South Korea Financial News

28.12 / 17:51

Ripple SEC Bithumb Researchers: Trust Will Return to Crypto Markets in 2023 – For These Reasons

Researchers at the South Korean crypto exchange Bithumb have predicted that trust will return to crypto markets next year – and have outlined three key reasons shaping their thinking.

28.12 / 08:55

regulation Scams Ponzi scheme Executives from $1.5B South Korean crypto exchange fraud jailed

Six executives from the $1.5 billion (2 trillion won) South Korean crypto exchange fraud V Global have received prison sentences up to eight years — but three were not detained so they could fight certain charges in court.

27.12 / 14:01

FIVE Platform Fraud Jail Top South Korean Scam Crypto Exchange Exec Given 8-year Jail Sentence

The top executive at a South Korean scam crypto exchange that duped over 50,000 investors out of a combined $1.7 billion will serve an eight-year jail sentence after a court found him guilty of fraud.

24.12 / 16:03

Hackers New Report: North Korea has Stolen In Excess of $1 Billion Worth of Crypto Assets

Hackers sponsored by the North Korean government have stolen over $1 billion worth of digital assets since 2017.

23.12 / 17:33

Target Platform security North Korea’s Crypto Hacking Efforts to Intensify in 2023, Warns Seoul

Intelligence chiefs south of the DMZ have warned that North Korea’s crypto hacking campaigns will likely intensify in the year ahead.

22.12 / 19:33

business Blockchain hacks North Korean hacking activity ceases after regulators implement KYC - Report

According to a new press report published by South Korea's National Intelligence Service (NIS), North Korean hackers have stolen more than 800 billion Korean won ($620 million) worth of cryptocurrencies from decentralized finance, or DeFi, platforms this year. The agency also revealed it blocked a daily average of 1.18 million attacks perpetrated by national and international hacking organizations in November.

22.12 / 19:07

Stablecoin coinbase Today in Crypto: Prepare for 'Pretty Long Crypto Winter', North Korea Stole $1.2B in Crypto in 5 Years, Malicious Hackers Returned $32.7M in 2022

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

22.12 / 13:53

Man Mobile Police Crypto-trading South Korean Soldier ‘Sold Fake Concert Tickets to Fuel Spending’

South Korean police have charged a man in his twenties with embezzlement and fraud – claiming that, during his military service, he fueled his crypto trading habits by selling bogus concert tickets online.

20.12 / 19:45

Binance Bitfinex Legal Bitcoin Today in Crypto: OKX Chain Launches Liquid Staking, South Korea Freezes $93.4M in Terra-related Assets, Central African Republic to List Sango in 2023

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

20.12 / 17:51

business Waves Stablecoin Dollar Waves founder announces new stablecoin as USDN depegs

Sasha Ivanov, founder and CEO of the Waves blockchain platform, is planning to launch a new stablecoin amid the ongoing crisis of the Waves-backed stablecoin, Neutrino USD (USDN).

20.12 / 17:07

Citi Provident CEO network OnePlanet NFT Marketplace Partners With MTDZ by Sandbox Network

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

20.12 / 17:07

Citizens Tax South Korean Tax Officials Have Seized Crypto from 5,741 People

South Korean tax authorities have seized crypto from 5,741 citizens since 2020. Tax officials say the citizens in question were guilty of tax evasion or defaulting on tax bills.

20.12 / 15:17

Law regulation South Korean court freezes $92M in assets related to Terra tokens

More than six months after the collapse of the Terra ecosystem, South Korean authorities continue to investigate and freeze the funds of persons involved in Terra.

20.12 / 14:15

Terraform Labs Terra Experts Explain Why Do Kwon May Be in Serbia

South Korean legal experts have been giving their thoughts on why the missing Terraform Labs co-founder Do Kwon may have chosen to take up residence in Serbia.

20.12 / 12:57

Blockchain Binance regulation Busan city drops global crypto exchanges from its digital exchange plans

Busan, the blockchain city of South Korea, has moved a step closer to forming a local crypto exchange, but it has dropped most of the global centralized exchange partners. The drastic decision comes in the wake of the recent colossal failure of centralized exchanges.

19.12 / 14:05

UPS BTC Bitcoin Expert Says Crypto Selloffs Will Accelerate if This One Thing Happens

A top researcher in Japan has predicted that crypto selloffs could gather speed if bitcoin (BTC) is unable to hold at the $17,000 mark for a significant period of time.

19.12 / 09:55

business Tezos Nifty News: Building bridges in the Metaverse, elaborate Apes scam and more

South Korea’s Gyeongbuk Province has announced plans to use Web3 technology to expand its economic relations with Vietnam.

16.12 / 14:43

Provident Telegram Software Hallmark North Korea ‘Distributing Virus-ridden Mycelium Wallet Clone on Telegram,’ Say Experts

Security firms say North Korea’s Lazarus group is distributing a virus-ridden Mycelium Wallet clone on Telegram channels – in a bid to compromise systems and steal crypto.

16.12 / 02:15

VISA regulation emi Crypto.com continues its worldwide registration push with Brazilian EMI license

Crypto.com has received a Payment Institution License (EMI) from Banco Central do Brasil, the central bank of Brazil. The license will allow it to “continue offering regulated fiat wallet services for customers in Brazil,” according to an announcement on the company’s website. Crypto.com has offered a Visa card in Brazil for purchases in cryptocurrency or fiat since last year.

14.12 / 21:39

Manufacturing Action U.S., Europe Need a Grand Bargain on Semiconductors and Electric Vehicles to Counter China

The U.S. and its allies agree they need to reduce their dependence on China. They also agree none can do so alone: No country is big enough to sustain an entire supply chain. Thus the frequent calls for “friend-shoring” among “like-minded partners.” At a meeting this week the U.S. and the European Union pledged “coordinated action to foster supply chain diversification (and) build resilience to economic coercion.”

14.12 / 13:59

Blockchain Citi Crypto Exchange end This City Wants to Launch a Crypto Exchange by the End of 2023 – Here’s How

Busan, South Korea, has revealed details of its plan to become the first city in the world to launch and operate a crypto exchange. The city says it hopes to welcome its first crypto-trading customers by the end of 2023.

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