Cryptocurrency

Terraform Labs co-founder Do Kwon to miss start of US SEC fraud trial

The cryptocurrency entrepreneur Do Kwon will likely miss at least the start of a March 25 civil trial on U.S. Securities and Exchange Commission fraud charges because of a delay in extraditing him from Montenegro, his lawyer said on Monday.

Feb 27, 2024

Terraform Labs co-founder Do Kwon to miss start of US SEC fraud trial

Fallen crypto mogul Do Kwon could face heavy sentence in US

Terraform Labs co-founder Do Kwon, who was apprehended in Montenegro over his alleged involvement in a $40 billion cryptocurrency fraud, is slated for extradition to the United States where he could potentially face a more severe sentence compared to what he might receive in Korea.

Feb 22, 2024By Anna J. Park

Fallen crypto mogul Do Kwon could face heavy sentence in US

Montenegro court says crypto entrepreneur Do Kwon should be extradited to US: WSJ

A court in the Balkan country of Montenegro has ruled that Do Kwon, the co-founder of the cryptocurrency firm Terraform Labs, should be extradited to the United States to face fraud charges rather than to his home country, Korea, The Wall Street Journal reported Wednesday.

Feb 22, 2024

Montenegro court says crypto entrepreneur Do Kwon should be extradited to US: WSJ

Political groups court young voters with pledges to ease virtual asset investment rules

Both the ruling and opposition parties are considering virtual assets as a strategy to appeal to young voters ahead of the April 10 general elections. The main opposition Democratic Party of Korea (DPK) took the initiative by promising to permit investments in and trading of Bitcoin exchange-traded funds (ETFs).

Feb 21, 2024By Lee Yeon-woo

Political groups court young voters with pledges to ease virtual asset investment rules

Naver and Kakao mark first major merger in crypto sector

The launch of a new coin, based on the merger of coins from domestic IT giants Naver and Kakao, was confirmed, Thursday. Recognized as the cryptocurrency market's first merger, the new coin raises anticipation about its impact on the market.

Feb 15, 2024By Lee Yeon-woo

Naver and Kakao mark first major merger in crypto sector

Suspicious transactions of virtual assets spike nearly 49% in 2023

Suspicious transaction reports (STR) involving virtual assets, such as cryptocurrency, rose sharply from a year earlier in 2023 while the number of cases referred to the prosecution nearly doubled, the financial regulator said Wednesday.

Feb 14, 2024

Suspicious transactions of virtual assets spike nearly 49% in 2023

Is Korea becoming playground for cross-border coin speculation?

Will Bitcoin continue to soar?

Bitcoin surpassed a year-to-date high of 67 million won ($50,000), propelled by the New Year rally effect, market watchers said Tuesday. It is the first time in 26 months since the figure exceeded the $50,000 mark set back in December 2021.

Feb 13, 2024By Lee Kyung-min

Korea to expel unfit cryptocurrency exchanges

Starting this year, cryptocurrency exchanges that are deemed unsuitable, due to failing to meet stringent standards, will be expelled from the marketplace, as financial authorities plan to strengthen scrutiny and inspection of them, the Korea Financial Intelligence Unit (KoFIU) said Monday.

Feb 12, 2024By Anna J. Park

Korea to expel unfit cryptocurrency exchanges

Binance to sell off GOPAX after yearlong regulatory standstill

Binance, the top global cryptocurrency exchange by trading volume, is moving to sell off its stakes in Streami, the operator of GOPAX, one of the top five cryptocurrency exchanges in Korea, according to market watchers, Wednesday.

Feb 7, 2024By Lee Kyung-min

Binance to sell off GOPAX after yearlong regulatory standstill

Punishment for cryptocurrency crimes to include life imprisonment

Starting in the second half of this year, crimes related to digital assets such as price manipulation, insider trading and unfair trading practices will be prohibited, as the country's first law on protecting digital asset investors will take effect on July 19. Individuals involved in such illegalities can face a maximum penalty of life imprisonment, if they are found guilty of pocketing a wrongful gain of over 5 billion won ($3.7 million).

Feb 7, 2024By Anna J. Park

Punishment for cryptocurrency crimes to include life imprisonment

23 24 25 26 27