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Researchers: Trust Will Return to Crypto Markets in 2023 – For These Reasons
28.12.2022
Researchers at the South Korean crypto exchange Bithumb have predicted that trust will return to crypto markets next year – and have outlined three key reasons shaping their thinking.
The exchange is one of the two biggest in the nation, and operates a dedicated analysis and research department...
Executives from $1.5B South Korean crypto exchange fraud jailed
28.12.2022
The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO, known as Mr. Lee was previously sentenced to a 22 year prison term
Top South Korean Scam Crypto Exchange Exec Given 8-year Jail Sentence
27.12.2022
The top executive at a South Korean scam crypto exchange that duped over 50,000 investors out of a combined $1.7 billion will serve an eight-year jail sentence after a court found him guilty of fraud.
Kyeongin Ilbo and Economist.co.kr reported that the Criminal Division of the Suwon District Court...
New Report: North Korea has Stolen In Excess of $1 Billion Worth of Crypto Assets
24.12.2022
Hackers sponsored by the North Korean government have stolen over $1 billion worth of digital assets since 2017.
South Korea’s main spy agency, the National Intelligence Service, has revealed that North Korean hackers have stolen an estimated 1.5 trillion won ($1.2 billion) in crypto assets over...
Today in Crypto: Prepare for 'Pretty Long Crypto Winter', North Korea Stole $1.2B in Crypto in 5 Years, Malicious Hackers Returned $32.7M in 2022
22.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Prepare for 'Pretty Long Crypto Winter', North Korea Stole $1.2B in Crypto in 5 Years, Malicious Hackers...
Crypto-trading South Korean Soldier ‘Sold Fake Concert Tickets to Fuel Spending’
22.12.2022
South Korean police have charged a man in his twenties with embezzlement and fraud – claiming that, during his military service, he fueled his crypto trading habits by selling bogus concert tickets online.
The man, aged 22 but unnamed for legal reasons, was arrested at the Heungdeok Police Station...
Today in Crypto: OKX Chain Launches Liquid Staking, South Korea Freezes $93.4M in Terra-related Assets, Central African Republic to List Sango in 2023
20.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: OKX Chain Launches Liquid Staking, South Korea Freezes $93.4M in Terra-related Assets, Central African...
South Korean Tax Officials Have Seized Crypto from 5,741 People
20.12.2022
South Korean tax authorities have seized crypto from 5,741 citizens since 2020. Tax officials say the citizens in question were guilty of tax evasion or defaulting on tax bills.
KBS reported that data was released by the National Tax Service (NTS), following a freedom of information request from...
South Korean court freezes $92M in assets related to Terra tokens
20.12.2022
The CEO of Terraform Labs’ affiliate firm Kernel Labs reportedly held the largest amount in illegal proceeds from Terra
Nifty News: Building bridges in the Metaverse, elaborate Apes scam and more
19.12.2022
A South Korean province is using the Metaverse for closer economic ties with Vietnam and an elaborate phishing scam netted 14 Bored Apes
This City Wants to Launch a Crypto Exchange by the End of 2023 – Here’s How
14.12.2022
Busan, South Korea, has revealed details of its plan to become the first city in the world to launch and operate a crypto exchange. The city says it hopes to welcome its first crypto-trading customers by the end of 2023.
The city was granted a special status – a regulation-free blockchain zone...
S Korean Prosecutors Say Do Kwon Is in Serbia, Terra Luna Classic Takes a Tumble
12.12.2022
South Korean prosecutors have claimed Do Kwon is “in hiding” in Serbia – and have asked the European nation’s police force to hand him over to them. Meanwhile, it has been a rocky past few hours for Terra Luna Classic (LUNC) – the token launched by Kwon and his firm Terraform Labs....
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Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians
12.12.2022
Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes after the spectacular crash of FTX, one of the largest such platforms, amid tightening regulations and fewer...
Terra co-founder Do Kwon hiding out in Serbia, says authorities
12.12.2022
South Korean authorities have requested cooperation from the Serbian government in order to bring Kwon back to face charges in South Korea
Regulators in Japan, South Korea Want to Police Stablecoins
9.12.2022
The top Japanese financial regulator has stated that it intends to police “algorithmic stablecoins.” And the South Korean central bank also wants the power to regulate fiat-pegged tokens....
Read More: Regulators in Japan, South Korea Want to Police Stablecoins
Inside South Korea’s wild plan to dominate the metaverse
8.12.2022
South Korean Gaming Giant WeMade Loses Legal Struggle Against WEMIX Delisting
8.12.2022
The South Korean gaming firm WeMade has lost its legal battle against the nation’s biggest crypto exchanges – who have decided to delist its wemix coin (WEMIX).
WEMIX was issued with an “investment warning” in October by the Digital Asset Exchange Association (DAXA). The DAXA is a group that...
South Korea’s Central Bank Wants to Oversee Stablecoins
7.12.2022
The country joins other jurisdictions in proposing standards for stablecoin issuance
Web3 Blockchain Gaming Project Oasys Closes Strategic Funding Round With Participation of Galaxy Interactive and Nexon
6.12.2022
Oasys, a Gamefi-oriented Web3 blockchain project, has announced it has closed a strategic funding round led by Galaxy Interactive, a VC firm, and Nexon, a gaming company. The round, whose numbers were not disclosed, will allow the company to enhance its ecosystem by expanding its pool of partners...
These Researchers Say Crypto Markets Will Grow to $1.5trn in 2023 – And Here’s Why
6.12.2022
South Korean experts have predicted that the crypto market’s capitalization will rise from around $800 billion to some $1.5 trillion next year. And they claim that “stabilizing” inflation figures “during the first half of next year” will whet investors’ appetites for Bitcoin (BTC) and other tokens....