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Do Kwon set for extradition to South Korea after Montenegro court rejects appeal

The Montenegro Appellate Court rejected Do Kwon’s appeal on impending extradition to South Korea. Kwon was arrested last year following the collapse of Terra Luna and its stablecoin UST in…

South Korea allegedly calls on Interpol for Do Kwon’s extradition amid legal twists

According to local news, South Korea is now seeking Interpol’s help for Do Kwon’s extradition from Montenegro. Terra co-founder has successfully appealed the high court extradition orders severally. Montenegrin court…

South Korea won’t allow crypto ETFs despite US approval, official says

South Korea’s Financial Services Commission (FSC) will not allow crypto ETFs despite SEC’s approval of spot Bitcoin ETFs. An FSC official says the ban on financial instutitions with regard to…

Terra founder Do Kwon appeals against extradition to South Korea and the US

Do Kwon appeals his extradition decision. Kwon’s legal battle began on June 15 with a six-month detention for extradition. The High Court recently approved requests from South Korea and the…

South Korean Hana Bank and BitGo to launch joint crypto custody venture

Hana Bank and BitGo are expected to launch a crypto custody service in the second half of 2024. Hana Bank is interested in having tokenized deposit technology replace central bank…

Bitcoin Cash jumps to 14-month high amid South Korea volume spike

Bitcoin Cash has skyrocketed to a 14-month high above $320, hitting highs of $326 on Coinbase. BCH upside momentum has increased since Wall Street-backed EDX listed the coin alongside BTC,…

South Korean crypto exchange GDAC hacked for $13 million

South Korean exchange GDAC reported the hack early Monday. The exchange said the hackers stole nearly 61 BTC, 350.5 ETH, 10 million WEMIX tokens and 220,000 USDT. On-chain data shows…

South Korea’s Wemade partners with Space and Time to power next-generation blockchain gaming

Wemade and Space and Time want to use blockchain technology to power the next generation of GameFi. WEMIX CEO Shane Kim says “blockchain is the future of gaming.”  The partnership…

WEMIX price plunges 77% after South Korea’s crypto exchanges threaten to delist it

South Korea’s largest crypto exchanges have stated that the WEMIX tokens in circulation supply exceed what Wemix had disclosed. Key Takeaways South Korea’s largest crypto exchanges non-November 24 said they…

Cardano heads further south amid stablecoin launch. What holds for the token next?

The first stablecoin on Cardano (ADA/USD) has been launched. The USD-based stablecoin, iUSD, was launched by the decentralised synthetic asset issuance protocol, Indigo. The launch of iUSD comes two months after…