advertisement The US government drew a connection between the North Korean hacking unit Lazarus Group and last month’s exploit of the Axie Infinity’s Ronin sidechain network. The Treasury ...
Tag: Korean
Ethereum dev Virgil Griffith sentenced to 63 months for North Korean crypto expedition
A Manhattan judge has sentenced Virgil Griffith to 63 months in jail for a 2019 presentation he gave at the Pyongyang Blockchain and Cryptocurrency Conference. Judge Kevin Castel of the Southern Dist...
Ethereum Developer Virgil Griffith Sentenced to 5+ Years in US Prison for Violating North Korean Sanctions – Regulation Bitcoin News
An Ethereum developer, Virgil Griffith, has been sentenced to five years and three months in U.S. prison after he pleaded guilty to a charge brought on by speaking at a crypto conference in North Kore...
South Korean President-Elect Contemplates STO, IEO Route for Virtual Oversight
A South Korean daily has revealed that the Presidential Transition Committee is considering the issuance of Security Token Offerings (STOs) and Initial Exchange Offerings (IEOs) for the digital space....
Director Iris Shim Considers The Mothers And Monsters In Her Film ‘Umma’
Sandra Oh plays Amanda in the film ‘Umma.’ Sony Pictures At the start of our conversation about the horror film Umma—the title is the Korean word for mother—writer-director Iris K. Shim is...
Korean Film ‘Space Sweepers’ Nominated For A 2022 Hugo Award
The spaceship crew in the film ‘Space Sweepers’ discovers some surprising cargo. Netflix The Korean film Space Sweepers, starring Song Joong-ki and Kim Tae-Ri, has been nominated for the 2...
South Korean Intelligence Service Informs Crypto Exchanges About Cyberthreats – Exchanges Bitcoin News
The South Korean state intelligence agency is now providing crypto trading platforms with information about attempts to breach their cybersecurity. The help for the country’s digital asset exchanges c...
South Korean Bank Opens First-Ever Corporate Crypto Account
South Korea’s Shinhan Bank has become the first local financial institution to issue cryptocurrency related accounts. The Bank released corporate won accounts to crypto exchange platform Korbit. Earli...
South Korean Tech Giant Kakao Acquires Majority Stake In A Japanese Crypto Exchange
A subsidiary of South Korean internet and technology giant Kakao has acquired a majority share in a Japanese cryptocurrency exchange, paving the way for the company to integrate its web-based cartoon ...
South Korean Banks Apply For license To Deal In Crypto Services
South Korea recently elected pro-crypto Candidate Yoon Suk Yeol as their President. Now, The Korea Federation of Banks (KFB) and its member banks are seeking approval from the incoming administration ...
South Korean Banks Looking For Affirmation On Cryptocurrencies
The Korea Federation of Banks (KFB) might request South Korea’s incoming Presidential administration to support local banks servicing cryptocurrencies, highlights a leaked draft report. The content i...
S Korean incoming administration to drive pro crypto measures
South Korea’s incoming president Yoon Suk-yeol has vowed to loosen crypto regulations. The country’s banks are worried about a possible monopolisation of the big crypto exchanges, and are seeking regu...
North Korean are raising funding through Crypto Heists
The hermit nation has moved its aim from stealing coronavirus vaccine research to pilfering digital assets, according to a recent piece by internet security firm Mandiant. According to a leading cyber...
North Korean Regime Utilizing Hacking Groups To Perform Crypto Heists: Report
A prominent cybersecurity firm says that the North Korean government is raising money by using hacking groups to perform crypto heists. According to a new article by internet security company Mandiant...
South Korean Crypto Exchange Bithumb Will Block Unregistered Wallets
The exchange, Bithumb, was reportedly pressured from its partner bank to change its mind Bithumb users will not be able to withdraw using wallets such as MetaMask Seoul requires all exchanges to partn...
“Travel Rule” For South Korean Cryptocurrency Exchanges
Compliance with rules acts as green lights for South Korea for regulation of virtual assets, but might be threatening local industry with overbearing transfer limitations among exchanges. A source fro...
Korean crypto exchanges are now in compliance with the Travel Rule
South Korean crypto exchanges have reached the government-mandated deadline to come into compliance with the so-called Travel Rule, but not all industry players are pleased with the measure. Starting ...
South Korean presidential candidates will give NFTs to campaign supporters
Lee Jae-Myung, the presidential candidate of South Korea’s ruling Democratic Party of Korea (DPK), is said to have intended to include cryptocurrency in his election campaign. Lee will issue non-fungi...
South Korean Financial Giant SK Group To Issue Its Own Cryptocurrency
SK Group, South Korea’s third-largest conglomerate, said it will issue its own cryptocurrency through the firm’s investment arm, SK Square. SK Square is also preparing a blockchain service for its par...
South Korean President-Elect Yoon Suk-Yeol’s Early Foreign Policy Challenges
South Korea’s President-elect Yoon Suk-yeol gestures during a ceremony disbanding the presidential … [+] election camp at the National Assembly Library in Seoul on March 10, 2022. SONG KYU...
South Korean Gaming Firms Jumps Into P2E Crypto Gaming Sector, Look To Mirror Axie Infinity Success
Neowiz announces the rollout of a new crypto golf gaming title, as the South Korean giant’s step in the play-to-earn crypto gaming industry. However, as per the recent reports, the gaming regulators h...
DeFiance Founder Loses Rare Azukis In Hot Wallet Attack; Is This North Korean Hacker Group Responsible?
The attack targeted DeFiance founder Arthur Cheong’s hot wallet, from where the hacker stole several NFTs, wrapped Ether and other tokens, cumulating in losses worth $1.6 million. Not Even Seasoned V...
South Korean Brokerages Net Profits Surged in 2021, Data Shows
South Korean brokerage firms’ net profit increased sharply last year as a result of higher transaction fees, according to The Korea Herald, quoting Yonhap. Based on data from the Financial Supervisory...
Incoming South Korean President to Boost Crypto Adoption by Zero-Taxing Gains
Upon taking office in May, South Korean President-elect Yoon Suk-yeol vowed to zero tax crypto trading gains not exceeding 50 million won, approximately $40,000 similar to stock gains, according to Ni...
New South Korean President Seeks to Give a Local Crypto Push
Yoon Suk-yeol, South Korean President-elect, did some promises that can be taken as crypto-friendly ones, as he considers himself a crypto enthusiast that plans to push to the crypto industry. Q4 2021...
New South Korean President to Push Cryptocurrency Industry Further
Arman Shirinyan New South Korean president expressed his “bullish” view on the cryptocurrency industry numerous times, and he already has interesting proposals South Korean President-elect...
Why crypto was so important to the recent Korean presidential election
Korea’s recent presidential election experienced a fierce battle between candidates in winning the votes of the undecided young electors. Both candidates went to extreme lengths with negative campaign...