SEOUL, June 10 (Korea Bizwire) — A lawmaker of the ruling Democratic Party (DP) on Tuesday introduced a bill allowing companies to issue stablecoins pegged to the South Korean currency, in what would be another boost for the cryptocurrency market. Rep. Min Byung-dug of the DP said the bill also seeks to establish a digital [...]
WASHINGTON, Dec. 19 (Korea Bizwire) — Hackers linked to North Korea stole more than US$1.3 billion from crypto platforms this year, marking the largest ever annual amount that they have raked in from hacking activities, a report from a blockchain analysis firm showed Thursday. Chainalysis released its analysis on North Korea-affiliated hackers’ activities, saying that [...]
SEOUL, Dec. 10 (Korea Bizwire) – Major South Korean cryptocurrency exchanges have initiated compensation procedures for service disruptions that occurred during the December 3 martial law crisis. The exchanges are accepting compensation claims to minimize investor losses caused by access problems and delayed transactions, with some already having completed partial reimbursements. According to industry sources, leading exchanges [...]
SEOUL, Oct. 17 (Korea Bizwire) — North Korean hackers have stolen an estimated US$3 billion worth of cryptocurrency since 2017, using the funds to support the regime’s nuclear and missile programs, a Microsoft report showed Thursday. Of that amount, between $600 million and $1 billion was stolen just last year, based on Microsoft’s Digital Defense [...]
SEOUL, July 19 (Korea Bizwire) — North Korea stole a total of US$700 million worth of cryptocurrency last year, equivalent to the money that would enable the country to fire 30 intercontinental ballistic missiles, South Korea’s state intelligence agency said Wednesday. “We’ve confirmed that North Korea took $700 million in virtual assets in two separate [...]
NEW YORK, June 9 (Korea Bizwire) — Following its recent success, Bitmanu is pleased to announce a 3 Plus 1 promotional offer for its suite of ASIC miners. The company’s BM 1, BM 2, and BM Pro miners have already made a strong impact on the market with their unmatched hash-rates. The just launched promotion will continue [...]
LONDON, Feb. 21 (Korea Bizwire) — One of the UK’s leading supercar hire companies has just launched a cryptocurrency payment system to rent the world’s most impressive supercars. Customers can now choose to pay to for selection of over 100 supercars from 28 luxury marques in Bitcoin or Ethereum cryptocurrency as well as in Pound Sterling. One [...]
SEOUL, Jan. 18 (Korea Bizwire) — Prosecutors have indicted 20 people on charges of illegally remitting about 4 trillion won (US$3.2 billion) worth of funds overseas to buy cryptocurrencies abroad and sell them back in South Korea at a premium, officials said Wednesday. The Seoul Central District Prosecutors Office, in collaboration with the Seoul branch [...]
SEOUL, Dec. 29 (Korea Bizwire) — The cryptocurrency account of Kim Jung-ju, the deceased founder of gaming giant Nexon Co., was hacked, resulting in the loss of more than 8.5 billion won (US$6.7 million), court documents showed Thursday. The Seoul Eastern District Court convicted a 39-year-old man, whose identity has been withheld, for illegally copying [...]
SEOUL, Nov. 25 (Korea Bizwire) — Chang Hyun-guk, CEO of Korean game publisher Wemade Co., said Friday that he will take legal action against the recent decision to delist its cryptocurrency Wemix from major crypto exchanges in South Korea. The move came a day after the Digital Asset eXchange Association — an alliance formed by [...]