Articles by

Danny Park

Danny is a journalist at Forkast.News. Originally from South Korea, Danny has produced content for media companies in Korea, Hong Kong and China. He holds a Bachelor of Journalism and Business Marketing from the University of Hong Kong.

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July 2022

Scarred by Terra-LUNA, South Korea moves ahead with digital asset reform

Aiming to uncover the next “BTS in finance,” Chairman Kim Joo-hyun of the Korean Financial Services Commission (FSC) is calling for “bold reforms” in financial regulations, including in crypto assets.

Bitcoin education accelerates adoption, lowers volatility: Ben Caselin, AAX

The price is bouncing back for the world’s favorite cryptocurrency and one Bitcoin expert tells Forkast now’s a good time to shift focus from price volatility to use cases.

Failed promises compel South Korea’s game makers to explore foreign shores

The country’s major game developers continue to focus on overseas markets as there are no signs of a thaw in the government’s stance on games that include elements of blockchain and play-to-earn.

CFTC Commissioner Pham suggests regulators stay tech-neutral on stablecoins

The crash of Terra-LUNA threw the entire crypto space into a dark funk, and raised questions about the safety and role of stablecoins. CFTC Commissioner Caroline D. Pham offers a regulators’ viewpoint at a Forkast+ exclusive event.

FastForkast headlines

S.Korea slaps ‘notification upon arrival’ on Terra’s Do Kwon

Illegal foreign exchange trading with Bitcoin ‘Kimchi Premium’ probed in S.Korea

FTX said to be in talks to acquire S. Korea crypto exchange Bithumb

Dunamu’s NFT venture with BTS’s HYBE to launch services later this year

South Korean prosecutors said to have raided Terra cofounder Shin’s residence

S.Korean metaverse firm Anipen raises US$8 mln in Series C

Kakao’s Ground X forms business alliance to expand NFT use cases, services

S.Korea prosecutors raid crypto exchanges as part of Terra-LUNA investigation

Crypto exchange Zipmex freezes withdrawals

US Justice Dept. seizes US$500K from North Korea-backed hackers

More than half of Bitcoin investors in SE Asia use the crypto to preserve wealth: report

Hyundai Motor runs NFT memberships for new IONIQ 6 EV

Terra subsidiary used as funds channel for overseas affiliates: report

Bitcoin hashrate slumps to lowest in over five months amid 100-degree-plus weather in Texas

South Korea’s Ifland metaverse dives into play-to-earn

Aespa, NCT’s SM Entertainment builds metaverse studio Kwangya

S. Korea’s Danal, LG CNS to build ‘one-for-all’ Web3 payments platform

South Korea’s SK Telecom to build its first Web3 wallet

3AC crypto contagion spreads to report

PSG sells US$220,000 NFT tickets for first Japan tour in 27 years

Singapore’s low taxes draw Japan’s Web 3.0 companies

Animoca says crypto winter ‘a great time’ for venture capitalists

South Korea may team up with US to investigate crypto crimes

South Korea’s Uprise said to have lost US$20 mln in client funds on LUNA short

South Korean convenience store CU helps bring booze culture to metaverse

S.Korean dancer NO:ZE uses NFTs to safeguard choreography IP

EU’s new crypto rule requires stablecoin issuers to hold more reserves

OSL cryptocurrency exchange cuts 15% of its staff

July 2022

S.Korea blocks ex-Terra employees from leaving country amid investigation

Prosecutors said they also wish to interview Terraform Labs Chief Executive Officer Kwon Do Hyung as part of an investigation into the multibillion dollar collapse of the company.

Contagion risk from Three Arrows Capital weighs on Bitcoin, crypto

After a short-lived recovery, Bitcoin, Ether and other cryptocurrencies are trading lower on fears of a contagion risk from a possible financial implosion at Three Arrows Capital.

Client accuses Bitcoin, Ethereum backer Three Arrows Capital of misappropriating funds

The crypto hedge fund got called out on social media Thursday for allegedly misappropriating US$1 million to cover risks of insolvency.

Has ‘Crypto Winter’ arrived with Bitcoin, Ether prices falling?

After what seems like a dead cat bounce, cryptocurrencies are falling again in Asian trade as markets head into the Federal Reserve’s announcement of its decision on interest rates on June 15.

Bitcoin, Ether bear brunt of market selloff amid fears of Fed rate increase

Still recovering from the Terra-LUNA debacle that wiped off billions of dollars in investor wealth, people sold off cryptocurrencies amid a market slump over expectations that the Fed will act faster to tame inflation.

Do Kwon and Terra lose appeal to impede SEC investigation

The order said Do Kwon and Terraform Labs had sufficient contact with the US for the Securities and Exchange Commission to investigate it for possible violations of federal securities laws.

With Artaverse, Hong Kong seeks to regain global arts influence

In hosting one of Asia’s largest outdoor NFT art exhibitions, the city — battered by lengthy quarantines and protests — is seeking to revolutionize the way art is presented.

FastForkast headlines

OSL cryptocurrency exchange cuts 15% of its staff

North Korea said to be responsible for Harmony Horizon hack

US Treasury says prioritize sanctioning North Korea for crypto hacking

S.Korea’s Korbit issues employee IDs in CryptoPunk-like NFTs

Kakao’s Klaytn partners with OpenSea for NFT expansion in Asia

Horizon’s US$100 mln crypto hack prompts FBI investigation

South Korea’s SK Square said to put off crypto issuance

Tether to offer new sterling-pegged stablecoin, GBPT

Pumped by Elon Musk, Dogecoin gains amid slow market recovery

S. Korea’s 20% crypto tax delayed by two more years

BlockFi among those that foreclosed on Three Arrows Capital: report

South Korean exchanges cooperate to prevent another Terra-LUNA debacle

Bitcoin price drops more than 8% as higher-than-expected inflation spooks markets

Japan’s government approves policy to drive Web 3.0 adoption

Litecoin anonymity update gets it booted from South Korean exchanges

Hyundai Card building its first NFT marketplace and wallet service

Google approves South Korea’s Cyworld metaverse app

To improve focus on studies, South Korean students turn to the metaverse

South Korea arrests man for allegedly stealing crypto based on personal data

Dunamu denies making US$100 million off of LUNA

June 2022

Winning back the trust of the Terra community a tall order for Do Kwon: Experts

Do Kwon’s proposal to create a new Terra network chain is set to go live this weekend — what does Terra 2.0 entail and will it successfully win back its following?

Knock, knock Do Kwon, investors have quite a lot of questions for you

The man at the center of one of crypto’s biggest flops is trying to resurrect the Terra-LUNA project as his tribe of followers and out-of-pocket investors want to know what went wrong.

FastForkast headlines

Dunamu denies making US$100 million off of LUNA

Terra’s Mirror Protocol fixes exploit that drained more than US$2 million

Terra 2.0 new LUNA is down 70% since restart

Terra to burn leftover UST (USTC) stablecoins in community pool

Terra, LUNA vote ends in favor of Do Kwon’s new chain proposal

S. Korea finance regulator to audit Terra and related exchanges

S.Korean police probe Terra employee for alleged embezzlement

Terra’s S.Korean office closure ‘purely coincidental’: Do Kwon

Terra raises aUST initial token float to 30% in revival plan amendment

LKB, 5 clients file lawsuit against Terra, Do Kwon to ‘Grim Reaper’

LUNA, UST investors in S.Korea want to seize Do Kwon’s properties: report