North Korea Financial News

06.10 / 12:41

regulation Court Terra Korean police reportedly arrest first person involved in Terra collapse

After months of investigation without any single arrest and the main offender on the run teasing the enforcers on Twitter, South Korean police have reportedly captured the first person involved in the Terra blockchain ecosystem collapse.

05.10 / 09:51

UPS Provident Features Crypto Casino of the Year BC.GAME Launches Its All-New Redesigned Website With Better Features

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

04.10 / 12:19

Ripple SEC saga Law Decoded, Sept. 26–Oct. 3: New episode of Do Kwon saga

Terra co-founder Do Kwon, wanted by South Korean authorities, seems to live in a digital-era James Bond movie. The businessman, whose whereabouts are currently unknown, reacted via Twitter to Interpol issuing a Red Notice on him. Kwon told his followers that he calmly writes code in his living room, “making zero effort to hide.” Active on social media while facing potential arrest and prosecution in South Korea, Kwon showed his location as Singapore on his Twitter account at the time of publication.

04.10 / 01:33

Blockchain ETH Platform Nothing ‘unique’ about Tornado Cash as sanctions continue to pinch TORN

Can it be any worse for the already-troubled crypto-mixer Tornado Cash? Not just on the regulatory side, but even on-chain metrics have now revealed a depressing story. From monthly users to weekly deposits and withdrawals and much more…

29.09 / 20:33

Parke park S Korean Entertainment and Crypto Worlds Rocked by Bithumb ‘Boss’-Park Min Young Revelations

It is a story that has sent shockwaves through both the South Korean entertainment world and the crypto industry – with allegations that the mysterious main shareholder of the crypto exchange Bithumb has been dating one of the country’s leading female actresses. But while this news might be sensational enough, the media outlet that broke the story has also alleged that the shareholder has “links with gangsters.”

29.09 / 13:23

FIVE Action WSJ Case against Do Kown is "highly politicized": Terraform Labs

Terraform Labs believes South Korean prosecutors have «highly politicized» the case against founder Do Kown after he was issued an arrest warrant, the firm told the Wall Street Journal (WSJ).

29.09 / 11:19

Twitter CEO Action Luna Terraform Says Case Against Do Kwon Is ‘Politicized’ and LUNC ‘Isn’t a Security’

Do Kwon, the under-fire CEO of Terraform Labs, has hit out at South Korean prosecutors via his firm. The company has accused prosecutors of morphing the legal definition of a security to kowtow to political pressures.

29.09 / 09:07

Law regulation security Terra WSJ: Terraform Labs claims case against Do Kwon is ‘highly politicized’

Terraform Labs, the company behind the development of the Terra (LUNA) blockchain said South Korea’s case against its co-founder Do Kwon has become political, alleging prosecutors expanded the definition of a security in response to public pressure.

28.09 / 13:03

BTC Kucoin Bitcoin South Korean Regulators Order Seizing 3313 BTC Linked to Do Kwon

The South Korean regulators have instructed KuCoin and OKX to freeze the total of 3,313 Bitcoin (BTC) worth approximately $67 million linked to Do Kwon.

27.09 / 18:03

Blockchain regulation Terraform Labs Terra Bitcoin freeze Report: Korean authorities orders freeze of $67M of Bitcoin tied to Do Kwon

South Korean authorities have requested crypto exchange OKX and Kucoin to freeze 3,313 Bitcoin (BTC) reportedly tied to Do Kwon, the co-founder of Terra blockchain developer Terraform Labs.

27.09 / 09:07

Blockchain Gaming Yat Siu: Asia GameFi opportunity huge as gamers don’t hate NFTs

Animoca Brands co-founder Yat Siu thinks that GameFi has the biggest opportunity for growth in Asia, as gamers there don’t hold the same vitriol towards nonfungible tokens (NFTs) as they do in the West.

22.09 / 21:19

business banking partnership services Blockdaemon Korean crypto bank partners with Blockdaemon to offer retail staking services

Crypto-focused finance company Delio has partnered with Blockdaemon to launch retail-focused staking services, giving customers a more seamless way to earn rewards on their digital asset holdings.

22.09 / 18:53

business Blockchain Taxes South Korean gov has confiscated 260B KWR in crypto for non-payment of taxes since 2021

According to local news outlet mk.co.kr, the South Korean government has seized over 260 billion Korean won ($180 million) worth of cryptocurrencies in the past two years due to tax arrears. The country's politicians enacted regulations allowing for the seizure of digital currencies for tax delinquencies and began enforcing them last year.

22.09 / 10:19

Technology inflation North Korea denies exporting arms to Russia amid Ukraine war

North Korea slammed US intelligence reports of weapons transfers to Russia during the war in Ukraine, stating that it has not and has no plans to do so and labelling the claims as an attempt to tarnish the hermit nation's image.

20.09 / 22:49

Government regulation sanctions Mixers Crypto mixers US Treasury official says crypto mixers are a 'concern' in enforcing sanctions

Elizabeth Rosenberg, the assistant secretary for terrorist financing and financial crimes at the United States Department of the Treasury, suggested sanctioning cryptocurrency mixers could help strengthen the government’s response to foreign entities looking to use digital assets for illicit means.

20.09 / 13:11

UPS Terraform Labs Terra South Korean Prosecutors Turn to Interpol for Help in Hunt for Do Kwon

Source: Screenshot/YouTube/Coinage

19.09 / 05:27

business Law Terra Luna NOT Terra co-founder Do Kwon says he’s not ‘on the run’

Do Kwon, the co-founder of the Terra ecosystem, took to Twitter on Saturday asserting he’s “not ‘on the run’ or anything similar” after the Singapore Police Force (SPF) said Kwon wasn’t in the city-state.

14.09 / 21:17

Bitcoin Argentinian Tax Body Closes Net on Illegal Crypto Mining, S Koreans Wouldn’t Date a Bitcoiner + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

14.09 / 21:13

Blockchain Citi Digital Huobi Busan adds Huobi to list of digital exchange development partners

The South Korean city of Busan has added Huobi Global to its list of crypto exchanges that will help develop the city’s first Digital Currency Exchange.

14.09 / 19:21

FIVE Cooper HANS Terraform Labs Is South Korea getting ready to arrest Do Kwon- Decoding details

Due to the South Korean government’s request for his arrest, Do Kwon, the founder of Terraform Labs, is in grave danger. The cryptocurrency market lost $40 billion as a result of Terra’s stablecoin USTC and Terra Classic LUNC collapsing.

14.09 / 13:11

Waves Southern Luna Korean Prosecutors Consulting if LUNA Classified "Security"

The probe into Terraform Labs by South Korean prosecutors is taking a whole new twist as watchdogs are making consultations on how best to classify the collapsed LUNA tokens — now known as Luna Classic (LUNC).

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