Cryptocurrency Analysis and News Portal
North Korean hackers stole almost $400 million worth of digital assets from crypto platforms last year, mostly in the form of ether, according to a Chainalysis report published on Thursday.For the first time, ether accounted for most – 58% – of the stolen funds, according to the report. It
Read More
North Korean crypto hackers siphoned off nearly $400 million in crypto through cyber attacks in 2021 according to new data from Chainalysis.The type of crypto stolen has also seen a sea change according to the Jan. 13 report from the blockchain analytics firm. In 2017, BTC accounted for nearly all
Read More
Democratic Party (DP) presidential candidate Lee Jae-myung prepares to use nonfungible tokens to raise funds for his campaign. The party will issue NFTs to those who donate money for the campaign for the upcoming presidential elections. The NFTs will contain images of the candidate and his pledges. In an interview with
Read More
Lee Kwang-jae, a South Korean lawmaker, recently stated that he will be accepting cryptocurrency donations starting mid-January 2022. According to the politician, this plan represents his attempt to raise awareness about cryptocurrencies and non-fungible tokens among South Koreans. Donations to Be Converted Into Korean Won A Korean lawmaker, Lee Kwang-jae, has
Read More
Major South Korean crypto exchanges including Upbit, Bithumb and Korbit will follow Coinone's lead in banning transfers to non-verified wallets, industry analysts say. Yesterday Coinone announced that it would reject deposits from unverified private wallets starting Jan. 24 to reduce the risk of money laundering. All Korean exchanges, including Upbit, Bithumb,
Read More
The South Korean government has moved to block the release of new play-to-earn (P2E) games and requested that existing ones be removed from Google Play and Apple’s App Store.P2E gaming has become popular in the cryptocurrency industry. Gamers typically must first purchase game pieces as nonfungible tokens (NFT) in order
Read More
Lambda265, the blockchain arm of South Korean crypto exchange operator Dunamu, closed a $60 million (KRW 71 billion) Series B, bringing its valuation to $300 million, according to a Wednesday press release.The firm will use the funds to invest in its blockchain-as-a-service (BaaS) products, which are used by 3,300 corporate
Read More
Public officials in South Korea are increasingly choosing career opportunities in the cryptocurrency sector. Some of them come from financial authorities which raises ethical questions, according to the findings of a Korean lawmaker, quoted by local media. Former Financial Officials Hired by Major Korean Exchanges A growing number of officials in
Read More
South Korea’s National Tax Service (NTS) recently launched an intensive tax investigation into blockchain and crypto venture capital firm Hashed, while its CEO denies any involvement in slush fund raising or tax evasion, according to local media reports. Fast facts Hashed confirmed that it had cooperated with the 4th Bureau of Investigation
Read More
South Korean crypto investment firm Hashed is being investigated by Seoul tax authorities, CoinDesk Korea reported on Tuesday.The 4th Bureau of Investigation of Seoul’s Regional Tax office, which is handling Hashed’s case, is responsible for cases of tax evasion and fraud, according to the report. The reason for the audit
Read More