Cryptocurrency Analysis and News Portal
"We need to make exchanges play their proper role, and toward that end it is crucial for watchdogs to supervise them thoroughly," Rep. Sung Il-jong of the ruling People Power Party said. "When exchanges violate rules, they should be held legally responsible to ensure that the market functions well without
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Crypto exchanges in South Korea have been issued notices from police requesting the sequestering of funds related to the Luna Foundation Guard. On May 23rd, 2022, Korean authorities sent a request to the top crypto exchanges in the country to prevent funds from being withdrawn. Specifically, the Seoul Metropolitan Police Agency
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A report commissioned by South Korea’s federal government recommends the domestic crypto industry adopt a licensing system for exchanges and token issuers as a way of protecting investors.The report issued by the Financial Services Commission (FSC) to the National Assembly, the country’s legislature, also calls for new regulations to mitigate
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South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchanges to provide information relating to transactions and investors of the two coins. South Korea’s Emergency Investigation Into LUNA, UST South Korea has launched an “emergency” investigation
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South Korea’s newly-elected president Yoon Seok-yeol announced Tuesday he would push to defer taxation on crypto investment gains at least until a new set of regulations called the Digital Asset Basic Act is enacted.South Korea’s crypto tax was initially set to come into effect for the 2022 fiscal year, but
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South Korean law enforcement recently announced the arrest of a serving military captain and an operator of a cryptocurrency exchange on charges of spying for a North Korean hacker. In return for the acts of espionage, the two South Korean individuals were allegedly paid bitcoins worth a total of $637,789.
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Okay Bears, a Solana-powered NFT, managed to top OpenSea’s 24-hour sales tracker for the first time earlier today, beating out all other Ethereum (ETH) projects on offer. It’s the first time a Solana (SOL) NFT project has reached the top spot in popular NFT marketplace OpenSea’s 24-hour sales tracker. .@okaybears
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Solana depreciated by almost 6% over the last 24 hours as the broader market started to get choppy. Bitcoin was seen trading below the $40,000 mark while Ethereum broke the support level of $3,000. The global market currency cap stood at $1.94 Trillion after a fall of 6% over the past
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Simultaneously, Sooho.io announced a partnership with Lambda256, a subsidiary of South Korea's top cryptocurrency exchange by volume, Upbit. Lambda256 – which offers blockchain-as-a-service products – will use Sooho.io's Kleva and smart contract expertise to launch a decentralized finance (DeFi) ecosystem, according to the press release. Source
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An announcement by South Korea’s Ministry of Culture, Sports and Tourism appeared to fulfill incoming President Yoon Suk-yeol’s pledge to bolster the metaverse ecosystem after saying it will adopt a non-fungible token (NFT) copyright policy. Supporting the Metaverse Ecosystem The South Korean government appeared to fulfill president-elect Yoon Suk-yeol’s campaign pledge
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