South Korea

South Korea

Markets

South Korean Soccer League Tokenizes Players for Fantasy Football Game

A new licensing agreement between the South Korean soccer league and Sorare will bring on over 400 K League players on to the fantasy soccer platform.

South Korea's K League will let fans create a sort of fantasy team using blockchain tokens representing players. (Waka77/Wikimedia Commons)

Markets

North Korean Hackers Ramp Up Efforts to Steal Crypto Amid Coronavirus Pandemic

Notorious hacking group Lazarus is said to be increasing its efforts to steal cryptocurrency from traders and industry professionals during the COVID-19 crisis.

Pyongyang, North Korea (Credit: Shutterstock)

Policy

South Korean Central Bank Accelerates Digital Currency Pilot to Keep Up With Other Nations

The Bank of Korea has historically been skeptical about CBDCs, but now it's having to keep up.

Credit: Shutterstock

Policy

Alleged Mastermind of Sex Abuse Chatrooms Hid Payments With Privacy Coin Monero

The 25-year-old used the cryptocurrency monero to obfuscate payments for abusive sexual material, according to a CoinDesk Korea investigation.

Cho Ju-bin revealed to reporters in Seoul. Credit: Joint coverage CoinDesk Korea/Hankyoreh

Markets

Bithumb Taps Chainalysis for FATF-Grade Crypto Investigation Tool

The Bithumb exchange is tapping investigative tools offered by Chainalysis just a week after South Korea voted for tough new laws around the space.

"Bithumb had an immediate need for Reactor to manage their hack last year, and wanted to focus on boosting their investigative skills," said Chainalysis' Maddie Kennedy. Image by Danny Nelson

Policy

South Korean Lawmakers Greenlight Strict Crypto AML Bill

South Korean lawmakers voted to place tough new requirements on cryptocurrency exchanges, adding legitimacy to the country’s sprawling crypto economy – and potentially triggering a market consolidation.

The legislation may spell bad news for questionable ICOs. (Image via: Sean Pavone / Shutterstock)

Markets

Why Bitcoin Mining Might Be the New Business Model for US Power Plants

South Korea gets legal recognition for crypto, New York power plant mines BTC and the end of the intranet era for enterprise blockchain?

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Finance

Korean ICO Project Shuts Down, Says 'Negative Perceptions' of Crypto Made Business Impossible

Contents Protocol will refund approximately $7.5 million worth of ether back to investors.

Credit: Shutterstock

Policy

South Korea Considers 20% Crypto Income Tax

Officials from the Ministry of Economy and Finance's income tax office have reportedly been reviewing the proposal.

Credit: Shutterstock

Policy

Bithumb Exchange Fighting Back Against 'Groundless' $69M Tax Bill

The South Korea-based exchange is fighting a move by the country's tax authority to withhold over $69 million in tax on foreign cryptocurrency transactions.

(Primakov/Shutterstock)