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Ethereum Developer Virgil Griffith Sentenced to 5+ Years in US Prison for Violating North Korean Sanctions
13.4.2022
An Ethereum developer, Virgil Griffith, has been sentenced to five years and three months in U.S. prison after he pleaded guilty to a charge brought on by speaking at a crypto conference in North Korea. According to the U.S. Department of Justice (DOJ), his presentation provided the Kim Jong...
‘Let’s Create a Crypto Ministry,’ Industry Urges South Korean President-Elect
13.4.2022
A summit of South Korean lawmakers, industry chiefs, and leading academics has called for the country’s President-Elect Yoon Suk-yeol to create a minister – or a ministry-level agency – for the crypto sector....
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The FBI’s takedown of Virgil Griffith for breaking sanctions, firsthand
12.4.2022
Former Ethereum Developer Virgil Griffith Sentenced to 5+ Years in Prison for North Korea Trip
12.4.2022
Former Ethereum developer Virgil Griffith will serve TK YEARS in prison for helping North Koreans use cryptocurrencies to evade sanctions
South Korean Bank Shinhan Launches Nation’s First Corporate Crypto-Fiat Account
9.4.2022
The South Korean commercial banking giant Shinhan has become the first bank in the nation to offer crypto account services to a corporate client.
ZDNet Korea reported that on April 7, the bank created a corporate fiat KRW account exclusively for cryptoasset transactions to the crypto exchange...
South Korean Intelligence Service Informs Crypto Exchanges About Cyberthreats
8.4.2022
The South Korean state intelligence agency is now providing crypto trading platforms with information about attempts to breach their cybersecurity. The help for the country’s digital asset exchanges comes amid growing threats, local media reported. Intelligence Service Offers Cybersecurity...
First Mover Asia: South Korea's 'Kimchi Premium' Evaporates; Major Cryptos Tumble on Fed Minutes, Continued Global Uncertainty
7.4.2022
The gap between bitcoin prices on Korean crypto exchanges compared to global counterparts has declined from 20% to about 3% over the past year; bitcoin and ether tumble
Two Major Banks Roll out Blockchain-powered ID Solution for Military Servicepeople
5.4.2022
Two of South Korea’s largest banks are set to launch a blockchain-powered digital certificate platform for military personnel – which will allow soldiers to use smartphone-based ID solutions to open savings accounts without having to set foot in a brick-and-mortar bank branch....
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Financial Heavyweight Woori to Launch B2B Crypto Wallet Management Platform
1.4.2022
South Korea’s Woori Fund Service – a part of the financial business group that also comprises the commercial bank heavyweight Woori Bank – will team up with the domestic crypto exchange GDAC to unveil a business-to-business (B2B) crypto wallet management solution.
Hanguk Kyungjae reported that...
First Mover Asia: Tailwinds for South Korea's Crypto Industry; Bitcoin, Ether Plunge
1.4.2022
The report earlier this week of SK Group's $1.6 billion investment over the next three years on semiconductors and blockchain follows a presidential campaign that made crypto-friendly policies an important issue; major altcoins also decline
Meet the Steel Company that Wants to Become an NFT Brokerage
31.3.2022
A publicly listed South Korean steel company has reiterated its intention to reposition itself as a crypto brokerage and NFT issuer....
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Why NFT adoption is so high in South Korea
29.3.2022
The far eastern nation may again soon be at the forefront of the blockchain industry as its people are adopting NFT use at a tremendous rate
S. Korea’s SK Square Will Spend $1.6B on Semiconductors, Blockchain
28.3.2022
The company has been jumping into the crypto space and last acquired a 35% stake in crypto exchange Korbit
TooNFT Looks to Revolutionise the Webtoon Industry via Next-Generation Blockchain Platform
27.3.2022
PRESS RELEASE. Given the rapid evolution associated with technological advancements and new developments regarding Web3 and dApps, TooNFT has decided to launch the decentralised webtoon platform in conjunction with Toomics, which happens to be one of the largest webtoon platforms in South Korea...
FATF Travel Rule Now Law in Sout Korea – But Crypto Exchanges Are Still Struggling with it
26.3.2022
The Financial Action Task Force (FATF)’s Travel Rule is now compulsory in South Korea – but critics have decried the nation’s lack of preparedness for the measure....
Read More: FATF Travel Rule Now Law in Sout Korea – But Crypto Exchanges Are Still Struggling with it
LG Electronics adds blockchain and crypto as new areas of business
25.3.2022
South Korean tech giant LG Electronics has officially updated its business development goals to include cryptocurrency and blockchain-based software
This Is Why Telecoms Giant SK Aims to Launch a Cryptoasset ‘in 2022’
24.3.2022
SK Square, an offshoot of one of South Korea’s biggest chaebol conglomerates has announced plans to launch a cryptoasset before the year is out – and intends to link it to a whole host of the conglomerate’s business platforms....
Read More: This Is Why Telecoms Giant SK Aims to Launch...
S. Korea's SK Square to Launch Crypto Token by Year-End: Report
24.3.2022
The crypto will be the first to be issued among S. Korea's top conglomerates
Prosecutors: Ethereum Foundation Knew About Virgil Griffith’s North Korea Intentions
24.3.2022
American prosecutors have told a court that the Ethereum Foundation, the body that governs the Ethereum (ETH) blockchain network, “initially indulged” the foundation’s Virgil Griffith – the man whom the FBI says “illegally engaged” with North Korea in 2019....
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S Korean Market Regulator Wants to Label Upbit, Bithumb ‘Large Conglomerates’
23.3.2022
South Korea’s biggest crypto exchanges are set to be regulated by the nation’s conglomerates regulator – a sign they have grown from relative obscurity into mega-companies in the space of just a few years. But the regulatory move would also ramp up scrutiny on what is already a heavily policed...