Crypto Custody Firm Launches First-Ever Won-Backed Stablecoin on Avalanche
TL;DR South Korea’s BDACS has unveiled KRW1, the country’s first stablecoin fully backed by the won, running on the Avalanche blockchain. The launch is currently a
south korea (Latest Publications)
Upbit Operator Dunamu Unveils GIWA, a New L2 Chain + Wallet
TL;DR GIWA Chain Launch: Dunamu introduced GIWA Chain, a layer-2 blockchain using Optimistic Rollup tech, designed to stack data securely and support smart contracts. It’s currently
KuCoin Eyes South Korea Comeback After Nailing Key Global Markets, CEO Says
TL;DR KuCoin is considering a return to South Korea after being excluded due to recent restrictions on unregistered exchanges imposed in the country. The company will
Upbit and Bithumb Suspend Synthetix Deposits Citing sUSD Volatility Threats
TL;DR Upbit and Bithumb suspended SNX deposits following a DAXA warning over risks posed by sUSD’s instability. The drop of sUSD to $0.68 and SNX’s 26%
Do Kwon Could Face Prison in Both US and South Korea, Prosecutor Says
The co-founder and CEO of Terraform Labs, Do Kwon, may face imprisonment in both the United States and South Korea, as revealed by a senior South
South Korean officials seek to arrest Daniel Shin, Do Kwon’s colleague
South Korean authorities have intensified their attempts to arrest Shin Hyun-Seong (Daniel Shin), Terra’s second co-founder, after the alleged “runner,” Terraform Labs’ founder Do Kwon, was
Crypto Exchange Bithumb Ex Chair Acquitted of Fraud Charges
Lee Jung-hoon, the South Korean crypto exchange Bithumb’s former chairman who was accused of fraud charges totaling $70 million, was found “not guilty” by the 34th
Digital ID on Blockchain Will Boost South Korea’s Economy
It is estimated that the South Korean government will begin offering a digital identity secured by blockchain to every citizen who owns a smartphone as part
South Korea Makes First Arrest in Terra/Luna Investigation
South Korean authorities make the first arrest in the ongoing Terra/Luna investigation capturing Terra’s Head of General Affairs, Yoo Mo.
Interpol Issues Red Notice For Do Kwon
The Co-Founder of Terraform Labs, Do Kwon is subject to strict actions from law enforcement agencies. In a recent development, Interpol has issued a red notice
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