North Korea Financial News

06.04 / 09:11

business exchanges Webtoon platform Kakao Piccoma buys 50% of Japan's Sakura Exchange

Kakao Piccoma, a Japanese digital comics' subscription service and subsidiary of the Korean internet company Kakao, has purchased a 50% controlling stake in the Japanese cryptocurrency exchange, Sakura Exchange Bitcoin (SEBC).

03.04 / 18:03

Blockchain cryptocurrency Hacking Bitcoin From Ronin to Mt.Gox: These are crypto's biggest hacks and heists since Bitcoin was created in 2008

Hackers stole cryptocurrency worth almost $615 million (€557 million) from a blockchain project linked to the popular online game Axie Infinity it was announced this week, the latest in a series of high-profile cyberheists to hit the digital asset sector in recent years.

03.04 / 11:09

Ukraine war: Explosions heard in Odesa as Russia appears to shift focus south and east

Two loud explosions were overheard in the southern Ukrainian port city of Odesa on Sunday with black smoke seen rising from an industrial area.

25.03 / 09:05

regulation FATF Upbit compliance Korean crypto exchanges are now in compliance with the Travel Rule

South Korean crypto exchanges have reached the government-mandated deadline to come into compliance with the so-called Travel Rule, but not all industry players are pleased with the measure.

24.03 / 20:05

Adoption Energy Bitcoin Senior Russian MP Suggests Trading Gas and Oil for Bitcoin

A senior Russian politician has suggested turning to bitcoin (BTC) as an alternative to the USD in international energy exports and trade deals.

24.03 / 13:01

Ethereum Legal Prosecutors: Ethereum Foundation Knew About Virgil Griffith’s North Korea Intentions

American prosecutors have told a court that the Ethereum Foundation, the body that governs the Ethereum (ETH) blockchain network, “initially indulged” the foundation’s Virgil Griffith – the man whom the FBI says “illegally engaged” with North Korea in 2019.

23.03 / 04:37

regulation Exchange Upbit S Korean Market Regulator Wants to Label Upbit, Bithumb ‘Large Conglomerates’

South Korea’s biggest crypto exchanges are set to be regulated by the nation’s conglomerates regulator – a sign they have grown from relative obscurity into mega-companies in the space of just a few years. But the regulatory move would also ramp up scrutiny on what is already a heavily policed industry.

19.03 / 15:01

Technology Military Russia's new Ukraine weapon: What is a hypersonic missile?

The Russian army said on Saturday that it fired hypersonic missiles in Ukraine, the first known use of the new weapon system in a combat environment.

17.03 / 05:49

Art Investing DAO DAO Snaps up South Korean Cultural Treasure that Dates Back to Antiquity

A decentralized autonomous organization (DAO) has bought a South Korean national treasure – in what represents a remarkable first for the nation’s culture and crypto sectors.

16.03 / 13:09

Blockchain ICO Cryptocurrencies Nikkei boost Incoming South Korean President to Boost Crypto Adoption by Zero-Taxing Gains

Upon taking office in May, South Korean President-elect Yoon Suk-yeol vowed to zero tax crypto trading gains not exceeding 50 million won, approximately $40,000 similar to stock gains, according to Nikkei.

14.03 / 09:55

NFT inflation week Crypto Week at a Glance: World moves towards crypto regulations amid volatility

Bitcoin reached its highest at $42,000 on March 9th when US President Joe Biden signed the executive order. It is trading above $39,000 with dominance of nearly 42 per cent over the past day. The second-largest cryptocurrency, Ethereum, meanwhile, is trading at US$2,500. The fluctuations in the market may continue the next week too, due to the inflation due to war.

10.03 / 10:25

Adoption regulation Bitcoin surges Crypto-friendly Yoon Suk-yeol wins Sth Korean presidency, ICX surges 60%

Conservative South Korean presidential candidate Yoon Suk-yeol has officially been elected as South Korea’s next president.

05.03 / 08:31

Progressive Extreme Action UAE is placed on money laundering watchdog's 'gray list'

An intergovernmental organization dedicated to combating money laundering and illicit cash flows on Friday placed the United Arab Emirates on its «gray list» over concerns that the Gulf country isn't sufficiently stemming illegal financial activities.

04.03 / 19:39

Action UAE set to be put on money laundering watchdog's 'gray list,' report says

DUBAI, United Arab Emirates — The Financial Action Task Force, an intergovernmental organization dedicated to combatting money laundering and illicit cash flows, is set to put the United Arab Emirates on its «gray list» over concerns that the Gulf country isn't sufficiently stemming illegal financial activities.

04.03 / 17:36

Blockchain Metaverse Cointelegraph NFT Korean blockchain experts seek the government's help for digital asset market

The Korea Digital Asset Industry Committee comprising of leading Blockchain experts in South Korea has called for the formation of a government committee dedicated to helping and advancing digital asset businesses in the country.

04.03 / 15:44

defi wallet MetaMask debate Decentralization Debate Heats Up Again as MetaMask, OpenSea Block Users

The crypto community has once again been thrown into a debate about the urgent need for more decentralization after both the non-fungible token (NFT) marketplace OpenSea and Ethereum (ETH) wallet MetaMask recently blocked users based on their geographic location.

04.03 / 04:27

us government debate Updates OpenSea updates banned countries list sparking decentralization debate

U.S.-based NFT marketplace OpenSea has reportedly begun barring Iranian users from its platform, sparking outrage from NFT collectors and raising fresh debate about decentralization in the crypto space.

02.03 / 21:17

Government Mark Warner lawmakers US lawmakers US lawmakers and Fed chair push for crypto regulation in wake of Russia sanctions

Federal Reserve Chair Pro Tempore Jerome Powell and some members of the U.S. House of Representatives called for congressional action on crypto in response to discussions about Russia potentially evading sanctions.

02.03 / 12:51

Binance coinbase Gaming Kraken Animoca Bans Russian Users; Revolut CEO Condemns War, Matches Donations

Animoca Brands, a digital entertainment company that develops and publishes a wide portfolio of blockchain games, traditional games, and other products, has banned all Russian customers from its services in response to the country's invasion of Ukraine.

01.03 / 17:57

Western Sanctions Bite Russian Economy, But Pose Unpredictable Risks

The conventional wisdom until last week was that sanctions had limited influence on a nation state, especially one as large as Russia. That wisdom may need to be revisited.

01.03 / 13:27

business regulation Taxes South Korean crypto market grows to $45.9B in 2021 despite strict regulations

South Korea’s crypto market grew to 55 trillion Won ($45.9 billion) by the end of 2021, as per a new study from the country’s chief financial regulator, the Financial Service Commission.

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