Korea

South Korea’s Central Bank Takes ‘Cautious Approach’ to Bitcoin Reserve Possibility

South Korea's central bank has ruled out Bitcoin as a foreign exchange reserve asset, citing high volatility and potential transaction costs during market instability.Casa's...

North Korea’s Lazarus Group Transitions Focus from Banks to Cryptocurrency Firms, Linked to Multiple High-Profile Thefts

north korea is believed to be the only nation leveraging Hacking capabilities specifically for financial gain, though it doesn't officially acknowledge Lazarus Group.Cryptocurrency firms...

FBI: North Korea Behind Record $1.5 Billion Crypto Heist from Bybit

FBI has attributed the record $1.5 billion Bybit cryptocurrency heist to North Korean Hackers, identifying the attack as "TraderTraitor."Stolen assets are being rapidly converted...

South Korea to Allow Corporate Crypto Trading in Phased Rollout, Financial Firms Still Restricted

South Korea will allow corporates to trade cryptocurrencies in a phased approach starting with non-profits and universities in H1 2024. Listed companies must have minimum...

South Korea’s Sogang University AI Lab Adopts Theta EdgeCloud for Advanced Language Research

Sogang University's Language & Data Intelligence Laboratory becomes EdgeCloud's twentieth academic and enterprise customer. The partnership expands Theta's academic network in South Korea, joining institutions...

South Korea’s Martial Law Halts Crypto Reforms, STO Plans Pushed to 2025

South Korea's martial law declaration halts crypto sector reforms until political crisis resolves. Securities token offerings and corporate crypto accounts implementation delayed indefinitely. Crypto taxation postponed...

The AI Lab Partners with Theta EdgeCloud to Power AI Education in South Korea

The AI Lab, a South Korean e-learning provider, signs multi-year agreement to use Theta EdgeCloud's GPU resources Partnership targets $500 billion e-learning market, following recent...

Samsung and Bank of Korea Collaborate to Explore Offline Central Bank Digital Currency for Seamless Transactions

Samsung is exploring the possibility of creating a digital currency in cooperation with the Bank of Korea, the central bank of South Korea.In...

Latest news

Prosecutors Weigh Charges Against Dragonfly Over Tornado Cash Ties

U.S. prosecutors are considering charges against Dragonfly Capital over its investment in Tornado Cash’s developer.Dragonfly Capital invested $882,000 in...

Prosecutors Weigh Charges Against Dragonfly Capital Over Tornado Cash

Prosecutors in New York said they may file criminal charges against employees at Dragonfly Capital for a 2020 investment...

US, UK Employees Risk Data Leaks Using Chinese GenAI Tools, Study Finds

Employee use of Chinese generative AI tools in the US and UK is widespread and often unsanctioned. Researchers found over...

Must read