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Terra founder gets bail, institutional adoption surges, regulatory efforts endure | Weekly Recap
The crypto space witnessed an eventful week with several key developments. Authorities in Montenegro agreed to release Kwon Do-Hyung, founder of the failed Terra ecosystem, on bail despite the US and South Korea calling for his extradition. Meanwhile, institutional adoption… дальше »
2023-5-15 18:43 | |
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South Korea’s LG Electronics Files For NFT-Trading TV Patent
A recent report published on WIPO’s global database for intellectual property disclosed LG Electronics’ application to acquire an NFT trading patent for its Smart TV. Notably, the WIPO guide states that a filing application can only be published after 18 months. дальше »
2023-5-13 16:35 | |
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Do Kwon Pleads Not Guilty to Passport Fraud in Montenegro
The troubled co-founder of Terraform Labs responds with a plea of not guilty to new charges, this time in relation to alleged passport fraud in Montenegro. He also faces more serious charges in the United States and his home of South Korea. дальше »
2023-5-12 20:20 | |
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South Korea sets trail date for Terraform Labs co-founder Daniel Shin
The trial for Terraform Labs co-founder Shin Hyun-seung will begin in Seoul on 26 May. Local authorities have claimed that Shin's involvement in the suspected fraud was bigger than that of Do KThe post South Korea sets trail date for Terraform Labs co-founder Daniel Shin appeared first on AMBCrypto. дальше »
2023-5-11 15:00 | |
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South Korea sets trial date for Terraform Labs co-founder over Terra Luna collapse
Terraform Labs co-founder Shin Hyun-seung and seven other associates are set to face trial on May 26 over fraud charges related to the collapse of the Terra-Luna stablecoin and crypto project in May 2022. дальше »
2023-5-11 13:54 | |
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South Korean lawmaker allegedly cashed out while legislating on crypto: Report
National Assembly member Kim Nam-kuk had authority in handling laws related to digital assets in South Korea, reportedly backing a bill proposing a 20% crypto gains tax be deferred. дальше »
2023-5-9 22:00 | |
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South Korean Lawmaker Under Scrutiny over Suspicious Crypto Transfers
Coinspeaker South Korean Lawmaker Under Scrutiny over Suspicious Crypto Transfers Rep. Kim Nam-kuk of the Democratic Party of Korea has allegedly withdrawn a massive 800,000 WEMIX tokens in the period between late February to early March 2022, just before the introduction of the global standard-setter FATF's travel rule on March 25, 2022. дальше »
2023-5-8 15:24 | |
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Terraform Labs Co-Founder Do Kwon Could Be Thrown In Jail For 40 Years In South Korea
Do Kwon, co-founder and former CEO of now-defunct Terraform Labs, is facing a jail term of up to 40 years in South Korea, the country where he committed most of his crimes. The prosecutor overseeing Kwon’s probe believes that the repatriation of the South Korean national would be the best way to serve justice to […] дальше »
2023-5-7 15:22 | |
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Elizabeth Warren calls crypto ‘method of choice’ for sanction evasion
Senator Elizabeth Warren testified before the Senate Armed Services Committee on May 4, where she emphasized crypto’s use in crime and sanctions evasion. Russia, North Korea’s crypto use in 2022 During her testimony, Warren said: “Cryptocurrency is now the method of choice for countries to evade sanctions so that they can fund weapons programs support […] The post Elizabeth Warren calls crypto ‘method of choice’ for sanction evasion appeared first on CryptoSlate. дальше »
2023-5-6 23:14 | |
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South Korea and US face off over Do Kwon’s extradition
Reports indicate that South Korean prosecutors are adamant that charging Do Kwon in his home country is the best way to serve justice to Terra network victims дальше »
2023-5-5 20:13 | |
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Thriving Metaverse Landscape in South Korea
A new report on the growth of the Metaverse in South Korea highlights the burgeoning interest in the metaverse within the country. As the industry continues to grow, this report provides valuable insights into the size, trends, and dynamics of the South Korean metaverse market. дальше »
