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“# ‘Poopcoin’: Korean professor uses bio-waste to mine crypto ” “Shitcoin” may no longer be solely a term used to describe altcoin projects with questionable value propositions, as one South Korean university professor has taken the term to a more literal dimension. Cho Jae-weon of the National Institute of Science and Technology in Ulsan, South…
“# Korean investigation finds $1.48B in illegal overseas crypto transactions ” An interagency investigation into suspected crypto fraud and money laundering in South Korea has led to the discovery of 1.69 trillion won (about $1.48 billion) in illegal overseas cryptocurrency transactions. According to The Korea Times, 33 people have been implicated by the Seoul Central…
“# Young Koreans’ debt soars as they turn to crypto, stocks and real estate ” Household debt for younger Koreans — those born from the 1980s onward — has surged to $22.7 billion, up from $3.9 billion from last year. Data from South Korea’s Financial Supervisory Service (FSS), released today by Representative Kim Han-jeong of…
“# Bithumb Hong Kong subsidiaries reportedly face civil suit from Thai partner ” Bithumb’s Hong Kong affiliates are reportedly facing a civil suit for breach of contract. According to a Tuesday report by the Korea Times, the suit is being initiated by a former Bithumb partner in Thailand, which is accusing the South Korean-headquartered exchange…
“# South Korean Shinhan Bank joins Klaytn’s blockchain governance council ” Shinhan Bank, one of the largest banking institutions in South Korea, has entered into a partnership with Klaytn, a global blockchain platform developed by Kakao subsidiary Ground X. According to a Monday announcement, Shinhan Bank has joined Klaytn’s blockchain governance council, becoming a member…
“#S. Korea’s few surviving ‘comfort women’ face life’s end” SEOUL, July 2 – Fighting disease, death and disillusionment, members of South Korea’s rapidly dwindling sisterhood of surviving “comfort women” say they are facing the twilight of their lives with diminished camaraderie and will to wage political battles. Only 14 of the 240 registered survivors of…
“# Bithumb to ban employees from trading crypto on its platform ” Bithumb, a major South Korean cryptocurrency exchange, is moving forward with trading restrictions for its employees by banning its staff from trading on its platform. According to an official Friday announcement, Bithumb will completely ban its employees from buying or selling crypto using…
“#Seoul uses AI to detect, prevent suicide attempts on bridges” SEOUL – Is the young woman in the summer dress just admiring the view off the bridge? That is the question South Korean researchers and the emergency services are working to answer using artificial intelligence to detect and prevent suicide attempts. In this case it…
“# Crypto exchanges could sue Korean gov’t for ‘passing the buck‘ to banks ” With the implementation of new rules from South Korea’s Financial Services Commission (FSC), many smaller cryptocurrency exchanges in the country fear they will be forced to shut down. These rules require that each exchange must prove it has a real-name account…
“# Klaytn death cross debut coincides with a 57% KLAY price pump ” Bids for Klaytn’s native cryptocurrency KLAY spiked on Thursday after the South Korea-based public blockchain project confirmed its listing on Binance, one of the world’s top cryptocurrency exchanges by volume. #Binance Will List @klaytn_official $KLAYhttps://t.co/41yyLvHS0I — Binance (@binance) June 24, 2021 The…