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Cryptocurrency

Fri, December 8, 2023 | 09:37

Crypto yield platforms Haru Invest, Delio face class-action lawsuits

Crypto yield platforms Haru Invest, Delio face class-action lawsuits

Two crypto platforms in Korea, Haru Invest and Delio, are expecting class-action lawsuits from investors, a few days after they abruptly suspended customer deposits and withdrawals. According to legal circles and media reports, Friday, 410 investors from Haru Invest and 120 investors from Delio have launched a Kakao group chat to prepare for a lawsuit.

Lee Yeon-woo | 2023-06-16 16:14

Blockchain technology on path to becoming more publically accessible

Blockchain technology on path to becoming more publically accessible

Lambda256, a blockchain subsidiary of Korea's dominant crypto exchange operator Dunamu, expects its representative blockchain platform - Luniverse - to gradually expand its footing as a more globally influential service with its price competitiveness and market responsiveness, the firm's CEO Park Jae-hyun said during a recent interview.

Lee Min-hyung | 2023-06-07 08:15

Crypto exchanges face manpower exodus amid market doldrums

Crypto exchanges face manpower exodus amid market doldrums

Korea's major crypto exchanges are facing a manpower exodus amid a prolonged winter in the global crypto industry. Some of them are also taking steps to streamline their organizational structure to defend against falling trade revenue.

Lee Min-hyung | 2023-06-06 15:51

US sues Binance and founder Zhao over 'web of deception'

US sues Binance and founder Zhao over 'web of deception'

U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a "web of deception," piling further pressure on the world's biggest cryptocurrency exchange and sending bitcoin to its lowest in almost three months.

2023-06-06 13:41

Lawmaker suspected of crypto money laundering: Upbit

Lawmaker suspected of crypto money laundering: Upbit

Rep. Kim Nam-kuk, a scandal-tainted lawmaker, appears to have engaged in “highly suspicious” crypto trading activities, which might be linked with possible money laundering, a ruling party lawmaker said, citing sources from Upbit, the nation's largest crypto exchange.

Lee Min-hyung | 2023-05-31 16:29

Dunamu pioneers Web 3.0 market

Dunamu pioneers Web 3.0 market

Sparked by the emergence of ChatGPT, companies are vying to lead the rising Web 3.0 market. With decentralization and ownership of private information at its core, Web 3.0 is expected to transform our daily lives in unprecedented ways.

Lee Yeon-woo | 2023-05-30 16:07

National Assembly passes bills including virtual assets in assets disclosure

National Assembly passes bills including virtual assets in assets disclosure

The National Assembly on Thursday unanimously passed two bills requiring lawmakers and high-level government officials to declare cryptocurrency and other virtual assets, amid criticism and suspicions over revelations that a lawmaker had held massive coin holdings.

2023-05-25 22:01

[INTERVIEW] NK's cybercrimes expected to prompt US to bolster crypto rules

INTERVIEWNK's cybercrimes expected to prompt US to bolster crypto rules

Last year alone, North Korea is said to have stolen at least $1.7 billion worth of cryptocurrencies, nearly four times more than the amount the Kim Jong-un regime pilfered in 2021, according to Chainalysis, a U.S.-based blockchain analysis firm.

Kim Yoo-chul | 2023-05-24 18:44

Crypto market should abide by similar regulations as legacy banks: BOK

Crypto market should abide by similar regulations as legacy banks: BOK

Korea's financial authorities should introduce a similar level of regulation to the cryptocurrency market as rules concerning legacy banks, since any possible financial fiasco from crypto trading may end up causing serious damage to the real economy, the Bank of Korea (BOK) said in a report Thursday.

Lee Min-hyung | 2023-05-19 09:26

Terraform Labs co-founders ready for legal battle despite escalating public ire

Terraform Labs co-founders ready for legal battle despite escalating public ire

Scandal-tainted Terraform Labs' co-founders - Kwon Do-hyung, better known as Do Kwon, and Shin Hyun-seong - are poised to engage in an all-out legal fight against criminal charges regarding the abrupt collapse of the firm's once-promising Luna coin. Both men have displayed a strong will to “prove their innocence” with their legal representatives. They have refrained from show...

Lee Min-hyung | 2023-05-14 16:27

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