Cryptocurrency Analysis and News Portal
The South Korean government has stated that the blockchain market represents a “golden opportunity” for the country. They are now calling for private sector companies throughout South Korea to exploit this potential.According to a report published on April 17 from Fn News, the Vice Minister of Strategy and Finance, Koo Yun-cheol,
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Two South Korean ministries have announced their support for the blockchain industry in the country with plans to allocate up to $3.2 million in funding to local startups to encourage the use of such technology.The Ministry of Science and ICT (Information and Communications Technology) and the Ministry of Information
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On March 10, major South Korean cryptocurrency exchange Bithumb announced it has partnered with crypto forensics firm Chainanylsis following the passing of new Korean crypto regulations.Bithumb will employ Chainalysis’s “Reactor” investigations tool to examine suspicious activity on its platform in a bid to comply with Korea’s recently amended Special
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The U.S. Treasury Department's Office of Foreign Asset Control has added 20 new bitcoin addresses associated with two individuals to its list of sanctioned individuals.According to an update to OFAC's "Specially Designated Nationals" (SDN) list, Jiadong Li and Yinyin Tian are accused of being linked to the Lazarus Group, a
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Officials in Daegu suspect hundreds of additional coronavirus cases could be confirmed in the days to come. Over 400 people from the Shincheonji Church are showing symptoms of the virus. The outbreak started with a single individual at the church. South Korea has become the most infected country by
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An $8 million ICO project is shutting down, citing regulatory uncertainty and difficulties in onboarding new users.Content-sharing platform Contents Protocol announced Wednesday that following numerous attempts to turn its business into a success, the firm is closing down and refunding investors as much as $7.5 million-worth of the ether (ETH)
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North Korea’s internet use saw a 300% surge over the past three years, as the country’s regime has continued to rely on cryptocurrencies for various activities.Exploitation of crypto and blockchain technology is among the primary tactics for the country to generate revenue as well as transfer and use illicitly
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A South Korean crypto YouTuber has been assaulted at his home, with some suggesting the attackers may have been upset investors. Kyu-hoon "Spunky" Hwang was beaten in an elevator in his apartment block at around 01:00 local time on Friday, according to CoinDesk Korea. Seoul's Seongdong police station said that
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A cybersecurity firm has warned cryptocurrency users to expect more attacks from North Korea, as its hackers develop "enhanced capabilities" to deliver malware through popular messaging app Telegram.Moscow-based Kaspersky Labs has been analysing new attacks from the Lazarus Group, a cybercrime group with links to North Korea, to determine how
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The Lazarus hacker group, which is allegedly sponsored by the North Korean government, has deployed new viruses to steal cryptocurrency.Major cybersecurity firm Kaspersky reported on Jan. 8 that Lazarus has doubled down its efforts to infect both Mac and Windows users’ computers.The group had been using a modified open-source
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