Korean crypto startup Uprise to compensate investors after disastrous LUNC short trade
The investment startup made a short bet on LUNC in May using client funds. The trade blew up and wiped out 99% of its assets.
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South Korea postpones 20% tax on crypto gains to 2025
The delay comes just a couple of months after newly elected president Yoon Suk-yeol promised to work on regulations first.
Korean Prosecutors Raided 7 Crypto Exchanges With Connections to Terraform Labs (Report)
South Korean prosecutors raided seven local crypto exchanges to investigate a fraud case linked to Terra’s implosion. The operation is to determine if the collapse of the Terra ecosystem was…
South Korean authorities raid 15 entities linked to Terra collapse: Report
The Seoul Southern District Prosecutors Office reportedly raided the offices of crypto exchanges Upbit, Bithumb, Coinone, Korbit and Copax, among others on Wednesday.
Korean Fintech Giant Dunamu to Create 10,000 Web3 Jobs and Invest $380 Million (Report)
Dunamu – the company behind South Korea’s leading crypto exchange Upbit – plans to invest 500 billion won ($380 million) in the next five years and create approximately 10,000 new…
Korean fintech giant plans to create 10K Web3 jobs amid bear market
Dunamu would open offices in major cities and create about 500 new startups focused on NFTs and the Metaverse.
Law Decoded, July 4–11: Access denied for crypto-owning policymakers
An advisory notice from the United States Office of Government Ethics intends to leave the hodlers out of decision-making on crypto.
Spain to Offer Grants for Metaverse Companies
The government of Spain has announced it will issue a series of grants and aid for metaverse-related developments. The individuals and companies interested in receiving these grants will have to…
South Korea’s Largest Mobile Operator to Introduce a Web3 Wallet: Report
The largest mobile operator in South Korea – SK Telecom – reportedly joined forces with crypto firms AhnLab Blockchain Company and Atomrigs Labs to release a digital wallet. The feature…
Major South Korean telecom company plans launch of blockchain wallet for crypto and NFTs
In 2020, the company also launched a wallet for blockchain-powered digital certificate storage aimed at addressing certifications amid the COVID-19 pandemic.
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