Cryptocurrency Analysis and News Portal
The volume of transactions in the South Korean digital currency market briefly exceeded the daily average transaction amount of the country’s stock market on Sunday.According to data from CoinMarketCap, the combined 24-hour volume of major South Korea-based crypto exchanges UPbit, Bithumb, Coinone, and Korbit was more than $14.6 billion on
Read More
South Korean cryptocurrency exchange Bithumb is toughening its approach to Anti-Money Laundering enforcement with a series of new measures that include trading restrictions, stronger Know Your Customer checks, and specialized blockchain intelligence solutions.The popular exchange, which has an estimated average of 1 million daily users and a daily transaction volume
Read More
On Wednesday, the U.S. Department of Justice announced charges against three North Korean operatives. Making the announcement, Assistant Attorney General John C. Demers condemned the North Korean program, the most famous branch of which is Lazarus Group. Demers said:"North Korea’s operatives, using keyboards rather than guns, stealing digital wallets of cryptocurrency
Read More
The U.S. Department of Justice (DOJ) has charged three North Korean computer programmers with theft and extortion on various allegations, including stealing over $100 million in cryptocurrencies between 2017 and 2020. The thefts are part of a broader conspiracy that saw the alleged hackers steal over $1.3 billion, the DOJ
Read More
In this episode, Anna Baydakova and Danny Nelson discuss North Korea reportedly stealing your crypto to create nuclear weapons, Tesla rattling markets at an opportune time and Nigeria trying to ban crypto. Starting Feb. 12, in the Chinese calendar, we are in the year of the ox, or bull; at
Read More
Hashed, one of South Korea’s largest crypto asset fund managers, has raised $120 million to fund new blockchain ventures in the so-called “protocol economy.”The funds were raised via Hashed Ventures Inc., a new entity that will oversee the deployment of the nine-figure investment. The company has yet to disclose its
Read More
South Korea’s Financial Services Commission (FSC) is seeking legal amendments that would make it mandatory for virtual asset service providers (VASPs) within the country to report the names of their customers.According to a press release from the financial watchdog on Wednesday, a proposed update to the Act on Reporting and
Read More
According to a Nov. 3 announcement from South Korea’s Financial Services Commission, or FSC, virtual asset service providers within the country will no longer be able to handle any digital assets that present a high money laundering risk. These updates were made as part of the guidelines under the Special
Read MoreThe South Korean telecom giant SK Telecom has announced it will issue its first digital wallet for blockchain-powered digital certificate storage and management with the approval of the Ministry of Public Administration and Security.According to NewsTomato, SK’s Wallet is compatible with the ministry’s own Government24 digital certificate initiative, which promotes
Read More
You’re going to have to wait a little longer for the liquidity mining–powered savings account from Korean stablecoin maker Terra. The savings account’s returns will be based on various proof-of-stake currencies, plus additional yield over the first five years in the form of its growth token. The system is called Anchor
Read More