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South Korea
Crypto Exchange Gate.io to Help Busan, South Korea, Build Blockchain Infrastructure
The firm joins Binance, Huobi and FTX in inking paperwork with the city as it develops its nascent crypto market.
Crypto Exchange Bybit Spends $3.8M on Bithumb Shareholder T-Scientific's Convertible Debt
The Dubai-based exchange said it sees the investment as a means to expand into the Korean market.
South Korean Regulator Plans to Look at Stablecoins' Role in Money Laundering: Report
The country's Financial Services Commission considers stablecoins to be highly susceptible to money laundering, according to a new report.
South Korean Prosecutors Say Reports of Do Kwon’s Stopover in Dubai ‘Not False’: Bloomberg
Terra blockchain creator Do Kwon, who said he is not on the run, is rumored to have left Singapore for Dubai according to South Korean prosecutors telling Bloomberg. Merkle Science co-founder and CEO Mriganka Pattnaik discusses what we know so far and the outlook for algorithmic stablecoins. Plus, insights into tracking Luna Foundation Guard's bitcoin (BTC) reserves.
S. Korean Judge Reportedly Dismisses Arrest Warrant for Terra Exec Yu; Bitcoin Miner Marathon Invested $31M in Bankrupt Data Center Compute North
A South Korean judge canceled the arrest warrant for Yu, Terra's head of general affairs at Terraform Labs, according to Yonhap News. Plus, Marathon Digital’s investment of $31.3 million in bankrupt data center Compute North.
Do Kwon Has 14 Days to Return his Passport, Officials Say
The South Korean Ministry of Foreign Affairs posted a public notice on its website Wednesday announcing it would invalidate Terra creator Do Kwon’s passport, advancing a move the government first said it was considering last month. “The Hash” discusses the latest in the aftermath of Terra’s implosion.
South Korea To Invalidate Terra Founder Do Kwon’s Passport
CORRECTION: Since publication, the reporting and headline of Celsius executives withdrawing crypto has been corrected to $17 million based on documentation provided by CTO Nuke Goldstein’s lawyers, who showed that most of his apparent withdrawals were sent to other accounts at Celsius. The original headline indicated a figure of $42 million. CoinDesk's Nikhilesh De also discusses the latest developments surrounding South Korean officials announcing it would invalidate Terra creator Do Kwon's passport.
Terra's Do Kwon Refutes Report That South Korean Prosecutors Froze $39.6M of His Crypto
Do Kwon tweeted in part on Wednesday, "Once again, I don't even use Kucoin and OkEx, have no time to trade, no funds have been frozen," in response to CoinDesk's story summarizing News1's reporting that South Korean prosecutors have frozen $39.6 million worth of his cryptocurrency assets. CryptoQuant Head of Marketing Hochan Chung weighs in.
Do Kwon Denies Report That South Korean Prosecutors Froze $39.6M of His Crypto
Do Kwon, the CEO of Terraform whose failed stablecoin project rocked markets earlier this year, denied a media report that South Korean prosecutors have frozen 56.2 billion won ($39.6 million) of his cryptocurrency assets. “The Hash” panel discusses what this means for the crypto industry at large.
South Korean Prosecutors Reportedly Froze $39.6M of Crypto Tied To Do Kwon
Prosecutors in South Korea have frozen $39.66 million of cryptocurrency assets belonging to Terraform Labs CEO Do Kwon, according to Korean media outlet News1. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the report and Do Kwon's response on Twitter.