...
SD Governor Urges 20 States to Block Legislation That Bans Crypto’s Use as Money — Says ‘Its a Threat to Our Freedom’
14.3.2023
South Dakota Governor Kristi Noem has vetoed a bill that bans the use of cryptocurrencies, including bitcoin, as money. The bill, masquerading as a Universal Commercial Code (UCC) guidelines update, also paves the way for central bank digital currencies (CBDCs). Emphasizing that this bill...
FBI, NY authorities probes collapse of TerraUSD stablecoin: Report
14.3.2023
The controversial founder of Terraform Labs, Do Kwon is at the center of the investigation, despite believed to be hiding out in Serbia
South Korea launches Metaverse Fund to expedite domestic initiatives
12.3.2023
With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem
South African Rand Plunges to New 2023 Low Versus the US Dollar
12.3.2023
Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Africa’s power shortages as well as the country’s recent grey-listing by the Financial...
South Korea Doubles Down on Metaverse, Announces $51 Million Investment in Related Projects
11.3.2023
The Ministry of Science and ICT of South Korea has approved investments of $51 million in various metaverse projects, doubling down on its metaverse bet for the future. The investment includes a fund for supporting the growth of metaverse companies and another special investment to build several...
South Dakota gov vetoes bill excluding crypto from definition of 'money'
10.3.2023
The bill, criticized by many conservatives, proposed amending the state’s Uniform Commercial Code to specifically exclude digital assets — with the possible exception of CBDCs
S Korean Regulator Launches Crypto Trading Platform Probe – Which Exchanges Are Involved?
10.3.2023
South Korea’s top financial regulator, the Financial Services Commission (FSC), has begun a “comprehensive inspection” of the nation’s crypto exchanges.
Per Decenter, Financial Services Commission (FSC) specifically wants to probe the 20 trading platforms that do not have licenses to trade fiat...
South Korean Police Arrest Girl Aged 14 for Buying Crystal Meth with Crypto
8.3.2023
A 14-year-old South Korean girl has been arrested on suspicion of using cryptoassets to buy methamphetamine (crystal meth).
Per Dong-a Ilbo, the girl is a third-grade middle school student who lives the in Dongdaemun District of Central Seoul. Police say she was found “collapsed” on a stairwell...
South Korean Police Form New Crypto Scam-fighting Cybercrime Taskforce
7.3.2023
South Korean police have announced that they will launch a new crypto scam-busting cybercrime taskforce.
KBS reported that police say that one of the new taskforce’s “three main tasks” will be dismantling and fighting crypto scams. Crypto-related fraud is on the rise in South Korea, with several...
South Korea saw over $4B in unregistered crypto transactions in 2022
7.3.2023
The money was aimed primarily at buying foreign crypto assets with the intention of selling them on the domestic market
45% of S Korean Crypto Users Predict a Bitcoin Price Rise This Week
6.3.2023
Almost half of South Korean crypto holders think Bitcoin (BTC) prices will rise this week, a survey has found.
The survey was conducted by the researcher Pharos Labs (Kratos) and the crypto market information provider Coinness – and reported by the media outlet CoinReaders. The firms said they...
Nigerian Crypto Leverage Searches Second-Highest Globally — Africa Dominates Searches for Leveraged Trading Products
5.3.2023
According to an analysis of Google searches by Leverage Trading, Nigeria is the “second-highest country in the world for searches related to crypto leverage.” Along with South Africa and Ghana, the West African nation also dominates searches for the term “trade crypto.”...
Warneři zažalovali Paramount kvůli právům na seriál South Park
4.3.2023
Animovaný seriál South Park se stal předmětem soudního sporu dvou provozovatelů streamovacích aplikací. Warner Bros. Discovery požaduje stovky milionů dolarů od společnosti Paramount za porušení smlouvy o digitální distribuci seriálu
Proposed South Dakota amendment to UCC would prohibit cryptocurrencies, but not CBDC
2.3.2023
The bill authored by a Republican state legislator would prevent the use of cryptocurrency as a medium of exchange after July 1, 2024
Zimbabwean Blockchain Startups Launch Service to Help Migrants Efficiently Move Funds Across Borders
1.3.2023
Two Zimbabwean startups, Flexid and Uhuru Wallet, recently launched a platform that offers digital identity and remittance services to migrants living and working in South Africa. The two startups hailed what they’ve described as the “first cross-chain collaboration between the...
Upbit Operator Denies it Wants to Buy a Securities Firm
28.2.2023
Dunamu, the operator of Upbit, South Korea’s biggest crypto exchange, has denied it is poised to buy a securities company – and says it is instead eyeing non-fungible token (NFT) expansion.
The operator has recently been linked with a takeover move for an unnamed domestic securities provider....