Hashed CEO Simon Seojoon Kim disclosed in a Bloomberg interview that the VC firm lost more than $3 billion from its investment in LUNA after it crashed in May 2022. Hashed bought about 30 million LUNA...
Tag: South
South Korean VC Firm Hashed Lost Up to $3.6B to LUNA Crash: CEO
With many crypto companies notably finding it difficult to share the extent to which the collapse of TerraUSD (UST) and LUNA coins affected their businesses, Simon Seojoon Kim, the Chief Executive Off...
Robinhood Slashes Workforce by 23% as Markets Head South
After rapidly scaling operations, Robinhood is now aggressively cutting costs and laying off employees in the light of the market downturn. Robinhood’s CEO, Vlad Tenev, announced that the company will...
South African central bank official accused of spreading crypto misinformation
As financial institutions around the world seek ways to regulate and incorporate the cryptocurrency industry into their operations, one nation’s central bank official has been accused of spreading dam...
South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry – Bitcoin News
A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The profess...
South Korean Banker Allegedly Embezzles $1.1M to Invest in Bitcoin
An employee at the South Korean BNK Busan Bank allegedly embezzled 1.48 billion won ($1.1 million) of clients’ funds to invest in Bitcoin. Between June 9 and July 25, an employee working on the bank’s...
South Korea-based Busan Bank’s employee steals 1.4B won in customer funds to buy crypto
A foreign employee of South Korea-based Busan Bank stole roughly 1.48 billion won of customer funds and invested the money in crypto assets like Bitcoin (BTC), local media reported on August 1. Accord...
XRP Price Moves South as Ripple Unlocks 1B Tokens from Escrow Wallet
Last quarter, Ripple sold $408 million worth of XRP tokens in Q2, a 49% jump from the previous quarter. XRP, the native cryptocurrency of Ripple’s XRP Ledger, is trading at 2% lower in the last 24 hou...
Regulation of Cryptocurrency in South Africa Should Not Scare Away Investors Experts Say – Regulation Bitcoin News
Two experts have said they welcome South Africa’s planned regulation of cryptocurrency but warned this should not scare away investors. If the regulation is balanced between the need to protect invest...
South Korea Investigate Crypto-Based Transactions Worth $3.1 Billion
South Korean regulators are investigating two of the country’s biggest banks for carrying out $3.1 billion worth of “abnormal” foreign exchange transactions. The banks – Shinhan Bank and Woori Bank – ...
Officials in South Korea Wrap Up Terra (LUNA) Case Raid
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South Korean press accuses Terraform
Recently the press in South Korea accused TerraForm tricked South Koreans into investing in stablecoin. As indicated by the local media KBS, the crypto platform increased its services and operations i...
After Terra (LUNA) Collapse, South Korea Plans To Bring Digital Asset Laws!
Since the Terra (LUNA) has seen its collapse in the month of May 2022, it is under close scrutiny of the South Korean investigation. The team had recently even raided 15 crypto firms that included cry...
South Korean officials conclude week-long raid in Terra-LUNA case
After more than a week, South Korean authorities concluded their raids on crypto companies in connection with the Terra case on July 27, Yonhap news reported. The Seoul Southern District Prosecutors O...
South Korea Interrogating Leading Banks in Light of Suspicious Activity
6 hours ago | 2 mins read Editors News FSS is investigating South Korea’s leading banks for unethical crypto transactions. FSS requested banks to submit an audit on noteworthy foreign exchange transac...
South Korea Pursues Digital Asset Reform Init…
In the wake of the mid-2022 crypto market collapse, South Korea is pursuing digital asset reform initiatives. According to a press release issued by its financial services commission, the Korean gover...
Terror Groups Using South African Financial System to Move Funds – Africa Bitcoin News
Sympathizers of the terror group, the Islamic State (IS) are allegedly using South Africa’s financial system to channel funds to the group’s affiliates and networks in Africa. The United States govern...
South Korean Prosecutors Issue Notice Upon Arrival to Do Kwon
South Korean prosecutors, who are investigating allegations of fraud related to the collapse of Terra and Luna, have issued a “notice upon arrival” to Terraform Labs CEO Do Kwon, who is sa...
Do Kwon Is Obliged To Enter South Korea: Country’s Prosecutors Commands
South Korea’s Ministry of Justice banned the officials of Terra from leaving the country. Do Kwon is issued notice to enter the country, who now lives in Singapore. The fall of UST initiated the beari...
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...
South Korea issues notification of arrival for Terra’s Do Kwon
South Korean prosecutors have issued a “notification upon arrival” and travel ban on Terra’s founder and co-founder, Do Kwon, and Daniel Shin, South Korean news outlet donga reported on July 27. A “no...
Over Half of South Africans Have Little Knowledge About Cryptocurrencies
7.6 million South Africans are crypto holders 4% thought they had a better understanding of the subject 50% of respondents said they would consider investing in cryptocurrencies Around 53%...
South Korean prosecutors request ‘notification upon arrival’ on Terraform Labs
LUNA Price at the time of writing – $1.71 Terraform Labs CEO is reportedly residing in Singapore Shin reiterates that he cut ties with Terraform Labs in 2020 South Korean examiners researc...
South Korean Financial Regulators Look Into Suspicious $3.2 Billion Remittances With Crypto Links
– Advertisement – The Korean Financial Supervisory Service (FSS) probes all banks as they investigate suspicious foreign exchange transactions. South Korean news agency Yonhap reveals in a...
French Unicorn Vestiaire Collective Launches In South Korea — Expect A New Wave Of ParKo Style
Paris campaign shot from Vestiaire Collective. Vestiaire Collective Pre-owned luxury fashion marketplace Vestiaire Collective has launched a new localized service in South Korea. The move follows its ...
Terra’s Do Kwon handed ‘notice of arrival’ for entering South Korea
South Korean prosecutors investigating the collapse of Terra (LUNA) asked that the Ministry of Justice issue a “notice upon arrival” for Terraform Labs CEO Do Kwon and a travel restriction for Terra c...
Do Kwon Dogged by Fraud Allegations in South Korea
Terraform’s co-founder and former vice president have been issued travel ban notices Co-founder Shin Hyun-seung’s residence was raided by prosecutors last week Do Kwon, the now-infamous founder of the...
Just Over Half of South Africans Have Little to Zero Knowledge About Cryptocurrencies – Emerging Markets Bitcoin News
About 53% of South Africans have little to no knowledge about cryptocurrency, while only 14% thought or felt they had a better understanding of the subject, a report has said. Nearly half of the respo...
South Korean Prosecutors Firing Up Against Illicit Bitcoin ‘Kimchi Premium’ Transactions
South Korean Prosecutors are suspicious of illegal foreign exchange trading Watchdogs are in strong doubt about money laundering and illegal forex trading FSS is going head-on against the two lenders...