North Korea Financial News

19.08 / 08:09

Adoption Environment Universities Korea's 'poop-coin' project got flushed in February, inventor reveals

The South Korean government has put the lid on a science program that created toilets designed to turn human waste into electricity, heat, and digital currency.

18.08 / 23:13

Stablecoin regulation Terra Seoul Says It Is Talking to Int’l Counterparts About Streamlined Stablecoin Regulations

18.08 / 16:41

regulation Bitcoin Financial Korean financial watchdog to block tens of unregistered exchange websites

Unregistered cryptocurrency exchanges operating in South Korea could see their services grind to a halt as the Korea Financial Intelligence Unit (FIU) takes action against 16 foreign-based firms.

18.08 / 11:39

cryptocurrency Digital Man Tornado Cash dutch Dutch Detain Suspected Developer Of Crypto Mixer Tornado Cash

Tornado Cash is one of the largest crypto blenders identified as problematic by the USTreasury.

18.08 / 05:01

Adoption Police Traffic Korean police seize crypto for unpaid traffic fines in trial

A South Korean town near Seoul has been successfully operating a pilot program that allows police to seize crypto from the exchange accounts of individuals with delinquent traffic fines.

17.08 / 16:03

business regulation Terraform Labs Terra Lawyers Do Kwon reportedly hires lawyers in S.Korea to prepare for Terra investigation

Terraform Labs co-founder Do Kwon has reportedly hired a lawyer from a domestic law firm in South Korea just days after claiming the South Korean authorities are yet to reach out to him or file any charges against him.

17.08 / 14:09

regulation Exchange Police Traffic Pay Your Traffic Fines or We’ll Confiscate Your Crypto – S Korean Police Pilot Grants Officers New Powers

17.08 / 07:51

Blockchain Adoption regulation privacy Disaster manta Tornado Cash ban could spell disaster for other privacy protocols — Manta co-founder

There are mounting concerns that recent United States government sanctions against Tornado Cash will become a “slippery slope” for Web3 privacy that could eventually make the entire space “meaningless.”

16.08 / 17:53

Government Law regulation privacy Tornado Cash shows that DeFi can’t escape regulation

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued sanctions against Tornado Cash this month, marking its first action against a decentralized finance (DeFi) mixer in what may prove to be a watershed moment for DeFi regulation.

16.08 / 17:27

Ethereum regulation Tether Usd Coin USDT market cap up by $2 billion following Tornado Cash debacle

The market capitalization of Tether (USDT) tokens has increased by nearly $2 billion since the U.S. Treasury Department imposed sanctions on cryptocurrency mixer Tornado Cash.

16.08 / 15:29

cryptocurrency crypto news Losses From Crypto Heists Surged 60% To $1.9 Billion In Jan-July: Report

Losses from crypto hacks surged 60% to $1.9 billion in Jan-July: Report

16.08 / 06:19

business regulation Banks remittances Premium Korean regulators investigate banks over $6.5B tied to Kimchi premium

South Korean banks are being investigated for their role in facilitating $6.5 billion in suspicious overseas remittances which have been tied to companies arbitraging cryptocurrency.

15.08 / 08:27

Blockchain Adoption interview DLT Celestia Celestia: Launching a blockchain to be as easy as deploying a smart contract

Developers and communities will be able to deploy their own sovereign, custom-made blockchains at the “click of a button” says Celestia co-founder Ismail Khoffi.

14.08 / 06:55

business cryptocurrency crypto news Bitcoin Cryptocurrency Prices Today August 14: Bitcoin up, Cardano biggest gainer

Cryptocurrencies traded in the green early on August 14. The global crypto market cap stood at $1.18 trillion, a 0.73 percent increase over yesterday. The total crypto market volume over the last 24 hours reached $56.85 billion, down 13.01 percent.

12.08 / 14:05

Blockchain Law Ethereum Police Tornado Cash dutch Dutch authorities arrest suspected Tornado Cash developer

Authorities in the Netherlands have arrested a developer that is suspected to be involved in money laundering through the crypto mixing service Tornado Cash.

11.08 / 23:19

Blockchain Hackers Cybersecurity security Cross-chains in the crosshairs: Hacks call for better defense mechanisms

2022 has been a lucrative year for hackers preying on the nascent Web3 and decentralized finance (DeFi) spaces, with more than $2 billion worth of cryptocurrency fleeced in several high-profile hacks to date. Cross-chain protocols have been particularly hard hit, with Axie Infinity’s $650 million Ronin Bridge hack accounting for a significant portion of stolen funds this year.

11.08 / 16:47

Government Blockchain Adoption information Web3 helps Taiwan secure information against cyberattacks

The Taiwanese Ministry of Digital Affairs (MODA) plans to implement decentralized technology into its web portal in an effort against cyberattacks. InterPlanetary File System (IPFS) is a Web3 technology that government officials will employ for decentralized file sharing.

11.08 / 05:55

Blockchain Technology crimes Cybercrime Cross-Chain Cross-chain bridge RenBridge laundered $540M in hacking proceeds: Elliptic

Cross-chain bridges have been the target of more than a few hacks this year, but new data from blockchain analytics provider Elliptic alleges one has been used to launder over half a billion dollars in ill-gotten crypto assets.

11.08 / 04:45

Blockchain Adoption NFT Developers Truly decentralized Web3 needs more developers: Animoca co-founder

Animoca Brands co-founder and chairman Yat Siu has urged for more developers to enter the Web3 space, warning that without “choice” there can be no “decentralized environment.”

10.08 / 16:25

markets Stablecoin coinbase Ban TORN price sinks 45% after U.S. Treasury sanctions Tornado Cash — rebound ahead?

Tornado Cash (TORN) has lost almost half its market valuation two days after being slapped with sanctions by the U.S. Treasury Department.

09.08 / 20:25

Blockchain regulation privacy debate Alchemy and Infura block access to Tornado Cash as Vitalik Buterin weighs in on debate

According to Twitter user @0xdev0, on Monday, Web 3.0 development platform Alchemy and Infura.io blocked remote procedure call (RPC) requests to cryptocurrency mixer Tornado Cash, preventing users from accessing the applications. The day prior, the U.S. Treasury placed 44 smart contract addresses linked to Tornado Cash in the Specially Designated Nationals and Blocked Persons (SDN) list. U.S. persons and entities are prohibited with blockchain or business interactions with Tornado Cash under such sanctions, with the possibility of criminal liabilities for violations.

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