Crypto Friendly Xapo Bank Expands to India, Rest of South Asia
Xapo's CEO said the move "is in line with the positive shifts we are witnessing in Asia’s evolving crypto landscape." Original Source
Read More
South
South Korean Crypto Yield Firm Haru Invest Fires More Than 100 Employees: Report
Earlier this month, Haru Invest halted withdrawals and deposits. Source
Read More
Do Kwon to Remain in Jail While Montenegro Courts Consider South Korea Extradition: Report
In March, the South Korean national was arrested in Montenegro over the alleged possession of falsified documents along with fellow Terra executive Han Chang-Joon. South Korean officials were already searching for Kwon, and following his arrest, the country requested Kwon's extradition, as did the U.S. Kwon also faces possible jail
Read More
South Korean Bitcoin lending platform Delio pauses withdrawals
Delio, a virtual asset manager and lending platform based in South Korea, has announced the temporary suspension of customer withdrawals “in order to safely protect the assets of customers currently in custody.”The company made the decision in response to the recent suspension of digital asset deposits and withdrawals at Haru
Read More
South Korean Crypto Yield Platform Haru Invest Pauses Withdrawals and Deposits
The firm blamed the pause on a “certain issue” with one of its service partners, and said it is working on a contingency plan, according to a blog update. Original Source
Read More
OpenAI CEO highlights South Korean chips sector for AI growth, investment
Sam Altman, ChatGPT-maker and CEO of OpenAI, who met with South Korean President Yoon Suk Yeol on June 9, urged South Korea to play a leading role in making the chips needed for artificial intelligence (AI) technology while expressing interest to invest in Korean startups and collaborate with bigger chipmakers
Read More
Do Kwon to face multiple jail terms in South Korea and US
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The chief prosecutor in South Korea, leading the case against Terraform Labs CEO Do Kwon, indicated that he might face multiple terms in his home country and the United States. Kwon was recently granted a bail petition
Read More
Do Kwon could serve prison in both US and South Korea, prosecutor says
Terraform Labs co-founder and CEO Do Kwon may be subject to multiple sentences in the United States and South Korea, according to a senior South Korean prosecutor heading the investigation.It is understood that Kwon is currently serving house bail in Montenegro after having his bail proposal granted by a Montenegro court on
Read More
South Korea Regulator Delays Binance Acquisition of Gopax Due to SEC Lawsuit
While Binance saw the acquisition of Gopax as a means of re-entering South Korea, it was also meant to be a turning point for the local trading platform. The SEC’s lawsuit against Binance has started affecting the company’s operations, particularly its acquisition of Gopax in South Korea. The US Securities and
Read More
SEC lawsuit against Binance stalls Gopax acquisition deal in South Korea
The United States Securities and Exchange Commission’s (SEC) lawsuit against Binance could damage the crypto exchange’s business opportunities in South Korea.A report published in a South Korean daily suggests that the Financial Service Committee (FSC) — the country’s financial watchdog — is reviewing Binance’s acquisition of local crypto trading platform Gopax.
Read More