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FTX spillover continues to spread as 2 more crypto exchanges initiate layoffs

As Sam Bankman-Fried's crypto saga carries on, crypto exchanges OSL and Amber have slashed costs an…

Phil Rosen   


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Binance CEO says the crypto exchange seized $5.8 million from a North Korean network behind a recent $620 million Axie Infinity hack

"The DPRK hacking group started to move their Axie Infinity stolen funds today," said Binance CEO C…

Carla Mozée   


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Bitfront is the latest ailing crypto exchange to shutter following FTX's collapse

Bitfront says its closure is unrelated to "certain exchanges that have been accused of misconduct."…

Morgan Chittum   


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2 mins read

Not just China, South Korea is betting big on metaverse too – plans to spend $187 million to build its national ecosystem, form a Digital New Deal

South Korea wants to become the fifth-largest metaverse market in the world by 2026. Seoul aims to …

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Goodbye bitcoin 'kimchi premium'? Regulator says all 200 of South Korea's crypto exchanges could be shut down, report says

Under new regulations, all 200 of South Korea's crypto exchanges could be shut down according to re…

Sophie Kiderlin   


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Asian investors can buy and sell US stocks before Wall Street wakes up after Samsung launches a South Korean trading service

Asian investors can trade US stocks in real time during South Korean trading hours thanks to a new …

Hamza Fareed Malik   


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4 mins read

After seizing $47 million from crypto tax dodgers, South Korea is looking to tighten the net

Cryptocurrencies will no longer serve as a tax haven for investors in South Korea. The tax authorit…

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2 mins read

Satellite photos appear to show that North Korea has paused supplying artillery shells to Russia, reports say

Satellite photos appear to show that North Korea has paused supplying artillery shells to Russia, r…

Cameron Manley   


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South Korea is reportedly considering 'contingency plans' for currency exchange volatility as the won drops to 13-year lows against the dollar

The US dollar has gained about 18% this year against South Korea's won as the Fed ramps up interest…

Carla Mozée   


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3 mins read

Apple and Google asked to axe crypto ‘money-making’ games by South Korea

According to Naver, the GMC has not only reached out to the two tech giants – Apple and Goog…

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2 mins read

Metaverse ETFs are booming in South Korea amid retail trader demand

Four of South Korea's metaverse ETFs have rallied more than 24% since October, Bloomberg said in it…

Natasha Dailey   


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North Korean hackers are getting away with a lot less crypto even as theft attempts rise

Among the 20 hacks by North Korean-affiliated cybercriminals last year, the total amount of crypto …

Yuheng Zhan   


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Digital Currency Group's crypto exchange axes 35% of its staff in the latest round of industry layoffs

After DCG's gargantuan losses from FTX and Three Arrows Capital, Luno's layoffs are yet another blo…

Morgan Chittum   


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3 mins read

North Korea's ramped-up weapons testing is running through a 'to-do' list, US official says as it issues new warnings

North Korea's military has increased its development and testing of a variety of assets, from missi…

Chris Panella   


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Crypto exchange Binance ends derivatives trading and other offerings in South Africa

Binance will cease offering futures, options, margin, and leveraged trading in South Africa. Users …

Isabelle Lee   


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South Korea will hit cryptocurrency transactions with a 20% tax starting next year

Capital gains on crypto transactions must be reported on general income taxes in May 2023, accordin…

Carla Mozée   


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2 mins read

Indian-American jeweller Monishkumar Shah indicted in multi-million dollar international trade fraud

A jeweller, based out of both Mumbai and New Jersey, has been indicted for illegally evading custom…

PTI   


Phil Rosen   


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FBI says North Korea-backed hackers stole $100 million from crypto firm Harmony's Horizon Bridge

US prosecutors confirmed that Lazarus Group and APT38 were behind a June hack on crypto firm Harmon…

Ryan Hogg   


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2 mins read

Hackers tied to North Korea stole $630 million in crypto last year in their biggest haul ever, UN reportedly finds

"It isn't a stretch to say that cryptocurrency hacking is a sizable chunk of the nation's economy,"…

George Glover