South Korea
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When was iotx coin issued?
When was iotx coin issued? According to official news from iotx, iotX coin dist
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The Virtual Asset Investor Protection Act: A Step Towards Regulating Virtual Asset Transactions
According to reports, the South Korean National Assembly\’s Political Affairs Committee passed the first phase of the virtual asset bill, the \”Virtual Asset Investor Protection Act\”
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Luna Coin is Not a Security: Seoul South District Court Rules
On April 24th, the Seoul South District Court rejected the prosecution\’s appeal against the confiscation and preservation request of Terraform Labs co founder Daniel Shin, ruling t
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KODA and Polygon Labs Join Forces to Provide Hosting Services and Support Polygon Projects in South Korea
On April 24th, according to Hankyung, South Korean Digital Asset Company (KODA) announced a commercial agreement with Polygon Labs to provide hosting services for Polygon\’s main ne
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#**South Korean Crypto Exchange CEO Summoned for Accepting Kickbacks: What You Need to Know**
According to reports, the Financial Investigation Division 2 of the South District Prosecutor\’s Office in Seoul, South Korea has summoned Lee Sang-jun, CEO of Bithumb Holdings, a S
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South Korean Cryptocurrency Exchange CEO Summoned for Questioning Over Bribery Accusations
According to reports, the Financial Investigation Division 2 of the South District Prosecutor\’s Office in Seoul, South Korea has summoned Lee Sang-jun, CEO of Bithumb Holdings, a S
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Do Kwon found Trezor hardware wallet inside his body after being arrested, which is false news
According to reports, today\’s community spread the news that Terra founder \”Do Kwon discovered Trezor hardware wallet in his body after being arrested\”. After investigation, it was
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The Introduction
On April 18th, according to a report from the Korea Financial Services Commission to the Political Affairs Committee of the National Assembly, the Korea Financial Services Commissi
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Arrest Warrants Issued for Coinone Crypto Trading Head & Broker for Bribery and Coin Trading
On April 11th, it was reported that the Southern District Court of Seoul, South Korea, issued arrest warrants for Kim, former head of the Coinone cryptocurrency trading team, and H
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South Korean data and technology company SK Planet is building an Avalanche subnet for its tens of millions of users
On April 5th, Avalanche announced that SK Planet, a South Korean data and technology company, is building an Avalanche subnet for its tens of millions of users. Their subnet UPTN w
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Alchemy Pay Raises $10 Million to Expand Business in South Korea
On April 3rd, Alchemy Pay, a Singapore based cryptopayment service provider, announced that it would complete a $10 million financing with a valuation of $400 million. This round o
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South Korean Court Rejects Arrest Request for Terraform Labs Co-Founder Daniel Shin
According to reports, a South Korean prosecutor\’s request to arrest Daniel Shin, co founder of Terraform Labs, was rejected by a local court for the second time.
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Data Shows XRP Increased by 26% in the Past Week and Trading Volume Soared to Billions of Dollars
According to reports, data shows that XRP has increased by 26% in the past week, and XRP\’s trading volume has soared to billions of dollars in UpBit, Bithumb, and Korbit, the three
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Government Affairs Committee Sets 18 Virtual Asset Bills on Agenda
On March 28th, the Government Affairs Committee of the Korean National Assembly convened a bill subcommittee to put 18 bills related to virtual assets on the agenda. Among the 17 e
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The Scandalous Release of Do Kwon’s Arrest Scene on the Internet: A Deeper Look
On March 25th, it was reported that photos and videos of Do Kwon\’s arrest scene had been exposed on the internet.
Photo and video exposure of Do Kwon\’s arrest scene
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Extradition of Do Kwon, Founder of Terra Coins: Why Prosecutors are Seeking Extradition
According to reports, South Korean prosecutors will seek the extradition of Do Kwon, the founder of Terra coins. Early this morning, US prosecutors filed criminal fraud charges aga
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Virtual Assets Related Bill: What every investor in South Korea needs to know
It is reported that the South Korean Government Affairs Committee will hold the 1st Proposal Review Branch on March 28th to propose and discuss the legislation of the \”Virtual Asse
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South Korean Court Holds First Trial for Bithumb’s Actual Controller on Allegations of Stock Price Manipulation and Corruption
On March 22, a South Korean court today conducted its first trial of four people, including Jiang Zhongxian, the actual controller of Bithumb, on suspicion of manipulating stock pr
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Asia and Bitcoin: Is the Market Ready for a Rebound?
