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South Korean Academic: We Must Block North from Hacking Crypto
9.11.2022
A South Korean academic has claimed that Seoul must take steps to stop Pyongyang from hacking crypto targets south of the demilitarized zone – as tensions escalate between North Korea and its southern neighbor.
Reports from both South Korea and Japan have repeatedly stated that Pyongyang-based...
US Revamps Sanctions on Tornado Cash in Bid to Turn Screw on North Korea
9.11.2022
The American government has refined its sanctions on the ethereum (ETH) mixing service Tornado Cash – in a fresh round of measures aimed at targeting North Korea....
Read More: US Revamps Sanctions on Tornado Cash in Bid to Turn Screw on North Korea
US Treasury redesignates Tornado Cash sanctions, citing North Korea nuclear weapons program
8.11.2022
The redesignation of the crypto mixer essentially replaces the U.S. Treasury’s actions from August, establishing sanctions for its role in “enabling malicious cyber activities."
LG ‘Ready to Make NFT Push’ as it Seeks Blockchain-savvy CTOs
8.11.2022
LG Electronics has announced it wants to hire two new Chief Technical Officers (CTOs) to lead its Web3 and blockchain technology operations – just months after registering a trademark for a crypto wallet. Digital Today reported that it was highly “likely” that the new hires would be tasked with...
Nifty News: Royalty-enforcing NFTs a 'new asset class,' South Korea buys NFTs with CBDC, and more
8.11.2022
The CEO of NFT marketplace Magic Eden said NFT creators “need a sustained revenue model” and with “no way” of currently enforcing royalties a “new asset class” could emerge to enforce them
Bank of Korea Tested NFT Trading, Remittances With CBDC: Report
7.11.2022
The central bank has completed a 10-month-long experiment of a digital South Korean won
S Korea Claims Cross-border CBDC Success, Chinese Bank Chief Says e-CNY Will Boost Trade
7.11.2022
East Asia could become the central bank digital currency world’s center of gravity – with major cross-border functionality advances on the cards in China and South Korea.
In South Korea, the central Bank of Korea (BOK) has claimed that its “second phase” of pilots has now been “successfully...
Crypto Fraudsters Bait Victims with Promises of Free ETH and Rolex Watches
7.11.2022
The ringleaders of a South Korean crypto fraud ring that sucked victims in with promises of Rolex watches and etheruem (ETH) giveaways have been sentenced to jail.
Money Today reported that three individuals were sentenced at a branch of the Seoul Central District Court’s Criminal Division...
Microsoft Backs Wemade’s Blockchain Push in $46 Million Investment Round
5.11.2022
Software giant Microsoft has made a $14.8 million investment in Wemade, a Korea-based blockchain gaming services company that has recently launched its own stablecoin, named Wemix. The company was part of a $46 million investment round, that also saw the participation of two more companies: Shinhan...
Report: South Korean Prosecutors Accuse Do Kwon of Manipulating LUNA’s Market Price
3.11.2022
On Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have allegedly discovered evidence that shows Do Kwon and an associate manipulated the price of LUNA, Terra’s native crypto token. The report further says South Korean prosecutors believe Kwon is hiding...
‘No Possibility’ that Wemix Will Be Delisted in S Korea, Says Gaming Giant WeMade
3.11.2022
The South Korean gaming giant WeMade has claimed there is “no chance” its wemix token will be delisted by the nation’s leading crypto exchanges – despite the fact that it has been placed on a watchlist....
Read More: ‘No Possibility’ that Wemix Will Be Delisted in S Korea, Says Gaming Giant WeMade
Crypto News Summary: Visa Masters of Movement FIFA NFT Auction, El Salvador Development Bank Won't Provide BTC Purchase Info, Coinbase Supports Ripple Against SEC
1.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Crypto News Summary: Visa Masters of Movement FIFA NFT Auction, El Salvador Development Bank Won't Provide BTC Purchase...
South Korean regulators aim to toughen crypto fraud punishments
1.11.2022
The legislation, separate from the upcoming Digital Asset Basic Act, may came into force already in 2023
S Korean Police Shut Down $472,000 Group Chat-based Crypto Fraudsters
1.11.2022
South Korean police say they have arrested the ringleaders of a $472,000 crypto fraud gang that made use of the group chat function on a social media app to lure in unsuspecting victims.
MBN Money reported that the Incheon Metropolitan Police Agency explained that it had arrested three men...
Stablecoins have a new name in Great Britain: Law Decoded, Oct. 24–31
31.10.2022
From El Salvador and Lugano’s collaboration to yet another lawsuit against Do Kwon, this is what the last week in regulation looked like
S Korean Prosecutors Arrest Exec Suspected of Destroying Evidence at Bithumb ‘Affiliate’
31.10.2022
South Korean law enforcers have arrested an executive at one of the crypto exchange Bithumb’s affiliate companies. The executive was charged with destroying evidence prior to an onsite probe earlier this month.
The development comes as MPs and prosecutors attempt to unravel the mysteries...
Metaverse Project WeMade Put on 'Caution' List in South Korea After Releasing Inaccurate Token Data
31.10.2022
WeMade said it accidentally excluded the issuance of tokens meant to supply liquidity to its mainnet and increase user participation
LD Capital Founder Jack Yi Gave a Keynote Address at BWB 2022 in South Korea: Opening of a New Era of Web3
29.10.2022
PRESS RELEASE. LD Capital was established in 2016. Its main business involves direct investment and trading. It has established LD Capital X Ecological Fund, Web3 Alliance Incubation Accelerator, and Hero Group Secondary Hedging Asset Management. In the future, LD Capital’s investment in...
South Korean Public Official ‘Used Bribes to Buy Crypto,’ Police Claim
28.10.2022
Yet another South Korean government worker appears to have used ill-gotten gains to fund their crypto cravings: After reports that a public official fled abroad with $2.8 million worth of stolen public funds that has been converted to crypto, it has emerged that another former official may have...
S Korean Gov’t Worker ‘Embezzled Public Funds and Escaped with $2.8m in Crypto’
27.10.2022
A missing South Korean government worker is thought to be on the run with $2.8 million worth of public funds stolen from the country’s National Health Insurance Service (NHIS) – and the suspect appears to have converted most or all of the money to crypto....
Read More: S Korean Gov’t Worker...