South Korea Financial News

15.03 / 21:15

Provident South Korea Invests in Metaverse Fund for Economic Growth

South Korea has been making significant investments in the metaverse, seeing it as a potential new economic growth engine. The country's Ministry of Science and ICT recently announced a major investment in a fund dedicated to driving metaverse initiatives, with the goal of supporting the mergers and acquisitions of various firms in the metaverse ecosystem and helping domestic metaverse-related companies compete with global players.

15.03 / 05:43

Blockchain UPS Ethereum Provident Digital CEO Platform Power Time services Wemade announces Partnership with Space and Time to Power Blockchain and Gaming Services

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

14.03 / 22:39

TerraUSD Terra US Authorities Probe Jump Trading and Jane Street Conversations About TerraUSD Bailout

The US Justice Department has probed the two major trading firms Jump Trading and Jane Street about plans for a potential bailout of the Terra network’s failed algorithmic stablecoin TerraUSD (UST).

14.03 / 14:05

Hack Seoul: Sanctions May Be Ineffective Against North Korea’s Crypto Hacks

North Korea’s crypto hacking campaign may be impervious to international sanctions, a South Korean government official has claimed.

14.03 / 03:53

business Blockchain Stablecoin SEC Fraud FBI FBI, NY authorities probes collapse of TerraUSD stablecoin: Report

The United States Justice Department is reportedly investigating the collapse of the TerraClassicUSD (USTC) stablecoin which contributed to a $40 billion wipe out in the Terra ecosystem last May.

14.03 / 02:09

Blockchain SEC Telegram Mobile Southern WSJ Luna Department US Justice Department is reportedly investigating TerraUSD (UST) collapse

The United States Justice Department is reportedly investigating the collapse of the once-leading algo-stablecoin – TerraUSD (UST). According to a report by Wall Street Journal, the Federal Bureau of Investigation (FBI) and the Southern District of New York (SDNY) have started to probe UST’s collapse.

12.03 / 14:03

business Adoption Funding Metaverse Financial Systems South Korea launches Metaverse Fund to expedite domestic initiatives

While some global economies got distracted by the commotion around price instability and ecosystem collapses in crypto, South Korea doubled down on the potential of the metaverse as a new economic growth engine.

10.03 / 17:33

Provident Coinone Platform Crypto Exchange S Korean Regulator Launches Crypto Trading Platform Probe – Which Exchanges Are Involved?

South Korea’s top financial regulator, the Financial Services Commission (FSC), has begun a “comprehensive inspection” of the nation’s crypto exchanges.

09.03 / 18:43

Provident Google Platform Enterprise Meta Platforms Support South Korea commits $51M to support metaverse development

South Korea has recently announced a significant investment of 27.7 billion Korean won (US$21 million) into local services that aim to utilize the metaverse.

08.03 / 14:07

Drugs Police South Korean Police Arrest Girl Aged 14 for Buying Crystal Meth with Crypto

A 14-year-old South Korean girl has been arrested on suspicion of using cryptoassets to buy methamphetamine (crystal meth).

07.03 / 18:11

Blockchain Target Platform Fighting Police Bitcoin South Korean Police Form New Crypto Scam-fighting Cybercrime Taskforce

South Korean police have announced that they will launch a new crypto scam-busting cybercrime taskforce.

07.03 / 15:39

regulation crimes South Korea saw over $4B in unregistered crypto transactions in 2022

In 2022, the citizens of South Korea transacted $4.3 billion (5.6 trillion Korean won) through 'illegal' crypto exchanges, according to local sources. The country’s government has been especially attentive toward such money movement amid the tightening regime of licensing.

07.03 / 13:15

TerraUSD Terra Luna Terra fugitive Singapore Police Launch Investigation into Crypto Fugitive Do Kwon and Terraform Labs – Where is He?

Singapore authorities have launched a probe into Do Kwon's Terraform Labs, the entity that developed the now-collapsed TerraUSD stablecoin.

06.03 / 19:13

LUNC Luna Classic Support Terra Luna Classic Price Prediction as LUNC Bounces From Support – Can LUNC Keep Going Higher?

Last Friday’s crypto market dip on Silvergate Bank concerns weighed heavily on Luna Classic (LUNC), the cryptocurrency that powers the original but not largely defunct Terra blockchain ecosystem. After dipping more than 10% on Friday from near $0.00017 to around $0.00015, the cryptocurrency has since eased a little lower to stabilize in the mid-$0.00014s. Price predictions thus remains somewhat downbeat.

06.03 / 17:23

Ethereum Provident BTC Binance XRP Bitcoin Bitcoin price rise week Crypto users 45% of S Korean Crypto Users Predict a Bitcoin Price Rise This Week

Almost half of South Korean crypto holders think Bitcoin (BTC) prices will rise this week, a survey has found.

06.03 / 14:51

defi regulation Police investigation Terraform Labs Terra Terraform Labs co-founder Do Kwon gets probed by Singaporean authorities

Local authorities in Singapore announced they had begun a probe that is connected to Do Kwon’s Terraform Labs.

04.03 / 16:37

Twitter Binance CEO Platform Action South Korean company Steemhunt accuses Binance of intellectual theft

South Korean blockchain-based community platform Steemhunt has accused Binance of intellectual theft. Steemhunt claims that Binance stole its Chatcasso product idea in order to launch the exchange’s AI-based NFT product, Bicasso.

28.02 / 13:43

Upbit Crypto Exchange Upbit Operator Denies it Wants to Buy a Securities Firm

Dunamu, the operator of Upbit, South Korea’s biggest crypto exchange, has denied it is poised to buy a securities company – and says it is instead eyeing non-fungible token (NFT) expansion.

24.02 / 18:33

regulation Staking Crypto Staking services South Korean Regulator Is Probing Crypto Staking Services

A top South Korean financial regulator has launched a probe into domestic crypto staking services. And crypto exchanges are concerned this means new staking-related regulations could be incoming.

24.02 / 14:09

Blockchain Provident Binance Strategy Binance faces turbulence in South Korea, how did BNB react?

According to South Korean news outlet Chosun, Binance [BNB] acquired a 50% stake in Gopax, a native crypto exchange, on 23 February. This is part of Binance’s strategy to gain a foothold into South Korea. In addition, Leon Gong, the former Asian Pacific representative of Binance recently took over as Gopax’s new CEO.

24.02 / 13:33

SEC Terra SEC Filing ‘May Help South Korean’s Prosecutors’ Do Kwon Case’ – Report

The US Securities and Exchange Commission (SEC)’s legal filing against Terraform Labs and its CEO Do Kwon “could help South Korean prosecutors’ case against Kwon,” a report has claimed.

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