According to reports, cryptocurrency analyst Joseph Young said on social media that Asia has not driven a rebound in Bitcoin. Trading volume between South Korea and China is very l
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Bithumb Crypto Exchange Under Probe for Allegedly Accepting Money for Listing Cryptocurrencies
On March 17th, it was confirmed that employees of Bithumb, another cryptocurrency exchange in South Korea, after Coinone, were also being investigated by prosecutors for allegedly collecting money to list cryptocurrencies. The Financial Investigation Department 2 of the Southern Seoul District Attorney’s Office conducted an arrest and search on the Bithumb Holdings office and the suspect Lee. Bithumb employees are investigated by South Korean prosecutors for allegedly accepting bribes when the company launched cryptocurrency Analysis based on this information:The cryptocurrency exchange market has always been marked by its vulnerability to fraudulent practices and security breaches. In recent news, Bithumb, a major player in the South Korean cryptocurrency exchange market, has come under investigation for allegedly accepting bribes in exchange for listing cryptocurrencies. Following in the footsteps of Coinone, another South Korean cryptocurrency exchange, Bithumb now finds itself embroiled in allegations of money laundering and other malpractices. On March 17th, the Financial Investigation Department 2 of the Southern Seoul District Attorney’s…
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Avalanche Expands in Asia with Japan and South Korea as Key Markets
It is reported that Avalanche development company Ava Labs is hiring new employees in Japan and South Korea to accelerate its Asian business. Japan and South Korea have been key regions for Avalanche’s growth. Avalanche development company is recruiting new employees in Japan and South Korea to accelerate its Asian business Analysis based on this information:Ava Labs, the development company behind Avalanche, is expanding its operations in Asia. According to a recent report, the company is now hiring new employees in Japan and South Korea to accelerate its growth in these key markets. This move is a clear indication of the company’s commitment to expanding its footprint in Asia and capitalizing on the region’s rapidly growing crypto market. Japan and South Korea have been instrumental in Avalanche’s growth since the platform’s inception. Both countries have a strong crypto culture and a friendly regulatory environment that has allowed crypto startups to thrive. With its ability to process up to 4,500 transactions…
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Dunamu CEO Urges South Korean Government to Allow IE0 Cryptocurrency Trading Platforms
On March 16th, Lee Sir-goo, CEO of Dunamu, an operator of Upbit, a South Korean cryptocurrency trading platform, called on the government to allow the initial trading platform (IE0) of cryptocurrency trading platforms at the DCON 2023: Creating a Healthy Market Digital Assets Conference in Seoul, saying that the digital asset market needs to be differentiated from the existing market, and (IE0 legislation) has not been discussed in depth so far, Although the government has expressed its intention to do so. He said that even in the fledgling Token securities market, it is necessary to create digital financial innovation by encouraging the active participation of innovative blockchain companies. CEO Dunamu: Calls on the government to allow IE0, and the digital asset market needs to be differentiated from the existing market Analysis based on this information:Lee Sir-goo, CEO of Dunamu – the operator of the South Korean cryptocurrency trading platform, Upbit – recently called on the government to allow initial trading…
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Web3 Data Warehouse Platform Space and Time Forms Partnership with South Korean Game Company Wemake
It is reported that the Web3 data warehouse platform Space and Time has established a strategic partnership with South Korean game company Wemake, which will use Space and Time’s development tool suite to provide power for its game services. Data warehouses aim to combine on-chain and off-chain data in a trusted environment, enabling companies to conduct enterprise level analysis and conduct rapid transactions. Space and Time have reached a partnership with Korean gaming company Wemade Analysis based on this information:It has been reported that Space and Time, a Web3 data warehouse platform, has entered into a strategic partnership with Wemake, a South Korean game company. The main purpose of this partnership is to leverage Space and Time’s development tool suite to power Wemake’s game services. Data warehouses enhance the analytic capabilities of businesses in a trusted environment by aggregating both on-chain and off-chain data. By integrating these two sources of data, enterprises can perform rapid transactions and conduct enterprise-level analysis….
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Broker Arrested in Connection with Listing Fees Bribery Scandal in South Korean Cryptocurrency Exchange
On March 14, it was reported that the Financial Investigation Department of the Southern District Procuratorate of Seoul, South Korea, had arrested and prosecuted a broker surnamed Gao, who was accused of offering hundreds of millions of won of bribes when requesting Coinone to list tokens. The prosecution found that during the listing process of various virtual assets, including Pica tokens, a large amount of listing fees flowed into Coinone through him, and the prosecution is conducting further investigation. (Yonhap) South Korean prosecutors accused a broker surnamed Gao of bribery in the listing of Coinone Analysis based on this information:A recent report indicates that a broker surnamed Gao has been arrested by the Financial Investigation Department of the Southern District Procuratorate of Seoul, South Korea. Gao was accused of offering hundreds of millions of won of bribes to Coinone, a Korean cryptocurrency exchange, in order to list tokens. The prosecution found that there was a large amount of listing fees…
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South Korea Expresses Concerns About Bank of Silicon Valley Incident
On March 12, South Korea held a meeting on the Bank of Silicon Valley incident to focus on the side effects of the incident. South Korea said that volatility and uncertainty may increase due to the bank events in Silicon Valley. (See and hear from Wall Street) South Korea held a meeting on the Bank of Silicon Valley incident and paid attention to its impact Analysis based on this information:In a meeting held on March 12, South Korea expressed its concerns about the recent incident involving the Bank of Silicon Valley. The country’s officials gathered to discuss the potential side effects that this event could bring to the financial world. According to South Korea, the Bank of Silicon Valley incident could result in increased volatility and uncertainty, raising concerns among investors and leaders alike. The Bank of Silicon Valley incident relates to reports that the bank was involved in money-laundering schemes and other questionable practices. This news sent shockwaves through…
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South Korea to Use Yuan Universe for Local Services
According to reports, the South Korean Ministry of Science and Technology announced on Wednesday that it would invest 27.7 billion won (21 million US dollars) i