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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...
Paraguay paves the way for crypto regulation despite internal opposition
30.5.2022
A new bill for crypto regulation has been approved by Paraguayan Congress despite the central bank and budget commission’s rejection of the project
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...
Bitcoin price approaches key support levels to avoid 'cascade south'
27.5.2022
Volatility is primed to return after upside above $29,000 fails to become an enduring trend
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...
First Mover Asia: Regulatory Attention on Terra Could Change South Korean Trading Environment; Bitcoin Goes Sideways
26.5.2022
The founders of two prominent crypto-related organizations said tightened restrictions could make it difficult for foreign tokens to list on Korean exchanges, discouraging projects from trying
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
Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote
25.5.2022
While the FSS' standardization effort is still in its early stages, it is expected that once a legal framework for virtual assets has been established, a uniform evaluation system will be put in place
Upbit Operator Faces Scrutiny Over Affiliate’s 2020 USD 103M LUNA Sale
25.5.2022
South Korean crypto exchanges are now in the firing line as the terra (LUNA) crash fallout continues to sow the seeds of chaos in the domestic crypto industry.
Dunamu, the operator of the Upbit exchange, has denied reports that it dumped large sums of LUNA to avoid forthcoming price drops...
South Korean Regulators to Inspect Companies Linked to Terraform
25.5.2022
South Korea’s financial regulators are planning to launch onsite inspections into domestic companies that have a business relationship with Terraform Labs – and particularly those that have made use of terra (LUNA) ecosystem coins.
In an exclusive article, the South Korean media outlet Money...
LUNA Investor Arrested for Knocking on Do Kwon’s Door After Losing $2.4 Million in Terra Crash
25.5.2022
A crypto investor has been arrested after knocking on Do Kwon’s door following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He lost about $2.4 million and is now under investigation by the South Korean police. “I felt like I was going to die,”...
More Crypto Regulation Incoming in South Korea Following Terra Collapse, Gov’t Indicates
24.5.2022
More regulatory scrutiny could be incoming for the crypto sector in South Korea in the wake of the terra (LUNA) and terraUSD (UST) crash – with exchanges set to come under the same kind of scrutiny as Terraform Labs and its Founder and CEO Do Kwon....
Read More: More Crypto Regulation Incoming...
South Korean Authorities Look to More Closely Scrutinize Exchanges Following Terra Meltdown: Report
24.5.2022
South Korea's financial authorities are looking to introduce measures to hold crypto exchanges to greater scrutiny in the wake of Terra's collapse, according to a report by The Korea Times
Law Decoded: The long waves in the aftermath of UST’s crash, May 16-23
24.5.2022
Officials from all over the world continue discussing the solutions for stablecoins' risks
South Korean police request exchanges freeze LFG related funds
24.5.2022
Police in South Korea have contacted the country’s leading exchanges to freeze any funds linked to the embattled Luna Foundation Guard
Woman Gets 5-year Jail Term After Stealing USD 87K Worth of Crypto in Dating App Scam
24.5.2022
A South Korean woman who met a man on a smartphone chat app, drugged him, and stole USD 87,000 in crypto from his phone has been sentenced to five years in prison....
Read More: Woman Gets 5-year Jail Term After Stealing USD 87K Worth of Crypto in Dating App Scam
Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard’s Assets
24.5.2022
The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze the Luna Foundation Guard’s accounts. Embezzlement Investigation and Asset...
Popular Radio Presenter Suspended for Alleged Ties to Bitcoin Scam
23.5.2022
South Africa’s national broadcaster has suspended one of its employees that is accused of convincing unsuspecting people, including pensioners, to invest in a cryptocurrency scam. More than 100 people are believed to have fallen victim to promises of very high returns to investors in...