The Korea Financial Intelligence Unit (KoFIU), which is South Korea’s authority on financial matters, has begun an investigation into cryptocurrency exchanges in regard to the listing of its own inter...
Tag: South
South Korea probes crypto exchanges for local tokens
This year, native cryptocurrencies proved to be the most significant cause that led to the failure of a number of cryptocurrency exchanges and ecosystems; the most recent instance of this was the coll...
South Korea Bans Native Tokens of Exchanges!
KoFIU investigates all crypto exchanges for native tokens. South Korea is the worst affected country in the world due to FTX downfall. South Korea blocks $104.4 million from FTX Co-founder Shin Hyun-s...
South Korea Freezes $104 Million in Assets Belonging to Terra Co-Founder – Bitcoin News
South Korea’s prosecutors have reportedly obtained a court order to freeze assets worth about $104 million belonging to Terraform Labs co-founder Daniel Shin. The authorities allege that he unfairly p...
South Korea seizes $104M from Terra co-founder suspecting unfair profits
While crypto exchange FTX stole the limelight from other fallen ecosystems, South Korean authorities continue their efforts to bring closure to the victims of the year’s first crypto crash — Terraform...
South Korea seizes $104M from Terra’s co-founder on unjust earnings.
South Korean authorities are continuing their efforts to bring closure to the victims of the year’s first crypto crash, which involved Terraform Labs. While the crypto exchange FTX has taken the...
South Korea Confiscates Over $100 Million from Terra’s Co-founder: Report
South Korean prosecutors have seized more than $100 million worth of assets belonging to Shin Hyun-Seong (Daniel Shin), the co-founder of Terraform Labs, for his role in the collapse of the Terra ecos...
Stock market drags Bitcoin price further south; Will the trend continue?
The cryptocurrency sector is still reeling from the shock of FTX, one of the once largest crypto exchanges, filing for bankruptcy and its CEO resigning, but Bitcoin (BTC) has another thing to fear – i...
Daniel’s Chai Corporation got raided by South Korean Prosecutors
Chai Corporation, a fintech company for developing infrastructure technologies, was raided by South Korean prosecutors. South Korean Seoul Southern District Prosecutor’s office has verified the ...
Relaunch of USAN — the Union of South American Nations — in Latam Profiles New Monetary Integration – Economics Bitcoin News
A proposal for relaunching the currently defunct USAN, the Union of South American Nations, profiles a future monetary integration amongst the countries of the organization. The proposal, made by seve...
China Isn’t Out Of The Economic Woods, Just Ask Japan And South Korea
An epidemic control worker wearing protective equipment watches over a line of people waiting to be tested to for Covid-19. Kevin Frayer/Getty Images In all the market euphoria over recent policy move...
South Korean prosecutors call on Terra co-founder Shin Hyun-seong to cooperate: Report
Authorities in South Korea have reportedly requested Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, to appear as part of an investigation into the collapse of the firm. Accordin...
FTX founder Bankman-Fried denies fleeing to South America amid crypto collapse
FTX founder Sam Bankman-Fried denied speculation on Twitter that he had flown to South America after the cryptocurrency exchange filed for bankruptcy. When asked whether he had flown to Argentina, as ...
South Korea Cracks Down on Terra Employees Involved in $100M LUNA Fraud
South Korean authorities have discovered that Terraform Lab, the Do Kwon-led software development company, sold some tokens associated with LUNA Classic (LUNC) to its employees at half price before th...
Medicaid Expansion Wins In Red State South Dakota
In this photo is the state capitol building in downtown Pierre in central South Dakota, (Photo by: … [+] Education Images/Universal Images Group via Getty Images) Universal Images Group via Gett...
16th Edition BFSI IT Summit South Africa
After successful 15 editions of BFSI IT Summit, Exito is all set to host another milestone event – which serves as an ideal platform to enhance the experience to latest insights in “Future Proofing B...
Royalty-enforcing NFTs a ‘new asset class,’ South Korea buys NFTs with CBDC and more
Royalty enforcing NFTs to be a ‘new asset class:’ Magic Eden CEO Jack Lu, the CEO of Solana-based nonfungible token (NFT) marketplace Magic Eden, has floated the idea of NFTs designed to enforce royal...
Alibaba’s international arm invests millions into South Korea expansion
Alibaba’s international e-commerce platform AliExpress has expanded in South Korea and Brazil, in addition to Europe. Pictured here is an AliExpress locker in Poland in July 2022. Nurphoto | Nur...
South Korea Has Quietly Become One Of The World’s Biggest Weapons Suppliers
A South Korean K-2 battle tank, developed by Hyundai Rotem Co., during a live-fire exercise at the Defense Expo Korea 2022 at a military base in Pocheon, South Korea, on Sept. 20. © 2022 Bloomberg Fin...
North Korea Says Recent Missile Tests Were Practice To Hit U.S. And South Korean Targets
Topline North Korea announced its recent string of missile tests, which resulted in evacuation alarms in parts of South Korea and Japan last week, was practice to strike South Korean and U.S. targets,...
Major South African Supermarket Chain Accepts Bitcoin Payments (Report)
One of the largest supermarket chains in South Africa – Pick n Pay – reportedly enabled customers to settle their bills in cryptocurrencies, including bitcoin. The offering covers 39 of the company’s ...
Do Kwon Ordered A Staff To ‘Doctor’ LUNA’s Price, South Korean Prosecutors Claim
Do Kwon, the co-founder and Chief Executive Officer (CEO) of Terraform Labs, is now in hotter water following a crucial discovery made by South Korean prosecutors that could undermine his claims of in...
South Korean Prosecutors Have Indicated the Fugitive Terraform Labs Founder, Do Kwon, is in Europe
According to a KBS News report, Do Kwon, who co-founded the Terra blockchain project, is now in Europe. Fatman, a whistleblower for Terra who has been making scathing claims against Kwon and other Ter...
The Pick & Pay grocery chain in South Africa plans to accept Bitcoin in all of its locations nationwide
Join Our Telegram channel to stay up to date on breaking news coverage One of the biggest grocery chains in South Africa, Pick n Pay, plans to let customers use Bitcoin to pay for goods across all of ...
Terra Founder Kwon Still Defiant as South Korea Cancels Passport
South Korean prosecutors have reportedly gained evidence that Terraform Labs founder Do Kwon directed an employee to manipulate market prices of the firm’s cryptocurrency Terra. The Korean Broadcastin...
South Korean Prosecutors Accuse Do Kwon of Manipulating LUNA’s Market Price – Bitcoin News
On Thursday, Nov. 3, 2022, local reports from South Korea disclosed that Korean prosecutors have allegedly discovered evidence that shows Do Kwon and an associate manipulated the price of LUNA, Terra’...
North Korea Missile Launch Triggers Alarm In Japan As U.S. And South Korea Extend Military Drills
Topline North Korea test fired an intercontinental ballistic missile (ICBM) towards its eastern coast on Thursday, triggering alarms across parts of Japan as tension in the region escalates amid ongoi...