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North Korea Still Hacking Crypto Exchanges to Fund Its Weapons Program, Says UN
7.2.2022
Independent sanctions monitors have told the United Nations (UN) that North Korea is continuing to use crypto and raids on international crypto exchanges as a major revenue stream to fund its nuclear and ballistic weapons programs.
The monitors, Reuters reported, submitted their findings to...
Cryptocurrency Theft Remains Key Revenue Source for North Korea, UN Report Says
6.2.2022
Cyberattacks on cryptocurrency exchanges have been a major source of funds for North Korea in the past year, a United Nations report has unveiled. According to the document, the sanctioned nation has also been developing its nuclear and missile programs. North Korea Hits Cryptocurrency Exchanges...
South Korean Crypto Exchanges See Rise in Complaints, More People Turn to Home Mining
4.2.2022
There was a x7.7 spike in the number of customer complaints lodged against South Korea’s four biggest crypto exchanges last year as citizens in the nation are embracing crypto like never before. Meanwhile, crypto mining is also on the rise.
Yonhap reported that the data on complaints...
Crypto Exchanges Reward Staff with Bumper Bonuses after Successful 2021
2.2.2022
South Korean crypto trading platforms are not only offering huge pay packages to prospective new hires – they are also looking to retain their staff by paying them massive Lunar New Year bonuses.
As reported, the “big four” crypto trading platforms - Upbit, Bithumb, Korbit, and Coinone –...
Men Who Spiked a Crypto YouTuber’s Coffee to Steal Coins Sent to Jail for 3 Years
1.2.2022
Two South Korean YouTubers who robbed a fellow crypto broadcaster by spiking them with sleeping pills and stealing USD 660,000 worth of tokens, have been sentenced to three years behind bars – after a disagreement about sharing the profits of their social media behavior got out of hand....
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Apple's Metaverse, Crypto Lobbying, WisdomTree's Wallet, USD 80M DeFi Hack + More News
28.1.2022
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: Apple's Metaverse, Crypto Lobbying, WisdomTree's Wallet, USD 80M DeFi Hack + More News
‘Romantically Involved’ USD 3.8m XRP Thieves Sent to Prison for 7 Years
26.1.2022
A couple who stole over some USD 3.76m worth of XRP tokens from a crypto investor in 2017 have been handed seven-year jail sentences after an appeals court in South Korea ruled that the duo should spend the best part of a decade behind bars....
Read More: ‘Romantically Involved’ USD 3.8m...
Bank of Korea completes first phase of digital currency pilot
24.1.2022
The second phase of the CBDC mock testing is expected to complete by June this year
Main Opposition Candidate for President of South Korea Pledges Support for Crypto Tax Exemptions
20.1.2022
The leading presidential candidate of the opposition in South Korea has promised voters to ease the tax burden on crypto-related profits through exemptions. In a recent statement, Yoon Suk-yeol indicated that crypto investors will be treated like those who put money into stocks. Presidential...
South Korean Presidential Candidates Pledge Lower Taxes for Crypto Traders, End to ICO Ban
19.1.2022
The new year is off to a flying start for South Korea’s crypto community – who will likely have plenty to celebrate after March’s presidential elections....
Read More: South Korean Presidential Candidates Pledge Lower Taxes for Crypto Traders, End to ICO Ban
Both Main South Korean Presidential Candidates Now Set to Unveil Pro-Crypto Manifestos
19.1.2022
Crypto is set to become a key political battleground in South Korea, where both of the leading candidates in March’s presidential elections are set to showcase a number of crypto-related policies. And although politicians’ manifestos promises are not always adhered to the letter in any part...
Crypto Job Postings Increased 400% in 2021 According to Linkedin
18.1.2022
According to new data from Linkedin, a professional work-based social network, the number of cryptocurrency-related job postings soared in 2021. The increase was even higher than the general increase in tech-related job postings. The nature of these posts is also diversifying, with various...
South Korean Crypto Exchanges Face AML Probes as Regulators Test Compliance
18.1.2022
South Korean regulators are set to probe the nation’s four biggest crypto exchanges to test their anti-money laundering (AML) capabilities.
The exchanges – Korbit, Upbit, Coinone, and Bithumb – are the only trading platforms that operate fiat KRW markets and received their operating permits...
North Korean Hackers Stole $400 Million in Cryptocurrency Last Year — Ether Accounts for 58% of Stolen Funds
15.1.2022
North Korean hackers stole cryptocurrency worth about $400 million last year in at least seven major attacks on crypto platforms. “Only 20% of the stolen funds were bitcoin … And for the first time ever, ether accounted for a majority of the funds stolen at 58%,” said...
ICON commits $200M to interoperability incentive fund
14.1.2022
The South Korean blockchain hopes to fund its interoperability technology to create new cross-chain applications
Prosecutors Want to Put ‘Bogus’ Crypto Exchange Chiefs Behind Bars for Life in Legal First
14.1.2022
The seven alleged ringleaders behind VGlobal, a suspected high-profile South Korean scam crypto exchange that allegedly sucked in some 52,419 investors in South Korea to the tune of USD 2bn, could be handed life sentences, marking a new legal first for fraudsters operating in the sector....
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Animal Concerts partners with Korea’s Klaytn: K-pop in the Metaverse?
12.1.2022
The US-based Metaverse concert organizer Animal Concerts has partnered with South Korea’s Klaytn blockchain network to bring leading global music entertainment stars to the Metaverse
Political Boost May Be on the Horizon for South Korean Metaverse, P2E, NFT Champions
11.1.2022
South Korean metaverse and crypto gaming projects could get a massive boost in the weeks ahead – if the results of the next general election go their way, and provided politicians make good on their promises....
Read More: Political Boost May Be on the Horizon for South Korean Metaverse,...
Major South Korean Securities Firms, Investors Warming to Crypto
8.1.2022
South Korean investors are “finding it hard to resist the allure of crypto,” while a number of leading domestic securities firms have suddenly started producing reports on the sector – indicating that fund managers may be casting an eye on the markets....
Read More: Major South Korean Securities...
These School Children to Take Crypto-related Lessons
7.1.2022
South Korean children in one of the nation’s biggest provinces will learn about crypto from this spring after the local education authority announced a willingness to incorporate more “real-world” financial education in its curriculum....
Read More: These School Children to Take Crypto-related...