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Solana Ventures has revealed the launch of a $100 million fund dedicated to Web3 startups in South Korea. According to Solana Labs’ general manager Johnny Lee, the capital will be dedicated to non-fungible tokens (NFTs), decentralized finance (defi), and game finance (gamefi) development. Solana Ventures Reveals $100 Million Web3 Fund Dedicated to Finding Talent and … Read more
South Korean authorities are currently investigating Terraform Labs and its employees on several charges including tax evasion and market manipulation. Go to Source Powered by WPeMatico
Crypto regulations in South Korea require exchanges to enforce strict KYC and AML guidelines and major crypto exchanges have delisted privacy coins in the past as well. Go to Source Powered by WPeMatico
Last week brought some notable reactions to the stablecoin’s depegging in the East Asia region. Go to Source Powered by WPeMatico
South Korea announced Digital Assets Committee, launched an investigation and met with Asia-Pacific financial authorities. Go to Source Powered by WPeMatico
South Korea’s rising interest in nascent tech could prompt other nations to take up the idea of metaverse more seriously. Go to Source Powered by WPeMatico
The government of South Korea has announced it will start investing in metaverse projects directly. More than $177 million dollars will be invested to kickstart national jobs and companies in this field, according to statements made by Lim Hyesook, minister of science and information and communication technologies. South Korea is one of the first countries … Read more
The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic (USTC) holders. However, on Tuesday the Terra development team revealed that some Terra token owners “received less LUNA from the airdrop than expected,” … Read more
It’s been two days since the Terra development team launched the new Phoenix-1 blockchain with the network’s native token LUNA. While the token dropped significantly in value during the first day of trading, the new LUNA has jumped 8.8% in value during the last 24 hours. Amid the token’s 24-hour rise, controversy continues to plague … Read more
South Korean authorities are reportedly looking at the Terra crash to check for signs of intentional price manipulation and other issues. Go to Source Powered by WPeMatico
