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SIM Swaps, Other Crypto-related Crimes Set to Rise in South Korea, Says SK


  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...

Meta Launches Metaverse Digital Clothing Store


Meta announced that it was launching a designer digital clothing store that will allow users to purchase pieces of clothing for their avatars in its metaverse. The company believes that clothing and other accessories will become an important part of the users’ identity expression and that...

Class-Action Lawsuit Accuses Terraform Labs of Misleading Investors


Following the Terra stablecoin depegging incident, a class-action lawsuit has been filed against the company Terraform Labs and a number of other crypto companies over the collapse of terrausd (UST). The case against Terraform Labs (TFL) was filed by the plaintiff Nick Patterson on behalf of others...

Bank of Kyrgyzstan Issues Warning About Cryptocurrencies, Crypto Payments


Amid the growing popularity of cryptocurrencies in Kyrgyzstan, the country’s central bank has reminded citizens about the risks associated with the digital assets. The monetary authority also warned that crypto payments are illegal in the Kyrgyz Republic. National Bank of Kyrgyzstan Urges...

Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks


Huobi, a leading cryptocurrency exchange, has announced the creation of a new investment arm to tackle decentralized finance and Web3 projects. Ivy Blocks, as it was named by the exchange, will focus on finding projects in seed stages to aid them via financing and other supporting services with...

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