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South Korea to Pump In a Whopping $12.8 Million into Blockchain Industry

South Korea to Pump In a Whopping $12.8 Million into Blockchain Industry

The adoption of blockchain technology is set to reach unprecedented levels in major countries, as recently announced by China’s President Xi Jinping. South Korea intends to follow suit based on the revelation made by the Ministry of Science and ICT that USD 12.8 million will be channeled to blockchain projects in 2020.

Bank of Korea Speeds up Digital Currency Research, States Central Banks are Driven towards DLT

Bank of Korea Speeds up Digital Currency Research, States Central Banks are Driven towards DLT

The Bank of Korea (BoK), South Korea’s central bank and monetary issuer, has released its research on the use of digital currencies and blockchain technology for the banking industry.

Cybersecurity Firm Kaspersky Warns of New Ransomware Devised by Notorious North Korean Ransomware Group

Cybersecurity Firm Kaspersky Warns of New Ransomware Devised by Notorious North Korean Ransomware Group

Multinational cybersecurity provider Kaspersky has announced that the notorious North Korean crypto criminal group, Lazarus, is planning on releasing a new ransomware.

Maduro: Venezuela to Activate Crypto Payment Method ‘Soon’

Maduro: Venezuela to Activate Crypto Payment Method ‘Soon’

Taking a page from North Korea, Venezuela is looking to skirt U.S. sanctions by using crypto. According to Bloomberg, Venezuelan President Nicolas Maduro announced a crypto payment method that they will activate “very soon.”

South Korea Passes Comprehensive Law Officially Legalizing Cryptocurrency Trading And Holding

South Korea Passes Comprehensive Law Officially Legalizing Cryptocurrency Trading And Holding

A day after India’s Supreme Court lifted the ban on cryptocurrencies, South Korea has followed in their footsteps as the nation’s National Assembly has amended the Act on Reporting and Use of Specific Financial Information. This move fully legalizes cryptocurrencies in South Korea.

The Story Behind Kakao and Klaytn's Blockchain Dominance in Korea

The Story Behind Kakao and Klaytn's Blockchain Dominance in Korea

During Hong Kong Fintech Week 2019 held on Nov. 4-8, Zachary Keats, the Director of Corporate Development at Klaytn and Ground X, shared his insights on blockchain adoption initiatives in Korea. Kakao, a South Korean internet company offering a platform of services including messaging, cab-hailing, and payments, has developed Klaytn, the blockchain business arm of the company.

North Korea Is Making Its Own Version of Bitcoin

North Korea Is Making Its Own Version of Bitcoin

The hermit state is reportedly in the early stages of creating its own cryptocurrency, Vice News reports.

North America To Get Its First Bitcoin Mining Pool to Rival China’s Crypto Mining Dominance

North America To Get Its First Bitcoin Mining Pool to Rival China’s Crypto Mining Dominance

US-based Titan crypto mining software company sets to launch the first Enterprise-Grade Bitcoin Mining Pool in North America.

US Intelligence Reveals Extent of North Korea’s “Hidden Cobra” Crypto-Dependent Cyber Crimes

US Intelligence Reveals Extent of North Korea’s “Hidden Cobra” Crypto-Dependent Cyber Crimes

US Intelligence Reveals Extent of North Korea’s “Hidden Cobra” Crypto-Dependent Cyber Crimes

North Korea Is Developing Own Crypto to Circumvent US Sanctions

North Korea Is Developing Own Crypto to Circumvent US Sanctions

North Korea has always been suspected for either indirectly or directly funding weapons or involved in some powerful projects of mass destruction using virtual currencies. The nation, recently, was accused of stealing cryptocurrencies worth $2 billion to facilitate the development of deadly weapons.

Bitcoin Most Popular Crypto in North America, Market Experts Report

Bitcoin Most Popular Crypto in North America, Market Experts Report

Bitcoin has always been the most popular cryptocurrency on the global market, but the region that is most invested in BTC assets appears to be North America.

US Treasury Sanctions Two Men Accused of Laundering Crypto for North Korean Cyber Crime Syndicate

US Treasury Sanctions Two Men Accused of Laundering Crypto for North Korean Cyber Crime Syndicate

The US Treasury Department Office of Foreign Asset Control has sanctioned two men believed to involved in laundering stolen cryptocurrency from a 2018 cyberattack against a cryptocurrency exchange.

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