2023-5-5 17:58 | |
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Real-World Assets Lending Protocol Under Development in Korea
Asset tokenization grows in South Korea as banks seek safer ways to engage with crypto. The post Real-World Assets Lending Protocol Under Development in Korea appeared first on BeInCrypto. дальше »
2023-5-4 13:26 | |
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North Korean Bank Official Faces Federal Indictments on Crypto Laundering Charges
Coinspeaker North Korean Bank Official Faces Federal Indictments on Crypto Laundering Charges The indictments present a broader pattern of North Korean users leveraging virtual private networks (VPNs) as well as virtual digital assets to redirect revenues to North Korea. дальше »
2023-4-26 12:27 | |
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Terraform Labs co-founder indicted in South Korea
Daniel Shin, co-founder of Terraform Labs, is among ten individuals charged in South Korea, as legal repercussions from the Terra crisis continue to unfold across multiple countries. дальше »
2023-4-26 22:06 | |
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South Korea indicts Terra co-founder Daniel Shin: Report
South Korean authorities have indicted Terraform Labs co-founder Daniel Shin and nine other people on a number of counts. The assets of indictees totaling 246.8 billion won ($184.7 million) havThe post South Korea indicts Terra co-founder Daniel Shin: Report appeared first on AMBCrypto. дальше »
2023-4-25 16:00 | |
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Банк Кореи получит доступ к информации о пользователях криптобирж
Центробанк Южной Кореи получит доступ ко всей интересующей его информации о пользователях криптовалютных бирж. Предоставлять такие данные будут обязаны все торговые площадки, зарегистрированные в стране, сообщает издание The Korea Herald. дальше »
2023-4-25 08:07 | |
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US imposes sanctions on individuals for aiding North Korea
The Office of Foreign Assets Control (OFAC) of the U.S. Treasury has sanctioned three individuals for using illegal financing and illicit cyber activity to support the Democratic People's Republic of Korea (DPRK). дальше »
2023-4-25 01:57 | |
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Terra’s LUNA Token Is Shockingly Classified As A Non-Security By A South Korean Court
While the U.S. Securities and Exchange Commission (SEC) considers LUNA, the native token of the Terra ecosystem, a security, a court in South Korea has declared that it does not have attributes of a... дальше »
2023-4-25 00:39 | |
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US Treasury Department Targets Crypto Criminals Linked to North Korea
Three individuals linked to North Korea were sanctioned on Monday, according to a statement from the US Treasury. The post US Treasury Department Targets Crypto Criminals Linked to North Korea appeared first on BeInCrypto. дальше »
2023-4-25 21:10 | |
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Web3 event Korea Blockchain Week returns for 2023 edition
Korea Blockchain Week (KBW) will take place from 4th-9th September, 2023 in Seoul, South Korea. Major topics will include artificial intelligence and zero-knowledge technology. Organisers expect thousands of attendees, with speakers lined up from across DeFi, NFT and GameFi ecosystems among other sectors. дальше »
2023-4-24 18:32 | |
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Korea Blockchain Week Returns in 2023 Following Enormously Successful 2022 Edition
SEOUL, SOUTH KOREA, APRIL 24, 2023 — Korea Blockchain Week (KBW), one of the leading blockchain and Web3 events in Asia, will return for 2023 following the immense success of the 2022 edition, which was the first in-person iteration since the Covid pandemic. дальше »
2023-4-24 14:49 | |
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Bank of Korea to oversee crypto regulation
The Central bank of South Korea will over see cryptocurrency regulation according to local reports. However the move has received much criticism from the Financial stability commission. дальше »
2023-4-24 11:54 | |
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XRP is the leading altcoin in South Korea, report reveals
XRP is now the most traded coin in South Korea in 2023, according to reports from the South Korean analytical provider firm, Kaiko. The coin’s performance can be attributed to the expected positive outcome in the ongoing SEC vs. Ripple… дальше »
2023-4-20 15:25 | |
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Bitcoin Korea Premium Index Shows Signs Of Selling, Pullback Soon?
