Listen to article (2 minutes) Poshmark has agreed to sell itself in a deal that values the social shopping marketplace at less than half the price where it went public in early 2021. South Korean inte...
Tag: Koreas
Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’
Terraform Labs have described the South Korean prosecutor’s arrest warrant for its CEO Do Kwon as an overreach of their authorities, The Wall Street Journal reported Sept. 28 Citing a Terraform statem...
South Korea’s Interpol issues ‘Red Notice’ for Do Kwon- Details inside
Do Kwon, the co-founder of Terraform Labs, is purportedly the subject of a “Red Notice” from Interpol to law enforcement agencies all around the world. In response to charges Kwon is facing in South K...
Here’s why South Korea’s Busan with over 3 million residents may be next blockchain Mecca
Busan, South Korea’s second-largest city, started its blockchain project four years ago, intending to attract technology, employment, and investment while shifting away from dependency on seaborne com...
U.S. House of Representatives Seeks to Supervise North Korea’s Policies via Proposed Act – crypto.news
A bill to supervise North Korea’s foreign policy was introduced to the House of Representatives on the 14th (local time), according to Senate Foreign Relations Committee Chairman Robert Menendez (Demo...
South Korea’s Yong-beom Kim Joins Hashed Open Research as CEO
South Korea’s First Vice Minister at the Republic of Korea Ministry of Strategy & Finance joins Hashed Open Research (HOR) as CEO. Hashed Open Research is a blockchain and digital technology resea...
South Korea’s Former Vice Minister of Economy Becomes the CEO of a Blockchain Institute
Yong-beom Kim – First Vice Minister of South Korea’s Ministry of Economy and Finance from 2019 to 2021 – will join the blockchain and digital technology research institute Hashed Open Research as its ...
Korea’s ‘poop-coin’ reached the end of its pipeline, inventor reveals
Though interest in the BeeVi project and its associated digital currency dried up, the Korean professor said he still sees it as a successful endeavor. The South Korean government has put a lid on a s...
Bitcoin Sinks Below $23K; South Korea’s Bumpy Crypto Path Forward
“Bitcoin is is range bound at the moment,” said Nauman Sheikh, managing director at investment advisors Wave Financial, told CoinDesk TV’s First Mover program. “It’s hit ...
South Korea’s Top Financial Regulator to Expedite Crypto Legislation – crypto.news
South Korea’s Financial Service Commissioner (FSC) chairman, Kim Joo-Hyun, has announced plans to accelerate the formation of cryptocurrency regulations. Kim declared at the National Assembly that a t...
South Korea’s financial watchdog wants to ‘quickly’ review crypto legislation: Report
The chair of South Korea’s Financial Services Commission said the regulator plans to expedite its review of 13 bills pending in the country’s National Assembly related to digital assets. According to ...
South Korea’s Klaytn Announces Its Partnership with DeFi Protocol 1inch
In its recent partnership with 1inch, Klaytn will benefit from improved token swaps as well as stronger liquidity. This partnership will help Klaytn unlock an additional 257 liquidity sources. Klaytn,...
S. Korea’s Bithumb Connects System With Samsung Securities –
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South Korea’s Ministry of Justice Puts A “Notification On Arrival” On Do Kwon, Bans More Terra Executives From Leaving
– Advertisement – South Korea officials have issued a notice upon arrival for Terra’s Do Kwon and are prohibiting Terra executives from leaving the country at the moment. Do Kwon has bee...
FTX Attempting To Purchase South Korea’s Second-Largest Crypto Exchange: Report
A new report claims an FTX deal to buy the South Korean crypto exchange Bithumb is currently in “advance talks.” According to a new report from Bloomberg, a person familiar with the matter says the tw...
Bankman-Fried’s FTX In Advanced Talks to Acquire South Korea’s Bithumb
FTX, a global cryptocurrency exchange headquartered in the Bahamas, is in talks to acquire its rival Bithumb, South Korea’s leading cryptocurrency exchange, according to people familiar with the matte...
