City Seoul Financial News
15.08 / 08:27
Adoption
Polygon
Mobile Games
NFT games have edge over ‘money in, no money out’ games: Polygon's Urvit Goel
Polygon’s VP of Global Business Development for gaming Urvit Goel believes games that integrate nonfungible tokens (NFTs) have a natural edge on traditional games that don’t allow users to sell their in-game items.
09.08 / 22:43
Blockchain
Gaming
Asia
Game dev explains why blockchain should be 'invisible' in P2E gaming: KBW 2022
Com2uS, the mobile game developer, wants to create its own version of Web3, “where it is free to play and own.” This is according to the company’s president Kyu Lee, who spoke at Korea Blockchain Week 2022 in Seoul, revealing the plan to launch a new blockchain.
09.08 / 20:07
09.08 / 09:31
Blockchain
CEO
Platform
Metaverse
Ready Player One gave us the misconception that the Metaverse is VR — Everyrealm CEO, KBW 2022
Everyrealm CEO Janine Yorio has dispelled misconceptions that the Metaverse can only be presented “exclusively in VR.”
08.08 / 14:57
Blockchain
Ethereum
Adoption
interview
Ethereum Merge may lessen usage for other chains, says Nansen CEO: KBW 2022
Cointelegraph’s Brian Newar spoke with Alex Svanevik, the CEO of blockchain data firm Nansen at the Korea Blockchain Week (KBW) 2022 held in Seoul and discussed topics like the upcoming Ethereum (ETH) Merge and how it will affect other blockchains.
08.08 / 14:33
Blockchain
Ethereum
Platform
BORA to Establish Cross Chain with Polygon in expanding Web 3.0 Market: KBW 2022
South Korean-based and blockchain-based content platform operator BORANETWORK (BORA) announced Wednesday to establish a cross-chain with Polygon to expand the global ecosystem and user liquidity contact points.
08.08 / 12:57
business
Blockchain
Adoption
week
Korea Blockchain Week, Aug. 8: First-day takeaways from the Cointelegraph team
The fifth annual Korea Blockchain Week kicked off on Sunday, with more than 7,000 people attending Asia’s largest blockchain event of 2022.
08.08 / 07:05
Ethereum
NFT
defi
Scalability
Starkware
60 million NFTs could be minted in a single transaction: StarkWare founder
Zero-knowledge (ZK) rollup tech company StarkWare founder Eli Ben-Sasson says its new Recursive validity proofs could theoretically roll up as many as 60 million transactions into one on the Ethereum blockchain.
05.08 / 09:41
Ethereum
Stablecoin
Tether
Usd Coin
Future
Vitalik: Centralized USDC could decide the future of contentious ETH hard forks
Ethereum co-founder Vitalik Buterin says that centralized stablecoins such as Tether (USDT) and Circle USD (USDC) could become “a significant decider in future contentious hard forks.”
02.08 / 03:23
Exchange
Legal
Upbit
Terraform Labs
South Korean Prosecutors Wrap up Terra Raids on Exchanges, Tech & VC Firms
A more than week-long prosecution raid of South Korean crypto exchanges and companies linked to Terraform Labs has finally come to an end, with officers admitting that finding the information they were after was challenging.
22.07 / 12:23
Legal
Terraform Labs
Terra
Returns
raid
Prosecutors Raid Home of Terra Co-Founder Daniel Shin as Do Kwon Returns to Twitter
The South Korean prosecution service’s recent raid of 15 locations as part of the probe into the “Terra (LUNAC) incident” saw officers search the home of the Terraform Labs co-founder Daniel Shin.
21.07 / 03:53
regulation
Terra
New South Korean Crypto Regulator ‘Days Away from Launch’, Government Confirms
The South Korean government is set to come good on a promise to launch a new regulatory agency that will govern the domestic crypto sector in the wake of what it calls the “Terra (LUNAC) incident.”
20.07 / 19:17
Law
regulation
Terra
raid
South Korean authorities raid 15 entities linked to Terra collapse: Report
Prosecutors in South Korea behind the investigation of Terraform Labs have reportedly executed a search and seizure in 15 firms, including seven crypto exchanges.
20.07 / 18:31
Exchange
Legal
Upbit
raid
S Korean Prosecutors Raid 15 Addresses, Including Major Crypto Exchanges, as Part of Terra Probe
South Korean prosecutors have raided 15 locations in Seoul as part of their ongoing probe into the “Terra (LUNAC) incident” – and have seized documents and data from at least seven crypto exchanges, including the market-leading platforms Upbit and Bithumb.
15.07 / 13:35
regulation
Exchange
Legal
Terra
Prosecution ‘Investigating Still-Extant South Korean Terraform Subsidiary’, Exchanges Make Self-regulation Proposal
South Korean prosecutors have reportedly uncovered evidence of an obscure Terraform Labs subsidiary that appears to exist only “on paper.”
08.07 / 03:39
regulation
Exchange
Investment
South Korean MP Wants to Launch a Fund to Help Struggling Crypto Investors
A South Korean politician wants the government to create a special fund to help crypto investors who have suffered losses in the markets – and says that crypto exchanges should foot the bill.
07.07 / 21:27
Ethereum
Ripple
Bitcoin
Delio
Delio unveils South Korea's first 'crypto bank'
The MMDA account enables the deposit and withdrawal of crypto assets at any time and offers daily compound earnings regardless of the performance when storing Bitcoin, Ethereum, and Ripple. Delio is also opening a branch offering things like an "economic salon" and "crypto academy" in Seoul’s Gangnam district, the centre of the Korea’s crypto industry.
07.07 / 07:27
01.07 / 03:45
Legal
stocks
Bankruptcy
South Korean Bankruptcy Court Warns of Coming Surge in Crypto-related Cases
South Korean courts are bracing for a wave of crypto-related bankruptcies – and have created a “working rule” that will help them deal with cases involving individuals who have fallen foul of crypto investments gone wrong.
29.06 / 11:07
CryptoExplainer
crypto news
Cryptocurrecny
Crypto Crash Threatens North Korea's Stolen Funds And Weapons Programme: Report
Crypto crash threatens North Korea's stolen funds as it ramps up weapons tests
28.06 / 03:33
scam
Legal
phishing
Crypto Exchange That Hosted a Scammer’s Wallet Is ‘Not Liable’ For Victim’s Losses, Court Rules
A South Korean judge has ruled that a domestic crypto exchange is not liable for the actions of a voice phishing scam gang who transferred their victims’ coins onto its platform.
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