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South Korean regulator is wary of NFT-based games
23.9.2020
The South Korean gaming regulator is reluctant to embrace NFTs
South Korean Crypto Exchanges Search for ‘Seamless’ AML Solutions
19.9.2020
With just months to go before new legislation comes into force requiring all of South Korea’s crypto exchanges to implement strict anti-money laundering (AML) policies, the race is now on to adopt solutions ahead of time – and avoid falling foul of the law.
So which AML solutions are South Korean...
Checking In With Terra, the Korean Stablecoin Firm Bringing Online Shoppers to Crypto
18.9.2020
Terra's stablecoin savings account is a month delayed but the project is gaining momentum with over 2 million users on the firm's Chai payments app
South Korean Police Seize Shares From Major Bithumb Shareholder
18.9.2020
South Korean police have seized shares in Bithumb, the country’s biggest crypto exchange. The shares belong to Bithumb Korea director and major shareholder Kim Byung-Geon. According to a local media report, the police raid – the third on the exchange this month – follows...
South Korean gov pledges to bring blockchain voting into people’s homes
16.9.2020
Blockchain could soon be integrated into South Korean apartments
South Korean police seize Bithumb shares in third raid this month
16.9.2020
The plot thickens as Bithumb director’s shares are seized after he had applied for the seizure of the chairman's shares
Korean Business Heavyweights Team up for Blockchain Insurance Project
16.9.2020
The Hyundai sign on a car. Two of South Korea’s biggest conglomerates will team up to create a blockchain-based insurance offering. The deal will see the Lotte Group’s insurance arm, Lotte Insurance, join forces with the Hyundai Group’s blockchain and crypto subsidiary Hdac for an unprecedented...
South Korean exchange traffic has risen sharply since June — Is this why?
11.9.2020
The boost may come down to the popularity of one specific token
‘North Korean’ Hackers Target Crypto Exchanges, Spread Viruses in Word Doc
11.9.2020
Pyongyang. North Korean hackers are “using fake job offer emails to dupe crypto exchange employees,” warned security experts – and Pyongyang-aligned cyber-terrorists are causing “damage” by circulating “malware-ridden MS Word documents” south of the 38th Parallel.
Gina Kim, an IT security...
Bithumb Exchange’s Offices Raided Again by Korean Authorities: Report
8.9.2020
Local officials are said to have raided Bithumb's offices for the second time in a week as part of a fraud investigation
South Korean police reportedly raid Bithumb for second time
8.9.2020
Bithumb has remained quiet despite the second police raid in the course of a week
Blockchain ID ‘War’ in the Offing as S Korean Giants Prepare Rollouts
8.9.2020
South Koreans are likely to completely do away with plastic ID, social security and driver’s license cards in favor of blockchain technology-powered digital alternatives, per a new report – with some of the biggest companies in the land vying for a stake in the market.
Per Fn News, SK Telecom,...
S Korean Gov’t: Stay Away from Crypto Meetups or Risk Coronavirus Flare-up
8.9.2020
The South Korean government has warned members of the public not to attend crypto-themed meetups amid escalating coronavirus fears – but added that citizens should also be aware of potential fraud risks at crypto gatherings.
Per Segye Ilbo, a number of crypto-related “investment briefing sessions”...
KaKao Klip To Launch PIBBLE Virtual Asset Tournament For Korean E-sports Industry
7.9.2020
Leading social media rewarding portal powered with blockchain technology, PIBBLE, has entered into a strategic partnership with KaKao Klip to organize South Korea’s first e-sports Virtual Asset Tournament for fans. KaKao Klip is a digital wallet solution that runs on the KaKao blockchain channel....
South Korean government agency to use blockchain-based employee ID system
6.9.2020
South Korean public entities are becoming blockchain-friendly
Revealed: How North Korean hackers launder stolen crypto
4.9.2020
The techniques are sophisticated but crypto laundering cases are still relatively small
Major South Korean Crypto Exchange Raided by Police in Alleged $25.2M Fraud Case
3.9.2020
South Korean police raided the country’s largest cryptocurrency exchange, Bithumb on September 2 as part of an investigation of fraud allegedly committed by the organization’s main shareholder. With the recorded number of visitors to the platform touching 4.11 million between May...
Police Raid South Korean Crypto Exchange Bithumb - Reports
2.9.2020
Police in South Korea are reportdely searching the headquarters of Bithumb, the nation’s biggest crypto exchange per trading volume as part of an investigation into fraud and embezzlement.
Per Newsis and Seoul Shinmun, officers from the Seoul Metropolitan Police Agency’s Intelligence Unit raided...
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...