FTX All Set To Acquire South Korea’s Largest Exchange, Bithumb
2 hours ago | 2 mins read Exchange News Morgan Stanley was preparing to acquire Bithumb for $441 million in March. FTX bought the Japan-based exchange Liquid early this year. According to a report fro...
Sam Bankman-Fried Led FTX In Talks To Purchase South Korea’s Bithumb
Sam Bankman-Fried-led FTX is continuing to acquire and expand in the crypto space, with reports emerging that the exchange is in talks to acquire Bithumb. The exchange has also backed a slew of crypto...
South Korea’s Anipen raised US$8.8 million in series C –
The company will close its Series round after reaching a set target of 20 million Korean won Currently, the company stands at 11 billion Korean won, which was about 13 million Korean won last year Ani...
South Korea’s Largest Mobile Operator to Introduce a Web3 Wallet: Report
The largest mobile operator in South Korea – SK Telecom – reportedly joined forces with crypto firms AhnLab Blockchain Company and Atomrigs Labs to release a digital wallet. The feature will provide c...
South Korea’s tech giant SK Telecom to launch cryptocurrency wallet
Korea Mobile Telecommunications Services Corp also more commonly known as SK Telecom announced on July 11 that it had reached an agreement with AhnLab Blockchain Company and Atomrigs Lab to collaborat...
Korea’s SD Biosensor, SJL Partners To Buy U.S. Covid-19 Test Maker In $1.5 Billion Deal
Cho Young-sik, founder of Covid-19 test maker SD Biosensor. Courtesy of SD Biosensor South Korean billionaire Cho Young-sik’s SD Biosensor and Seoul-based private equity firm SJL Partners said Thursda...
North Korea’s Stolen Crypto Stash Suffers Huge Beat-Down Following Bitcoin’s Crash To $18k ⋆ ZyCrypto
Advertisement     According to a Wednesday report by Reuters, North Korea is facing a cash crisis after its stash of stolen crypto assets was greatly devalued by the o...
Crypto Market Crash Wipes Millions of Dollars From North Korea’s Kitty of Stolen Cryptocurrencies – Bitcoin News
The recent plunge in the value of cryptocurrencies may have wiped out millions from North Korea’s fund comprised of stolen crypto assets. The diminishing value of cryptocurrencies is believed to be af...
North Korea’s Lazarus Group linked to $100M Harmony exploit
Notorious North Korean hacker group Lazarus is likely behind the recent exploit of Harmony horizon bridge, leading to the loss of $100 million, says Elliptics. In its report on the hack, the blockchai...
North Korea’s Lazarus Group Behind $100 Million Horizon Hack, Harmony Initiates Global Manhunt
As per the latest report, the notorious Lazarus Group from North Korea is behind the $100-million hack of the Horizon bridge. As per the Bloomberg report, London-based Elliptic Enterprises was activel...
Crypto market crash wipes out millions from North Korea’s stolen crypto funds
North Korea leads the world in crypto crime, with over 15 documented instances of cyber theft amounting to $1.59 billion in stolen funds. However, the recent crypto market turmoil has wiped out millio...
North Korea’s $400M Crypto Losses Could Hurt Its Nuclear Weapons Program: Report
North Korea’s stores of stolen crypto have plunged in value amid the wider market crash, potentially jeopardizing funding for its weapons programs, according to a report by Reuters. The country has b...
North Korea’s ‘illicit’ crypto holdings heavily impacted by market crash
The recent crypto market crash has left North Korea with millions of dollars in losses on its stolen crypto assets and could affect funding for its weapons program, Reuters reported. Bitcoin’s (BTC) r...
Report: North Korea’s stolen crypto wealth plunges to $65 million
North Korea has one of the most active hacker groups, with resources dedicated towards crypto heists over the past few years. In March this year, US authorities linked the Lazarus Group to one of the ...