ICON commits $200M to interoperability incentive fund
The South Korean blockchain hopes to fund its interoperability technology to create new cross-chain applications. Go to Source Powered by WPeMatico
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Presidential Candidate in South Korea to Raise Funds in Cryptocurrency, Issue NFTs
Lee Jae-myung, nominated by the ruling party in South Korea for the upcoming presidential elections this spring, is preparing to raise funds in cryptocurrencies and issue non-fungible tokens for supporters. His campaign hopes that the initiative will woo young and tech-savvy Korean voters whose interest in digital assets is growing. Ruling Party of South Korea … Read more
Coinone will stop withdrawals to unverified external wallets
The exchange plans to verify users’ names and resident registration details to ensure crypto transactions were “not used for illegal activities such as money laundering.” Go to Source Powered by WPeMatico
Upbit crypto exchange’s blockchain sister firm raises $60M
Upbit operator Dunamu plans to expand its joint NFT venture with South Korean entertainment firm HYBE. Go to Source Powered by WPeMatico
Finance Committee Approves Legislation Delaying Crypto Tax in South Korea
Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead of Election, Major Parties Support Tax Break for Crypto Investors … Read more
Law Decoded: India ponders going full China on crypto, Nov. 22–29
The world’s sixth-largest economy could adopt a hardline stance against decentralized cryptocurrencies as soon as this winter. Go to Source Powered by WPeMatico
South Korea embraces the proto-Metaverse
South Koreas will be immersed in the Metaverse sooner than later, as industries and public services begin rolling out virtual avatars and applications across the country. Go to Source Powered by WPeMatico
South Korean lawmakers push back against controversial “know-the-sender” rule
If passed, more stringent reporting requirements would apply to domestic and international transactions, which some say would damage the growth of the industry. Go to Source Powered by WPeMatico
Animoca Brands unveils plans for K-pop NFT metaverse
Animoca Brands has announced it will partner with Korean record label Cube Entertainment to build a “K-pop metaverse.” Go to Source Powered by WPeMatico
Ukraine Security Service Busts Criminal Group Selling Bitcoin-Stealing Malware
Law enforcement authorities in Ukraine have exposed a crime ring specializing in cryptocurrency theft and laundering of illicit funds for hackers. The gang, which provided services to clients on the darknet, has been dismantled as a result of a joint operation carried out with the United States. Cybercriminals From Ukraine Launder Millions, Offer Flash Drives … Read more