Terraform Labs appoints new CEO from existing team: Report
[Jul 20, 2023 2:18 AM] Chris Amani, a Terra employee since 2021, has reportedly been serving as the company’s CEO for months.
9 / 13 Relevant items tagged with #SouthKorea
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South Korean central bank charts out future course of payment systems, CBDC
[Jul 19, 2023 3:40 PM] The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country.
South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
[Jul 18, 2023 12:26 PM] The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project.
Ripple’s major success in its court battle with the SEC: Law Decoded, July 10–17
[Jul 17, 2023 2:00 PM] Ripple Labs scored a partial victory in its lengthy legal battle with the United States Securities and Exchange Commission, which dates back to 2020.
South Korea to ask firms to disclose crypto holdings from 2024
[Jul 12, 2023 6:05 AM] After initially mandating public officials to declare their crypto, the South Korean authorities now want all local firms to disclose such holdings.
South Korea Wants Companies to Disclose Crypto Holdings
[Jul 12, 2023 1:27 AM] Companies that issue or own crypto will have to make disclosures in their financial statements from next year onwards, say draft rules.
Legal proceedings start for Terraform Labs co-founder in South Korea: Report
[Jul 10, 2023 9:30 AM] Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin's trial preparations in South Korea are reportedly underway.
CryptoQuant Parent Raises $6.5M Round Led by Atinum Investment
[Jul 5, 2023 11:31 PM] The latest round brings the company's total capital raise to $9 million.
Crypto user moves $160M Bitcoin from Luna Foundation Guard wallet: Report
[Jul 5, 2023 12:49 PM] Blockchain data showed the wallet reportedly associated with LFG had a balance of roughly 6,983 BTC in October 2022, with transactions later moving funds to different addresses.
Robot guest-conducts the Korean National Symphony Orchestra
[Jul 3, 2023 4:34 AM] The android robot EveR 6 and conductor Soo-Yeoul Choi co-conducted a performance of six pieces with the Korean National Symphony Orchestra.
South Korea Passes Crypto Bill for User Protection
[Jul 2, 2023 11:52 PM] The bill marks the country's first step towards a digital asset legal framework.
South Korean crypto lending firm Delio under investigation by regulators
[Jun 30, 2023 12:30 PM] The firm allegedly denied having any exposure to troubled sister lending firm Haru Invest before suspending transfers earlier this month.
South Korea passes cryptocurrency bill to tackle unfair trading
[Jun 30, 2023 4:04 AM] South Korea’s crypto bill aims to establish a basis for imposing penalties and liability for damages caused by unfair cryptocurrency trading.
Bitcoin Cash Tops $300 as South Korean Trading Volumes Surge
[Jun 30, 2023 1:15 AM] The bitcoin cash-Korean won (BCH/KRW) pair listed on Upbit has registered a trading volume of $557.63 million in the past 24 hours. That's nearly 3.5 times
Report: Swiss Authorities Seize $26 Million in Cryptocurrency Linked to Terraform Labs and Do Kwon
[Jun 27, 2023 8:44 AM] Law enforcement officials in Switzerland reportedly seized approximately $26 million in bitcoin and other cryptocurrencies, believed to be linked to Terraform Labs and its co-founder, Do Kwon. Local media in South Korea revealed that the funds were…
South Korean Crypto Yield Firm Haru Invest Fires More Than 100 Employees: Report
[Jun 22, 2023 5:29 AM] Earlier this month, Haru Invest halted withdrawals and deposits.
Do Kwon gets 4 months in prison in Montenegro on fake passport charges
[Jun 19, 2023 8:17 AM] Terraform Labs founder sentenced to four months in jail after being found guilty of using a false Costa Rican passport.
SEC argues against Dentons' motion to dismiss Terraform and Do Kwon's lawsuit
[Jun 16, 2023 3:44 AM] Terraform and Do Kwon lawyers used a U.S. House hearing, Binance.US complaint and Hinman emails documents to dismiss the SEC lawsuit.
Do Kwon to Remain in Custody While Montenegro Courts Consider Extradition Request: Report
[Jun 15, 2023 4:14 PM] Courts in the country approved bail for the Terraform Labs founder, but a South Korea extradition request is set to keep him in jail.
Do Kwon heading into extradition custody in Montenegro after receiving bail: Report
[Jun 15, 2023 12:56 PM] The Terra Labs co-founder will be held for up to six months while the Montenegrin court considers South Korea’s extradition request.
Haru Invest files criminal complaint against consignment operator
[Jun 14, 2023 1:35 PM] The South Korean yield platform said it has filed a criminal complaint against B&S Holdings and plans to initiate civil proceedings as well.
South Korean Bitcoin lending platform Delio pauses withdrawals
[Jun 14, 2023 11:45 AM] The virtual asset manager and lending platform suspended withdrawals following challenges at Haru Invest, a similar entity.
Crypto yield platform Haru suspends transfers after investigation
[Jun 13, 2023 12:11 PM] The firm previously stated it had an issue with one of its service partners.
South Korean Crypto Yield Platform Haru Invest Pauses Withdrawals and Deposits
[Jun 13, 2023 1:08 AM] The firm blamed the pause on a “certain issue” with one of its service partners, and said it is working on a contingency plan, according to a blog update.
OpenAI CEO highlights South Korean chips sector for AI growth, willing to invest
[Jun 10, 2023 4:29 AM] Altman confirmed ongoing discussions with chipmaking companies like Samsung Electronics and expressed his willingness to further engage in the dialogue.
Do Kwon Moved $29 Million Worth of Coins Since Arrest, Prosecutor Says
[Jun 8, 2023 2:30 PM] Founder of Terraform Labs, Do Kwon, has withdrawn millions of dollars in crypto from an entity linked to his failed blockchain firm, investigators claim. South Korean authorities are now trying to locate the digital assets that have been allegedly…
Do Kwon could serve prison in both US and South Korea, prosecutor says
[Jun 7, 2023 11:10 PM] South Korean prosecutor Dan Sunghan says Kwon’s extradition to South Korea makes more sense but adds that the Terraform Labs co-founder could also serve time in the United States as well.
SEC lawsuit against Binance stalls Gopax acquisition deal in South Korea
[Jun 7, 2023 3:43 AM] The country’s financial watchdog claimed it was very difficult to accept the acquisition requests amid accusations of securities laws violations.
From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29
[May 29, 2023 1:30 PM] Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.
Crypto Exchange Coinone's Former Exec Acknowledges Bribery Charges in South Korea: Report
[May 26, 2023 3:09 AM] A lawyer for the accused reportedly said he admits "the facts of the prosecution," during a May 25 trial hearing.