North Korea Financial News

Amid an ongoing class-action lawsuit related to a $100-million hack in June, the developer of Atomic Wallet has launched a $1-million bug bounty program aimed at identifying security flaws in its wallet software.

Indian rupee inched up on Wednesday, supported by strength in some of its Asian peers, but gains on the local unit are likely to be limited on dollar buying interest from local oil companies and importers. The rupee was at 83.15 against the U.S. dollar as of 10:15 a.m.

South Korea’s Supreme Court has jailed a crypto fraudster who amassed $153 million for 10 years, upholding a sentence handed out in February.

'Opposition-less' Parliament? How many MPs are left after record suspensions Union Minister for Information and Broadcasting, Anurag Singh Thakur to move that the Bill to provide for press, registration of periodicals and matters connected therewith or incidental thereto, as passed by Rajya Sabha, be taken into consideration. Besides, the Bill to consolidate and amend the law relating to Criminal Procedure will also be taken into consideration on Wednesday.

Atomic Wallet has announced the launch of a public bug bounty program featuring a $1 million prize pool in the hopes of making the app “an even more secure experience for users.”

North Korea's «reckless» nuclear build-up and missile launches. G7 foreign ministers said in a statement after the launch of Pyongyang's most powerful ballistic missile that «North Korea's repeated reckless actions must be met with a swift, united and robust international response, particularly by the United Nations Security Council».

MPs were suspended from Parliament during the ongoing Winter Session 2023. The session — which commenced on December 4 — saw 14 suspensions last Thursday, 78 on Monday and 49 on Tuesday. The suspension of Parliament members is the largest in the country’s history.

South Korea, the United States and Japan said on Tuesday they have activated a new system to detect and assess North Korea's missile launches in real-time. The announcement comes after North Korea said it had tested the isolated state's newest intercontinental ballistic missile (ICBM) on Monday to gauge the war readiness of its nuclear force against mounting U.S. hostility. Here is what we know about the new missile warning data sharing system: WHAT INFORMATION IS BEING SHARED? Under the new mechanism, the three countries will share information on the launch site, flight trajectory and hitting point of North Korean missiles around the clock, South Korean Defence Minister Shin Won-sik said. The United States had until now shared such information separately with South Korea and Japan. «We will have warning data on North Korean missiles much faster, and be able to secure enough time to respond effectively,» Shin said in an interview with broadcaster MBN on Monday.

North Korea test-fired a intercontinental ballistic missile (ICBM) powered by solid fuel on Monday, South Korean officials said, in what would be the third such test this year to boost capabilities for launching with little preparation. Seoul did not identify the specific missile, but nuclear-armed North unveiled its solid-fuel Hwasong-18 ICBM at a military parade in February and previously tested it during launches in April and July. Last month North Korea also said it had tested solid-fuel engines for an upcoming new-type of intermediate-range ballistic missile (IRBM). Here are some characteristics of solid-fuel technology, and how it can help the North improve its missile systems. WHAT ARE SOME ADVANTAGES OF SOLID FUEL? Solid-fuel missiles do not need to be fuelled immediately ahead of launch, are often easier and safer to operate, and require less logistical support, making them harder to detect and more survivable than liquid-fuel weapons. «These capabilities are much more responsive in a time of crisis,» said Ankit Panda, a senior fellow at the U.S.-based Carnegie Endowment for International Peace. WHAT IS SOLID-FUEL TECHNOLOGY? Solid propellants are a mixture of fuel and oxidiser.

