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MCADE02

15 Jun 23

South Korea’s largest commercial banks exploring security token platforms

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied NongHyup Bank revealed that the leading banks in South Korea, including Industrial Bank of Korea, Shinhan Bank, and Woori Bank, have joined its consortium for security token offerings. The consortium has also witnessed the participation of other financial technology companies such […]

crypto news Do Kwon jail background

09 Jun 23

South Korea traces more funds allegedly moved by Do Kwon

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied South Korean authorities are investigating the whereabouts of about $29 million worth of cryptocurrencies allegedly moved from a crypto wallet controlled by Do Kwon’s Luna Foundation Guard (LFG). Kwon is currently under house arrest and is awaiting trial in Montenegro. South […]

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08 Jun 23

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 by a judge in […]

Binance NFT Introduces The Sandbox NFT01

30 May 23

South Korea proposes real-time monitoring to freeze funds on Binance

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied South Korea plans to implement a system that allows real-time monitoring of wallet addresses and freezing funds on crypto exchanges and Binance, among others. A meeting will be held with Binance and the top 5 exchanges in South Korea to discuss […]

Korea Blockchain01

26 May 23

South Korea’s Coinone rocked by crypto listing bribery scandal

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a startling turn of events, a former executive at Coinone, one of South Korea’s top cryptocurrency exchanges, has received bribes for listing specific cryptocurrencies on the platform. The accused executive, Jeon, allegedly received around 2 billion Korean won (approximately $1.5 […]

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25 May 23

South Korea implements crypto disclosure mandate for officials for 2024

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a unanimous decision, South Korean lawmakers have passed a new bill mandating public officials and candidates to disclose their cryptocurrency holdings starting in 2024. The legislation, reported by local news outlet Chosun-Ilbo, not only demands transparency but also imposes restrictions […]

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 […]

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22 May 23

Crypto scandal hits South Korea as executives accused of $2.2m scam

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Four employees of South Korean crypto exchange Coinone have been indicted for allegedly employing illegal methods to amass profits exceeding 2.98 billion Korean won ($2.26 million) during coin listings from multiple projects. The information was reported by local news outlet The […]

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21 May 23

Ripple scores against SEC, blockchain adoption in China and South Korea, more ETH staked| Weekly recap

This week, a judge adjudicating the ongoing Securities and Exchange Commission (SEC) versus Ripple, the blockchain company, issued a landmark ruling. At the same time, Ripple announced crucial strategic expansions. Also, the number of staked ethereum (ETH) rose to record highs. Meanwhile, crypto adoption rate remained considerably high despite ongoing regulatory considerations. The crypto scene […]

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 […]

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