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Major South Korean crypto exchanges delist Litecoin
8.6.2022
Crypto regulations in South Korea require exchanges to enforce strict KYC and AML guidelines and major crypto exchanges have delisted privacy coins in the past as well
Solana Ventures sets up $100M fund for GameFi and DeFi in South Korea
8.6.2022
The new fund is intended to support the growth of NFT, gaming, and DeFi projects on Solana and to help keep former Terra developers on their feet following Terra’s fall
Law Decoded, May 30–June 6: Terra’s aftermath in China, Japan and South Korea
7.6.2022
Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region
Report: South Korea to Recruit Companies for Metaverse Content Creation Project
7.6.2022
The South Korean science and ICT ministry has said it will recruit companies that will participate in its 2022 Metaverse Content Creation Project. A director in the ministry said the project is being promoted as part of the country’s industry-leading metaverse strategy. Building Trust in...
South Korea ramps up crypto investigations and regulations
4.6.2022
South Korea announced Digital Assets Committee, launched an investigation and met with Asia-Pacific financial authorities
Hacker Used ‘Social Media Data Leak’ to Steal USD 660K in Crypto from 90 Victims - Police
4.6.2022
Police in Seoul, South Korea, have arrested and charged a 30-year-old man after officers reportedly found evidence that he may have stolen some USD 660,000 worth of crypto using data he harvested from a popular social media network....
Read More: Hacker Used ‘Social Media Data Leak’ to Steal...
New Crypto Lawsuits, Pan-Asian Crypto Regulations, Hiring Pause + More News
3.6.2022
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: New Crypto Lawsuits, Pan-Asian Crypto Regulations, Hiring Pause + More News
Big Wallets Exited Anchor/UST While Smaller Fish Continued to Invest - Jump Crypto
3.6.2022
A number of bigger Terra (LUNA) ecosystem investors abandoned their positions as the terraUSD (UST) peg began to slip away last month – with smaller-scale investors continuing to buy as the coin’s price plummeted, according to the trading firm Jump Trading Group’s crypto arm Jump...
South Korean government becomes an early investor in metaverse
2.6.2022
South Korea’s rising interest in nascent tech could prompt other nations to take up the idea of metaverse more seriously
In wake of Terra collapse, South Korea plans new crypto oversight committee: Report
31.5.2022
The infamous collapse of Terra may have hastened the creation of a supervision and control entity for virtual assets, which is set to launch in early June
South Korea to Invest $177 Million Directly in Metaverse Platforms
31.5.2022
The government of South Korea has announced it will start investing in metaverse projects directly. More than $177 million dollars will be invested to kickstart national jobs and companies in this field, according to statements made by Lim Hyesook, minister of science and information...
Mystery South Korean Company that ‘Worked on Terra Network’ Faces Media Scrutiny
31.5.2022
South Korean media outlets say they have unearthed evidence that a blockchain firm based in Seoul has a close relationship with Terraform Labs – and may have been developing for the Terra network under the radar. But the plot may already have thickened – with allegations that the National...
Terra Development Team Reveals Some Users ‘Received Less LUNA From the Airdrop Than Expected’
31.5.2022
The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic (USTC) holders. However, on Tuesday the Terra development team revealed that some Terra token owners...
South Korea to Launch a Crypto Regulatory Agency in Wake of LUNA Crash
31.5.2022
The South Korean government will step up the launch of a new regulatory body to police the crypto sector – and could fast-track its creation as a direct response to what it has dubbed the “terra (LUNA) incident.”
In an exclusive article, Newspim reported that the body, to be named the Digital...
While the New LUNA Records Gains, Do Kwon’s Terraform Labs Is Plagued by Controversy and Accusations
30.5.2022
It’s been two days since the Terra development team launched the new Phoenix-1 blockchain with the network’s native token LUNA. While the token dropped significantly in value during the first day of trading, the new LUNA has jumped 8.8% in value during the last 24 hours. Amid...
South Korean Crypto Exchanges Form Joint Response Council to Avoid Repeat of LUNA ‘Incident’
30.5.2022
South Korea’s five biggest crypto exchanges have vowed to create a “joint response council” to avoid a repeat of what the media and politicians in the country have labeled the “terra (LUNA) incident.”...
Read More: South Korean Crypto Exchanges Form Joint Response Council to Avoid Repeat of LUNA...
South Korean authorities reportedly probe staff behind Terra
30.5.2022
South Korean authorities are reportedly looking at the Terra crash to check for signs of intentional price manipulation and other issues
Korean Government Considers Imposing Unified Listing Standard on Crypto Exchanges After LUNA, UST Collapse
28.5.2022
The South Korean government is considering imposing tougher regulations, including a unified listing standard, on all cryptocurrency exchanges in the country following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). Korean Government’s Meeting With Cryptocurrency...
Police Reportedly Looking into Allegations that a Terraform Staffer ‘Embezzled’ Funds
27.5.2022
South Korean police could reportedly take over from the “Yeouido Grim Reaper” financial crimes investigation unit in the probe of Terraform Labs after “embezzlement” charges were leveled at an unnamed employee....
Read More: Police Reportedly Looking into Allegations that a Terraform Staffer...
Why Is South Korea Throwing Money at the Metaverse?
25.5.2022
South Korea has emerged as a global technology powerhouse in recent decades, giving rise to industry giants like Samsung, LG and Hyundai. If the country’s government gets its way, a metaverse company could be the next big thing to ride the Korean wave