City Seoul Financial News

30.01 / 18:09

Citi Binance PwC FTX Samsung S Korean Ministry, Local Law Firm & Samsung Affiliate Included on FTX Creditor List

Several South Korean firms – and a major government organ – were named on the crypto exchange FTX’s long list of creditors.

28.01 / 02:01

markets solana Bitcoin Bitcoin Price crypto market cap Total crypto market cap rises above $1T, and data suggests more upside is in store

Despite the recent negative crypto and macroeconomic newsflow, the total cryptocurrency market capitalization broke above $1 trillion on Jan. 21. An encouraging sign is that derivatives metrics are not showing increased demand from bearish traders at the moment.

26.01 / 13:45

Man Parke Southern Crypto Exchange raid S Korean Prosecutors Raid Bithumb in Price Manipulation Probe, Hope to Arrest ‘Owner’

The South Korean crypto exchange Bithumb has suffered another double blow from the nation’s prosecutors – who have raided the exchange in a price manipulation probe. Officers also want to arrest Bithumb’s suspected largest shareholder on embezzlement charges.

25.01 / 22:33

business Blockchain South Korean prosecutors request arrest warrant for Bithumb owner: Report

According to local news outlet infomax.co.kr, South Korean prosecutors have requested an arrest warrant on Jan.25 for Kang Jong-Hyun, chairman and actual owner of cryptocurrency exchange Bithumb. Jong-Hyun is wanted on allegations of embezzlement related to his activities at the exchange.

19.01 / 23:59

business Blockchain City of Busan to establish digital assets exchange: Report

According to local news outlet News1, Busan, South Korea will establish a decentralized digital commodities exchange. Officials said the platform is scheduled to start operations this year and will support local cultural content via digital assets.

19.01 / 17:45

Extreme Legal Bitcoin Premium ‘$3.2bn’ Kimchi Premium Traders to Stand Trial in South Korea

South Korean prosecutors are continuing to wage war against illegal kimchi premium traders – and will seek to convict 20 people for allegedly conducting $3.2 billion worth of illegal crypto transactions.

16.01 / 23:35

Binance CFTC SEC Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution

The United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with selling unregistered securities through Gemini’s “Earn” program.

16.01 / 20:51

business Government Metaverse Seoul government opens city's metaverse project to public

The Seoul Metropolitan Government has launched its Metaverse Seoul project, allowing residents of the South Korean capital city to access city services in a virtual environment.

12.01 / 14:11

Blockchain wallet Software South Korean Software Giant AhnLab Unveils Crypto Wallet

The South Korean software giant AhnLab has released a crypto wallet – becoming the latest in a long line of the country’s IT players to move into the space.

10.01 / 17:03

business regulation Fraud South Korean regulators target Bithumb in new probe

The South Korea-based cryptocurrency exchange Bithumb is under a “special tax investigation” by the country’s National Tax Service (NTS), according to local reports.

10.01 / 14:43

Tax Bithumb Crypto Exchange Bithumb Hit With Tax Investigation, Prosecutors Grill ‘Major Shareholder’

The South Korean crypto exchange Bithumb has been hit with a double whammy from the South Korean tax and legal authorities – with the exchange made the subject of a “special” tax investigation. And prosecutors have summoned its suspected largest shareholder for questioning.

04.01 / 13:55

Legal Crypto Exchange Jail South Korean Prosecutors Fail in Bid to Jail Ex Bithumb Boss

South Korean prosecutors have been thwarted in their efforts to send the former head of the crypto exchange Bithumb to prison for eight years.

03.01 / 11:41

business regulation Fraud Terra Luna Lee Bithumb former chair Lee Jung-Hoon acquitted in the first instance

Lee Jung-hoon, the former chair of the South Korean cryptocurrency exchange Bithumb, was found not guilty on Jan. 3 by the 34th Division of the Criminal Agreement of the Seoul Central District Court.

31.12 / 01:03

business Blockchain Technology Investments Executive Bithumb’s largest shareholder executive found dead following allegations of embezzlement

Mr. Park Mo, the vice president of Vidente, the largest shareholder of South Korean Cryptocurrency exchange Bithumb,was reportedly found dead in front of his home at 4 am, on the morning of Dec. 30.

29.12 / 14:01

Hack South Korean Hacker Stole $6.7m from Dead CEO’s Crypto Wallets

A South Korean hacker stole $6.7 million from crypto wallets belonging to the deceased CEO of a business empire that included the crypto exchanges Korbit and Bitstamp.

23.12 / 17:33

Target Platform security North Korea’s Crypto Hacking Efforts to Intensify in 2023, Warns Seoul

Intelligence chiefs south of the DMZ have warned that North Korea’s crypto hacking campaigns will likely intensify in the year ahead.

20.12 / 17:07

Citi Provident CEO network OnePlanet NFT Marketplace Partners With MTDZ by Sandbox Network

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

20.12 / 15:17

Law regulation South Korean court freezes $92M in assets related to Terra tokens

More than six months after the collapse of the Terra ecosystem, South Korean authorities continue to investigate and freeze the funds of persons involved in Terra.

14.12 / 15:15

Cardano ADA Cardano Price Prediction ADA/USD blast Cardano price week Cardano Price Forecast – Can ADA Blast Up to $1 This Week?

Cardano price is posting modest gains as investors shrug off FTX's Samuel Bankman-Fried (SBF) arrest. Investors are focusing more on the recently released United States inflation data and the Federal Open Market Committee's decision on the interest rate.

14.12 / 11:49

CEO Platform Southern Luna Terra Co-Founder Do Kwon Allegedly Hiding In Serbia

In order to send Kwon back to South Korea so that he may face charges there, South Korean officials have made a request for assistance from the government of Serbia.

12.12 / 13:45

Terra Luna Classic S Korean Prosecutors Say Do Kwon Is in Serbia, Terra Luna Classic Takes a Tumble

South Korean prosecutors have claimed Do Kwon is “in hiding” in Serbia – and have asked the European nation’s police force to hand him over to them. Meanwhile, it has been a rocky past few hours for Terra Luna Classic (LUNC) – the token launched by Kwon and his firm Terraform Labs.

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