On-chain data shows the Bitcoin Korea Premium Index has been displaying signs of selling pressure, something that could result in a pullback. Bitcoin Korea Premium Index Has Turned Red In Recent Days As pointed out by an analyst in a CryptoQuant post, the selling pressure has been rising in the sector recently. дальше »
2023-4-19 21:00 | |
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Do Kwon Retained Law Firm in South Korea Before Terra's Collapse: Report
South Korean prosecutors confirmed a report that Kwon sent $7 million to a local law firm in the months leading up to his venture's dramatic fall. дальше »
2023-4-17 11:31 | |
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How Can the World Fight Back Against North Korea’s Crypto Hacking?
One of crypto’s strengths is also one of its weaknesses. Permissionless transactions enable privacy and sovereignty, but also crime. North Korea’s crypto hacking made headlines recently, but it is far from the only example. дальше »
2023-4-13 21:05 | |
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As Justice Is Sought for Do Kwon, South Korea’s Crypto Scene Emerges From Terra Luna’s Shadow
The collapse of Terra continues to reverberate in Do Kwon’s homeland, but there are signs of progress, CoinDesk’s Emily Parker reports. дальше »
2023-4-13 15:51 | |
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Сотрудников биржи Coinone арестовали в Южной Корее
Несколько сотрудников южнокорейской криптовалютной биржи Coinone арестованы по подозрению во взяточничестве. Об этом сообщает CoinDesk Korea. В частности правоохранители заключили под стражу руководителя листинговой группы платформы Ким Мо и брокера Хван Мо. дальше »
2023-4-13 10:52 | |
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В Южной Корее арестованы сотрудники криптобиржи Coinone
В начале этой недели по решению суда были арестованы сотрудники южнокорейской криптовалютной биржи Coinone. Правоохранительные органы располагают данными о причастности задержанных к незаконным схемам по листингу токенов на торговой площадке, сообщает портал CoinDesk Korea. дальше »
2023-4-13 08:07 | |
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Terra founder Do Kwon invites more trouble, million in assets to be frozen
South Korea will freeze 7.1 billion Korean won (US$5.36 million) in Do Kwon's assets Do Kwon was arrested in Montenegro for travelling with fake documents. According to a recent Forkast newsThe post Terra founder Do Kwon invites more trouble, million in assets to be frozen appeared first on AMBCrypto. дальше »
2023-4-11 18:00 | |
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S. Korean prosecutors seek to freeze $5.3M worth of Do Kwon’s assets
Prosecutors in South Korea are trying to get a court order to freeze $5. 3 million worth of Do Kwon’s assets in the country, Yonhap News reported on April 11. Terraform Labs co-founder Kwon has been under investigation in South Korea for fraud and tax evasion since the Terra-LUNA collapse wiped out nearly $40 billion in […] The post S. дальше »
2023-4-11 13:00 | |
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Bitcoin Korea Premium Index Turns Red, Decline Incoming?
Data shows the Bitcoin Korea Premium Index has taken a negative value recently, something that could lead to a drawdown in the asset’s price. Bitcoin Korea Premium Index Has Declined Into Negative Values Recently As pointed out by an analyst in a CryptoQuant post, past instances of this trend have resulted in pullbacks for the price of the cryptocurrency. дальше »
2023-4-8 19:00 | |
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Terra Luna Co-Founder Do Kwon Owned Zero Property in South Korea
Coinspeaker Terra Luna Co-Founder Do Kwon Owned Zero Property in South Korea Korean officials have linked approximately 91. 4 billion won, worth about $69 million, in digital assets directly to Do Kwon. дальше »
2023-4-9 17:36 | |
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Terra executives made over $300M from failed project; Do Kwon owns no property in South Korea
South Korean prosecutors said Terraform Labs executives, including Do Kwon and Daniel Shin, made 414. 5 billion won ($314. 2 million) by tricking investors into investing in the failed project. According to an April 7 KBS News report, the co-founder and former CEO of Chai Shin Hyun-Seong (also known as Daniel Shin) made 154. дальше »
2023-4-7 15:58 | |
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South Korea seeks to seize $314m in assets from Terra executives
The office of the Seoul prosecutor is seeking to seize assets worth $314 million from eight Terra officials, including CEO Do Kwon, who was recently arrested in Montenegro. According to South Korean news outlet KBS, Do Kwon, CEO and co-founder… дальше »
2023-4-7 15:06 | |
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