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Suspected North Korean Hackers Move Bitcoin Worth $140K From Forfeited Account
1.9.2020
Suspected North Korean hackers on Monday moved 12 bitcoin, worth about $140,000, from one of 280 accounts the U.S. Department of Justice (DoJ) has targeted for seizure. The funds have been wired into an anonymous wallet, according to Whale Alert, a bot that tracks notable crypto transactions....
Unstaffed South Korean Stores to Use Blockchain ID Authentication
1.9.2020
New unstaffed convenience stores in South Korea will make use of blockchain-powered ID solutions – after major domestic blockchain firm Coinplug sealed a deal with a retail operator HP Retail and security provider Cubox.
Per iNews24, the firms will make use of Coinplug’s MyKeepin platform, lauched...
South Korean Central Bank Turns to Private Sector for CBDC Help
31.8.2020
South Korea is a step closer to welcoming a central bank digital currency (CBDC), with design and implementation reviews complete – and private companies now set to get involved.
Per reports from Seoul Kyungjae and Chosun, the nation’s central bank, the Bank of Korea (BOK), now says it wants...
This South Korean film festival will be powered by blockchain technology
28.8.2020
The event will reward participants with token-based rewards
South Korean Court Sends Bogus Crypto Exchange Chiefs to Prison
27.8.2020
In what has been a torrid week for South Korean crypto exchanges, the CEO and the executive director of a legitimate-looking trading platform have been sent to jail for three and two years respectively – after a court found them guilty of duping investors with a bogus exchange.
A branch of...
Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades
27.8.2020
Police in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well...
US Democrats Want Info on Confiscated Crypto, Bakkt's Record + More News
26.8.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
US congressmen Josh Gottheimer and Emanuel Cleaver, both from the Democratic party, have requested the Trump administration...
Major Korean crypto exchange seized after 99% trading volume allegedly faked
26.8.2020
Police claim that wash trading and market manipulation by the owner and management team of the Coinbit exchange netted over 100 billion won
Industry ‘Under Threat’ as South Korean Police Raid Crypto Exchange
26.8.2020
Police in South Korea have raided the offices of Coinbit, a South Korean crypto exchange, under suspicion of widespread market manipulation.
The exchange was set up in 2018 by gaming firm Axia, and has risen to become one of the most promising of the chasing pack of exchanges behind market leaders...
South Korean Exchange Coinbit Seized Over Allegations of Fraud
26.8.2020
South Korea's third largest crypto exchange, has reportedly been seized by police over allegations it faked transaction volumes
North Korean Hacker Group Targeted Crypto Firm Using LinkedIn Ad: Cybersecurity Report
25.8.2020
According to a report by F-secure, a Finland-based cybersecurity company, hackers from the infamous Lazarus group targeted a crypto firm in an attack last year
This South Korean City is Spending Millions to Turn People Into Blockchain Experts
20.8.2020
Daegu is still in the race for blockchain dominance
US Says North Korea Has 6,000 Hackers: Many in Belarus, China, India, Malaysia, Russia
20.8.2020
North Korea allegedly has about 6,000 hackers, many of whom operate abroad, according to a recent report published by the U.S. Army. The infamous Lazarus Group, thought to be linked to a number of cryptocurrency exchange hacks, is among them. North Korea’s Bureau 121 The U.S. Army recently...
Korean Tourist Hotspot Mandates Use of COVID-19 Blockchain App
20.8.2020
South Korean tourist island tries to stay open and safe with blockchain technology
Experts: North Korean ‘Tech Has Scaled Up’ After US Makes Hack Claims
19.8.2020
North Korea’s “fast-developing tech abilities” could be helping it scale up its raids on financial sector targets like international crypto exchanges, say South Korean observers. Experts have spoken out after a report from the American armed forces concluded that several thousands of North Korean...
South Korean Banks to Launch Crypto Services ‘Before Year Is Out’
17.8.2020
Multiple South Korean banks could launch crypto custody services by the end of 2020 of March next year “at the latest,” after a “significant change in tone” has led the banking sector to move toward crypto business with alacrity.
Per a report from the Electronic Times, crypto custody is now a...
4 of South Korea’s Largest Banks to Provide Cryptocurrency Services
16.8.2020
Four of the top five South Korean banks have reportedly announced their plans to provide cryptocurrency services. The announcements came ahead of the crypto regulation that will soon go into effect in South Korea. Largest Korean Banks Entering Crypto Space South Korea’s largest banks have...
Major South Korean Chat App Bets Big on NFT-Based Stock Trading
15.8.2020
The race for blockchain adoption is on in South Korea
Four of the Top Five South Korean Banks to Offer Crypto Services
14.8.2020
Two more South Korean banks are looking at crypto custody options
Two More Major South Korean Banks Keen on Crypto Custody
14.8.2020
Another two major commercial South Korean banks have expressed an interest in launching crypto custody services – but industry experts said they may be making their moves too late, and are lagging behind the American banks.
As previously reported, two other commercial banks – Nonghyup and Kookmin...