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Major South Korean telecom company plans launch of blockchain wallet for crypto and NFTs
11.7.2022
In 2020, the company also launched a wallet for blockchain-powered digital certificate storage aimed at addressing certifications amid the COVID-19 pandemic
US and South Korea to Share Data on Crypto Cases, Including LUNA and UST Meltdown: Report
8.7.2022
The U.S. and South Korean governments have reportedly agreed to share data on ongoing crypto cases, including the case surrounding Terraform Labs CEO Do Kwon and the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). U.S. and South Korea to Share Data on Crypto Investigations...
South Korean MP Wants to Launch a Fund to Help Struggling Crypto Investors
8.7.2022
A South Korean politician wants the government to create a special fund to help crypto investors who have suffered losses in the markets – and says that crypto exchanges should foot the bill.
News1 reported that Kim Byung-wook, an MP for the opposition Democratic Party, told a group of blockchain...
Korea and US agree to share investigation data on Tera-Luna
6.7.2022
The two nations have agreed to share their investigation data on the ongoing crypto-related cases including Terra Luna
Dubai Is Preparing to Take Its Government to the Metaverse
4.7.2022
The Government of Dubai is preparing to make part of its offices available in the metaverse, according to reports. The country is currently seeking third parties to help it arrange the transition of some of its departments to the virtual world, per statements made at a metaverse event by Sharad...
Former Google CEO Eric Schmidt Is Skeptical About the Metaverse Concept
4.7.2022
Eric Schmidt, who was CEO of Google, has declared that there is confusion about the concept of the metaverse and what it means for people. Schmidt stated that, even with a company like the former Facebook pivoting its operations to occupy the metaverse market, there is still not a clear definition...
Media & Police Investigate Crypto Links as Family Found Dead in South Korean Sea
1.7.2022
Police in South Korea investigating the deaths of a 10-year-old child named Cho Yu-na and both of her parents have announced that the family had made numerous bitcoin (BTC) investments, but denied there was any evidence of luna classic (LUNAC) investments.
The bodies of the trio were found in...
South Korean Bankruptcy Court Warns of Coming Surge in Crypto-related Cases
1.7.2022
South Korean courts are bracing for a wave of crypto-related bankruptcies – and have created a “working rule” that will help them deal with cases involving individuals who have fallen foul of crypto investments gone wrong....
Read More: South Korean Bankruptcy Court Warns of Coming Surge...
Report Claims Samsung Is Producing 3nm ASIC Chips — Speculators Assume First Customer Is a Bitcoin Mining Rig Manufacturer
30.6.2022
The electronics giant and largest corporation in South Korea, Samsung, is in the midst of creating 3-nanometer (3nm) semiconductors for a Chinese application-specific IC firm, sources have said. The new chip design has caused speculation among the crypto community that it’s possible Samsung...
Neobank K-Bank May Have to Postpone IPO Plan as Crypto Winter Bites
29.6.2022
An up-and-coming South Korean bank appears to be suffering from the crypto market’s volatility – and may have to shelve its initial public offering (IPO) plans if crypto winter continues.
Per ENews Today, K-Bank, the banking partner of the market-leading crypto exchange Upbit, is “experiencing...
Crypto Exchange That Hosted a Scammer’s Wallet Is ‘Not Liable’ For Victim’s Losses, Court Rules
28.6.2022
A South Korean judge has ruled that a domestic crypto exchange is not liable for the actions of a voice phishing scam gang who transferred their victims’ coins onto its platform.
According to Newsis, an individual named only as 'B' for legal reasons claimed they had been the victim of...
Police Investigate Ethereum, Bitcoin Mining ‘Pool’ Following ‘Scam’ Allegations
27.6.2022
South Korean police are investigating allegations that a domestic bitcoin (BTC) and ethereum (ETH) crypto mining “pool” is a scam.
Per Yonhap and Asia Kyungjae, the Seoul Metropolitan Police Agency’s Financial Crimes Investigation Unit stated that it was conducting a probe into a pool named...
SIM Swaps, Other Crypto-related Crimes Set to Rise in South Korea, Says SK
24.6.2022
A South Korean telecommunications giant has claimed that SIM swap-type crypto attacks are on the rise in the country – and has predicted a rise in all crypto-related crime cases in the second half of 2022.
The claims were made by SK Shieldus, part of the SK Group, which owns SK Telecom – one...
South Korean Court Exonerates Bitcoiner Who Received BTC 200 by Mistake
21.6.2022
A bitcoin (BTC) wallet owner who received almost BTC 200 (USD 4.16m) by accident has been absolved of blame by a branch of the South Korean High Court, which overturned two previous rulings in doing so....
Read More: South Korean Court Exonerates Bitcoiner Who Received BTC 200 by Mistake
Terraform Officials Banned from Leaving South Korea as Do Kwon ‘May Apply for Singaporean Citizenship’
20.6.2022
South Korean prosecutors have banned an unspecified number of current and/or former Terraform Labs officials, including developers, from leaving the country.
KBS, the South Korean state broadcaster, reported that the identity of two of the number had been confirmed – and that both were former...
South Korean Government Calls for Voluntary Regulations From Crypto Industry
15.6.2022
The executive power and the ruling party in South Korea have urged the cryptocurrency industry for what officials describe as voluntary regulatory measures, a Korean media report revealed. The call was issued during a consultative meeting devoted to crypto assets. Government Asks South Korean...
New South Korean Regulatory Chief Promises More ‘Fairness’ for Crypto Investors
15.6.2022
The South Korean government and financial regulators appear keen to ensure that May’s Terra ecosystem crash – an event they have dubbed the “terra/LUNA incident” – will become a watershed moment for the crypto sector, with a slew of new regulations incoming. The new head of a leading regulatory...
Report: South Korean Crypto Exchanges to Create Body to Preempt Another Terra LUNA Type of Collapse
14.6.2022
Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to achieve its objectives by applying standards that are endorsed by the crypto exchanges. Screening...
Savings Bank Heavyweight OK Financial Group Reveals Cryptoasset Launch Plans
11.6.2022
South Korea’s OK Financial Group – one of the nation’s biggest moneylenders and savings banking services providers – has unveiled plans to create a cryptoasset. The company will become one of a growing cohort of firms that are hoping to launch tokens, and this appears to indicate that the days...
Solana price just one breakdown away from a 40% slide in June — here's why
10.6.2022
Network outages and decreasing smart contract reserves add further downside pressure to SOL price