South Korea launches Metaverse Fund to expedite domestic initiatives
With the help of the Metaverse Fund, South Korea will support the mergers and acquisitions of various firms from the metaverse ecosystem. Go to Source Powered by WPeMatico
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South Korea Doubles Down on Metaverse, Announces $51 Million Investment in Related Projects
The Ministry of Science and ICT of South Korea has approved investments of $51 million in various metaverse projects, doubling down on its metaverse bet for the future. The investment includes a fund for supporting the growth of metaverse companies and another special investment to build several services including region-specific projects. South Korea Continues Investing … Read more
South Korea saw over $4B in unregistered crypto transactions in 2022
The money was aimed primarily at buying foreign crypto assets with the intention of selling them on the domestic market. Go to Source Powered by WPeMatico
South Korea’s Kimchi premium turns to discount
The “Kimchi premium” has flipped to discount again, and could be saying something about crypto market sentiment, at least in South Korea. Go to Source Powered by WPeMatico
Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs
Delphi Lab’s general counsel said the SEC was being “more thorough than usual” in its lawsuit against Terraform Labs and its co-founder Do Kwon. Go to Source Powered by WPeMatico
South Korea to examine crypto staking services following the Kraken case
No details on the timeline and methods of the examination were provided, but reportedly it would be conducted moderately as no wrongdoings have been registered in the country. Go to Source Powered by WPeMatico
Regulation comes for crypto staking: Law Decoded, Feb. 6–13
Even the SEC Commissioner has publicly rebuked her agency over the shutdown of Kraken’s crypto staking program. Go to Source Powered by WPeMatico
Seoul Sanctions North Korea Over Crypto Theft
South Korea has imposed sanctions on the North in relation to a number of cyberattacks often resulting in the theft of cryptocurrency. The authorities in Seoul say the regime in Pyongyang is using the digital assets to fund its nuclear and missile development projects. South Korea Hits North Korean Hackers With First Cybercrime Sanctions The … Read more
South Korea sets independent sanctions for crypto theft against North Korea
The sanctions against several well-known individuals and hacking groups came just hours after S. Korea announced a joint cyber venture with U.S. intelligence agencies against ransomware threats. Go to Source Powered by WPeMatico
North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils
The regime in North Korea has managed to steal more cryptocurrency last year than in previous years, according to a draft U.N. report. Despite the difference between quoted estimates, the authors conclude that 2022 was a record-breaking year for crypto theft, to be blamed on the hermit state. Cybercrime Groups Linked to North Korea Get … Read more