Soon after Litecoin underwent the Mimblewimble Extension Blocks (MWEB) soft fork, South Korean exchanges have raised concerns for the network as the upgrade might conceal transaction information. In t...
Tag: Korea
South Korea May Hold Exchanges Accountable For Terra Crash
Key Takeaways South Korea’s ruling party is reportedly set to meet the five biggest local crypto exchanges on Tuesday to discuss Terra’s collapse. The authorities could hold the exchanges ...
Terraform Labs Has Paid in Full its Taxes in South Korea, Says Do Kwon
A lot has been said about Do Kwon, his cryptocurrency project, and the failure of the two native digital assets in the past two weeks. One of them included owning $78 million in taxes to South Korea, ...
Do Kwon faces legal troubles in Korea, China remains a top contributor to Bitcoin mining, and Ethereum eyes ‘huge testing milestone’ ahead of merge: Hodler’s Digest, May 15-21
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
Court Filings Reveal Do Kwon Dissolved Terraform Labs Korea Days Before Terra Luna’s Demise – crypto.news
Do Kwon disbanded Terraform Labs Korea, dissolving its headquarters and lone branch days before the collapse of Terra crypto (LUNA) and stablecoin TerraUSD (UST), according to official records. Terraf...
Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash
The dramatic story of the Terra (LUNA) crash — referred to by some as the Lehman Brothers of crypto — has taken yet another remarkable turn as legal documents reveal the liquidation of two South Korea...
Terra (LUNA) Founder Do Kwon Facing South Korea Investigation Over Claims of Ponzi Fraud: Report
The CEO of Terraform Labs is facing possible criminal charges in the wake of two leading cryptos collapsing earlier this month. In a new report, Yonhap News says that South Korean authorities are cons...
More Troubles for Do Kwon as S. Korea Levies $78M Tax Evasion Fine
Terraform Labs is currently being charged with tax evasion fraud by the South Korean National Tax Service, a move that complicates matters for the startup that is trying to salvage its collapsed block...
Do Kwon Dissolved Terraform Labs Korea Days Before Collapse of Terra LUNA, UST – Featured Bitcoin News
Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST). Do Kwon ...
South Korea Slams Terra’s Do Kwon With $78M Fine for Tax Evasion: Report
South Korea’s National Tax Service has reportedly ordered Terraform Labs, its co-founder Do Kwon, and other executives to pay a 100 billion won ($78 million) fine for tax evasion penalties. The Genesi...
Terra Founder Do Kwon Faces Tax Evasion Charges In S. Korea
Amid the ongoing Terra debacle, founder Do Kwon has now reportedly come under further scrutiny from the South Korean government for alleged tax evasion. South Korea’s Tax Service is charging Kwon and ...
South Korea Rebirths Specialized Crime Unit to Investigate Terra’s UST Collapse
– Advertisement – Korean authorities believe Terra’s collapse is not properly investigated and as such it has revived a tactical crime unit to ensure no stone is left unturned in the Terra...
Terra Co-Founders to Face Fraud Charges in South Korea
The challenges ahead for Terra’s co-founders are notably more than just reviving the protocol after UST and LUNA coins collapsed last week. As reported by a local media site, Munhwa, an organized grou...
Terra Founder Do Kwon Faces Lawsuit In South Korea
A group of South Korean investors appears to have filed a court case against Terra founder Do Kwon over the blockchain’s crash. Local media reports suggest that several LUNA and UST holders have decid...
South Korea Considers Tougher Crypto Laws After Terra Crash
In a bid to avoid further incidents like the Terra crash, South Korean officials are looking to build tougher legislation around cryptocurrencies. The recent Terra UST and LUNA collapse has raised cal...
North Korea Claims Covid Outbreak Is Taking A ‘Favorable Turn’ As WHO Frets About Lack Of Data
Topline North Korea on Wednesday claimed its Covid-19 outbreak was taking a “favorable turn” while still reporting more than 200,000 new suspected cases as the World Health Organization expressed conc...
South Korea proposes a new framework for crypto firms 1
South Korea has announced that firms involved in digital assets and related products might soon be migrated to a brand new regulatory framework. According to the report, which claims a source from the...
South Korea Lawmaker Calls for Enquiry Into Exchanges’ Terra Activities
A conservative politician in South Korea is calling for hearings to be held into questionable actions carried out by some of the country’s top crypto exchanges during the LUNA crisis, according to a r...
US warns over risk of hiring North Korea IT workers
IT workers from North Korea are trying to get remote working jobs They aim to steal money for Pyongyang The country has conducted l missile tests in recent months Utilizing virtual private organ...
South Korea Launches ‘Emergency’ Investigation Into Collapse of LUNA and UST – Regulation Bitcoin News
South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchange...
South Korea Launches ‘Emergency’ Inspections of Local Crypto Exchanges Amid Terra Collapse: Report
South Korea’s Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) have launched “emergency” inspections into local crypto exchanges, according to a report by Yo...
South Korea Launches Investigation into Terra
Terra, which has not been out of the news headlines in the crypto world these days, suffered yet another blow today—this time by none other than the South Korean authorities. As it became known, the c...
South Korea Launches “Emergency” Inspection of Crypto Exchanges Following Terra Crash
Financial authorities in South Korea have beefed up crypto exchange inspections to boost investor protection following the recent collapse of LUNA and TerraUSD (UST) tokens Per the announcement: ...
South Korea Toughens Up Investigations Over Terra (LUNA) Crisis
South Korea has been alerted over the decline in the crypto market that led to the depegging of Terra (LUNA). According to a local news outlet, Luna’s decline led to cases of volatile trading. Gaming...
Roadblock touched as crypto tax in South Korea hits another hurdle
Digital currency in South Korea by the National Assembly Research Service could be revised A 20% tax on acquires set for 2023 should keep a 2.5 million won ($1,940) edge It will be going against new...
Covid-19 Outbreak Rips Through North Korea As Reports 15 More Deaths And Nearly 300,000 New Cases
Topline North Korea reported 15 new Covid-19 deaths along with hundreds of thousands of new patients with “fevers” as the country says it has mobilized millions of health and other workers to fight it...
South Korea Plans Crypto Legislation By 2024, Leaked Report
In a move that will see South Korea become even more crypto-friendly, President Yoon has announced his intention to establish a new regulatory framework for the crypto industry by 2024. With this new ...
South Korea Will Implement Crypto Into Its Institutional Systems by 2024
7 hours ago | 2 mins read Bitcoin News The South Korean government plans to legalize non fungible-tokens (NFTs). The government would slap a 20% tax on crypto earnings The legislation proposal to merg...
North Korea Reports First Covid Death Amid ‘Explosive’ Disease Outbreak
Topline North Korea confirmed its first Covid-19 death on Friday and said hundreds of thousands of people are sick with a rapidly spreading “fever,” according to state media, a day after the reclusive...
South Korea to establish crypto framework by 2024
The administration of the newly-elected President of South Korea, Yoon Suk-yeol, wastes no time in his drive to maintain the country’s stature as a center for innovation, as South Korea hopes to roll ...
North Korea Reports Its First Covid-19 Outbreak, Kim Jong-Un Orders National Lockdown
Topline North Korean leader Kim Jong Un ordered a nationwide lockdown on Thursday after his country publicly reported its first Covid-19 outbreak in a surprising acknowledgment after denying any cases...