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” In wake of Terra collapse, South Korea plans new crypto oversight committee: Report “ The Terra ecosystem’s rise and fall has had major consequences all around the world, but there’s no doubt that South Korea, the birthplace of its’ creator, was the most concerned country of them all. Amid signs that Terraform Labs co-founder…
” South Korean authorities reportedly probe staff behind Terra “ The South Korean government continues to investigate Terraform Labs, the firm behind the Terra Network as well as Luna (LUNC) and Terra USD (UST) tokens, by reportedly summoning subpoenas to employees. South Korean authorities have reportedly summoned all employees at Terraform Labs as part of…
” Korean watchdog begins risk assessment of crypto as Terra 2.0 passes vote “ The Korean Financial Supervisory Service (FSS) has announced that it will be standardizing the way in which virtual asset risk is assessed. According to a local news report, this is because it is currently tough to safeguard investors due to the…
“North Korea fires suspected ICBM and 2 other missiles: South Korea” North Korea test-launched a suspected intercontinental ballistic missile and two shorter-range weapons into the sea Wednesday, South Korea said, hours after President Joe Biden ended a trip to Asia where he reaffirmed the U.S. commitment to defend its allies in the face of the…
” Law Decoded: The long waves in the aftermath of UST’s crash, May 16-23 “ It’s been two weeks since the shock of the TerraUSD (UST) depegging, but the long waves of this event are still coming in. The Congressional Research Service described the UST crash as a “run-like” scenario and claimed that the crypto…
” South Korean police request exchanges freeze LFG related funds “ Crypto exchanges in South Korea have been issued notices from police requesting the sequestering of funds related to the Luna Foundation Guard. On May 23rd, 2022, Korean authorities sent a request to the top crypto exchanges in the country to prevent funds from being…
” Litecoin confidential transactions spook Korean exchanges “ The recent privacy-focused MimbleWimble upgrade on the Litecoin (LTC) blockchain has prompted two of Korea’s largest crypto exchanges to issue investment warnings about the fifth-largest cryptocurrency. Bithumb and Upbit, which together account for the majority of trading volume in South Korea, released statements on Monday, advising investors…
“Biden says monkeypox cases something to ‘be concerned about’” President Joe Biden said Sunday that recent cases of monkeypox that have been identified in Europe and the United States were something “to be concerned about.” In his first public comments on the disease, Biden added: “It is a concern in that if it were to spread it…
“US President Biden pushes economic, security aims as he ends South Korea visit” President Joe Biden tended to both business and security interests Sunday as he wrapped up a three-day trip to South Korea, first showcasing Hyundai’s pledge to invest at least $10 billion in the United States and later mingling with troops at a…
“Biden signs $40B Ukraine aid as Zelensky hints at ceding territory” President Biden signed the bill granting $40 billion in aid to Ukraine while attending a state dinner in South Korea, as Ukrainian leader Volodymyr Zelensky hinted he may be willing to cede territory to Russia to save civilian lives. The legislation, which passed Congress…