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South Korean Hana Bank enters crypto custody business with BitGo

One of the largest South Korean banks, Korea Exchange Bank (KEB Hana Bank), is moving to offer digital asset custody services through a new partnership with major cryptocurrency custody firm BitGo Trust Company.KEB Hana Bank has signed a strategic business agreement with BitGo to jointly establish digital asset custody in

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South Korean parliament rejects motion to expel lawmaker over crypto scandal

South Korea’s parliamentary ethics subcommittee has voted down a motion to expel Kim Nam-kuk, a former member of the main opposition Democratic Party.A parliamentary ethics subcommittee of South Korea has voted down a motion to expel Kim Nam-kuk, a former member of the main opposition Democratic Party (DP), the local

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South Korean city to seize crypto from thousands of tax evaders: Report

The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents.The administration of Cheongju has requested seven South Korean crypto exchanges to inquire into holdings of thousands of tax evaders, the local news agency Yonhap reported on

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North Korean hackers have stolen $2B of crypto since 2018: Report

North Korean hackers continue to threaten the broader cryptocurrency ecosystem, having stolen an estimated $2 billion of crypto over the past five years.Blockchain intelligence firm TRM Labs released its latest deep dive into the murky world of cryptocurrency-related hacking, focusing on the exploits of North Korean cybercriminals. According to TRM

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CoinsPaid claims North Korean hacking group used fake job interview to steal $37M

Estonia-based cryptocurrency payments firm CoinsPaid suspects North Korean hackers with the Lazarus Group gained access to its systems through fake recruiters targeting employees.In an Aug. 7 blog post, CoinsPaid said an exploit that allowed hackers to steal more than $37 million on July 22 was the result of tricking one

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Korean superconductor LK99 joins memecoin craze

Last month, a team of South Korean scientists claimed they engineered a superconducting material, dubbed LK-99, that works under ambient temperature and pressure. In layman's terms, the team allegedly created a material allowing electrical currents to flow without resistance or energy loss. Previously, such types of materials were only thought

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South Korean Exchange Upbit Surpasses Coinbase, OKX in July Trading Volume to Take No. 2 Spot for First Time

Upbit bucked the general market trend, witnessing a 42.3% increase in trading volume to $29.8 billion, pushing the exchange beto the second-largest platform by trading volume, after Binance. Coinbase was previously the second largest crypto exchange by trading volume. Source

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