Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,195,315,277,109.39
  • 24h Vol: $104,855,215,533.17
  • BTC Dominance: 55.96%

South Korea

terraform-labs-ceo-do-kwon-faces-extradition-to-south-korea

Terraform Labs CEO Do Kwon Faces Extradition to South Korea

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According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea. Montenegro Police’s Account of the Falsified Travel Documents Found […]

Terraform Labs CEO Do Kwon Faces Extradition to South Korea Read More »

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Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday

Leave a Comment / Asset, Bitcoin, Bitcoin (BTC), Bitcoin Price, Blockchain, BTC Prices, BUSD, CHF, Crypto Hacked, Cryptocurrency, Digital Assets, ETH, Ethereum, EUR, Finance, gbp, global market, Greenback, investment, JPY, kimchi premium, KRW, market, Market Cap, Market Capitalization, Market Updates, Market Valuation, South Korea, Tether, Trading Pairs, TRY, USD, USDC, USDT, UST collapse / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Bitcoin reached a high of $28,422 per unit on Sunday at around 3 p.m. Eastern Time as the leading cryptocurrency has continued to rise during the last week. Since last Sunday, bitcoin has increased in value by 37.9% against the U.S. dollar, and the cryptocurrency’s overall market capitalization has swelled to $546 billion. Global Cryptocurrency

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Dubai Free Trade Zone Partners With South Korean Companies to Expand Web3 and Metaverse Business

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The Dubai Multi Commodities Centre, one of the biggest free trade zones in the world, signed agreements with governments and companies in South Korea to bring more Web3 and metaverse businesses to the emirate. The objective of this move is to consolidate the status of Dubai as an international blockchain hub in the region. Dubai

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Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse

Leave a Comment / Alexander Osipovich, Algorithmic stablecoin, Bitcoin, Blockchain, CHAI, Charges, co-founder, Crypto Hacked, Cryptocurrency, Daniel Shin, dismissal, DOJ, Dubai, Ethereum, FBI, Fraud, Investigation, investigators, lawyer, LUNA, Luna 2.0, Money Laundering, multibillion-dollar, News, probe, relationship, SDNY, SEC, securities fraud, Serbia, Social Media, South Korea, south korean, Terra USD, terraform labs, TFL CEO, unusual, UST, Wall Street Journal / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) are reportedly investigating the collapse of the algorithmic stablecoin terra usd (UST) and the firm Terraform Labs. Unnamed sources say that former staff members from Terraform Labs, the company behind the Terra blockchain project, have been questioned by U.S. law enforcement. Unusual Relationship:

Report: DOJ and FBI Investigating Terraform Labs in Connection to Algorithmic Stablecoin Collapse Read More »

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Seoul Sanctions North Korea Over Crypto Theft

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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

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North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils

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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

North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils Read More »

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Korean Government to Adopt Cryptocurrency Tracking System Within 5 Months

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The South Korean government will adopt a cryptocurrency tracking system within the first half of this year, the country’s Ministry of Justice reportedly announced. The tracking system will be used to monitor and analyze crypto transactions, particularly to uncover the sources of illegal funds. South Korea to Start Tracking Crypto Transactions in 1H South Korea’s

Korean Government to Adopt Cryptocurrency Tracking System Within 5 Months Read More »

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Korean Court Orders Crypto Exchange to Pay Customers Suffering From Service Outage

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South Korea’s supreme court has upheld the ruling for Bithumb, the country’s largest cryptocurrency exchange, to pay damages to more than a hundred customers who filed a lawsuit claiming they suffered financial losses resulting from the exchange’s service outage. Bithumb Ordered to Pay Customers Over Service Outage The South Korean supreme court has issued a

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Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China

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A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a surge in international remittances to China. Examination of Overseas Remittances to China Uncovers Strong Correlation with South Korea’s ‘Kimchi Premium’ According to a study

Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China Read More »

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Huobi Korea Plans to Cut Ties With Parent Company, Strengthen Domestic Presence

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According to a report from South Korea, the Korean subsidiary of Huobi Global is planning to cut ties with the parent company. The management of the trading platform stated that they plan to “strengthen its position” as a domestic cryptocurrency exchange and change its name. Huobi Experiences Significant Withdrawals as Subsidiary Huobi Korea Looks to

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