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Korea Blockchain01

23 May 23

South Korean exchanges remove warnings on WAVES and KAVA

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied An alliance comprising five major crypto exchanges has removed warnings placed on KAVA and WAVES, stating that the reasons for the warnings have been resolved. Deposits to resume for WAVES and KAVA Upbit, one of the five members of South Korea’s […]

1684203991 639 Royalty Brings Web302 1

16 May 23

North Korean hacking groups stole $721m in crypto from Japan

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied North Korean bad actors and hacking groups have stolen a total of $721 million worth of bitcoin (BTC) and other cryptocurrencies from Japan since the crypto summer of 2017. North Korean hackers have stolen more than $2 billion in crypto from […]

Korea Blockchain01

15 May 23

Authorities raid Upbit and Bithumb in connection with South Korean crypto scandal

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Prosecutors conducted a raid on two prominent South Korean cryptocurrency exchanges, Upbit and Bithumb, as part of an ongoing investigation into allegations surrounding independent lawmaker Kim Nam-kuk’s digital assets. The team of investigators from the Seoul Southern District Prosecutors Office seized […]

jail prison behind bars

08 May 23

South Korean lawmaker under investigation for suspicious crypto transactions

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kim Nam-Kuk, a South Korean lawmaker, is under investigation after claims that he withdrew 800,000 WEMIX tokens during questionable crypto transactions. A series of cryptocurrency transactions by a legislator from an opposition party has been submitted to local prosecutors by South […]

Blockfence and Forta Network2

26 Apr 23

South Korean parliament passes first phase of virtual asset bill

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On April 25, the South Korean parliament’s National Policy Committee passed the first step of the country’s crypto bill, the Virtual Asset Investor Protection Act. According to local media reports, the bill was approved by the Legislative Review Subcommittee of the […]

jail prison behind bars

17 Apr 23

Do Kwon sent roughly $7m to Korean law firm before TerraUSD crash

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Prosecutors have revealed that Terraform Labs co-founder, Do Kwon, sent a payment of 9 billion won ($7 million) to a Korean law firm named Kim & Chang just before the collapse of the TerraUSD algorithmic stablecoin and Luna token. While Do […]

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12 Apr 23

South Korean exchanges to delist OMG and SRM

The members of the digital asset exchange joint consultative body (DAXA), a group of South Korean crypto exchanges, are planning to delist OMG Network (OMG), formerly known as OmiseGo, and serum (SRM). According to the announcement by Upbit, DAXA will end support for OMG and SRM on April 26 at 14:00 KST. The reason behind […]

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03 Apr 23

Alchemy secures $10m in funding for Korean expansion

Alchemy has raised $10 million in its latest funding round with DWF Labs, at a valuation of $400 million. The amount will enable the expansion of Alchemy Pay into the Korean market. Alchemy Pay, a Singapore-based crypto payment gateway that bridges the gap between crypto and fiat currencies for businesses, devs, and regular users, has […]

crypto news people shaking hands office background dark tones sixties retro futur

22 Mar 23

Korean DAXA releases guidelines for listing and relisting crypto assets

A group of Korean exchanges recently announced guidelines for listing and relisting tokens. Guidelines for listing new tokens In a Twitter thread, Garlam (@GarlamWON), a crypto enthusiast, highlighted the must-follow rules for project tokens to get listed in Korean-based exchanges. This thread highlighted that the Korean Exchange Syndicate DAXA provided the new rules for getting […]

hong kong

06 Feb 23

South Korean regulatory body gives security token guidelines

Ahead of the proposed legalization of cryptocurrencies in Korea, the financial services commission (FSC) published rules on Jan. 6 that outline which digital assets will be regulated as securities in the country. The guidelines stipulate that all blockchain-based tokens will be treated and regulated as securities provided they have inherent characteristics that fit them into […]

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