Regulation
South Korea sentences ex-Coinone crypto exchange executives for bribery
Two former employees at Coinone were sentenced Tuesday for accepting bribes in exchange for listing certain cryptocurrencies on the platform.
Danny Park
Contributor
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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Regulation
JPMorgan’s U.K. bank Chase bans payments linked to crypto
Chase, the U.K.-based digital bank, told customers Tuesday in an email that it will ban U.K. clients from making crypto-related payments.
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Altcoins
Binance Japan partners with mega bank MUFJ on stablecoin project
Mitsubishi UFJ and Binance Japan will collaborate on the issuance of fiat-pegged stablecoins.
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Blockchain Security
Hong Kong crypto network Mixin loses US$200 million in hack
Mixin Network announced Monday that the database of its cloud service provider was hacked, resulting in the loss of approximately US$200 million.
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Regulation
South Korean entertainment firm NHN to build blockchain games on Sui despite local ban
NHN Corporation announced Friday that it has partnered with U.S.-based Mysten Labs to launch an on-chain game scheduled for 2024.
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Market Analysis
South Korea’s Kakao, Com2Us wind down metaverse units
South Korea’s top internet company Kakao and leading game developer Com2uS are sizing down their metaverse teams after large losses.
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Regulation
South Koreans hold nearly US$100 billion in crypto overseas
South Korean investors and corporations hold over 131 trillion Korean won (US$97.9 billion) worth of cryptocurrencies in overseas accounts.
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Regulation
SEC will load more charges on crypto exchanges and DeFi, says enforcement chief
The U.S. SEC will expand its regulatory enforcement onto crypto exchanges, intermediaries and decentralized finance (DeFi) entities.
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Advanced Blockchain Technologies
Citigroup debuts digital token service for institutional clients
Citigroup announced Monday the launch of its new blockchain-based cross-border payments solution for institutional clients.
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Regulation
US legislators to discuss CBDC prevention bill on Sept. 20
The U.S. House Financial Services Committee announced last Friday that it will discuss a new bill to prevent the issuance of a CBDC.
Danny Park