The Bank of Japan (BOJ) meets Tuesday amid much chatter that it is considering how and when to move away from negative interest rates. None of the analysts polled by Reuters expected a definitive move at this meeting, but policy makers might start laying the groundwork for an eventual shift. April was favoured by 17 of 28 economists as the kick-off for negative rates to be scrapped, making the BOJ one of the few central banks in the world actually tightening. «Since the last meeting in October, 10-year JGB yields have fallen and the yen has appreciated, giving the BOJ little incentive to revise policy at this stage,» said Barclays economist Christian Keller. «We think the BOJ will wait to confirm the result of the 'shunto' wage negotiations next spring, before moving in April.» Japan's Nikkei lost 1.2%, weighed in part by a firm yen.

nuclear-powered submarine arrived in the South Korean port city of Busan on Sunday, the Yonhap news agency reported citing the South Korean navy. The arrival of the USS Missouri, also known as SSN-780, comes after South Korea and the U.S. held their second Nuclear Consultative Group meeting in Washington on Friday. «Any nuclear attack by North Korea against the United States or its allies is unacceptable and will result in the end of the Kim regime,» a joint U.S.-South Korean statement from the meeting said. A senior South Korean official said earlier this week that North Korea may test-launch an intercontinental ballistic missile this month. Visits by U.S.

South Korean financial officials issued a directive on December 4, 2023, requesting users to report any unregistered cryptocurrency exchanges operating in the area. This directive was made in an effort to control the market. This approach is a reflection of South Korea's continuous attempts to simplify its digital asset market and protect investors from the possible hazards connected with virtual asset exchanges that are not regulated.

Vladimir Putin condemned Israel's incessant bombing of Palestine's Gaza Strip, he also promised to intensify the offensive in Ukraine that started over a year ago. Ukraine's increased commination comes at a time when the United States is struggling to send aid ahead of their Presidential Polls in 2024. Meanwhile, despite the United Nations Security Council's resolution demanding an immediate ceasefire in Gaza, Israel's Prime Minister Benjamin Netanyahu has vowed to continue bombing the densely populated Gaza Strip ‘with or without international support’.

South Korea’s central bank governor Lee Chang-yong is calling for action around central bank digital currencies (CBDC) which he says have become imperative and there is an urgency that can no longer be postponed.

In recent years, North Korea has notably intensified its cyber operations, particularly targeting the cryptocurrency industry. This strategic shift emerged around 2017 when the country's cybercriminal activities, previously focused on traditional financial institutions, pivoted towards the burgeoning field of digital currencies. The impetus for this change was likely due to the increased scrutiny and enhanced cybersecurity measures adopted by banks and financial institutions following a series of high-profile heists, including the infamous Bangladesh Bank robbery, according to Recorded Future .

The defense ministers of Japan, Britain and Italy have signed an agreement to establish a joint organization to develop a new advanced jet fighter, as the countries push to strengthen their cooperation in the face of growing threats from China, Russia ...

K-pop supergroup BTS will begin their 18-month military service in South Korea this week, joining three others already serving, with fans pledging to wait until 2025 for them to perform as a group again. A group of fans braved rainy weather on Monday to bid a temporary farewell to the seven-member band's leader, RM, and vocalist V in front of their boot camp in the central city of Nonsan.

National Security Advisors of the United States, South Korea and Japan convened to discuss a collective response to North Korea’s illicit crypto financing for weapons of mass destruction programs (WMD).

This is your weekly digest of top crypto news from Cryptonews.com, followed by a collection of 20 hand-picked crypto jokes.

Scathing crypto critic Elizabeth Warren (D-MA) is continuing to sound the alarm on Bitcoin’s role in terrorist financing – though industry figureheads think her claims may once again be exaggerated.

Zomato, Maruti Suzuki, SpiceJet, IDFC First Bank, among others, will be in focus in today's trade.Balrampur Chini Mills, National Aluminium Company, Delta Corp, Indiabulls Housing Finance, India Cements, SAIL and Zee Entertainment Enterprises are in the F&O ban list for 8 December.GIFT Nifty futures were largely flat, with a gain of 3 points at 21,084, indicating a flat start for Indian indices.India's benchmark indices ended lower on Thursday, snapping seven sessions of gains amid weak cues from global peers.At close, Nifty was down 37 points at 20,901.15, the Sensex fell 132 points to 69,521.69.Asian stocks fell early Friday, shrugging off a rally on Wall Street, as traders ratchet up bets the Bank of Japan is nearing the end of its negative interest rate policy.Japanese shares slipped for a second day, while the yen rose more than 1% amid thin liquidity. Australian shares also fell while contracts for mainland China pointed to losses.